Tom Luongo has followed up on his promise of further elucidation of the economic and monetary front of the global war the elites of the collective West are trying to prosecute in order to maintain and extend their rule. The Luongo Theory of Everything, in a short form version, maintains that, in opposition to the elites of the collective West (“Davos”), the Fed—in league with major commercial banks based in New York City—is waging its own war. The purpose of that war is to defend the Dollar, to assert American sovereignty over the Dollar (and therefore over its economy), ultimately leading to a forced transformation of the current US economic and financial structure and a forced reformation of government finances. The point of the transformation is to move the US economy away from its finance based casino style of capital allocation to more productive purposes. The point of the reformation of government finances is similar—to put government finances on a sustainable basis.
Mark, as far as I know there are bunch of countries with variable/adjustable mortgage rates ONLY. For example Sweden or Poland. So how these rate hikes will work out for them? Can ECB can save them after LIBOR is dead???
Who knew--in the mind-numbing tedium of converting my clients' LIBOR financings (and related swaps) to SOFR these past two years--I was somehow doing the Lord's work? 😉😉😉
Vast is a relative term. Note three things. 1) how much of this equipment consists simply of trucks--support vehicles. 2) this equipment was simply part of a military exercise. the potential combat effect of this equipment would not be negligible, but even this amount wouldn't be a game changer against Russia. 3) it's going BACK to the US. It's positioned to be loaded on ships LEAVING Poland.
And nothing the ECB and Yellen can do about it in the long run, if I understand Luongo. The article is talking about European Central Banks, not the Fed.
Game, set, and match Luongo. Even better no one can keep him out of the Miami Open.
"SOFR knocked out the Eurodollar because that was the Fed’s and New York’s ultimate goal; to replace the global rate for dollars with a domestic one where the capital would have to trade here. The globe takes its cues, not from what Europe or Hong Kong wants, but what America needs."
These are some of the most wonderful words I can remember reading in a long time. You don't have to be strictly MAGA to appreciate the implications of the U.S. (us) taking control of its own money supply again. Isn't that the way it should be? After all, we are the ones paying (investing) for the returns we get and the money we spend should be reflected in the degree of power we have (or should have in a Republic). Tell that to our politicians and they will only laugh but thank God that Jay Powell and his com-patriots on the Fed take that seriously and are on our side for the time being at least.
Luongo shares his insight and his views from a desire to use his own gifts for others' benefit - the same as you, Mark. God bless you both and many blessings and thanks to you both.
If, as Luongo relates, Powell is indeed pursuing a war for the American Dollar, he is doing a great service for this country. I hope we get to where such real heroism can be recognized. (Won't be under a current democrat occupied White House).
Now, do China & it's control mechanisms of US agencies, media and politicians. I wonder just how much the stated Peg of the Renminbi (yuan) to the Dollar relates in that buy-America 'relationship' the Chinese have pursued. (WRH)
Now if only our politicians and media had a clue and understanding about this and would being reporting it and educating the public. Heads would explode. Wouldn’t that be fun.
Mark, as far as I know there are bunch of countries with variable/adjustable mortgage rates ONLY. For example Sweden or Poland. So how these rate hikes will work out for them? Can ECB can save them after LIBOR is dead???
Who knew--in the mind-numbing tedium of converting my clients' LIBOR financings (and related swaps) to SOFR these past two years--I was somehow doing the Lord's work? 😉😉😉
Watch: Vast Expanse Of US Military Hardware Positioned At Polish Port
https://twitter.com/balt_security/status/1631977563240144898
Vast is a relative term. Note three things. 1) how much of this equipment consists simply of trucks--support vehicles. 2) this equipment was simply part of a military exercise. the potential combat effect of this equipment would not be negligible, but even this amount wouldn't be a game changer against Russia. 3) it's going BACK to the US. It's positioned to be loaded on ships LEAVING Poland.
Central Banks Are Suffering Staggering Losses The Higher Rates Rise
https://www.zerohedge.com/markets/central-banks-are-suffering-staggering-losses-higher-rates-rise
And nothing the ECB and Yellen can do about it in the long run, if I understand Luongo. The article is talking about European Central Banks, not the Fed.
All Greek to me but if it works, I’m for it. Causing me and family pain for purchase (ie., cars) but, we’ll work it out.
Most of this is above my head, but I hope Tom is right. Globalisation is definitely on the ropes.
This is wonderful, wonderful, wonderful news. The Lord works in mysterious ways indeed, lol!
Thanks for this article! It gives me hope that anyone is trying to stop Davos.
This is the best news I’ve read in the last 3-4 years.
Thank you.
Game, set, and match Luongo. Even better no one can keep him out of the Miami Open.
"SOFR knocked out the Eurodollar because that was the Fed’s and New York’s ultimate goal; to replace the global rate for dollars with a domestic one where the capital would have to trade here. The globe takes its cues, not from what Europe or Hong Kong wants, but what America needs."
These are some of the most wonderful words I can remember reading in a long time. You don't have to be strictly MAGA to appreciate the implications of the U.S. (us) taking control of its own money supply again. Isn't that the way it should be? After all, we are the ones paying (investing) for the returns we get and the money we spend should be reflected in the degree of power we have (or should have in a Republic). Tell that to our politicians and they will only laugh but thank God that Jay Powell and his com-patriots on the Fed take that seriously and are on our side for the time being at least.
Luongo shares his insight and his views from a desire to use his own gifts for others' benefit - the same as you, Mark. God bless you both and many blessings and thanks to you both.
My best to you Mark, and all your readers;
If, as Luongo relates, Powell is indeed pursuing a war for the American Dollar, he is doing a great service for this country. I hope we get to where such real heroism can be recognized. (Won't be under a current democrat occupied White House).
Now, do China & it's control mechanisms of US agencies, media and politicians. I wonder just how much the stated Peg of the Renminbi (yuan) to the Dollar relates in that buy-America 'relationship' the Chinese have pursued. (WRH)
Now if only our politicians and media had a clue and understanding about this and would being reporting it and educating the public. Heads would explode. Wouldn’t that be fun.