Open Book with Anthony Scaramucci

In this episode, my good friend Michael Novogratz and I break down why the global monetary order is under real stress, from a weakening dollar and exploding gold prices to the deeper political and social consequences of currencies losing trust. Drawing on my trip to the World Economic Forum in Davos, history, and current markets, we explain why this moment matters for everyone — not just investors — and what happens when money stops being a reliable store of value.

Michael Novogratz is the Founder and CEO of Galaxy Digital. He was formerly a Partner and President of Fortress Investment Group LLC. Mr. Novogratz served on the New York Federal Reserve’s Investment Advisory Committee on Financial Markets from 2012 to 2015. He serves as the Chairman of The Bail Project and has made criminal justice reform a focus of his family’s foundation.

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Marcia Dawood is an early-stage investor, serves on the SEC's Small Business Capital Formation Advisory Committee, is a venture partner with Mindshift Capital, and is a member of Golden Seeds. She is chair emeritus of the Angel Capital Association, a global society for angel investors. Marcia is an associate producer of the documentary Show Her the Money, a TEDx speaker, and hosts The Angel Next Door podcast.

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Dan Wang is a research fellow at Stanford University’s Hoover History Lab. Previously, he was a fellow at the Yale Law School’s Paul Tsai China Center. His writing has appeared in the New York Times, Foreign Affairs, the Financial Times, New York Magazine, Bloomberg Opinion, and The Atlantic.

Anthony Scaramucci is the founder and managing partner of SkyBridge, a global alternative investment firm, and founder and chairman of SALT, a global thought leadership forum and venture studio. He is the host of the podcast Open Book with Anthony Scaramucci. A graduate of Tufts University and Harvard Law School, he lives in Manhasset, Long Island.

📚 Get a copy of my books:

From Wall Street to the White House and Back ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://amzn.to/47fJDbv⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠

The Little Book of Bitcoin ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://amzn.to/47pWRmh⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠

The Little Book of Hedge Funds ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://amzn.to/43LbM83⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠

Hopping over the Rabbit Hole ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://amzn.to/3LaykJb⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠

Goodbye Gordon Gekko ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://amzn.to/47xrLYs⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠

🎙️ Check out my other podcasts:

📱 Follow Anthony on Social Media

YouTube - ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.youtube.com/@therealanthonyscaramucci

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Welcome back to All Things Markets—Michael Novogratz and I are diving deep into the money in politics, the crypto legislation battle unfolding on Capitol Hill, and why the banking lobby might be winning fights it shouldn't. Novo has just returned from Washington with some sobering insights about Citizens United, lobbying power, and why the smart money is betting big on digital assets despite the headwinds.

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Professor Klaus Schwab founded the World Economic Forum in 1971 as an independent platform for dialogue among business, government, academia, and civil society. Under his leadership, it became a key global institution promoting public-private collaboration and shaping ideas like stakeholder capitalism and the Fourth Industrial Revolution. With his wife, Hilde, he created the Schwab Foundation for Social Entrepreneurship to foster innovation and social impact worldwide. In 2025, he launched the Schwab Academy to prepare leaders for the emerging Intelligent Age.

Anthony Scaramucci is the founder and managing partner of SkyBridge, a global alternative investment firm, and founder and chairman of SALT, a global thought leadership forum and venture studio. He is the host of the podcast Open Book with Anthony Scaramucci. A graduate of Tufts University and Harvard Law School, he lives in Manhasset, Long Island.

📚 Get a copy of my books:

From Wall Street to the White House and Back ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://amzn.to/47fJDbv⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠

The Little Book of Bitcoin ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://amzn.to/47pWRmh⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠

The Little Book of Hedge Funds ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://amzn.to/43LbM83⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠

Hopping over the Rabbit Hole ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://amzn.to/3LaykJb⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠

Goodbye Gordon Gekko ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://amzn.to/47xrLYs⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠

🎙️ Check out my other podcasts:

📱 Follow Anthony on Social Media

YouTube - ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.youtube.com/@therealanthonyscaramucci

Learn more about your ad choices. Visit podcastchoices.com/adchoices

Welcome back to Open Book—happy new year. This episode is a rapid-fire Q&A, where I tackle everything from books and Bitcoin to Trump, AI, legacy, and what actually matters in a complicated, noisy world, with no talking points and no filter.

Anthony Scaramucci is the founder and managing partner of SkyBridge, a global alternative investment firm, and founder and chairman of SALT, a global thought leadership forum and venture studio. He is the host of the podcast Open Book with Anthony Scaramucci. A graduate of Tufts University and Harvard Law School, he lives in Manhasset, Long Island.

📚 Get a copy of my books:

From Wall Street to the White House and Back ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://amzn.to/47fJDbv⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠

The Little Book of Bitcoin ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://amzn.to/47pWRmh⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠

The Little Book of Hedge Funds ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://amzn.to/43LbM83⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠

Hopping over the Rabbit Hole ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://amzn.to/3LaykJb⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠

Goodbye Gordon Gekko ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://amzn.to/47xrLYs⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠

🎙️ Check out my other podcasts:

📱 Follow Anthony on Social Media

YouTube - ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.youtube.com/@therealanthonyscaramucci

Learn more about your ad choices. Visit podcastchoices.com/adchoices

In this conversation, Michael and I dig into a world that feels like it’s coming unglued—regime change risks abroad, populism at home, and a Federal Reserve under political pressure. We discuss inequality, hard assets, Bitcoin, and why markets continue to rally despite the ground under American democracy feeling less stable than it should.

Michael Novogratz is the Founder and CEO of Galaxy Digital. He was formerly a Partner and President of Fortress Investment Group LLC. Mr. Novogratz served on the New York Federal Reserve’s Investment Advisory Committee on Financial Markets from 2012 to 2015. He serves as the Chairman of The Bail Project and has made criminal justice reform a focus of his family’s foundation.

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Edward Luce is the Financial Times’s chief US commentator and columnist. He is the author of three acclaimed books: The Retreat of Western Liberalism (2017), Time to Start Thinking: America in the Age of Descent (2012), and In Spite of the Gods: The Strange Rise of Modern India (2007). He appears regularly on CNN, NPR, MSNBC’s Morning Joe, and the BBC. 

Get a copy of his brilliant book Zbig: The Life of Zbigniew Brzezinski, America's Great Power Prophet

Anthony Scaramucci is the founder and managing partner of SkyBridge, a global alternative investment firm, and founder and chairman of SALT, a global thought leadership forum and venture studio. He is the host of the podcast Open Book with Anthony Scaramucci. A graduate of Tufts University and Harvard Law School, he lives in Manhasset, Long Island.

📚 Get a copy of my books:

From Wall Street to the White House and Back ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://amzn.to/47fJDbv⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠

The Little Book of Bitcoin ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://amzn.to/47pWRmh⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠

The Little Book of Hedge Funds ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://amzn.to/43LbM83⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠

Hopping over the Rabbit Hole ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://amzn.to/3LaykJb⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠

Goodbye Gordon Gekko ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://amzn.to/47xrLYs⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠

🎙️ Check out my other podcasts:

📱 Follow Anthony on Social Media

YouTube - ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.youtube.com/@therealanthonyscaramucci

Learn more about your ad choices. Visit podcastchoices.com/adchoices

Tom Freston is a cofounder of MTV and the former CEO of Viacom, where he oversaw Paramount Pictures. Before his Viacom roles, he ran MTV Networks for seventeen years, overseeing Nickelodeon, VH1, Comedy Central, and other legendary networks. He is a board member of Imagine Entertainment and a board member emeritus of both the American Museum of Natural History and the think tank New America.

Anthony Scaramucci is the founder and managing partner of SkyBridge, a global alternative investment firm, and founder and chairman of SALT, a global thought leadership forum and venture studio. He is the host of the podcast Open Book with Anthony Scaramucci. A graduate of Tufts University and Harvard Law School, he lives in Manhasset, Long Island.

📚 Get a copy of my books:

From Wall Street to the White House and Back ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://amzn.to/47fJDbv⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠

The Little Book of Bitcoin ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://amzn.to/47pWRmh⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠

The Little Book of Hedge Funds ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://amzn.to/43LbM83⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠

Hopping over the Rabbit Hole ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://amzn.to/3LaykJb⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠

Goodbye Gordon Gekko ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://amzn.to/47xrLYs⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠

🎙️ Check out my other podcasts:

📱 Follow Anthony on Social Media

YouTube - ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.youtube.com/@therealanthonyscaramucci

Learn more about your ad choices. Visit podcastchoices.com/adchoices

Welcome back to another conversation with me, Anthony Scaramucci and my good friend Mike Novogratz. We cut through the noise to talk about what’s really driving markets right now—from Venezuela and geopolitics to why stocks, crypto, and commodities all look like they want to move higher at the same time. We also dig into debt, power, AI, and the uncomfortable truth that asset prices are booming while a lot of people still feel left behind.

Michael Novogratz is the Founder and CEO of Galaxy Digital. He was formerly a Partner and President of Fortress Investment Group LLC. Mr. Novogratz served on the New York Federal Reserve’s Investment Advisory Committee on Financial Markets from 2012 to 2015. He serves as the Chairman of The Bail Project and has made criminal justice reform a focus of his family’s foundation.

Learn more about your ad choices. Visit podcastchoices.com/adchoices