Jason Burack of Wall St for Main St interviewed returning guest, CEO of Santiago Capital http://www.santiagocapital.com/, Brent Johnson.
Is there a #DollarShortage in China as Kyle bass has claimed? What about in emerging markets?
In the past, Brent worked as a money manager for banks and larger firms before becoming a gold fund manager.
During this 30+ minute, Jason asks Brent about his views on the global macro situation. Brent expects things to get a lot worse but for the demand for US Dollars to keep increasing. According to Brent's estimates there's about $11 trillion dollars in dollar denominated debt outstanding globally and almost $2 trillion dollars of it is coming due in the next 12 months.
Jason also asks Brent about the Chinese bank failures that have gone public in the last 3 or so weeks, China's economy, if emerging markets will get emergency liquidity from the Fed and also gold and gold mining.
Brent thinks that China will be having civil unrest in 12 months due to food shortages and rising food prices.
Jason Burack is an investor, entrepreneur, financial historian, Austrian School economist, and contrarian. Jason co-founded the startup financial education company Wall St for Main St, LLC, to try to help the people of Main Street by teaching them the knowledge, skills, research methods, and investing expertise of Wall Street. You can also find Jason's work at his blog website at www.jasonburack.com.