Zoltan Pozsar on Russia, Gold, and a Turning Point for the U.S. Dollar
Odd Lots
Bloomberg
4.5 • 2K Ratings
🗓️ 2 March 2022
⏱️ 51 minutes
🧾️ Download transcript
Summary
Even prior to Russia's attack on Ukraine, the global economy was facing an extraordinary moment. Now things have become massively more complex. In addition to the attack itself, rich Western governments have unveiled historically powerful sanctions against Russia, most notably by freezing much of the country's FX reserves. So what are the immediate and long term ramifications? On this episode, we speak with Credit Suisse short-term interest rate strategist Zoltan Pozsar on what this all means, how the Fed will react, why gold is important again, and how could this mark a turning point for the global dominance of the US dollar.
See omnystudio.com/listener for privacy information.
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Adlots is brought to you by Apollo. |
| 0:02.4 | When it comes to building and financing stronger businesses, |
| 0:05.1 | Apollo does the heavy lifting by providing customized capital solutions. |
| 0:08.9 | Apollo, investing in tomorrow, today, learn more at Apollo.com. |
| 0:30.0 | Hello, and welcome to another episode of the Adlots podcast. |
| 0:43.1 | I'm Tracy Alloway, and I'm Joe Wiesenthal. |
| 0:46.6 | So Joe, there is a lot going on at the moment. |
| 0:50.9 | It is truly an extraordinary time. |
| 0:53.5 | I would say kind of unprecedented already. |
| 0:57.3 | I think just the sort of like this economic environment was pretty novel. |
| 1:02.5 | Not many people familiar with it. |
| 1:04.3 | And now, of course, the start of Russia's war, the attack against Ukraine, making things |
| 1:11.0 | potentially exponentially more complicated and difficult to understand. |
| 1:15.1 | Absolutely. |
| 1:16.1 | And there are all sorts of impacts from what's going on in Ukraine with the Russian invasion. |
| 1:22.6 | People have been talking at length about the commodities impact, what that's going |
| 1:25.7 | to mean for inflation, but there is also this monetary impact. |
| 1:32.3 | And we are starting to see shades of that now. |
| 1:35.8 | So obviously, the ruble, I mean, if you look at a chart of the ruble right now, I think |
| 1:40.8 | it lost another third just today on the day that we're recording, which is Monday, February |
| 1:48.1 | 28th. |
| 1:49.1 | It was down at an all time low of I think about 109 rubles per dollar, but that is after |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Bloomberg, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Bloomberg and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.