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Let's imagine an alternate world that consists of the USA and 10 other nations with floating exchange rates. To keep the math simple, let us imagine the current exchange rates to the USD are all 1:1. The other countries increase their currency supply 10% each and swap the newly printed currency for USD's. But to do this the USA has to increase its currency supply by 100%. That may not matter so long as foreign demand for the USD remains strong, but what happens in the future if foreign demand for the USD weakens?
Lyn is the absolute rockstar of these talks. She can extemporise clear answers to just about any questions and also sees the bigger picture, eg, the possibility social unrest.
Lyn is too very diplomatic for not crushing his Milk Shake theory right there in his face. But i don't even think Brett would get it. This lady is too brilliant.
In the long run, Triffin Dilemma > Milkshake theory. And it isn't going to be close. Lyn fully understands the Triffin Dilemma. Brent is very short-sighted vs. her long-term view.
Brent Johnson is so confused that he doesn't understand Lyn Alden's lesson. You don't need US dollar reserves if you run a trade surplus (or a current account surplus). Reserves come from the accumulation of surpluses!
I like the engagement. You look down the comment section and people are caught up in being right or wrong. This is just a chance to have brilliant people discuss this topic with 2 views. You can learn a lot from both. Reality is this isn't the type conversation you overhear at starbucks. This is more like back patio talk you never hear.
How can any dislike this conversation? The thoughts and data they present are amazing. Great they finally got together in this video. Thank you for this content
The U.S. Dollar may be going higher by some measures but I just paid $10.12 for a Subway sandwich. That's a OK sandwich with no drink, fries or side! That's super high inflation.
What a revelation , Since I learned to know Lyn : she can explain in such clear language, what others spit out. Very realistic analyses and predictions.
@@orpheusepiphanes2797 I agree with you. Real vision have done a great job getting these two together to debate the dollar. 👍 Great job to both Brent and Lyn for a classy discussion.
Wonderful dialogue. I'm familiar with both base theories and current positions, so nothing said was new for me. But the far-sighted exchanges by two humble, economic thinkers, and doers, was very encouraging and refreshing. Thank you!
Brent Talked to much. Lyn has exceptional knowledge and perspective on what is happening. It would have been nice to hear more from Lyn and her perspective!
She's 2 stronk for Brent! She has an answer for everything, and they come without her even needing to process the questions, she just knows her area of expertise so so well.
These people are brilliant. I realy enjoyed this conversation. I do not understand everything but I am learning. For me Gold, certain US stocks and the Dollar. I live in Europe.
The only person understanding you two... is Lord Gammon, The Macro Interpreter. Seriously, he should be running commentary for you, pausing you, telling us what you said, and why we care. Your viewership will double.
I usually like Brent but he was a bit prickly with Lyn who frankly is brilliant. Maybe it's just me but I think Lyn deserves better than what Brent gave
Brent, I have a question for you. By doing swaps, the US is making the dollar weak since the other party will spend the dollars thus increasing the total amount of US dollars, while US will keep the printed counterparty currency and thus sterilizing it. This is how the dollar is going lower against the other currencies. The net amount of newly issued dollar maters, and with 0 interest rates, by rolling the swap the other party is providing only the interest (mostly nothing) but enjoying the power purchase of the dollars while FED is keeping the counterparty currency looked, thus sterilized. What do you say about this?
If I understand this correctly (and I very well may not) I think his point is that the swaps ultimately remove dollar debt (deflationary). The only reasons the other countries hyperinflate their currency is to secure dollars to pay down dollar denominated debt. Therefore the local currency hyper inflates and the dollars dry up. I could be completely mistaken about that though.
28:00 Dude: But those other countries will print their currency to swap with ours... Lyn: We print the currency we are swapping and then some. Dude: surprised pikachu face.
For lack of a better word. I don't want to put words in your mouth.... Lyn's massive strength, in addition to her control theory mindset, is her ability explain complex areas. She does not require pre loading by Brent. I don't like milkshakes.
This was a fascinating conversation; like an intellectual "ping-pong" match...However, this was a top-down analysis, social and societal factors were not fully considered. Dr. Shiller usually mentions " animal spirits" in his analysis. This "bottom-up" view considers social stability as a factor that will allow this geo-economic "shell" game to continue. Various uprisings in the US, France, Germany , and other Western nations should be factored in as possible big "spoilers" to erudite macro analysis.......Thank you , Brent and Lyn for your valued and respected views and scenarios..........Godspeed........
Min 34:20 Lyn says “ the US dollar is not inherently scarce. They can print as much as they want.” Wrong! Wrong ! When the conditions are tight, the private banks and repo markets will not lend leading to a shrinkage in Money supply. The US government has no control over this. No amount of increased primary dealer reserves will entice them to lend more. This is just one of many examples of how she gets it wrong.
@Hirmuinen Trolli The fed so far has created bank reserves. It cannot provide direct liquidity to anyone in need. If the banks don’t lend their reserves, the Fed has provided no liquidity.
@Hirmuinen Trolli none of that will help a very tight private banking system that will not lend. There is a reason 10 year treasury rate is at 0.5%. It indicates a shortage of dollars and deflation. The US dollar will inevitably turn around and rise.
IMO that's the whole point of Brent interviewing Lyn.. is to debate his theory with her. I think this interview is awesome. We get to see Lyn responds to Brent's theory and as they said it's all come down to whether the FED can print enough USD into the market. I'm on Lyn's side. The FED will flood the market with USD. UBI is coming soon!
Loved this! Felt like a debate between peers rather than a one sided interview. Made it much more entertaining and it was nice to see the holes in each others logic
I have a question, Brent says that the dollar will go up in relation to the swap lines because of the demand for dollars and the lack of demand for the other currency. So, if there are swap lines and a country has to pledge their currency equivalent in dollars as per the swap, and i get it, that would mean both currencies are being created so no inflationary of value depreciating effect on the USD. Or is there? If both currencies are being created but one is being used due to a shortage, but the other one is a reserve against these, then wouldn't the USD created in the swap actually have a velocity component that the other currency would not. If so, would that not mean then that there is a depreciating factor against the USD (as it is being used) and not against the other (as it is just a held reserve). Please clarify if you have an answer as this seems to not have been addressed and looks to be an issue with "the milkshake". Thanks.
Confused on huge dollar rally theory: currently 5yr vs other fiat and gold below: Has the dollar really been that strong? -4.01% vs Swiss franc- 5 years -5.58% vs Euro 5 year -14.53% vs Japanese yen 5 year -73.10% vs Gold 5 year -33% vs Gold 1 year -22% vs Gold last 6 months -Is the dollar going all of a sudden going to make a substantial reversal in a crisis/squeeze? Maybe it can close the gap but I don’t see how it would be substantial enough to reverse its losses relative to other currencies and gold when it already has performed poorly yet deemed as being strong? Doesn’t make sense considering how flawed the dollar is. Hey, it’s up 682% vs the Argentinian peso!!
This was the best interview by 2 Brilliant financial minds that an everyday Joe like myself cant actually get to see and hear and understand that Real Vision has brought to the table for myself and others I cant Thank you enough for this content which otherwise I would never be able to afford to get this kind of research so again I want to Thank You Real Vision and everyone involved
Interesting discussion. The thought experiment presented by Lyn is particularly interesting: what if the swap lines are made to be permanent as a first move towards a multipolar currency system? If there would be agreement on that, then it is mainly a matter of printing by multiple central banks in such an order that you can work towards currency equilibrium, especially if it is in step and pace with some degree of deglobalisation. That could be a way out.
The best video I seen in a while. I thought I was going to be teeth puling because the length of the video in the beginning but I was engage in the discussion all the time!!!! Great inside.
Brent should've let Lyn talk more without interjecting his views. We all know Brent's theories already. We need to get the point of view of Lyn. It makes it much harder from this debate like style.
Brent , a question or a point for consideration. what happens if in the swap lines the world put the dollars into circulation but at parallel the u.s just keep the currensy from the exchange in it's reserve would it stil be rigth to think the dollar rises and other currency falls? cos in real terms the actual dollars in circulation will be much more aboundend . same time it also move u.s to the path of global currency basket by acumilating diffrent currencies.
Does anyone else find him condescending? He cuts her off and answers his own questions. His conversation style is a bit combative. I hope turns that around.
38:02 Could that single global currency system involve something like an eSDR? I'm not sure what it would be collateralized with but it will have to be something digital if they ever expect it to work. Enter stage left: Brian Brooks
Isn't it just the same old debt backed, fiat generated currency Ponzi scheme problems exposed in deflationary times pushed out into more ponds? One of the best Real Vision episodes.
@@caleb2242 I don't think you are grasping my point. It doesn't matter who was right or wrong, or what you are even talking about for that matter. Take what you believe to be true. Now find someone, preferably a smart person, who doesn't agree with your view. Legitimately listen to what they have to say. If you still believe what you previously believed, then your view will be strengthened and you are more aware of the possibilities surrounding whatever the topic was.
The biggest problem I see with Brentt right now is he isn’t being scientific. Instead of trying to find reasons why his theory might be wrong, he is trying to find more and more confirmation to his milkshake theory. That is a recipe to confirmation bias problems and being blind to possible pitfalls in his theory (which could be correct).
![ILLSLICK X YOUNGOHM - We're The same [Official Video]](http://i.ytimg.com/vi/yUJNkobYR0E/mqdefault.jpg)
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Let's imagine an alternate world that consists of the USA and 10 other nations with floating exchange rates. To keep the math simple, let us imagine the current exchange rates to the USD are all 1:1. The other countries increase their currency supply 10% each and swap the newly printed currency for USD's. But to do this the USA has to increase its currency supply by 100%. That may not matter so long as foreign demand for the USD remains strong, but what happens in the future if foreign demand for the USD weakens?
Lyn is the absolute rockstar of these talks. She can extemporise clear answers to just about any questions and also sees the bigger picture, eg, the possibility social unrest.
upvote for "extemporise". BTW, Google says you're British.
@@bo840 Australian
@@peterwright9934 Same thing. We own you.
Is she trans?
Like Ray Dalio is trying to alert us to.
Lyn understands and can explain these topics better than ANYBODY out there and I listen to many.
I'm also a fan of Lyn Alden's articles/broadcasts but well worth looking up Grant Williams e.g. his videos 'Cry Wolf' and 'Nobody Cares'
Agree, Lyn is great but there is one more on TH-cam, Fed observer.
So glad I just found her!
Brent Johnson, CEO of Santiago Capital, and ski instructor at your local resort.
Affirmative action at its best. Transsexuals Sony make your content better real vision. Get woke, go broke.
@@ra803g6 Huh?
Haha, I was wondering about that vest as well - is it cold in San Fran right now?
At least he's not in his bathrobe again.
tcorourke2007 haha! I actually said the same exact thing when I first turned it on
Lyn is too very diplomatic for not crushing his Milk Shake theory right there in his face. But i don't even think Brett would get it. This lady is too brilliant.
In the long run, Triffin Dilemma > Milkshake theory. And it isn't going to be close.
Lyn fully understands the Triffin Dilemma. Brent is very short-sighted vs. her long-term view.
You simp
🤣🤣🤣
I enjoyed this interview a lot.
Brent Johnson is so confused that he doesn't understand Lyn Alden's lesson. You don't need US dollar reserves if you run a trade surplus (or a current account surplus). Reserves come from the accumulation of surpluses!
Lyn alden is on a completely different level
I like the engagement. You look down the comment section and people are caught up in being right or wrong. This is just a chance to have brilliant people discuss this topic with 2 views. You can learn a lot from both. Reality is this isn't the type conversation you overhear at starbucks. This is more like back patio talk you never hear.
Lyn is my absolute favourite person to hear talk about investing. Brent is great too :D
listening to her talk gives me nerdgasms
Lyn is an absolute genius. She explains it so well.
It's like a student pitching his ideas to the prof looking for validation and gets none.
How can any dislike this conversation? The thoughts and data they present are amazing. Great they finally got together in this video. Thank you for this content
It's probably because she's a transexual
Well if thats true wich I'm not buying she's a hot trans
The U.S. Dollar may be going higher by some measures but I just paid $10.12 for a Subway sandwich. That's a OK sandwich with no drink, fries or side! That's super high inflation.
I got a spicy Italian with cookies and a drink today -$10. where do you live and what kind of sub did you buy?
Potato chips $4 a bag too.
This stinking Ponzi Dollar is finished.
There's a five dollar menu....
BOOM nailed it
Lyn is stunningly brilliant and articulate... we are seeing the emergence of an economics/investing super star👏
Lyn wins
It looked to me like an interview, not a debate.
What a revelation , Since I learned to know Lyn : she can explain in such clear language, what others spit out.
Very realistic analyses and predictions.
To me, Lyn is more convincing than Brent in this quickly changing world.
ELLINAS ISE ?
Brent: you need to stop interupting before the lady completes her thought.
"i cannot figure out- therefore it will never happen" brent johnson
Brent "For a lack of better word" Johnson
Brent "I don't want to put words in your mouth." Johnson.
One of the most interesting debates I've seen this year so far...great stuff guys
Brent was looking for support for his milkshake and got none. Perhaps the biggest surprise of the century will be if the dollar bottom runs out.
No he wasnt. She is well known to take another side of the argument
@@orpheusepiphanes2797 I agree with you. Real vision have done a great job getting these two together to debate the dollar. 👍 Great job to both Brent and Lyn for a classy discussion.
I agree. Both of them are super smart, but I think she made Brent think hard about some potential cracks in his dollar milkshake theory.
After a day of studying mechanical engineering, watching financial content like this feels much less taxing
The milkshake is looking shaky.
The game isn't over, but it's looking like the Fed will do anything to keep the dollar down.
Still lookin shaky ?
will see about that in april
Lyn has a very listentoable voice.
Is she a dude?
Yup and has interesting things to say.
@ Winifred Fowler - Totally.... I don’t care either way. Lyn’s a dish.
@@CocaineCowboysUncensored Tut!....Lord, but you're fussy!
@@CocaineCowboysUncensored No. She's just a contralto.
brent needs to close some longs and buy gold coins for Peter. Lyn is very smart
Brent picking up a chick at a bar: So for lack of a better word, can we make mattress music?
peter schiff called and asked to get your gold coin ready for him 😂😂😂
I bet you everyone will start to invite her to their shows... very smart and well explained answers.
Two very professional operators! Congratulations to you both.
Great talk both. It's refreshing to see people disagree with a smile as you said. More of this please.
Dollar down, gold up. Brent is going to pay Peter another gold coin
Came here just to say the same thing. Lol
@@rof8200 Came here just to see that someone had posted it :)
Wonderful dialogue. I'm familiar with both base theories and current positions, so nothing said was new for me. But the far-sighted exchanges by two humble, economic thinkers, and doers, was very encouraging and refreshing. Thank you!
Brent Talked to much. Lyn has exceptional knowledge and perspective on what is happening. It would have been nice to hear more from Lyn and her perspective!
She's 2 stronk for Brent! She has an answer for everything, and they come without her even needing to process the questions, she just knows her area of expertise so so well.
These people are brilliant. I realy enjoyed this conversation. I do not understand everything but I am learning. For me Gold, certain US stocks and the Dollar. I live in Europe.
Lyn Alden is full of class
Constantly amazed at Lyn's wealth of information, understanding and knowledge.
Wow lyn is amazing. Lyn should do a debate with schiff.
Schiff wouldn't touch that w a 10 ft pole
Dollar milk-shake-shake brings all of the FX to the yard
Wow. You went there eh. I was wondering when I would see something along these lines. It's finally happened.
Wow, this has got to be one of the greatest real vision talks out there.
peter schiff is milkshake drinking brents gold coins 😂😂😂 "i drink them up"
"For lack of a better word, I don't want to put words in your mouth."
Notice how she mirrors those two lines back at him in the conversation? She's sharp.
The only person understanding you two...
is Lord Gammon, The Macro Interpreter.
Seriously, he should be running commentary for you, pausing you, telling us what you said, and why we care. Your viewership will double.
Even the graphs were unintelligible. I mean 3d triangles!? Seriously?
I usually like Brent but he was a bit prickly with Lyn who frankly is brilliant. Maybe it's just me but I think Lyn deserves better than what Brent gave
It's just you. You misread the situation.
24:43 "what do you think happens to the dollar in that environment?" MOST IMPORTANT QUESTION!!!
Brent, I have a question for you. By doing swaps, the US is making the dollar weak since the other party will spend the dollars thus increasing the total amount of US dollars, while US will keep the printed counterparty currency and thus sterilizing it. This is how the dollar is going lower against the other currencies. The net amount of newly issued dollar maters, and with 0 interest rates, by rolling the swap the other party is providing only the interest (mostly nothing) but enjoying the power purchase of the dollars while FED is keeping the counterparty currency looked, thus sterilized. What do you say about this?
Very interesting point. Hopefully he can reply.
@@lillix8826 No reply yet.....
If I understand this correctly (and I very well may not) I think his point is that the swaps ultimately remove dollar debt (deflationary). The only reasons the other countries hyperinflate their currency is to secure dollars to pay down dollar denominated debt. Therefore the local currency hyper inflates and the dollars dry up. I could be completely mistaken about that though.
Lyn is so much smarter than him
28:00
Dude: But those other countries will print their currency to swap with ours...
Lyn: We print the currency we are swapping and then some.
Dude: surprised pikachu face.
@@adama7752 he's too in love with his own theory. Peter Schiff is about to ream this guy. Lol
That doesn't say much. She's smarter than EVERYONE!
Lyn is smarter than most people
Michael Johnston Peter Schiff is even more dogmatic than Brent even though I think Peter is more right concerning the dollar and most other stuff.
For lack of a better word.
I don't want to put words in your mouth....
Lyn's massive strength, in addition to her control theory mindset, is her ability explain complex areas. She does not require pre loading by Brent.
I don't like milkshakes.
This was a fascinating conversation; like an intellectual "ping-pong" match...However, this was a top-down analysis, social and societal factors were not fully considered. Dr. Shiller usually mentions " animal spirits" in his analysis. This "bottom-up" view considers social stability as a factor that will allow this geo-economic "shell" game to continue. Various uprisings in the US, France, Germany , and other Western nations should be factored in as possible big "spoilers" to erudite macro analysis.......Thank you , Brent and Lyn for your valued and respected views and scenarios..........Godspeed........
Absolutely! And since jobs are going to be missing, social unrests are bound to happen. And wait for the next terrorist threats...
Checkmate!!!!!!!
Min 34:20 Lyn says “ the US dollar is not inherently scarce. They can print as much as they want.”
Wrong! Wrong !
When the conditions are tight, the private banks and repo markets will not lend leading to a shrinkage in Money supply. The US government has no control over this. No amount of increased primary dealer reserves will entice them to lend more.
This is just one of many examples of how she gets it wrong.
Nothing prevents the government from supplying dollar liquidity to any party in need of it.
@Hirmuinen Trolli The fed so far has created bank reserves. It cannot provide direct liquidity to anyone in need. If the banks don’t lend their reserves, the Fed has provided no liquidity.
Jerry Hunter But the government can give money it anyone, and the Fed can create the money and lend (=give) it to the government.
@Hirmuinen Trolli none of that will help a very tight private banking system that will not lend. There is a reason 10 year treasury rate is at 0.5%. It indicates a shortage of dollars and deflation. The US dollar will inevitably turn around and rise.
Some of the countries that have the USD swap lines have not even used them.
I disagree with the dollar milkshake but i must admit that Brent is a real gentleman. Congratulations for this kind interview of your opponent.
this women..is amazing ..I have never heard someone that speak so with clarity and conviction ...amazing!!
This "interview" could have been so much better if Brent didn't have to relate every question to his milkshake theory.
I don't think it's an interview. Normally the interviewer's name isn't listed in the description. Brent's is
IMO that's the whole point of Brent interviewing Lyn.. is to debate his theory with her. I think this interview is awesome. We get to see Lyn responds to Brent's theory and as they said it's all come down to whether the FED can print enough USD into the market. I'm on Lyn's side. The FED will flood the market with USD. UBI is coming soon!
Loved this! Felt like a debate between peers rather than a one sided interview. Made it much more entertaining and it was nice to see the holes in each others logic
Brent needs to take his Go USA blinkers off and be less parochial. Lyn is very convincing of her argument, Brent less so.
I have recently moved to reading up on macro economics and this is the best channel I find .Thank you . Have subscribed to the newsletter
Wow what a incredibly smart women... Humble to, welldone, obviously a genius child from birth. and she has social skills .. amazing.
I’ve been waiting to see these two get together. Fantastic discussion/debate, Real Vision. This makes up for the Kelton spoon-fed “interview”.
LYN is definitely one of the smartest and must be followed
Lyn is hot......just saying....
She needs her hair done and teeth fixed.
He said he first came across her. 🤨
@@theaviator06 I really wonder if she was a male
she can sauce my bun any day. totally lush
theaviator06 hmmm yummy
wow lyn and brent awesome video
I have a question, Brent says that the dollar will go up in relation to the swap lines because of the demand for dollars and the lack of demand for the other currency.
So, if there are swap lines and a country has to pledge their currency equivalent in dollars as per the swap, and i get it, that would mean both currencies are being created so no inflationary of value depreciating effect on the USD. Or is there?
If both currencies are being created but one is being used due to a shortage, but the other one is a reserve against these, then wouldn't the USD created in the swap actually have a velocity component that the other currency would not. If so, would that not mean then that there is a depreciating factor against the USD (as it is being used) and not against the other (as it is just a held reserve).
Please clarify if you have an answer as this seems to not have been addressed and looks to be an issue with "the milkshake".
Thanks.
Confused on huge dollar rally theory: currently 5yr vs other fiat and gold below: Has the dollar really been that strong?
-4.01% vs Swiss franc- 5 years
-5.58% vs Euro 5 year
-14.53% vs Japanese yen 5 year
-73.10% vs Gold 5 year
-33% vs Gold 1 year
-22% vs Gold last 6 months
-Is the dollar going all of a sudden going to make a substantial reversal in a crisis/squeeze? Maybe it can close the gap but I don’t see how it would be substantial enough to reverse its losses relative to other currencies and gold when it already has performed poorly yet deemed as being strong? Doesn’t make sense considering how flawed the dollar is.
Hey, it’s up 682% vs the Argentinian peso!!
Correction -4% vs Swiss franc over 5 year
Interest rates are dead. No way can we afford even paying the interest on the debt at these levels. We are cooked and don't even know it.
This was the best interview by 2 Brilliant financial minds that an everyday Joe like myself cant actually get to see and hear and understand that Real Vision has brought to the table for myself and others I cant Thank you enough for this content which otherwise I would never be able to afford to get this kind of research so again I want to Thank You Real Vision and everyone involved
Interesting discussion.
The thought experiment presented by Lyn is particularly interesting: what if the swap lines are made to be permanent as a first move towards a multipolar currency system? If there would be agreement on that, then it is mainly a matter of printing by multiple central banks in such an order that you can work towards currency equilibrium, especially if it is in step and pace with some degree of deglobalisation. That could be a way out.
Awesome discussion, thank you Lyn and Brent! I just love listening to this intellectual and analytical thinking and discussion.
Is there anyone sharper than Lyn or Lacy in macro??? If so, let us know
Simply beautiful exchanging!
Thank you!
Lyn is very sharp
I enjoyed the interview. I also read Lyn's article on gold earlier this month. It's informative and well-structured!
NIIP, the overseas held US assets, who holds them, are they held by Ford Australia, Google Singapore as part of MNC tax strategies.
The best video I seen in a while. I thought I was going to be teeth puling because the length of the video in the beginning but I was engage in the discussion all the time!!!! Great inside.
I love your mind Lyn!
This was produced on 6/22. I assume it was posted on TH-cam only a day ago.
Style points for Brent's headphone color matching his vest.
Lyn is awesome
Brent should've let Lyn talk more without interjecting his views. We all know Brent's theories already. We need to get the point of view of Lyn. It makes it much harder from this debate like style.
I wish I had discovered Lyn earlier - she is amazing. Learned so much from her.
Brent just has Theories and Lyn backs her theories with data
Brent , a question or a point for consideration.
what happens if in the swap lines the world put the dollars into circulation but at parallel the u.s just keep the currensy from the exchange in it's reserve would it stil be rigth to think the dollar rises and other currency falls? cos in real terms the actual dollars in circulation will be much more aboundend . same time it also move u.s to the path of global currency basket by acumilating diffrent currencies.
Does anyone else find him condescending? He cuts her off and answers his own questions. His conversation style is a bit combative. I hope turns that around.
Great discussion! Lynn again simplifies complex economic issues in a way we can all understand!
Dave Hunter knows what time it is
His milkshake is fermented, turned sour and starts to smell. Bail, bail, bail !!!!
Brent, Ask your guest a question - we are watching this to hear her not so much you. Well Don't put words in her mouth then.
Lyn Alden for president
I enjoyed your episode and really appreciate your breaking down both your views 👍
38:02 Could that single global currency system involve something like an eSDR? I'm not sure what it would be collateralized with but it will have to be something digital if they ever expect it to work.
Enter stage left: Brian Brooks
I'm starting a Lyn Alden stan club. Who wants in?
Isn't it just the same old debt backed, fiat generated currency Ponzi scheme problems exposed in deflationary times pushed out into more ponds? One of the best Real Vision episodes.
She is the Dr. Ronda Patrick of global debt.
To sum it up: How hard it is to print the money?
This should be taught in University! Greetings from Hamburg, Germany
If commodity trading is done in multi currency, at which value will sellers give their products? 1:1 on the euro? 1:7 on the Yuan? How?)))
So when is $800 gold like Brent said was coming? Why are we still listening to this joker
Actually...I’m right. Signing off this podcast
It's smart to listen to contrarian views.
Stuart Ferguson you would have got wrecked listening to his view
Stuart Ferguson the contrarian view was that gold was going to go up. Brent is a banker shill. Wall Street puppet
@@caleb2242 I don't think you are grasping my point. It doesn't matter who was right or wrong, or what you are even talking about for that matter. Take what you believe to be true. Now find someone, preferably a smart person, who doesn't agree with your view. Legitimately listen to what they have to say. If you still believe what you previously believed, then your view will be strengthened and you are more aware of the possibilities surrounding whatever the topic was.
Brent got killed
looks like johnson is going to cough up more gold to peter schiff. LOOOOL.
The biggest problem I see with Brentt right now is he isn’t being scientific. Instead of trying to find reasons why his theory might be wrong, he is trying to find more and more confirmation to his milkshake theory. That is a recipe to confirmation bias problems and being blind to possible pitfalls in his theory (which could be correct).
Really informative and understandable. It’s nice to hear conflicting or differing opinions without it being personal like our politics
brent forgets that dollar debt is turned into dollar assets that inflate in dollar terms to cover their debt just like an american investor
but there is no fractional reserve banking..?