Undermining the Dollar
Featuring Luke Gromen
Published on: October 4th, 2017 • Duration: 32 minutes • Asset Class: Commodities, Bonds/Rates/Credit, Equities, Currencies • Topic: Monetary policy, US Dollar, ChinaLuke Gromen, from Forest for the Trees, gives Michael Green his perspective on China’s moves to disintermediate the dollar, through its development of gold contracts and trading for oil in RMB. While ultimately resulting in more money printing by the Fed, Luke envisages a non-US dollar-backed banking system spurred by China and Russia. Filmed on September 27, 2017 in New York.