Economic Showdown: The Dollar's Fate Unveiled?
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- čas přidán 4. 06. 2024
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In this episode of the Jay Martin Show, I sit down with renowned financial analyst Luke Gromen in a compelling conversation about the current state and future of the global economy, with a special focus on the challenges facing the U.S. dollar. We delve into U.S. economy’s health, exploring the potential consequences of its current trajectory and the global shift towards de-dollarization. The conversation also covers the impact of geopolitical tensions, particularly involving the U.S., China, and Russia, on economic strategies and the financial markets. We analyze the dynamics of global debt, the stock market rally, and the future of speculative growth stocks. Furthermore, Luke shares his valuable insights on investment strategies in the context of the evolving economic landscape. This episode is a must-watch for anyone interested in understanding the complex interplay of economic forces shaping our world today.
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00:00 Introduction
1:30 Grading the U.S. Economy's Health
2:15 The Crucial Final Exam for the U.S. Economy
2:22 Consequences of Failing to Lower the Dollar
2:44 Confidence in Economic Authorities
3:24 Future Economic Scenarios and Risks
4:06 Global Debt Dynamics and Dollar Impact
6:36 Strategies to Weaken the Dollar
10:01 Analyzing the Current Stock Market Rally
10:44 Future of Speculative Growth Stocks
13:09 Geopolitical Influence on Financial Markets
17:14 Key Geopolitical Red Lines and Implications
22:13 Debunking Myths Around Dollarization
28:45 The Importance of Dollar Transaction Percentages
35:31 China’s Strategy for Future Energy Supply
41:42 Taiwan: A Red Line for the U.S.?
45:10 Larry Summers’ Role in Global Finance Dynamics
47:27 Luke’s Current Investment Strategies
I watch a LOT of big names, interesting people.... but Luke Gromen is a combination of the smartest guy in the room; the easiest of brilliant people to understand (I don't understand Jeff Snyder enough to judge); and easily the one who just feels correct. I have spent the last half century trying to get a handle on International relations (I majored in it at Berkeley) but what Luke just laid out blows me away!!!
Feel the same about Jeff Snyder, can’t understand him
Ha ha I can't either.
Great interview. Luke definitely understands macroeconomic issues we and the world are facing today.
Long term investor but also would like to make some profit short term so I can invest it back, Have told myself I won’t invest more this year unless i make some profits, but can I safely invest another $100k? What should I do differently?
Just wait, keep your current or sell them and come back when risk is lowered cos it’s at all time time high, alternatively you can speak to a certified market expert
A colleague once proposed the idea of diversification to me, hopefully for positive results to offset any negative performance. At once, I backed it up using an advisor in order to avoid any fiasco. As of today, my portfolio has yielded over $450k in profits, from an initial $180k this year alone... maybe you should do the same.
impressive gains! how can I get your advisor please, if you dont mind me asking? I could really use a help as of now
My advisor is Nicole Desiree Simon You can easily look her up, she has years of financial market experience.
Thanks for this. I curiously searched for her full name and her website came first. I looked through her credentials and did my due diligence before contacting her. Once again many thanks
I’ve been looking for interviews with Luke Gromen. Did not understand his take whatsoever at first, but a second interview I started to understand a bit, then a third and I understood a bit more and realized Luke is a great resource. Bonds in general are tough, really tough to understand. Glad to have Luke as a teacher. Thanx for the interview.
👍🏼
A weak dollar can signal an economic downturn, making me to ponder on what are the best possible ways to hedge against inflation, and I've overheard people say inflation is a money-eater thus worried about my savings around $200k
The stock market is a way to hedge against inflation. Most notably amidst recession, investors need to understand where and how to allocate funds to hedge against inflation and still make profits.
in my opinion, the impact of the rise or fall of the U.S. dollar on investments is multi-faceted but learning how to grow your money has never been easier than now that you can explore and experience a truly diverse marketplace passively by using a well-performing portfolio-advisor.
Exactly why i enjoy my day to day market decisions being guided by a portfolio-coach, seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/ analvsis they have, it's near impossible to not outperform, been using a portfolio-coach for over 2years+ and I've netted over 400k.
Could you recommend who your advisor is? I've been looking to make the switch, because it seems like the most sensible thing to do in the market. I have heard of investors pulling in hundreds of thousands of dollars despite all the downturn.
My advisor is “Natalie Lynn Fisk” highly qualified and experienced in the financial market. She has extensive knowledge of portfolio diversity and is considered an expert in the field. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market..
Patara from Appalachia Homestead recommended you highly..I am now following you also..
Luke is the real deal
🫡
Luke is 100% right! This will happen! 😮
What will happen? He was hedging the whole time
@@matthewmorgan7106 the world economy is unfathomably complex. its all probabillity estimation
This was a great interview. Thank you guys.
I like your show. I am not looking for a "home for my cash". I am looking for storage and preservation of wealth. I own Gold, Silver and mining stocks...nothing else. This is the destruction of currencies in the West. There will be few places to "hide". Some assets will reign supreme. Gold/Silver will be and ARE money.
Did you find a safe storage facility in the US?
I currently have $800k in a high yield savings account, yes I’m making gains but to what extent with inflation eating away at the dollar? Am I better off investing in the stock market or buying a house?
Gold or bonds. Gold has been a top performing asset over the last 30 years.
Gold is a great investment and a good bet against the devaluating dollar, been holding some for awhile now. I’m grateful for this tip from my adviser cos her moment by moment changes in the market are lightening quick, who know how much losses I would’ve had by now.
@@kashkat987 I hope it's okay to inquire if you're still collaborating with the same advisor and how I can get in touch with them as i'm in a similar situation to the initial commenter?
Certainly.....'Monica Selena Park' deserves credit as one of the finest financial planners who decides what assets i acquire. Her reputation precedes her, and I highly recommend her on a public post, you can look her up to locate her online if you are internet-savvy
Thanks for sharing this. I curiously searched for her full name and her website came up top search. I looked through her credentials and did my due diligence before contacting her. Once again many thanks
Some US citizens are dedollarizing too. Get precious metals ASAP guys🥈🏅🥈🏅🥈🏅🥈🏅🥈🏅🥈
Always remember lead will trump gold buy lead also
@@johndoe-pe9dy I have a couple of full sized Grandfather clocks.
One of them is 175 years old.
Made in Finland.
Had to get a repair done 20 years ago.
Called a couple guys who do those repairs.
The only thing they wanted to know was
"Can you attach a magnet to the weights"
Yes or No.
The answer was yes. The weights were Ferrous Metal (iron).
Not original.
The original weights were Lead.
Long ago turned into bullets.
Americans have been shielded from reality for too many years.
Every time I listen to a Luke Gromen interview I learn something new.
Thanks Luke.
It's a privilege to listen to your analysis.
Excellent interview!
Great interview with Luke and always a Great Show, Jay! Thanks!
Come on Jay. If you're going to wear a T-shirt during an interview, wear a wife beater. Luke is one of the best.
Excellent report 👍👍👍👍👍👍
Love Luke’s analysis. But the 13:56 mark has me dead on the visuals. XD
Great conversation.
Every crash/collapse brings with it an equivalent market chance if you are early informed and equipped, I've seen folks amass up to $1m amid crisis, and even pull it off easily in a favorable economy. Unequivocally, the bubble/collapse is getting somebody somewhere rich
I heard keep your eyes on the Deutsche Bank. If it fails then Japan will go down then USA. Janie Duvall had one interesting video today.
LG - one of the best!
Smart guy, Luke
How was the dollar cheapened without QE or lowering interest rates? Thank You.
Luke is on my top three list
👍
Hey did you know now it costs $2.72 to produce one penny. It’s true. It costs just over $10 to make a nickel,etc. Did you know they produce billions of these each year? That is the true rate of inflation they can’t manipulate🎉
Where did you get this pricing info from?
@@femvetusa5263 The United States Mint. Crazy right? I couldn’t believe it either. There’s so much more than that. It’s not sustainable.
We need a Brent vs Luke debate
Brilliant
🙌🏼
Luke be the Man 😊
Fun conversation
Brillant. China is the world's factory and exchanging RMB for oil and back for goods plus balances in gold makes good sense. Same for Australia for iron ore and coal. No need for the USD.
Forget the strength of the USD it's a minor issue. The most important issue at the present time is the potential collapse of the US banking sector in a sequal to the GFC. Losses crystalised this week alone are $670 Billion. The Fed has placed a sticking plaster over the banking sector, but it's a temporary solution and when the banks crash ............
Why can't Americans be honest ?? Cheating - Lying - Deceiving seems a national disease??? Or maybe a realisation of being totally screwed is dawning upon them - and the demise of the realm is a reality - to be postponed by covering the eyes and living in total denial -- good luck
Some of us can see the truth and are preparing accordingly !
Luke is right about Europe and the strategics of America, we in Europe suffer now.
WE SUFFER BECAUSE US EUROPEANS WE ARE US ZIONISTS BANKERS VASSALS
The reason For digital dollar. Because you are going to need so many dollars to pay for a loaf of bread. 50.00 for loaf bread 70.00 for lunch meat and on and on that's why you need plastic.
And then once the digital dollar is implemented you’ll be eating cockroach sandwiches on bread made from cricket flour
Damn/ dude is smart
Every day, we are confronted with new difficulties. It is currently accepted as the standard. We mistaken it for a crisis at first, but now we realize it as a new normal to which we must adapt. What steps can we take to improve income during the quantitative adjustment, given that 2023 will be a year of severe economic hardship for the whole country? I can't let my $800,000 in savings vanish after all my hard work.
Utilizing a portfolio advisor when investing is, in my opinion, fantastic. I was really suffering financial nightmares before speaking with a certified portfolio advisor, right before the pandemic crash in March 2020. In conclusion, I have so far increased my initial $460k investment to over two million dollars with the help of my advisor.
@@danieljackson87 Where may one locate a wise FA? Even while I like the idea of using their services, it's unfortunate that recent stock market catastrophes have started to happen more frequently.
Julie Anne Hoover is the brokerage adviser. She has been quite helpful, and as a result of her advice, I now have a better understanding of how to make money. You can reach her by looking for her online and heading to her page. She is an expert in her field.
@@danieljackson87 I did look her up; she is full up, and her credentials and resume are excellent. Regardless, I scheduled a consultation with her.
Everything is rigged
China cannot sell all of their dollars. They still need to keep some dollars to buy things especially as their economy is collapsing quickly. But he is correct that we need to bring down the value for sure.
❤ heroes
I am truly impressed by the video you shared and I want to express my gratitude for breaking it down into digestible pieces. Even though the current economic climate is facing a downturn, I am ecstatic to share that I have been experiencing significant financial gains. To be more specific, my initial investment of $9,000 has resulted in returns of $60,000 every 21 days. This news brings me immense joy and I am grateful for the opportunity to share it with you.
Wow I'm just shocked you mentioned expert Lauren thought I'm the only one trading with her
How to start? How much money needed?
I use a trading platform with help from Mrs. Lauren, my long-time professional assistant, and have profited greatly from her trading strategies.
How did you make so much in the crypto market? I've heard about Mrs. Lauren's genius mind.
I need someone like this lady I need the info to message and talk to her, I need to win too
How does the America NOT collapse if the world leaves the petrodollar? Serious question
Can luke help me balance my funds
The Dollar index is going much higher. Short term the dollar index is going to 114. The Euro just trigged a sell signal on the daily charts. Be very careful. We are in a post bubble contraction.
The dollar is the only game in town. If not, the last two years with all the geopolitical problems, we would have seen much higher prices for gold and crypto. According to your guest , USA sells only weapons and treasuries. I guess he doesn't count oil, technology, agriculture, planes, entertainment... All that stuff gets paid for in dollars. Those dollars will continue to go in T-Bills and Bonds. All the stuff that American import is paid for in dollars. No other country or the EU is even a remote second. Good luck with gold as a medium of exchange in a digital world.
In the digital world that you describe, you vill own nossing, eat zee boogs und be happy. So you better hope that someone figures out using gold as a medium of exchange, unless of course you like crickets 🦗
🏅🥈🏆😃👌
i think $ dominant
If someone pays me in Yuan or Rubles, or Bitcoin, I'm going to change them into dollars.
luke groman is still un biased unlike all the doom porn analyst hahaha
Excellent interview