Will This New Bear Market in the Dollar Trigger Hyperinflation?

Geologist Brian Groves visits as a guest on the show for the first time while John Williams and Gene Epstein return.

With massive malinvestment and an economy that has never fully recovered from the 2008-09 crises, there is zero chance of excessive demand causing price inflation. But that’s not the reason Williams has been predicting hyperinflation in the U.S.  The underlying cause, he says, will be a dollar that is in dramatic decline.

In a world of growing geopolitical tensions with creditor nations and an increased shortage of willing buyers of U.S. Treasuries at low rates, and Oliver’s work showing a new secular dollar bear market underway, isn’t it possible that Americans are about to be blindsided with a hyper-inflationary event? If so, what might that mean for the dollar price of gold and for low cost gold miners?

We quizzed Groves about the potential for his company, Genesis Metals, to mine and produce the yellow metal economically, especially in an inflationary environment. 

Gene Epstein discusses his upcoming debate with Dr. Mark Skousen over Adam Smith and also notes that Donald Trump is simply a more unvarnished moron than other Presidents before him.

Walter 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.

Brian Groves, CEO and Director of Genesis Metals Corp., has over 30 years of experience in Australia and Canadian mining and exploration. He has been involved in exploration for coal, gold, diamonds and base metals with AMAX Minerals, Noranda and Placer Dome. Since 2003, Mr. Groves served as chief executive officer of two TSX Venture Exchange-listed exploration companies and now is a director of two TSX Venture Exchange-listed companies. He has valuable experience in corporate strategy, capital markets, and project development and permitting.

Mr. Klassen graduated with an undergraduate Honours Degree from the Univ. of Western Ontario in 1989. In 1992, he received the Commemorative Medal for the 125th Anniversary of the Confederation of Canada for his significant contribution to his community and country.


Gene Epstein, an economist of the Austrian School–and by political persuasion a libertarian–joined Barron’s in February 1992 as Commodities Editor. The following year, he became the weekly’s first Economics Editor and the first to write the column, “Economic Beat”– his responsibility to this day. In October 2010, he also became the Barron’s Book Review Editor.

Before joining Barron’s, Epstein did a 13-year stint at the New York Stock Exchange, mainly as a senior economist. He has taught economics at the City University of New York and St. John’s University and holds an M.A. in the subject from the New School and a B.A. in history from Brandeis University.                                                                                                         

Epstein’s book, ECONOSPINNING: How to Read between the Lines when the Media Manipulate the Numbers, was published by John Wiley in August 2006.

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.