Showing posts with label Mark Carney. Show all posts
Showing posts with label Mark Carney. Show all posts

Thursday, June 5, 2025

TOM LUONGO: What do all of these regions have in common? Unbelievable natural resource wealth. Europe has no collateral. I learned that from Alex Krainer.

It's very obvious at this point, I think, that Trump is, that Trump, Putin, and to a lesser extent, I believe Xi, but I'm not quite, I'm still a little on the fence about this, they understand who the real enemy is, and the real enemy is Continental Europe, and it's the old banking interests of Old Colonial Europe that need to be destroyed, and that would include the City of London, not Britain, the City of London, the square mile.  That's very important.  That includes the Vatican, I hate to say it.  And the goal is, if you look at everything that's happening, just look at all the little hot spots around the world and the way that things are shaping up, they are trying to bottle up the old Pirates of colonial Europe so that they have no places to plunder.  So they've lost Russia.  They're losing the Middle East. Trump said very nice things about Erdogan about Turkey taking Syria, which blocks Israel from going to war with Iran.  The French have lost the Sahel region of Africa.  That's all gone.  The United States?  Nope, we are changing the way we do business.  We're not going to allow Janet Yellen to spend us into debtors prison, and everything else. The United States is secured.  What do all of these regions have in common?  Unbelievable natural resource wealth. Europe has no collateral.  I learned that from Alex Krainer.  And since then, that model has made perfect sense to explaining how everybody is acting.  Europe's only path forward is to plunder Canada.  That's why they hate Alberta, [known for its oil reserves.] That's why Ottawa hates Alberta.  That's why Mark Carney is prime minister, and that's what has to end. When I read the geopolitical game board, folks, and I'm playing Donald Trump's faction, that's how I'm taking out all of y'all.

Wednesday, March 12, 2025

TOM LUONGO: Mark Carney's ascension to Canada's Prime Minister is a major escalation in Davos' war against the US and Trump.

It also does not matter whether Pierre Poilievre comes to power later this year or not. Carney only needs to be prime minister for a couple of months to get everything done. It's classic DAVOS to have a whole bunch of technocratic things done on the way out the door. They have to set something up.  --Tom Luongo

The following is from Tom Luongo's Market Report, March 12, 2025.

Mark Carney, the Dark Lord rising over Canada? 

I saw a report that the Canadians were now going to issue US dollar-denominated bonds.  Now, everybody is an idiot.  I'm going to say that because at this point, this is why you tune in.  I think this might be the most important market report, and I've done a lot of reporting ones recently, that I've ever done.  So forgive the pauses forgive the need to relight my cigar or any of those things because it's going to be really necessary to listen carefully Canada is the Trojan Horse when we review the last 3 months it should be blatantly obvious to everybody why he came out of nowhere the people of Canada don't even know who the f*** he is he wasn't even a Canadian citizen until a couple of months ago or came back to Canada only a couple of months ago I guess he is Edmontonian or whatever originally character has been set up for this moment for probably 40 years, and I haven't been able to trace it all yet, but it was never going to be Chrystia Freeland.  And it wasn't a hastily idea put together to insert Carney into the swap out of Justin Trudeau for him.  It also does not matter whether Pierre Poilievre  comes to power later this year or not.  Carney only needs to be prime minister for a couple of months to get everything done.  It's classic DAVOS to have a whole bunch of technocratic things done on the way out the door.  They have to set something up. 

Now here's the gig it was the announcement yesterday the Canada would issue US dollar denominated debt they got me thinking I'm like I know this is important I think it's dumb well I don't think it's dumb for Canada but the one possibility is that oh well they are finally coming to their senses they need to recycle their trade surpluses with the United States which are significant and the key to all of this by the way a lot of people out there are like is this going to be the end of the Canadian dollar, the loon, well, if Trump plays his cards right,  it is.

04:24.  So what's been the fundamental part of the "the thesis"?  What is it?  What's it always been, going back to June or July 2021, when I first started hatching this idea?  It was Jerome Powell at the Fed who started to drain the world of offshore dollars.  In that moment, we had a massive move in the Euro from one state very bullish to bearish, and I started asking questions.  And then things get happening, and things kept happening.  Within a couple of years or 18 months, we had a Euro that broke parity with the dollar over this with Powell raising interest rates aggressively, all of that.  So what was the thesis? The thesis was we need to break the offshore dollar markets. We need to start the process of reversing the capital flow out of the United States and start bringing it back home, and, of course, this was fought by the Biden junta.  Go over market reports from the FOMC Wednesdays over the last two years if you want to do some research.  The beginning of the thesis starts with episode 75 through 77 of the gold goats and guns podcast which is publicly available but then there are market reports pretty much every FOMC day, where I go over so much of this stuff as we approach each of them because it's during those moments when I was trying to one prove or falsify the thesis that I'm like well here we go we're coming up to another FOMC meeting am I right?  

07:54.  Now Mark Carney prime minister of Canada.  Given the insane levels of media animosity, don't discount the idea that they're not going to rig the election to ensure that this guy is prime minister of Canada for the next 5 years, and that Poilievre is not going to win.  This isn't just a bait and switch to get rid of Justin Trudeau that's enough to bleed off people's dissatisfaction with a liberal party blah, blah, blah.  No this is far deeper than that and this is happening at the same time that they're trying to get Trump to agree to some kind of ceasefire at the very least they got finally got Ukraine to agree to some kind of bad ceasefire