In Episode 275 of Hidden Forces, Demetri Kofinas publishes the audio from a recent Twitter Spaces event featuring Brent Johnson and Michael Kao, who were both later joined on stage by Michael Nicoletos and Michael Howell for a dynamic conversation about the explosive appreciation in the relative value of the US Dollar, the sources of Dollar strength, and what could bring an end to its role as the main global reserve currency.
Brent Johnson is CEO of Santiago Capital and the author of the “Dollar Milkshake Theory.” Michael Kao is CIO and Portfolio Manager of Kao Family Offices and is well-known for coining “the Dollar Wrecking Ball” as a similar metaphor for describing the dynamics of Dollar hegemony. Michael Nicoletos is a macro investor and the founder and fmr. CIO at AppleTree Capital and Michael Howell is the CEO of CrossBorder Capital and a regular contributor and active member of our Hidden Forces Genius community which you can learn more about at HiddenForces.io/subscribe.
Over the last six months, the US Dollar has appreciated tremendously against a basket of international currencies, from the pound sterling and the euro to the Japanese yen and Chinese yuan. Because of the Dollar’s outsized role as a global funding currency, Dollar strength often translates into foreign weakness, not just for other currencies, but for their respective economies and asset markets as well.
The goal of this conversation is to help deepen your understanding of the dynamics driving Dollar strength, the consequences for the global economy and asset markets the longer it continues, and what the possible end-game could be for economies and governments.
You can access the transcripts and intelligence reports of previous episodes by going directly to the episode page at HiddenForces.io and clicking on "premium extras." All subscribers gain access to our premium feed, which can be easily added to your favorite podcast application.
If you have questions about our genius tier, which includes access to the Hidden Forces community, Q&A calls with guests, in-person events, and dinners, you can learn more at HiddenForces.io/subscribe. If you have further questions, feel free to send an email to info@hiddenforces.io, and Demetri or someone else from our team will get right back to you.
If you enjoyed listening to today’s episode of Hidden Forces you can help support the show by doing the following:
Subscribe on Apple Podcasts | YouTube | Spotify | Stitcher | SoundCloud | CastBox | RSS Feed
Write us a review on Apple Podcasts & Spotify
Subscribe to our mailing list at https://hiddenforces.io/newsletter/
Producer & Host: Demetri Kofinas
Editor & Engineer: Stylianos Nicolaou
Subscribe & Support the Podcast at https://hiddenforces.io
Join the conversation on Facebook, Instagram, and Twitter at @hiddenforcespod
Follow Demetri on Twitter at @Kofinas
Episode Recorded on 10/03/2022
Could America Lose a War Against China Over Taiwan? | Alex Velez-Green
Dollar Doomerism & Why Things Are Better Than You Think | Michael Nicoletos
Perennials & the Post-Generational Society | Mauro Guillen
How the US Government Will Force Banks to Fund the Deficit | Charles Calomiris
The Worst (Or Possibly Best) Investment Podcast EVER | Le Shrub
The Fourth Turning Is Here: Our Great National Challenge | Neil Howe
How Confidence Determines the Choices We Make | Peter Atwater
You Will Own Nothing: Your War with a New Financial World Order | Carol Roth
The New Political-Economy | Russell Napier, Edward Chancellor, & Helen Thompson
White Sun War: The Campaign for Taiwan | General Mick Ryan
What the Fed’s Rate Decision Will Mean for Markets | Andy Constan
Why You Should Care About Turkey’s Elections | Nicholas Danforth & Amberin Zaman
America’s New Religions & the Cult of Self-Making | Tara Isabella Burton
Why Is the Recession Taking So Long to Show Up? | Bob Elliott
What Generational Differences Tell Us About the Future | Jean Twenge
Origins of the Ukraine War & What Comes Next | Serhii Plokhy
“We’re Gonna Get Those Bastards!” | Jared Dillian
Understanding the Hoax of the Century | Jacob Siegel
Disrupting the Battlefield: How Venture Capital is Changing Modern Warfare | Josh Wolfe
How to Think About the Current Moment in A.I. | John Borthwick
Create your
podcast in
minutes
It is Free
The emPOWERed Half Hour
NABOR® TALKS
U.S Property Podcast
Aligned Money Show
The Ramsey Show
Planet Money