The Fed's Milkshake Brings All the Foreigners to the Yard

Brent Johnson of Santiago Capital created the "dollar milkshake" theory, which says that in a global sovereign debt crisis, the USD, gold, and US stock market will all rise. He joins Bob for a friendly disagreement over the dynamics of a decline in foreign demand to hold USD. The ZeroHedge Debate: https://Mises.org/HAP437a Bob's Post-Game Analysis of the Debate: https://Mises.org/HAP437b Brent Johnson Explains The Dollar Milkshake Theory: https://Mises.org/HAP437c Bob's Article, 'What Does "Debt-Based" Money Imply for Interest Payments?': https://Mises.org/HAP437d