With the way things are moving ,I think I need to see a video on “how to survive amidst the present recession “.I mean everything in shambles Surprisingly I heard people still make over a 100k within a few months ,and i’d like to know how and if it’s still possible in these times or am I being lazy.
Have this at the back of your mind. there are good days and there are bad days it’s a zero sum game, However always follow the tips ,save and invest wisely and make sure to diversify investments so when another is down the other is up. you can do so by getting an experienced firm whose platform has diverse investment choices to choose from. By doing this you give little room for regrets and perhaps gain more.
Great tips, Generally diversification is a kind factor Don’t put your eggs in one basket. pragmatically I have been into all of this for some time,though I won’t say I have made or lost some fortune. Do you mind recommending a firm whose platform has diverse invèsting choices? Quite rare I anticipate your response.
But a margin call is if you bought something with borrowed money and your collateral dropped in value. So what did the other currencies buy and what is the collateral in this comparison?
@@modelmark they are essentially “buying” dollars with their own currency. Collateral would be their currency. In order to cover their losses(the rise of a strong dollar) they need to pay MORE in their own currency to pay their debt. That is my understanding.
@@Splashtoise what did they buy with the dollars they borrowed? Why can't they sell that? It still seems weird to me this dollar borrowing being done why didn't they borrow Yen?
@@Splashtoise , I think you are right: more non $ gov.bonds are required as collateral. The acquired $ are used in global trade + investments + speculation.
One of the most valuable insights of this video has been put in the last seconds by Brent saying “to predict the future is so arrogant” and continues “if you realize that you are wrong to predict it, just accept it and go on”
Correct. That's why everyone's thinking that the Fed must pivot since they're achieving nothing but crashing the market, not realizing that that's WHAT the Fed aims to achieve. Great talk!
I feel like E$ enthusiasts and global liquidity watchers have a general sense of these points already. Not only does Brent articulate the macro themes very well, he also uses his theory to make clear, succinct, and verifiable predictions regarding global currencies and assets. Big fan of both of you, gentlemen!
Great discussion. No one is talking about the future of Fed hiking to 4-6% What do currencies, markets look like then? When you were discussing how the dollar would fall, if we had interest rates at 5% and other currencies were able to not decline much or stay flat for the next 6-9 mos, we could see a soft landing and Fed ease and a resurgence of economic growth. I thnk a Fed lowering interest rates from 5% to 4% to 3.5% would encourage growth and give other economies room to breathe/(aka lever up)
Brent makes an interesting point, as the mkt keeps expecting the pivot, this gives Jay the license to keep hiking fed funds. Everybody just selllll already. Quicker we crash the market, the sooner we can get to the other side.
@@klauskarpfen9039 No I don't know who I'm up against...but I do know that the Fed is up against simple arithmetic. For every 100 bps fed funds goes up debt service will sky rocket as a percentage of the treasury income. Currently we pay just about $800B interest on $31T. In just a few years, this number will overshadow medicare, SS, and defense and this is on top of decreasing treasury tax revenues and net interest being reduced by payments to government pensions. But yeah, probably not a ticking time bomb we have here.
I believe Brent is right only in the short term - the relative strength of the dollar will increase -in the long run Peter will be right and u will see commodities popping up in price
A pleasure as always Alf, you’re the 🐐 Great episode, love hearing Brett explain FX and global capital markets. I also think it’s incredible how much push back his theory gets. IMO, that just verifies he’s on to something special.
No one thinks Powell's going to flip flop because the market's going down. They think he's going to flip flop because something's going to break. That's why you front run it. If you wait until it breaks you'll miss the violent move up when he flips. What happened the other day with UK gilts is a perfect example. You're either positioned ahead of time or you miss it.
Brilliant to hear Brent comment on last weeks situation here in the UK as we were absolutely astounded that the pound recovered so much and couldn't understand it. I am though kinda distracted by exactly how many pillows Brent seems to need on his bed, there must be a pronoun to describe this, like a flock of pillows, or a pile, or a gathering, but some poor bastard has got to make that bed.
@@Ruth-wu3vf More to the point, what are the consequences of an increase in the pillow supply, will the hotel pivot or just keep supplying more pillows?
Everyone is missing what I observe. The US Dollar Index behaves as the inverse of the US markets. When US markets fall, the US Dollar Index rises, and vice versa. Of course, interest rate differentials are another factor. US stocks have lost $15 Trillion since the beginning of this year, and the US Dollar Index has risen 17.8%. My interpretation is that the destruction of liquidity in the markets is causing a shortage of US Dollars. Big fan of you guys. Thanks for the good work.
The suction on the currency pulles all the liquidity in and keeps inflation at bat, but what your missing is that it is then being used to pay off us denominated debt which will never come back driving up illiquidity and causing the brake via annihilation of the debt/debt based system.
@@astroversace466 coffee, tomato sauce, pineapple??? An acidity bonanza you might as well top with Tabasco sauce so your stomach knows it’s being sniffed.
He has said in another interview that gold will not do much for the holder for some time … that its ok to hold some gold, but own other assets and keep gold to less that 20% of assets
@@richyrich3285 What interview was that? Mr 'Austrian economics' Peter was always acting like a complete d**k to Brent just being combative everytime they talked.
@@richyrich3285 About time. Peter spent the last few years gloating about that stupid gold bet and the last 13 years bragging that he called the '08 crash' (but doesn't mention he completely botched the 2009-2022 u.s. equities bull run)
These conversations are always very insightful. I liked the observation of the dollar deleveraging negative feedback loop. And I wonder how the political shifts of the next decade will impact dollar dominance.
wouldn't swap lines or Fed purchase of foreign bonds weaken the dollar - presumably these are sort of measures that a Plaza Accord type arrangement would agree on?
Aren’t we just seeing exactly what MMT described? That the limit on spending is not the budget, but the productive capacity of the economy. Effectively, governments can print money until the true limit, which is inflation. I’m thinking of MMT here as intended, a positive, not a normative theory. What the theory does suggest is that spending should be democratically determined, and directed at socially useful priorities, or areas of under investment. Yet, somehow, the Fed seems to have replaced fiscal policy with monetary policy, and exhausted the space for potential spending on inflating a financial bubble. MMT suggested that targeted taxes, as the opposite of spending, would remove liquidity from the economy, and back to government balance sheets. To me it seems the Fed is responsible but not accountable, having accomplished nothing with their interventions. Plus, monetary policy is a wrecking ball, whereas fiscal policy can be scaled and targeted. The only problem is polarization make governing impossible.
Early in 1980, Paul Volcker made the statement that he was going to stop inflation. I was a young man and thought, what can one man do? When interest rates hit 18% I saw what he could do.
I can understand deleveraging the dollar debt would bid up the dollar but what if the debts are defaulted? What if 50% of the eurodollar debts got defaulted? That would reduce the dollar value right? Since the "chase" for dollar to pay up debt is gone.
Find it rather funny and telling that Brent Johnson spends so much time talking about and acknowledging how he might be wrong in his analysis and predictions has been shown over time to have been more right than almost everyone else around... Seems like there should be some kind of lesson to be learned there.
The concept of a milkshake straw, because you could draw " crude Oil" out from under land you don't own, by diagonally drilling from your land, and suck the wealth away from others in a shady , unfair way. The USA, USD benefits from the poverty in other, weaker, USD debt trapped countries. ( Except Putin, who purposely de-dollarized.)
buy gold even if dollar increases, it will save your buying power no matter what they do, sell gold when all the dust settles after a global reset but make sure you have possession as banksters can't be trusted nor ETF funds like GLD
Noob question here: if the value of gold decreases a lot then how are you protecting your buying power if the value of your gold is worth way less than what you paid ?
I agree, however, to be fair, the markets did start to pull back middle of 2021 when Powell explicitly warned of the timing and extent of hikes, and the markets more or less orderly came down. They have also however successfully, until lately "fought the fed" even though it's a fight they can't win and only make worse by doing so. I do think it would help if there was a public service announcement and or a national emergency instituted in order to help mitigate inflation, why the fed has to be the lone entity constricting things makes no sense to me. It would help if people could be made aware of the consequences of all of them continuing to go for vacation and steak dinners, etc. Not that they can't, it's that they ought to be made aware somehow of the consequences of it. Inflation and the recession that will come of it is the result of us whistling like nothing is happening, including the markets. If there's fears of inflation expectation, why not somehow implement a weekly national holiday to let things cool down and slow down, bring back sunday's maybe, build in the expectation that prices might come down. Anyway, tangent. It might also immensely help if Powell brought out a live chicken and sacrificed it and wore it as a hat and then burned some incense and spoke in tongues to some pyrotechnics and the fed board ominously dancing and chanting, viciously pointing at everyone in the audience and the cameras. That might get the message across, whatever the message is supposed to be that the markets haven't gotten yet.
HOW TO - Reduce the US $ easily. US creates a second currency, a digital currency - FedCOIN, running parallel to the Green back. The FedCOIN would be limited to 100B coins, not making it a competitor to the US$. Like a corporate share split, the US$ would fall. Plus the US government would have 100B coins X US$50,000 percoin, to spend on solving debt and commitments.
BOE was just as hard and determined and clear about their plans. Didn't Kashgari say the fed was not going to raise rates to 2024? I am not even thinking about thinking about raising rates. Why suddenly believe them when they say they are determined to raise rates until inflation is under control?
So what will happen AFTER the fight of preserving currency vs saving bond market results in the Fed giving up the currency? What happens to the economy then? Instead of crashing the bond market?
FED.....Take it up to 4% and leave it there four 12 years to even out 0 for 12 and ya get your 2 per cent ave over 24 years ...shake out all of the debt and lets reset the economy. no more QE for 12 either...and lets get some wonderful deflation like in the 1800's so we can get some purchasing power back...I gotta get back to stuffing my pillows with the dollar...and my bed with gold and some CD's at the bank.
Brent and Mr. P. How do you see a scenario where the dollar goes lower when millions in Europe, and all over the world want to get INTO the dollar as a "safe haven?" The only good thing from all of this is that I will be able to take another vacation to Italy and be able to afford it!!
Not enough credit has been given to Brent Just want to mention that the young people usually learn their manners from the previous generations. The need to be perfect has been pushed to our kids for decades now Unfortunately, you cannot fix this in a day
To sum this up, the world has too much debt not in their own native currencies, it can't take on anymore debt, if it ever attempts to get out from under the debt, the dollar wins.
Sovereign debt write off is the missing element to the current fractional reserve system. It's good at creating the debt. Bad at reducing it. It's only option is to make the current debt less expensive: inflation. The real solution is to eliminate the debt. This resets the economy and makes real rates stable ( nominal rates aside).
@@patienceobongo Both. First look at Europe. The Euro is in trouble. That alone drives DXY higher. Technically look at the chart. 120 is the last high.
LOL ! Australia - 1980s - Keating the Treasurer raised rates to high teens , killing the Australian economy, all in one move !! "The Recession we had to have ! .." LOL
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With the way things are moving ,I think I need to see a video on “how to survive amidst the present recession “.I mean everything in shambles
Surprisingly I heard people still make over a 100k within a few months ,and i’d like to know how and if it’s still possible in these times or am I being lazy.
Have this at the back of your mind. there are good days and there are bad days it’s a zero sum game,
However always follow the tips ,save and invest wisely and make sure to diversify investments so when another is down the other is up. you can do so by getting an experienced firm whose platform has diverse investment choices to choose from. By doing this you give little room for regrets and perhaps gain more.
Great tips, Generally diversification is a kind factor Don’t put your eggs in one basket. pragmatically I have been into all of this for some time,though I won’t say I have made or lost some fortune. Do you mind recommending a firm whose platform has diverse invèsting choices? Quite rare I anticipate your response.
Funny enough I can honestly relate. I don’t know if I have permission to drop this here ,do a check on indextrade the are good at what the do.
The world itself is a zero sum game .
I heard someone say today... "The strong global dollar is a margin call on all other currencies" Brilliant!
But a margin call is if you bought something with borrowed money and your collateral dropped in value. So what did the other currencies buy and what is the collateral in this comparison?
@@modelmark they are essentially “buying” dollars with their own currency. Collateral would be their currency.
In order to cover their losses(the rise of a strong dollar) they need to pay MORE in their own currency to pay their debt.
That is my understanding.
@@Splashtoise what did they buy with the dollars they borrowed? Why can't they sell that? It still seems weird to me this dollar borrowing being done why didn't they borrow Yen?
@@Splashtoise , I think you are right: more non $ gov.bonds are required as collateral. The acquired $ are used in global trade + investments + speculation.
@@modelmark oil corn soy wheat, you know, just about everything
Brent hit the nail on the head, there is a Total Lack of Leadership (political and financial) WORLDWIDE. So now we must look after ourselves.
Brent and Alf are two of my favorite macro guys . Love listening to Brent and always look out for Alf and Blockworks videos . Thank you both .
Ralph looks like an inmate with that jacket.
One of the most valuable insights of this video has been put in the last seconds by Brent saying “to predict the future is so arrogant” and continues “if you realize that you are wrong to predict it, just accept it and go on”
and now today the dxy is back to 112, Brent is one of the few people I listen to that truly understands what is going on at the macro level.
Jeff Snider I recommend
@@rexmundi273 - Very familiar with Jeff actually.
@@JC-21470 Jeff's the best when it comes to Eurodollar.
@@rexmundi273 - Agreed, he is a really sharp guy!
@@rexmundi273 are you Rex Mundi the music producer ?
Correct. That's why everyone's thinking that the Fed must pivot since they're achieving nothing but crashing the market, not realizing that that's WHAT the Fed aims to achieve. Great talk!
I feel like E$ enthusiasts and global liquidity watchers have a general sense of these points already. Not only does Brent articulate the macro themes very well, he also uses his theory to make clear, succinct, and verifiable predictions regarding global currencies and assets. Big fan of both of you, gentlemen!
"The dollar is the denominator of the problem." Very interesting/ helpful to understand the situation.
Brent, you were right! I made a lot of money, thanks to you! Thanks once again!
Brilliant guest! That many pillows on a bed is psychotic.
GOOD ON YOU, BLOCKWORKS! Nice interview, Alf. Brent is one of the smartest, open-minded and humble guys in the finance space!
Brent Johnson is the man
Brent for Fed Chair.
Brent for Milk shake chair
Yep, I would not have bought gold and silver last year, if I had heard of him.
Wow, SUCH a useful interview involving two serious, experienced gents!
Well, one of the things I learned from Brent is that there's no pillow shortage. 😉
Great discussion.
No one is talking about the future of Fed hiking to 4-6% What do currencies, markets look like then? When you were discussing how the dollar would fall, if we had interest rates at 5% and other currencies were able to not decline much or stay flat for the next 6-9 mos, we could see a soft landing and Fed ease and a resurgence of economic growth. I thnk a Fed lowering interest rates from 5% to 4% to 3.5% would encourage growth and give other economies room to breathe/(aka lever up)
Brent makes an interesting point, as the mkt keeps expecting the pivot, this gives Jay the license to keep hiking fed funds. Everybody just selllll already. Quicker we crash the market, the sooner we can get to the other side.
Schlemmer Maul, the world market mover! Do you know who you are up against?
@@klauskarpfen9039 No I don't know who I'm up against...but I do know that the Fed is up against simple arithmetic. For every 100 bps fed funds goes up debt service will sky rocket as a percentage of the treasury income. Currently we pay just about $800B interest on $31T. In just a few years, this number will overshadow medicare, SS, and defense and this is on top of decreasing treasury tax revenues and net interest being reduced by payments to government pensions. But yeah, probably not a ticking time bomb we have here.
Milshake theory? No....PILLOW shake theory!
I believe Brent is right only in the short term - the relative strength of the dollar will increase -in the long run Peter will be right and u will see commodities popping up in price
The dxy is relative to other currencies, Brent thinks that gold will eventually increase with the dollar
Yes both are part of the decline, it started in 1971 it should have collapsed in 2008 but here we are, it may take a while longer.
Did somebody day "jubilee"? I heard "universal debt forgiveness".
What an absolute treat
A pleasure as always Alf, you’re the 🐐
Great episode, love hearing Brett explain FX and global capital markets. I also think it’s incredible how much push back his theory gets. IMO, that just verifies he’s on to something special.
Pushback comes maily from the Peter Schiff-type of guys, who do not even know what money is.
No one thinks Powell's going to flip flop because the market's going down. They think he's going to flip flop because something's going to break. That's why you front run it. If you wait until it breaks you'll miss the violent move up when he flips. What happened the other day with UK gilts is a perfect example. You're either positioned ahead of time or you miss it.
Also Powell gets the added bonus of basically exporting inflation to Europe, Japan etc.
Thank you guys!
Thank you, Alf and Brent, for this great insights. Take care. Stay safe.
You know there is a woman close by with that many pillows😊
”The pillowtheory”
The Italian guy is going to stumble over the strange platform on his floor, 😂
Brilliant to hear Brent comment on last weeks situation here in the UK as we were absolutely astounded that the pound recovered so much and couldn't understand it.
I am though kinda distracted by exactly how many pillows Brent seems to need on his bed, there must be a pronoun to describe this, like a flock of pillows, or a pile, or a gathering, but some poor bastard has got to make that bed.
🤣🤣🤣
He should start his own UA-cam show: "Pillow Talk, with Brent Johnson". Each week he invites a guest into his bedroom to discuss global macro.
He's in a hotel
@@Ruth-wu3vf More to the point, what are the consequences of an increase in the pillow supply, will the hotel pivot or just keep supplying more pillows?
A hint to My Pillow guys ;)
Brent is starting do the rounds and we are approaching the peak milkshake narrative.
What about sacrificing the stock market to protect currency?
everything clicked for me with this interview... thank you Alf/Brent
Everyone is missing what I observe. The US Dollar Index behaves as the inverse of the US markets. When US markets fall, the US Dollar Index rises, and vice versa. Of course, interest rate differentials are another factor. US stocks have lost $15 Trillion since the beginning of this year, and the US Dollar Index has risen 17.8%. My interpretation is that the destruction of liquidity in the markets is causing a shortage of US Dollars. Big fan of you guys. Thanks for the good work.
Genius!
@Text Me𑁕𝟭 𝟱𝟭𝟴 𝟮𝟵𝟬-𝟭𝟮𝟲𝟱 Blockworks info@msolarhydrogen.com
The suction on the currency pulles all the liquidity in and keeps inflation at bat, but what your missing is that it is then being used to pay off us denominated debt which will never come back driving up illiquidity and causing the brake via annihilation of the debt/debt based system.
Well, I’m chilled , finished work and now sipping a nice cappuccino and eating a pizza with pineapple 😉
With pineapples... shocking ... run before Alf takes you to the sheddd !!
coffee with pizza? are you okay?
@@astroversace466 well you need something to dip the pizza in 😂
@@astroversace466 coffee, tomato sauce, pineapple??? An acidity bonanza you might as well top with Tabasco sauce so your stomach knows it’s being sniffed.
I often wonder, what do they with so many pillows!!
Very eloquent speaker , Brent, but your tweets are snarky . Regardless , your knowledge is extremely valuable.
Thanks for having him too, Alf.
I like the peach/salmon color of Brent's shirt.
Awesome report
GREAT Interview!!
I thought an escapee from prison was talking to his friend inside for a second.
I wish Brent was asked about gold in this interview, how it fits in his theory.
He has said in another interview that gold will not do much for the holder for some time … that its ok to hold some gold, but own other assets and keep gold to less that 20% of assets
peter schiff so mad he's punching air right now about brent being right about the dollar
Not true. Peter commended Brent about being right in a recent interview.
Schiff's due diligence is demonstrably biased
@@richyrich3285 What interview was that? Mr 'Austrian economics' Peter was always acting like a complete d**k to Brent just being combative everytime they talked.
@@richyrich3285 About time. Peter spent the last few years gloating about that stupid gold bet and the last 13 years bragging that he called the '08 crash' (but doesn't mention he completely botched the 2009-2022 u.s. equities bull run)
Don’t forget Gromen
I am surprised that the sell off has been as orderly as it has been. All the plates are still spinning but some are wobbly.
Can't escape milkshakes, Brent. If you are wrong, you'll be making them at Mikky D's!
He's been right though
These conversations are always very insightful. I liked the observation of the dollar deleveraging negative feedback loop. And I wonder how the political shifts of the next decade will impact dollar dominance.
Is deleveraging include defaults on the eurodollar debts? Default will reduce the demand for dollar.
the whole world were addicted to dollar. can't get away easily on that drug
wouldn't swap lines or Fed purchase of foreign bonds weaken the dollar - presumably these are sort of measures that a Plaza Accord type arrangement would agree on?
Awesome talk!
Props to Brent for sticking to an unpopular and controversial position...and for making his bed this morning
Updating the term “ dollar milk shake death loop “
In the UK & glad to have my Gold ./ physical over all other assets at present.
Brent got DEFENSIVE lol
Alf, really appreciate all the information you put out!! Would you advise me to continue holding TLT bond etf, or get out and take a loss now. Thanks!
How does FedNow (aka new fiat) manipulate the Milk Shake..
Outstanding
Can we have another update?
Aren’t we just seeing exactly what MMT described? That the limit on spending is not the budget, but the productive capacity of the economy. Effectively, governments can print money until the true limit, which is inflation. I’m thinking of MMT here as intended, a positive, not a normative theory. What the theory does suggest is that spending should be democratically determined, and directed at socially useful priorities, or areas of under investment. Yet, somehow, the Fed seems to have replaced fiscal policy with monetary policy, and exhausted the space for potential spending on inflating a financial bubble. MMT suggested that targeted taxes, as the opposite of spending, would remove liquidity from the economy, and back to government balance sheets. To me it seems the Fed is responsible but not accountable, having accomplished nothing with their interventions. Plus, monetary policy is a wrecking ball, whereas fiscal policy can be scaled and targeted. The only problem is polarization make governing impossible.
Alf has an incredible accent
Early in 1980, Paul Volcker made the statement that he was going to stop inflation. I was a young man and thought, what can one man do? When interest rates hit 18% I saw what he could do.
pillows pillows pillows
I can understand deleveraging the dollar debt would bid up the dollar but what if the debts are defaulted? What if 50% of the eurodollar debts got defaulted? That would reduce the dollar value right? Since the "chase" for dollar to pay up debt is gone.
Still watching Frank G Melbourne Australia 🇦🇺 ❤️
Is it a good time to buy a property as a first time buyer?
whats up with so many pillows?
It's a motel room.
If the Fed will go back to QE then there won't be a recession/depression right? The USD is strong versus other fiat but it's not stronger than energy.
(2 choices)
Deflationary depression or Hyperinflation!
Which path will they choose?
Hyperinflation probable.
Find it rather funny and telling that Brent Johnson spends so much time talking about and acknowledging how he might be wrong in his analysis and predictions has been shown over time to have been more right than almost everyone else around... Seems like there should be some kind of lesson to be learned there.
there will, of course, be a pivot, because our national debt is too large to sustain high interest rates.
I still don’t understand why it’s called milkshake
The concept of a milkshake straw, because you could draw " crude Oil" out from under land you don't own, by diagonally drilling from your land, and suck the wealth away from others in a shady , unfair way. The USA, USD benefits from the poverty in other, weaker, USD debt trapped countries. ( Except Putin, who purposely de-dollarized.)
Watch There Will Be Blood and you will understand
buy gold even if dollar increases, it will save your buying power no matter what they do, sell gold when all the dust settles after a global reset but make sure you have possession as banksters can't be trusted nor ETF funds like GLD
Noob question here: if the value of gold decreases a lot then how are you protecting your buying power if the value of your gold is worth way less than what you paid ?
I agree, however, to be fair, the markets did start to pull back middle of 2021 when Powell explicitly warned of the timing and extent of hikes, and the markets more or less orderly came down. They have also however successfully, until lately "fought the fed" even though it's a fight they can't win and only make worse by doing so. I do think it would help if there was a public service announcement and or a national emergency instituted in order to help mitigate inflation, why the fed has to be the lone entity constricting things makes no sense to me. It would help if people could be made aware of the consequences of all of them continuing to go for vacation and steak dinners, etc. Not that they can't, it's that they ought to be made aware somehow of the consequences of it. Inflation and the recession that will come of it is the result of us whistling like nothing is happening, including the markets. If there's fears of inflation expectation, why not somehow implement a weekly national holiday to let things cool down and slow down, bring back sunday's maybe, build in the expectation that prices might come down. Anyway, tangent.
It might also immensely help if Powell brought out a live chicken and sacrificed it and wore it as a hat and then burned some incense and spoke in tongues to some pyrotechnics and the fed board ominously dancing and chanting, viciously pointing at everyone in the audience and the cameras. That might get the message across, whatever the message is supposed to be that the markets haven't gotten yet.
Frontrunnimg allows the decision
HOW TO - Reduce the US $ easily. US creates a second currency, a digital currency - FedCOIN, running parallel to the Green back. The FedCOIN would be limited to 100B coins, not making it a competitor to the US$. Like a corporate share split, the US$ would fall. Plus the US government would have 100B coins X US$50,000 percoin, to spend on solving debt and commitments.
18:07: "We're on a 20-year high on the dollar" Uhhh no? You mean the DXY. USD units and wages have never been worth less.
BOE was just as hard and determined and clear about their plans. Didn't Kashgari say the fed was not going to raise rates to 2024? I am not even thinking about thinking about raising rates. Why suddenly believe them when they say they are determined to raise rates until inflation is under control?
Wonder what impact USD would have if OPEC+ begin to trade oil other currencies?
idk why he didn't mention that. lol
Question...with so many pillows, do Brent's toes poke out of the end of the bed?
Brent has a lot of pillows
So what will happen AFTER the fight of preserving currency vs saving bond market results in the Fed giving up the currency? What happens to the economy then? Instead of crashing the bond market?
FED.....Take it up to 4% and leave it there four 12 years to even out 0 for 12 and ya get your 2 per cent ave over 24 years ...shake out all of the debt and lets reset the economy. no more QE for 12 either...and lets get some wonderful deflation like in the 1800's so we can get some purchasing power back...I gotta get back to stuffing my pillows with the dollar...and my bed with gold and some CD's at the bank.
And if oil breaks through the $ hegemony?
What then is the future of the Dollar?
More opinions and theories.
If you're looking for someone to tell you what's going to happen go talk to a psychic
He's gone long pillows. He knows about the flippening.
Couldn't click on this fast enough
in dxy dollar can be infinity.If i can't buy loaf of bread for gazilion dolalrs it is not strong.Get your head out of phony financial instruments.
Brent has a lot of cushions
Brent and Mr. P. How do you see a scenario where the dollar goes lower when millions in Europe, and all over the world want to get INTO the dollar as a "safe haven?" The only good thing from all of this is that I will be able to take another vacation to Italy and be able to afford it!!
Not enough credit has been given to Brent
Just want to mention that the young people usually learn their manners from the previous generations.
The need to be perfect has been pushed to our kids for decades now
Unfortunately, you cannot fix this in a day
haven't you guys kicked Alf off the channel yet?
To sum this up, the world has too much debt not in their own native currencies, it can't take on anymore debt, if it ever attempts to get out from under the debt, the dollar wins.
Sovereign debt write off is the missing element to the current fractional reserve system. It's good at creating the debt. Bad at reducing it. It's only option is to make the current debt less expensive: inflation. The real solution is to eliminate the debt. This resets the economy and makes real rates stable ( nominal rates aside).
🙏
S&P to 2550, its gotta lose close to 50 percent from the top to match 08 / 01, plus with all the froth in the market I can see it.
I hear Brent loud in clear. My initial target was DXY 120. Now I'm thinking much higher. Interventions, haha, I doubt they will work.
How did you deduce 120 or higher? Technicals or Fundedementals?
@@patienceobongo Both. First look at Europe. The Euro is in trouble. That alone drives DXY higher.
Technically look at the chart. 120 is the last high.
@@williams6081 thanks
Does this guy have too many pillows on his bed?
Anyone have a theory how a sovereign debt crisis might play out should .. They do a debt equity swap? .... using the milk shake theory? .....
LOL ! Australia - 1980s - Keating the Treasurer raised rates to high teens , killing the Australian economy, all in one move !! "The Recession we had to have ! .." LOL
The US treasury holdings of Japan are still massive. The US will have a problem before Japan runs out.
this is unprecedented. assets to debts 1 to 3 globally; weve never been collectively all in the same horrible shape. collapse is now