The Julia La Roche Show

#222 Luke Gromen: 'Devalue The Dollar First' | Why DOGE Without Dollar Weakening Would Be 'Catastrophic

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Dec 24, 2024
Guest
Luke Gromen
Luke Gromen, founder of FFTT, dives into the shifting influences on U.S. economic policy, arguing that the Department of Defense now plays a pivotal role. He warns that failing to devalue the dollar before implementing efficiency cuts could lead to catastrophic outcomes. Gromen discusses the need for substantial military spending to rebuild the defense industrial base and shares his investment strategy favoring gold and Bitcoin. He also explores the potential for a strategic Bitcoin reserve to rebalance global trade, highlighting the urgent economic changes ahead.
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INSIGHT

DOD-Driven Economics

  • The Department of Defense (DOD) now drives US economic policy, not the Federal Reserve.
  • This shift prioritizes geopolitical strategy over bond market concerns.
INSIGHT

Defense Over Debt

  • US interest expense exceeding defense spending historically signals hegemonic decline.
  • The DOD will prioritize defense over appeasing bond markets.
INSIGHT

Inflationary Reshoring

  • Reshoring efforts will cause significant supply chain disruptions, leading to secular inflation.
  • The currency, not bonds, will act as the release valve.
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