BREAKDOWN: The Geopolitical Implications of a Too-Strong Dollar, Feat. Brent Johnson

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4.7 • 698 Ratings

🗓️ 28 May 2020

⏱️ 65 minutes

🔗️ Recording | iTunes | RSS

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Summary

A macro expert joins to discuss why the U.S. dollar and economy are more broadly poised to suck the liquidity from the entire global economy. This episode is sponsored by ErisX, The Stellar Development Foundation and Grayscale Digital Large Cap Investment Fund. You know the meme: Money printer go brrr. It means inflation right? Not necessarily, says Brent Johnson. Since 2016-2017, Johnson has been arguing the big economic issue of our time isn’t inflation of the U.S. dollar due to excess money printing, but the havoc caused by a global system where the dollar keeps getting stronger and sucks up liquidity from the rest of the world. As the dollar has strengthened over the COVID-19 crisis, his ideas look more prescient than ever. In this conversation with NLW, Johnson discusses: What the “Dollar Milkshake Theory” is Why the implications of the theory stress him out, even though he created it Why everything is relative and no asset can be analyzed in a vacuum Why we could see the dollar, bitcoin and gold rise at the same time Why we can’t discuss macroeconomics without discussing geopolitics and even the military See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcript

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0:43.9	Wondery, UK. That's audible.com slash Wondery UK.
1:01.7	Welcome back to the Breakdown, an everyday analysis breaking down the most important stories in Bitcoin, crypto, and beyond.
1:09.1	This episode is sponsored by ArisX.com, the Stellar Development Foundation, and Grayscale Digital Large Cap Fund. The Breakdown is produced and distributed by CoinDesk.
1:12.4	Here's your host, NLW.
1:17.8	Welcome back to the Breakdown.
1:20.1	It is Thursday, May 28th, and one quick thing before we dive into the interview,
1:24.1	I was really excited to see how many of you have responded to my request
1:27.6	yesterday for beta testers for some new bonus content, newsletter content, mini podcast, micropodcasts.
1:34.4	I basically just have a bunch of ideas of things that I want to experiment with with the
1:38.0	breakdown listener community. So if you are interested in learning more about that,
1:42.4	participating in some content beta tests,
1:45.1	email me at nLW at whittamore.io, or hit me up on Twitter DMs at NLW, and I will get back
1:51.8	to you later this week. But with that said, let's move to our main topic for today, which is
	...

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