The Reason the US Government Seized Russian Assets is Not What You Think: Luke Gromen

[@Topaz2022]

No government, in my opinion, has the right to seize the assets of another nation. This is not only unethical but shows the arrogance and ignorance of any nation that engages in this type of practice.

[@frankcooke3859]

And yet these people have the nerve to arrest others for theft..

[@danielhutchinson6604]

At one time it was called "Piracy".

[@Topaz2022]

@@danielhutchinson6604 Today, it's called stealing, robbery and blackmailing!!

[@acerrome9672]

@Chris, Great Comment.

[@joyholtzhausen8976]

Not to mention dishonesty (or is it desperation?)

[@michaelhueppeler7005]

Alexander Mercouris recently pointed out the difference in the US and Russian economies in that Russia is a natural resources/manufacturing economy with a 15% debt to GDP ratio vs the US financial economy with a 130% debt to GDP ratio who’s main export is the US$ with no manufacturing base, which doesn’t allow for a war footing. The short term Wallstreet mindset doesn’t allow for a long term oriented built up of weapons production, which the Russian economic model does.

[@jonathanbatturs6359]

Wow, so what your saying is Russia is just gonna kick back and play the waiting game with all there hired hands fighting in Ukraine.

[@timrutkevich3222]

@@jonathanbatturs6359 Russia is not Germany in WW2. There are no 10 millions army in Russia to make big difference in available labor

[@timrutkevich3222]

@@jonathanbatturs6359 On another hands Russia can say Fu to US and hire millions of North Korean migrant workers. it have been abiding by sanctions against North Korea so far. and what US can do? More sanctions?

[@righteousmammon9011]

The US is the second largest manufacturer in the world with 1/6th the people of China

[@carldrogo9492]

@@righteousmammon9011and? 🤷‍♂️

[@reggieduquesnoy]

The Pentagon has a cunning plan? This is straight out of Fawlty Towers and Monty Python! As usual, the US is playing poker, the Russians chess and the Chinese Go...pick your game. Who has time on their side? In Gold we trust.

[@indivisibleman8596]

The US plays 3 card monte

[@danielhutchinson6604]

BRICS Bucks are supposed to appear in August.

[@HotakaPeter]

So USA plays the sanctions card hoping Russia will fold (it hasn't) but keeps on bidding up its losing hand. F16's, what is next? Russia and China well placed medium term. Long term China has a demographic nightmare.

[@enzoh7763]

Funny, , IN GOD WE TRUST , From a secular country ? , ,

[@danielhutchinson6604]

@@enzoh7763 The manipulation of Religion is leverage. George Bush Sr proved that.

[@kevinhathaway7240]

Luke gives the establishment too much credit. These guys are making it up as they go. They produce reports that look 5-years into the future, but they operate day-to-day. The establishment knows that we could wake up any morning to another calamity similar to Pearl Harbor.

[@itstrue-lcw1]

We already did!! That was in 2001, September!😮

[@officescary8757]

The pearl harbor we may have known was coming?

[@RezFaraji]

Ya definitely. And EVEN IF the currently North American admin is thinking and planning into the future, the next generation won’t. You seen what’s happening in schools in Asia while we have trans story time taking over in ours? It’s over

[@pausereflect5911]

​@@RezFaraji Nah! The strategy employed by USA+West is Colonialism and Imperialism. That has been going on from when the US was a British colony and is the same today! Generations of people who do that are all in place. Trans and other rights etc is nothing but a ruse. Having said that it's that very thing that will end the western empire. Of course today that has not penetrated the western mind. It will!

[@LoloLolo-nv1wg]

All. Temperature to take us fack dollars down. That all. Stop printing fack dollars it is federal ofanc.

[@eliso5973]

US seized Iranian oil tankers (going to China) and Chinese cargo ships (going to Iran) too, but China didn't join US's sanction against Iran, so who gave US the right to seize their oil tankers and cargo ships?

[@christopherk140]

I’ve lost my Russian resource stocks to the USTREASURY… private property confiscated. Anyone know a lawyer doing a class action lawsuit???

[@larsnystrom6698]

@christopherk140 Ah, well the law has been broken. But the entire slogan of "rule by law" has also been invalidated. If you aren't aligned with the main agenda, you stand no chance.

[@christopherk140]

@@larsnystrom6698 lost approximately 25% of my IRA. Were great resource stocks paying over 6.5% dividends plus one bank and one hydroelectric company. I’ve written them off but there’s just a little hope of a possible recovering. Evil has eliminated fairness.

[@nagee76]

The lawyer who is willing to take up the class action suit will be isolated along with his law firm If he /his firm dared to take on the Democrat party lawfare thugs. There isn't a more deceiving and dishonest term than the so-called rule of law... It has been the rule of the most unethical lawyers and corrupt judges at least since FDR. You may not like to hear this but your society is exactly what philosophers like Frederick Bastiat warned about.. where the law itself is used as the central tool of authoritarian rule

[@rubicon3416]

​​@@christopherk140 - File suit against Victoria Nuland and the war loving neocons. They are the culprits.

[@advocate1563]

He already is Volker in relative terms. In 1980 US debt was 1 x GDP and interest rate 20%, 1 x 20 = 20. Today US debt id nearly 4 x GDP and interest rate 5%, 4 x 5% = 20. He has to back off. He's destroying the banks who can't shift their aggregate loan rate as fast as he's moved up.

[@johnedward1088]

After 50 years of working as a machinesr and toolmaker half of that in nuclear and rocket and laser research --- to say the military industry is hollowed out is a way big understatement.

[@zenlei8258]

Pentagon contractors still have world class talented workers. Only they are too expensive.

[@BlueWaterSTAX]

Absolutely fascinating conversation guys. Luke is a legend already, as are you Jay. I've learned so much from this channel, its incredible. Better get some more gold ASAP

[@undernetjack]

Because they broke, so they turn to crime, uh, par for the course. They do crime as a matter of daily life no longer recognize it as such.

[@pausereflect5911]

Yup! It's become a habit that they don't even recognize they are doing it! 😮

[@elpetrospierre]

This was a fantastic vid... dropped many moments of clarity on many related topics!! Loving the content Jay, thx Luke.

[@stuomsen5094]

Luke is a great guest always enjoy listening

[@robertdlucas7418]

There is a move to avoid using the dollar. The new unit will be back by gold and commodities and there will no longer be any one country whose currency is the world's reserve,like Keynes advocated.Keep on thinking that the dollar will retain its dominant position.

[@damrunner1]

Great information Jay and Luke! Thank you for the enlightenment!

[@jrabbit6862]

Stealing is nothing new to them

[@wvhaugen]

Wait a minute. So stealing Russian assets was intended to destroy the credibility of US Treasuries? Nonsense.

[@Matt_JPearce]

Great analysis by Luke. Laying out the play book for the next few years

[@geoffgjof]

Before watching the video, I'm guessing that it was also a way for them to freeze dollars/treauries from being sold as Russia de-dollarizes.

[@larsnystrom6698]

@geoffkuth7610 No, Russia had prepared for it to happen. But in some way, they didn't think the USA would be stupid enough to destroy the USD. It has hurt the USA more than Russia. Every expert knew it was a bad idea. But the USA government isn't run by any experts.

[@jimuren2388]

Aren't both China and Russia de dollarizing? Now joined by India, Saudi and a dozen others.

[@jeffc9673]

Corporate greed goes after cheap East Asian production; stupid strategic mistake.

[@YoRock1976]

I always enjoy Luke’s macroeconomic analysis. Great interview, Jay!

[@christopherbic7688]

Excellent discussion Gentlemen. Sharing of ideas

[@RonaldWarman-gr9kk]

Luke's knowledge is phenomenal on how the world economic market operates and where we are today. There was so much to digest from this, that I had to listen twice!! Great interview, Jay.

[@RobWilliams007]

This is an excellent episode. Kudos Luke.

[@reginaldmorton2162]

Why would a thief rob a bank with no mask and with everyone watching??

[@daivietnguyen7289]

In my humble opinion, it is probably because he got the biggest gun in the group and desperately enough to use it !!!

[@thomaldrich4861]

This is how empires operate. they become huge, monstrous thieves of themselves and everyone else, friend or foe.

[@KirillFrolov77]

Interesting, yes. It's one of those videos that approach in honesty and depth to some of Russian talk shows. Most "analysis" videos around are way too trivial/simplistic. You have to understand what's really going on to make any kinds of decision, not just financial.

[@rp011051]

Gromen is one of the few who r willing to reveal the political-economic realities of the USA and the fight between wall St plutocrats and the other corporate plutocrats....

[@barbieturner3251]

Best guest EVER!

[@tomnoyb8301]

Government could spend $10T per year for twenty-years, they can't build a semiconductor industry. They aren't capable. For a nation built on free-markets, it's astonishing how little leadership/gov't values free-markets. Problem with commodities-based currency is that currency has to grow/shrink with economy. Purpose of Fed was to match currency supply to economic growth. Unfortunately, congress/president spent/wasted as much as they could order Fed to print under a preposterous MMTheory. Debt-system would've been well-positioned to match currency-supply to economy-size had congress shown self-control. (more...) Commodity-based currency is much worse however. Because commodity supply is mostly independent of economy-size. Yes, when economies grow, demand creates more oil, but they are not well matched. First, the supply is large, but finite. There's a huge delay between rising and falling demand and supply's response. Gold is even worse. Second, wars, natural disasters and corruption impede commodity flow in opposite and unpredictable directions. Currencies simply can't be based on such vagaries. Third, Owners of commodities unjustly benefit from economic-growth. Example: 330M people work their butts-off to build inventions, factories, roads and bridges, yet it's the commodity owner that reaps the benefit without lifting a finger. If a population doubles the value of an economy, the commodity-owner's value likewise doubles for no apparent reason. By leaving gold uninvested in his vault, the commodity-owner's dead-asset reaps the unearned benefit of growing in value. This perverted incentive will distort markets and exacerbate disparities. One can certainly understand commodity-holder's incentive to design a commodity-based system, but it will cause nothing but wars and despair.

[@zenlei8258]

The Washington elite just want to greed the system by printing ponzi dollar to get free money. They never care when dollars will become useless in the future.

[@costaselgreco]

Great interview. Luke is so insightful. There's a fair chance IMO that US planners are going to have a go at shutting down global demand before doing all the other things Luke says they should be doing. US planners would probably like to recover lost foreign treasury buyers; and they will also want to create conditions for a return to the status quo, pre reserves confiscation and SWIFT sanctions. Such conditions could be created for the EM BRIC nations to reluctantly go for $.yield in a world with few other choices. The counter to that is to have a gold price independent of the Comex's price setting function.

[@josephcaddy1055]

⁰

[@silverback7783]

Buy Silver especially if you like gold because it is going to outperform gold.

[@l.a.mottern3106]

Silver has electrical, medical, and energy production applications.

[@henrylewin473]

Thanks for bringing Luke on , he's been rare

[@stavroskarageorgis4804]

No, the post Bretton Woods .monetary system does *not* compel the US to hollow out its industrial capacity. The USD being the preeminent reserve currency, the currency in which the RotW prefers (and needs) the financial assets in which it parks its savings to be denominated, *requires* a structural current account surplus for the U.S..

[@georgewaterston3970]

Unfreeze the Russian assets. Theft is wrong. Do not do unto others what you would not want them to do to you.

[@johnneal4097]

Enjoyed the show!

[@Andy-d6q2g]

I watched this when it came out. What a difference a year makes. Luke Gromen mentions one option which seemed a distant possibility last year for charting a path to recovery from higher interest rates and massive deficit spending, nuclear fusion for cheap clean energy. In may of 2024 the French government tested a reactors capacity to produce fusion energy by super heating plasma enclosed in tungsten walls. Due to tungstens high melt temperature they were able to heat the Plasma to 50 million degrees for six minutes. The South Koreans are also testing nuclear fusion using plasma and tungsten. The economic and social benefits of further development for nuclear fusion in the not to distant future could easily be a global panacea.

[@mwalsh7500]

What a brilliant guest…. Wow brain slapping …. Bravo Jay

[@josephgerrardselfdefence]

great chat! One of my favorites of yours, awesome stuff!

[@hildedewaele5069]

Thank you Jay ! 🙏

[@nragtime4990]

It is interesting analysis but Biden and Co are not that sophistocated imo

[@SingularitySenses]

Are Biden and co the ones who are actually making the decisions and calling the shots? On a few things yes. But on the really important matters, Presidents are given their marching orders and talking points and briefed on how to proceed.

[@845Mario]

Great interview. Luke Gromen very good as always, Thks

[@KK-qc5ct]

Luke Gromen, if his heart leads him, should pursue an administrative position in the US Treasury.

[@kirstinstrand6292]

This explains a lot! Thanks for clarity - it all makes sense.

[@mayor399999999999999]

Luke is always a great listen! 🤠

[@996driver1]

Very good and extremely interesting lens. Great guest as always. Thank you Scott

[@kardy12]

So the US, to reshore production, is going to remove the dollar’s status as reserve currency? Effectively the Pentagon and Treasury working at cross purposes? Who is going to fund the defence expenditure if the US undermines the status of Treasuries as a safe haven?

[@BilZ-g9z]

We get to trade intangible USD which we could create by just adding zeroes, for actual "stuff". That is so addictive. Now, to break the addiction, we are going to break our ability to get the money to get drugs. But that also means no money for necessities nor drug detox programs... Shock Therapy was why the Soviets dissolved.

[@jamesmartin2932]

Russell Napier has been telling people what's gonna happen for several years now should interview him J

[@IB4U2Cme]

The world is shifting from reserving treasuries to reserving gold. But this transition takes years. Buying gold that pays no dividends and is worth only what one will pay for it, only long term plans to buy and hold gold work for a guys children as an inheritance but not really for the guy that needs to put meat on the table. This idea the military industrial complex reneging on Russia to dampen the demand for treasuries so the US will go back to producing to facilitate US’a defense capabilities … just seems a stretch, associating a noble purpose to Russian hating.

[@advocate1563]

Question: as Dutch CB Governor said why not just revalue thw gold ajd clesr the debt that way?

[@alanhamford2538]

Has Fort Knox been 'hollowed out'?

[@l.a.mottern3106]

@@alanhamford2538 Good Question. The Govt. doesn't want to answer that by doing an audit.

[@swanee22]

@@alanhamford2538 I'm going with Yes.

[@glennmcgowan8120]

The best I,VE seen yet

[@stevenrizzo2939]

What will really bring peace is a more robust American Military Industrial Complex policy?

[@pausereflect5911]

Don't worry, they, MIC+USA Govn will try. There's just preparing right now 😂

[@michaeljanewhite5467]

The whole damned world is squirrelly right now, we are all looking behind our backs checking out the terrain before we dig our trenches, sonny.

[@margator1036]

Great insights into what will probably happen in the near future.

[@seeker2118]

It is still believed that China only sell plastic trinkets? You need to probably take another look

[@laurakryzanowski3193]

Thank you

[@williambranch4283]

Exvessive aggression can backfire on anyone

[@doctorfrancois3522]

As always, Luke rocks

[@BatmanBoss]

Thanks buddy

[@jethro_Jr]

Luke gives the big picture 😁

[@SingularitySenses]

So what are Luke's 4 main outcome possibilities and which one does he believe is the most likely? Cause he talked in circles there for a while and now I'm not sure what he believes is the likely end game of all this. Say it plainly man! Just say it. Are we heading into WW3?

[@nick-oi1xf]

He said the 4th option is most likely

[@kirkstable]

Very interesting Contant. Thank you.

[@michaelc7302]

This was excellent.

[@ddprepper5227]

Excellent report

[@elkat2282]

Following the Duran and other like minded channels led me here. Another subscriber added.

[@officescary8757]

Silver is the people's money. 🦍🦍🦍🦍🦍🦍🦍

[@LoloLolo-nv1wg]

Criptue money. It is the labour of times of some people s

[@officescary8757]

@@LoloLolo-nv1wg So confused..... What?

[@LoloLolo-nv1wg]

@@officescary8757 can't get buy a pizza with crepto money. Évry where only selected. Places. Why?????

[@celesasheldon6931]

No it isn't ! Stop stealing.

[@kirstinstrand6292]

This will be interesting! Lay it on. 😮😮😮

[@afriend6952]

Sounds nonsensical. US would be stronger without the reserve currency? Just grasping at straws to bolster his theory of currency reset.

[@nick-oi1xf]

It's called Triffin's dilemma

[@SportsIncorporated]

Will gold be a safe haven? Will they raise taxes on gold? Will they allow you to sell but not buy gold? Will they revalue the gold in Fort Knox?

[@zbigniewdzwonkowski3536]

Thousands of USA gold bars have tungsten inside from Nixon era....as Chinese experienced some years ago...

[@andrewyarnot5911]

Something is missing in this conversation. The United States wants to rebuild its infrastructure and yet it is insolvent. That is what you call a paradox you have not addressed the subject of the paradox. If the US economy deflates tax receipts will go with it. How will the banks generate the liquidity and the will to lend? Lending will be necessary to rebuild the infrastructure and to support the purchase of risk assets such as construction interests. There is no mechanism for an economic boom only an involuntary death spiral, the FED will be impotent. Whomever has any cash and or gold remaining are the only ones capable of restarting this insanity and of course will be the owners of everything. Only US currency in circulation and I can't underscore in circulation enough will be acceptable tender. No one accepts Bitcoin in collapsed economies. Maybe constitutional silver in small enough denominations will also be acceptable, and that's it.😅 Have you ever tried to buy a cup of coffee in Argentina with a Bitcoin... Or a 400 kilo bar of gold?ha! Personally I like the idea of repricing gold at 28,000 dollars and maybe owning some streaming gold mining companies for the future. cannot build manufacturing therefore they are impotent. Gold will be liquidated to support margin calls until it is eviscerated. Only those who have no liabilities remaining and still possess cash and gold will have anything worth bordering for after a severe shortage of food water and shelter. So it better be in a unmarked hole in your backyard. That is what happens in a depression. The rich, the ones with a very large hole in their backyard are the only ones who can restart this insanity.

[@dadbod_way6916]

Good stuff

[@ashfield1425]

Fine, take from Russia. What’s the US and UK paying for their illegal war in Iraq?

[@stivoarscott5831]

Worth hearing...

[@stereomtl9001]

Listening to Luke is as good as Gold ....pun intended

[@rcole1922]

So calling a screw up brilliant, lmao. Don't piss on my leg and tell me it is raining

[@sirluciussquigglesworthlll6503]

Fantastic

[@69elcuchillo]

Quantity theory of money…clearly demonstrated by Hanke& Greenwood!!!!!

[@Phantasmos]

In short... The US government Used S.S. & now Uses retirements as Collateral for more borrowing. That is why retirement rose to 72... The request has been made to 75...

[@jackglamuzina7173]

What is the betting that the price of Gold will exceed $5,000 an ounce real soon?

[@timrutkevich3222]

On many levels this is mirroring politics of USSR in 1920's 1930's. Is there is American Stalin to Asher it through?

[@MrGirish01]

dont you think 300 billion left by russia in us$ was a trojan horse.And anyway russia had some borrowings in US$

[@larsnystrom6698]

@MrGirish01 Haven't you noticed that Russia still are trying to pay off whatever dept it has, but are prevented from doing that by the West shenanigans? Russia is now very much more reliable than the West in economic matters. Afrika, among others, have certainly noticed that!

[@buravan1512]

RUSSIA has 180 billion of debt... 10% of the GDP.

[@TrollMeister-s6n]

10 percent to the "Big Guy", that's why...

[@oliveoil7642]

That’s dried up now. So what will his addict son and greedy family members do now? His wife and family were quite ok with allowing poor Joe to embarrass himself on the world stage as long as they rode on his lucrative coat tail connections! 😫

[@bigdogg6817]

Why does your KZbin release new content faster than Spotify

[@eduardojr.rautraut3470]

It's easy to steal money using the Dollar than working hard to earn it

[@ryanbaileyboxing]

Us will ban owning gold

[@anisaampatuan]

Research Andrea Rossi

[@hairetikos6402]

Is this a re-upload?

[@goathairrug]

This was part of the Silver and Gold Summit livestream from Thursday.

[@parttimethinker7611]

How can one tell a little bit of classified information? How one can say a little bit of true and not lies ? 10% truth…90% others ? Letting the pentagon performs self economic surgery?

[@adamesd3699]

Option 2 might be happening, but with AI instead of nuclear fusion.

[@RobWilliams007]

Why cash if you think huge inflation is coming?

[@stevenbeck4819]

what would luke think about the dollar milkshake theory....?

[@kateoneal4215]

******Where do CBDCs fit into the equation??? *******

[@freebee8274]

BS.

[@LoloLolo-nv1wg]

Gold coins is cool and personal.

[@RobWilliams007]

Then why hasn’t the US been accumulating gold just as other countries have been?

[@nick-oi1xf]

Good question. I believe a paper from the Fed was published talking about how gold will never be a world reserve asset again

[@kennethfarthing1474]

They wanted to steal

[@nick-oi1xf]

Luke👍

[@edreeves121]

As usual, he can't explain why bitcoin has value and neither can anyone else. Not an asset. Good grief.

[@mc-kz8zn]

What value does the US dollar have? Or if you think that USD has no value either, then do you believe only gold has value? What is your preferred asset?

[@jaredangell8472]

If this is true then this is the biggest news I've heard in 20 years

[@SingularitySenses]

Lol, where have you been? Have you not been following the news for the past 3 years?

[@anwarnayani5849]

Our on our currency 💵 it’s say IN GOD WE TRUST

[@josephtan4627]

Yeah....I'm sure it's for a good cause...