Tom Luongo is a former research chemist and writer on markets, culture and geopolitics. He publishes regularly on his blog, Gold, Goats ‘n Guns at www.tomluongo.me as well as the Gold Goats ‘n Guns Monthly Newsletter which provides a portfolio strategy for retail-level investors to make sense of today’s global/macro environment. His work can be seen regularly on such sites as Zerohedge, Lewrockwell.com and The Duran. Mr. Luongo is also a regular contributor at Money & Markets, Strategic Culture Foundation and edits the Ultimate Wealth Report monthly newsletter for Newsmax while also contributing to Financial Intelligence Report.
Why is money velocity more important than the balance sheet?
Keynes would never have agreed with QE. He won the argument in the 1930s that the government has a role in being countercyclical. Why was he wrong?
In 2008, the system broke. The Central Reserve banks cartelized everything . Dumb ideas never die.
Once you believe the debt is never repayable and confidence has collapsed, what happens?
Why didn’t they pull something off at the 20th anniversary of 911? Was Mr. Putin instrumental?
Be heartened by what we’re seeing, but they’re not done yet. Understand their goals.
What is COP26 about?
Sylvester asks if Bitcoin will be here long term.
What if they made Bitcoin illegal?
What does a collapse look like?
The ECB can go bankrupt.
Fed has $8 trillion paper debt on their balance sheet.
Peter asks what Tom Luongo thinks of the US breaking up, with Florida and Texas in the lead?
The EU/USSR must be destroyed. If Biden wasn’t saber rattling over Taiwan, there would be no issues between China and the US. China and Russia want the US to change, but not a change led from the top.
Diversify: Gold, cash, crypto, commodities.