TG 988: The Gaggle Talks To Tom Luongo Since there is a lot of talk about the economy I wanted to link the most interesting Postcast I saw on this subject from 2 months ago.

This was a very interesting podcast, more importantly the only one that came to the subject realistically:

“Clearly if it’s a fight between the ECB, the BIS and the Federal Reserve, why do you think they all have the same agenda? Because they don’t, they don’t. Because bis and ECB they have aspirations…” -Tom Luongo

Just like in my post about German aspirations and US aspirations. Only naive people, idealists, believe the West is all good and that the West are all good friends and there is no power struggle between them. Just like I wrote about the power struggle between US and EU and power struggle inside EU between Germany and the rest of EU with regards to Big Power Politics/Realistic Politics. So that constant realistic power struggle has to exist also in the financial system and institution.

I am more of a physics, history, philosophy, psychology kind of guy. I know economics since if you don’t know economics you don’t know history. But I am not so well informed with modern economic systems.

“offshore dollar markets”

“massive offshore leverage dollar market known as the euro dollar system which is how Europe funds itself”

I don’t understand the connection between the EU and US so the euro dollar system he speaks about. If someone with a better understanding of it could explain it to me. Only connection I know between the US dollar and EU was the Bretton Woods system which was set up a long time ago and before Euro. I don’t know the current connection Between EURO and US Dollar.

27:22
“To go back what I was saying earlier I really do think I don’t think China wants to just a disorderly destruction or dissolution of the United States I don’t think the Russians want it I don’t think the Chinese one don’t think the Iranians why don’t think anybody wants it the only people who wanted her Europe if you really look at what they say if you look at what they’re doing they absolutely want it because they want the European Union to be the center of the West and not the United States and they want to transfer that power yeah I see that so clearly I know it’s never going to happen but that’s what they want because then they want to move it to the U.N from there they want to move the power to the U.N kick Russia off the security Council which is nonsense I think I think these are all grandiose plans I see what these people want I’m not saying they’re going to get there” -Tom Luongo
37:15
“Tom Luongo:You know when you put it all together that way, what the FED is trying to do is break Europe and they’re trying to break the offshore dollar markets… I really do believe that this is part of the issue because this is how the FED gets control over its own monetary policy.
Peter Lavelle:Okay so basically to break the Euro to the advantage of the dollar that’s what you’re saying?
Tom Luongo:Well yeah. Clearly if it’s a fight between the ECB, the BIS and the Federal Reserve, why do you think they all have the same agenda? Because they don’t, they don’t. Because bis and ECB they have aspirations and the FED and it’s political arm of the FED which is Congress which is betrayed has been betraying the FED left and right for years with profit spending that the FED is forced to monetize. Okay Why do you think Powell was pulled back as hard as he is? I’m like I want to get up this morning. I’m watching the markets this morning and I’m like you’re still mispriced: feds raise interest rates by 50 basis points in three and a half weeks and Libor is still trading nine basis points over sober, we have a problem here! Like we have a massively mispriced credit Market and that rate shock is coming either at the end of this month or sometime in the end of Q1 early Q2. Where everybody will finally realize a critical mass of people will wake up and realize that the fed put is dead and the FED is trying desperately to stop the train. they have multiple problems that would have as I’ve outlined. They’ve got de-dollarization which is causing offshore dollars to come home, you’ve got a massive offshore leverage dollar market known as the euro dollar system which is how Europe funds itself at this point and how many aspects of the global economy fund itself most of which funds the Empire that we all hate, right. That’s FTX is part of that and I firmly believe that the FED took down FTX on Election night, oh yeah I would have done that. Yeah of course because now we have proof that they stole an election with using tax money laundered through a crypto project and Ukrainian funding. I’m like oh my God they’ve got them dead to rights. If there’s actually any justice in the world this is what’s going to come out, I don’t know if it is but you know. I can see it all laying out, I’m like like it all makes sense to me and so If the Fed is underexistential threat by a bunch of people that want to do away with the commercial banking system, which they do. Then it only makes sense that they would fight these people left and right to tooth and Claw. So the best way to do that is to just take away the dollars and they haven’t taken away the domestic dollar flow. It M2 is just starting to Crest here in the United States but the FED has five trillion dollars worth of treasuries on its balance sheet or whatever the number is some ludicrous number and they’ve got two trillion dollars in a reverse repo account. They have assets on both sides of the domestic bank balance sheets to liquefy whatever comes down the pike, but everybody else doesn’t and that’s the important part to understand. I do this a lot… I’m like okay how am I gonna beat these people, like what’s my what’s my winning solution here, what’s my firing solution for taking everybody out. I’m like: oh it’s this clearly, jack interest rates up and then watch enemies burn. the Russians are insulated from this they’re mostly de-dollarized the Chinese…
Peter Lavelle:What happens if it doesn’t work?
Tom Luongo:If it doesn’t work it doesn’t work then the United States, then United States is screwed”