Luongo is one the few people that have figured out what game is played. He might not be correct with every detail, but his general thinking makes a lot of sense and matches with reality.
Jessie, this has got to be my favorite lesson so far, Commodities, Politics, Women. You are killing it. I have seen you on with Jay Martin as well. Phenomenal work.
That would be the worst possible scenario for gold, because if that happened, they would just ban the private ownership of gold....and you would have to turn it in. Failure to do so would result in a lengthy prison sentence....
History, brother. It's already been tried. All it did was lead to socialism and all the social enslavement that we have now. Grow a pair. They can't throw us all down. Do Not Comply.
What keeps the Fed from conjuring $1T, doing a currency swap with Japan, then Japan using that to buy fresh issuance of US Treasury bonds? Fiat currency is subject to infinite schemes and machinations. Trust evaporates when you see behind the curtain.
Luongo has a bead on it, and but damned if isn't just hilarious while sharing it. Always learn something watching him and never fail to laugh. Rich, just rich.
About 205000t of gold have ever been mined, only about 50000t of reserves are left (give or take), about 3500t are mined per year ……get it? Reserves are depleted in about 14 years. Yes, some gold on mars ….but not at 1900$ …… why do you think reserve banks are buying?
Love Tom. He's brilliant. But, unless, I misunderstood him, he isn't going to live very long if he thinks it will take the rest of his life for gold to significantly increase as a trusted means of exchange. The fiat dollar has been and will continue to be printed into oblivion and national debt can't be serviced with gold at this price.
Very interesting situation to be over-qualified and under accredited. Poor Tom, I can't imagine much income in writing articles for NewsMax?? Perhaps he's cursed... the guy who is smart enough to make a fortune if he only had substantial funds to invest?
love Tom's take on explaining what is really happening....sprinkled with a few lines that leave me laughing...Schwab, the guy in a Klingon outfit...no wonder BTC extremists can't get laid...lol!
Tom Luongo has imagination... I would build my wealth on the advice of someone else who has experience in real markets, bonds, trading commodities, doing analysis for hedge manages, etc.
It seems like Tom is describing the extant system shorn of historical context. His long decline/long transition theory seems to me ahistorical. The abandonment of the GB Pound as international reserve was quite rapid. There have been numerous hyperinflations even in the modern age. And Weimar is particularly worth citing because it was an advanced industrial economy (possibly the most sophisticated technology in the world) that hyperinflated amid a disfunctional republic which strangled the private sector in regulations and an enormous welfare state.
Saw you smiling at us when you used your new one, "degenerate lying parasites." I cracked up. You will have to write a book with all your terms of "endearment" for those folks. Thanks, Jesse!
@@CommodityCulture I am watching yet another one at this very moment, and you have me falling off my chair with the comment you made to someone's woke comment to the presentation. You wrote - "We're ALL going to die tomorrow! Quick, everyone glue yourselves to paintings and sit down on the highway wearing orange vests!" Jesse, you are great! I learn and laugh together. Thank you so very much!
It's almost delightfully boring listening to Tom because we agree on everything. The guy takes the words out of my mouth. He is right. It's not a quantitative issue. It's qualitative. The math doesn't work in the short term.
If your going to be a BS artist extreme confidence is how you sell it😂 who will be purchasing the bonds to support the continuation of the fiat dollar???
Best show yet. Thanks for letting Tom talk. Your questions were excellent and well timed.
Glad you enjoyed it!
Tom might be the best commentator on what is happening....so good.
Tom is a living legend 😀👊
Luongo is one the few people that have figured out what game is played. He might not be correct with every detail, but his general thinking makes a lot of sense and matches with reality.
Jessie, this has got to be my favorite lesson so far, Commodities, Politics, Women. You are killing it. I have seen you on with Jay Martin as well. Phenomenal work.
Thank you very much and I appreciate you tuning in!
@@CommodityCulture My pleasure!
That would be the worst possible scenario for gold, because if that happened, they would just ban the private ownership of gold....and you would have to turn it in. Failure to do so would result in a lengthy prison sentence....
It would be pretty difficult to determine who has gold imo.
History, brother. It's already been tried. All it did was lead to socialism and all the social enslavement that we have now.
Grow a pair. They can't throw us all down. Do Not Comply.
What keeps the Fed from conjuring $1T, doing a currency swap with Japan, then Japan using that to buy fresh issuance of US Treasury bonds? Fiat currency is subject to infinite schemes and machinations. Trust evaporates when you see behind the curtain.
Certainly an interesting thought, can't say it's impossible.
Luongo has a bead on it, and but damned if isn't just hilarious while sharing it.
Always learn something watching him and never fail to laugh. Rich, just rich.
Good interviewer
Thank you 🙏
Fantastic!
Excellent report 👍👍👍👍👍👍👍👍👍👍👍👍👍❤❤
When you think you are right, yell with authority. That makes it true.
About 205000t of gold have ever been mined, only about 50000t of reserves are left (give or take), about 3500t are mined per year ……get it? Reserves are depleted in about 14 years. Yes, some gold on mars ….but not at 1900$ …… why do you think reserve banks are buying?
BRILLIANT
Love Thorium reactor technology. We have tons of Thorium stashed out in the US SW desert as nuclear waste.
So if they decide to settle in gold quarterly, where does that leave a country like Canada who has no gold reserves?
Very good question.
Did Tom really just say “Klaus von commie schnitzel”? 😂😂😂😂😂
"gold is not gonna fix this..." we can throw gold at the yield curve to fix the math"... Which one is it?
Love Tom. He's brilliant. But, unless, I misunderstood him, he isn't going to live very long if he thinks it will take the rest of his life for gold to significantly increase as a trusted means of exchange. The fiat dollar has been and will continue to be printed into oblivion and national debt can't be serviced with gold at this price.
We have 8300 tons of gold?
do you actually play that bass guitar or not ?
When someone thinks they know everything while using elaborate speech (Luongo) I take it all with a grain of salt.
Does Tom think rich, powerful European Jews didn't play that way in the 1930s??
They were rich and powerful and wouldn't have to put up with this.
Powell and Yellen even went to different synagogues, of course they are on different teams.
Lol
oh.. that was good
Very interesting situation to be over-qualified and under accredited. Poor Tom, I can't imagine much income in writing articles for NewsMax??
Perhaps he's cursed... the guy who is smart enough to make a fortune if he only had substantial funds to invest?
Is the ECB staying afloat with Ukraine funding. they always find the money they need..
What does Tom think of Biden doubling down on trumps initiative to re-shore the US industries?
love Tom's take on explaining what is really happening....sprinkled with a few lines that leave me laughing...Schwab, the guy in a Klingon outfit...no wonder BTC extremists can't get laid...lol!
14:01 jump here and you will be forced to like this video.
🍎👍
Tom Luongo has imagination... I would build my wealth on the advice of someone else who has experience in real markets, bonds, trading commodities, doing analysis for hedge manages, etc.
I wouldn't build my wealth on the advice of anyone, I'd listen to as many different viewpoints as I could and form my own opinion.
It seems like Tom is describing the extant system shorn of historical context. His long decline/long transition theory seems to me ahistorical.
The abandonment of the GB Pound as international reserve was quite rapid.
There have been numerous hyperinflations even in the modern age.
And Weimar is particularly worth citing because it was an advanced industrial economy (possibly the most sophisticated technology in the world) that hyperinflated amid a disfunctional republic which strangled the private sector in regulations and an enormous welfare state.
WTF was that!?!?!😅
Saw you smiling at us when you used your new one, "degenerate lying parasites." I cracked up. You will have to write a book with all your terms of "endearment" for those folks. Thanks, Jesse!
Haha maybe I will someday, thanks Edward!
@@CommodityCulture I am watching yet another one at this very moment, and you have me falling off my chair with the comment you made to someone's woke comment to the presentation. You wrote - "We're ALL going to die tomorrow! Quick, everyone glue yourselves to paintings and sit down on the highway wearing orange vests!" Jesse, you are great! I learn and laugh together. Thank you so very much!
It's almost delightfully boring listening to Tom because we agree on everything. The guy takes the words out of my mouth. He is right. It's not a quantitative issue. It's qualitative. The math doesn't work in the short term.
He assumes we have gold to do this
If your going to be a BS artist extreme confidence is how you sell it😂 who will be purchasing the bonds to support the continuation of the fiat dollar???
what is he selling here ? he is taking the information that is present right in the public sphere...
Gold will be linked to a long dated US Bond - The Price will then be allowed to rise - Interest plus Gold Capital Gain = Bond Market Saved
Like wow this guy just blow my mind i gotta se more clips of him
WHO CARES WHAT WEST DOES.??? TRY TO BUY COMMODITIES FROM EAST WITH WEST FIAT 3 % MONEY. GOOD LUCK. SHOW ME THE GOLD OR NO SALE. PERIOD.