Dan Oliver: Largest Credit Bubble Ever? | History Repeating Itself Like the 1930s Depression? (Video)
Dan Oliver: Largest Credit Bubble Ever? | History Repeating Itself Like the 1930s Depression? Video – Wall St for Main St
Jason Burack of Wall St for Main St interviewed first time guest, hedge fund manager & founder of Myrmikan Capital, LLC http://myrmikan.com/port/, Dan Oliver.
Dan is also a lawyer and President of the Committee for Monetary Research & Education http://www.cmre.org/.
During this 40 minute interview, Jason starts off by asking Dan about his background and how he found out about the Austrian School of Economics and got interested in gold?
Dan talks about how he was hired to work in Argentina prior to the 2008 financial crisis and how he saw credit bubbles in commodities popping around him in Buenos Aires when he worked there. This led him on a journey to read Hayek, Von Mises and start studying economic and financial history.
Dan says how there’s always a lot of similarities in every credit bubble. Jason talks about how global central banks have eliminated the threat of bankruptcy and for bankers and corporate executives going to jail for fraud or other felonies.
To wrap up the interview, Jason asks Dan why he speculates in junior gold stocks and how to avoid many of the risks and pitfalls that lose retail investors a lot of money gambling on junior explorers.