What Bitcoin Did BITCOIN & THE END OF THE DOLLAR SYSTEM w/ Luke Gromen
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Mar 24, 2025 
Luke Gromen, founder of FFTT and expert on global macro trends, discusses the looming U.S. sovereign debt crisis and rising inflation. He explores the impact of capital outflows, the need for policy reforms, and Bitcoin's potential as a neutral reserve asset. Gromen critiques existing economic strategies while considering how the U.S. might adopt Bitcoin or issue Bitcoin-backed bonds. He highlights the geopolitical implications of moving away from the dollar system and Bitcoin's emerging role in financial stability.
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Unusual Actions and Theories
- Scott Besson and Howard Lutnick, despite their successful careers, are acting unusually.
- This raises theories about their intentions, such as driving down the equity market to save the bond market.
Hedge Funds and Treasury Volatility
- Relative value hedge funds, major buyers of treasuries, are sensitive to equity volatility.
- Increased equity volatility leads to treasury selling, impacting the treasury market.
Shifting US Financial Role
- The US's role as the world's bank and laundromat needs to change.
- This involves reversing capital flows, ideally into domestic productive assets.