Brent Johnson Explains the Dollar Milkshake Theory

The best moments from The Pomp Podcast with Brent Johnson. In this video, Brent and Anthony discuss the "Dollar Milkshake Theory" and how our debt based monetary system can cause the US Dollar to rise despite the increasing liquidity injections around the world.

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[Slatt-zy]

God dammit, I keep trying to find a video on how to make a 1 dollar milkshake at home and keep getting this!

[llee]

Superb post! I'm one of those folks that worked, saved, lived beneath my means, and retired with 2 small paid off home, a paid car, and some investments.

My contemporaries have their heads in the sand. I have a garden and chickens, and my needs are simple. But I'm concerned about violence.

[tyn]

What's funny is that I have a thermodynamics background, and it makes absolute sense to me. I see it as a "black hole" though. There is so much USD debt outstanding, that it can't be paid back via productivity (absent forced distribution from creditors). So for 40 years, the debt has always been rolled over, made possible because each rollover would be at lower and lower rates. If we're in a secular bear market for rates, then we're truly screwed. Borrowers will just hold on to or acquire as much USD as possible to service the debt. And in the case that they default, the default is rarely affects the "end creditor", but just some intermediary (bank, hedge fund), who then gets a dollar squeeze. The only end to the squeeze is if the actual wealth holders zero out the creditors to some equilibrium rate. Or countries just default and buy oil and goods from Russia and China in non-USD terms.

[yojd]

Anthony, love your short vids. They are easy to share with people without shoving stuff down their throats haha

[susanwhite]

Someone on utube who has a Big run on the board..well done!

[ChaiBronz]

Dude actually looks like Paul Dano, so kinda funny he references "There will be blood" lol

[Stanley-ginb]

What Brent said makes sense, but why USD would outperform Gold? His whole point was USD will outperform other fiat currencies.

[barbaraherda]

5:15 why gold (and silver) not going up the way they should because they’re manipulated. Refer to documentation put out regularly by GATA.
In all stocks, the product (oil, energy, wheat, etc) derives its stock market price from the item itself. However, the prices of gold & silver are NOT determined by the metal itself, it’s determined by the central bank cartel.
Now all of the market is controlled by the banks & Wall St, as evidenced by negative oil prices in May of this year. On NO PLANET does is make sense to pay someone to take your product. That’s NOT capitalism, that’s a rigged market for wealth transfer from the free, independent people to the bank politicians/corrupt corp conglomerates. The only reason they can do this is because the entire financial system is based on their debt-based fiat garbage fractional reserve system - time to end the Fed Res, IMF, BIS, BOE, WB, ECB, etc

[josephedlin]

Trying to share the Dollar Milkshake Theory with a friend, but absolutely impossible to do so with credibility when it’s being explained on Pompliano’s channel

[cdistasio]

Very interesting video... Really appreciated this guys point of view on the dollar

[ddstar]

What brent gets wrong is rate differentials and the fact that for a decade, money has been doing exactly that. The kryptonite of his theory lies with the US consumer.

[ScottMcFadyen]

As a gold bug I don't think the dollar is going to zero. I think that inflation is going to out pace interest rates such that it will make more sense to park value in gold rather than suffer negative real rates. Also, there's been a dirty of cap ex in the gold space over the last decade. Reserves are declining and output isn't increasing.

[barbaraherda]

2:01 “...a default makes money disappear...”. Which tells you fiat currency is NOT money, as real money NEVER disappears, it only ever changes hands.
2:07 “...original basis that it was all loaned into existence...”. Further evidence fiat currency is not worthy of being called money, as you do NOTHING PRODUCTIVE to get it.
This is why founding fathers specifically wrote into the Constitution that only gold and silver could be used to settle debt payments, Article 1, sections 8 & 10.

[brandonderrick]

You should bring on Jeff Booth. He killed Real Vision.

[muaddib]

What of they barter the debt with something else that can be turned into dollars on another transaction?

[ReflectingEnergy]

All this talk of milkshakes sure makes me thirsty

[maxban]

Thanks to Mr Carlton Jefferson for coming through for me after several lost

[charlesputnam]

You need to do a debate with Shiff he thinks dollar is gonna crash
.

[philiscoolerthanu]

DYX 90.19
12.21.2020
"Gravity always wins" - Radiohead

[tellmemoreplease]

The major reason the petrol dollar is up is oil is way up.
The US gov trying to shut off Russian oil sales has pushed up oil prices, as a reasonable person would expect.
Now the Europeans (for example) must sell their currency to buy even more dollars to buy the same amount of oil, increasing demand for the petrol dollar.
They are desprate to keep the dollar strong despite printing trillions of dollars.