Be sure to checkout my newest conversation with Luke Gromen. We cover the macro situation for 1Q 2022. Interest rate hikes, reverse repo, China water & energy, and much more. You won’t want to miss it. - Preston IMPORTANT: We would like to remind the TIP Community to beware of cyber scams & phishing attacks. We have received reports of fake accounts claiming to be affiliated with The Investor’s Podcast Network or posing as one of our hosts. Please help us report those suspicious accounts. We will never reach out to you for any business or investment opportunity. Stay vigilant!
Someone needs to make a good visual animation explaining actions between the fed/banks/usg swapping assets, I've seen Luke explain this a few times but it's still hard to understand the mechanics just hearing it.
George Gammon did a great whiteboard video of Luke’s recent Russia/Ukraine US sanction situation. Doesn’t go over what you asked, but it’s possible he’s done a whiteboard of what you need.
Luke awesome as always ! Ps: I don’t understand why people despise fiat currency so much . Yeah ok it loses value overtime but who cares if you know not to hold fiat currency long term in your hand . What is imo very scary is a 1930 depression …. I rather live in the 1940s or 70s instead of the 1930s …. The problem isn’t fiat , it’s the government deficit in the first place that create inflation right ? Unlimited elasticity of a currency must have advantages too sometimes ?
Bill Miller’s Value Trust performance from 1999 to his leaving was as volatile as BTC/AMZN.. He shifted his benchmarks to fit his stock picks and charged nearly 2% for what was then touted as a plain vanilla fund …. Hope he makes money but let’s get real about his status as an investing genius.
Saudi riyal won't fall bro... actually their standards going to raise if they terminate dollars. America will fall bro. But its quite complicated for some years for all countries in transition period but eventually they will come over. If Saudi took the big decision to terminate petrodollar,,,then it will be an end to America's super power thing.2024 is a game changer
This one was pretty difficult to follow, but it's probably because nobody knows what the hell is gonna happen until CB's intervene or politics intervene. IMO both should do nothing until we get supply chains back in order or on the up & up, but knowing these guys they are gonna add a FUCK ton of chaos to this already unstable system :D
I don't understand this at all, and maybe someone can methodically explain it. First, who owns more bonds than the fed? Will they not have a self interest on not letting inflation run too hot because they own so much bond debt??? Next, what would letting inflation run hot do to people who live on fixed income, retirements, trusts, insurance, banking, etc etc? Also, if like to note that the CPI came in at 7%, and although the fed would like everyone to parrot the concept that the CPI is inflation, this is patently false. This is how the fed chooses to measure it. In fact, even the CPI was calculated much differently, and if you were to use the CPI methods from the 70s, we are actually experiencing more like 15% inflation, as measured by the old CPI. If this were to include all asset classes, God only knows what it would be.
When you get to print money for free, and currently hold almost 10 Trillion dollars of US debt. Even at 1% interest they are making 100 billion per year. Off basically nothing. So I don’t think a higher than normal CPI print concerns them, when their true issue is keeping the game going. Once the game stops, The Fed goes bust. And to keep the game going they need higher inflation
Be sure to checkout my newest conversation with Luke Gromen. We cover the macro situation for 1Q 2022. Interest rate hikes, reverse repo, China water & energy, and much more. You won’t want to miss it. - Preston
IMPORTANT: We would like to remind the TIP Community to beware of cyber scams & phishing attacks. We have received reports of fake accounts claiming to be affiliated with The Investor’s Podcast Network or posing as one of our hosts. Please help us report those suspicious accounts. We will never reach out to you for any business or investment opportunity. Stay vigilant!
This was outstanding, thanks guys!!
Simple, Preston is the most knowledgeable, balanced, curious interviewer and always asks the right questions.
SOOOO GOOOD! Love Luke. smart discussion with both of you. thank you!
Is not that good...
That was a great interview! Many thanks...
Glad you enjoyed it!
Someone needs to make a good visual animation explaining actions between the fed/banks/usg swapping assets, I've seen Luke explain this a few times but it's still hard to understand the mechanics just hearing it.
100% agreed. Huge value add if someone could put a flowchart because its like trying to untangle a bowl of spaghetti
George Gammon did a great whiteboard video of Luke’s recent Russia/Ukraine US sanction situation. Doesn’t go over what you asked, but it’s possible he’s done a whiteboard of what you need.
Luke is brilliant thanks for this
Invaluable. Thanks.
Great discussion 👍🏻 Tks for the interesting content
Fantastic!
Thank you! Cheers!
Another great conversation.
Love this guest (HBD to the host as well)
Gran Tierra energy GTE on the NYSE
So is the repo market just a way to circumvent Basel III regulations?
The Gromenator
Luke is just the best
Luke awesome as always !
Ps: I don’t understand why people despise fiat currency so much .
Yeah ok it loses value overtime but who cares if you know not to hold fiat currency long term in your hand .
What is imo very scary is a 1930 depression ….
I rather live in the 1940s or 70s instead of the 1930s ….
The problem isn’t fiat , it’s the government deficit in the first place that create inflation right ?
Unlimited elasticity of a currency must have advantages too sometimes ?
China has flood issue and he is saying China has no water?
Drinking water
Give me a one-handed economist! All my economists say 'on the one hand...', then, 'but on the other hand...”
― Harry Truman
Bill Miller’s Value Trust performance from 1999 to his leaving was as volatile as BTC/AMZN.. He shifted his benchmarks to fit his stock picks and charged nearly 2% for what was then touted as a plain vanilla fund …. Hope he makes money but let’s get real about his status as an investing genius.
BTC for petro!
Saudi riyal won't fall bro... actually their standards going to raise if they terminate dollars. America will fall bro. But its quite complicated for some years for all countries in transition period but eventually they will come over. If Saudi took the big decision to terminate petrodollar,,,then it will be an end to America's super power thing.2024 is a game changer
This one was pretty difficult to follow, but it's probably because nobody knows what the hell is gonna happen until CB's intervene or politics intervene. IMO both should do nothing until we get supply chains back in order or on the up & up, but knowing these guys they are gonna add a FUCK ton of chaos to this already unstable system :D
The first 30 minutes specifically. The rest made a lot more sense.
Crypto taking electric energy is ridiculous and a major waste of trading game cards does that go way over your head
China needs to look into drilling for primary water.
I don't understand this at all, and maybe someone can methodically explain it. First, who owns more bonds than the fed? Will they not have a self interest on not letting inflation run too hot because they own so much bond debt??? Next, what would letting inflation run hot do to people who live on fixed income, retirements, trusts, insurance, banking, etc etc?
Also, if like to note that the CPI came in at 7%, and although the fed would like everyone to parrot the concept that the CPI is inflation, this is patently false. This is how the fed chooses to measure it. In fact, even the CPI was calculated much differently, and if you were to use the CPI methods from the 70s, we are actually experiencing more like 15% inflation, as measured by the old CPI. If this were to include all asset classes, God only knows what it would be.
A lot of institutional funds like CALPERS for example have a mandate to own 40% bonds. They have no choice.
Hang out on twitter and listen to podcasts and you learn slowly but surely...Follow Preston, Luke, Lyn Alden, Jurrien (fidelity) etc
@@TheBitcoinRevolution That was both demeaning and a non answer answer.
When you get to print money for free, and currently hold almost 10 Trillion dollars of US debt. Even at 1% interest they are making 100 billion per year. Off basically nothing. So I don’t think a higher than normal CPI print concerns them, when their true issue is keeping the game going.
Once the game stops, The Fed goes bust. And to keep the game going they need higher inflation
Is he seriously blaming supply chain on the virus? Never mind all the California policies!