| Putin Plays America’s Fake Money Game |
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Robert Moriarty and Patrick Highsmith return as this week’s guests. When Russian President Vladimir Putin declared that countries unfriendly to Russia would have to pay for their oil and gas in Russian rubles, he pulled a chapter out of the U.S. playbook. In the early 1970s America arranged a quid-pro-quo agreement with Saudi Arabia whereby the U.S. used its military might to ensure the Saudi Royal family remained in power so long as it required OPEC (which it controlled) to sell oil only for U.S. dollars. The U.S. also used its military to force nations not to buy oil with euros.
When the U.S. and NATO cut off all U.S. dollar payment mechanisms from Russia after that country invaded the Ukraine, understandably Russian President Vladimir Putin began holding Russian oil and gas hostage saying that he would soon refuse to release natural gas to European countries unless they paid in Russian rubles. It is well known that many European countries are highly dependent on Russian gas to not only avoid freezing to death but to keep the wheels of industry turning.
Oil prices and diesel prices soared after reports came out that Russia has now cut off the gas supply to Poland and subsequently to Bulgaria, and out of concern that the reduced supply of natural gas to Europe will force the continent to use alternative forms of energy, mainly oil and diesel, already globally undersupplied.
No commodity is more essential to the health of modern economies than energy. We will ask Robert how he thinks this will all play out economically and geopolitically and how investors should factor this emerging new monetary regime into their investment decisions. Vladimir Putin is demonstrating that there is no monetary commodity more essential than gold in order to buy energy products. Timberline Resources’ Carlin style high-grade gold discovery in Nevada has the potential to become a multi-million-ounce discovery. Patrick will explain why. |
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Robert Moriarty was born in New York in 1946. He began training as a military pilot in 1965 and became the youngest Naval Aviator during the Vietnam War in 1966. With two years in Vietnam and some 832 missions in combat, he left the Marine Corps in 1970. He worked in computers for a few years before beginning a 2nd career as a ferry pilot delivering small airplanes all over the world. He made over 240 ocean crossings mostly in single engine airplanes. He holds 14 international aviation records.
Bob and Barb Moriarty brought 321gold.com to the Internet in 2012. They later added 321energy.com to cover oil, natural gas, gasoline, coal, solar, wind and nuclear energy. Both sites feature articles, editorial opinions, pricing figures and updates on current events affecting both sectors. |
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| Patrick Highsmith is Chairman of Firefox Gold Corp. A professional geologist and mining executive with 29 years of experience in exploration, operations, business development & leadership roles for companies, including: Rio Tinto, BHP Billiton, Newmont, Lithium One, Pure Energy Minerals, and Fortescue Metals Group. Mr. Highsmith has worked on more than 250 projects around the world, leading teams through creative transactions, new discoveries, scoping, and prefeasibility studies. He is experienced in the capital markets, having been associated with all manner of financings and transactions. Patrick has been targeting gold in Finland since 2005, and has been integral in building FireFox. He is also the Pres.& CEO of Timberline Resources, a mineral exploration and resource development company focused on gold and copper discoveries in north-central Nevada, USA. |
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| Jay Taylor Taylor Hard Money Advisors, Inc 718-457-1426 |
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