The winds of financial woe are howling, and the once-mighty US dollar is quivering in its boots. Macro strategist Luke Gromen is sounding the alarm, warning that the greenback’s value will continue to wither away like a raisin in the scorching sun of a $36.60 trillion national debt 🌟.
In a recent YouTube update, Gromen laid out the dire situation: the US, with its record-level debt, is caught between a rock and a hard place. It’s a choice between sacrificing the bond market or letting the dollar fall, a decision that’s about as appealing as a plate of stale crackers 🥠.
According to Gromen, the US government will ultimately opt for the path of least resistance: debasing the dollar by printing more money to manage its debt. It’s a move that’s as predictable as a politician’s promise to “create jobs” and “stimulate growth” 🤑.
“What we’re seeing in these bond markets, US and more importantly for the moment Japan and the UK, is a choice. You got to sacrifice your currency or you to sacrifice your bond market. And our view, really the base underpinning of our view why gold and Bitcoin are trading where they are trading, is they always choose to sacrifice the currency…
Because if they sacrifice the bond market and let rates just go up and up and up, given their debt levels, they ultimately end up sacrificing both: the currency and the bond market because higher rates drive receipts down and interest up and that means interest quickly goes above your receipts.
And when that happens, that drives essentially hyperinflation of the currency. Either they can’t pay the bonds and the bonds back the currency or more likely, they print the money just to pay the interest and drive a version of hyperinflation.
So they always choose to sacrifice the currency over sacrificing the bond market when debt levels are high as they are and that’s why, because sacrificing the bond market only buys them a little bit of time, and they ultimately end up sacrificing both.”
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2025-07-13 23:12