On today's edition of "Boiler Room," Alfonso Peccatiello is joined by Hugh Hendry host of the "Acid Capitalist" podcast. Hugh spent 15 years, from 2002 - 2017, as CIO of his macro hedge fund Eclectica Asset Management. Since closing the fund in 2017, Hugh now resides in Saint Barthélemy investing in luxury hotels, surfing & thinking about markets. Providing his outlook for markets throughout 2022, Hugh predicts smart money will soon wake up and price in the "mother of all economic recessions". Hugh goes on to explain how the U.S dollar system is broken in it's current state but to hear that, you'll have to tune in! -- Follow Hugh: https://twitter.com/hendry_hugh Follow Alfonso: https://twitter.com/MacroAlf Follow Blockworks: https://twitter.com/Blockworks_ Subscribe To The Acid Capitalist: https://spoti.fi/3lMe9RI 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/ -- Timestamps: (00:00) Introduction (00:47) Drawing Historical Parallels To Todays Market (04:16) Is There More Pain To Come In Markets? (06:51) Are We Facing A De-Leveraging (13:24) Money & Inflation (20:10) The Fed Does NOT Create Money  (26:23) Central Banks Are Trapped -- 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.