Macro expert Luke Gromen says he firmly believes that the US dollar will see much lower levels in the coming years.
In a new interview on the Miles Franklin Media YouTube channel, Gromen says he believes the US dollar will be significantly weaker in the years ahead as President Trump moves to revive the country’s industrial base.
“My current highest point of conviction is I think two-fold. I think it is that ultimately the dollar is going to be much lower sometime in the next three years, and that the US is going to get much more aggressive about re-shoring and re-balancing global trade.”
Gromen says the dollar’s role as the world’s reserve currency has shifted into a national security liability. He argues the US needs Main Street revived, warning the nation is no longer in a position to defend itself against rivals.
According to Gromen, the Trump administration recognizes that decades of reserve-currency strength have hollowed out American industry, and a weaker dollar can restore competitiveness for US factories and exports.
“Why do we want Main Street to do better than Wall Street? Hasn’t this been good? Don’t we like this? And the answer to that is that it’s become a significant US national security threat. We have so hollowed out our manufacturing base. We can no longer make the weapons and armaments and the manufactured goods that the United States military needs to support the very dollar as it’s structured.”
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