This is a golden age for conspiracy theorists because
a) rarely if ever before has our government so consistently lied or not been transparent with us
b) rarely if ever before has our media so consistently lied or not been transparent with us and
c) odd things keep happening, like a raid on the ex-president’s house or Election Day vote-counting stoppages or covid lab leak coverups or a 1/6 “insurrection” in which the participants forgot to bring guns.
It certainly forces one to think outside the box.
Tom Luongo sometimes seems farfetched, sometimes less so, and I like how he's given us a rather provable data point on his theory: simply whether the Fed will raise interest rates 75-100 bps next month. Will Powell pivot (loosen up on interest rates) or smash Europe?!
He began his pod with talk about the shocking Trump raid and the lawlessness of our current leadership:
“They’re going to run the same plan with gun control they did with civil asset forfeiture. Just turn everybody into a felon and make it impossible to own a gun again. Seize your guns as assets and then turn around and say you can’t buy a gun anymore because you’re accused of a felony. This is how they’ll do it, just bureaucratize the entire system. If they can’t get rid of the 2nd Amendment then they’ll attack it through the court system, weaponize the police, and all the rest. The question becomes whether or not we’ll have governors and local sheriffs who refuse to go along with this. But here’s the problem - those sheriffs who refuse to go along will get summarily removed from office and they’ll put somebody in who is. They don’t care about how much money they spend. The only way to beat these people [Davos] is to take away their money and the only way you do is by taking away their ability to print it.
Davos has alienated a bunch of people by outing themselves. So all you have to do is see the play in front of you. And the play from the Fed is, ‘your bet doesn’t work for you guys anymore. We’re raising your interest rate to 7% and we don’t care how it breaks the world, we just know it’s going to break you." And that’s why the counterplays have been so vicious politically over the past couple of months. The Fed raises interesting rates 75 bps back-to-back while the polls shifting against Biden and nothing has worked to get people supporting Biden. Abortion hasn’t worked nor January 6th commission. America is looking at the kangaroo courts and people are asking, ‘When did America turn into East Germany?’. Well it’s been East Germany for a long time, just quietly been turned into East Germany.
It’s rapidly turning into an authoritarian nightmare. Davos will happily burn the United States to the ground by goading us into stopping the 2024 election or, depending on how things go, get NY and California and Oregon to say ‘we’re done, we don’t want to be a part of this anymore’.
They want to break up the U.S. and it’s not going to stop until you break the Eurodollar offshore banking system and you end dollar diplomacy. There is no alternative save a military coup and they’ve purged the military of people who would ever stand up for America. It’s a Hobson’s choice of “either you can have a civil war or you can have a civil war, your choice”.
So the Fed has to raise 75 basis points in September if not 100. If they pivot it’s all over and everything I’ve said for the last year ... Maybe they’ve taken Powell’s kids hostage or whatever, but if he goes 50 bps it's over, and if it's 75 or 100 basis points then it’s game on."