On today's show, we talk to the astute Luke Gromen about the current dollar decline. Luke provides numerous details why the dollar is currently devaluing despite the FED tightening the money supply. Additionally, Luke talks about the interesting relationship with China and how they are acquiring large amounts of gold and oil to reduce their dependence on the US dollar. In general, this interview provides incredible insights into understanding currency & commodity movements and where the world is moving in the coming decade.
- Click here to view the full show notes
In this episode you will learn:
- Why China keeps acquiring more gold
- How the US has created a dominant global currency that's on the brink of decline
- How ratios like the oil to gold price are used to understand larger macro concepts
- The role of cryptocurrencies in a de-pegged world
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