Luke Gromen: "Peak Cheap Oil and the Global Reserve Currency"

Luke Gromen: "Peak Cheap Oil and the Global Reserve Currency"

On this episode, financial analyst Luke Gromen joins Nate to discuss how the availability of cheap energy has underpinned our current financial architecture and expectations - and what peak cheap oil implies for the future. A central part of this story is the rise of the US dollar as a global reserve currency tightly linked with the ability to purchase oil - subsequently leading to the US becoming a major exporter of debt. How have countries with economies based on natural resources and manufacturing differed in their response to geopolitical uncertainty in comparison to those who are based around finance and the service industry? What might the response be from countries holding US debt in anticipation of a declining oil supply? What does this mean for the future of global currencies in a simplified global economy and a finance system that will eventually need to be re-tethered to the finite nature of Earth?

About Luke Gromen:

Luke Gromen is the Founder and President of research firm Forest For The Trees, LLC, whose goal is to aggregate a wide variety of macroeconomic, thematic and sector trends in an unconventional manner to identify investable developing economic bottlenecks for clients. Luke founded FFTT to apply what clients and former colleagues consistently described as a "unique ability to connect the dots" during a time when he saw an increasing "silo-ing" of perspectives occurring on Wall Street and in corporate America. Luke has 25 years of experience in equity research, equity research sales, and as a macro/thematic analyst. He holds a BBA in Finance and Accounting from the University of Cincinnati and received his MBA from Case Western Reserve University. He earned the CFA designation in 2003.

For Show Notes and More visit: https://www.thegreatsimplification.com/episode/91-luke-gromen


To watch this video episode on Youtube → https://youtu.be/bIq0o40Jo80

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Richard Gephardt: "Democracy: Old School vs New Reality"

Richard Gephardt: "Democracy: Old School vs New Reality"

On this episode we welcome the Honorable Richard A. Gephardt to explore the challenges and opportunities present in our modern democracy. In his first-ever podcast appearance, Leader Gephardt details what he believes to be the primary challenges facing the United States today. He explains the conflict of interest between the business plans of social media platforms, civil society, and functioning democracy. He contrasts 9/11 and the Iraq war to current polarization and Jan 6 episode, as well as discusses what he's doing to help work toward solutions. Gephardt additionally explains the importance of civic engagement, the importance of public service, and why he feels encouraged by the care that younger generations display for climate change and democracy. About Richard Gephardt Richard Gephardt is an attorney, author, lobbyist, and politician who served served 28 years in the United States House of Representatives. He is the President and CEO of the Gephardt Group, where he works to inspire a new understanding of citizenship based on activism to bring about economic, social, and political change. Gephardt previously served as the United States House Majority Leader (1989-95) and House Minority Leader (1995-2003). He is the author of three books, including An Even Better Place and The American Immigrant: The Outsiders. For Show Notes and Transcript visit: https://www.thegreatsimplification.com/episode/01-dickgephardt

12 Jan 20221h 5min

Trailer

Trailer

The Great Simplification with Nate Hagens is a podcast that explores money, energy, economy, and the environment with world experts and leaders to understand how everything fits together, and where we go from here. As we reach peak fossil fuel use, we'll need to adapt new, simpler ways of living. The Great Simplification with Nate Hagens explores the problems facing humans, helps us understand how we got here, and looks ahead to where we go. Featuring conversations with world-class experts including doctors, economists, and scientists. Find out more: http://thegreatsimplification.com

10 Jan 202245s

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