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It was once famously said that, the dollar is our currency and the rest of the world's problem.
Perhaps true, but one problem shared by all lately has been inflation.
Although the U.S. government lacks the responsibility to reign in the fiscal profligacy causing the ever-rising cost of living, it does have the power to reduce the price of at least one thing. Oil.
Correction, the power is in the hands of the President, and the magical power he controls is the Strategic Petroleum Reserve (SPR).
So, what's a President to do with such a power when their approval rating is at a record low?
Simple. Drain the SPR and sell the oil to hopefully bring down the price.
But, has Biden crossed a red line with this attempt to win votes?
Is the recent move higher in oil price the beginning of runaway inflation or will the central bank put out the flames with one final rate hike?
These pressing questions, and more, are tackled by the Milkshakes Duo in a broad weekend discussion that covers global monetary policy, oil price manipulation, and the RE-dollarization of the world.
Learn more on the latest Milkshakes, Markets, Madness Show.
• Dangerously low U.S. emergency oil supplie...
** If you are new to the show, please read the LEARN MORE section, which follows the chapter timestamps below. **
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FULL-LENGTH EPISODE
(Season 01, Episode 40)
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The full-length episode is a weekend release that dives deeper into the biggest themes from the prior week. Expect longer discussions and video playback times of over 30 minutes.
** More information about Milkshakes, Markets, Madness, and the hosts, can be found after the chapter timestamps below. **
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DRAINED BONE DRY
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00:00 – Video intro (26 seconds)
00:28 – Title screen and disclaimer
00:30 – Channel segment explainer
02:23 – Inflation data reaction
04:26 – Rate hike odds
09:39 – Lag effect
11:52 – Credibility and animal spirits
16:20 – Oil and the SPR
26:18 – Power to the President
31:06 – ECB hike fuels dollar rally
33:18 – Argentina dollarization
37:34 – Austerity and prosperity
41:53 – The wrap-up
43:24 – Outro
43:38 – Disclaimer
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LEARN MORE
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Every week, Brent Johnson and Jon Kutsmeda invite you to share a laugh at their favorite Twitter tantrums, and the madness of financial markets.
If you are tired of drawn out, jargon filled, boring financial podcasts, then tune in for Milkshakes, Markets, & Madness to enjoy the lighter side and off-topic discussions that include sports, politics, memes, travel, and whatever fun they find during the week.
For anyone who is unfamiliar with our hosts, or new to the Dollar Milkshake Theory, please visit our website http://MilkshakesPod.com and read the "About Us" page to learn more.
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JOIN THE MADNESS
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Share your thoughts with a comment on the YouTube Channel and hit the SUBSCRIBE button while you are here!
Join us for multiple episodes each week.
The full content schedule can be found here on the ABOUT page:
/ @milkshakespod
Until then, don't be bashful, share with us any madness you come across during the week.
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CONNECT WITH US
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To make sure you always get your weekly dose of Madness, please subscribe to our YouTube channel @MilkshakesPod
You can follow Brent Johnson on Twitter at @SantiagoAuFund
You can follow Jon Kutsmeda on Twitter at @JonKutsmeda
More links to the show, including your favorite podcast feed, can be found at https://linktr.ee/milkshakespod.
#oilprice #inflation #usdollar
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