Luke Gromen: Why Currency Debasement is Inevitable

The first principle off which almost everybody, every American investor is operating is well this would be like the 70s. We went off the gold standard 71 and gold went up a bunch and then Vulkar came in and raised rates and gold went back. It was just a trade. There was a debasement.Vulker took care of it all. Well, Vulkar took rates to 15%. If the Fed took rates to six today, they would literally blow up the entire not just stock market, but housing and the Treasury market.We know this. This is not specula ...