Yesterday evening Tom Luongo concluded his two part series on Jay Powell’s War for the Dollar. Much of this installment is over my head, but the concluding paragraphs provide what is, to my mind, an excellent framework within which to understand the linkage between so much of what is going on in our world today. The war on Russia, the rise of BRICS (and related monetary and economic defenses against the collective West), the rising importance of natural resources, the Western strategy of inflating into debt default as the prelude to totalitarian social control. Here’s the link for those with a more sophisticated understanding that I have of finance and economics:
I'm no expert when it comes to financials and if you don't believe me you could look at my finances for some proof. Saying that, I wonder who is correct - Luongo or CTH. I've pointed out here before that CTH believes Powell is "in on the deal". He is purposely driving down economic activity to coincide with the desire to kill "fossil" fuels. I tend to agree with Luongo if only because he seems to present his case a little more thoroughly. I hope TL is correct and Powell has the best interest of America in mind because, if he isn't, Powell is as evil as the rest of them and I don't see how we escape from that.
As a reader of both men's writings for a couple of years - I don't know the answer, but what I do know is that whilst I believe that both men are honest and have integrity, Luongo shows more humility, the ability to concede error, and a lower propensity to gaslight his own readers.
Luongo is right as far as that's concerned. Powell is concerned with gaining control over our own currency. That will be the basis for economics going forward. The NY Guys would never have forced Powell on Zhou--which they did--if he was going to try to "kill 'fossil' fuels". Dimon went to Davos this year to tell them: We're not killing oil.
Powell has the hardest job in the world. The fact is, global dollar dominance was/is the linchpin of american economic power and hegemony. But that was born in the world where the US economy represented 75% of global GDP.
Powell gets this. He knows that a world where the american economy is ~25% of output needs to be based on different financial truths- such as debt being a real thing, entitlements not being endless, and so on. A soft landing as you said. But I can understand the resistance. What empire has ever acquiesced to going quietly in the night?
The problem we face is that, rather than facing up to such realities, the Neocon/Neo-Malthusian globalists believe that, when push comes to shove, military power can solve those problems.
Probably shoulda spelled this out more explicitly ...
The banning of cheap and effective well tested meds using way, way over the top hysteria was a tell--this was beyond ordinary hysteria. It was establishment generated hysteria.
The resort to venting when many doctors knew better and said so, coupled with the criminal treatment of care facility residents was another tell.
Health Sec Matt Hancock's murderous policies and scare mongering being exposed in the leaked Whatsapp msgs proves your point. Of course msm is its best to ignore the story.
The refusal to use navy hospital ships docked in the ny harbor instead of sending people back to nursing homes has to be another tell. There is no way this wasn’t deliberate policy to reduce the elderly population. As much as it hurts write that about American “leaders”.
Dear KLG - I am in strong agreement with your points. In concourance with many commenters here in support of the unique benefit of 'the American way'. I offer input hinged to experience of living overseas (EU) and business (EU/Asia) plus having as part of the family a late teenager soon to clear the house. The leadership is Us. Our political leadership in many states and certainly DC is ... poopy. When the benjamins run out, so too will they. Cie la vie. Most of us don't "get involved" to change things because i) our lives are pretty good, though stressed but not broken; ii) we think the current system is rigged, so plug into what? (this is the appeal of PDJT, by the way = not more of the same); iii) we have faith in the Lord and look to be good to our fellows. But the 'can-do' culture here is unique. It is more wild west intense in Africa (order of magnitude) and Asia, but trust issues hamper output (quality, scale, innovation, et cetera). The first amendment enables a culture of dialogue, from bitch and moan, escalation by complaint, to high clarity and Eureka! moments: makes us much more robust to noise. Yes, 30% or so tend to listen to fear mongering stuff, was it ever thus? As to the youth, when I interact with the high schoolers, I see efficient, judgmental, thoughtful American cynics. They know something is up, they are open to change, and they have very good BS meters. I for one am very happy with the stock of our current youth. I have no idea how bad economically/lawfully things could get (not so hot presently), but local community will be the key to getting through things tolerable well.
You are 100% correct. The American spirit is formiddable, hence the onslaught of policies to crush it. Do not allow them to bring in socialism by the back door, which is what happened to the UK: after 3-4 generations of nationalised health care + ever expanding welfare system I now live in a country where millions of people look to the govt to sort their lives out for them. There is a dying light of independant thought and sense of personal responsibility that flickers here, yet the future worries me. Example: while talking to my neighbour who is quite awake to what's been going on about digital id and currency we pointed out that his granddaughter would be living in a world where her every move could be totally controlled. His response? She's so young that she won't know the freedoms she's lost. I despair
I wonder. I’m past eighty and looking at what is going on in the schools. I don’t see kids being raised to be motivated to want to do anything but whine and complain.
slap-happy sanction monkeys. LOL
I'm no expert when it comes to financials and if you don't believe me you could look at my finances for some proof. Saying that, I wonder who is correct - Luongo or CTH. I've pointed out here before that CTH believes Powell is "in on the deal". He is purposely driving down economic activity to coincide with the desire to kill "fossil" fuels. I tend to agree with Luongo if only because he seems to present his case a little more thoroughly. I hope TL is correct and Powell has the best interest of America in mind because, if he isn't, Powell is as evil as the rest of them and I don't see how we escape from that.
As a reader of both men's writings for a couple of years - I don't know the answer, but what I do know is that whilst I believe that both men are honest and have integrity, Luongo shows more humility, the ability to concede error, and a lower propensity to gaslight his own readers.
Luongo is right as far as that's concerned. Powell is concerned with gaining control over our own currency. That will be the basis for economics going forward. The NY Guys would never have forced Powell on Zhou--which they did--if he was going to try to "kill 'fossil' fuels". Dimon went to Davos this year to tell them: We're not killing oil.
Powell has the hardest job in the world. The fact is, global dollar dominance was/is the linchpin of american economic power and hegemony. But that was born in the world where the US economy represented 75% of global GDP.
Powell gets this. He knows that a world where the american economy is ~25% of output needs to be based on different financial truths- such as debt being a real thing, entitlements not being endless, and so on. A soft landing as you said. But I can understand the resistance. What empire has ever acquiesced to going quietly in the night?
The problem we face is that, rather than facing up to such realities, the Neocon/Neo-Malthusian globalists believe that, when push comes to shove, military power can solve those problems.
The Big Lie is deeper than El Gato states. The Big Lie: pathogenic viruses that cause disease actually exist.
Probably shoulda spelled this out more explicitly ...
The banning of cheap and effective well tested meds using way, way over the top hysteria was a tell--this was beyond ordinary hysteria. It was establishment generated hysteria.
The resort to venting when many doctors knew better and said so, coupled with the criminal treatment of care facility residents was another tell.
And there were more.
Health Sec Matt Hancock's murderous policies and scare mongering being exposed in the leaked Whatsapp msgs proves your point. Of course msm is its best to ignore the story.
The refusal to use navy hospital ships docked in the ny harbor instead of sending people back to nursing homes has to be another tell. There is no way this wasn’t deliberate policy to reduce the elderly population. As much as it hurts write that about American “leaders”.
Yes. Certainly better to let more people die.
Gato is my favorite bad cat!
Dear KLG - I am in strong agreement with your points. In concourance with many commenters here in support of the unique benefit of 'the American way'. I offer input hinged to experience of living overseas (EU) and business (EU/Asia) plus having as part of the family a late teenager soon to clear the house. The leadership is Us. Our political leadership in many states and certainly DC is ... poopy. When the benjamins run out, so too will they. Cie la vie. Most of us don't "get involved" to change things because i) our lives are pretty good, though stressed but not broken; ii) we think the current system is rigged, so plug into what? (this is the appeal of PDJT, by the way = not more of the same); iii) we have faith in the Lord and look to be good to our fellows. But the 'can-do' culture here is unique. It is more wild west intense in Africa (order of magnitude) and Asia, but trust issues hamper output (quality, scale, innovation, et cetera). The first amendment enables a culture of dialogue, from bitch and moan, escalation by complaint, to high clarity and Eureka! moments: makes us much more robust to noise. Yes, 30% or so tend to listen to fear mongering stuff, was it ever thus? As to the youth, when I interact with the high schoolers, I see efficient, judgmental, thoughtful American cynics. They know something is up, they are open to change, and they have very good BS meters. I for one am very happy with the stock of our current youth. I have no idea how bad economically/lawfully things could get (not so hot presently), but local community will be the key to getting through things tolerable well.
You are 100% correct. The American spirit is formiddable, hence the onslaught of policies to crush it. Do not allow them to bring in socialism by the back door, which is what happened to the UK: after 3-4 generations of nationalised health care + ever expanding welfare system I now live in a country where millions of people look to the govt to sort their lives out for them. There is a dying light of independant thought and sense of personal responsibility that flickers here, yet the future worries me. Example: while talking to my neighbour who is quite awake to what's been going on about digital id and currency we pointed out that his granddaughter would be living in a world where her every move could be totally controlled. His response? She's so young that she won't know the freedoms she's lost. I despair
Sadly your neighbor is correct. I have the same thoughts whenever I’m with my young grandchildren. I can’t imagine their futures.
I wonder. I’m past eighty and looking at what is going on in the schools. I don’t see kids being raised to be motivated to want to do anything but whine and complain.
That’s a good point but you still need motivated workers. Talk to any employer. I’m glad I’m no longer a business owner.
I don’t see any political leadership any where in the world today. I have no idea who you think is going to heed these warnings.