This Macro Voices episode features an interview with Jim Bianco discussing a potential new monetary world order, dubbed the "Mar-a-Lago Accord," speculated to be under consideration by the Trump administration. The interview details the Accord's three prongs: tariffs used as leverage, a US Sovereign Wealth Fund monetizing assets (including potentially Bitcoin), and a debt swap with NATO countries exchanging debt for long-term, zero-yield Treasury bonds in exchange for continued US military protection. Bianco explains the potential implications, including a possible devaluation of the dollar and increased geopolitical tensions, while also expressing his own concerns about the plan's viability and potential inflationary consequences. The discussion concludes with Bianco's perspective on the potential impact on various asset classes, particularly gold and bonds.
