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TransAtlantic TakeAway

Author: Brent Johnson, John Butler & Gene Morris

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One question a week, argued from both sides, with no scoreboard.


Brent Johnson of Santiago Capital and John Butler, author of The Golden Revolution Revisited, agree on more than you would expect and still reach different conclusions. Brent reads the world through the dollar pulling in global stress and holding its place at the top. John reads it through gold moving back toward the centre as the dollar order frays. Neither is trying to win.


Each week they take one serious question (markets, geopolitics, the arguments that move capital) and put it under real pressure for thirty to sixty minutes. One subject taken seriously rather than five skimmed.


Every episode closes on The Takeaway. A day or two after the argument, each of them records alone and blind, five to ten minutes, with his own recommended course of action. Not a joint conclusion, not a split-the-difference compromise. You get to watch where an honest argument actually leads two people who heard exactly the same thing.


No running tally of who was right. Markets hand everybody a hot streak, usually just before the luck turns. You are here to think alongside two people who end up in different places.


Produced by Gene Morris.


3 Episodes
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Every mainstream school of economics says a country running chronic twin deficits should watch its currency weaken. The dollar has ignored them for decades. Brent Johnson and John Butler both accept the premise, then split hard on what it means for your money. Butler, an Austrian-school thinker and author of The Golden Revolution Revisited, sees the petrodollar cracking, central banks repatriating gold out of New York, and the twin deficits finally undermining the dollar against gold. Johnson...
Brent Johnson and John Butler agree Europe is in serious trouble. Then they split on what happens next, and the gap is worth real money. Butler argues the euro could crack, France keeps sliding toward one of the lowest sovereign credit ratings in the bloc, and out of that wreckage Germany and its eastern neighbours turn Russian gas back on and become some of the fastest growing economies in the developed world. Poland, he points out, has already passed Britain and France in per capita income ...
John Butler thinks the single most important number in the world is one almost nobody watches: the US current account deficit, chronic for two generations, the source of every dollar sloshing around the planet. The Austrian school taught him that what cannot go on forever will not. So why, if America is a chronic debtor, is the trade weighted dollar still historically strong? Brent Johnson has an answer, and it is not Butler's. This is the first outing for a show built on a simple premise: tw...
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