Ep 37 - Brent Johnson: The Dollar Milkshake Theory Explained

Brent Johnson of Santiago Capital joins the Gold Exchange Podcast to talk about the Dollar Milkshake Theory, how and why everyone should own gold, and what the perversity of the dollar system means for all the other world currencies.


Connect with Brent on Twitter: @SantiagoAuFund

Connect with Keith Weiner and Monetary Metals on Twitter:

@RealKeithWeiner
@Monetary_Metals

Earn Interest on Your Gold and Silver with Monetary Metals

Additional Resources

Chapters
00:00:00 Intro
00:00:51 Goldbugs on the Strength of the Dollar
00:05:13 Financial Justice Warriors
00:10:25 A Funny Thing Happened Along The Way...
00:17:50 Emotional Investing
00:21:38 A Question For Keith??
00:32:19 Explaining the Dollar Milkshake Theory
00:40:00 Perversity of the System and the Network Effect
00:48:22 If You Are Trying To Make Money...
00:51:51 Gold Martyrs and Systematic Instability
00:53:55 Gold, Leverage, and the Risk-Return Spectrum
00:56:47 Debasement of Fiat and The Dollar Index
01:01:53 Discussion of Part II
01:03:11 Outro

[somejohndoe]

Brent Johnson and Keith Dicker helped me get the dollar right as a trader. That definitely was useful to understand how the macro broader picture works in the real world.

[juancarlosclaramuntgarcia]

I was looking for a "debate" or conversation between Keith and Brent Johnson. Nice you got it here. Thanks, it has been great. Looking for part 2

[tochriss]

I would say that people who bought gold and then cheer for it to go up in terms of fiat currency do so because gold is not the medium of exchange, rather it is a store of value. The fiat currency is their medium of exchange. So if you want to buy some land for example, it is difficult (perhaps impossible), at least in UK to do so without GBPs.

[calstanke]

Need a 90 min debate with brent, luke and Keith next segment. :)

[fgfgdgdfgdfgiidfgdfgdfgdfgdfgd]

how did the world just accept nixson depegging the dollar from gold?

[ratedrsuperstarthega]

Which book was Brent referring to around 15min (approx) ?

[bbartlow]

Countries with dollar based debts are already in trouble. What happens if the almighty buck adds yet another 20%? Hard to imagine, isn't it...

[eded]

i hear alot of bullish cases for gold, silver in many YT videos and my conclusion is the content makers have an ulterior motive for viewers to buy. What they all fail to say is the FED, Treasury, BIS control the price suppression for obvious reasons and just look at FED, ECB, BOJ with relentless fiat printing, metals still suppressed for as long as it suits them. My mistake was taking out of crypto into metals on 2020 based on so much YT hype on explosive prices to come.

[silverfan]

You guy should watch this guy on youtube that calls himself Silver star eagles. You can see that guy who is placing his bets and telling the viewer to also place their bets heavily into silver. Because the dollar is trash and it's going to zero.
And when that happens he expects silver not gold to make him wealthy. I love gold and silver i like looking at my gold and silver. But i don't wish for a dollar collapse like some people seem that's all they're waiting for.

[jackspence]

Gold is a "fiat" metal, and sometimes a currency (as decreed by mankind). Just like paper currency, people could decide that it's really not that valuable. One thing gold has over tulip bulbs is the fact that it doesn't decay. "Past performance is no guarantee of future success." I just hope it's another 5, 000 years before people cool off on gold.

[caseyrindal]

No one is addressing the jp Morgan Court case fore jacking with the markets

[JonKino]

Brent shot to fame riding with the strong US dollar.

[Crypto-mrhg]

I don’t get the green screen office space, is it supposed to encourage confidence? Or a false sense of intellectual security? Whatever 🤣

[liberty]

Why not speak to Chris Powell @ Gata about his argument/evidence for the gold markets being manipulated? It's not fair that Keith just picks on ol' Ted Butler because that's just like shooting fish in a barrel for Keith. Keith should really take on a heavy weight like Chris P.