Adam Taggart | Thoughtful Money, Released on 11/6/25

Dollar Milkshake Theory creator, Brent Johnson sits down with me at the New Orleans Investment Conference to offer a detailed look into the rise and future role of USD stablecoins, which are being heartily embraced by the Trump Administration. Why exactly? In short, Brent sees the new stablecoin strategy as not just a means to soak up the $trillions in Treasury bonds that the US government will issue over the new year — it’s an entirely new currency system. It’s a new form of sovereign control. I’m highly confident this must-listen discussion will blow your mind.

0:00 – Brent’s Mind-Opening Report on Stablecoins
3:43 – Definition of a Stablecoin
4:05 – Stability in Price, Not Value
4:47 – Why Stablecoins Were Invented
5:22 – Bitcoin’s Volatility Limits as Currency
6:39 – Stablecoin as Digital Dollar
7:47 – Benefits Without Banking System
8:00 – Early Skepticism on Stablecoins
9:03 – Backing with US Treasury Bills
9:45 – Benefits for US Treasury Debt
11:39 – De-Dollarization as a Myth
12:19 – Re-dollarization Through Stablecoins
15:42 – History of Eurodollar Market
17:31 – SWIFT System as Global Nervous System
19:59 – Programmable Nature of Stablecoins
28:08 – Currency as Tool for Sovereign Control
30:07 – Stablecoins as Empire Strikes Back
31:39 – Battle Lines: Countries, Financial Citizens
35:20 – Governments’ Monopoly on Violence for Control
36:01 – Potential Chaos and Gold as a Put on the System
37:05 – Separating Domestic vs. Eurodollar Systems
39:27 – CBDC Fears Back on the Table
42:04 – No Need for Full Banking System Post-Stablecoins
45:02 – Feedback on the Report and Pushback
47:09 – Investing Strategy: Own Hard Assets
49:51 – Brent’s Neutral Stance on Dollar Despite Theory

Brent Johnson is the CEO of Santiago Capital and publisher of The Macro Alchemist. Brent brings twenty five years of experience in the financial markets to his position as CEO of Santiago Capital where he manages the portfolios of high net worth individuals and families via separate accounts and private funds. Brent worked more than nine years as a Managing Director at BakerAvenue, a $2 Billion Asset Manager and Wealth Management firm. Before joining BakerAvenue, Brent spent nine years at Credit Suisse in their private client group. He joined Credit Suisse in the fall of 2000. Earlier in his career, Brent was a financial auditor for Philip Morris Management Company in New York City.

Adam Taggart is the Founder of Thoughtful Money. He is also Co-Founder and former President of Peak Prosperity. Adam is an experienced Silicon Valley internet executive and Stanford MBA. Prior to partnering with Chris Martenson (Adam was General Manager of our earlier site, ChrisMartenson.com), he was a Vice President at Yahoo!, a company he served for nine years. Before that, he did the ‘startup thing’ (mySimon.com, sold to CNET in 2001). As a fresh-faced graduate from Brown University in the early 1990s, Adam got a first-hand look at all that was broken with Wall Street as an investment banking analyst for Merrill Lynch. Most importantly, he’s a devoted husband and dad.
Luke Gromen

  Adam Taggart, brent johnson, Crypto, dollar, money, stablecoins