The End of the Petrodollar | Luke Gromen

“Energy is the base layer of money” -  that’s how our guest Luke Gromen puts it in today’s episode.

Luke is an Author and Investor who gives us a completely new way to look at money, through the lens of energy costs. 

The essential learning of today’s show is that you can’t understand money until you understand energy markets. Apart from that Luke explains why the price of oil is about to force a monetary system change, why the 60/40 portfolio is dead and much more.

------
✨ Mint the episode on Zora ✨
https://zora.co/collect/zora:0x0c294913a7596b427add7dcbd6d7bbfc7338d53f/11?referrer=0x077Fe9e96Aa9b20Bd36F1C6290f54F8717C5674E 

------
🎬 DEBRIEF | Ryan & David unpacking the episode:
https://www.bankless.com/debrief-the-luke-gromen-interview 

------
📣 SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24 
https://bankless.cc/spotify-premium 

------
BANKLESS SPONSOR TOOLS:

🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE
https://k.xyz/bankless-pod-q2    ⁠

⚡️ CARTESI | LINUX-POWERED ROLLUPS
https://bankless.cc/CartesiGovernance 
 
🏠 CASA | SECURE YOUR GENERATIONAL WEALTH
https://bankless.cc/Casa  

🛞MANTLE | MODULAR LAYER 2 NETWORK
https://bankless.cc/Mantle 

🌐 TRANSPORTER | CROSS CHAINS WITH CONFIDENCE
https://transporter.io/ 

🔗CELO | CEL2 COMING SOON
https://bankless.cc/Celo 

------
TIMESTAMPS

0:00 Intro
5:57 Luke’s Thesis
12:23 Energy lens
23:23 Arc of the Dollar
28:31 Why Oil?
31:31 Energy as a Denominator
38:12 Energy Price Changes
45:31 Energy Miracles
59:22 Monetary System Change
1:10:41 Capital Controls
1:18:12 Future of the US
1:24:56 How to Prepare
1:30:37 Closing & Disclaimers

------
RESOURCES

Luke Gromen
https://x.com/LukeGromen  

FTT, LLC
https://fftt-llc.com/  

Luke Gromen Weekly Newsletter
https://fftt-treerings.com/  

Visualizing the History of Energy Transitions
https://www.visualcapitalist.com/visualizing-the-history-of-energy-transitions/  

------
Not financial or tax advice. See our investment disclosures here:
https://www.bankless.com/disclosures⁠