On 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 and now rising tensions in Taiwan, the U.S Dollar sits at the very centre of this discussion. This is an episode you can't afford to miss and will find yourself watching over and over again as we attempt to understand the geopolitical & macro landscape.
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Referenced In The Show:
Twilight in the Desert: https://en.wikipedia.org/wiki/Twilight_in_the_Desert
Assessing and Strengthening the Manufacturing and Defense Industrial Base and Supply Chain Resiliency of the United States: https://bit.ly/3QEY91I
California Turns To China For New Bay Bridge: https://www.npr.org/2011/09/16/140515737/california-turns-to-china-for-new-bay-bridge?t=1661252480276
Don’t forget the golden rule: whoever has the gold makes the rules: https://reaction.life/dont-forget-the-golden-rule-whoever-has-the-gold-makes-the-rules/
The Quiet Coup: https://www.theatlantic.com/magazine/archive/2009/05/the-quiet-coup/307364/
(00:38) The Post Bretton Woods System
(11:09) Peak Cheap Energy
(20:55) The U.S. Industrial Manufacturing Base, The End of Globalization?
(26:09) The Closing of Russia's FX Reserves
(33:30) The Energy Crisis In Europe
(34:46) Gold & Bitcoin: "The Last Functioning Fire Alarm"
(40:00) The U.S. Entitlements & Balance Sheet
(46:38) Rising Inequality
(51:14) The Quiet Coup: Privatizing The Gains & Socializing The Losses
(57:14) Final Thoughts
Disclaimer: Nothing discussed on On The Margin should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.