Luke Gromen: U.S. Can ‘No Longer Afford Debt’, Only One Way To Avoid Biggest Default In History

The David Lin Report, Released on 9/21/24 (Recorded on 9/16/24)

Luke Gromen, Founder & President of Forest For The Trees, discusses the insurmountable amounts of debt the U.S. now faces, and what must be done to avoid a sovereign debt default.

0:00 – Intro
1:20 – Dollar crisis
5:53 – Sovereign debt crisis
9:35 – Rising U.S. debt
9:30 – Dollar outlook
13:30 – Fed funding deficits?
18:45 – Causes of inflation
25:00 – Tariffs
27:35 – Anti-price gouging
30:18 – Inflation/interest rate outlook
33:00 – Gold and Bitcoin
42:00 – National security
45:00 – Recession signs

Luke Gromen is a graduate of the University of Cincinnati and received his MBA from Case Western Reserve University. He earned the CFA designation in 2003. Luke provides strategic consulting services for corporate executives and is the founder of The Forest For The Trees, LLC, a macro/thematic research firm catering to institutions and individuals.

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