TIP183: The Dollar Decline, China, Gold & Crypto Currencies w/ Luke Gromen (Investing Podcast)

The Investor's Podcast (We Study Billionaires) - The Investor’s Podcast Network

Stig Brodersen

Business, Education, Investing

4.6 • 3.6K Ratings

🗓️ 25 March 2018

⏱️ 65 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

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. IN THIS EPISODE, YOU’LL 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. BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members. Liaquat Ahamed’s book, Lords of Finance – Read reviews of this book. William Engdahl’s book, A Century of War. NEW TO THE SHOW? Check out our We Study Billionaires Starter Packs. Browse through all our episodes (complete with transcripts) here. Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool. Enjoy exclusive perks from our favorite Apps and Services. Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets. Learn how to better start, manage, and grow your business with the best business podcasts. 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Transcript

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0:00.0	You're listening to TIP.
0:02.0	Hey, so how's everyone doing out there?
0:04.4	I am super pumped about today's episode because our guest Luke Roman really gave us a fantastic
0:10.8	interview.
0:11.8	When Stig and I were done recording this show, we both looked at each other and we're
0:15.9	like, wow, that guy is really smart.
0:19.4	And I think you're going to see exactly what I'm talking about here in just a couple of
0:22.6	minutes.
0:23.6	During our discussion, we talked to Luke about the current situation with the US dollar
0:27.8	and why it might be in a long term downtrend that had just started this past summer.
0:33.5	Additionally, Luke provides substantial thoughts on China.
0:36.6	It's role in the global economy.
0:38.2	He talks about gold, crypto, the US equity market and much, much more.
0:43.5	So without further delay, we bring you Luke Roman from the macro-thematic research firm
0:48.6	Forrest for the Trees.
0:53.7	You are listening to the Investors podcast.
0:56.6	We study the financial markets and read the books that influence self-made billionaires
1:01.0	the most.
1:02.0	We keep you informed and prepared for the unexpected.
1:07.8	All right, so welcome to the show.
1:16.2	We have a guest here, Luke Roman.
1:18.2	As you guys heard in the introduction, Luke, we are pumped to have you on the show.
	...

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