Worldwide Debt Spiral with James Lavish (WiM294)
The "What is Money?" Show
00:00
The Collapse of Confidence in the US Dollar
The US dollar is going to be the last one standing. It will swallow other currencies along the way in Brent Johnson's, Brent Johnson's milkshake theory from Santiago Capital. But what will happen is eventually the confidence in the dollar waivers. Why? Well, we have so much debt and our inflation is so high that people realize that if they own this treasury that in 10 years, it's only going to be worth a fraction of what they bought it for. Even with the interest rate, why? Because real rates of return are negative.
Transcript
Play full episode
