The Dollar Milkshake Theory

Brent Johnson is a member of the Real Vision Finance guru cabal. Real Vision was started in 2014 by Raoul Pal (Argentinian). Grant Williams and Kyle Bass (all things China) are two other ‘don’t miss’ informants.

No sooner had I submitted this analysis than President Erdoğan of Turkey made the following remarks in response to a currency crisis in his country: “Those who keep dollar or euro currency under their mattresses should come and turn them into liras or gold.”  Jim Rickards 

First day back home I went to see my July 2nd HSBC Turkish banker. The last time I had a face to face conversation with an American banker was with Tommy Schilling at our weekly Follett Lions club luncheons, catered by Grandpa’s quick stop.

I have spent November and 3/4 ths of December telling everybody on two cruise ships, as well as friends & family in Houston, Monterey, Sonoma and Iowa City, that Turkey is the only country in the world with Gold bank accounts.

Ms July 2nd advised me that now was a good time to buy dollars with gold since $$ were going up against the Lira. Last year, her HSBC Istanbul HQ currency account transfer tip garnered $145 on the swap.

The Federal Reserve along with the other Central Banks have created a giant Fiat currency milk shake. The United States uses the straw to return the contents home in dollars.

You can play the FX market in Euros, Pounds, Dollars, Danish Krone, Gold or whatever fiat currency you want in your account. However, I used Toastmasters Speech 8: Get Comfortable with Visual Aids to share with Ms July 2nd “The Dollar MilkShake Theory.”