IV: Brent Johnson, CEO Santiago Capital

I met Bernt Johnson of Santiago Capital, the "dollar milkshake guy," on an airplane and found him to be that rare combination of insightful and reasonable that made me want to stay in touch with his thinking. It turns out that some overzealous gold bugs have misrepresented his thesis. He's not against gold—nor is his thesis inherently strong dollar—it's about why the dollar is strong when it is. As that has implications for the commodities speculation I focus on, I wanted to get his latest take, which he graciously agreed to share. This is important stuff, so please give it a listen...