In this episode of the Gold Exchange podcast, two experts on monetary mechanics debate de-dollarization.

Brent Johnson, head of Santiago Capital and the creator of the Dollar Milkshake Theory argues that systemic de-dollarization without chaos is nearly impossible due to the entrenched dollar-based debt system.

Robert Murphy, a Senior Fellow with the Mises Institute and the chief economist at infineo, argues that a shift in preferences away from the US dollar is already underway without causing major defaults.

Bob and Brent explore the implications of these perspectives on global finance, the potential role of gold going forward, and the resilience of the US dollar amidst rising geopolitical and monetary tensions.

Additional Resources
Earn Interest on Gold and Silver
Bob Murphy
Brent Johnson
How to Earn Passive Income in Gold and Silver
World's first gold bond

Podcast Chapters
00:00 - Intro to the Gold Exchange Podcast
01:00 - Guest Introductions: Bob Murphy and Brent Johnson
01:50 - Overview of De-dollarization Perspectives
03:41 - Brent's Perspective on De-dollarization Impact
04:56 - Bob's Perspective on De-dollarization
06:50 - Clarifying the Exogenous vs. Endogenous Debate
08:01 - Brent's Explanation of Systemic Deleveraging
11:08 - Bob's Rebuttal: Asset vs. Liability Dynamics
13:44 - The Role of the US Dollar in Global Markets
18:53 - Discussion on the Dollar's Resilience
25:18 - The Euro-dollar Market and Network Effects
32:19 - Market-Based Solutions for Currency Alternatives
39:12 - The Role of Gold and Other Assets
45:02 - The Future of the Dollar and Financial Systems
57:40 - Closing Remarks and Future Outlook