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TFTC: A Bitcoin Podcast

#672: China's Rare Earth Dominance and the End of Dollar Hegemony with Luke Gromen

TFTC: A Bitcoin Podcast

Marty Bent

Technology

4.8764 Ratings

🗓️ 18 October 2025

⏱️ 67 minutes

🧾️ Download transcript

Summary

Marty sits down with Luke Gromen to discuss China's rare earth leverage over the US, the structural shift from Treasury bonds to gold as the primary reserve asset, the challenges of reshoring American manufacturing, and why the dollar system must debase as these tectonic geopolitical and monetary changes unfold.

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Transcript

Click on a timestamp to play from that location

0:00.0

You've had a dynamic where money has become freer than free.

0:10.0

If you talk about a Fed just gone nuts, all the central banks going nuts.

0:16.0

So it's all acting like safe haven.

0:18.0

I believe that in a world where central bankers are tripping over themselves to devalue their

0:23.5

currency, Bitcoin wins. In the world of fiat currencies, Bitcoin is the victor.

0:29.2

I mean, that's part of the bold case for Bitcoin.

0:31.8

If you're not paying attention, you probably should be.

0:36.4

Look, I have to start by saying I can already tell that the comment section is going to be elated for this catch-up because this is the first one where you actually have a mic.

0:52.5

Yeah, I got a lot of feedback on that. And so, yeah, the Mrs. FFTT was finally, she's, she took care of me here. So I've got, I've got a very, it's apparently a good one. I wouldn't know if it's a good. Oh, it's the same one you've got. So it must be good. So, yeah, it's, it's here. So that's good.

1:12.6

It's, it's, the sound quality is, is impeccable.

1:16.0

And I think it's important that it's impeccable for this update because, as you were just saying, the world is getting crazier.

1:23.7

And I think we had a stark reminder of how crazy and volatile, it can get at least in markets over the last 96 hours with Trump's Friday, true social posts that sent markets into a tizzy.

1:37.2

And then predictable.

1:38.6

I recorded on Friday with somebody right after the post went out.

1:42.9

And I said, okay, we can expect a post on Sunday morning

1:47.5

or afternoon and sort of backing off from his statements. And that's exactly what happened for

1:53.4

those who were unaware Trump came out and said that we're going to put 100% tariffs on

2:00.7

China's rare earth metals because they

2:04.0

weren't cooperating in negotiations. And then Sunday said, hey, President G was just not in a good

2:10.1

state of mine. We're back into a good spot. What is what is this geopolitical volatility signal

2:16.0

to you?

2:28.2

I think it signals that China has a lot more leverage than a lot of the Western commentators are admitting.

...

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