BCB071_LUKE GROMEN: You Can’t Print Energy
Blue Collar Bitcoin
The Fed's Three Mandates Are Not Working, but It's Working
California tax receipts in July come in 12% below expectations, stocks, houses. New York City estimated tax payments down 31% year over year in July. The Fed told us in 2020, April 2020, Powell said, you know, use the phrase, treasury market dysfunction. We need to make sure markets are functioning. And that's when they're going to stop breaking stuff.
Luke Gromen of The Forest for the Trees joins Josh & Dan talk macroeconomics, energy, and the FED's current predicament. Luke is a bellwether of macroeconomic thought. He is on our short list of trusted voices, and boy did he deliver!
SHOW SPONSORS:
**CROWDHEALTH BTC**—Leverage the Power of Bitcoin + Health Care Crowdfunding to put decisions about your health back in YOUR hands.
What if you didn’t have to pay healthcare premiums anymore? What if you could invest in bitcoin instead? With CrowdHealth, you can put aside money for health expenses in your own account, and even hold a large part of it in bitcoin — if bitcoin goes up, you get the upside — not big insurance companies. Go to joincrowdhealth.com and use code BLUE now and experience freedom from health insurance by utilizing Bitcoin!
**CAPITAL LOGISTICS**—Capital Logistics is a non-asset based third-party logistics firm specializing in temperature controlled freight. There are countless details involved with carrying perishable freight, and we are extremely well-versed in all aspects. Capital Logistics offers personalized, 24/7 service, unparalleled visibility on your shipments, and the most competitive rates on both domestic LTL and FTL trucking and cold chain solutions. Capital Logistics is a Blue Collar Company supporting Blue Collar Bitcoin! They also STACK BITCOIN on their balance sheet! Support Bitcoin Companies!
(Domestic Freight — International Freight)
**LEDN**—A Bitcoin forward financial services company that has chosen to mirror and embrace the transparency, accountability, and auditability of Bitcoin itself by undergoing Proof of Reserves. Use Bitcoin as collateral and access dollar loans with Ledn Bitcoin backed loans. Harness your Bitcoin holdings to buy a new property or finance the home you already own with the upcoming Ledn Bitcoin Mortgage Product. Save Bitcoin and USDC and have access to Ledn's Dollar Loans and trading service. You can look into Ledn’s well architected menu of services at Ledn.io (All products and services subject to availability & jurisdiction.) RECEIVE $10 USDC by signing up and funding using the following link: start.ledn.io/bluecollarbitcoin
**COINKITE**—Makers or the best Bitcoin security hardware in the world. Use PROMO CODE "BCB" for 5% off ColdCard Mk3 purchases at coinkite.com. Coinkite is the producer of the iconic ColdCard. ColdCard is widely regarded as the MOST secure signing device in existence, and can be used by beginners all the way up to the most advanced users (The 2 of us have relied on this device for years.) If you wanna get frisky, check out the BlockClock Mini, this beauty sits on a bookshelf or hangs on the wall and displays any metric about Bitcoin you can think of. BlockClock Mini is a lust worthy addition to any Bitcoiners home. Other Coinkite products include the OPENDIME, the SATSCARD, the TAPSIGNER, the SEEDPLATE, COLDPOWER and sweet hats. All available at coinkite.com.
SUPPORT THE BCB PODCAST:
⇨TIPS: strike.me/bcb (tips also open on Twitter)
⇨PODCAST 2.0 STREAMING: You can stream us fractions of a cent via Bitcoin sats on the Lightning Network! We are live on Podcast 2.0 apps & wallets, including apps like Fountain, Breez & more.
ABOUT LUKE:
Luke Gromen has become one of the most respected names in the global research sector. Having been in the industry for 20+ years and earning a reputation as a client-focused analyst with an unparalleled ability to make broad connections between increasingly siloed industry news and drawing conclusions that help investors understand the bigger picture. Luke offers unique and insightful research derived from a wide variety of sources that provide a clearer picture of global macroeconomic, thematic, and sector trends.
ITEMS MENTIONED IN THE SHOW:
TWITTER: Follow Luke @LukeGromen, Follow Blue Collar Bitcoin Podcast @blue_collarbtc
EMAIL: Send us questions, comments, or feedback at bluecollarbitcoinpodcast@gmail.com
The AI-powered Podcast Player
