Commodities – Cognitive Dollar Dissonance
Featuring John Butler
Published on: October 7th, 2015 • Duration: 15 minutes • Asset Class: Commodities • Topic: US Dollar
John Butler from Amphora Capital brings us a preview of an upcoming keynote presentation in Cognitive Dollar Dissonance, discussing why the paradigm of the dollar as the reserve currency is unchallenged despite a growing body of evidence that may suggest that a role shift is needed.Comments
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SLVery poorly formatted, circuitous and verbose....please stop being patronizing.....get to the point faster
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DSThere is nothing new here. The Chinese government lost fortunes selling US dollars and investing in gold and Euro bonds. What will humans value next week, next year, next decade? That is the ???
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MMthought provoking, nice short video
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ACCommodities as hard assets, sure. Diversified portfolio of gold, silver(?), a shipload of iron-ore?. Real Estate also another hard asset but in that scenario, liquidity would be an issue. Gold miners?
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JAExcellent job. Clear, logical thinker, and well spoken presentation.
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CDGreat piece John! There are nations wanting to see the end of US hegemony and $ dominance that are already building their gold reserves.
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DMhard to know what WILL happen but key point is understanding range of possibilities is much wider thn narrow MSMedia talk. ❤️ analogy to complex contortions needed to maintain earth centric view
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CCSounds like a D day. If it will really happen, yr gold holding will be forfeit. Riots will be all over the world.
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JBDear All: Thank you for your thoughtful comments. Here is a link to my recent paper on this topic: http://amphora-alpha.com/wp-content/files_mf/1444340215AR_1015.pdf
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AKThought provoking, outside the box thinking - really enjoyed this piece, by John.
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JBFinally he maybe right but this is just another gold bug talking to a friendly audience at the Sydney gold conference!
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wwIs this just more wishful thinking by hard assets believers/ investors (such as myself)? “Markets can stay irrational, longer than investors can stay SOLVENT”...
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DPUnlikely? In monetary and economic history generally, less-surprising things than what John posits have happened with, perhaps, less justification. An elegant and well-conceived essay.
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SJThoroughly engaging and eloquent delivery of lateral thinking at its best. Thank you for bringing it all together. Will chase your presentation for more.
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GRThe big thinkers won’t consider the historical solution as they wish to avoid the limitations of absolute value in favor of flexibility of relative value. However that flexibility is the problem.
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RMIntelligent and thought provoking. There is only two ways out: deflation/default/depression. default(with selective austerity imposed i.e. the game)/debasement of fiat to inflate way out to reset.
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THLogical and convincing. If you ask the Chinese or the Russians, remonetizing gold could well happen. The west, thinking indide its box of complacency, strongly disagrees.
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PWGood one. Sure glad I'm part of the minority, if a shift in monetary policy happens, cause when main stream sees this is possible, it will be to late!
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MSGiven the stupidity of policymakers it will probably be preceded by a BIG crisis. Maybe after the introduction of SDR's?
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BDWow! A fabulously simple explanation of how the monetary system is hanging on to the old paradigm. Due to the massive, worldwide sovereign debt, a remonetization of gold sounds quite reasonable!
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TJBreathtakingly brilliant outside the box thinking. I wouldn't bet against John being right. Can't wait for the full presentation.
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ELExcellent paradigm shift thinking regarding the dollar reserve currency status and fiat currencies generally. Great piece.