This is Macro Voices, the free weekly financial podcast targeting professional finance, high net worth individuals, family offices, and other sophisticated investors.

Macrovoices is all about the brightest minds in the world of finance

and macroeconomics telling it like it is, bullish or bearish, no holds barred. Now, here are

your hosts, Eric Townsend and Patrick Suresna. Macrovoices episode 467 was produced on February 13th, 2025.

I'm Eric Townsend.

Bianco Research founder Jim Bianco returns as this week's feature interview guest.

Jim and I will discuss the Mar-a-Lago Accord.

That's the name being given to a completely new monetary world order,

which Jim and others speculate,

might be under consideration by the Trump administration.

The gist of it is that other nation's central banks would be required to invest in a special new,

long-duration, zero-yielding treasury bond, where the nation's loaning money to finance the U.S. government would

receive continued military defense support in lieu of any financial return on their investment,

thus dramatically reducing the United States cost of borrowing and lowering the value of the

dollar relative to other currencies. Put another way, the United

States would offer protection in lieu of paying any interest on its foreign borrowings.

And I'm Patrick Suresna with the macro scoreboard week over week as of the close of Wednesday, February

12, 2025. The S&P 500 index down 15 basis points, trading at 6,052.

The market remains pinned in an incredibly tight range.

We'll take a closer look at that chart and the key technical levels to watch in the postgame segment.

The US dollar index up 24 basis points trading at 107 spot 88.

After the 110 peak, the dollar has stabilized in a tight trade range.

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