The Geopolitical Implications of a Too Strong Dollar, Feat. Brent Johnson

A macro expert joins to discuss why the US dollar and the wider economy are poised to suck liquidity from the entire global economy.

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This episode is sponsored by ErisX, The Stellar Development Foundation and Grayscale Digital Large Cap Investment Fund.

In connection with: Bitcoin News Roundup for May 29, 2020

You know the meme: Money printer go brrr. That means inflation, right?

Not necessarily, says Brent Johnson. Since 2016-2017, Johnson has argued that the great economic problem of our time is not the inflation of the US dollar due to excess money printing, but the havoc caused by a global system in which the dollar continues to grow stronger and absorb liquidity from the rest of the world.

Also read: Why a strong dollar is bad for the US and bad for the world, Feat. Lyn Alden

As the dollar has strengthened during the COVID-19 crisis, his ideas seem more relevant than ever. In this conversation with NLW, Johnson discusses:

• What is the “Milkshake Dollar Theory”.

• Why the implications of the theory stress him, even though he created it

• Why everything is relative and no asset can be analyzed in a vacuum

• Why we could see the dollar, bitcoin and gold rise at the same time

• Why can’t we discuss macroeconomics without discussing geopolitics and even the military

In connection with: Bitcoin News Roundup for May 28, 2020

For more episodes and free early access before our regular 3pm ET releases, subscribe to Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Seamstress, Public Radio, iHeartRadio or RSS.

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