Luke Gromen’s Shocking Warning: BRICS, Gold, Bitcoin & Rare Earths – A New World Order Emerges?
Luke Gromen, founder and president of Forest for the Trees, is known for his unorthodox, yet often prescient, analyses of global macroeconomics and geopolitical trends. He’s a vocal critic of the current dollar-centric global financial system, and recently, he’s been issuing a series of increasingly stark warnings about the potential for a significant shift in power driven by the BRICS nations, gold, Bitcoin, and the strategic importance of rare earth elements.
Gromen’s core thesis revolves around the idea that the US dollar’s dominance as the world’s reserve currency is waning. He argues that reckless fiscal and monetary policy, particularly in recent years, has eroded trust in the dollar’s long-term stability. This erosion, he believes, is accelerating the desire among nations, particularly within the BRICS alliance (Brazil, Russia, India, China, and South Africa), to find alternatives.
The BRICS Factor: A Concerted Effort to De-Dollarize?
Gromen emphasizes the strategic alignment within the BRICS nations. They share a common desire to reduce their reliance on the US dollar, thereby reducing their vulnerability to US sanctions and economic policies. This drive for independence is manifesting in several ways:
- Trade in Local Currencies: BRICS nations are increasingly conducting trade in their own currencies, bypassing the dollar entirely. This weakens the dollar’s role in international commerce and fosters greater economic integration within the bloc.
- Potential BRICS Currency: While fraught with challenges, the discussion of a BRICS currency backed by commodities like gold is gaining traction. This would represent a significant challenge to the dollar’s hegemony, offering an alternative for trade and investment.
- Expanding Membership: The growing interest in joining BRICS underscores its appeal as a counterweight to the US-led global order. New members could further amplify the group’s economic influence and its efforts to de-dollarize.
The Role of Gold: A Tangible Hedge Against Uncertainty
Gromen sees gold as a critical component in this shifting landscape. Historically, gold has served as a store of value and a hedge against inflation and currency devaluation. As countries seek alternatives to the dollar, he believes gold will play an increasingly important role:
- Central Bank Accumulation: Central banks around the world, particularly those in BRICS nations, are aggressively accumulating gold reserves. This diversification away from the dollar signals a lack of confidence in the current financial system.
- A Gold-Backed BRICS Currency: While speculative, the possibility of a BRICS currency backed by gold is a powerful symbol of the bloc’s desire to move away from a fiat currency system controlled by the US.
Bitcoin: A Disruptive Force in the Financial System
Gromen also sees Bitcoin as a potentially disruptive force. While he acknowledges its volatility and risks, he argues that Bitcoin’s decentralized nature and limited supply make it an attractive alternative to traditional fiat currencies, especially in countries with unstable financial systems.
- A Hedge Against Inflation: Bitcoin’s scarcity is often touted as a hedge against inflation, making it appealing to those seeking to preserve their wealth in the face of rising prices.
- A Tool for Circumventing Sanctions: Bitcoin can potentially be used to bypass traditional financial channels and sanctions, making it attractive to countries facing economic pressure from the US.
Rare Earths: The Geopolitical Chess Pieces
Finally, Gromen highlights the strategic importance of rare earth elements (REEs). These materials are essential for manufacturing high-tech products, including electronics, electric vehicles, and military equipment. China currently dominates the global REE supply chain, giving it significant leverage in the geopolitical arena.
- Economic Leverage: China’s control over REEs allows it to exert economic pressure on countries that rely on these materials for their industries.
- Geopolitical Influence: The ability to control access to REEs gives China a significant advantage in negotiations and strategic planning.
Gromen’s Shocking Warning: What Does It All Mean?
Gromen’s warning is essentially a prediction of a potential power shift in the global financial and geopolitical landscape. He argues that the US dollar’s dominance is under threat, and the BRICS nations, backed by gold, Bitcoin, and strategic control of rare earth elements, are positioning themselves to challenge the established order.
Key Takeaways:
- De-dollarization is gaining momentum: The BRICS nations are actively seeking alternatives to the US dollar.
- Gold will play a crucial role: Central banks are accumulating gold, signaling a lack of confidence in the current system.
- Bitcoin is a potential disruptor: Its decentralized nature makes it an attractive alternative to fiat currencies.
- Rare earth elements are key to geopolitical influence: China’s dominance in this sector gives it significant leverage.
Is Gromen right? Only time will tell. However, his analysis offers a compelling perspective on the evolving dynamics of the global economy and the potential for a significant shift in power. It’s a warning that investors and policymakers alike should heed. The consequences of ignoring these trends could be profound.
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The rules are changing, and most people have no idea. Luke Gromen says the U.S. isn’t prepared for the shift already underway: BRICS nations stacking gold, the dollar losing global trust, and the Fed boxed in by debt and inflation.
In this video, I break down his shocking but insightful warning, and what it means for you as an investor, saver, or just someone trying to stay ahead.
What do you think? Is the dollar’s dominance already unraveling — or will the U.S. find a way to hold its ground? Let me know what you think, and thank you for supporting the channel!
That system might be over, but a new system coming in play.America is going to be the crypto capital of the world and bitcoin will rule ❤❤❤
@whoknows8223 If your gold is stored in one of the licensed facilities and this country falls to authoritarianism (which it seemingly will do), won't they go to those places first to seize ALL the gold there? If you have it in a home safe, there is a record that you have purchased gold- for example you have to declare it on your IRS form. Then would'nt the rogue govt show up at your door & take it by force?
America is being set up for a take down by our enemies.
Actually, gold can be declared illegal to own, confiscated by a government, and repriced, nothing you can do about it. Lookup gold's history in the United States
Please STOP my page
I don’t want they use my page
They broke my Trust
When One of the Biggest person do it like this,How can I trust others,Except Some Real Persons That I Know
Thinking more,and more,What’s happening for us,Maybe or sure I am a smallest thing for they play
I've been a CPA licensed in Arizona since 1996. My certificate remains active, although at 30 years a CPA this next renewal I will not renew. I'm semi-retired these days, have sold off my client base, and it's time to enjoy the cool fall breeze outside of the offices and client conference rooms. I am a 1985 graduate of the University of Arizona, with Distinction (Cum Laud by today's standards), and went to work for Arthur Young & Company (now Ernst & Young) straight out of college. I am a bit surprised that you hang your hat on another advisor, something I have refrained from doing in my career. I can't tell you how many times "investment professionals" – some much younger than me – have tried to "partner" with me over the years, basically to gain a larger client base. I don't want any relationship that might even lightly suggest there is a "partnering," because that leads to "kickbacks" and difficulties. I simply won't do it in the world of commission-based broker houses. And, it did not surprise me when I checked your website that you have "something to sell" besides your services. A book. I certainly could write a book or two, and have discussed it in professional circles. One would be about uncovering embezzlement, not by the old nuts and bolts, nose in the accounts payable records looking for false vendors, but from a behavioral perspective. Another book would be to self-proclaimed Entrepreneurs – and I see this today where many are running businesses by the seat of their pants. If they would only realize what true accounting numbers could do for their ability to plan. The best run companies like Apple, as an example, have the very best accounting departments, I guarantee it. These are the micro-areas of our economy where I think the focus needs to be. Good luck in your endeavor.