# Episode 29 with Alfonso Peccatiello Page: https://stenobird.com/podcast/strong-source-6696850/episode-29-with-alfonso-peccatiello Text version: https://stenobird.com/podcast/strong-source-6696850/episode-29-with-alfonso-peccatiello.md Podcast: [Strong Source](https://stenobird.com/podcast/strong-source-6696850) Published: 2025-11-21T15:21:50+00:00 Episode link: https://rss.com/podcasts/strong-source/2340447 Audio file: https://content.rss.com/episodes/285574/2340447/strong-source/2025_11_21_15_20_34_d4b91986-b5f6-4615-87da-0f0033d169c0.mp3 Processing state: not_requested JSON: https://stenobird.com/v1/public/podcasts/strong-source-6696850/episodes/episode-29-with-alfonso-peccatiello Duration seconds: 4543 ## Resource 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. ## Actions - request_transcript: `POST https://stenobird.com/v1/public/podcasts/strong-source-6696850/episodes/episode-29-with-alfonso-peccatiello/transcription-requests` — Idempotently request low-priority transcript generation for this episode. - read_markdown: `GET https://stenobird.com/podcast/strong-source-6696850/episode-29-with-alfonso-peccatiello.md` — Read the agent-friendly Markdown representation of this episode resource. A page view does not enqueue transcription. Agents should invoke `request_transcript` explicitly when they need this episode processed. ## Transcript Full transcripts are not published on public pages unless there is a clear rights basis.