In this thrilling discussion, Louis Gave and Brent Johnson informally debate the fate of the US dollar in the years to come.
The US dollar has been the big bully on the playground since 1971, but a new challenger has emerged in the form of China. Through a range of geopolitical maneuvers and various strategic alliances, including BRICS and the Belt and Road Initiative, China is offering emerging market countries an alternative to the dollar in the form of the yuan. Dethroning a bully, however, is not easy.
The US dollar is thoroughly entrenched in the global financial system, and moving away from it could be akin to divorce, in which all parties involved are worse off after the fact.
Brent and Louis are both highly regarded in the macro community and are considered the foremost experts on de-dollarization. They are joined by Ronnie Stoeferle and Niko Jilch.
Biography's of our guests:
Louis-Vincent Gave ist he CEO of Gavekal, a Hong Kong based company he co-founded over twenty years ago with his father Charles and Anatole Kaletsky. Gavekal has grown to become one of the world’s leading independent research providers to institutional investors around the globe. Louis has written seven books, the latest being Avoiding the Punch: Investing in Uncertain Times with reviews how to build a portfolio at a time of rising geostrategic strife, and when very low interest rates and strecthed valuations on most assets announce constrained returns on most assets over the next decade.
[ Ссылка ]
Brent Johnson brings twenty five years of experience in the financial markets to his position as CEO of Santiago Capital. He has a long career in finance, having also been Managing Director at BakerAvenue, a USD 2bn Asset Manager and Wealth Management firm. Before joining BakerAvenue, Brent spent nine years at Credit Suisse in their private client group. He got his start as part of the training program at Donaldson, Lufkin & Jenrette (DLJ). He joined Credit Suisse in the fall of 2000 when the bank purchased DLJ.
[ Ссылка ]
Get the full transcript of this conversation here:
[ Ссылка ]
Get the 2024 edition of the In Gold We Trust report here:
English:
[ Ссылка ]
English Compact Version:
[ Ссылка ]
German:
[ Ссылка ]
German Compact Version:
[ Ссылка ]
Visit our website for more information:
ingoldwetrust.report
Follow us on X here:
[ Ссылка ]
IGWT Shop
[ Ссылка ]
0:00 Introduction and opening remarks
7:18 Louis's opening remarks
11:00 Brent's opening remarks
14:48 US's comparative advantage and the rise of China
20:33 Will China be successful?
25:00 How is the Dollar Milkshake Theory Playing out?
27:20 What does "winning" look like?
35:42 Let's talk about gold
44:09 Brent's take on gold
49:47 China's plans for a gold backed RMB system
52:25 Who do you trust when you trust China?
54:40 What about Europe?
58:15 Europe outplayed in geopolitics
1:04:16 Everyone will take a hit!
1:07:48 All debt is not equal
1:17:47 Oil and energy in RMB?
1:21:34 Eurodollar market development
1:30:35 What Louis and Brent really disagree upon
1:34:50 The Euro and Bitcoin
