What the report covers
- 01The structure. How the dollar came to occupy its role in trade, reserves, and debt markets, and why that role has been stable for decades.
- 02The pressures. The fiscal, geopolitical, and monetary developments that are testing the arrangement, described without sensationalism.
- 03The history. How assets including gold, commodities, equities, and bonds have behaved during previous currency regime transitions.
- 04The positioning. How Felix thinks about making a portfolio robust to the scenario, which is different from betting that it will happen.
Who wrote it
Felix Prehn is an economist and former investment banker who founded Goat Academy. His research reports apply the analytical method taught in the Wall Street Protocol to macroeconomic themes. He has been featured by Yahoo Finance and the Associated Press. Related reports in the series, including The Global Monetary Reset and The Fed Lost The Wheel, are on the resources page.
The report is educational. It describes a scenario and how assets have historically behaved; it is not a prediction and not a recommendation to buy or sell anything.
Goat Academy is an online financial education institution founded by economist and former investment banker Felix Prehn. It is published by Skillset Solutions FZ-LLC.
Goat Academy provides education only. Nothing on this site is financial, investment, or tax advice, and no outcome, return, or income is promised or implied. Trading and investing carry risk, including the loss of capital.
Questions about this page can be sent to [email protected].