Brent Johnson of Santiago Capital created the “dollar milkshake” theory, which says that in a global sovereign debt crisis, the USD, gold, and US stock market will all rise. He joins Bob for a friendly disagreement over the dynamics of a decline in foreign demand to hold USD.
The ZeroHedge Debate: https://Mises.org/HAP437a
Bob’s Post-Game Analysis of the Debate: https://Mises.org/HAP437b
Brent Johnson Explains The Dollar Milkshake Theory: https://Mises.org/HAP437c
Bob’s Article, ‘What Does “Debt-Based” Money Imply for Interest Payments?’: https://Mises.org/HAP437d
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Chapters
00:00 Free Book!
00:28 Introduction
02:57 What is the ‘Dollar Milkshake Theory’?
07:32 Dollar Milkshake Theory: Equities in a Dollar Crash
12:25 Human Action Conference Raffle
13:10 The Last Currency Standing during a Debt Crisis
18:24 The Dollar Comes Out on Top
34:41 The Value of Currencies during a Crisis
49:36 Adding Interest into the Equation
01:03:42 Will the US Still be a Superpower in 2040?