The Impending Decline of U.S. Dollar Dominance in an Era of Multipolarity

Stansberry Investor Hour

Stansberry Research

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4.4 • 677 Ratings

🗓️ 17 July 2023

⏱️ 57 minutes

🔗️ Recording | iTunes | RSS

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Summary

On this week's Stansberry Investor Hour, Dan and Corey welcome frequent guest Marko Papic back to the show. Marko is a partner and chief strategist for asset-management platform Clocktower. Together, they tackle the shifting landscape of globalization, the dominance of the U.S. dollar, and investment opportunities in emerging markets. (00:00)

Dan and Corey kick off the podcast by discussing the perplexing issue of the U.S. government "losing money while making money." They explore the implications of this inefficiency and its connection to the broader topics of inflation, recent Consumer Price Index data, and the Federal Reserve's monetary policies. (00:41)

Then, Marko joins the conversation to share his thoughts on multipolarity, or the distribution of power among several countries. Despite the rise of emerging markets and the global shift toward multipolarity, the U.S. dollar remains the predominant currency worldwide. Marko believes "the dollar will continue to have stickiness as a predominant currency," but he predicts a steep decline within the next year." (28:07)

Marko concludes by highlighting that investors can still profit by adopting a longer-term perspective that considers geopolitical and macroeconomic trends. He suggests keeping an eye on economies with favorable prospects, such as Indonesia's control of the Nickel market, Vietnam's vital role in global trade, and Mexico's refrain from fiscal stimulus packages. (45:57)

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Transcript

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0:00.0	Hello and welcome to the Stansberry Investor Hour. I'm Dan Ferris. I'm the editor of Extreme Value and the Ferris report both published by Stansberry Research.
0:11.6	And I'm Corey McLaughlin, editor of the Stansberry Daily Digest. Today we talk with Marco Pappage, chief strategist at Clock Tower Group.
0:19.0	And today Corey and I will talk about 10-cent Nichols.
0:22.6	And of course, the recent CBI report and the Federal Reserve.
0:26.5	And remember, if you want to ask us a question or tell us what's on your mind, email us at
0:30.8	Feedback at InvestorHour.com.
0:33.1	That and more right now on the Stansbury Investor Hour.
0:41.5	Well. That and more right now on the Stansberry Investor Hour. Well, only the government can lose money, making money, turning metal into money,
0:48.9	and they still lose money on it.
0:51.1	It's called Negative Senior.
0:52.3	Yes, 10 cent nickels.
0:53.7	This is an old story, kind of.
0:55.9	Evidently that government's been losing money, making nickels and pennies since 2006.
1:04.3	But the amount of money, the amount of money they could possibly be losing each year is up to 50 million a year.
1:14.0	The Mint, the U.S. Mint, put out this report a couple months ago towards the end of last year.
1:20.9	And then evidently there's been some legislation in Congress the last couple of years to address this issue.
1:29.8	But of course it got stalled for other things.
1:33.0	But now it's being renewed.
1:34.4	So I came across this this week while reading a different story about,
1:39.9	I guess you could say precious metals about some guy in Kentucky who found millions of dollars
1:45.6	worth of civil era gold coins in his farm buried in the dirt, which was along the same lines
1:52.0	here of inflation. But yeah, this story is bizarre. To me, it's the most kind of this heartening
	...

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