U.S. Has Reached ‘Choose Your Poison’ Moment: Save the Dollar or Save Treasuries
U.S. Has Reached ‘Choose Your Poison’ Moment: Save the Dollar or Save Treasuries | Gromen & Makori
Miles Franklin Media: 5-18-2026
Michelle Makori, President & Editor-in-Chief of Miles Franklin Media, sits down with Luke Gromen, Founder & President of FFTT LLC, for a deep-dive into what he believes is becoming an unavoidable monetary breaking point for the United States.
Gromen warns that the U.S. may soon face a historic “choose your poison” moment: save the dollar or save the Treasury market.
As the Iran conflict, rising oil prices, inflation pressures, and sovereign debt stress converge, he argues policymakers may ultimately be forced to inject liquidity into an inflation spike – weakening the dollar to keep the financial system functioning.
In this episode of The Real Story with Michelle Makori:
Why the U.S. may have to choose between saving the dollar or Treasuries
The Iran war’s impact on inflation, oil, and sovereign debt markets
Why Luke Gromen says “the release valve becomes the dollar”
Gold’s growing role as a neutral reserve asset
Why Gromen believes gold could rise 5X-10X
The possibility of gold being revalued against oil
Why central banks continue aggressively buying gold
Trump’s China negotiations and the future of the dollar system
Bitcoin’s role in the coming monetary reset
00:00 – Coming Up
02:27 – Introduction
06:25 – The Debt Spiral
08:08 – Is the Fed Already Injecting Liquidity?
10:26 – How Governments Will “Save” the Treasury Market
14:22 – The Real Tradeoff: Weak Dollar or Inflation Spike
:35 – What This Means for Investors and Markets
24:15 – Trump’s China Trip and the Real Power Shift
31:25 – Did the U.S. Miscalculate Iran?
37:46 – “It’s a Giant Mexican Standoff”
40:22 – The Most Likely Endgame for the Iran Conflict
51:19 – Why the Dollar Still Dominates Global Payments
54:39 – Gold as the New Neutral Reserve Asset
58:08 – China’s Message to America: “Let Gold Rise”
1:05:02 – Trump & Fort Knox
1:09:27 – Is the U.S. Quietly Settling Trade Deficits in Gold?
1:12:25 – Gold Could Reach $15K-$22K This Cycle
1:14:22 – Gromen’s Base Case
1:15:33 – Gold vs. Bitcoin in the New Monetary System
1:20:23 – Why Gromen Prices Everything in Gold
1:23:41 – Portfolio Positioning
1:27:08 – Are We Already Entering a “Crack-Up Boom”?