Macroscopic Podcast

Francis Hunt, market analyst focused on macroeconomics, debt dynamics and precious metals, explains why the global system may be headed for a debt‑fiat breakdown. He covers private credit liquidity risks, how oil moves can engineer inflation to debase debt, rising yields and dollar dynamics, stablecoins’ limits versus sovereign issuance, and why gold is the primary lifeboat.

Brent Johnson, founder of Santiago Capital and macro commentator on monetary systems, stablecoins, and precious metals. He explores how stablecoins might reshape global commerce and U.S. monetary influence. He discusses dollar dominance, risks from eurodollar dynamics, the onshore versus offshore stablecoin battle, and how stablecoins could bypass banks and alter geopolitics.

Michael Every, macro and geopolitics analyst who links statecraft and historical patterns; Whitney Baker, macro strategist focused on debt dynamics and supply-chain fragilities; Brent Johnson, macro investor emphasizing deglobalization and dollar dynamics; Francis Hunt, gold-focused market commentator and capital-preservation advocate. They debate deglobalization, dollar resilience, supply-chain strain, private credit fragility, gold and practical preparedness.

Izabella Kaminska, financial journalist focused on markets, commodities and China. Brent Johnson, market strategist known for dollar and capital flow analysis. John Butler, author on monetary history and gold remonetization. Whitney Baker, macro analyst specializing in sound‑money and monetary history. They debate gold’s return as a monetary anchor, China’s gold strategy, oil trade settlement in gold, East vs West pricing and tokenized gold/stablecoin roles.

Whitney Baker, an investment professional focused on macro and emerging markets, explains why the monetary system is fragile and due for a reset. She discusses hidden leverage and mounting stress in private credit. The conversation covers global liquidity peaks, energy and geopolitical risks, why emerging markets can be more resilient, and the role of gold as a monetary hedge.

John Butler, gold industry veteran advocating gold as a monetary anchor. Izabella Kaminska, payments journalist focused on stablecoins and plumbing. Michael Every, geoeconomics strategist on economic statecraft. Brent Johnson, Santiago Capital founder known for the Milkshake Theory on dollar dominance. Whitney Baker, macro credit specialist tracking late‑cycle leverage. They debate dollar dominance, stablecoins reshaping monetary rails, gold’s potential remonetisation, and geopolitics driving monetary change.

Michael Every, global strategist at Rabobank known for grand macro strategy and statecraft. He discusses the breakdown of the old global order and the return of hard power. He explores energy chokepoints, military and economic intertwining. He examines bipolarity between the US and China, Europe’s vulnerability, and why markets may struggle to price this new world.

Rick Rule, veteran natural-resources investor with five decades in mining and precious-metals investing. He explains contrarian timing like buy hate, sell love. He discusses why gold led, why miners often lag, why royalty/streaming structures appeal, and why most junior miners are non-viable. He also outlines practical exposure lanes from bullion and royalties to developers and explorers.

Jan Nieuwenhuijs, data forensic analyst and founder of The Gold Observer, reveals covert moves in global gold flows. He discusses China’s accelerated accumulation and why PBOC reserves may be much larger than reported. He explains Europe’s long-running gold equalization, non-dollar settlement rails, gold tokenization, and how these forces could drive a dramatic repricing.

Louis-Vincent Gave, Hong Kong–based macro investor and CEO of GaveCal, shares bold takes on global reflation, commodity breakouts, and why US tech pressure pushed China to industrial upgrade. He argues China leapfrogged manufacturing, explains RMB and Hong Kong dollar roles, and lays out why Chinese equities look more attractive amid energy-driven macro risks.