TFTC: A Bitcoin Podcast #672: China's Rare Earth Dominance and the End of Dollar Hegemony with Luke Gromen
43 snips
Oct 18, 2025 
In this engaging conversation, Luke Gromen, a macro analyst and founder of FFTT, dives into China's rare earth dominance and its implications for U.S. manufacturing. He explores the shift from Treasury bonds to gold as a primary reserve asset, and the challenges of reshoring industry. Gromen discusses the risks of U.S. monetary policy and how China is establishing an alternative gold network. He also touches on the urgent need for skilled trade education and the long-term consequences of currency debasement, making a compelling case for Bitcoin as a competing reserve asset.
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China's Rare Earth Leverage
- China holds decisive leverage via rare earths and can cut off supplies used in U.S. weapons systems.
- Luke argues this changes geopolitical bargaining power and forces the U.S. to secure its own supply chains.
Gold As A Parallel Settlement Network
- China is building monetary and settlement alternatives to protect itself from U.S. coercion.
- Luke sees rising gold prices and de-dollarization moves as integral to that strategy.
Gold Rising With Dollar Means Systemic Shift
- Rising gold alongside a strong dollar signals the end of the post‑1971 dollar/treasury reserve structure.
- Luke claims gold has become the primary reserve asset, not U.S. treasuries.
