Bankless The End of the Petrodollar | Luke Gromen
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Jun 10, 2024 
Join Luke Gromen, an author and investor renowned for his insights into energy markets and monetary systems, as he redefines the relationship between energy and money. He discusses the imminent transformation of the monetary system driven by oil prices and the decline of traditional investment portfolios. Gromen unpacks the shift away from the petrodollar, the economic implications of China's financial strategies, and strategic investment approaches for navigating today's volatile markets.
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Deflationary AI Paradox
- AI and robotics will boost productivity, ultimately leading to deflation.
- This deflation clashes with the current debt-based monetary system, which relies on growth.
Energy as Money's Foundation
- Energy is the base layer of money because human work expends energy.
- Borrowing money represents a promise of future energy expenditure.
Empire and Energy
- Empires require vast energy resources to maintain themselves.
- Control and access to cheap energy is often obscured from the public.
