Macro Voices

MacroVoices #485 Jeff Currie: The Joule Order

45 snips
Jun 18, 2025
In this discussion, guest Jeff Currie, Chief Strategist for Energy Pathways Investment at Carlyle, dives into the concept of a 'New Joule Order' and its implications for energy markets. He explores unlimited potential for gold prices in the current economic climate, the shifting fortunes of Europe's investments driven by a declining dollar, and the changing dynamics of the petrodollar system. Currie also emphasizes the growing role of asset-backed digital currencies in global finance and the resurgence of interest in uranium as a promising investment.
Ask episode
AI Snips
Chapters
Transcript
Episode notes
INSIGHT

Bretton Woods System Is Breaking Down

  • The Bretton Woods system is breaking down as the U.S. retreats from global dominance.
  • This shift forces Europe to invest heavily in defense and old economy sectors.
INSIGHT

Petrodollar System Under Strain

  • The petrodollar system's pillars are interconnected: U.S. military, treasury bonds, and oil.
  • As foreign buyers exit U.S. treasuries, new bids, likely domestic, must fill the gap.
INSIGHT

Gold's Unlimited Upside Potential

  • Gold is becoming a global reserve asset replacing U.S. treasuries amid distrust.
  • There's no clear upper limit to gold prices given its role in diversifying away from the dollar.
Get the Snipd Podcast app to discover more snips from this episode
Get the app