The global economy had been running higher for over a decade, and the coronavirus has been a major speed bump. But what happens when central banks have replaced the airbag with a dagger? This is the very question that Hugh Hendry, founder and former CIO of Eclectica Asset Management, explores alongside Luke Gromen, president and founder of Forrest for the Trees. Hendry and Gromen explore the fate of the U.S. dollar through the lens of Charles Kindleberger’s theory about “monetary hegemony.” They analyze the various interest rates and current accounts of different countries and break down how these nations manage their exposure to commodity risk. Filmed on July 20, 2020. Hugh’s report, “The Dawn of Chaos,” can be accessed here: https://rvtv.io/3fX1uHd