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# ![@LukeGromen Avatar](https://lunarcrush.com/gi/w:26/cr:twitter::2936015319.png) @LukeGromen Luke Gromen

Luke Gromen posts on X about china, fed, money, silver the most. They currently have XXXXXXX followers and XX posts still getting attention that total XXXXXXX engagements in the last XX hours.

### Engagements: XXXXXXX [#](/creator/twitter::2936015319/interactions)
![Engagements Line Chart](https://lunarcrush.com/gi/w:600/cr:twitter::2936015319/c:line/m:interactions.svg)

- X Week XXXXXXX -XX%
- X Month XXXXXXXXX -XX%
- X Months XXXXXXXXXX -XX%
- X Year XXXXXXXXXX -XX%

### Mentions: XX [#](/creator/twitter::2936015319/posts_active)
![Mentions Line Chart](https://lunarcrush.com/gi/w:600/cr:twitter::2936015319/c:line/m:posts_active.svg)

- X Week XX -XX%
- X Month XXX -XX%
- X Months XXXXX +15%
- X Year XXXXX +1.20%

### Followers: XXXXXXX [#](/creator/twitter::2936015319/followers)
![Followers Line Chart](https://lunarcrush.com/gi/w:600/cr:twitter::2936015319/c:line/m:followers.svg)

- X Week XXXXXXX +0.28%
- X Month XXXXXXX +2.20%
- X Months XXXXXXX +8.20%
- X Year XXXXXXX +19%

### CreatorRank: XXXXXX [#](/creator/twitter::2936015319/influencer_rank)
![CreatorRank Line Chart](https://lunarcrush.com/gi/w:600/cr:twitter::2936015319/c:line/m:influencer_rank.svg)

### Social Influence

**Social category influence**
[finance](/list/finance)  #390 [currencies](/list/currencies)  #1466 [countries](/list/countries)  XXXXX% [stocks](/list/stocks)  XXXX% [technology brands](/list/technology-brands)  XXXX% [cryptocurrencies](/list/cryptocurrencies)  XXXX% [travel destinations](/list/travel-destinations)  XXXX% [social networks](/list/social-networks)  XXXX%

**Social topic influence**
[china](/topic/china) #1487, [fed](/topic/fed) #390, [money](/topic/money) 5.56%, [silver](/topic/silver) #2912, [currencies](/topic/currencies) 3.33%, [history](/topic/history) 3.33%, [$63t](/topic/$63t) #1, [$26t](/topic/$26t) #2, [inflation](/topic/inflation) #853, [scott](/topic/scott) XXXX%

**Top accounts mentioned or mentioned by**
[@schnapsideeg](/creator/undefined) [@kingkong9888](/creator/undefined) [@profplum99](/creator/undefined) [@michaeljmcnair](/creator/undefined) [@anthonyper63039](/creator/undefined) [@wahlstromgrant](/creator/undefined) [@jackfarley96](/creator/undefined) [@goldseabridge](/creator/undefined) [@botthewrongdip](/creator/undefined) [@_tradernico](/creator/undefined) [@grok](/creator/undefined) [@matty_ice_btc](/creator/undefined) [@gregip](/creator/undefined) [@jeffdiamond3](/creator/undefined) [@elg](/creator/undefined) [@zachsawatz3599](/creator/undefined) [@paulomacro](/creator/undefined) [@unfoldedbeagle](/creator/undefined) [@dragonfishy](/creator/undefined) [@wbmosler](/creator/undefined)

**Top assets mentioned**
[Goldman Sachs (GS)](/topic/goldman-sachs) [Apple, Inc. (AAPL)](/topic/$aapl)
### Top Social Posts
Top posts by engagements in the last XX hours

""Let's say there is a XX% tariff. Having done currencies for a long time some portion of that will result in currency appreciation. Normally it's 2/3 of that. So now you're collecting 10%. The lift on the currency does X or X% of it for you & hurts exporters." -Scott Bessent 6/6/24 But USDCNY is up since "Liberation Day" πŸ€”"  
[X Link](https://x.com/LukeGromen/status/1983531511522431078)  2025-10-29T13:48Z 368.7K followers, 41.4K engagements


"@greg_ip @wbmosler @michaelxpettis @M_C_Klein China ran a $990B trade surplus in 2024; it also imported 1384 tonnes of gold in 2024. If gold was priced at $22000/oz Chinas trade balance w/the world wouldve been flat. Issue is at $22000/oz USD would be WAY lower. This is a similar issue as UK v China circa 1765"  
[X Link](https://x.com/LukeGromen/status/1990461674508501090)  2025-11-17T16:46Z 368.6K followers, 2945 engagements


"China ran a $990B trade surplus in 2024; it also imported 1384 tonnes of gold in 2024. If gold was priced at $22000/oz Chinas trade balance w/the world wouldve been flat. Issue is at $22000/oz USD would be WAY lower. This is a similar issue as UK v China circa 1765"  
[X Link](https://x.com/LukeGromen/status/1990493043305377870)  2025-11-17T18:51Z 368.6K followers, 113.2K engagements


"If you maximize immigration you 1) Minimize wage growth for native-born workers thereby minimizing bond yields which 2) Maximizes income inequality corporate profit margins Wash DC deficits & Wall St bonus pools The K-shaped economy works til the pitchforks come out"  
[X Link](https://x.com/LukeGromen/status/1994797715201446059)  2025-11-29T15:56Z 368.6K followers, 211.4K engagements


"@MBIR_Guru @swinshi @Nonfon420 @besttrousers @profplum99 I get the difficulty of his position; a Wash DC economic thinktank guy can't write a white paper that states what I wrote ($1.25 min. wage in 1964 now buys $XXXXX of silver) & expect to keep his job b/c it lays bare the outcome of DC economic policy post-1971 (red arrow)"  
[X Link](https://x.com/LukeGromen/status/1994886739631247381)  2025-11-29T21:50Z 368.7K followers, XXX engagements


"@5n0wl3op4rd Not saying that Just saying the horses didnt hold mortgages car loans credit cards and student loans they would default on when cars took their jobs"  
[X Link](https://x.com/LukeGromen/status/1994965190459404610)  2025-11-30T03:02Z 368.7K followers, XXX engagements


"Shout-out to all the bondholders out there that are holding 10y USTs at X% yields while average selling prices on Black Friday were up X% y/y. Thank you for your service. 🫑"  
[X Link](https://x.com/LukeGromen/status/1995246115571347567)  2025-11-30T21:38Z 368.7K followers, 113.4K engagements


"2/ Same energy"  
[X Link](https://x.com/LukeGromen/status/1995874794282066429)  2025-12-02T15:16Z 368.6K followers, 14.8K engagements


"@JeffDiamond3 @abraghis That's a sore spot for me πŸ˜‚ I owned 2000 shares of AAPL at $XX in 2002 b/c cash on the balance sheet was $10/share. I sold it at $XX & thought I was smart. If i'm doing the split math right had I held it the whole time i would own 112000 shares of AAPL today.or $32m"  
[X Link](https://x.com/LukeGromen/status/1995878360287994094)  2025-12-02T15:30Z 368.5K followers, XXX engagements


"@CarloFerlauto @Brad_Setser @greg_ip Yes. It is not that China does not believe in balanced trade. It is that China disbelieves in unsound money because they learned the painful lessons of it centuries ago. This passage was written circa 1910 proving the adage "there's nothing new under the sun":"  
[X Link](https://x.com/LukeGromen/status/1997336110490345507)  2025-12-06T16:03Z 368.7K followers, XXX engagements


"@michaeljmcnair Yes.and now rising bond yields will destroy the west instead of an evil invading dictator. .unless we choose to destroy western currencies instead of allowing the bond market to crush the economies. :)"  
[X Link](https://x.com/LukeGromen/status/1998155932099076466)  2025-12-08T22:21Z 368.6K followers, 1012 engagements


"@Brad_Setser Gold in CNY is 30000 If Bessent lets gold go to $7500 thats XXX USDCNY thru the gold pivot Problem solved"  
[X Link](https://x.com/LukeGromen/status/1998191977729597520)  2025-12-09T00:44Z 368.7K followers, 1916 engagements


"Nominally I agree.but the Treasury shifting issuance massively to the front end πŸ‘‡ DOES remove duration from the private sector esp. when married w/Fed duration holdings still rising from reinvestment. There's no functional diff b/t Treasury shifting all issuance to front end & Fed buying it all via Bill purchases v. normal duration issuance & Fed buying a lot of it no"  
[X Link](https://x.com/LukeGromen/status/1999230104501649840)  2025-12-11T21:29Z 369.1K followers, XXX engagements


"The signals lined up before theyre lining up again. Heres what we forecasted and what happened next. Get What we said and how it played out Vol. II here. πŸ‘‰"  
[X Link](https://x.com/LukeGromen/status/1962674409207931332)  2025-09-02T00:30Z 369K followers, 332.7K engagements


""The Debasement Trade" since COVID: In USD: NDX up XXX% SPX up XXX% Home prices up 56%. In gold: NDX up X% SPX down XX% Home prices down 37%. In BTC: NDX down XX% SPX down XX% Home prices down 87%"  
[X Link](https://x.com/LukeGromen/status/1974184554782220583)  2025-10-03T18:47Z 369.1K followers, 1.1M engagements


"If "USD dominance" is still a strategic asset why would the US govt be adding copper silver uranium met coal potash lead & other minerals to a list of critical minerals Why not just print the USDs & buy the minerals as we need them like we did for the prior 50+ yrs"  
[X Link](https://x.com/LukeGromen/status/1986499049860513998)  2025-11-06T18:20Z 369K followers, 141.1K engagements


"Foreigners already own $63T net $26T gross in USD assets. IE - foreigners' money is already here just in stocks bonds & RE. So your (& Trump/Bessent's) FDI solution = either we crash stocks bonds & RE as foreigners sell to finance FDI or we print the $ to give to them to invest in FDI"  
[X Link](https://x.com/LukeGromen/status/1990107563224949003)  2025-11-16T17:19Z 369.1K followers, 2494 engagements


"Will more Fed rate cuts increase US electrical grid capacity instantly Can the Fed QE grid capacity engineers and skilled trades into existence instantly No"  
[X Link](https://x.com/LukeGromen/status/1991926644068733085)  2025-11-21T17:48Z 369.1K followers, 36.2K engagements


"If AI doesnt work it will risk recession blowing out fiscal deficits into insufficient foreign UST demand. If AI works it will undermine the U.S. fiscal position (half of US Federal receipts come from employment) blowing out deficits into insufficient foreign UST demand"  
[X Link](https://x.com/LukeGromen/status/1993069380628783328)  2025-11-24T21:29Z 369.1K followers, 570.4K engagements


""The impact of tariffs can be seen in the Black Friday data according to Salesforce. Average selling prices were up X% y/y while order volumes were down X% y/y." πŸ€”"  
[X Link](https://x.com/LukeGromen/status/1995158455007731899)  2025-11-30T15:50Z 369.1K followers, 493.4K engagements


"TLT/GLD ever since global Central Banks stopped buying USTs on net & amped up gold purchases: Down XX% in XX years.and more to go in either deflation or inflation.mainly via higher gold IMO. Thank you for your service by being financial repression cannon fodder. πŸ™"  
[X Link](https://x.com/LukeGromen/status/1995187882261397990)  2025-11-30T17:47Z 369.1K followers, 39.2K engagements


"The Trump Administration says it wants to reshore. Bessent says he wants lower 10y UST yields. US November ISM Manufacturing in contractionary territory with 10y UST yields still X% says there will be no meaningful reshoring without explicit YCC. Let's watch"  
[X Link](https://x.com/LukeGromen/status/1995516235115868543)  2025-12-01T15:32Z 369.1K followers, 59.4K engagements


"Below is a quote on gold & silver from circa 1910 as quoted in "The Raven of Zurich: The Memoirs of Felix Somary." While many investors (correctly) say "It's never different this time" most investors do not look back far enough in time. History did not start in 1980 or 1945"  
[X Link](https://x.com/LukeGromen/status/1995535560468038076)  2025-12-01T16:48Z 369.1K followers, 79.6K engagements


"@Globalflows @MenthorQpro weaker USD helps them stronger USD forces selling of the $63T (gross) $26T (net) in USD assets they own πŸ‘‡ They sell what they can most easily ($8.5T in USTs) not necessarily what they want to (equities next up.)"  
[X Link](https://x.com/LukeGromen/status/1995537315322540251)  2025-12-01T16:55Z 369.1K followers, 1540 engagements


""Inflation ballooning home values and a decades-long push into stock markets by average investors have lifted millions into millionairehood. A June report from UBS found about 1/10 of US adults are millionaires" - AP .& yet SPX Total Return priced in gold is flat with 1997:"  
[X Link](https://x.com/LukeGromen/status/1995874032433147996)  2025-12-02T15:13Z 369.1K followers, 29.1K engagements


""Francis Scott Key Bridge will take two years longer than initially thought and will cost more than twice as much as initially thought to rebuild." Take the "over" on both how long rebuilding the US grid & industrial base will cost & how inflationary it will be"  
[X Link](https://x.com/LukeGromen/status/1995898920493359279)  2025-12-02T16:52Z 369.1K followers, 81.9K engagements


"Trump (and Wall Street consensus) to the Japanese government: "You are going to fund a big portion of the reshoring and rebuilding of the US industrial base and electrical grid." JGB market to the Japanese government:"  
[X Link](https://x.com/LukeGromen/status/1995925079549772220)  2025-12-02T18:36Z 369.1K followers, 93.7K engagements


"1. ECB ascribing a lot of power to a "useless" "pet rock" metal held mainly for "tradition." X. ECB essentially telling western governments (many of whom desperately need to subjugate their central banks to finance high debt/deficits) that this goal can be achieved using goldπŸ€”"  
[X Link](https://x.com/LukeGromen/status/1996250458491674869)  2025-12-03T16:09Z 369.1K followers, 77.2K engagements


"Apparently "some bond market participants" do not yet realize their holdings must lose on a real basis for the US to not lose to China in the Great Power Competition and will lose on a real basis if the US does lose the Great Power Competition to China"  
[X Link](https://x.com/LukeGromen/status/1996332035686711753)  2025-12-03T21:33Z 369.1K followers, 99.5K engagements


"1/ Im recording a 5-10 min YouTube video tonight to be released later this week; pls drop some questions below & Ill touch on as many as I can on a best efforts basis. Thx (Also pls feel free to subscribe to my YouTube channel.)"  
[X Link](https://x.com/LukeGromen/status/1996412656753004815)  2025-12-04T02:54Z 369.1K followers, 30.6K engagements


""Amateurs talk tactics; professionals study logistics." One needed to have only a passing understanding of logistics to realize that the right panel outcome has long been inevitable. Big implications for macro: The west cannot stop changes to the "Rules Based Global Order.""  
[X Link](https://x.com/LukeGromen/status/1996628562762518906)  2025-12-04T17:11Z 369K followers, 62.6K engagements


"@michaeljmcnair Me neither - but what you describe here would require the Fed to buy a significant quorum of the global $130T bond market in short order. Fed balance sheet from $7T to say $20T in 6-9 months"  
[X Link](https://x.com/LukeGromen/status/1996637458013082056)  2025-12-04T17:47Z 369.1K followers, XXX engagements


"Can confirm. Clevelands weather in recent years has been more akin to US cities where home prices are easily 2-3x higher than Clevelands"  
[X Link](https://x.com/LukeGromen/status/1996658228575588660)  2025-12-04T19:09Z 369.1K followers, 45.7K engagements


"@_contraryan Isnt pump the brakes the state motto of Florida from November-April as XX million elderly Boomers crowd Floridas roads πŸ˜‚"  
[X Link](https://x.com/LukeGromen/status/1996661427554369665)  2025-12-04T19:22Z 369K followers, XXX engagements


"Hear me out: EU can bet billions of dollars that Ukraine will lose the war to Russia & then the EU can cut off aid to Ukraine causing Ukraine to lose but earning billions of dollars for the EU that the EU can then use to buy weapons for Ukraine (if China will supply the REEs)"  
[X Link](https://x.com/LukeGromen/status/1996662101264449988)  2025-12-04T19:25Z 369.1K followers, 37.1K engagements


"Last time the blue line hit this high on the upside the USD was significantly devalued at the Plaza Accord. Consensus seems to be overwhelmingly in favor of it will be different this time. Lets watch"  
[X Link](https://x.com/LukeGromen/status/1996691258216272365)  2025-12-04T21:21Z 369.1K followers, 89.1K engagements


"In 1964 Federal min. wage was $1.25/hr or X (silver) quarters Today value of a 1964 silver quarter at $58/oz = $XXXXX Had Federal min. wage kept pace in silver terms itd be X x $XXXXX = $52.45/hr not $XXXX Real cost of living deniers be like "It's different this time"πŸ‘‡"  
[X Link](https://x.com/LukeGromen/status/1996977868702715958)  2025-12-05T16:20Z 369.1K followers, 86.6K engagements


"Implications of this chart = Goldman Sachs thinks. a) China is going to win v. the US and much of the west for the next X years b) CNY needs to rise meaningfully v. USD and other western currencies. Chart via @greg_ip"  
[X Link](https://x.com/LukeGromen/status/1997339707928133773)  2025-12-06T16:17Z 369.1K followers, 48.7K engagements


"I'm going to be on Making Money on Fox with @cvpayne today in the 2pm hour. Hope to see you then"  
[X Link](https://x.com/LukeGromen/status/1998090910337544401)  2025-12-08T18:02Z 369.1K followers, 26K engagements


"2025 US National Security Strategy (NSS) report in meme form:"  
[X Link](https://x.com/LukeGromen/status/1998140514923634884)  2025-12-08T21:19Z 369.1K followers, 36.2K engagements


"@TonyNashNerd @profplum99 Ironically haven't the Chinese done a version of the opposite (low income taxes letting property prices collapse) & been criticized in the west for that"  
[X Link](https://x.com/LukeGromen/status/1998404316369969593)  2025-12-09T14:48Z 369K followers, XXX engagements


"The "Denial" stage of grief about the actual degree of US leverage v. China in the trade war appears to be transitioning to "Anger" and "Bargaining" stages in real time in the US Beltway. Major macro implications as we move to "Depression" & then "Acceptance" phases in 2026"  
[X Link](https://x.com/LukeGromen/status/1998408378389803432)  2025-12-09T15:04Z 369.1K followers, 35.1K engagements


"In 2022 the Russia v. NATO war in Ukraine was (properly) framed as "weaponized commodities" v. "weaponized USDs." Fast forward to 2025 and the US is selling USDs to buy commodities. Critical macro signpost. Watch what they do not what they say"  
[X Link](https://x.com/LukeGromen/status/1998444287197913127)  2025-12-09T17:27Z 369.1K followers, 55.2K engagements


"De-coupling from China requires the US to choose to sacrifice either the UST market or the USD; this is not an opinion it is a double-entry bookkeeping identity. Meme via @gave_vincent from his recent publicly-shared report (link below.)"  
[X Link](https://x.com/LukeGromen/status/1998515841856581974)  2025-12-09T22:11Z 369.1K followers, 86K engagements


"@wait4thegoodlif @gave_vincent foreigners are long lots of USD bonds & have borrowed lots in USD debt so when USD gets too strong they sell USD bonds they own to raise USDs to defend their currencies/repay their USD debt"  
[X Link](https://x.com/LukeGromen/status/1998572493217608046)  2025-12-10T01:56Z 369.1K followers, XXX engagements


"GOLDMAN SACHS SEES SIGNIFICANT UPSIDE TO OUR END-2026 $4900 GOLD PRICE FORECAST - BBG Everyone says China needs to strengthen CNY v. USD & v. EUR. Gold price in CNY is CNY 30000 πŸ‘‡ so USDCNY XXX would mean $7500 gold thru the gold FX cross/lever (30/7.5 = 4.0)"  
[X Link](https://x.com/LukeGromen/status/1998791609736114651)  2025-12-10T16:27Z 369.1K followers, 54.8K engagements


"@ChiragG30107966 IMO they wont fix it there It will keep rising over time IMO"  
[X Link](https://x.com/LukeGromen/status/1998804521452188002)  2025-12-10T17:18Z 369.1K followers, XXX engagements


"@elg 30k gold in CNY/$7.5k gold = XXX USDCNY"  
[X Link](https://x.com/LukeGromen/status/1998804656429126077)  2025-12-10T17:19Z 369.1K followers, 1380 engagements


"@ZachSawatz3599 Begs the (serious) question - if gold is still captured (I agree it once was) why is BTC down v. gold since 2021 & looking like it is rolling over v. gold for only the 4th time in XX years"  
[X Link](https://x.com/LukeGromen/status/1998805819278897591)  2025-12-10T17:23Z 369.1K followers, XXX engagements


"The theme of our conversation on this Monetary Matters pod with @JackFarley was this scene in "The Notebook": "What.do.you.WANT" Reshore/win the AI race v. China or maintain the real value of the UST market - can't do both. Thank you for having me on again Jack"  
[X Link](https://x.com/LukeGromen/status/1998808025780666823)  2025-12-10T17:32Z 369.1K followers, 44K engagements


"@ChiragG30107966 Because CNY is falling against gold which means sovereignty As long as USD is the reference point China is an economic vassal Gold as the reference point = economic sovereignty for China"  
[X Link](https://x.com/LukeGromen/status/1998845175926566969)  2025-12-10T20:00Z 369K followers, XXX engagements


"Many assert we can go to "wartime footing" to reshore. 1940 "wartime footing" was XX% of GDP deficit Fed b/s up 10x in X yrs (via YCC) & "bigly" GDP growthπŸ‘‡ If Fed YCC'd 10y yields at XXX% TLT would rip higher. but TLT owners would go from eating steak to eating dog food"  
[X Link](https://x.com/LukeGromen/status/1998857692291751938)  2025-12-10T20:49Z 369.1K followers, 70.8K engagements


"@MartinSkold2 Good point I could see that"  
[X Link](https://x.com/LukeGromen/status/1998875187182542918)  2025-12-10T21:59Z 369K followers, XXX engagements


"@JeDu7997 Disagree. Foreigners already own $63T (gross) $26T (net) in USD assets. Too strong a USD turns them sellers of those assets starting with what they can sell most easily (USTs)"  
[X Link](https://x.com/LukeGromen/status/1998893964855067129)  2025-12-10T23:13Z 369.1K followers, XXX engagements


"Are these the same Africans some US policymakers are expecting to buy hundreds of billions of dollars of T-Bill-backed stablecoins thereby funding US deficits more cheaply If so seems like there's a problem with "the plan.""  
[X Link](https://x.com/LukeGromen/status/1998896106814775661)  2025-12-10T23:22Z 369.1K followers, 55.4K engagements


"@LynAldenContact @conksresearch How about if Bessent sells T-Bills to buy back duration. .and then Powell turns around and buys T-Bills"  
[X Link](https://x.com/LukeGromen/status/1998896453419430327)  2025-12-10T23:23Z 369.1K followers, 26.1K engagements


"@BlueBird_Invest @JackFarley96 Treasury chose "print" instead first by weakening USD at a XX% annual rate from Oct 2022 to early 2023 then by running down RRP then by shifting issuance into T-Bills. The liquidity always gets supplied no matter what"  
[X Link](https://x.com/LukeGromen/status/1999127649570992270)  2025-12-11T14:42Z 369.1K followers, XXX engagements


"@BickerinBrattle @LynAldenContact @PauloMacro @thanium @conksresearch DJIA already down XX% in gold terms since Fed began hiking in 2022. Historically this goes to XXX in major crises in the US (1933 1980.) And if it goes to XXX via DJIA dropping US govt receipts won't be sufficient to cover Federal interest expense"  
[X Link](https://x.com/LukeGromen/status/1999127998260232570)  2025-12-11T14:43Z 369.1K followers, XXX engagements


"This extraordinary MUST-READ piece by @ctindale is one of the most informative (& unsettling) things I've read in years. It's lengthy but well worth the time investment"  
[X Link](https://x.com/LukeGromen/status/1999165462815322407)  2025-12-11T17:12Z 369.1K followers, 488.3K engagements


"@BotTheWrongDip @vtchakarova Piers Morgan's recent Nick Fuentes interview IMO sheds some light on how many American young men might react to having to get involved in Europe"  
[X Link](https://x.com/LukeGromen/status/1999176290507555310)  2025-12-11T17:55Z 369.1K followers, XXX engagements


"@BotTheWrongDip @vtchakarova I think he is a warning. Since Rutte chose to use WW1 & WW2 history to push for war allow me a quote from the same time frame from the president of the Reichsbank Hjalmar Schacht: If Rutte pushes the US into war there will be many more Nick Fuentes' in the US"  
[X Link](https://x.com/LukeGromen/status/1999185686205788412)  2025-12-11T18:33Z 369.1K followers, XXX engagements


"OK.then what do you do about the resulting inflation that sends 10y UST yields to X% mortgages to 9-10% collapsing US stocks US housing markets & the banking system while sending US govt interest expense on $39T in debt to $2.7T/yr which when added to $3.7T/yr of Entitlements is $6.4T or 150-200% of recessionary US government receipts Print to cap bond yields & pay interest/Entitlements (crush the USD) or let the US economy collapse the US Treasury default leading to USD hyperinflation (as the USTs back the USD)"  
[X Link](https://x.com/LukeGromen/status/1999190470610518381)  2025-12-11T18:52Z 369.1K followers, XXX engagements

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@LukeGromen Avatar @LukeGromen Luke Gromen

Luke Gromen posts on X about china, fed, money, silver the most. They currently have XXXXXXX followers and XX posts still getting attention that total XXXXXXX engagements in the last XX hours.

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Social Influence

Social category influence finance #390 currencies #1466 countries XXXXX% stocks XXXX% technology brands XXXX% cryptocurrencies XXXX% travel destinations XXXX% social networks XXXX%

Social topic influence china #1487, fed #390, money 5.56%, silver #2912, currencies 3.33%, history 3.33%, $63t #1, $26t #2, inflation #853, scott XXXX%

Top accounts mentioned or mentioned by @schnapsideeg @kingkong9888 @profplum99 @michaeljmcnair @anthonyper63039 @wahlstromgrant @jackfarley96 @goldseabridge @botthewrongdip @_tradernico @grok @matty_ice_btc @gregip @jeffdiamond3 @elg @zachsawatz3599 @paulomacro @unfoldedbeagle @dragonfishy @wbmosler

Top assets mentioned Goldman Sachs (GS) Apple, Inc. (AAPL)

Top Social Posts

Top posts by engagements in the last XX hours

""Let's say there is a XX% tariff. Having done currencies for a long time some portion of that will result in currency appreciation. Normally it's 2/3 of that. So now you're collecting 10%. The lift on the currency does X or X% of it for you & hurts exporters." -Scott Bessent 6/6/24 But USDCNY is up since "Liberation Day" πŸ€”"
X Link 2025-10-29T13:48Z 368.7K followers, 41.4K engagements

"@greg_ip @wbmosler @michaelxpettis @M_C_Klein China ran a $990B trade surplus in 2024; it also imported 1384 tonnes of gold in 2024. If gold was priced at $22000/oz Chinas trade balance w/the world wouldve been flat. Issue is at $22000/oz USD would be WAY lower. This is a similar issue as UK v China circa 1765"
X Link 2025-11-17T16:46Z 368.6K followers, 2945 engagements

"China ran a $990B trade surplus in 2024; it also imported 1384 tonnes of gold in 2024. If gold was priced at $22000/oz Chinas trade balance w/the world wouldve been flat. Issue is at $22000/oz USD would be WAY lower. This is a similar issue as UK v China circa 1765"
X Link 2025-11-17T18:51Z 368.6K followers, 113.2K engagements

"If you maximize immigration you 1) Minimize wage growth for native-born workers thereby minimizing bond yields which 2) Maximizes income inequality corporate profit margins Wash DC deficits & Wall St bonus pools The K-shaped economy works til the pitchforks come out"
X Link 2025-11-29T15:56Z 368.6K followers, 211.4K engagements

"@MBIR_Guru @swinshi @Nonfon420 @besttrousers @profplum99 I get the difficulty of his position; a Wash DC economic thinktank guy can't write a white paper that states what I wrote ($1.25 min. wage in 1964 now buys $XXXXX of silver) & expect to keep his job b/c it lays bare the outcome of DC economic policy post-1971 (red arrow)"
X Link 2025-11-29T21:50Z 368.7K followers, XXX engagements

"@5n0wl3op4rd Not saying that Just saying the horses didnt hold mortgages car loans credit cards and student loans they would default on when cars took their jobs"
X Link 2025-11-30T03:02Z 368.7K followers, XXX engagements

"Shout-out to all the bondholders out there that are holding 10y USTs at X% yields while average selling prices on Black Friday were up X% y/y. Thank you for your service. 🫑"
X Link 2025-11-30T21:38Z 368.7K followers, 113.4K engagements

"2/ Same energy"
X Link 2025-12-02T15:16Z 368.6K followers, 14.8K engagements

"@JeffDiamond3 @abraghis That's a sore spot for me πŸ˜‚ I owned 2000 shares of AAPL at $XX in 2002 b/c cash on the balance sheet was $10/share. I sold it at $XX & thought I was smart. If i'm doing the split math right had I held it the whole time i would own 112000 shares of AAPL today.or $32m"
X Link 2025-12-02T15:30Z 368.5K followers, XXX engagements

"@CarloFerlauto @Brad_Setser @greg_ip Yes. It is not that China does not believe in balanced trade. It is that China disbelieves in unsound money because they learned the painful lessons of it centuries ago. This passage was written circa 1910 proving the adage "there's nothing new under the sun":"
X Link 2025-12-06T16:03Z 368.7K followers, XXX engagements

"@michaeljmcnair Yes.and now rising bond yields will destroy the west instead of an evil invading dictator. .unless we choose to destroy western currencies instead of allowing the bond market to crush the economies. :)"
X Link 2025-12-08T22:21Z 368.6K followers, 1012 engagements

"@Brad_Setser Gold in CNY is 30000 If Bessent lets gold go to $7500 thats XXX USDCNY thru the gold pivot Problem solved"
X Link 2025-12-09T00:44Z 368.7K followers, 1916 engagements

"Nominally I agree.but the Treasury shifting issuance massively to the front end πŸ‘‡ DOES remove duration from the private sector esp. when married w/Fed duration holdings still rising from reinvestment. There's no functional diff b/t Treasury shifting all issuance to front end & Fed buying it all via Bill purchases v. normal duration issuance & Fed buying a lot of it no"
X Link 2025-12-11T21:29Z 369.1K followers, XXX engagements

"The signals lined up before theyre lining up again. Heres what we forecasted and what happened next. Get What we said and how it played out Vol. II here. πŸ‘‰"
X Link 2025-09-02T00:30Z 369K followers, 332.7K engagements

""The Debasement Trade" since COVID: In USD: NDX up XXX% SPX up XXX% Home prices up 56%. In gold: NDX up X% SPX down XX% Home prices down 37%. In BTC: NDX down XX% SPX down XX% Home prices down 87%"
X Link 2025-10-03T18:47Z 369.1K followers, 1.1M engagements

"If "USD dominance" is still a strategic asset why would the US govt be adding copper silver uranium met coal potash lead & other minerals to a list of critical minerals Why not just print the USDs & buy the minerals as we need them like we did for the prior 50+ yrs"
X Link 2025-11-06T18:20Z 369K followers, 141.1K engagements

"Foreigners already own $63T net $26T gross in USD assets. IE - foreigners' money is already here just in stocks bonds & RE. So your (& Trump/Bessent's) FDI solution = either we crash stocks bonds & RE as foreigners sell to finance FDI or we print the $ to give to them to invest in FDI"
X Link 2025-11-16T17:19Z 369.1K followers, 2494 engagements

"Will more Fed rate cuts increase US electrical grid capacity instantly Can the Fed QE grid capacity engineers and skilled trades into existence instantly No"
X Link 2025-11-21T17:48Z 369.1K followers, 36.2K engagements

"If AI doesnt work it will risk recession blowing out fiscal deficits into insufficient foreign UST demand. If AI works it will undermine the U.S. fiscal position (half of US Federal receipts come from employment) blowing out deficits into insufficient foreign UST demand"
X Link 2025-11-24T21:29Z 369.1K followers, 570.4K engagements

""The impact of tariffs can be seen in the Black Friday data according to Salesforce. Average selling prices were up X% y/y while order volumes were down X% y/y." πŸ€”"
X Link 2025-11-30T15:50Z 369.1K followers, 493.4K engagements

"TLT/GLD ever since global Central Banks stopped buying USTs on net & amped up gold purchases: Down XX% in XX years.and more to go in either deflation or inflation.mainly via higher gold IMO. Thank you for your service by being financial repression cannon fodder. πŸ™"
X Link 2025-11-30T17:47Z 369.1K followers, 39.2K engagements

"The Trump Administration says it wants to reshore. Bessent says he wants lower 10y UST yields. US November ISM Manufacturing in contractionary territory with 10y UST yields still X% says there will be no meaningful reshoring without explicit YCC. Let's watch"
X Link 2025-12-01T15:32Z 369.1K followers, 59.4K engagements

"Below is a quote on gold & silver from circa 1910 as quoted in "The Raven of Zurich: The Memoirs of Felix Somary." While many investors (correctly) say "It's never different this time" most investors do not look back far enough in time. History did not start in 1980 or 1945"
X Link 2025-12-01T16:48Z 369.1K followers, 79.6K engagements

"@Globalflows @MenthorQpro weaker USD helps them stronger USD forces selling of the $63T (gross) $26T (net) in USD assets they own πŸ‘‡ They sell what they can most easily ($8.5T in USTs) not necessarily what they want to (equities next up.)"
X Link 2025-12-01T16:55Z 369.1K followers, 1540 engagements

""Inflation ballooning home values and a decades-long push into stock markets by average investors have lifted millions into millionairehood. A June report from UBS found about 1/10 of US adults are millionaires" - AP .& yet SPX Total Return priced in gold is flat with 1997:"
X Link 2025-12-02T15:13Z 369.1K followers, 29.1K engagements

""Francis Scott Key Bridge will take two years longer than initially thought and will cost more than twice as much as initially thought to rebuild." Take the "over" on both how long rebuilding the US grid & industrial base will cost & how inflationary it will be"
X Link 2025-12-02T16:52Z 369.1K followers, 81.9K engagements

"Trump (and Wall Street consensus) to the Japanese government: "You are going to fund a big portion of the reshoring and rebuilding of the US industrial base and electrical grid." JGB market to the Japanese government:"
X Link 2025-12-02T18:36Z 369.1K followers, 93.7K engagements

"1. ECB ascribing a lot of power to a "useless" "pet rock" metal held mainly for "tradition." X. ECB essentially telling western governments (many of whom desperately need to subjugate their central banks to finance high debt/deficits) that this goal can be achieved using goldπŸ€”"
X Link 2025-12-03T16:09Z 369.1K followers, 77.2K engagements

"Apparently "some bond market participants" do not yet realize their holdings must lose on a real basis for the US to not lose to China in the Great Power Competition and will lose on a real basis if the US does lose the Great Power Competition to China"
X Link 2025-12-03T21:33Z 369.1K followers, 99.5K engagements

"1/ Im recording a 5-10 min YouTube video tonight to be released later this week; pls drop some questions below & Ill touch on as many as I can on a best efforts basis. Thx (Also pls feel free to subscribe to my YouTube channel.)"
X Link 2025-12-04T02:54Z 369.1K followers, 30.6K engagements

""Amateurs talk tactics; professionals study logistics." One needed to have only a passing understanding of logistics to realize that the right panel outcome has long been inevitable. Big implications for macro: The west cannot stop changes to the "Rules Based Global Order.""
X Link 2025-12-04T17:11Z 369K followers, 62.6K engagements

"@michaeljmcnair Me neither - but what you describe here would require the Fed to buy a significant quorum of the global $130T bond market in short order. Fed balance sheet from $7T to say $20T in 6-9 months"
X Link 2025-12-04T17:47Z 369.1K followers, XXX engagements

"Can confirm. Clevelands weather in recent years has been more akin to US cities where home prices are easily 2-3x higher than Clevelands"
X Link 2025-12-04T19:09Z 369.1K followers, 45.7K engagements

"@_contraryan Isnt pump the brakes the state motto of Florida from November-April as XX million elderly Boomers crowd Floridas roads πŸ˜‚"
X Link 2025-12-04T19:22Z 369K followers, XXX engagements

"Hear me out: EU can bet billions of dollars that Ukraine will lose the war to Russia & then the EU can cut off aid to Ukraine causing Ukraine to lose but earning billions of dollars for the EU that the EU can then use to buy weapons for Ukraine (if China will supply the REEs)"
X Link 2025-12-04T19:25Z 369.1K followers, 37.1K engagements

"Last time the blue line hit this high on the upside the USD was significantly devalued at the Plaza Accord. Consensus seems to be overwhelmingly in favor of it will be different this time. Lets watch"
X Link 2025-12-04T21:21Z 369.1K followers, 89.1K engagements

"In 1964 Federal min. wage was $1.25/hr or X (silver) quarters Today value of a 1964 silver quarter at $58/oz = $XXXXX Had Federal min. wage kept pace in silver terms itd be X x $XXXXX = $52.45/hr not $XXXX Real cost of living deniers be like "It's different this time"πŸ‘‡"
X Link 2025-12-05T16:20Z 369.1K followers, 86.6K engagements

"Implications of this chart = Goldman Sachs thinks. a) China is going to win v. the US and much of the west for the next X years b) CNY needs to rise meaningfully v. USD and other western currencies. Chart via @greg_ip"
X Link 2025-12-06T16:17Z 369.1K followers, 48.7K engagements

"I'm going to be on Making Money on Fox with @cvpayne today in the 2pm hour. Hope to see you then"
X Link 2025-12-08T18:02Z 369.1K followers, 26K engagements

"2025 US National Security Strategy (NSS) report in meme form:"
X Link 2025-12-08T21:19Z 369.1K followers, 36.2K engagements

"@TonyNashNerd @profplum99 Ironically haven't the Chinese done a version of the opposite (low income taxes letting property prices collapse) & been criticized in the west for that"
X Link 2025-12-09T14:48Z 369K followers, XXX engagements

"The "Denial" stage of grief about the actual degree of US leverage v. China in the trade war appears to be transitioning to "Anger" and "Bargaining" stages in real time in the US Beltway. Major macro implications as we move to "Depression" & then "Acceptance" phases in 2026"
X Link 2025-12-09T15:04Z 369.1K followers, 35.1K engagements

"In 2022 the Russia v. NATO war in Ukraine was (properly) framed as "weaponized commodities" v. "weaponized USDs." Fast forward to 2025 and the US is selling USDs to buy commodities. Critical macro signpost. Watch what they do not what they say"
X Link 2025-12-09T17:27Z 369.1K followers, 55.2K engagements

"De-coupling from China requires the US to choose to sacrifice either the UST market or the USD; this is not an opinion it is a double-entry bookkeeping identity. Meme via @gave_vincent from his recent publicly-shared report (link below.)"
X Link 2025-12-09T22:11Z 369.1K followers, 86K engagements

"@wait4thegoodlif @gave_vincent foreigners are long lots of USD bonds & have borrowed lots in USD debt so when USD gets too strong they sell USD bonds they own to raise USDs to defend their currencies/repay their USD debt"
X Link 2025-12-10T01:56Z 369.1K followers, XXX engagements

"GOLDMAN SACHS SEES SIGNIFICANT UPSIDE TO OUR END-2026 $4900 GOLD PRICE FORECAST - BBG Everyone says China needs to strengthen CNY v. USD & v. EUR. Gold price in CNY is CNY 30000 πŸ‘‡ so USDCNY XXX would mean $7500 gold thru the gold FX cross/lever (30/7.5 = 4.0)"
X Link 2025-12-10T16:27Z 369.1K followers, 54.8K engagements

"@ChiragG30107966 IMO they wont fix it there It will keep rising over time IMO"
X Link 2025-12-10T17:18Z 369.1K followers, XXX engagements

"@elg 30k gold in CNY/$7.5k gold = XXX USDCNY"
X Link 2025-12-10T17:19Z 369.1K followers, 1380 engagements

"@ZachSawatz3599 Begs the (serious) question - if gold is still captured (I agree it once was) why is BTC down v. gold since 2021 & looking like it is rolling over v. gold for only the 4th time in XX years"
X Link 2025-12-10T17:23Z 369.1K followers, XXX engagements

"The theme of our conversation on this Monetary Matters pod with @JackFarley was this scene in "The Notebook": "What.do.you.WANT" Reshore/win the AI race v. China or maintain the real value of the UST market - can't do both. Thank you for having me on again Jack"
X Link 2025-12-10T17:32Z 369.1K followers, 44K engagements

"@ChiragG30107966 Because CNY is falling against gold which means sovereignty As long as USD is the reference point China is an economic vassal Gold as the reference point = economic sovereignty for China"
X Link 2025-12-10T20:00Z 369K followers, XXX engagements

"Many assert we can go to "wartime footing" to reshore. 1940 "wartime footing" was XX% of GDP deficit Fed b/s up 10x in X yrs (via YCC) & "bigly" GDP growthπŸ‘‡ If Fed YCC'd 10y yields at XXX% TLT would rip higher. but TLT owners would go from eating steak to eating dog food"
X Link 2025-12-10T20:49Z 369.1K followers, 70.8K engagements

"@MartinSkold2 Good point I could see that"
X Link 2025-12-10T21:59Z 369K followers, XXX engagements

"@JeDu7997 Disagree. Foreigners already own $63T (gross) $26T (net) in USD assets. Too strong a USD turns them sellers of those assets starting with what they can sell most easily (USTs)"
X Link 2025-12-10T23:13Z 369.1K followers, XXX engagements

"Are these the same Africans some US policymakers are expecting to buy hundreds of billions of dollars of T-Bill-backed stablecoins thereby funding US deficits more cheaply If so seems like there's a problem with "the plan.""
X Link 2025-12-10T23:22Z 369.1K followers, 55.4K engagements

"@LynAldenContact @conksresearch How about if Bessent sells T-Bills to buy back duration. .and then Powell turns around and buys T-Bills"
X Link 2025-12-10T23:23Z 369.1K followers, 26.1K engagements

"@BlueBird_Invest @JackFarley96 Treasury chose "print" instead first by weakening USD at a XX% annual rate from Oct 2022 to early 2023 then by running down RRP then by shifting issuance into T-Bills. The liquidity always gets supplied no matter what"
X Link 2025-12-11T14:42Z 369.1K followers, XXX engagements

"@BickerinBrattle @LynAldenContact @PauloMacro @thanium @conksresearch DJIA already down XX% in gold terms since Fed began hiking in 2022. Historically this goes to XXX in major crises in the US (1933 1980.) And if it goes to XXX via DJIA dropping US govt receipts won't be sufficient to cover Federal interest expense"
X Link 2025-12-11T14:43Z 369.1K followers, XXX engagements

"This extraordinary MUST-READ piece by @ctindale is one of the most informative (& unsettling) things I've read in years. It's lengthy but well worth the time investment"
X Link 2025-12-11T17:12Z 369.1K followers, 488.3K engagements

"@BotTheWrongDip @vtchakarova Piers Morgan's recent Nick Fuentes interview IMO sheds some light on how many American young men might react to having to get involved in Europe"
X Link 2025-12-11T17:55Z 369.1K followers, XXX engagements

"@BotTheWrongDip @vtchakarova I think he is a warning. Since Rutte chose to use WW1 & WW2 history to push for war allow me a quote from the same time frame from the president of the Reichsbank Hjalmar Schacht: If Rutte pushes the US into war there will be many more Nick Fuentes' in the US"
X Link 2025-12-11T18:33Z 369.1K followers, XXX engagements

"OK.then what do you do about the resulting inflation that sends 10y UST yields to X% mortgages to 9-10% collapsing US stocks US housing markets & the banking system while sending US govt interest expense on $39T in debt to $2.7T/yr which when added to $3.7T/yr of Entitlements is $6.4T or 150-200% of recessionary US government receipts Print to cap bond yields & pay interest/Entitlements (crush the USD) or let the US economy collapse the US Treasury default leading to USD hyperinflation (as the USTs back the USD)"
X Link 2025-12-11T18:52Z 369.1K followers, XXX engagements

@LukeGromen
/creator/twitter::LukeGromen