Many investors fear that the U.S. is on the route to Japanification—but should they be more concerned about "Argentinization"? With federal debt-to-GDP reaching close to 130%, higher than it's ever been before the COVID-19 pandemic, Luke Gromen, founder and president of Forest for the Trees (FFTT) LLC, makes the case for why the U.S. is increasingly at risk of sovereign debt default. Gromen walks through his framework by explaining the limited resources the Fed has at their disposal to mitigate the risks of a sovereign debt default, how that affects asset prices, and whether Bitcoin could be a true fix for the system. Interviewed by Ash Bennington on August 19, 2021.