
Luke Gromen - "NATO Countries Buying Up All the Silver"
About this episode
Paul Buitink talks to macro analyst Luc Gromen, founder of FFTT.They discuss the escalation between protesters and ICE in the US as well as the risks of civil war. Luke analyses Trump's performance so far and weighs in on how Europe should respond to escalations. Selling of treasuries and repatriation of gold are amongst the options.Luke believes Trump is like a cornered animal and the world could move to autarky.He believes gold is the only way out of the debt crisis and could go ninefold. Europe, US and Japan are behaving like emerging countries given their high debt load. Luke also zooms in on Japan. Furthermore he suspects that NATO countries are buying up silver.At this point he thinks Bitcoin behaves too much like a leveraged tech stock.Follow Luke here:https://fftt-llc.com/https://x.com/LukeGromenFollow Paul on X here:https://x.com/paulbuitinkTimestamps:0:00 Intro1:20 Luke Gromen and FFTT3:47 Tensions in the US, risk of civil war?7:38 Is Trump delivering11:12 Europeans dumping treasuries14:23 US supply chain issues22:19 New Plaza Agreement24:24 Why gold is needed for the reset28:32 Japan's debt struggle and unwinding of carry trade33:22 Should Europe repatriate gold35:33 The case for silver39:19 Gold to become the foundation of a new financial system42:48 Confiscation of gold and silver46:15 Luke's Bitcoin outlook51:07 Outro
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