Why Dollar Hegemony May Be Nearing Its End

Michael Allen appears for the first time as a guest on the radio program while Michael Oliver & William Engdahl return. 

China, Russia, India and other “rogue” nations are rising economics powers. David Stockman visits Feb. 20 to tell us why the U.S. economy is in deep trouble thanks to its massive indebtedness. Meantime massive global infrastructure is being built to connect populous Asian nations with countries rich in natural resources even as China and other powers decrease their purchases of U.S. debt and reduce trade with the U.S. At no time since 1971 when the petrodollar arrangement replaced a gold-backed dollar has the U.S. dollar been so vulnerable to losing its world currency status. Engdahl discusses the rising economic status of those major nations and why they are now a threat to the U.S. dollar.

Oliver shares his latest on gold and other key markets and Michael Allen tells us about an emerging high-grade gold deposit in Nevada that is drawing a great deal of excitement from the market. 

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William Engdahl is an award-winning geopolitical analyst, strategic risk consultant, author, professor and lecturer. After earning a degree in politics from Princeton University and graduate study in comparative economics at Stockholm University, he worked as an economist and investigative freelance journalist in New York and Europe.

He has been researching and writing about the world political scene for more than thirty years. His various books on geopolitics have been translated into 14 foreign languages from Chinese to French, from German to Japanese.

His most recent works trace the strategies and events that led to the rise of the US as an international superpower after 1945, a new kind of Empire not based upon sole military occupation of land, but control of vital resources (finance, the basic food chain, energy, in particular oil) as the basis for what would become the greatest concentration of power in history, after the collapse of the Soviet Union.

Michael Allen, Pres., CEO & Director of Northern Empire Resources, is a professional geologist with 20 years of experience in the mining industry. He has extensive experience in project evaluation, recently reviewing in excess of 400 gold projects worldwide. This effort lead Mike to identify and negotiate the purchase of the Sterling Gold Project.

Mike has a strong technical background having explored for gold in Nevada, the Canadian Arctic, British Columbia and Ontario. He has worked in both open pit and underground mines, as well as managing the construction of new mines and exploration crews.

For the last several years Mike has spent his time in Nevada where he was part of a team that advanced a gold project through permitting and a positive pre-feasibility study. Mr. Allen holds a Bachelor of Science degree in geology from the University of Alberta.

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.