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TFTC: A Bitcoin Podcast

#578: The USA Is Losing Its Leverage with Luke Gromen

TFTC: A Bitcoin Podcast

Marty Bent

Technology

4.8764 Ratings

🗓️ 31 January 2025

⏱️ 76 minutes

🧾️ Download transcript

Summary

Marty sits down with Luke Gromen to discuss what America needs in order to maintain its foothold in the geopolitical power balance.


Luke on Twitter: https://x.com/LukeGromen

FFTT: https://fftt-llc.com/


0:00 - Intro 0:36 - Tariffs 4:30 - DeepSeek 12:09 - Bessent's reset 16:56 - Fold & Bitkey 18:51 - Liquidity crisis and the big print 25:42 - Speculating on a deal with China 29:56 - Unchained 30:57 - Europe is losing 38:24 - Gold price and SBR 45:22 - History of gold’s official price 50:03 - Is the bandaid coming off soon? 55:03 - Bitcoin-backed lending 1:01:41 - There’s hope for cooler heads 1:13:06 - SAB 121 repeal


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Transcript

Click on a timestamp to play from that location

0:00.0

You've had a dynamic where money has become freer than free.

0:10.0

If you talk about a Fed just gone nuts, all the central banks going nuts.

0:16.0

So it's all acting like safe haven.

0:18.0

I believe that in a world where central bankers are tripping over themselves to devalue their currency,

0:24.4

Bitcoin wins.

0:25.3

In the world of fiat currencies, Bitcoin is the victor.

0:29.1

I mean, that's part of the bold case for Bitcoin.

0:31.8

If you're not paying attention, you probably should be.

0:36.3

Very interesting times.

0:38.8

And I was just saying, it seems like we're getting to see a lot of your

0:43.2

theses play out in real time as Trump takes over as president here.

0:48.8

Again.

0:50.0

Again.

0:52.4

And I think within the last 48 hours too there's this been this talk of tariffs

0:57.6

and i've seen you discuss the topic of tariffs on other shows and whether or not they'd actually

1:04.1

be beneficial or counterproductive to trump's ultimate goals and i think with what happened with col with Columbia over the weekend may signal that tariffs are nothing more than a bargaining chip to force people to the table when he wants certain things out of certain countries.

1:21.7

And so what was your take on the Columbia and the levying of tariffs and Columbia bending the knee with within 12 hours.

1:31.9

You know, I mean, what I saw of it was, you know, they said they weren't going to do it.

1:37.6

And then he threatened a whole laundry list of things, not least of which that I thought was the I-E-E-E-E-P-A tariffs, which I don't think a lot of

1:49.7

people understand what those are, but those are something signed, I guess, by President Carter.

1:56.6

And it's basically, we'll take your treasuries. And I don't think people understand, or we'll place levies or will freeze your treasuries

2:04.5

or we'll place a levy on them or we'll do something that you will not be able to use them.

...

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