Jeff Deist and Michael Oliver return as guests on this week’s program.

“We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable rights, that among these are Life, Liberty and the pursuit of Happiness.” Those were the words of the Declaration of Independence as penned by America’s Founding Fathers on July 4, 1776. Holding a common belief that each individual is a unique person created by God and having that in common was a unifying idea that drove the colonists to overthrow the tyrannical King of England. Having witnessed firsthand the tyranny of King George, the Founders understood that governments themselves can become the biggest threat to taking away our God-given right to life, liberty and the pursuit of happiness.

And so, our Founders set in place not a democracy, which if unchecked becomes a “mobocracy” but a democratic republic comprised of three branches of government to guard each other branch from becoming so powerful that it denied citizens their God given rights most basic of which is the right to free speech, religion and self-defense.

Other safe guards against a tyranny of the majority that were given to us in our Constitution were: 1) An Electoral College vote for President and Vice President, and 2) Two senators from each state, no matter the population size of each state. The Founders also understood that sound money and free markets are essential to domestic peace and economic prosperity. Now, 247 years later, a growing majority of Americans think a dictator President is preferable because dictators can “get things done efficiently.” A growing number of Americans appear not to understand or appreciate the link between the freedom willed to us by our Founders and economic prosperity that inevitably follows.

Jeff will discuss where he thinks America is headed in the future given the growing desire to destroy free speech and the judiciary branch of government designed to keep either the executive or legislative branch from excessive power designed to crush minority interest. Michael will share his latest views on the precious metals markets and other key markets.

Jeff Deist is president of the Mises Institute, an educational organization dedicated to promoting Austrian economics, freedom, and peace. Jeff previously worked as a longtime advisor and Chief of Staff to Congressman Ron Paul. Jeff is also a tax attorney, having represented high net worth individuals, partnerships, and corporations in a wide variety of tax matters. His tax career includes time at two different Big 4 accounting firms, specializing in tax issues arising from mergers and acquisitions for private equity firms.

J. 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.