This next part, which contains more summary (as opposed to transcription), is very dense, getting into the mechanics of international finance. Read it carefully and you’ll come out on the other side. One thing that will become a bit more clear is, who is included when Luongo refers to “Davos.” I think you’ll see that it includes the legacy banks that up till know have run the world to a great extent: City of London, Paris, Amsterdam. There are Americans involved in this, too, because the Eurodollar system has allowed for the purchase of influence and even the purchase of governments—leading up to global government that Luongo sees as the Davos endgame fantasy. Bear in mind that Luongo is talking to a Brit, so when Luongo says “you”, that’s what he means.
Thank you very much for expanding on this great interview to help us better absorb the information. It's so important for all of us to understand what is going on.
I've been following with interests these posts, your take on Tom Luongo and the Fed as part of the battle against Davos. I've looked at his blog the 3Gs. I don't know enough finance to fully understand all of his arguments. I appreciate your analysis. Obviously, I hope Luongo's take is correct and the Powell can destroy Europe to the extent it is in Davos/WEF's thrall and is trying to destroy us. But, just as a suggestion to you, if you do understand Powell's work and Tom Luongo's analysis and can offer more basic supporting rationale, please do. I'd prefer to understand this aspect of the struggle and believe, hope in it versus having a kind of religious faith. After everything that has happened, I, along with many others, are seeking understanding to make sense of this great struggle of our times.
According to pollster 538, "Joe Biden's" approval ratings have actually increased from a low point in mid-July of 37.5 to 39.3 on Friday. What has he done to increase his ratings over the last two weeks? Right. His megaphones have broadcast mindless bellicosity towards China and Russia across the mainstream media (at the same time downplaying or ignoring surging inflation, increasing unemployment, continuing massive illegal immigration, Congress passing bills to raise taxes, and continuing out-of-control crime in our cities, etc, etc) and Biden's ratings have gone up.
This confirms to me that our Leftist politicians and media (and large elements of the RINO wing of the eGOP) have no interest in being objectively honest with the electorate or in solving problems. Their only interest is in feeding a narrative that will increase their poll numbers in August and their incremental chances of election in November.
And they are not 'wrong' to do so. Their strategy works!
I found this interview with Doug Casey to compare with TL. Whereas TL is in essence optimistic that there is a fightback ongoing D.C seems a lot more pessimistic. Thoughts?
Wonderful recapitulation, Mark! Just one quibble with Mr Luongo, whom I generally agree with. He, like many other similar commentators, tends to write off us Europeans as slaves. Sure, there is definitely a difference between the US/Anglo mentality and the rather docile Euro one towards authority. However, there are many of us over here fighting too. In Switzerland, supposedly a very docile place, we protested and managed to keep the level of Covid madness limited. Eastern Europeans are pretty feisty and this winter, we may even see the Germans fighting back. Meanwhile the French voters recently clipped Mr Macron's wings in the recent parliamentary elections. The only places in Europe that I see fitting the stereotype are places like Spain, Greece and Ireland, where there were virtually no protests against Covid and other globalist moves and where they have virtually given up on having kids. Those places really are doomed.
Masterful job in both your transcription and your comments, Mark. Thank you very much! Do people realize just how important all this is? Your efforts should certainly help.
As you note because of Trump and Brexit the timeline has been moved forward and the sense of urgency among the "Davos" crowd has greatly increased. One thing people should be clear about, the U.S. financial industry (a.k.a. "Wall Street") is not a monolith. You have people like Goldman Sachs and J.P. Morgan who are against "Davos" on the one hand and people like Blackrock and BoA (+ many corporations) who are for it on the other. This battle is ongoing and it is not certain who the victors will be. There are no perfect guys only guys who are better than other guys.
Congress under the Democrats are our enemies. ESG investing and those who support it (at this point) are our enemies. Climate change propagandists are our enemies. Those promoting collectivism and sacrifice for the "greater good" are our enemies. Learn to see the signals and learn to absolve yourself of the guilt others try to lay on you. Do what you can to resist false propositions and to support the truth and the real data. Don't give yourselves over to those who want to control your life. Affirm that your government was set up to guard and guarantee your freedoms. Be thankful for that, cite it, and never back down.
So how many of our esteemed politicians are aware of this, excluding those who are in on the “Davos fix” of course? The scale of this thing is mind boggling, and we are as needy for sharp minded politicians as we are for insightful diplomats, and honestly, I don’t think folks like Linseed Graham and Mittens Romney are up to the task.
You mentioned the other day that when this mess starts to shake out, things could get dicey domestically, today’s post certainly provided some scale to that statement.
Also, looks like Powell was the right guy at the right time. Kinda like the guy that nominated him for the job.
Thank you very much for expanding on this great interview to help us better absorb the information. It's so important for all of us to understand what is going on.
I've been following with interests these posts, your take on Tom Luongo and the Fed as part of the battle against Davos. I've looked at his blog the 3Gs. I don't know enough finance to fully understand all of his arguments. I appreciate your analysis. Obviously, I hope Luongo's take is correct and the Powell can destroy Europe to the extent it is in Davos/WEF's thrall and is trying to destroy us. But, just as a suggestion to you, if you do understand Powell's work and Tom Luongo's analysis and can offer more basic supporting rationale, please do. I'd prefer to understand this aspect of the struggle and believe, hope in it versus having a kind of religious faith. After everything that has happened, I, along with many others, are seeking understanding to make sense of this great struggle of our times.
According to pollster 538, "Joe Biden's" approval ratings have actually increased from a low point in mid-July of 37.5 to 39.3 on Friday. What has he done to increase his ratings over the last two weeks? Right. His megaphones have broadcast mindless bellicosity towards China and Russia across the mainstream media (at the same time downplaying or ignoring surging inflation, increasing unemployment, continuing massive illegal immigration, Congress passing bills to raise taxes, and continuing out-of-control crime in our cities, etc, etc) and Biden's ratings have gone up.
This confirms to me that our Leftist politicians and media (and large elements of the RINO wing of the eGOP) have no interest in being objectively honest with the electorate or in solving problems. Their only interest is in feeding a narrative that will increase their poll numbers in August and their incremental chances of election in November.
And they are not 'wrong' to do so. Their strategy works!
https://www.lewrockwell.com/2022/08/doug-casey/rise-of-alternatives-as-the-us-led-global-order-falters/
I found this interview with Doug Casey to compare with TL. Whereas TL is in essence optimistic that there is a fightback ongoing D.C seems a lot more pessimistic. Thoughts?
Wonderful recapitulation, Mark! Just one quibble with Mr Luongo, whom I generally agree with. He, like many other similar commentators, tends to write off us Europeans as slaves. Sure, there is definitely a difference between the US/Anglo mentality and the rather docile Euro one towards authority. However, there are many of us over here fighting too. In Switzerland, supposedly a very docile place, we protested and managed to keep the level of Covid madness limited. Eastern Europeans are pretty feisty and this winter, we may even see the Germans fighting back. Meanwhile the French voters recently clipped Mr Macron's wings in the recent parliamentary elections. The only places in Europe that I see fitting the stereotype are places like Spain, Greece and Ireland, where there were virtually no protests against Covid and other globalist moves and where they have virtually given up on having kids. Those places really are doomed.
Masterful job in both your transcription and your comments, Mark. Thank you very much! Do people realize just how important all this is? Your efforts should certainly help.
As you note because of Trump and Brexit the timeline has been moved forward and the sense of urgency among the "Davos" crowd has greatly increased. One thing people should be clear about, the U.S. financial industry (a.k.a. "Wall Street") is not a monolith. You have people like Goldman Sachs and J.P. Morgan who are against "Davos" on the one hand and people like Blackrock and BoA (+ many corporations) who are for it on the other. This battle is ongoing and it is not certain who the victors will be. There are no perfect guys only guys who are better than other guys.
Congress under the Democrats are our enemies. ESG investing and those who support it (at this point) are our enemies. Climate change propagandists are our enemies. Those promoting collectivism and sacrifice for the "greater good" are our enemies. Learn to see the signals and learn to absolve yourself of the guilt others try to lay on you. Do what you can to resist false propositions and to support the truth and the real data. Don't give yourselves over to those who want to control your life. Affirm that your government was set up to guard and guarantee your freedoms. Be thankful for that, cite it, and never back down.
So how many of our esteemed politicians are aware of this, excluding those who are in on the “Davos fix” of course? The scale of this thing is mind boggling, and we are as needy for sharp minded politicians as we are for insightful diplomats, and honestly, I don’t think folks like Linseed Graham and Mittens Romney are up to the task.
You mentioned the other day that when this mess starts to shake out, things could get dicey domestically, today’s post certainly provided some scale to that statement.
Also, looks like Powell was the right guy at the right time. Kinda like the guy that nominated him for the job.