Luke Gromen, a macroeconomic expert and author of the FFTT newsletter, shares his insights on the evolving relationship between Bitcoin and global finance. He discusses the historical link between high federal receipts and recessions, the connection between stablecoins and T-bill demand, and how fiscal policy failures could elevate Bitcoin's importance. Gromen also explores potential U.S. dollar devaluation as a debt management strategy and the impact of global liquidity trends on Bitcoin adoption, all while emphasizing the shifting dynamics in international tariff negotiations.

In this discussion, Luke Gromen, the founder of FFTT LLC, shares his insightful analysis on the precarious state of the U.S. dollar amidst escalating debt. They dive into how money printing distorts economic realities and examine the intricate relationship between government policies and corporate efficiencies. Gromen explores the potential for Bitcoin and gold as stabilizing forces in a turbulent economy, the implications of high national debt, and the shifting dynamics in global currency strategies. His perspectives challenge conventional views on inflation and the future of money.

In this fascinating discussion, Luke Gromen, founder of Forest For The Trees, and Michael Every, global strategist at Rabobank Singapore, delve into the high-stakes implications of the upcoming U.S. presidential election. They explore the potential economic strategies of both Kamala Harris and Donald Trump, focusing on the future of the U.S. dollar and military power's impact on global stability. The conversation also addresses China's use of gold and NATO's actions in Ukraine, examining their effects on international financial relationships and energy resources.

Author and Investor Luke Gromen discusses how energy costs are the base layer of money, signaling a potential shift in the monetary system. He explains why the 60/40 portfolio is obsolete, the impact of energy price changes on the monetary system, and the role of energy in shaping empires and currencies. The conversation also touches on the transition towards using gold in global trade dynamics and the implications of an evolving financial system.

Luke Gromen, a macro economist, discusses the Fed/Treasury cap on USD, UST yields, housing inflation metrics, transmission interconnection backlog, $1.8 trillion housing stimulus, key commodities like copper and uranium, Japan treasury market, stablecoins impact on dollar's utility, and how these factors could influence Bitcoin.

Luke Gromen, an expert in monetary policy and precious metals, shares his insights on the shifting landscapes of global finance. He discusses the rising importance of gold as a safe-haven asset amid inflation, and how energy-producing nations are pivoting towards gold over U.S. debt. The conversation dives into China’s economic strategies, influencing U.S. Treasury dynamics, and how geopolitical tensions affect markets. Gromen emphasizes the changing investor sentiment around commodities and the potential of gold to outperform traditional assets.

Forest for the Trees founder Luke Gromen discusses the trajectory of the dollar, implications of a weaker dollar, potential deals, banking regulations, investment decisions, commodities, energy markets, market analysis, price predictions, and Uranium market trends.

✨ DEBRIEF ✨ | Ryan & David's Unfiltered Thoughts on the Episode: https://shows.banklesshq.com/p/128-luke-gromen-debrief  Luke Gromen is a macro analyst and founder of Forest for the Trees, a research company which helps investors find the signal. Luke is another one of our big macro brained guests in the same vein as Lyn Alden, Raoul Pal, and Jim Bianco. On this episode, Luke unpacks how macro got this bad, what the end game looks like, why this is the scariest macro setup Luke has seen in 20+ years, and how to prepare. The fog of what’s going on is thick, but we're on a quest to find out what in the world is going on. Knowing this is key to understanding the next steps crypto takes. Buckle up. ------ 📣Rhino.Fi | Massive Mystery Airdrop https://bit.ly/3o9trRE  ------ 🚀 SUBSCRIBE TO NEWSLETTER: https://newsletter.banklesshq.com/  🎙️ SUBSCRIBE TO PODCAST: http://podcast.banklesshq.com/  ------ BANKLESS SPONSOR TOOLS: 🌱 LENS | ACCESS CODE: WAGMI https://bankless.cc/Lens  🚀 ROCKET POOL | ETH STAKING https://bankless.cc/RocketPool  ⚖️ ARBITRUM | SCALING ETHEREUM https://bankless.cc/Arbitrum  🦁 BRAVE | THE BROWSER NATIVE WALLET https://bankless.cc/Brave  🌉 JUNO | BRIDGE FIAT TO LAYER 2 https://bankless.cc/Juno  ⚡️ ZKSYNC | THE LAYER 2 SCALING ENDGAME https://bankless.cc/zkSync  ------ Topics Covered: 0:00 Intro 6:08 Scariest Macro Setup In 20+ Years 14:15 Why This is the End 22:10 How’d We Get Here 26:45 Bursting Sovereign Debt Bubble 36:45 Fed Data Interpretation 42:42 How the End Game Plays Out 1:01:21 The Affect on The Average Person 1:07:35 U.S. Middle Class vs. Treasury Holders 1:14:58 The Future of Assets & Currencies 1:20:20 What Happens to Energy Commodities? 1:25:40 Equities, Gold, & Crypto 1:31:46 How to Prepare 1:36:50 Closing & Disclaimers ------ Resources: Luke Gromen https://twitter.com/LukeGromen  Forest Through the Trees https://fftt-treerings.com/  Luke’s Youtube Channel https://www.youtube.com/c/LukeGromenFFTTLLC  Lyn Alden https://youtu.be/XaHuwUDd1C8  Jim Bianco https://youtu.be/VMNmxFzKI64  ----- Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research. Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here: https://newsletter.banklesshq.com/p/bankless-disclosures 

Luke Gromen, an investor and macro analyst, shares his provocative views on the future of the economy and the role of Bitcoin. He predicts significant market shifts in the next year and discusses how Trump's policies could reshape the U.S. economy. Gromen also explores the implications of a strengthening dollar as a hidden threat and likens Bitcoin to 'the new oil'—a vital asset in this evolving landscape. He speculates on Bitcoin's potential as a strategic military asset and its skyrocketing prospects amidst global economic changes.

Luke Gromen, Founder of Forest for the Trees, deconstructs the dollar-bond yield relationship and discusses the consequences of a rising dollar on US treasury markets, western sovereign debt markets, and US banks. The tension between China, Russia, and the United States is explored, with a focus on potential economic strategies to harm the US. The limitations of treasuries as a stable asset are analyzed, along with their alternatives. The relationship between treasury yields, stock market performance, and deficits is explained, while crude oil prices and gasoline demand are discussed, indicating a potential recession.