Luke Gromen: “The U.S. Can’t Afford Positive Real Rates” — Gold, Bitcoin & the End of the Bond Market

When veteran macro analyst Luke Gromen joins Jim Iuorio and Bobby Iaccino on Futures Edge, you know it’s going to get real. From China’s dominance in rare earths to the Fed’s quiet monetary pivots, Luke breaks down why the U.S. financial system is at a breaking point — and what assets (like gold and Bitcoin) might actually survive it. In this episode, - Is America “screwed”? - Why the bond market’s days are numbered - How decades of offshoring reshaped the middle class - The silent war between Treasury policy and real assets - Bitcoin vs. Gold: Which wins in the next liquidity cycle? This is one of the most insightful macro conversations you’ll hear this year — equal parts sobering and sharp. Timestamps: 00:00 Introduction and Context of the China Trade Deal 01:52 The Impact of China on the U.S. Economy 04:37 Quantitative Easing and Its Implications 07:27 Bitcoin vs. Gold: A Comparative Analysis 11:18 The Future of Gold and Bitcoin in Investment Portfolios 14:23 Political Implications for Bitcoin and Gold 18:15 Risks and Challenges Facing Bitcoin 26:10 Crypto Community and Political Influence 27:27 Tech Stocks and China Ownership 28:05 US-China Trade Relations and Tech Stocks 31:42 Gold and Bitcoin as Safe Havens 34:11 AI and the Tech Bubble 40:57 Future of the Federal Reserve 43:30 Impact of AI on Employment and Economy Follow along on social media: Twitter: https://x.com/bob_iaccinoTwitter: https://x.com/jimiuorioLinkedIn: https://www.linkedin.com/in/bob-iaccino/LinkedIn: https://www.linkedin.com/in/james-iuorio/Newsletter: http://theunfilteredinvestor.com/