Is the U.S.A the good guy, or merely the lesser of all evils?
This week Brent Johnson and Jon Kutsmeda shine truth on what it means to be the hegemon, and why those predicting an imminent demise of the U.S. empire misunderstand the game of thrones being played.
This and more on the latest episode of MILKSHAKES MARKETS MADNESS.
*** If you are new to the show, please read the LEARN MORE section, which follows the chapter timestamps below. ***
------------------------------- FULL-LENGTH EPISODE 76 (May 12, 2024) ------------------------------- The full-length episode is a weekend release that dives deeper into the biggest themes from the prior week. Expect longer discussions and video playback times of over 30 minutes.
*** More information about Milkshakes, Markets, Madness, and the hosts, can be found after the chapter timestamps below. ***
------------------------------- CHAPTERS Season 02, Episode 18 ------------------------------- https://youtu.be/p2PEC-6REyY
00:00 – Intros
01:11 – Lessons from Game of Thrones
10:35 – Understanding power and geopolitics
32:29 – Fiscal Dominance and the Twin Deficits
35:22 – Role of the Treasury General Account (TGA)
40:05 – Dollar Milkshake Theory and the Imperial Cycle
44:48 – Weaponizing the U.S. Dollar
52:22 – The human need for certainty
59:27 – Government Power and its influence
1:09:35 – Closing Remarks
1:10:39 – Outros / Disclaimer
------------------------------- BIG TAKEAWAYS ------------------------------- • The dollar milkshake theory is often misunderstood and misconstrued by critics.
• Lessons from Game of Thrones can provide insights into how power and geopolitics work.
• The current debt-based monetary system is mathematically guaranteed to crash at some point.
• Fiscal dominance and the twin deficits play a significant role in the US economy and the global financial system.
• The concept of weaponizing the dollar refers to the ability of the US government to use its control over the currency to exert pressure on other countries.
• Human behavior is driven by a need for both certainty and variety, and this influences how people interpret and respond to economic and political narratives.
• Government power and influence are present in all countries, and it is important to critically evaluate claims of moral superiority or evilness in any particular government.
------------------------------- CONNECT WITH US ------------------------------- To make sure you always get your weekly dose of Madness, please subscribe to our YouTube channel @MilkshakesPod
You can follow Brent Johnson on Twitter at @SantiagoAuFund.
--------------------------------- JOIN THE MADNESS --------------------------------- Share your thoughts with a comment on the YouTube Channel and hit the SUBSCRIBE button while you are here!
Until then, don't be bashful, share with us any madness you come across during the week.
--------------------- LEARN MORE ---------------------- Every week, Brent Johnson and Jon Kutsmeda invite you to share a laugh at their favorite Twitter tantrums, and the madness of financial markets.
If you are tired of drawn out, jargon filled, boring financial podcasts, then tune in for Milkshakes, Markets, & Madness to enjoy the lighter side and off-topic discussions that include sports, politics, memes, travel, and whatever fun they find during the week.
For anyone who is unfamiliar with our hosts, or new to the Dollar Milkshake Theory, please visit our website http://MilkshakesPod.com and read the "About Us" page to learn more.
