The Dollar Milkshake Theory: A Global Currency Crisis
June 1, 2020
38 min
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255 of 638
June 1, 2020
The Dollar Milkshake Theory: A Global Currency Crisis
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The Rich Dad Channel Episodes Around June 1, 2020
Episode 255 of 638 — walk the feed in the order it was published.
38:05This episodeThe Dollar Milkshake Theory: A Global Currency Crisis
Summary
Central banks have created a "milkshake" of different currencies and pushed liquidity into the global economy. As of 2016, the US started raising rates while the rest of the world was "mixing" the milkshake. As a result, raising rates acts as a straw that sucks the capital into the United States. <br /> So what is the outlook in the post-coronavirus economy? Brent Johnson, CEO of Santiago Capital, explains the "Dollar Milkshake Theory," what impact the strong dollar will have on gold and Bitcoin, and why comparisons of currency strength are all relative. In addition, he explains that a strong dollar is good for the U.S., however, the global economy is not meant to support a strong dollar and could mean we will see a "reset" of currency. <br /> Listen as hosts Robert and Kim Kiyosaki and guest Brent Johnson discuss what assets will perform in 2020 and how you can prepare for the future. <br /> <br /> Website: <a href="http://santiagocapital.com" rel="noopener">http://santiagocapital.com</a><br /> Learn more about your ad choices. Visit megaphone.fm/adchoices
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