China, the United States, and Russia are going to be not friends but not enemies either. They're going to remake the world. There's going to be a kind of Yalta 2. The goal is to end the friction and the toll booth system of wealth extraction, for lack of a better term, "sand in the gears," of the global financial system where everything has to go through London and Europe. Europe has to be brought low. They have to put all of their unearned wealth on the table to rebuild Europe when the ECB attempts to do this big rug pull of stealing their savings through the SIU or whatever they have planned and starve the European people. I've been calling for the dissolution of the EU for years, but I think I finally see a series of events here. This is the way the world has to be viewed it has to be viewed in terms of the great game.With Tom Luongo (@TFL1728) about why Trump humiliated Europe with the trade deal and how it's re-rewriting the new world order with Russia and China in Yelta 2.0 moment https://t.co/puXX3IVWK0
— Alexej Jordanov (@alexejjordanov) August 3, 2025
GET NUTRITION FROM FARM-DIRECT, CHEMICAL-FREE, UNPROCESSED ANIMAL PROTEIN. SUPPLEMENT WITH VITAMINS. TAKE EXTRA WHEN NECESSARY
Sunday, August 3, 2025
Friday, August 1, 2025
AMY NIXON: I keep seeing people say an empty Las Vegas is a harbinger of a US recession. No, an empty Las Vegas is a harbinger of Las Vegas and casinos being a dying Boomer phenomenon. Flashy, loud, tacky, crowded, and inauthentic—younger generations don’t want it
I keep seeing people say an empty Las Vegas is a harbinger of a US recession
— Amy Nixon (@texasrunnerDFW) August 1, 2025
No, an empty Las Vegas is a harbinger of Las Vegas and casinos being a dying Boomer phenomenon
Flashy, loud, tacky, crowded, and inauthentic—younger generations don’t want it https://t.co/aWkSKINNWn
Thursday, July 3, 2025
and notice how Trump is not doing anything about this. I made the point the other day and I will make it again. Trump controls Israeli politics now.
I'm disappointed in Iran. They turned out to be bluffing the entire time. Maybe I'm going to be wrong about that, but as of right now the facts on the ground state pretty clearly that Iran was a paper tiger. --Tom Luongo
7:40. And my position is very clear now. Iran never gained a nuclear weapon because they never wanted to gain a nuclear weapon but not for the reasons that Alex and everybody else have been talking about, the fatwa, no, it has nothing to do with that at all. It's clear that these guys are in bed with freaking GCHQ on both sides. It's the search for the nuclear weapon. It's the striving for it that is the casus belli, not the actual nuclear weapon. If they wanted to make a nuclear weapon, they would have done so 20 years ago. Hell, f*cking North Korean made one. And if the Russians wanted them to have a nuclear weapon, they would have had one. If the Chinese wanted them to have a nuclear weapon, they would have had one. My logic here is not wrong. My logic here just comes to a different conclusion than your logic, and we're going to find out who's logic is correct, and there's no amount of brow beating me into submission on this. Because at the end of the day, I understand the strategy of bitches like Christine Lagarde and Andrew Bailey and all the rest of them, and Tony Blair and Benjamin Netanyahu. The goal is chaos. Of course, they want regime change in Iran. Of course, it's playing out like a certain freaking script, and notice how Trump is not doing anything about this. I made the point the other day and I will make it again. Trump controls Israeli politics now. The British are trying to resurrect, you know, Reza Pahlavi. It's not working. The Russians are going after the NGOs in all of the -stans. They are arresting people. Aliyev in Azerbaijan is trying to prop up his failing regime. He's been caught with his hands in the cookie jar, helping Israel attack Iran from the north, and betray Russia at the same time. He knows he's in trouble.
After all of the drama on the slack server for the last couple of days, again I think it's funny that everybody thought I would be upset about this, "Don't tell Tom." I don't give a s***. I hope you all found your soulmates being juiceburgs together it's Grand I always want people to find there in the world and if you're not part of mine it's great I don't want you to be in that in this club.
11:27. This is my position because I'm trying to end this nightmare. We have been blackmailed by these evil freaking people for 85 years, 80 years, since the end of World War II, the Cold War, Cold War Redux, the Lost 90s in Russia, all of it. It's all Downstream of this when you stop to really do the math about how much money is spent trying to deal with minimizing the threat and of nuclear weapon proliferation, and the amount of money that's spent on defense and espionage and cloak-and-dagger stuff, all of it, the Congressional hearings, and the lost wages, all of it, the SG&A costs, [Selling, General, & Administrative Costs] and every corporation in the world. It's trillions upon trillions upon trillions of dollars every year. And who does that serve? Level up and see through the b*******. The way to end all this is to start cleaving Gordian knots. Your move, or you get a B2 up your ass. Your move, or we fly in some F-22s. Your move. If you want to know why I have anger in my voice, I'm disappointed in Iran. They turned out to be bluffing the entire time. Maybe I'm going to be wrong about that, but as of right now the facts on the ground state pretty clearly that Iran was a paper tiger. That's what we have and I've been pretty clear, I don't like Israel. I'm trying not to use the word "hate" because I don't want hate to be the operative means by which I do analysis because that's a bad way to do analysis . . . because you know that whole anger-fear-aggression path that leads to the dark side, like it's real, folks. Hate makes you powerful, like yeah. I'm just not playing that game. So I want Israel to pay for their crimes, all of them, including the ones where they got us involved and s*** that poured moral stain all over me because I wound up paying for it. I'm angry about that. I really wanted to Iran to really knock their freaking teeth in. Really did. A little angry about that. A little sad, sad that I was actually sucked into that b******* for a few years. That being said, they hit them hard enough and hit us hard enough because of the perilous state that our actual military supply lines are in and our ammunition supply lines are in, which has a nugget of truth to it, which is not . . . not untrue that we can't sustain that war for that long. But we can sustain it longer, long enough to get rid of the assholes who were "fighting the good fight of the resistance." I love Star Wars but it's a bad metaphor for this. We're not the Empire, they're not the Rebellion or the resistance. That's not the way this works. Okay so let all that go and let's move forward and say you know what I don't want to be blackmailed by evil f****** shitbags anymore you guys want to fight amongst yourselves for resources you want to text us for military's and all that great great you developed weapons now where you only have to fight each other we're back to where the wars are fought by the King's armies. And only the king's armies need to be targeted, and the civilians can be left alone. You know, gentlemanly warfare. Lob ballistic missiles and drones at each other's ammo dumps and weapons development sites and research departments and Skunk Works and all the rest of it and their barracks. You sign up for the military, your life is forfeit. My dad was NYPD. I never once was under any illusions about the fact that my dad had to put himself In harm's way in order to protect and serve. And I found it offensive the older I got here in the United States, as time went on, we sat here protecting cops. F*** protecting cops. Cops are forfeit in service of protecting and serving civilians. If you've read this month's newsletter I think you understand my perspective on this if you haven't read this month's newsletter maybe consider spending an extra $7 a month on it, or $8 bucks, whatever it is.
17:50. I've just come into a different state of mind about all of these things watching this play itself out brought a lot of clarity I'm tired of watching the Vorlons in the Shadows manipulate us into fighting their f****** wars for them. I want a new way even for people like us.
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.
"That model has made perfect sense to explaining how everybody is acting.
— Bonnie Meikle (@BonnieMeikle1) June 2, 2025
Europe's only path forward is to plunder Canada. THAT'S WHY THEY HATE ALBERTA.
That's why Ottawa hates Alberta. That's why Mark Carney is Prime Minister and that's what has to end."
What an awesome clip… pic.twitter.com/WoynY42QTq
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.
Sunday, June 1, 2025
This was highly illuminating! https://t.co/xY8lJaPpVL
— Alex (Sasha) Krainer (@NakedHedgie) May 31, 2025
EM Burlingame
PREVIEW
Continental Europeans control the Bank of England. They have since its creation.
It's always about the theft of the commons, and how do you financialize them use those as collateral. It's a backdoor way of going around the Brexit Referendum.
It's Continental wealth and power using it ownership of parliamentarians in the Parliament.
For all intents and purposes the city of London has been the headquarters for the Dutch East Indian company for 360 years.
What was the Marshall Plan? Who paid for that? Oh, and by the way, 7% of that had to be immediately paid to MI6 and the CIA. That's actually in the Marshall Plan documentation. Our history about our people and time at all has been spied this occupying force, then retold and retold and retold, so that we don't really know our own history, our own story, our own reality.
They believe that they have the absolute right to enslave everybody to serve them do you think that we actually defeated the slave mind no we just force them to be more sophisticated more clever.
The English are a bloody brilliant people. We are a wonderful people we are a civilization. Let's just remember that. Let's get back to that. If we can get back to that, it's a couple simple principles. You just sum them up very nicely.
TRANSCRIPT
Rich opens with a reference to a podcast EM did with Luongo, Episode #216: EM Burlingame and How to Kill the Financial Kill Chain of Europe, May 1, 2025.
Friday, April 18, 2025
TOM LUONGO: since Cornwallis surrendered at Yorktown, 1781, we have never really had financial independence in the United States, and if you don't have financial independence you don't really have political independence either.
Tom Luongo and Caitlin Long explore the significant financial shifts in the US monetary system, including the transition from LIBOR to SOFR, the role of stablecoins, and the potential decoupling of the US financial system from European control. https://t.co/7aB98UUPrQ
— St. Michael, the Archangel (@aveng_angel) May 19, 2025
Find the full transcript here.
My transcript below starts where Tom says, "Oh, wow."
2:45. Donald Trump is a tempting the first real decoupling of the American financial system, broaden that as wide as you want, from the old Colonial European system if you look over the history of the United States has it pertains to money since our conception, since Cornwallis surrendered at Yorktown, 1781, we have never really had financial independence in the United States, and if you don't have financial independence you don't really have political independence either. How do you feel about the American Revolution? Since the American Revolution was declared and we are still fighting the vestiges of that system over the course of the past few years, the advent of SOFR, secured overnight financing rate, and the true end of LIBOR [ London Inter-Bank Offered Rate] on March 31st because LIBOR ended on September 30th the 6th month synthetic Library contract that were floating around out there they didn't mature until March 31st.
Sunday, March 2, 2025
Short history of Europe trying to conquer Russia . . . But Russia is somehow the threat to Europe!
Short history of Europe trying to conquer Russia:Short history of Europe trying to conquer Russia:
— S.L. Kanthan (@Kanthan2030) March 2, 2025
🔹~800 years ago: Sweden attacked Russia
🔹~400 years ago, it was Poland-Lithuania
🔹~300 years ago, Sweden again, with UK
🔹~200 years ago, France (Napoleon) tried it
🔹~175 years ago, France + UK (Crimean War)
🔹~100 years ago,… pic.twitter.com/TyHOk6BDH5
Saturday, February 22, 2025
TOM LUONGO: They're going to carve the world back up and what Europe is not happy about, because they know what's coming, is that Russia is going to wind up being the guarantor over Europe
It'll start with Eastern Europe but by the time they're done with the sovereign . . . with us engendering a sovereign debt crisis in Europe, stripping them of their gold, stripping the Bank of England of all its leverage, stripping the city of London of its Forex business and its Insurance business, which is what is coming you can see it and you know exactly what I'm getting at. They are not kidding.So spoke with @TFL1728 on Friday. And let me say, mind-blown (again) and extremely entertaining. Thanks, brother. All who watch, you are getting a treat. My favorite clip and full interview below: https://t.co/jbhpziW946 pic.twitter.com/zUSM8BjUYp
— Andy Millette (@theandymillette) February 22, 2025
Saturday, January 25, 2025
RICHARD POE: It was never FEMA's purpose to provide disaster relief. That was just a cover. FEMA's true purpose is Continuity of Government (COG).
2/2
— Richard Poe 🇺🇸 (@RealRichardPoe) January 24, 2025
I exposed FEMA's hidden role in militarizing local police forces, in a 1986 cover story in the EAST VILLAGE EYE. https://t.co/MqrAVay2jv
Monday, December 2, 2024
VERNON: Biden pardoning Hunter now & not waiting until January? He knows he might not make it until then.
"An interesting weekend..." Add to the developments in Syria, Biden pardoning Hunter now & not waiting until January. He knows he might not make it until then. All eyes on London, they have something planned this month as you & Alex suggested.
There's a reason why "we can't lose in Ukraine"
— Tom Luongo (Head Sneetch) (@TFL1728) December 2, 2024
And it's because Joe made a deal with Trump to not escalate the war and stopped the steal.
Now, the False Flag of "Biden authorized ATACMS" has us on a very predictable path towards the 25th amendment and a coup by Harris… https://t.co/BlMficawOL
Friday, November 15, 2024
TOM LUONGO: Under Biden, we had a bunch of Ukrainian Nazis. We don't have that [now]. We may have a lot of people who are Israeli first, or owned by AIPAC, or whatever you want to call them, they are not ideologically related to this conflict with blood
Wednesday, August 7, 2024
33:36. And as Alexander Mercouris pointed out ages ago, he said "But then that effect of this has been to hold everything in this band and hold everything and Innovation behind the curve technology then the lack of competitive then the lack of competitiveness of German industry is exposed badly, especially with the rise of China. So now Germany is ultimately the target. Now you can kill the ECB, and you can kill the EU. If you were a bunch of predatory Fed and New York and Tokyo bankers and you like more open Capital markets than the Europeans do, well then you're going to not argue; you're not going to be down there. That's why they hate Trump who put Powell in place and they replaced Libor with Sofr. This is the story I've been telling for 3 years.
from Luongo's Gold, Goats, and Guns:
What is SOFR? The Secured Overnight Funding Rate. It is the U.S. domestic replacement for LIBOR. SOFR is market-driven and arrived at through actual transactions in the U.S. money markets with the daily quote arrived at by real data from real US banks.
LIBOR, on the other hand, is a rate set by 17 foreign banks and 1 U.S. bank (JP Morgan Chase’s London Division). It’s still not market-driven but arrived at by consensus. Regardless of that, it represents the activity within London’s and Europe’s banking system, not the U.S.’s.
Ad therein lies the rub.
For all intents and purposes for decades, LIBOR was the mechanism by which the City of London and Europe controlled the flow of dollars into and out of their banking system. No wonder the Fed had no real control.
Broadly speaking, when the Fed raises rates and it causes a drain on the eurodollar system, it puts upward pressure on LIBOR. If Europe’s banks are more exposed to a rise in the cost of dollars then LIBOR should blow out faster than the Fed raises rates.
In past cycles, before SOFR, all US debt was indexed to LIBOR. So, it didn’t matter if the Fed raised rates domestically, our mortgages, lease rates, and credit lines blew out with LIBOR even if there was no underlying stress in these domestic markets.
Tuesday, August 6, 2024
With the gold medal win, he is without question, the GOAT of tennis.
With the gold medal win, he is without question, the GOAT of tennis.
— Santiago Capital (@SantiagoAuFund) August 5, 2024
🙌 https://t.co/aJUo33fRtm
Novak Djokovic.
Wednesday, July 10, 2024
VBL's GHOST: Oil is needed every month every day every minute. You can push gold and silver out on the timeline. Can’t do that with oil.
That’s right. Oil is needed every month every day every minute. You can push gold and silver out on the timeline. Can’t do that with oil.
— VBL’s Ghost (@Sorenthek) July 10, 2024
Thursday, July 4, 2024
The Signers of the Declaration of Independence were not wild-eyed, rabble-rousing ruffians. They were soft-spoken men of means and education. They had security, but they valued liberty more.
Thank you to Tom Luongo.
“Have you ever wondered what happened to the 56 men who signed the Declaration of Independence? Five signers were captured by the British as traitors, and tortured before they died.Here’s in video form pic.twitter.com/PfS9E1J40i
— unlikenine (@unlikenine) July 4, 2024
Tuesday, July 2, 2024
GREG REESE: Chevron deference: It's how OSHA was able to decide that everyone who worked for a large company had to get the jab or be fired. No law gave them that authority. They just made it up.
Greg Reese on the Chevron Deference,
It's how OSHA, the Occupational Safety and Health Administration, was able to decide that everyone who worked for a large company had to get the jab or be fired. No law gave them that authority. They just made it up.
It's how the ATF, the Bureau of Alcohol, Tobacco, Firearms, and Explosives, was able to decide a piece of plastic was a machine gun.
It's how the USDA's Natural Resources Conservation Service, the NRCS, is able to decide that a small puddle is a protected wetland. --Greg Reese
Recent Key Decisions of Supreme Court pic.twitter.com/8VRdMObfL5
— Greg Reese (@gregreese) July 2, 2024
1:40. A family fishing company, Loper Bright Enterprises, was being driven out of business because they couldn't afford the $700 per day they were being charged by the NMFS, the National Marine Fisheries Service to monitor their company. The thing is federal law doesn't authorize the NMFS to charge businesses for this. They just decided to start doing it in 2013. Why did they think they could get away with just charging people without any legal authorization? Because in 1984 in the Chevron decision, the Supreme Court decided that regulatory agencies were the experts in their field, and the courts should defer to their interpretation of the law. So for the past 40 years, federal agencies have been able to interpret laws to mean whatever they want, and the courts had to just go with it. It was called "Chevron deference," and it put bureaucrats in charge of the country.
It's how OSHA, the Occupational Safety and Health Administration, was able to decide that everyone who worked for a large company had to get the jab or be fired. No law gave them that authority. They just made it up.
It's how the ATF, the Bureau of Alcohol, Tobacco, Firearms, and Explosives, was able to decide a piece of plastic was a machine gun.
It's how the USDA's Natural Resources Conservation Service, the NRCS, is able to decide that a small puddle is a protected wetland.
It's how out-of-control agencies have been able to create rules out of thin air and force you to comply, and the courts had to simply defer to them because they were the experts.
Imagine if your local police could just arrest you for any reason, and no judge or jury was allowed to determine if you'd actually committed a crime or not, just off to jail you go. That's what "Chevron deference" was. It was not only blatantly unconstitutional, it caused immeasurable harm to everyone. Thankfully, it's now gone. We haven't even begun to feel the effects of this decision in the courts. It will be used for years to come to roll back federal agencies, and we'll all be better off for it. And that's why politicians and corporate media are freaking out about it.
In an era of bad news, the US Supreme Court has brought us some good tools that we the people can wield to work on restoring America. Happy Independence Day.
Reporting for Infowars this is Greg Reese.
As a follow-up, please read this by James T. Moodey @ Lew Rockwell. Looks like there was momentum building for this at least since last year, January 2023. Check out Judge Napolitano's essay, titled, "A Government by Experts," January 12, 2023.
Tom Luongo has got his claws on this as well at least since March 23, 2024,
This is yet another example of the desperate need for the Supreme Court to take up the Chevron Deference and strike it down. The agencies should not be making law. That’s Congress’ job.
And I don’t care if Congress is allergic to doing its job, new emission regulations should not be in the hands of unelected bureaucrats run by chiefs who are chosen by the current political party.
Monday, June 24, 2024
The gist from Luongo:
Ultimately, Davos cannot deviate from their Gantt chart of their takeover of the West lest they get torn apart like a narc at a biker rally (H/T Dennis Miller). This is why Mark Rutte is being moved from being PM of The Netherlands to NATO Gen. Sec. and why Jens Stoltenberg is moving to the Norwegian Central Bank.
The wildcard here is quickly becoming Nigel Farage in the UK, who could embarrass them again like he did in 2016 with Brexit. Regardless of the outcome of the elections, Farage, Geert Wilders, Marine Le Pen in France and others will all be blamed for a European sov. debt crisis that was baked into the financial cake (and Gantt chart) ages ago.
The big news item for me this week all center on Europe. U. S. domestic politics at this point are pretty much obvious. They're trying to do everything imaginable to stop Donald Trump from becoming president and they are failing miserably. I could have just as easily put Nigel Farage up here and talked about next week's election in France and the U.K. I was all over Twitter yesterday because Nigel Farage came out on national television and basically came out and said, "We provoked Putin into a war, and that's just the reality of it, and if you don't like it, well, you know it's the truth.
This is giving me Ron Paul/Rudy Guiliani vibes folks.
— Tom Luongo (Head Sneetch) (@TFL1728) June 22, 2024
Please …. Continue…. https://t.co/Mgj2bRj1Jr
And Farage knows what he's doing. He's time-tested that idea for a long, long time. I said I wouldn't talk about Farage, but here I am going on about him already. Farage's Reform Party is making sincere strides in the polls. I don't know if he's going to have the kind of coattails that will allow him to really upset the apple cart in the U.K., meaning the planned coronation of Keir Starmer with a massive Labor majority which he'll use to destroy what's left of the U.K. and make it subservient to Davos in Europe. Well, that's the most likely scenario, but if Reform comes in with 150 or 200 seats, that's going to be an earthshattering result even though it will leave Starmer in a huge majority position, Nigel Farage leading the opposition Party in the U.K. government, aside from the fact that it would be hilariously entertaining, would be tremendous. Now, at the same time, this is a lead into what's happening in NATO. I was asked directly by people to discuss Mark Ruta
Friday, June 14, 2024
Sunday, June 2, 2024
TOM LUONGO: Davos, the old colonial powers of Europe, want their colonies back [Louisiana, the United States, etc]
The #WEF, #Davos, #EU are little more than covers for European imperial elites, fighting for supremacy over us all. @TFL1728 explains. https://t.co/NLn58EmYS1 #Israel #gaza #Palestine #UK #USA pic.twitter.com/GMeJK0hAQt
— Crypto Rich (@CryptoRichYT) June 2, 2024
26:15--28:00 Davos wants control, wants to remove Israel from the scene. Why? Because they want to finally put to bed the remnants of the British Empire; that includes the British Empire's proxy, the United States.
I see Davos, the old colonial powers of Europe, as the primary drivers here because psychologically they map to the most aggressive and the most entitled because they've always controlled natural resources of the 3rd world. They still see the U.S. as one of the colonies. The French still want Louisiana back. They still want Quebec back. They still make a big deal to get Louisiana back [from] the United States. They still want to rape the Sahel region of Africa for pennies on the dollar. Same thing with the Germans. Same thing with the British. Same thing with the Portuguese, the Dutch, and the Italians, all of them. They all want it back the way it was before.
Luongo cites the vitriol of Ambassador Londo Mollari from Babylon 5 as the best depiction in culture of what the Davos crowd wants, "I want it all back the way that it was."
- "You really want to know what I want? You really want to know the truth, yes? I want my people to reclaim their rightful place in the galaxy. I want to see the Centauri stretch forth their hand again, and command the stars. I want a rebirth of glory, a renaissance of power. I want to stop running through my life like a man late for an appointment...afraid to look back, or to look forward. I want us to be what we used to be! I want...I want it all back the way that it was!"
That's why all of a sudden the world is saying, "Hey man, it's okay to hate Israel. We're all pro-Palestine." Everybody's like, "That doesn't make any sense. [Then] why is Sunak pro-Palestinian?" Because he works for Davos. It's not that hard.
Here is the full interview.
Saturday, May 25, 2024
The plan is civil war. The plan is secession one way or another. The whole idea of California and Texas getting together and ousting the . . . I don't buy that, right. California and New York would go their separate ways if Trump wins. If Biden wins, Florida, Texas, and the South would go, yeah, we're done. But that's the big fake out because the real target is the bond war. The real target is the bond market.
The way Europe survives, this is all about Europe, it's all about Davos. Davos still exists. We could reach peak Davos but they refuse to lose. They're still trying to make moves. They're making a lot of moves as a matter of fact. And they've been making a lot of moves in the last 48 hours that had me ranting into a microphone for 45 minutes before we started here this morning.
For Europe to survive, you have to break the U.S. financially, legally, politically, culturally, on the border, all of it. While Europe fiscally integrates, politically integrates and will not tolerate any dissension, they're actively trying to break us apart. Why? If you have Janet Yellen and Joe Biden spending more than $2 trillion a year than we are bringing in, then you're just eroding the fiscal position of the United States. You're undermining the validity of the US Treasury as a reserve asset in the world. You can't make the Euro a reserve asset but I don't think they actually wanted the Euro to be a reserve asset otherwise it never would have gone into negative interest rates in the first place. They've always wanted to replace the Euro because it's a faulty structure so they needed to have a new structure, a new Euro with a better structure, one that looks a lot like the United States dollar with one issue, one Central Bank; not 20 central banks issuing euros.