Podcast

The End of the Petrodollar | Luke Gromen

Get Ready for a Massive Economic Shift

Jun 6, 2024 • 1 min read

“Energy is the base layer of money” - that’s how our guest Luke Gromen puts it in today’s episode.

Luke is an Author and Investor who gives us a completely new way to look at money, through the lens of energy costs.

The essential learning of today’s show is that you can’t understand money until you understand energy markets. Apart from that Luke explains why the price of oil is about to force a monetary system change, why the 60/40 portfolio is dead and much more.

TIMESTAMPS

0:00 Intro

5:57 Luke’s Thesis

12:23 Energy lens

23:23 Arc of the Dollar

28:31 Why Oil?

31:31 Energy as a Denominator

38:12 Energy Price Changes

45:31 Energy Miracles

59:22 Monetary System Change

1:10:41 Capital Controls

1:18:12 Future of the US

1:24:56 How to Prepare

1:30:37 Closing & Disclaimers

RESOURCES

Luke Gromen

https://x.com/LukeGromen

Luke Gromen Weekly Newsletter

https://fftt-treerings.com/

FTT, LLC

https://fftt-llc.com/

Visualizing the History of Energy Transitions

https://www.visualcapitalist.com/visualizing-the-history-of-energy-transitions/

Not financial or tax advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This newsletter is not tax advice. Talk to your accountant. Do your own research.

Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here.

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