Hello and welcome to Broconomics. Now, we've talked about the death of Fiat money many times in this

series, but there is a version, perhaps, where on its road to its death, it actually strengthens.

Imagine, if you will, Daff government overspending faces off against Obi-1 dollar,

and Obi-1-dollar says, strike me down, but i'll become more powerful than you can possibly

imagine now to explain what's going on there we've got brent johnson of santiago capital brent

thank you very much for coming on thanks for having me this should be fun absolutely um so you're

very well known for the dollar milkshake theory. Can you tell us what that is? And also a side question to that is, do you actually like the answer you got from your own theory?

Two good questions. So first of all, the theory is that for many reasons, some of them deserved and some of them undeserved, the United States dollar, while perhaps it is a horrible currency overall, it's better than all the others.

And for many, many reasons, as we move forward in time and the debts become a bigger problem and,

you know, geopolitical discourse tends to fall, I think the dollar would get stronger.

And as a result, the United States and the US dollar itself would suck up capital from the rest of the world.

And so while the dollar may lose

value against real things, it would gain substantially against all of its fiat peers. And the

reason is because the entire world has an incredible amount of U.S. dollar debt. It's not just

the United States. I think everybody knows

the United States owes something like $37 trillion. And that's if you just include the national

debt. If you include corporate and, you know, other obligations, it's probably $100 trillion. But what

most people don't know is that the rest of the world owes an equal amount in U.S.

dollars and they can't print it to serve it and so as it gets stronger it causes them a lot of

pain and when it causes them a lot of pain you know bad things happen to their economies they

have to print even more of their local currency to deal with it, which makes their local

currency fall even more. And so the theory is that while Fiat may come to an end, it's a rising

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