On today's edition of "Boiler Room," Alfonso Peccatiello is joined by Brent Johnson of Santiago Capital for a discussion on the US dollar. Known for his popular dollar milkshake theory, Brent says the U.S dollar wrecking ball is wounding the global economy. Recession looms as markets continue their sell-off, financial conditions tighten, and emerging markets scramble to pay off dollar-denominated debt — capital is just starting to get sucked down the dollar black hole. Just how badly will this end for global balance sheets? You’ll have to tune in to find out. --  Follow : https://twitter.com/SantiagoAuFund Follow Alfonso: https://twitter.com/MacroAlf  Follow Blockworks: https://twitter.com/Blockworks_  Subscribe To The Macro Compass: https://themacrocompass.substack.com/  Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/ -- Referenced In The Show: Total credit to non-bank borrowers by currency of denomination: U.S Dollar https://stats.bis.org/statx/srs/table/e2?m=USD&f=pdf ECB Is Discussing Crisis Strategy as Well as Pandemic Program Reinvestments: https://www.bloomberg.com/news/articles/2022-06-15/ecb-is-discussing-crisis-strategy-as-well-as-pepp-reinvestments#xj4y7vzkg -- Timestamps: (00:00) Introduction (00:41) The Dollar Milkshake (05:57) U.S Dollar Denominated Debt (14:00) Rising Dollar, Gold, Equities & Rates (18:50) The Dollar Black Hole -- Disclaimer: Nothing discussed on Boiler Room should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.