Gold Goats 'n Guns Podcast Episode #214 - Brent Johnson and Facing the Dollar's Dominance
36 snips
Apr 21, 2025 
Brent Johnson, CEO of Santiago Capital and creator of the Dollar Milkshake Theory, returns to share insights on the current state of global finance. He discusses the paradox of the dollar's dominance amidst economic turmoil and how the U.S. economy acts as a magnet for global liquidity during crises. Brent also explores the complexities of transitioning to hard money and critiques U.S. economic policies. With a keen focus on geopolitical dynamics, he reveals how evolving financial strategies could reshape international relationships and liquidity management.
AI Snips
Chapters
Transcript
Episode notes
Dollar Milkshake Is A Long Process
- The dollar milkshake theory is a prolonged process, not a single event like a crisis or dollar collapse.
- Multiple twists and turns are expected as the US-China battle unfolds over years.
Brent's Journey To Milkshake Theory
- Brent started as a financial justice warrior expecting the dollar to crash post-2008.
- He evolved to see the US as relatively strong, developing the milkshake theory to explain US dollar strength amid global debt.
Dollar Drops Then Scrambles Back
- Dollar declines during crises are temporary as capital repatriates and foreign holders sell US assets.
- Severe crises trigger a dollar scramble due to global dollar-denominated liabilities requiring liquidity.