Challenges of Deflation and Debt, Role of Energy in Financial Systems

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This chapter explores the challenges of debt payments in the face of deflation, the potential default crisis, and the role of treasury bonds. It also delves into the intertwined dynamics of deflation, inflation, and energy in the financial system, highlighting the significance of energy in relation to money, debt, and global economies.

“Energy is the base layer of money” - that’s how our guest Luke Gromen puts it in today’s episode.

Luke is an Author and Investor who gives us a completely new way to look at money, through the lens of energy costs.

The essential learning of today’s show is that you can’t understand money until you understand energy markets. Apart from that Luke explains why the price of oil is about to force a monetary system change, why the 60/40 portfolio is dead and much more.

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------ TIMESTAMPS

0:00 Intro 5:57 Luke’s Thesis 12:23 Energy lens 23:23 Arc of the Dollar 28:31 Why Oil? 31:31 Energy as a Denominator 38:12 Energy Price Changes 45:31 Energy Miracles 59:22 Monetary System Change 1:10:41 Capital Controls 1:18:12 Future of the US 1:24:56 How to Prepare 1:30:37 Closing & Disclaimers

------ RESOURCES

Luke Gromen https://x.com/LukeGromen

FTT, LLC https://fftt-llc.com/

Luke Gromen Weekly Newsletter https://fftt-treerings.com/

Visualizing the History of Energy Transitions https://www.visualcapitalist.com/visualizing-the-history-of-energy-transitions/

------ Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures⁠