Wed, 17 July 2024
2183: Dollar Milkshake or Bust: Is the US Currency Doomed or Destined for Greatness? with Brent Johnson
Jason welcomes you from Salzburg, Austria, discussing the recent tragic events in the U.S., the media's coverage, and new home sales. He criticizes the misleading nature of news about declining home prices, explaining that homebuilders are constructing smaller, cheaper homes to address affordability issues. The Dollar Milkshake Theory, proposed by Brent Johnson of Santiago Capital, predicts a surge in the US dollar's value compared to other currencies. This is due to the US's strong financial system, deep markets, and the dominance of the dollar in global transactions, like oil purchases. When a global debt crisis strikes, countries will scramble for dollars to pay off their debts, further boosting the dollar's value. This could lead to a "dollar milkshake effect" where money flows heavily into the US, inflating asset prices there. The interview also explores Modern Monetary Theory's role in this scenario, suggesting the US government's printing of money can continue to fuel dollar demand for some time. #BrentJohnson #DollarMilkshakeTheory #GlobalEconomy #CurrencyStrength #FinancialMarkets #DebtCrisis #USDollar #Petrodollar #CapitalMarkets #MMT #Inflation #AssetPrices
Key Takeaways: Jason's editorial 1:34 Greetings from Europe 2:59 The Trump assassination news media in Europe and the 'Thought Police' 8:26 New home sales Jason's interview with Brent Johnson 13:24 The Dollar Milkshake theory and the debt crisis 19:41 The straw and the US dollar's best deal 23:42 Modern Monetary Theory 24:57 Kicking the can down the road- for how long? 27:28 The storm before the storm 30:28 An "End of the world" scenario 32:03 Weak dollar vs. strong dollar, inflation vs. deflation 35:29 echo chambers and the big social craziness coming
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Direct download: 2183__8_AMA_HI_CI_CW_-_Brent_Johnsons_Dollar_Milkshake_v1.mp3
Category:general -- posted at: 1:00pm EST |