The End Of The U.S. Dollar Empire
This week my kind friends at Palisades Gold Radio, one of my favorite podcasts, invited me on for an interview.
This week my kind friends at Palisades Gold Radio, one of my favorite podcasts, invited me on for an interview. In this hour long discussion host Tom Bodrovics, we covered tons of topics including:
Fitch’s downgrade of U.S. debt, and how pathetic it is that nobody in the industry is paying attention to it
The reasons for the downgrade: that both monetary and fiscal policy in the U.S. are spinning out of control
How the American public was lied to about ivermectin, among other things Covid-related
The role of the mainstream media in perpetuating false narratives
China, IP theft and a potential invasion of Taiwan
Michael Burry’s recent purchase of put options on the market
Why the game theory of market psychology won’t matter when the fundamentals eventually take hold, which shouldn’t be long
Why we can’t believe everything we are told by media and must think for ourselves
The coming demise of the U.S. dollar empire
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Here is the interview, which is about 90 minutes in length:
Time Stamp References:
0:00 - Introduction
0:33 - Inflation & the Fed
7:43 - Fitch Credit Rating
16:37 - The Confidence Map
20:00 - Michael Burry Puts
23:30 - Bad News is Good
26:40 - The Equity Bull Case
28:00 - Chinese Credit Crunch
34:07 - Collapsing Narratives
49:37 - Analysis & Perspectives
55:30 - Perspectives & Censorship
56:17 - Predictive Wrap Up
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I couldn't possibly have any less sympathy for Russian oligarchs so this is no defense of theirs in anyway but I think that the asset seizures was the beginning of the end of the U.S. dollar empire. The system has to be neutral or participants will look for another system. In a sense, the US defaulted on its obligations when it picked sides and punished the side it didn't like. That will have consequences.
Great interview, Chris. I love your work.