How Bitcoin, Digital Dollars, DeFi & Stable Coins Will Affect Brent Johnson’s USD Milkshake Theory
Today I chat with Brent Johnson of Santiago Capital about all things related to the U.S. dollar (USD). We cover the temporary weakness of the USD; high demand for USD outside of the U.S.; quantitative easing (QE); how the Fed strengthened the corporate bond market without even buying massive amounts of bonds; USD swap lines; stablecoins; digital currencies; the upside potential of bitcoin (BTC) as an investment; & the battle between governments, banks & entrepreneurs to carve out a new monetary system. #Investing #Finance #Economics
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Timestamps:
0:00 Temporary USD weakness & Brent’s hypothesis
4:35 Did the global economy need to be shut down in 2020?
8:05 The Australian dollar’s wild year
9:50 Why the world’s central banks prefer a weaker USD
13:45 Why the “eurodollar market is the key to it all”
18:20 Relationship between quantitative easing (QE) & inflation
20:55 How the Fed calmed the corporate bond market
25:40 How do USD swap lines work?
31:15 How do countries without USD swap lines access more USD funding?
33:50 Could digital currencies & stablecoins be an alternative to swap lines?
41:30 Central banks vs domestic banks vs governments vs decentralised digital exchanges
46:40 Modern monetary theory (MMT) & differences with reserves compared to digital currencies
49:40 Higher yields on cryptocurrency deposits & Bitcoin’s upside as an investment
55:15 Trending toward digital central bank coins
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❗ DISCLAIMER ❗
Alex Saunders is not a Financial Adviser. All opinions expressed by Alex Saunders or his guests in this video are for informational purposes only and should not be treated as investment or financial advice of any kind.
Any information provided during the video is general in nature and does not take into account the viewers specific circumstances. Nugget’s News and its individual team members are not liable to the viewer or any other party, for the viewer’s use of, or reliance on, any information received, directly or indirectly, from the video in any circumstances.
The viewer should always:
1. Conduct their own research,
2. Never invest more than they are willing to lose,
3. Obtain independent legal, financial, taxation and/or other professional advice in respect of any decision made in connection with this video.