Luke Gromen: Peak Cheap Oil Will Drive The Next Sovereign Debt Crisis.
Peak Prosperity
Chris Martenson
4.7 • 591 Ratings
🗓️ 14 March 2024
⏱️ 81 minutes
🧾️ Download transcript
Summary
The ceiling is the oil price above which the US debt market crumbles. The floor is the minimum price needed to grow oil supplies. The ceiling and the floor are squeezing closer and closer…This was another barn-burner of an interview you won’t want to miss.
Transcript
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| 0:00.0 | Hello, everybody. Chris Martinson here, and today we're going to be talking about finance |
| 0:03.9 | and economics as part of finance you. Remember, anything that you see in this video and all |
| 0:10.2 | resources available at our websites or affiliated websites are not intended as or construed us financial |
| 0:15.8 | advice. This is for educational purposes. Remember, if you have a financial decision, please |
| 0:20.7 | consult a financial |
| 0:21.7 | professional. We are not attorneys. We're not CPAs. We are not financial managers. As well, |
| 0:27.9 | we do our best to be accurate. And everything we represent is as accurate as we know it to be. |
| 0:32.5 | Now, let's turn to our program. |
| 0:34.8 | We've got all three of those things in spades. and in his latest book, I forget the name of it, |
| 0:38.3 | he highlighted the U.S. is looking very much now like it did on those factors in the period |
| 0:44.6 | 1850 to 1855. |
| 0:47.1 | And obviously 1860 to 65 in this country were catastrophic. |
| 0:52.7 | Thank you. in this country were catastrophic. Welcome everyone to the Finance University podcast, one of the many |
| 1:08.1 | offerings by Peak Prosperity. I am your host, Dr. Chris Martinson. |
| 1:11.8 | And remember, nothing in this podcast shall be construed as financial advice. Everything is offered |
| 1:16.2 | purely for your education and that all financial decisions should be undertaken in consultation |
| 1:20.9 | with your financial advisor. Now, today's interview is the one we've all been waiting for. |
| 1:27.0 | As you know, our view at peak |
| 1:28.8 | prosperity is that you have to connect the dots, right? You've got to see across the silos of |
| 1:33.7 | information to have any hope of making any sense out of today's hyper-complicated world. |
| 1:39.4 | Luke Groman, with over 20 years of experience in the sector, has been one of the most respected names in global research, |
| 1:46.3 | having an unparalleled ability to make broad connections between the information silos, |
... |
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