IL38: Our Dollar, Your Problem ft. Kenneth Rogoff

<p><strong>What if the most dangerous thing in the global economy isn’t a shock — but the quiet collapse of the frameworks we still rely on?</strong></p><p>In this rare, unfiltered conversation, <strong>Kenneth Rogoff</strong> — Harvard professor and former IMF Chief Economist — joins <strong>Kevin Coldiron</strong> to confront the reality that’s too uncomfortable for most policymakers to admit:</p><blockquote><br /></blockquote><blockquote>The world has changed. The models haven’t.</blockquote><blockquote><br /></blockquote><p>Rogoff explores what happens when inflation refuses to respond, debt compounds beneath the surface, AI reshapes productivity, and geopolitics redraws the map — while central banks keep playing by yesterday’s rules.</p><p>This isn’t a call for panic. It’s a call for intellectual honesty.</p><p>Because in a world where the past no longer explains the present, clarity is the only edge that matters.</p><p>If you manage capital — or ideas — in a world built on assumptions, this episode is for you.</p><p><strong>-----</strong></p><p><strong>50 YEARS OF TREND FOLLOWING BOOK AND BEHIND-THE-SCENES VIDEO FOR ACCREDITED INVESTORS - </strong><a href="https://dunncapital.com/DUNN%2050-Year%20Book-TTU" rel="noopener noreferrer" target="_blank"><strong>CLICK HERE</strong></a></p><p>-----</p><p><br /></p><p>Follow Niels on <a href="https://twitter.com/toptraderslive" rel="noopener noreferrer" target="_blank"><strong>Twitter</strong></a>, <a href="https://www.linkedin.com/in/nielskaastruplarsen" rel="noopener noreferrer" target="_blank"><strong>LinkedIn</strong></a>, <a href="https://www.youtube.com/user/toptraderslive" rel="noopener noreferrer" target="_blank"><strong>YouTube</strong></a><strong> </strong>or via the <a href="https://www.toptradersunplugged.com/" rel="noopener noreferrer" target="_blank"><strong>TTU website</strong></a>.</p><p><strong>IT’s TRUE </strong>? – most CIO’s read 50+ books each year – get your FREE copy of the Ultimate Guide to the Best Investment Books ever written&nbsp;<a href="https://www.toptradersunplugged.com/Ultimate" rel="noopener noreferrer" target="_blank"><strong>here</strong></a>.</p><p>And you can get a free copy of my latest book “<strong>Ten Reasons to Add Trend Following to Your Portfolio</strong>” <a href="https://www.toptradersunplugged.com/10-reasons-shownotes" rel="noopener noreferrer" target="_blank"><strong>here</strong></a>.</p><p>Learn more about the Trend Barometer <a href="https://www.toptradersunplugged.com/resources/market-trends/" rel="noopener noreferrer" target="_blank"><strong>here</strong></a>.</p><p>Send your questions to&nbsp;<a href="mailto:info@toptradersunplugged.com%22%20%5Ct%20%22_blank" rel="noopener noreferrer" target="_blank">info@toptradersunplugged.com</a></p><p>And please <strong>share this episode</strong> with a like-minded friend and <strong>leave an honest Rating &amp; Review</strong> on&nbsp;<a href="https://www.toptradersunplugged.com/reviewttu" rel="noopener noreferrer" target="_blank"><strong>iTunes</strong></a>&nbsp;or <a href="https://open.spotify.com/show/2OnOvLbIV3AttbFLxuoaBW" rel="noopener noreferrer" target="_blank"><strong>Spotify</strong></a> so more people can discover the podcast.</p><p>Follow Kevin on <a href="https://kevincoldiron.substack.com/" rel="noopener noreferrer" target="_blank"><strong>SubStack</strong></a> &amp; read his <a href="https://riseofcarry.com/" rel="noopener noreferrer" target="_blank"><strong>Book</strong></a>.</p><p>Follow Kenneth on <a href="https://x.com/krogoff?lang=en" rel="noopener noreferrer" target="_blank"><strong>X</strong></a><strong> </strong>and <a href="https://www.amazon.com/Curse-Cash-Large-Denomination-Constrain-Monetary/dp/0691178364" rel="noopener noreferrer" target="_blank"><strong>read his book.</strong></a></p><p><strong>Episode TimeStamps: </strong></p><p><strong>02:01 - </strong>Introduction to Kenneth Rogoff</p><p><strong>03:04 - </strong>What is at stake if the dollar loses its dominance?</p><p><strong>09:13 - </strong>How Trump tariffs are destroying the dollar</p><p><strong>13:27 - </strong>What are the alternatives to the dollar dominance?</p><p><strong>19:18 - </strong>How increased military spending could strengthen the European currencies</p><p><strong>27:19 - </strong>The Chinese Yuan is evolving</p><p><strong>36:01 - </strong>The potential for alternative stable coins</p><p><strong>43:25 - </strong>The perks of currency dominance</p><p><strong>44:26 - </strong>Why dollar dominance gives us lower rates</p><p><strong>52:05 - </strong>Are we entering a new era of currencies?</p><p><strong>54:55 - </strong>What form will the financial repression take?</p><p><strong>59:24 - </strong>How Rogoff would deal with the U.S debt</p><p><strong>01:03:21 - </strong>We are gambling on rates</p><p><strong>01:06:31 - </strong>Its time for the profession to wake up</p><p>Copyright © 2025 – CMC AG – All Rights Reserved</p><p>----</p><p><strong>PLUS:</strong> Whenever you're ready... here are 3 ways I can help you in your investment Journey:</p><p><strong>1. eBooks that cover key topics that you need to know about </strong></p><p>In my eBooks, I put together some key discoveries and things I have learnt during the more than 3 decades I have worked in the Trend Following industry, which I hope you will find useful. <a href="https://www.toptradersunplugged.com/resources/ebooks/" rel="noopener noreferrer" target="_blank"><strong>Click Here</strong></a></p><p><strong>2. 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