The Inevitability of Dollar Destruction and Hyper Inflation

John Williams and Michael Oliver return as guests on the radio program this week.

Since 2011, the more QE created, the more commodity prices declined and stock prices rose. Wall Street prospers while Main Street and the real economy have never fully recovered from the devastation of the financial crisis. With the global economy still very depressed, how is it possible that hyper inflation could result? The answer according to Williams is that the dollar will inevitably collapse.

What might cause that to happen? How about a war with China and Russia, which is what America’s Neoconservatives apparently strive for? How about a massive sale U.S. Treasuries by the Chinese and other creditor nations tired of American and NATO belligerence? Why would China and Russia buy U.S. Treasuries when those funds are being used to remove Chinese and Russian sovereignty?

This and other issues will be discussed with John and Michael will update us on what his structural momentum charts are saying about precious metals, stocks and bonds.

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john williams-newWalter J. “John” Williams (known as John Williams) was born in 1949. He received an A.B. in Economics, cum laude, from Dartmouth College in 1971, and was awarded a M.B.A. from Dartmouth’s Amos Tuck School of Business Administration in 1972, where he was named an Edward Tuck Scholar. During his career as a consulting economist, John has worked with individuals as well as Fortune 500 companies. For more than 25 years, John has been a private consulting economist. Out of necessity, he become a specialist in government economic reporting. He learned that virtually all economic stats quoted by the U.S. Government are spun using optimistic assumptions that often bear little reality but make politicians look good and put money in the pockets of Wall Street. John writes the Shadow Government Statistics newsletter and his work has been recognized by the main stream media where he has been quoted in publications like the New York Times and Investors Business Daily.

Michael Oliver-newJ. Michael Oliver entered the financial services industry in 1975 on the Futures side, joining E.F. Hutton’s International Commodity Division, NYC. He studied under David Johnson, head of Hutton’s Commodity Division and Chairman of the COMEX. In the 1980’s Oliver began to develop his own momentum-based method of technical analysis. In 1987 Oliver, along with his futures client accounts (Oliver had trading POA) technically anticipated and captured the Crash. Oliver began to realize that his emergent momentum-structural-based tools should be further developed into a full analytic methodology. In 1992 he was asked by the Financial VP and head of Wachovia Bank’s Trust Department to provide soft dollar research to Wachovia. Within a year Oliver shifted from brokerage to full-time technical research. MSA has provided its proprietary technical research services to financial and asset management clients continually since 1992. Oliver is the author of The New Libertarianism: Anarcho-Capitalism.

About Jay Taylor

Jay Taylor is editor of J Taylor's Gold, Energy & Tech Stocks newsletter. His interest in the role gold has played in U.S. monetary history led him to research gold and into analyzing and investing in junior gold shares. Currently he also hosts his own one-hour weekly radio show Turning Hard Times Into Good Times,” which features high profile guests who discuss leading economic issues of our day. The show also discusses investment opportunities primarily in the precious metals mining sector. He has been a guest on CNBC, Fox, Bloomberg and BNN and many mining conferences.