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The U.S. Dollar Will Remain The King (Here’s Why) | Brent Johnson



Published
Recent efforts by foreign leaders have led some to claim that the U.S. Dollar system will soon cease to be the global reserve currency. Brent Johnson of Santiago Capital returns to Forward Guidance to argue that these arguments are utterly wrong, and he explains why in great detail. He expects a major squeeze to occur sometime over the next two years, although he and Jack discuss the potential for China’s re-emergence from recession as a catalyst for more potential short-term dollar weakness. Filmed on April 20, 2023.
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Timestamps:
00:00 Intro
02:32 "You Shouldn't Go All-In Against The United States & The U.S. Dollar"
12:06 Van Eck
12:55 Why Trade Is Invoiced In Dollars
19:01 The Bretton Woods System And The Rise Of "EuroDollars" (Offshore Dollars)
24:18 "Don't Confuse A Possibility With A Probability"
30:52 Sanctions
33:56 The Gold Standard And The Necessary Features Of A Global Reserve Currency
38:44 Bitcoin Standard Would Be "Massively Deflationary"
40:52 Why Are Central Banks Buying Gold?
42:05 When And Why Does The Dollar Spike Higher Against Other Currencies?
47:58 The Debt Ceiling
58:13. China's Belt and Road Initiative
01:00:58 Fears Of A Sovereign Debt Crisis
01:05:06 Currency Hegemons Will Continue To Be The Norm
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Category
Management
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