Davos with Tom Luongo

Monday Money (Episode 31): Davos with Tom Luongo https://t.co/JnSfzgmkMo via @YouTube @TFL1728

— Camille Throckmorton (@lidacamille) March 14, 2022

Jake Sullivan and company.  

US threatens to sanction China and India, and they both laughed.

Turkey is the pivotal country because they're a NATO asset and they've declared that they'll continue doing business with Russia.

Turks have the largest army in NATO next to the United States.  But their army can't move because they'd destabilize Turkey if they were to move on Russia.  Why would they back NATO given how they and NATO have treated Turkey the last 5 years? 

If Singapore building a FoxConn plant in Saudi Arabia. 

The Saker.  

10% inflation will reset values.  

JUST IN - US producer price inflation surges to 10% in February, the highest annual increase on record.

— Disclose.tv (@disclosetv) March 15, 2022

Putin didn't stop the flow of oil, Biden did.  Progressives have voted against refinery bills and pipeline bills.  Were you against the Keystone Pipeline because Obama told you it was a bad idea?  "And it doesn't impact oil prices at all because there was no oil flowing through it yet."

Russian oil has been the thing that has kept oil prices under control certainly in the south. And the minute we cut off Venezuela oil for Russia's ural grade and the minute the Gulf refineries under Biden's orders stopped, or slowed down their imports of Russian oil, which started in January by the way, gas prices here in Florida which were $2.50 a gallon, $2.60 a gallon back in late January, are now $4.50 a gallon, and it's purely because the Gulf refineries are running out of feedstock.  We can't buy the stuff that's refined in New Jersey, that goes to North Jersey.  And they buy it off the North Sea.  They don't buy it off the Permian, guys.  Oil is not just oil, and where oil is and where it needs to go where the refineries are, that s×÷t matters.  Where the refineries are and what they're tuned for matters.  Fractal distillation is a thing that nobody learned.  

Jaime Diamond and Jerome Powell won't let the Davos crowd blackmail the FED. They're independent.  Fed Fund Rate is 1 point, telling Pelosi and the Davis-controlled Congress "Screw you.  You find the money to pay these trillion-dollar bills.  And it's going to be 2% by June." 

We have all the liquidity to pay the bills.  We have facilities that our banks need.  We have the foreign repo facility.  We have the reverse repo facility.  We have all the unlimited elastic money we need to keep our banks solvent, while every bank in Europe goes bust.  

14:32  The reason we're in the shape we are today is because we've [meaning our central bank] been bailing out Europe for 14 years.  Christine Lagarde gas been trying to blackmail [me] for a year and a half.  She bats for Europe.

Find Tom's work at https://tomluongo.me.