Paul Buitink talks to Brent Johnson, founder of Santiago Capital and inventor of the Dollar Milkshake Theory.Brent first gives his opinion on the euro in the light of the NATO summit and higher defense expenses in the eurozone, which would lead to more deficits and higher debt levels. He laughs about Lagarde saying the euro would play a more important role in the future. On the contrary, he expects the eurozone to go back to easy money and yield curve control.He explains why central banks hold gold and why they most likely won't do a full revaluation.Brent also talks about Trump's dollar policy and whether he wants a strong or weak dollar. It's also a timing issue because while he re-industrializes the US he first needs an expensive and afterwards a weak dollar. For now there is also no need for a Plaza or Mar-A-Lago accord given the current price.Is the dollar still king? Will there come a new gold standard? Does the US have all the gold they claim, or maybe even more? And what's the role of stable coins? All these things are addressed by Brent Johnson. At the end he also gives his expectation of what could trigger a new sovereign debt crisis and the manifestation of his dollar milkshake theory.Brent Johnson: "Central bankers aren't STUPID, want to keep the gold for themselves."More info about Brent:https://x.com/SantiagoAuFundhttps://santiagocapital.com/Follow Paul Buitink on X:https://x.com/paulbuitinkTimestamps:0:00 Intro1:47 Eurozone troubles5:47 Milkshake Theory and role of gold7:25 Central banks appetite for gold11:54 Trump's dollar policy17:10 When does a high dollar break things?21:06 Plaza and Mar-A-Lago accord22:45 New Gold Standard?24:41 Gold revaluation29:00 Fort Knox and US gold reserves31:54 Stable coins and eurodollar system36:04 US vs BRICS38:30 Triggers for new sovereign debt crisis42:33 Santiago Capital
