Shows
Reinvent MoneyLuke Gromen - "NATO Countries Buying Up All the Silver"Paul Buitink talks to macro analyst Luc Gromen, founder of FFTT.They discuss the escalation between protesters and ICE in the US as well as the risks of civil war. Luke analyses Trump's performance so far and weighs in on how Europe should respond to escalations. Selling of treasuries and repatriation of gold are amongst the options.Luke believes Trump is like a cornered animal and the world could move to autarky.He believes gold is the only way out of the debt crisis and could go ninefold. Europe, US and Japan are behaving like emerging countries given their...
2026-01-2751 min
Coffee and a MikeLuke Gromen #1297Luke Gromen is the founder and president of Forest for the Trees (FFTT), a macroeconomic research firm that serves institutional and private investors. He talks why northeast Ohio is a great place to live, America the Empire vs. America the Country, Fourth Turning, data centers, China, dollar reserve tradeoff, gold, bitcoin, and much more. PLEASE SUBSCRIBE LIKE AND SHARE THIS PODCAST!!! Watch Show Rumble- https://rumble.com/v74pmbs-why-us-gold-is-flowing-to-china-luke-gromen.html YouTube- https://youtu.be/lYYF1HjnCZo Follow Me X- https://x.com/CoffeeandaMike ...
2026-01-221h 53
Coin Stories with Natalie BrunellLuke Gromen: Dollar System is Breaking and Markets Aren't ReadyLuke Gromen, founder of FFTT, joins Natalie Brunell to break down the accelerating breakdown of the post-1971 dollar reserve system, and what it means for Bitcoin, gold, global trade, and geopolitical stability. Topics: Why Japan may be closest to a sovereign debt crisis as yields spike to historic levels How gold has overtaken U.S. Treasuries in global reserves Is the U.S. selling gold that's making its way to China?! Capital rotation away from risk assets and into gold Why Bitcoin still trades like high-beta tech, for now Why Luke sold his Bitcoin and isn't buying back...
2026-01-201h 21
The Mustard Seed—a bitcoin and long-term thinking podcastDeflationary Crunch, The Big Print & Buying Bitcoin Back Lower w/ Luke GromenIn this episode, Luke Gromen explains why U.S. fiscal math is breaking down, why the Fed is being forced toward monetization, and why real assets are quietly reasserting themselves as paper systems weaken. We discuss the growing divide between the financial world and the physical world, China’s long-term commodity strategy, AI-driven labor disruption, and what these shifts mean for bitcoin, gold, and institutional capital.Timestamps:00:00 - Introduction and setting the macro context00:50 - Trump, the Fed, and why deficit monetization is unavoidable03:20 - Why U.S. fi...
2026-01-1459 min
Miles Franklin MediaDollar Decline Is the Plan: Gold & Bitcoin to Compete as Neutral Reserve Asset | Luke GromenMichelle Makori, President & Editor-in-Chief of Miles Franklin Media, speaks with Luke Gromen, Founder & President of Forest for the Trees (FFTT), about why a seismic monetary shift is already underway and why the outcome has effectively been decided.Gromen explains how the Trump administration is deliberately engineering a weaker U.S. dollar to reshore manufacturing, why central banks around the world have replaced Treasuries with gold for over a decade, and how a “gold pivot” could reset the global system. He also reveals why Bitcoin may be America’s chosen asset to compete with gold as the next neutra...
2026-01-141h 30
Monetary Matters with Jack Farley“Mother All Crises” | Luke Gromen on America’s Choice Between AI Dominance and Real Value of Treasury MarketToday's episode is brought to you by Teucrium. Learn more at: https://bit.ly/4gfI0fe
Luke Gromen of Forrest For The Trees argues that the US is facing the "Mother of All Crises": a forced choice between losing the AI race to China or destroying the US Treasury market. In this deep dive, we cover why the electrical grid is the ultimate bottleneck, why Bitcoin is flashing a warning signal for 2026, and the mathematical path to $15,000 gold. Recorded December 1, 2025.
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2025-12-101h 33
Bankless“The Debasement Trade” - Luke Gromen on Gold, Bitcoin & The 100 Year ResetLuke Gromen makes the case that “debasement” isn’t a trade, it’s the new regime. We unpack why assets look strong in dollars yet stagnate in gold/Bitcoin terms, the global reserves shift back toward gold, how a U.S. gold reprice to $10k–$20k could fund a balance-sheet reset, the risks of “paper gold,” Bitcoin’s potential catch-up (and a possible East=gold, West=BTC split), AI as an accelerant, and a pragmatic portfolio framework for navigating a 100-year reset.------📣SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24 https://bankless.cc/spotify-premium
2025-11-0300 min
The Vance Crowe PodcastLuke Gromen "print the money or trigger the revolution"In this episode, Vance Crowe sits down with economist and FFTT founder Luke Gromen to unpack where inflation, debt, and commodities are pushing the global financial system—and what that means for farmers, savers, and investors. They explore how slow, sustained inflation erodes trust and value, why central banks keep choosing to “print the money or trigger the revolution,” and why gold and Bitcoin function as stores of energy in a world of rising fiscal strain. Luke explains the growing shift to pricing oil and other commodities outside the US dollar, the implications of central banks buying gold, the Cantil...
2025-10-281h 14
What Bitcoin DidHas the Debt Spiral Started? | Luke GromenLuke Gromen is the founder of Forest for the Trees. In this episode, we discuss why the U.S. debt cycle is reaching a breaking point, how AI and geopolitics are accelerating structural change, and why we could be witnessing the endgame of the fiat era.
We get into why stablecoins may represent the next phase of the petrodollar system, the rise of financial repression, the return of inflation as a political tool, and why gold and Bitcoin are the only real safe havens this decade.
He also lays out how AI threatens the debt-based...
2025-10-151h 20
Macro VoicesMacroVoices #499 Has The Luke Gromen Moment Arrived?MacroVoices Erik Townsend & Patrick Ceresna welcome, Luke Gromen. They’ll discuss gold to bitcoin to stocks. And of course no Luke Gromen interview would be complete without an update on Luke’s outlook for the U.S. Dollar. https://bit.ly/4nn8U9t
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2025-09-251h 32
Onramp Bitcoin MediaThe 100-Year Reset with Luke Gromen: Gold, Bitcoin, and Fiat’s DemiseConnect with Onramp // Onramp Terminal // Luke Gromen on X // Luke's Research (FFTT)The Last Trade: a weekly, bitcoin-native podcast covering the intersection of bitcoin, tech, & finance on a macro scale. Hosted by Jackson Mikalic, Michael Tanguma, & Brian Cubellis. Join us as we dive into what bitcoin means for how individuals & institutions save, invest, & propagate their purchasing power through time. It's not just another asset...in the digital age, it's The Last Trade that investors will ever need to make.00:00 – Introduction & macro setup03:41 – Gold & bitcoin lead the cycle
2025-08-291h 18
BTC SessionsMacro Update: Bitcoin’s Path to $1,000,000 & Global Monetary Reset | Luke GromenMentor Sessions Ep. 022: Luke Gromen on Bitcoin, Dollar Devaluation, and Global Power ShiftsWhat if the chaos—wild news cycles, economic policy flip-flops, and geopolitical drama—isn’t random, but a red flag of a massive shift unfolding now? In this unmissable Mentor Sessions interview, macro guru Luke Gromen, FFTT’s prediction savant, decodes the Washington's panic, dollar devaluation’s knock on effects, and military technology’s role in reshaping global finance. Bitcoin isn’t just a hedge—it’s a potential reserve asset in a world of fiscal policy chaos and inflation. From digital currency d...
2025-07-291h 00
On The Tape with Danny MosesLuke Gromen: Black Diamond Markets & The Avalanche of WorryIn this episode of On the Tape, Luke Gromen, founder and president of Forest for the Trees, returns to discuss current market trends. Luke anticipates that the back half of 2025 may be positive for risk assets due to benefits from the tax bill, deregulation, and dollar weakness, though he maintains long-term concerns. He sees gold and Bitcoin benefiting from market volatility and explores the implications of the dollar's decline as the world's reserve currency. The discussion also covers the Federal Reserve's strategies, tariffs, and China's influence on global conflict dynamics. Luke shares insights on why he remains net bullish...
2025-07-0943 min
The Julia La Roche Show#269 Luke Gromen: The Fiscal Situation Is Completely Cooked - Powell Faces Impossible Choice, Get Out of Government Bonds Into Hard AssetsLuke Gromen, founder of FFTT, joins the Julia La Roche Show for episode 269 for his latest macro update. Gromen argues the US government is in fiscal dominance, spending over 100% of tax receipts on entitlements and interest payments alone. He says Fed Chair Powell faces a binary choice between crushing the dollar through inflation or crushing the bond market through higher rates. Gromen notes that funding currency relationships between the yen and dollar have broken down, signaling both central banks are cornered. He advocates getting out of government bonds and into hard assets like gold and Bitcoin, predicting that retail...
2025-06-2753 min
ITM Trading PodcastLuke Gromen: US Braces for Capital Controls as Global Trade Reset Begins“If one believes that this is a restructuring of the global trading system, as a lot of people do, then it is fait accompli, the United States is no longer going to have open capital account,” says Luke Gromen, founder and president of Forest for the Trees (FFTT). He explains to Daniela Cambone that if the US keeps its capital account open while China restricts capital flows, it risks becoming a source of funds for a heavily indebted global economy during trade disruptions. “Everybody wants to get their money out of China. Chinese say no. Then they go... to the US...
2025-05-3029 min
Less Noise, More SignalLuke Gromen: US capital controls are inevitable! Here’s what you need to knowIn this conversation, Luke Gromen and Pascal Hügli discuss the complexities of the current economic landscape, focusing on capital controls, tariff strategies, and the implications of the U.S. dollar's reserve status. They emphasize the contradictions in U.S. economic policies and the need for a neutral reserve asset to address imbalances. Gromen argues that bitcoin is perfectly positioned for global capital controls and would thus profit tremendously. The discussion also highlights the challenges faced by the US in projecting military power and managing its debt, as well as the potential for a shift towards a new monetary o...
2025-05-2251 min
The MaxLife Podcast with Ben Laws#10: The Battle for Truth: Markets, AI, and the Inner Game with Luke GromenIn this timely episode, Luke Gromen—known for forecasting global macro shifts—pulls back the curtain to explore how entrepreneurs can navigate truth in a world shaped by AI, liquidity, and narrative-driven markets.Host Ben Laws and Luke trace massive inflection points—9/11, 2008, and today’s tech revolution—and uncover the deeper emotional patterns behind courage, intuition, and self-trust.More than finance, this is about clarity in complexity. How do we make sense of the noise? And how do we bet on ourselves when the rules keep changing?For high performers, these insights g...
2025-05-151h 36
Coffee and a MikeLuke Gromen #1130Luke Gromen is the founder and president of Forest for the Trees (FFTT), a macroeconomic research firm that serves institutional and private investors. He talks what the Trump administration is attempting to do, gold, bitcoin, devaluation of the dollar, China, centralization, how people should best prepare, and much more. PLEASE SUBSCRIBE LIKE AND SHARE THIS PODCAST!!! WatchShow Rumble- https://rumble.com/v6t1uvv-two-solutions-default-or-inflate-away-the-debt-luke-gromen.html YouTube- https://youtu.be/098CRipITpE Follow Me X- https://x.com/CoffeeandaMike IG- https://www.instagram.com/coffeeandamike/...
2025-05-071h 05Coin Stories with Natalie BrunellLuke Gromen: Is Trump Triggering 'Sudden Stop' in Economy? Gold, Bitcoin, Stocks and Macro OutlookNatalie Brunell is joined by prominent analyst Luke Gromen to share a critical macro update on the U.S. economy, the debt spiral, and what it means for gold and Bitcoin. He explains why the current path is unsustainable—and how investors can prepare. Topics covered include: - Why cutting government spending could crash the economy The dangerous "order of operations" policymakers are ignoring How gold, and eventually Bitcoin, could replace U.S. Treasuries as reserve assets Why Wall Street is in denial about what's coming The role of negative real rates and financial repression - Wh...
2025-04-0349 minOn The Tape with Danny MosesLuke Gromen: Finding Gold Among a Forest Full of TreesDanny Moses hosts Luke Gromen, founder and president of Forest For The Trees, on the On the Tape Podcast. The discussion revolves around significant market shifts since 2023, including fiscal spending and dominance, inflation, and global financial trends. Luke delves into how post-2020 fiscal policies, particularly in the U.S., have led to inflationary pressures and evolving debt dynamics. He explains the impact of Federal Reserve policies and the role of fiscal dominance in shaping market outcomes. Luke also discusses the shifting roles of gold and Bitcoin as alternative assets, amidst rising debt and geopolitical tensions. They explore the implications...
2025-03-1952 min
Futures Edge Show: Finance Unfiltered with Jim Iuorio and Bob IaccinoLuke Gromen on Tariffs, Gold & Bitcoin: A Financial Reset?Is the U.S. economy at a turning point?Renowned macroeconomic strategist Luke Gromen, Founder & President, Forest for the Trees (FFTT) and Author of "The Mr. X Interviews, Volumes I & II," joins the conversation to break down the complexities of the current financial landscape. He offers his insights on the bond market’s liquidity challenges, the impact of government spending, the intricate relationship between the stock market and treasury yields, and the shifting role of gold and Bitcoin as reserve assets.He returns to the Futures Edge with Jim Iuorio and Bob Iaccino to explore the soft implementation of yi...
2025-03-0559 min
Podcast Notes Playlist: BusinessLuke Gromen: Why the CIA Doesn’t Want You Owning Gold, & Is Fort Knox Lying About Our Gold Reserve?The Tucker Carlson Show
Key Takeaways “Gold, on some level, is a hedge – an insurance policy – against the existing system, as it has been allowed to evolve over the last 50 years.” – Luke Gromen Gold serves as an anchor to reality: Establishment powers do not want gold to come back into the system because it is easier to run fiscal deficits without it Throughout history, the first thing that autocrats tend to do once they seize power is remove the convertibility of their currency to goldYou are a free person as long as you can convert your currency into...
2025-03-051h 39
Monetary Matters with Jack FarleyLuke Gromen: Foreigners To Dump Bonds If U.S. Dollar Continues To StrengthenThis Monetary Matters episode is brought to you by VanEck. Learn more about VanEck Uranium & Nuclear ETF: http://vaneck.com/NLRJackInvesting involves substantial risk and high volatility, including possible loss of principal. Visit vaneck.com or call 800.826.2333 to read and consider the prospectus, containing the investment objective, risks, and fees of the fund. Carefully read before investing. © Van Eck Securities Corporation, Distributor, a wholly owned subsidiary of Van Eck Associates CorporationLuke Gromen, Founder & President, Forest for the Trees (FFTT), joins Monetary Matters to share...
2025-01-151h 19
The Covered Call Podcast PodcastFamily, Freedom and Finance: Becoming unstoppable with Luke GromenIn this episode, Lovis and Jason sit down with Luke Gromen to explore the intersection of family, freedom, and finance, drawing on Luke's transformative journey from his formative Boy Scout experiences to his rise as a leading macroeconomic thinker and founder of FFTT, LLC. The conversation delves into the lessons Luke learned navigating the 2008 financial crisis, the pivotal decision to embrace creative control in his career, and the profound influence of mentorship and family on his personal and professional success. With reflections on resilience, the evolving global economy, and the balance between independence and responsibility, this episode offers a...
2025-01-151h 11
We Study Billionaires - The Investor’s Podcast NetworkBTC215: Global Macro and Bitcoin Q1 2025 w/ Luke Gromen (Bitcoin Podcast)Luke Gromen unpacks the dynamics of stablecoins and T-bills, Bitcoin’s role as a fiscal policy marker, and the implications of yield curve control. We delve into U.S. dollar devaluation, global liquidity in 2025, and the interplay of tariff threats and international Bitcoin reserves.IN THIS EPISODE YOU’LL LEARN:00:00 - Intro01:10 - Why total federal receipts over 18% of GDP have historically led to recessions.11:25 - The connection between stablecoins and T-bill demand, and its influence on Bitcoin adoption.21:58 - How the Bank of England’s yield...
2025-01-011h 07The Julia La Roche Show#222 Luke Gromen: 'Devalue The Dollar First' | Why DOGE Without Dollar Weakening Would Be 'CatastrophicLuke Gromen, founder of FFTT, joins Episode 222 of the Julia La Roche Show to discuss why he believes the Department of Defense, not the Federal Reserve, now drives U.S. economic policy. Gromen warns that if the incoming Trump administration attempts efficiency cuts (DOGE) before devaluing the dollar, "they will fail spectacularly" and "what happened in '08 will look like a tea party." He explains why rebuilding America's hollowed-out defense industrial base requires significant spending that can't be constrained by bond market concerns, shares his portfolio strategy favoring gold, Bitcoin, and T-bills over long-term bonds, and explores how a...
2024-12-241h 03Coin Stories with Natalie BrunellLuke Gromen: Bitcoin as "The New Oil," Trump's Tariffs, and the Death of the Dollar-Centric SystemIn this episode with investor and macro analyst Luke Gromen, we discuss: Luke's Bold Macro Outlook: What's Ahead in the Next 6-12 Months Trump's 2025 Economy The Strengthening Dollar: Why It's a Hidden Threat to the Global Economy Why Our Economy Needs Stocks to Keep Rising Tariffs and Their Global Ripple Effect "Bitcoin Is the New Oil"? Trump's Shocking Statement Luke's Take on Scott Bessent as Trump's Treasury Secretary Pick Bitcoin's Skyrocketing Potential: Why Luke Says It's Going "Much Higher" Could Bitcoin Become a Strategic Military Asset? ---- Coin Stories is powered by Bitdeer Technologies Group (N...
2024-12-0355 min
The Bitcoin FrontierEntering a liquidity acceleration phase with Luke GromenIn this episode, we sit down with Luke Gromen to unpack the U.S. fiscal landscape, exploring the growing strain of true interest expense and why the world may be entering a liquidity acceleration phase. Luke highlights some of the most crowded and least crowded trades in the market today and explains why gold miners are taking on a new role, while commodity stocks resemble bonds. We also discuss the potential release valves of gold, oil, and bitcoin. Luke provides insights into the shifting dynamics of physical versus paper assets, the repricing of bonds and hard assets, and bitcoin’s...
2024-10-1556 minMacro VoicesMacroVoices #448 Luke Gromen: Why the Gold Recycling Trade is AcceleratingMacroVoices Erik Townsend & Patrick Ceresna welcome back, Luke Gromen. They’ll discuss the dollar, inflation, monetary policy, China, energy, precious metals, and much more. https://bit.ly/3TW9f65
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2024-10-031h 11
The David Lin ReportU.S. Can ‘No Longer Afford Debt’, Only Way To Avoid Biggest Default In History | Luke GromenLuke Gromen, Founder & President of Forest For The Trees, discusses the insurmountable amounts of debt the U.S. now faces, and what must be done to avoid a sovereign debt default.
This video is distributed on behalf of Metalla Royalty (NYSE: MTA | TSX-V: MTA). Watch the interview with CEO Brett Heath: https://youtu.be/srT36HXSw0I?si=WPYj3E8lU2t_Uv5d
*This video was recorded on Saturday 16, 2024
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2024-09-2246 min
RiskReversal PodUnthought Known Path of Rate Cuts with Luke GromenDan Nathan and Danny Moses discuss the ongoing bull market, with insights into the S&P 500's new highs and the NASDAQ's performance. They delve into the implications of the Fed's recent interest rate cut, Chair Jerome Powell’s press conference, its impact on the economy, and the potential for more rate cuts amidst discussions of a soft landing. The episode covers the recent trends in tech stocks, banks' performance, and market strategies as hedge funds recalibrate their positions.Guy Adami and Danny Moses welcome back Luke Gromen of FFTT, LLC to discuss his bullish stance on eq...
2024-09-201h 08
第三浪 SurgeLong#58 Luke Gromen 你的财富是如何不知不觉被稀释的 | From Bankless👋 来互动
🫸 微信公众号: SurgeLong
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🕵️ 英文原声 & 节目频道
Luke Gromen: Why you Should Prepare for a MASSIVE Economic Shift
Bankless
🎸 背景音乐
Moonlight - Red Dead Redemption 2
That's The Way It Is - Red Dead Redemption 2
👫🏽 本期对谈人 & 发言人
Luke Gromen: A Force for the Trees的创始人和总裁，帮助投资者看清全局，为未来做好准备。
Ryan Sean Adams: Bankless 节目的主持人之一，帮助听众实现更多的去中心化。
David Hoffman: Bankless 节目的主持人之一，与Ryan Sean Adams合作探讨货币和能源相关的话题。
📝 目录
开场与引言
能源与货币的关系
生产力提升与债务系统
石油资源与通货膨胀
全球能源需求与地缘政治
中国与印度的石油消费
人工智能的通缩效应
未来货币系统变革
美联储与政府债务
黄金作为储备资产
未来的投资策略
美国的经济前景
个人投资建议
💁🏻 本期（不完全）提及人物 & 事物
Helen Thompson: 提出“能源盲点”概念，指政策制定者忽视能源对经济和货币的影响。
Kyle Bass: 提出中国面临美元短缺将导致经济和政治危机的观点。
Nancy Pelosi: 美国众议院议长，被提及与投资有关。
David Rogers Web: 《大夺取》一书的作者，探讨金融资产所有权的变动。
✂️
石油美元体系: 石油以美元计价，美元作为全球储备货币。
页岩油革命: 水力压裂技术使得美国大规模开采页岩油，重新确立美元在石油中的价值。
黄金重新成为石油货币: 世界各国逐渐转向持有黄金作为储备资产，减少对美元和国债的依赖。
资本管制: 政府为了控制资金流动而采取的各种限制措施。
中央银行数字货币: 由中央银行发行的数字形式的货币，可能用于控制和监管金融体系。
大夺取: 探讨在银行倒闭情况下，私人金融资产如何被用于拯救大银行的机制。
美联储财务会计手册第2.10节: 允许财政部长指示美联储重新估值美国政府的黄金储备，以注入财政部总账户。
2024-06-171h 13
第三浪 SurgeLong#58 Luke Gromen 你的财富是如何不知不觉被稀释的 | From Bankless👋 来互动 🫸 微信 & 公众号: SurgeLong 🫸 Flow_第三浪 @即刻 🫸 Flow_第三浪 @X | Twitter 🫸 Flow.SurgeLong@outlook.com🕵️ 英文原声 & 节目频道 Luke Gromen: Why you Should Prepare for a MASSIVE Economic Shift Bankless🎸 背景音乐 Moonlight - Red Dead Redemption 2 That's The Way It Is - Red Dead Redemption 2👫🏽 本期对谈人 & 发言人 Luke Gromen: A Force for the Trees的创始人和总裁，帮助投资者看清全局，为未来做好准备。 Ryan Sean Adams: Bankless 节目的主持人之一，帮助听众实现更多的去中心化。 David Hoffman: Bankless 节目的主持人之一，与Ryan Sean Adams合作探讨货币和能源相关的话题。📝 目录 开场与引言 能源与货币的关系 生产力提升与债务系统 石油资源与通货膨胀 全球能源需求与地缘政治 中国与印度的石油消费 人工智能的通缩效应 未来货币系统变革 美联储与政府债务 黄金作为储备资产 未来的投资策略 美国的经济前景 个人投资建议💁🏻 本期（不完全）提及人物 & 事物 Helen Thompson: 提出“能源盲点”概念，指政策制定者忽视能源对经济和货币的影响。 Kyle Bass: 提出中国面临美元短缺将导致经济和政治危机的观点。 Nancy Pelosi: 美国众议院议长，被提及与投资有关。 David Rogers Web: 《大夺取》一书的作者，探讨金融资产所有权的变动。✂️石油美元体系: 石油以美元计价，美元作为全球储备货币。 页岩油革命: 水力压裂技术使得美国大规模开采页岩油，重新确立美元在石油中的价值。 黄金重新成为石油货币: 世界各国逐渐转向持有黄金作为储备资产，减少对美元和国债的依赖。 资本管制: 政府为了控制资金流动而采取的各种限制措施。 中央银行数字货币: 由中央银行发行的数字形式的货币，可能用于控制和监管金融体系。 大夺取: 探讨在银行倒闭情况下，私人金融资产如何被用于拯救大银行的机制。 美联储财务会计手册第2.10节: 允许财政部长指示美联储重新估值美国政府的黄金储备，以注入财政部总账户。
2024-06-171h 13
BanklessThe End of the Petrodollar | Luke Gromen“Energy is the base layer of money” - that’s how our guest Luke Gromen puts it in today’s episode. Luke is an Author and Investor who gives us a completely new way to look at money, through the lens of energy costs. The essential learning of today’s show is that you can’t understand money until you understand energy markets. Apart from that Luke explains why the price of oil is about to force a monetary system change, why the 60/40 portfolio is dead and much more. ------ ✨ Mint the episode on Zora...
2024-06-101h 21
We Study Billionaires - The Investor’s Podcast NetworkBTC184: Q2 Macro w/ Luke Gromen (Bitcoin Podcast)In this episode of the Bitcoin Fundamentals Podcast, Luke Gromen discusses the macroeconomic outlook for the upcoming year. We cover the Fed/Treasury cap on USD, UST yields, potential changes in housing inflation metrics, and the significant backlog in transmission interconnections. Additionally, Luke explores the implications of a $1.8 trillion housing stimulus, key commodities like copper and uranium, the Japan treasury market, and how these factors could impact Bitcoin.IN THIS EPISODE YOU’LL LEARN:00:00 - Intro06:03 - The current Fed/Treasury cap on USD and UST yields.06:03 - Th...
2024-05-2959 min
第三浪 SurgeLong#47 Lyn Alden & Luke Gromen 失控的财政支出造成「万物皆涨」 | Blockworks 图片
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🫸 Flow.SurgeLong@outlook.com
🕵️ 英文原声 & 节目频道
Runaway Fiscal Spending Is Fueling The Everything Rally (Part 1/2) | Lyn Alden & Luke Gromen
Blockworks Macro
🎸 背景音乐
Moonlight - Red Dead Redemption 2
That's The Way It Is - Red Dead Redemption 2
👫🏽 本期对谈人 & 发言人
Mike：本对话的主持人，负责引导整个讨论的方向和话题。
Lyn Alden：金融分析师，专注于宏观经济研究，对财政政策和货币政策有深入的见解。
Luke Gromen：经济学家，对货币政策、财政政策以及金融市场有独到的分析和理解。
📝 目录
美国十年期实际利率与黄金价格的关系
地缘政治形势对美国国债安全性的影响
财政主导的概念及其对货币政策的影响
黄金作为储备资产和金砖货币的角色
美国财政赤字与黄金价格的关系
国债市场的功能失调与联邦储备的介入
稳定币和第二层解决方案在金融系统中的作用
财政主导转变对美元和金融市场的潜在影响
💁🏻 本期（不完全）提及人物 & 事物
Dan Tapiero：金融分析师，其推特分享的图表引发了对话中对黄金和实际利率关系的讨论。
耶伦（Janet Yellen）：美国财政部长，对话中提到她在财政政策方面的决策和行动。
鲍威尔（Jerome Powell）：美国联邦储备系统主席，对话中提及其紧缩政策对市场的影响。
金砖国家：指巴西、俄罗斯、印度、中国和南非，这些国家在对话中被提及是因为它们对黄金的储备行为。
Kinto：提供用户自主控制的KYC和本地账户抽象化技术，旨在支持金融系统的第二层解决方案。
✂️
实际利率：指经过通货膨胀调整后的利率，反映了借款人实际支付的利息成本。
财政主导：一种经济现象，指财政政策对经济的影响超过了货币政策，导致货币政策的独立性降低。
量化紧缩：中央银行通过出售资产来减少市场上的流动性，以控制货币供应量和抑制通货膨胀。
稳定币：一种加密货币，其价值与某种外部参考资产（如美元）挂钩，以保持价值稳定。
第二层解决方案：指在区块链技术之上构建的系统或协议，旨在提高交易速度和降低成本。
2024-04-1642 min
第三浪 SurgeLong#47 Lyn Alden & Luke Gromen 失控的财政支出造成「万物皆涨」 | Blockworks👋 来互动 🫸 Flow_第三浪 @即刻 🫸 Flow_第三浪 @X | Twitter 🫸 Flow.SurgeLong@outlook.com🕵️ 英文原声 & 节目频道 Runaway Fiscal Spending Is Fueling The Everything Rally (Part 1/2) | Lyn Alden & Luke Gromen Blockworks Macro🎸 背景音乐 Moonlight - Red Dead Redemption 2 That's The Way It Is - Red Dead Redemption 2👫🏽 本期对谈人 & 发言人 Mike：本对话的主持人，负责引导整个讨论的方向和话题。 Lyn Alden：金融分析师，专注于宏观经济研究，对财政政策和货币政策有深入的见解。 Luke Gromen：经济学家，对货币政策、财政政策以及金融市场有独到的分析和理解。📝 目录 美国十年期实际利率与黄金价格的关系 地缘政治形势对美国国债安全性的影响 财政主导的概念及其对货币政策的影响 黄金作为储备资产和金砖货币的角色 美国财政赤字与黄金价格的关系 国债市场的功能失调与联邦储备的介入 稳定币和第二层解决方案在金融系统中的作用 财政主导转变对美元和金融市场的潜在影响💁🏻 本期（不完全）提及人物 & 事物 Dan Tapiero：金融分析师，其推特分享的图表引发了对话中对黄金和实际利率关系的讨论。 耶伦（Janet Yellen）：美国财政部长，对话中提到她在财政政策方面的决策和行动。 鲍威尔（Jerome Powell）：美国联邦储备系统主席，对话中提及其紧缩政策对市场的影响。 金砖国家：指巴西、俄罗斯、印度、中国和南非，这些国家在对话中被提及是因为它们对黄金的储备行为。 Kinto：提供用户自主控制的KYC和本地账户抽象化技术，旨在支持金融系统的第二层解决方案。✂️ 实际利率：指经过通货膨胀调整后的利率，反映了借款人实际支付的利息成本。 财政主导：一种经济现象，指财政政策对经济的影响超过了货币政策，导致货币政策的独立性降低。 量化紧缩：中央银行通过出售资产来减少市场上的流动性，以控制货币供应量和抑制通货膨胀。 稳定币：一种加密货币，其价值与某种外部参考资产（如美元）挂钩，以保持价值稳定。 第二层解决方案：指在区块链技术之上构建的系统或协议，旨在提高交易速度和降低成本。
2024-04-1641 min
Swan Signal Live - A Bitcoin ShowBitcoin & Sticky Inflation with Luke Gromen | EP 150Sam sits down with Luke Gromen to discuss current dollar dynamics, potential drivers of persistent inflation, and the bullish case for Bitcoin and gold.Connect with Sam: https://twitter.com/samcallahConnect with Luke: https://twitter.com/LukeGromen00:00:00 “Swan Signal Live” Intro00:00:32 “Marathon” ad read00:00:58 “Pacific Bitcoin” ad read00:01:17 Introducing Luke Gromen00:01:52 How the Macro-Economic Landscape has Changed Over the Past 2 Years00:03:36 “The Great Power War”00:12:50 Infrastructure in China vs America00:16:13 Why a “Strong-Dollar” is Harmful to the Economy00:23:00 Why the Federal Reserve is Signaling Rate-Cuts Already, and What Do...
2024-04-0459 minMacro VoicesMacroVoices #421 Luke Gromen: More Dollar Liquidity To Come…MacroVoices Erik Townsend & Patrick Ceresna welcome back Forest for the Trees founder, Luke Gromen. Erik and Luke discuss the dollar, where it’s headed both short and long term, precious metals, bitcoin and more. https://bit.ly/3PES8np
⚫ Follow Luke on X: @LukeGromen
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2024-03-2857 minCoin Stories with Natalie BrunellLuke Gromen: Whether the Fed Cuts or Hikes, Bitcoin is Going HigherIn this episode of the Coin Stories podcast with guest Luke Gromen, powered by Bitdeer Technologies Group (NASDAQ: BTDR), we discuss: Massive fiscal deficits keeping sovereign debt bubble afloat Treasury Secretary Janet Yellen's controlled, meticulous weakening of the dollar Bank of Japan increasing interest rates and global implications 10% CPI...and UBI?? Will U.S. be forced to cut entitlements and defense? Why Luke is so bullish on Bitcoin over the next 12 months The truth about the U.S. vs. China ---- Bio: Luke Gromen is a macroeconomist and founder and president of Forest for the...
2024-03-2055 min
We Study Billionaires - The Investor’s Podcast NetworkBTC172: Macro Outlook Q1 2024 w/ Luke Gromen (Bitcoin Podcast)In this episode, Luke Gromen navigates through Berkshire's $167.6B cash, his 2023 market optimism, US liquidity measures, and escalating real estate loan concerns. He discusses inflation's return, unemployment trends, interest rates, and Bitcoin's impact on energy. The dialogue also touches on the Fed's control illusion, CEO stock sales, Bitcoin's fiscal role, auction failures, QE's return, and treasury yield trends, providing a rich macroeconomic overview amidst evolving market dynamics.IN THIS EPISODE YOU’LL LEARN:00:00 - Intro01:05 - How Berkshire Hathaway's substantial cash reserve positions it in the current economic landscape....
2024-03-061h 11RiskReversal PodThese Aren’t the Shorts You Are Looking for with Luke Gromen of FFTTOn this episode of “On The Tape,” Guy Adami, Dan Nathan and Danny Moses discuss the broken market structure, opportunities in the market, China and more!Later, Danny and Guy sit down with Luke Gromen, founder of Forest from the Trees, for his macro view and bullish stock market outlook.Topics:
David Einhorn: The Markets Are Fundamentally Broken
ARM Rallies 60% on Earnings
Dividend Stocks
Huge Stock Moves (‘Sell Nvidia’)
China’s Deflationary Spiral
Why Americans Are So Down on a Strong Economy
Commercial Real Estate
Complacency
Sports Betting Stocks & Super...
2024-02-091h 09The Julia La Roche Show#134 Luke Gromen: A Hard Landing Isn't Going To Come In Stocks. It Will Come In TreasuriesLuke Gromen, founder of FFTT, joins The Julia La Roche Show to discuss the macro picture and the sovereign debt bubble that’s bursting in the U.S.
In this episode, Gromen makes a case that he thinks this is the year where the consensus realizes the Federal Reserve as a “shadow third mandate,” which is the Treasury market functioning. He explains the concept of fiscal dominance and its implications for the economy, including higher inflation and a weaker dollar.
Gromen predicts that there will not be a recession in 2024 due to the Fed's focus on main...
2024-01-1142 min
My Worst Investment Ever PodcastLuke Gromen – Start Small, Then Grow as You LearnBIO: Luke Gromen has 25 years of experience in equity research, equity research sales, and as a macro/thematic analyst.STORY: Luke put a large position in a private equity investment because it had a great founder who had previously created and sold some tech companies. Additionally, one of Luke’s dearest friends went to work there. However, he didn’t realize that the company was overvalued, so when the founder couldn’t raise funding, the company collapsed, and Luke lost all his money.LEARNING: Position sizing is crucial. Don’t get too excited and emotionally invested...
2023-11-2251 min
The Bitcoin Standard Podcast194. The Debt Bubble with Luke GromenJoin Luke Gromen and Saifedean in a conversation unpacking the theory of dedollarization. They delve into the implications of negative real rates, the gold market, the impact of oil on the global economy, and potential future actions by the Federal Reserve.References: Luke's Twitter - https://twitter.com/LukeGromen Luke's website, The Forest for The Trees - https://fftt-llc.com/ Enjoyed this episode? Join Saifedean's online learning platform to take part in weekly podcast seminars, access Saifedean’s four online economics courses, and read his writing, including his new book, Principles of Economics! Find...
2023-11-071h 53
The Peter McCormack ShowBitcoin vs the Infinite Money Printer with Luke Gromen - WBD732Luke Gromen is the Founder and President of Forest for the Trees (FFTT). In this interview, we discuss the state of the economy, government borrowing and the bond market. We explore the implications of increased US government borrowing and spending on debt and taxes. We also talk about cycles of quantitative easing, a comparison of the economies of Argentina and the US, the impacts of inflation on different groups and investment strategies during a recession. - - - - Luke Gromen has been praised by former clients and colleagues as having a "unique ability to...
2023-11-061h 08
The Great Simplification with Nate HagensLuke Gromen: "Peak Cheap Oil and the Global Reserve Currency"On this episode, financial analyst Luke Gromen joins Nate to discuss how the availability of cheap energy has underpinned our current financial architecture and expectations - and what peak cheap oil implies for the future. A central part of this story is the rise of the US dollar as a global reserve currency tightly linked with the ability to purchase oil - subsequently leading to the US becoming a major exporter of debt. How have countries with economies based on natural resources and manufacturing differed in their response to geopolitical uncertainty in comparison to those who are based around...
2023-10-041h 31The Great Simplification with Nate HagensLuke Gromen: "Peak Cheap Oil and the Global Reserve Currency"On this episode, financial analyst Luke Gromen joins Nate to discuss how the availability of cheap energy has underpinned our current financial architecture and expectations - and what peak cheap oil implies for the future. A central part of this story is the rise of the US dollar as a global reserve currency tightly linked with the ability to purchase oil - subsequently leading to the US becoming a major exporter of debt. How have countries with economies based on natural resources and manufacturing differed in their response to geopolitical uncertainty in comparison to those who are based around...
2023-10-041h 31
Forward GuidanceLuke Gromen: Panic In The Bond Market Will Continue Unless Oil Or Dollar RelentLuke Gromen, founder of Forest For The Trees, returns to Forward Guidance to share his views on the steep sell-off in the long-end of the U.S. Treasury market. Filmed on September 25, 2023.Follow Luke Gromen on Twitter https://twitter.com/LukeGromenFollow Jack Farley on Twitter https://twitter.com/JackFarley96Follow Forward Guidance on Twitter https://twitter.com/ForwardGuidanceFollow Blockworks on Twitter https://twitter.com/Blockworks_-- Disclaimer: Nothing discussed on Forward Guidance should be considered as investment advice. Please always do your...
2023-09-281h 16
Wealthion - Be Financially ResilientRecession Is Inevitable. So Own These Assets | Luke GromenMacro analyst Luke Gromen returns for Part 2 of our interview with him on the unfolding sovereign debt crisis & the likelihood of recession, which he sees as "inevitable" -- largely due to higher oil prices and the collapsing commercial real estate market.
Luke also shares his outlook on which assets to consider holding in such an environment, as well as which ones to steer clear of.
Follow Luke at his website https://fftt-llc.com/
************************
At Wealthion, we show you how to protect and build your wealth by learning from the world’s to...
2023-08-3036 min
We Study Billionaires - The Investor’s Podcast NetworkBTC136: The FED Pause & Q2 Current Events w/ Luke Gromen (Bitcoin Podcast)Preston Pysh and Luke Gromen talks about the current events unfolding around the Fed’s current rate hike pause, whether this is it or will they keep on tightening in future meetings. They talk about the energy market, its impact on treasury yields, the Bitcoin shift that’s currently taking place, and more.IN THIS EPISODE, YOU’LL LEARN:00:00 - Intro01:26 - The FED recently paused with their efforts to raise interest rates - what's happening?04:08 - Everyone's talking about the TGA needing refilled, what's actually happening?15:1...
2023-06-281h 08
Supply ShockU.S Dollar & Energy's Role In The "Debt Death Spiral" End Game | Luke GromenOn today's episode of On The Margin, Luke Gromen Founder & President of Forest for the Trees (FFTT) joins the show for a discussion on the end game for the Fed.After highlighting many of the structural shifts underpinning the current monetary system over the past few years, Luke lays out his thesis on the intersection between peak cheap energy and the U.S dollar system. Luke goes on to walk through how the Fed will be forced to manage these dynamics with inflation above trend and record high debt to GDP levels. To hear...
2023-05-2450 min
Always Be Building#184: Peak Cheap Energy - Luke GromenThis episode we have returning guest Luke Gromen, the founder of Forest for the Trees. Luke is one of my favorite macro analysts and I follow his work very closely. This episode we talk about the current macro environment and what Luke is paying attention to in these volatile times. Luke talks about the problems we are facing with “Peak Cheap Energy” and how this trend will have a ripple effect across different countries and their battle against inflation.Luke gives his nuanced take on the de-dollarization phenomenon we are seeing unfold over the last few y...
2023-05-221h 01Coin Stories with Natalie BrunellLuke Gromen & Preston Pysh: Macro + Bitcoin Outlook for 2023 - "Mild Recession Not an Option"Preston Pysh is a co-founder of The Investor's Podcast Network and host of Bitcoin Fundamentals. Preston is globally ranked on Amazon as a top 100 business author, and writes about international finance and central banking as a contributor on Forbes. He is the founder of the Pylon Holding Company and a graduate of West Point and Johns Hopkins University. He was an AH-64D attack helicopter pilot and Company Commander with the 101st Airborne during Operation Enduring Freedom and was awarded the Bronze Star Medal. Follow Preston on Twitter https://twitter.com/PrestonPysh Luke Gromen is...
2023-02-131h 36
Stephan Livera PodcastSLP453 Luke Gromen - Soft Landing or Hard Landing?Luke Gromen of Forest For The Trees rejoins me on the show to talk about his macro views:
Soft landing vs hard landing
Government debt levels
US Interest rates and “chicken-pivot”
Commodities and dedollarisation
Outlook for Bitcoin
Links:
Twitter: @LukeGromen
Site: https://fftt-llc.com/
Prior episode: SLP247 Luke Gromen – Does Bitcoin Recreate The Hunger Games?
Sponsors:
Swan Bitcoin
Mempool.space
Unchained Capital (code LIVERA)
CoinKite.com(code LIVERA)
Buildonl2.com
Stephan Livera links:
Follow me on Twitter @stephanlivera
Subscribe to the podcast
Patreon @stephanlivera
2023-01-2651 min
Outliers with Daniel Scrivner: Explore the Greatest Innovators, Founders, and InvestorsAll-Time Top 10 Guests – #1 Luke Gromen (The Forest for the Trees: On Inflation, Retail Investors, Precious Metals, and Bitcoin)We explore inflation, retail investors, precious metals, and Bitcoin. We’re joined by Luke Gromen, Founder of The Forest for the Trees. We cover Luke’s perspectives on inflation, investing in alternative assets, and interpreting investment data.
“My sense of where we are is... we're basically in the first bursting global sovereign debt bubble in 100 years.” – Luke Gromen
EPISODE GUIDE (LINKS, QUOTES, NOTES, AND BOOKS MENTIONED)
https://www.danielscrivner.com/notes/perspectives-data-analysis-inflation-fftt-luke-gromen-ig-show-notes
FULL TEXT TRANSCRIPT
https://www.danielscrivner.com/notes/perspectives-data-analysis-inflation-fftt-luke-gromen-ig-transcript
CHAPTERS
This episode is our definitive guide to inflation, retail investors, precious metals, and Bitcoin. In it we cover:
00:00:00 – Introduction
...
2022-12-301h 02
20 Minute Playbook: Tactics, Routines, and Habits of World-Class PerformersAll-Time Top Guests – Luke Gromen (My Favorite Books, Tools, Habits, and More)We deconstruct Luke Gromen's peak performance playbook—from his favorite book to the tiny habit that's had the biggest impact on his life. Luke Gromen is the CEO and Founder of The Forest for the Trees. We cover cognitive dissonance in today’s economy and the benefits of early morning writing.
“The ability to make the data useful, to interpret the data, to make music out of the data, if you will, I think you're seeing that dynamic across a lot of different sectors and in the economy.” – Luke Gromen
EPISODE GUIDE (LINKS, QUOTES, NOTES, AND BOOKS MENTIONED)
https://www.danielscri...
2022-12-3021 min
Outliers with Daniel Scrivner: Explore the Greatest Innovators, Founders, and InvestorsAll-Time Top 10 Guests – #1 Luke Gromen (My Favorite Books, Tools, Habits, and More)We deconstruct Luke Gromen's peak performance playbook—from his favorite book to the tiny habit that's had the biggest impact on his life. Luke Gromen is the CEO and Founder of The Forest for the Trees. We cover cognitive dissonance in today’s economy and the benefits of early morning writing.
“The ability to make the data useful, to interpret the data, to make music out of the data, if you will, I think you're seeing that dynamic across a lot of different sectors and in the economy.” – Luke Gromen
EPISODE GUIDE (LINKS, QUOTES, NOTES, AND BOOKS MENTIONED)
https://www.danielscri...
2022-12-3021 min
How They Invest: Tactics and Tools of the World's Best InvestorsAll-Time Top Guests – Luke Gromen (The Forest for the Trees: On Inflation, Retail Investors, Precious Metals, and Bitcoin)We explore inflation, retail investors, precious metals, and Bitcoin. We’re joined by Luke Gromen, Founder of The Forest for the Trees. We cover Luke’s perspectives on inflation, investing in alternative assets, and interpreting investment data.
“My sense of where we are is... we're basically in the first bursting global sovereign debt bubble in 100 years.” – Luke Gromen
EPISODE GUIDE (LINKS, QUOTES, NOTES, AND BOOKS MENTIONED)
https://www.danielscrivner.com/notes/perspectives-data-analysis-inflation-fftt-luke-gromen-ig-show-notes
FULL TEXT TRANSCRIPT
https://www.danielscrivner.com/notes/perspectives-data-analysis-inflation-fftt-luke-gromen-ig-transcript
CHAPTERS
This episode is our definitive guide to inflation, retail investors, precious metals, and Bitcoin. In it we cover:
00:00:00 – Introduction
...
2022-12-301h 02
We Study Billionaires - The Investor’s Podcast NetworkBTC101: 4th Quarter Macro Overview w/ Luke Gromen (Bitcoin Podcast)IN THIS EPISODE, YOU’LL LEARN:
01:22 - What is happening between the United States and China with chip manufacturing?
04:55 - Is the FED being weaponized against Russia and China?
23:11 - What should people expect in the energy sector moving forward?
29:54 - Zoltan Pozsar's quote about commodity-backed money.
31:36 - Who's actually buying UST right now?
35:18 - What triggers the next big FED Pivot?
47:24 - What happens in US Real Estate with 30 year loans currently at 7.22% fixed.
48:25 - Luke's thoughts on the 3 month and 10 year treasury being at parity.
01:03:34 - What's currently happening the Japanese treasury market?
...
2022-10-261h 23Coin Stories with Natalie BrunellLuke Gromen: Fed Dilemma & Bitcoin as a Neutral Reserve AssetLuke Gromen is a macroeconomist and founder and president of Forest for the Trees, a research firm he started in 2014 specializing in global macroeconomic, thematic and sector trends. Luke holds a BBA in Finance and Accounting from the University of Cincinnati and received his MBA from Case Western Reserve University. He earned the CFA designation in 2003. Follow Luke on Twitter: https://twitter.com/LukeGromen Learn more about his company: https://fftt-llc.com Coin Stories is powered by Swan Bitcoin. Swan is the best way to build your Bitcoin stack, with automated Bitcoin savings plans and in...
2022-09-141h 27Supply ShockLuke Gromen: U.S Dollar's Role In The Global Energy CrisisOn today's episode of "On the Margin", Luke Gromen Founder & President of Forest for the Trees (FFTT) joins the show for a discussion on the U.S Dollar's role in the global economy.After spending the past number of years outlining his thesis and the importance energy plays in being the global reserve currency issuer, now was the perfect time to get Luke back on the show to break down some of the tectonic geopolitical changes that have occurred throughout 2022. From energy shortages in Europe to Russian FX sanctions an...
2022-08-241h 05
Outliers with Daniel Scrivner: Explore the Greatest Innovators, Founders, and InvestorsReplay: #78 The Forest for the Trees: On Inflation, Retail Investors, Precious Metals, and Bitcoin | Luke Gromen, FounderIn Episode #78, we explore inflation, retail investors, precious metals, and Bitcoin. We’re joined by Luke Gromen, Founder of The Forest for the Trees. We cover Luke’s perspectives on inflation, investing in alternative assets, and interpreting investment data.
“My sense of where we are is... we're basically in the first bursting global sovereign debt bubble in 100 years.” – Luke Gromen
EPISODE GUIDE (LINKS, QUOTES, NOTES, AND BOOKS MENTIONED)
https://www.danielscrivner.com/notes/perspectives-data-analysis-inflation-fftt-luke-gromen-ig-show-notes
FULL TEXT TRANSCRIPT
https://www.danielscrivner.com/notes/perspectives-data-analysis-inflation-fftt-luke-gromen-ig-transcript
CHAPTERS
This episode is our definitive guide to inflation, retail investors, precious metals, and Bitcoin. In it we cover:
...
2022-07-271h 02
TFTC: A Bitcoin Podcast#344: The dollar is strong and the economy is weak with Luke GromenJoin Marty as he sits down with Luke Gromen to discuss the state of the world.
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2022-07-191h 11
Bankless128 - Scariest Macro Setup In 20+ Years | Luke Gromen✨ 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 wh...
2022-07-181h 27
Bankless128 - Scariest Macro Setup In 20+ Years | Luke Gromen✨ 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 wh...
2022-07-181h 27Macro VoicesMacroVoices #327 Luke Gromen: Recession with Rising Yields is Entirely PossibleMacroVoices Erik Townsend and Patrick Ceresna welcome Luke Gromen to the show to discuss foreign divestiture of U.S. assets, inflation, precious metals, Luke’s outlook for the USD, and much more. https://bit.ly/39l40sH
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2022-06-101h 27
Was Bitcoin bringt - mit Niko JilchMonetary warfare: "A very, very dangerous game" - Luke Gromen on Oil, Gold & Bitcoin vs Dollar, Euro (English)Buckle up, this week we're doing the big tour. Luke Gromen, one of the most interesting voices in the financial markets today, joins me for a talk on the history, present and future of our monetary system. His message is quite dramatic: Luke asks, if the freezing of Russias currency reserves may already have ushered in the next economic world order. One that is again based on "real stuff" like gold and commodities. Luke and I also talk US strategy and how the Pentagon has been growing uneasy about the Dollar-based monetary system for more than a d...
2022-04-261h 28
TFTC: A Bitcoin Podcast#312: The popping of the 100 year sovereign debt bubble with Luke GromenJoin Marty as he sits down with Luke Gromen to discuss the global sovereign debt bubble that has been building for a century and why it may be beginning to pop.
Follow Luke Gromen on Twitter
Read more from Luke at: FFTT, LLC
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2022-03-141h 19Forward GuidanceFed Faces "Debt Death Spiral" While Inflation Soars | Luke Gromen & Jim BiancoIn today's episode of Forward Guidance, Jack Farley is joined by Jim Bianco of Bianco Research and Luke Gromen, Founder of FFTT to discuss the situation the Fed finds itself in the face of the highest inflation in 40 years. With a debt to GDP over 100%, is the Fed trapped and inflation the only way out? Luke discusses the post 1971 Nixon shock's effect on the Dollar and walks us through the series of events which led to the Fed now being faced with, a "debt death spiral".Jim explains how i...
2022-03-131h 12
Fed Watch - Bitcoin and MacroLuke Gromen on Tectonic Shifts in the Financial System and Oil - FED 85In this episode of Bitcoin Magazine’s Fed Watch podcast, CK and I welcome a special guest, Luke Gromen. Luke is founder and President of Forest for the Trees (FFTT) LLC, where he provides clients with macro insights and investible analysis of the global financial system. In this wide ranging conversation we dive deeply into Russia, gold, oil, the shadow banking system, bonds, you name it, we probably talked about it on the episode. Fed Watch is a podcast for people interested in central bank current events and how Bitcoin will integrate or replace aspects of the ag...
2022-03-0956 min
The Perch Pod with Jacob ShapiroThe Fiscal Doom Loop w/ Luke GromenThis week's guest, Luke Gromen, brings a unique macro perspective to the table via a conversation laden with gold, crypto, China, the Russian invasion of Ukraine, and Luke's intriguing theory on the United State's "fiscal doom loop." Download the transcript here.Luke’s website is here --> https://fftt-llc.com/about/Questions? Comments? Reach out at: info@perchperspectives.comSubscribe to the Perch Perspectives Newsletter here.Socials:Twitter: @PerchSpectivesLinkedIn: Perch PerspectivesWebsite: https://perchperspectives.com/
2022-03-0759 min
We Study Billionaires - The Investor’s Podcast NetworkBTC067: Russia Ukraine War & Global Macro Impacts w/ Luke Gromen (Bitcoin Podcast)IN THIS EPISODE, YOU’LL LEARN:
02:07 - Luke's overview of the Macro Landscape since the Russian invasion of Ukraine.
02:07 - Energy to the EU.
02:07 - China's involvement.
12:10 - Zelenskyy's unexpected response and defensive posturing.
20:33 - Crops and fertilizer impacts.
26:47 - Belarus' involvement in the war.
26:47 - Turkey blocking the entry into the Black Sea.
34:09 - Canada weaponizing their banks.
34:52 - Weaponizing Swift.
34:52 - The Ruble crashing.
44:57 - Russia Minister working on a digital single world currency.
46:01 - India's energy demands.
48:46 - Gold's potential involvement.
53:55 - Bitcoin's potential involvement.
01:07:59 - Targeting high-net-worth Russian citizens.
*Disclaimer: Sl...
2022-03-021h 15
20 Minute Playbook: Tactics, Routines, and Habits of World-Class PerformersLuke Gromen of The Forest for the Trees: My Favorite Books, Tools, Habits, and More | 20 Minute PlaybookIn this episode, we deconstruct Luke Gromen's peak performance playbook—from his favorite book to the tiny habit that's had the biggest impact on his life. Luke Gromen is the CEO and Founder of The Forest for the Trees. We cover cognitive dissonance in today’s economy and the benefits of early morning writing.
“The ability to make the data useful, to interpret the data, to make music out of the data, if you will, I think you're seeing that dynamic across a lot of different sectors and in the economy.” – Luke Gromen
EPISODE GUIDE (LINKS, QUOTES, NOTES, AND BOOKS MENTIONED...
2022-01-2821 min
Outliers with Daniel Scrivner: Explore the Greatest Innovators, Founders, and Investors#81 Luke Gromen, Author of The Forest for the Trees: My Favorite Books, Tools, Habits, and More | 20 Minute PlaybookIn Episode #81, we deconstruct Luke Gromen's peak performance playbook—from his favorite book to the tiny habit that's had the biggest impact on his life. Luke Gromen is the CEO and Founder of The Forest for the Trees. We cover cognitive dissonance in today’s economy and the benefits of early morning writing.
“The ability to make the data useful, to interpret the data, to make music out of the data, if you will, I think you're seeing that dynamic across a lot of different sectors and in the economy.” – Luke Gromen
EPISODE GUIDE (LINKS, QUOTES, NOTES, AND BOOKS MENTIONED)
https://ww...
2022-01-2821 min
Outliers with Daniel Scrivner: Explore the Greatest Innovators, Founders, and Investors#78 The Forest for the Trees: On Inflation, Retail Investors, Precious Metals, and Bitcoin | Luke Gromen, FounderIn Episode #78, we explore inflation, retail investors, precious metals, and Bitcoin. We’re joined by Luke Gromen, Founder of The Forest for the Trees. We cover Luke’s perspectives on inflation, investing in alternative assets, and interpreting investment data.
“My sense of where we are is... we're basically in the first bursting global sovereign debt bubble in 100 years.” – Luke Gromen
EPISODE GUIDE (LINKS, QUOTES, NOTES, AND BOOKS MENTIONED)
https://www.danielscrivner.com/notes/perspectives-data-analysis-inflation-fftt-luke-gromen-ig-show-notes
FULL TEXT TRANSCRIPT
https://www.danielscrivner.com/notes/perspectives-data-analysis-inflation-fftt-luke-gromen-ig-transcript
CHAPTERS
This episode is our definitive guide to inflation, retail investors, precious metals, and Bitcoin. In it we cover:
...
2022-01-191h 02
How They Invest: Tactics and Tools of the World's Best InvestorsThe Forest for the Trees: On Inflation, Retail Investors, Precious Metals, and Bitcoin | Luke Gromen, FounderWe explore inflation, retail investors, precious metals, and Bitcoin. We’re joined by Luke Gromen, Founder of The Forest for the Trees. We cover Luke’s perspectives on inflation, investing in alternative assets, and interpreting investment data.
“My sense of where we are is... we're basically in the first bursting global sovereign debt bubble in 100 years.” – Luke Gromen
EPISODE GUIDE (LINKS, QUOTES, NOTES, AND BOOKS MENTIONED)
https://www.danielscrivner.com/notes/perspectives-data-analysis-inflation-fftt-luke-gromen-ig-show-notes
FULL TEXT TRANSCRIPT
https://www.danielscrivner.com/notes/perspectives-data-analysis-inflation-fftt-luke-gromen-ig-transcript
CHAPTERS
This episode is our definitive guide to inflation, retail investors, precious metals, and Bitcoin. In it we cover:
(00:00:00) – Introduction
...
2022-01-191h 02
We Study Billionaires - The Investor’s Podcast NetworkBTC061: Global Macro Investing 1Q 2022 w/ Luke Gromen (Bitcoin Podcast) IN THIS EPISODE, YOU’LL LEARN:
01:25 - Luke's overview of the Macro landscape.
11:53 - Luke's thoughts on the dollar for the first half of 2022.
18:08 - China's shift in monetary policy.
18:08 - How Preston and Luke are estimating how high interest rates might go.
26:55 - How currency exchange rates can offset interest rates (or make them twice as bad).
31:51 - How China's water problem could turn into a major energy crisis.
39:40 - How the reverse REPO system works.
59:27 - What if the Saudis break the petrodollar system?
1:08:42 - Luke's thoughts on Bill Miller's large Bitcoin position.
...
2022-01-191h 10Supply ShockThe end game for the Dollar: China vs the U.S. | Grant Williams and Luke GromenIn this episode of On The Margin Mike is joined by returning guests Grant Williams & Luke Gromen. We welcome back two financial market veterans for a special episode exploring the fracturing geopolitical landscape between the east and the west. Grant and Luke share their insight surrounding China's declaration of war on the U.S, how the current monetary system could collapse China's economy, the consequences of globalization, what the end game is for the dollar & how to prepare for the changing world order as two global superpowers collide. --Ledger:...
2021-10-061h 03
We Study Billionaires - The Investor’s Podcast NetworkTIP367: The Current Macro Landscape w/ Luke GromenIn today’s episode, Trey Lockerbie sits down with a TIP fan favorite, Luke Gromen. Trey takes the opportunity to dig into Luke’s worldview and take on the macro landscape we’ve been witnessing over the last few months.IN THIS EPISODE, YOU'LL LEARN:
(02:03) What is incentivizing the Fed and policymakers to continue their QE efforts.
(39:55) Peak Cheap Oil and its effects on the burgeoning EV market and underlying commodities.
(50:07) How gold might be positioning itself as a new wealth reserve asset and much more.
*Disclaimer: Slight timestamp discrep...
2021-08-0657 min
The Mark Moss ShowInflation, Money Printing, Gold and Bitcoin | Luke GromenI'm joined today with Luke Gromen, I had to bring him back onto the show. I bring builders and investors onto the show every week to help bring simplicity to economic jargon. We've seen The Fed pull their levers excessively over the last year and a half. Today me and Luke will uncover inflation, the unprecedented money printing, as well as gold, and Bitcoin. So stay tuned! 👇 Follow Luke Gromen👇 Twitter: https://twitter.com/LukeGromen?s=20 Website: https://fftt-llc.com/ 🔥 Join BlockFi today and get up to $250 🔥 https://go.1markmoss...
2021-06-0655 min
The Mark Moss ShowCurrency Crisis, Debt Bubble, Central Bank Action, Inflation Crash, Gold, Bitcoin | Luke GromenHey everyone, I've got Luke Gromen on the show to help give better insight on a couple topics that we all love to hear, and possibly help change the future for many of you. We're going to uncover endless money printing, inflation, economic bottlenecks, deflation, deficits, and assets that could benefit everyone. As you know, I try my best to get people on here every week to help enlighten my crowd, and to unfold economic jargon into opportunities, so stay tuned! 🔥 Join BlockFi today and get up to $250 🔥 https://go.1markmoss.com/BlockFi 👇Follow Luke Gromen👇
2021-02-231h 17Stephan Livera PodcastSLP247 Luke Gromen - Does Bitcoin Recreate The Hunger Games?Luke Gromen, founder of FFTT (Forest for the Trees) joins me to talk about his views on Bitcoin. We chat:
Bitcoin as store of value, medium of exchange bifurcated
Does Bitcoin recreate the Hunger Games?
Bitcoin as Smoke Alarm
US Govt debt
Why rates can’t rise?
Luke Gromen links:
Twitter: @LukeGromen
Site: FFT-LLC.com
Sponsors:
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Hodl Hodl
Unchained Capital (code LIVERA)
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Stephan Livera links:
Show notes and website
Follow me on twitter @stephanlivera
Subscribe to the podcast
Patreon @stephanlivera
2021-01-2955 min
Sprott Money NewsAsk The Expert - Luke Gromen - January 2021Luke Gromen is the founder of FFTT, LLC (“Forest for the Trees”) a macro/thematic research firm that aggregates a wide variety of macroeconomic, thematic, and sector trends in an unconventional manner to identify investable developing economic bottlenecks. Luke also provides strategic consulting services for corporate executives. A graduate of the University of Cincinnati, he received his MBA from Case Western Reserve University and earned the CFA designation in 2003. He is the author of The Mr. X Interviews: Volume 1: World Views from a Fictional US Sovereign Creditor and his 90,000 Twitter followers receive his insights daily at twitter.com/LukeGromen. Visi...
2021-01-2828 min
We Study Billionaires - The Investor’s Podcast NetworkBTC008: Bitcoin & Macro Mastermind Discussion w/ Lyn Alden & Luke Gromen (Bitcoin Podcast)IN THIS EPISODE, YOU'LL LEARN:
About the current state of commercial Real Estate
The impact mid and small cap businesses are having on the real economy
Thoughts on UBi in 2021 versus more QE
Stable coins and using blockchains for bank clearing
Tether concerns
Lyn's thoughts on Ethereum
Signals for another liquidity crunch
S2F and a final cycle
BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members.
Lyn Alden's Investment Strategy company
Lyn Alden's twitter
Luke's books on...
2021-01-131h 18
Market Champions128|Death of the Dollar ft. Luke Gromen with Srivatsan PrakashLuke Gromen is the founder of FFTT LLC, and is known for his bearish views on the US Dollar and his bullish view on gold. He shares his thoughts on what the "Luke Gromen Moment" is, whether we're there and updates us on his thesis of the USD losing it's reserve currency status.
2020-12-1350 min
We Study Billionaires - The Investor’s Podcast NetworkThe Great Reset w/ Luke Gromen (Business Podcast)Luke Gromen is the Founder of the macro-thematic research firm, The Forest for the Trees. He’s one of the leading experts on everything happening in the global economy today.IN THIS EPISODE, YOU’LL LEARN:
Why banks will be a smaller part of the S&P500 in the future.
How to invest in an unsafe macro environment.
Why we’re approaching a bursting sovereign global debt bubble.
Why a rising price of bitcoin could force up the price of gold.
·Ask The Investors: How do I buy and store bitcoin safely?
2020-11-221h 07Macro VoicesMacroVoices #235 Luke Gromen: U.S. Dollar Deep DiveMacroVoices Erik Townsend and PatrickCeresna welcome Luke Gromen to the show to discuss if the U.S. Dollar is having that "Luke Gromen Moment" he has predicted for years, the stock market, the U.S. fiscal situation, gold and much more.
Link: https://bit.ly/3jMGHr4
2020-09-031h 37
We Study Billionaires - The Investor’s Podcast NetworkMacro Mastermind w/ Lyn Alden, Luke Gromen, & Jeff Booth (Business Podcast)Lyn Alden, Luke Gromen, and Jeff Booth are some of the best economic thinkers in the world right now. For the 3Q of 2020 macro mastermind discussion, they discuss what’s happening in the world right now.IN THIS EPISODE, YOU’LL LEARN:
Whether we will see a return of the liquidity crisis in the USD.
Whether we have another currency that can replace the USD as the global reserve currency.
Whether the world will continue to exponentially expand the global aggregated monetary baseline.
Why some companies are putting bitcoin on their balance sheet.
Ask...
2020-08-231h 36
We Study Billionaires - The Investor’s Podcast NetworkTIP301: Grant Williams & Luke Gromen Talk Global Macro Economics (Business Podcast)Preston Pysh and Stig Broderson talk to Grant Williams, the co-founder of Real Vision TV and the popular website, Things That Make You Go Hmmm, and Luke Gromen, the founder of the research firm, Forest for the Trees. IN THIS EPISODE YOU’LL LEARN:
How can the US continue printing dollars without the dollar significantly weakening?
Which role the treasury market has in the geopolitical situation between the US and China?
Whether the US could end up like the Weimar Republic or Venezuela.
Why is gold not going higher despite the excessive money prin...
2020-06-141h 18
We Study Billionaires - The Investor’s Podcast NetworkTIP279: Stock Market Melt-up w/ Luke Gromen (Business Podcast)On today's show, we talk to macro expert, Luke Gromen, about the stock market melt-up.IN THIS EPISODE, YOU'LL LEARN:
How the FED will react to a sell-off in the stock market.
How much countries’ balance sheets can grow.
Why the FED is committed to financing US deficits.
Why inflation is a misunderstood concept.
If there is a risk for the US to go into hyperinflation.
BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other com...
2020-01-261h 00
The Delphi PodcastLuke Gromen and Kevin Kelly: King Dollar and Macro ChaosHost Tom Shaughnessy of Delphi Digital is joined by Luke Gromen, the Founder of the unique macroeconomic research firm Forest for the Trees (FFTT) and Kevin Kelly, a co-founder of Delphi Digital.
On this episode we have an all encompassing episode covering the current macro landscape, the global sovereign debt bubble, the state of fiscal & monetary policy and its impact on the U.S. dollar, plus what this all means for Bitcoin.
To help support the show, please hit the subscribe button on iTunes so we can keep bringing you episodes like these!
Follow Tom...
2019-10-281h 18All-Stars #35 Luke Gromen: FF>IOER Means Balance Sheet Capacity Used UpAll-Star Luke Gromen responds to Jeff Snider's All-Stars appearance last week, sharing a different view on the significance of Fed Funds exceeding IOER. Luke says it’s about domestic private sector balance sheet capacity.
Link: http://bit.ly/2XVNVmh
2019-07-2200 min
We Study Billionaires - The Investor’s Podcast NetworkTIP251: Macro Themes - Summer 2019 w/ Luke Gromen (Business Podcast)On today's show, we talk to macro investing expert, Luke Gromen, about the current market conditions.IN THIS EPISODE YOU’LL LEARN:
Why we’re not a typical credit cycle.
The bull and bear case of commodities
Why the bond market should have higher yields than it has today
Which big tech stock to invest in and why
BOOKS AND RESOURCES
Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members.
Luke Gromen’s website, The Forrest for the...
2019-07-1444 min