Breaking The Global Dollar System | Freya Beamish

Freya Beamish, Chief Economist at TS Lombard, joins Jack to argue why American tariff policy is accelerating a transition to a multi-polar international monetary order. She estimates that U.S. and China will reach a deal lowering tariffs to ~30% levels and shares her views on bonds and gold. Recorded on April 14, 2025. Follow Freya Beamish on Twitter https://x.com/freyabeamish Follow Jack Farley on Twitter https://x.com/JackFarley96 Follow Monetary Matters on: Apple Podcast https://rb.gy/s5qfyh Spotify https://rb.gy/x56dx5 YouTube https://rb.gy/dpwxez Timestamps 00:00 Intro 00:52 Are Changes In International Monetary Order Afoot? 03:24 Desire To Hold U.S. Assets Is Being Challenged By U.S. Policy 22:04 Elements of High Demand For USD Assets 30:34 How Much Is U.S. Dollar Overvalued? 35:18 U.S. Dollar and Chinese Yuan Policies: Which Currency Will Weaken More Against The Other? 41:30 Recapitalization of China's Banking System 46:54 10% Tariff On World Ex China, Higher Tariff on China Member list 48:21 10% Tariff Not Big Enough To Cause U.S. Recession 54:33 "Art of The Deal" Re: Tariff Negotiations 59:22 Timeline of Tariff Impacts 1:02:54 Asset Allocation View 1:05:57 Gold And Dollar As Reserve Assets #stocks #tradewar #investing #tariffs #inflationstrategies #trumptariffs #bonds #hedgefunds #economy #recession #stockmarketcorrection #usdollar #uschinaconflict #chinaeconomy #dollar #dollarcollapse #eurodollar