U.S Dollar & Energy's Role In The "Debt Death Spiral" End Game | Luke Gromen

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 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 all this and more, you'll have to tune in!

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Timestamps:

(00:00) Introduction

(01:15) Have We Reached Peak Cheap Energy?

(07:58) Permissionless II Ad

(08:46) Oil Is The Real Economic Discount Rate

(13:06) Central Banks Have Stoped Buying U.S Treasurys

(19:03) What's The End Game For The Fed?

(27:38) Why The U.S Is Not Like Japan

(32:12) Research Ad

(33:02) Luke's Macro Outlook For 2023

(40:29) Approaching A "Debt Death Spiral"

(42:44) Gold & Bitcoin

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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.