[Davos & WEF] have been trying to create the idea that the United States was turning into a clown world, that we had political instability, cultural instability, and crime was rampant -- Tom Luongo
I sat down for a fun podcast with Gonzalo Lira and Tom Luongo - it turned out way longer than planned as it got very interesting and rather intense.
— Alex (Sasha) Krainer (@NakedHedgie) November 10, 2022
The Roundtable #33: Alex Krainer, Tom Luongo https://t.co/6aHa6BL2o2 via @YouTube
10:05. The off-shore dollar markets are run by the old European banks. They're the ones most vulnerable to rate shock. The ECB has held interest rate or deposit rates at minus .06% for what, 8 years now? They've destroyed the Euro as a potential reserve currency because of this. They've punished savers. And they forced upwards of 12, , 14, trillion dollars worth of European sovereign debt was trading at a negative yield. Then they wanted to keep it that way while they kept creating this international idea that the United States . . .
10:48. Trying to create the idea that the United States was turning into a clown world, that we had political instability, cultural instability, and crime was rampant. Oh, this just a typical PR operation. The reality is that something is happening behind the scenes here and that it's really powerful and really simple. Davos' plan for the central bank digital currencies is to do away with commercial banking. You can't have technocratic, European style communism without destroying the two-tiered monetary transmission system, which goes from the central banks to the commercial banks to the retail money users. They want to collapse that unto central banks to retail. Well, that cuts out the commercial banks. Who does the Fed work for? The biggest commercial banks in the world: Goldman Sachs, JPMorgan, City Group, and the rest.
11:44 Who is the most powerful political lobby in the world? The same guys. Who controls the southern district of New York? Same guys. Who controls Fed policy? Same guys.
11:55. So you're telling me . . . all I did was ask some patrons of mine who are hedge fund managers, former Wall Street insiders who were literally bankrupted by Jaime Dimon and Lloyd Blankfein [his Twitter page], and the rest of them. I said, "Correct me if I'm wrong, but do you really see Jaime Dimon turning over the keys to JPMorgan to Klaus Schwab and a bunch of German eugenicists?" German eugenicists, no less. Jaime Dimon is Greek. There ain't no love lost between Germans and Greeks. [Reference to the 2015 default on the Greek debt crisis building since 2009?] It's like there ain't no love loss between Italians and Germans, BTW.
12:35. Tame inflation, sure, but also stick it to the Europeans and blow their agenda off the table as it were?
12:48. The source of the World Economic Forum's real power is the ability to lever up off-shore dollars through the European and Swiss and, you know, the British off-shore Caymans, and the Hong Kong to lever those up and then to use those to buy political leverage Singapore, whatever, to buy governments, to buy budgets, and everything else.
16:37. The energy crisis in Europe is completely self-inflicted.
2:17:00. Brett Harris arrives on the podcast.
2:17:30. Gonzalo points out that all these guys running the different countries from Trudeau to Biden to Olaf Schultz that they're all being run by someone else else. Obviously and glad he said it. But this is rhetoric to direct the conversation. He thinks of AIC's election--no political experience. They're literally casting actors.
Princess Diana was the daughter of Jimmy Goldsmith? Odd. Wikipedia says that her father was John Spencer, 8th Earl of Spencer.
