About this episode

Alfonso Peccatiello discusses the workings of the global dollar system and the factors contributing to the U.S. dollar's dominance.

In this episode, Alfonso Peccatiello, Founder & CIO of Palinuro Capital and creator of The Macro Compass, breaks down how the global dollar system truly works. He explains why commodities priced in USD force countries to recycle dollars into U.S. Treasuries, how government deficits and private-sector leverage create money, and why the U.S. dollar remains dominant despite recurring predictions of its decline. A clear, accessible deep dive into macro forces shaping markets today.

People in this episode

Guest: Alfonso Peccatiello

Topics covered

• global dollar system
• commodities
• U.S. dollar dominance
• government deficits
• macro forces
• financial markets

Keywords

• dollar system
• commodities
• U.S. Treasuries
• government deficits
• macro economics
• financial markets
• Alfonso Peccatiello

Mentioned in this episode

Organizations: Palinuro Capital

Books & works: The Macro Compass

Places: U.S., U.S. Treasuries

More episodes of Strong Source

• Episode 32 - with Jan Kees van der Wild · April 16, 2026 · 1h 8m
• Episode 31 - with Anthony Britton · March 25, 2026 · 56 min
• Episode 30 with Nicholas Bond · January 23, 2026 · 1h 0m
• Episode 28 with Gert-Jan van den Akker · September 26, 2025 · 1h 16m
• Episode 27 with Alex Sanfeliu · July 18, 2025 · 50 min
• Episode 26 with Denis Zaica · June 27, 2025 · 1h 8m

Explore listener stats, chart rankings, contacts and more on the Strong Source podcast page.