Brent Johnson: The Demise Of The Dollar Will Take Longer & More Surprising Turns Than Many Expect
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According to Truflation, the US dollar has lost nearly 25% of its purchasing power since January of 2020.
Many everyday Americans struggling to pay their monthly bills may argue that's an understatement.
What the US dollar does, vs real things as well as vs other national currencies, has very real implications -- economically, financially & geopolitically -- for everyone watching this video, regardless of where you live.
For a better sense of what it's likely to do from here, we're fortunate to speak today with Brent Johnson, CEO & Portfolio Manager at Santiago Capital, and developer of the Dollar Milkshake Theory.
#dollar #currency #inflation
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You should also interview Jeffrey Gundlach, who, as opposed to Brent, claims that USD is gonna get WEAKER during the next recession!
Yes ! Thoughtful Money has Brent
More and more I'm concluding that the real smart guys don't have a clue as to where we're headed.
Well how good are YOU at predicting the future?
I feel the same way. The older I get the more I realize everyone are just winging it as we go. I used to have a few mentors I really look up to, but over the years I realized they don't know much more about the world than I do. We just had differnt experiences and different length of experiences
No they have, but they want to save their wealth. So this is a mind conditioning for public to follow them.
I would bet the real smart guys have been preparing for the inevitable for a VERY long time . Once unclear the monopoly board like they have u can take cover . I think your being very naive or your one of them
Bitcoin it is!
whoever has an abundance of commodities and strong manufacturing power will run the show.
So no one
Yes, that's actually how Russia has been able to fund so many wars
@@timthetiny7538 I guess you don't see the 500 pound "China+Russia" Gorilla in the Room.
America has a great deal of each even if it is a shit-show.
@@brucewilds7102 This is where the ignorance starts. America has no more natural resources than Brasil so just having commodities is meaningless. The Earth's crust is more equivalent than you think.
In terms of industrial production, at current prices it looks like the US has about 15% of the world's industry. The key word here is appears because if you peel back the hood you find that the only reason the US is at 15% is because it holds all the remaining monopolies in the global economy where prices are way higher than costs. The problem is that the Chinese will break all these monopolies in the next 5-10 years. Which means their prices will normalize to cost and US industrial capacity will then appear closer to 5% of global capacity which is the reality.
What a pleasant surprise for a Thursday! Thanks for having Brent on the show Adam
The sooner people realize that all government, no matter the country and no matter the party, is working directly and indirectly against the people they govern the sooner we can move forward as a species.
the government is just a money transfer mechanism to take money from everyone and give it to the rich.
Our current Congress and THIS Admin's, CRAZY Spending on,.. stupid "Chit" ,.. IS to,.. BLAME !
Vote 90% of, Congress and this current, Admin,. OUT and, the Debt / Dollar, "Problem's", get much,.. BETTER !
@@douglash.8862 you can’t vote your way out of corrupt government. The biggest trick the devil ever played was convincing the world that their vote mattered.
The sooner we let AI govern the entire body, the better. Computers are impartial and unbiased.
The sooner the world turns libertarian the sooner we have better lives as a whole
Milkshake comes in 2 flavors :
Plain vanilla (peaceful change)
Bloody red Cherry
😊
Excellent interviews recently. I could listen to the likes of Brent Johnson and Ted Oakley all day long.
Ted was very brief in his answers though
Wow!!
A real treat interviewing Brent!!
Thanks to John and Mike too, fantastic!
Thanks all
While I generally agree with Brent, I do see a significant flaw in his thinking. In my opinion, he gives our leadership too much credit in terms of competency. For instance, he often asserts that if situations deteriorate, our military will intervene. However, I'm uncertain if they are sufficiently competent to react promptly. Recently, it appears they are consistently making one poor decision after another. Although it's conceivable they possess a strategy, their actions don't convey such confidence.
The U.S. leadership itself is making sure there is conflict.
he has alot of that american exceptionalism talk
Yemen 🇾🇪 😂
Made for TH-cam tv
Well it's all on probability and the US do have the largest army and have in the past gone to war to protect their interests so it makes sense, at the end of the day most of the worlds debt is paid in US dollar so yes it will increase in value as the rest of the worlds currency de bases then the US dollar will follow
The world has realized that we have become a joke of the world.
It is Washington and the feds that you are referring to? I’m not American, I’m Canadian but I know many Americans. I’m not laughing at them but… just my thoughts
Respect to many fine people I have known down that way
Nvidia has a larger market cap than Germany.
You might want to study Brent's work in more detail. You could also look at Michael Howell's work (both have been on this channel before). Maybe you're a joke, but what really matters is how much of a joke are you compared with the rest of the world
Brent is correct - it is about power. The US and those that have benefited from US fiat currency will not want to give up that power easily. However, you can make an argument that the US has a serious mismanagement risk going on right now (talking about what is going on in government and the political landscape). If you gave every person $10,000 over time the money will become concentrated to a small percentage of people; there will always be haves and have-nots. Doesn't matter if the metric is US dollars, blue stones, bitcoins, or some new currency.
Or rocks.
Yes, he has overlooked the impact it’s happening on the Western countries’ residents.
Look at the exodus from Canada after record migration.
A burger costs $20 these days
Sea shells
It's very entertaining listening to all the endgame/buy gold/doom/USD stories over the past years. May I also mention that they all have a god damned timing problem?
But I am sure, one day we'll all die.
it doesn't happen overnight. There is a reason why bitcoin is 70k and rising. Money printing will only accelerate, make Covid look like chump change. Dollar and banking system died in 2008, we just kicked the can but never fixed the underlying issue. 800billion in 2008, 5-7trillion for covid and to bail out the current crisis will be more than 20 trillion. They have two options, print or default. They'll print.
We will know exactly what happens soon. WE are just waiting for the FED to pivot and the yield curve to reinvert. It has an near 100 percent accuracy of predicting crashes. You do you... I know exactly what I am doing. Don't be too cocky the markets ALWAYS inflict max pain. FOMO and diversification should we get the crash ... is not going to protect anyone. There will be a lot of people that will hold their longs all the way down because they have no idea what risk / money management is, how to set a protective stop loss, or when to take profits. There are no free lunches. The last 15 years has been a free lunch even folks that have no idea what they are doing have made money. They did not do any work for that money. They are going to give it, and more, back because that money was not earned and it is not theirs. That's what I think is going to happen. I feel super bad for folks tha bought cars and houses in the last year or two. They bought the absolute top. The same goes for all those who are long NVDA and TSLA. Those might not have topped but they are getting close. Nothing goes straight up forever and usually when it corrects it is violent. Just be careful.
Me too
@@Boostlagg agree. I'm pro Bitcoin too but Brent's point I think is really worth considering. BTC is a sideshow in comparison with the dollar, esp given the size of the Eurodollar market
I have a french fry theory...
It's all about the right branding and narrative. Has your french fries theory something to do with endgame, physical gold and so on? If so you can run through different TH-cam channels and tell the same story over and over again.
@@michaele.strasser9641 Anyone masquerading as the expert can only hope for the fries and the milkshake i guess...
Milkshake had sold off. Silver tsunami is the one that China used in the silver standard during the Great Depression. Just googled it
Russia is a good example of de-dollarization.
It involved debt defaults, asset seizures, sanctions, and even kinetic war. Now their CB reserves are mainly gold, and they have been selling oil for Rupees or Yuan.
And now they have rupees that they can’t spend anywhere other than India who they have a trade surplus with. Basically toilet paper.
@@Vikingpointswow.
The truth is that even though the Russian Ruble is currently a fiat currency their debt to GDP is only16.8% versus the U.S. debt to GDP is 132%! Some EU nations have even higher debts to GDP and these are our allies! A bunch of over indebted nations are our strongest supporters and their militaries are woefully inadequate for a major conflict with say Russia and or China.
@@Vikingpoints better than toilet paper, but still not that useful. It's tough to move away from the USD system.
Gold is still priced in dollars though
Milkshake for a Dollar? Where can I get that? That's cheap.😂
😂
You should also interview Jeffrey Gundlach, who, as opposed to Brent, claims that USD is gonna get WEAKER during the next recession!
I wonder against whom the dollar will weaken? I live in Canada, and it's not going to be versus our dollar!
What would really kill the U.S. Dollar as the global reserve currency would be a major war with other major powers that we loose though I agree that a major recession won't help matters.
Relative to what? Purchasing power may plunge, but other currencies and economies will be hurt more. It's a recipe for global conflict.
@@jfuite that's exactly the point that Brent is making.
@@mwilliamson4198 Yep.
Dollar is Getting stronger... SURE vs other FIAT. Not against Real Good and Services. Dollar is NOT GOING UP
You're missing the point 🤦🏽♂️
@@loveline7305 which is what? We are all getting poorer?
That is exactly Brent's point here.
Mexican peso ? Mexico has gotten a lot more expensive.
Yeah this is exactly what Brent has been saying for over 5 years now. And his DXY calls and Equities calls have been very accurate
What a timeline we're in where words like 'simp' have gone mainstream
Thank you very much Adam and Brent. I am so grateful for all the questions. We all know that no one know what is going to happen tomorrow. I really appreciate how Brent touched on the US defending the dollar with violence. I wonder how far that may extend and what the world looks like at the end of it. As in times past are there madmen in power that would do the unthinkable? Again, thank you for an amazing interview!
Brent is correct in his belief that the U.S. will use all means fair or unfair, through military or economic coercion to keep the current dollar dominated system going, however that does not mean the U. S. has the sustainable power or ability to stop a new monetary system or multi- systems from gaining traction. Right now the U.S. has sanctions to one extent or another on 30% of the world's nations. This not only makes global trade harder and more expensive, but it lessons the practicality/convenience of dollar use and foments deep resentments for what is seen as empirical power that is arbitrary and neither free trade nor beneficial to the rest of the world.
Temper tantrum the most likely reaction to any loss of economic power or U.S. global hegemony.
Thankz Adam and Brent for the awesome exchange and sharing
"The economy is fine." - Brent Johnson, June 2024
He actually said it. Wow
I just got to this part of the interview, and my mouth dropped. I haven't had a milkshake in a while, and won't be drinking one soon.
I have been studying him in some depth and he regularly points out that he is not pre-US, he is just stating the situation as he sees it. He did an interview/debate with Lyn Alden exactly four years ago and while it appears she "won" , four years on his calls re DXY and equities were much more correct.
Always great interviews and the follow up conversations are best😎👍
Great interview, nice to hear someone talk commons sense and not that the world is going to burn down.
Oh Brent says the world is going to burn, just we can't know the time line in detail ;)
it's not the rerun ON our money we are worried about right now, it is the return OF our money not to mention banks collapsing ,
Brent is one of my favorite guests on this channel. Excellent interview as always. Thanks, Adam.
Love Brent’s perspective, so very well spoken with obvious amounts of study and knowledge.
As someone who grew up in a comunis country that devalued it's currency, Real estate and German Mark were the 2 assets that totally preserved the purchasing power. People who were lucky enough to have borrowed from the communist government and purchased real estate, did better than anyone else, as the real value of those loans declined to near zero. I say this because large swath of investors think that the real estate will get decimated in the next crisis. This may not be the case
Adam, could you bring someone on to talk about investments in food commodities & farmland? It's not for nothing that Bill Gates owns so much, but I never hear it mentioned. It's true that it's not as accessible as the stock market, and land REITS etc tend to be expensive, but perhaps there are ways to access this area that I don't know about.
Thank you Adam
insightful and interesting👍
They will play very nasty, more nasty than they have ever been!
Great show Adam. Always fun to listen to Brent
Brent said people all over the world are watching this video. I am watching it from Portugal.
Me too
Absolutely fantastic to see Brent on ThoughtfulMoney!! He is a wise and tempered soul with a keen eye for risk and reward in a sea of chaos! I will be emailing to sign up for the Masterclass! Thanks Adam and thanks NewHarbor!
Whether he’s right or not Brent’s ego has been a likability issue. It’s good to see him express a little humility.
well he has correctly called DXY higher and equities higher for the past 4 years while almost everyone has said the opposite. It's not that easy to actually check on his calls, he doesn't mention it for some reason
Excellent Show thanks for the free education
Great resource speaker!
There can be a 2 tier dollar system in emerge, one for international trading . Another depressed value dollar for domestic use.
@0:05 Ask yourself who is having a greater interest in conserving the dollar’$ “global hegemony”:
Main Street or K Street?
Then answer for yourself if you’re willing to go to war for that.
So one question I want to figure out is when we print a ton of money Like stimulus The dxy Did not go Down But the gold price Going up And yet We pump Tons of money Outside the United States and the dxy doesn't go down and gold goes down. Seems to me that if any money gets printed that goes outside or inside the United States gold should be going up but yet our currency stays strong and then suppresses the gold price period explained that to me
And may I add... what happens if no one buys the debt that we are sure to need once we go into a recession, with debts at all time highs. All of those US dollars flood back into the USA and folks have no idea what that would mean... Brent didn't even mention that risk.
i bought gold at under 2000 in feb of this year. Stopped buying. Holding cash. Sold some silver. When it goes back down i will buy more.
it won't come back
@@Vera777Dina this is why he was talking about even within commodities you have to be contrarian. I'm not buying at the highest prices ever there will be a pullback you wait and see. Spoiler alert even if it never goes below 2000 I have plenty
When Brent says “switching to a new system”, is he referring to the world’s reserve currency going from the US Dollar to the Renminbi, the currency used by “BRICS” Nations?
I think no one really knows. I can't remember the details but I think in the 70s there was a case of a temporary currency being created for trade in Iran with the oil issues. It didn't last but we may see a new type of exchange bubble up. I don't think it will be gold though. Too expensive and inaccessible. Possibly something like nickel short term or another IOU note.
@@Jalleur14325 Thank you for answering my question.
If I was to guess, I would say he was talking about CBDC... the US goverment digital currency. Basically a digital coin that replaces the US dollar. Which IMO is super evil.
👍Thanks -- some smart and very decent gents. 👍
Great video! Not sure if it’s just me, but I feel like I got an ad about every 5-10 minutes. It’s about 2-3x the rate I’ve gotten on other videos. I know I can just pay for no ads, but the ad runs seems excessive
Get an ad blocker for your web browser. Ghostery, uBlock Origin work for me. No ads at all on this entire program. Chrome browser. Ciao!
Genuine question on Brent's DMT: how or why does US interest rates go higher and stay high if, say the global economy slows or trends toward deflation? If the yield curve inverts signalling the bond market wanting rates to go lower, how is this accounted for in the Milkshake Theory? What does Brent think would "break" the bond market?
Americans are funny, they hate their own currency so much that they refuse to see its popularity compared with other fiat currencies. I listened to Brent and converted my savings to USD deposit saving, which kind of helps me to fight the inflation here in my country. I turned more than half of my assets into physical gold, too. I don’t assume I know THE correct answer.
Always make sure to listen to a variety of opinions. The US is more indebted than many nations, I've been buying currency like Norwegian Krona, or Swiss Francs that are less leveraged. Norway has oil so it's quite an interesting investment.
Been studying his work for a while now and yeah I think he has some really good points. Look at the DXY chart, pretty clearly bullish trend since 2008. Some people (such as Raoul Pal, Julien Bittel) argue that this was the real "great reset" / debt jubilee event. Also Brent called equities higher multiple times in the past 5 years and has been remarkably correct
Hi Adam, please kindly help us understand what will happen after June 9 2024 when the 50-years PetroDollar Agreement expires between Saudi Arabia and the US? Will the mighty power USD currency be able to continue their printing money as usual in their 50-years of printing money? Global impacts are now splitting in the USD currency and other currencies. Should global citizens choose other currencies after Saudi Arabia decides not to renew the PetroDollar Agreement with USA after June 9 2024?
Since Nixon cut the link to gold the dollar has lost 98 percent in relation to gold.
It took Britain almost 40 years to bottom after the pound sterling ceased to be the reserve currency. Bretton Woods started in 1944, the US left the gold standard in 1971. Britain devalued the Sterling in 1967, in 1976 the UK had a currency crisis and had to get a loan from the IMF. In 1992 George Soros broke the Pound Sterling, forcing them to abandon their fixed rate peg. During this 38 year period, the UK bounced from one crisis to another and the Sterling lost value in both dollar & gold terms, British citizens had their standard of living reduced.
As a Floridian I’ve lost 30-35% of purchasing power. Own 8 proprieties 3 in Florida & two almost tripped in value. At the end of the day they will likely go down 40% went down the landlord rabbit hole when the manager of my money pontificated too much. Nothing is safe … been holding rental income in CD’s the last 2 years waiting for the recession. Having boots on the ground see it actually happening around the election. The Florida market is frozen. Brent uses the term reprice … it’s a correction & for the average person it’s devastating. When he says the economy is fine - he lost me.
That is just real estate. Frozen doesn’t = collapse. What matters is we are producing AI, and that will turbo charge every industry or anything that touches a number or words
How about an interview with Mike Preston for the whole show?
His dollar milkshake thesis is a continuation of the carry trade with perhaps some whipped cream or a cherry on top.
I am sorry Mr. Johnson but your statement (timestamp 33:00) that holding USD for Non-Americans has been a life safer is inaccurate. I am Swiss and the CHF has historically been significantly slower devalued than the USD. By significantly I mean the USD evaporated at 3x the rate of the CHF over the last fifty years.
Um. 50 years. are you kidding. Look at the trend of the DXY since 2008. That should tell you something.
Thank you for your reply. My first comment refers to the Swiss Franc (CHF), not an entire basket of currencies such as the DXY in which the CHF has only a marginal weight of 3.6%. Also, you can actually pick any longer time-frame for the CHF-USD pair to spot that the USD loses its value much faster than the Swiss Franc.
Soooo glad you got Brent on the channel. Thank you Adam.
I see evening Brent is saying... but I think it eventually ends up in crack up boom for assets
Been in a crisis 3.5 years to be exact 🤔🤨
Since when has the US recently had posative results, wins, militarly.
Hi Adam, thank you for bringing Brent back.
would you consider a segment teaching us how to buy puts ?
I found your video on buying TLT incredibly helpful - for the 1st time ever I was able to buy a couple short term notes. And with the uncertainly in the air, my portfolio could really benefit from puts.
Thank you
There is a growing chorus of retired, SENIOR, US military leaders who are presenting a view that is contrary to the geopolitical assumptions that Brent relies upon in this interview. I would like to see Brent expound on his theory of how the US military will effectively prop-up the dollar with people like Col. Lawrence Wilkerson, Col. Douglas MacGregor, Gen. Mike Flynn or Scott Ritter.
I have a “dude’s car was found against an abutment theory”
" I admit that timing was wrong" proceeds to talk for 5 min how he was right.
I have been studying him in some depth and he regularly points out that timing is crucial. He is just stating the situation as he sees it. He did an interview/debate with Lyn Alden exactly four years ago and while it appears she "won" , four years on his calls re DXY and equities were much more correct. It's REALLY worth going beyond the back and forth in YT comment sections and studying this work in more depth. I get the transcripts from YT, copy them into a document, and edit them while I listen. Good way to really learn what people are saying. There is TOO MUCH content in a single 1.5hr video to grok it all just by listening
Brent: "I'm not a simp for gov"
Something a simp would say
Thanks both ❤
Thanks guys!
what is name of the ETF for agriculture products like wheat, sugar, etc which Brent mentioned?
Thanks Adam and Brent. Great interview.
Prepare to survive. Got it. Kind of there now, but arguably my preparation is narrow. How can I diversify that preparation? If I can afford to prepare using 5% of my assets, is distributing those investments across two or three plays advisable? For example, gold and bitcoin and S&P puts instead of just gold?
Thank you for sharing your amazing framework Brent Johnson its mind blowing when you think through the idea.
So true about dollar not losing purchasing power in other countries. Construction materials in the country I was born in, are cheaper now than 10 years ago when paying with $$.
This is the best time to buy Puts when premiums are low. After a catalyst when markets are sinking the premium on Puts will go up big! This is why you have to buy them prior to a crash,, not during. And also buying calls at a crash bottom is not wise either because again the premium is too high based on the high volatility. As an option trader we opt to buy when volatility is low.
Awesome conversation. Thanks both of you.
Should we also draw a distinction between USD being the reserve currency & it being a unit of account?
But that is dying. Even evil Yellen has admitted to that.
What will happen to PetroDollar when June 9, 2024, is the last day of the 50-year agreement on PetroDollar between Saudi Arabia and the USA ? The mighty USD currency has been the no. 1 export of USA for 50 years because of the PetroDollar with Saudi Arabia .... what will the future of the declining global appetite to the USD currency?
Brent did a whole video about that recently on his YT channel
Great show fantastic advice and insight! Thank you but please I can't understand why no mention of BTC ETF's and Decentralized Crypto Graphic currency. Is the world going more Digital or less ? Is the Question
What I realize is that Brent doesn't have a real theory. What he has, is called summarizing the status quo.
His theory is not a theory, It is the null hypothesis: the dollar is king, so the dollar will remain king. Unfortunately, the null hypothesis will be rejected.
I could care less about the reserve currency status, I am concerned with the endgame of hyperinflation. That is the concern, not whether the USD is #1.
Have you been studying this theory/hypotheses or are you basing this just on this video? I have been studying him in some depth and yes his theory is part hypothesis/part prediction. He is just stating the situation as he sees it. For example He did an interview/debate with Lyn Alden exactly four years ago and while it appears she "won" , four years on his calls re DXY and equities were much more correct - that is the sign of a good hypothesis - that it makes accurate predictions. It's REALLY worth going beyond the back and forth in YT comment sections and studying this work in more depth. I get the transcripts from YT, copy them into a document, and edit them while I listen. Good way to really learn
@@mwilliamson4198 I do not study Brent Jones or his theory, but I have seen him around for a few years. I think Adam is mesmerized by it, and I have others cite it, but I just realized it's not a theory. He literally is describing the status quo. I conceptually understand the argument, but really the argument is a historical argument. The US has been #1 since ww2, the entire universe is dominated with US currency, the US has a strong military and political legal system.... so the dollar will remain #1 and will never ever be dethroned because USA= #1 and we can do MMT forever because Japan has done it.
However, this is very naive thinking. Past performance does not dictate future returns. Things can change very rapidly. Look at the British pound in 1914 before WW1, to 1944 Brenton Woods. 30 years from unparalleled greatness, to financial devastation. With technology, the fact there is so much more debt and derivatives out there, 30 years could be packed into 5-10. The main issue with Brent is he dresses up the status quo as a novel theory, but its literally the status quo based on confirmation bias.
Brent was right
What was Brent right about?
****** did nothing wrong
@@solomon1770 I have been studying him in some depth and he regularly points out that timing is crucial. He is just stating the situation as he sees it. He did an interview/debate with Lyn Alden exactly four years ago and while it appears she "won" , four years on his calls re DXY and equities were much more correct. It's REALLY worth going beyond the back and forth in YT comment sections and studying this work in more depth. I get the transcripts from YT, copy them into a document, and edit them while I listen. Good way to really learn
Another great guest and interview.
You are absolutely correct! Philippine peso has lost its value vs the US Dollars over the years!
USD can go up or down against other currencies, but not most hard assets
Hi Adam,
A dream would be if you can get Felix Zulauf for an interview! I’m so interested of his opinion for the future. Thanks a lot!
Felix has an open invitation to come the program anytime he wants. He only usually does PR once or twice a year. When he next goes on the road, I hope to be one of his first stops.
That would be grate! Thanks a lot for your answer
BRICS just entered the room, and they are holding gold bars!
Yes but the man on the street doesn't have bars of gold so maybe for trade it could work but not as a currency.
So true!
$1 for a milkshake? That is a good price. what flavors do you have? does your guest deliver them too? do they contain peanuts? whipped cream?
Adam - You always say you will put the guests' links in the description but never do. Am I missing them somehow?
www.youtube.com/@MilkshakesPod
Great show!
Hi Adam! Could you please help me answer a question? Several weeks ago in one of your videos with Lance you talked about an institute that you signed your daughter up for that provided an array of evaluations about career, personality, etc. It may have been somewhere in the Bay Area. Could you let me know the name of that institute? For the life of me I can't remember it, and I was trying to look back at your older videos but I wasn't able to find it easily. Thank you very much!!
Economic investigator Frank G Melbourne Australia is following this informative content cheers Frank 😊
Thanks for a lot of interesting ideas.
Magnificent interview. Mr. Johnson clear and objective as usual. Days ago I was just telling myself, I have to get Mr. Johnson milkshake definition, so this video fitted like a glove to me in order to know about it. Thanks
Im so ready for this new Brics currency no-more getting scammed by the bastards in india 😂😂
And big Joe
Super valuable!!
“Markets don’t move up in a straight line.” Has Brent been living under a rock? 😂
Today the usd/eur is 0.92, 20 years ago it was 0.82. So if you were right about it you made 15% in 20 years. Anyone wasting his time even thinking about what the usd will do has no understanding of investing. The volatility is just not there and meanwhile all these paper currencies go to zero together.
The USD and Euro aren’t the only currencies.
@@standinginthegap7118 The DXY is pretty much just the euro.
umm...ok...glad you're not managing my money
How to speak out of every corner of your mouth...
5:30 Gold is not a currency. No matter if it's a medium of exchange. Gold/Silver are MONEY, all fiat are currencies
great - chapters generally speaking would be even better
Brent you did a great job at the show in Orlando. Thank you for participating!
He is covering all the bases. Hell, anyone can talk for an hour and not get specific.
Exactly, as he said, "wishy washy." I feel he always tries to protect his position so he can never be wrong.
@@SP-cx2qi Not a Brent fanboy but I've been doing deep dive on Brent's work and his previous predictions/hypotheses stand up very well. and he is very often calling it different than 95% of the crowd, even fund managers etc. Sadly all these channels, and I really Like Adam, stansberry and others, they don't do a good job of really looking at someone's past calls and then assessing them. It's - look here's a new interview!! watch watch !! Also, Brent has his own channel and goes into excruciating detail in many videos
Brent is very American-centric and therefore ignorant of the rate of de-dollarization that is happening in in the world. Compared to gold/silver the dollar is tanking. Even compared to the peso it’s tanking.
Until lately when the peso is tanking against the dollar. Long term charts show all fiat currencies losing to the dollar. Period.
As you posted that the peso absolutely plummets lol. Goes from 16.2 to 18.5 in a month. Also every time the equity market sells off a little all currencies absolutely plunge vs dollar. If there is a slow down in the US market, the dollar will crush everything else.
ummm. have you looked at the DXY lately. That's largely all you need to know re dollar strength. And you cherry-picked one minor currency as an example.
I'm inclined to apply milkshake theory to bitcoin. US dollar hegemony is undisputedly declining, capital is flying OUT of US. You can't replace China buying TBills especially while placing tariffs on them. Out of the box strategy would be pay China in RMB. Proping up their currency, importing deflation to US consumers and strengthening trade relations to avoid military escalation. Systems change.