Thursday , October 29 2020
Home / Thomas Luongo

Thomas Luongo



Articles by Thomas Luongo

ObamaGate’s Endless Saga — None Dare Call It Obstruction

17 days ago

Back during the early days of the Democratic primaries I told you that the real story behind the scenes was a three-sided civil war for control of the DNC.
Not quite an equilateral triangle, the two major factions were the Clintons and the Obamas with the Soros-backed squad pushing them both farther and farther left, through the fake Progressivism of Bernie Sanders and Elizabeth Warren.
And with the ascension of Joe Biden as the candidate, triumphing over the inept Hillary-backed challenge from Mini Mike Bloomberg, it was clear that the Obamas won the internal battle.
Hillary eventually bent the knee and endorsed Biden along with everyone else.
After her failure to beat Trump in 2016 it became clear that Obama was the choice

Read More »

With Real Rates Rising, Is the Fed Preparing a Digital Dollar?

23 days ago

It pays today to never underestimate the venality of the people who think they run the world. It also pays to listen to them when they say the most outrageous things.
At virtual Jackson Hole this year FOMC Chair Jerome Powell redefined inflation for the third time in my lifetime. By removing the Phillips Curve from the landscape Powell will now guide monetary policy by the desire to create inflation expectations, a kind of first derivative of inflation under the mostly irrelevant Quantity Theory of Money (QTM).
I talked about Powell’s dilemma and why he had to make this change in a post right after that speech. And I outlined what the Austrian criticism of the QTM was — a myopic focus on the supply of money rather than the

Read More »

Do Debates Even Matter in This Election?

28 days ago

[embedded content]
Last night’s debate was universally panned as many things not suitable for virgin ears. Honestly, I don’t disagree.
I had no plans on watching it because they are almost always uninteresting, low-information theater. Last night was no exception.
Both camps are doing their best to put the best spin on it they can but a couple of observations I think are salient:
Biden was as good as he was ever going to be
Trump was as bad as he could possibly have been
Chris Wallace was there to make sure Biden stayed on script
The format and questions were all softballs for Biden
In that context here’s the big question for partisans (of which I’m one), “Do these debates even matter?” And my cynical answer is, “No. They don’t.”
But the more nuanced one is that yes,

Read More »

With Ginsburg’s Death Cue the Last Stand of American Marxists

September 25, 2020

For all of the bad things that have happened in 2020 don’t for a second believe that 2021 won’t be infinitely worse. It has been clear to me for months that the fight for the White House is one for the ages.
While every election is ‘the most important one ever’ in the minds of the politicos who see the other side for what it is, an existential threat to their power, this election is, I feel, finally one worth that moniker. But, that said, nearly every election truly is one where voters are presented a Hobson’s Choice where there is no real difference between the standard bearers of both major parties.
And the animating principle of these people is the accumulation of raw power, nothing more. Power, as a concept in modern

Read More »

Pelosi’s Choice: Steal the Election or Be Destroyed

September 16, 2020

I’ve learned a few things about politics by watching my goats over the years. Herd queens have to be beaten to step aside. They won’t give up status willingly.
I saw this first hand when a vicious challenge ended with a broken horn, humiliation and blood. House Speaker Nancy Pelosi is a tough old goat who is clearly making her last stand, facing the toughest fight of her political career.
Congress is at a crossroads over a stimulus package before the election. Pelosi has run out of good choices to force the Republicans into another bad deal, which is her trademark move.
Internal squabbling and strategic missteps has her charting a most dangerous path.
The House returns to session today facing an impasse over another stimulus bill

Read More »

A False Flag Is Biden’s Only Chance to Win

September 7, 2020

The Black Revolution is in full swing in the U.S. Over the next sixty days we will be treated to the greatest political show on Earth as the Democrats and their handlers in The Davos Crowd pursue the biggest lie since Climate Change.
The events of 2020 are lining up for a climax to this story that ends with only one outcome, a contested election which fuels a coup attempt after the election results come in on November 3rd.
And because of this now obvious plan, setting up a false flag around the election is the most likely means to produce election results close enough to support this course of action.
I’m not the only one thinking in these terms at this point. Joaquin Flores, writing for Fort Russ, mused similarly last week. As

Read More »

Did Trump’s Federalism Just Win Him the Election?

September 2, 2020

For months we’ve been told that President Trump has trailed Democrat Joe Biden in the opinion polls. His odds of winning were vanishingly small.
From the moment the George Floyd protests turned into violent riots Trump refused the call of conservative pundits like Mike Cernovich and Ann Coulter to invoke the Insurrection Act of 1878 in Minneapolis.
They were wrong to jump the gun. Trump was being goaded into acting like a dictator which the Democrats would have pounced on him for. It was too early in the cycle.
He had to, politically, take a punch in the mouth and allow things to get out of hand. There was no good decision for him back in May.
The people were still fighting with the shock of the Coronapocalypse, stimulus checks

Read More »

After Kenosha

August 28, 2020

It would always come to this. At some point there would be a reckoning for BLM and Antifa.
The shootings in Kenosha, WI are a dividing line for America.
This is the moment where normal people finally said, “Enough. There will be consequences. “
This is a war between radicalized lunatics bathed in unquenchable envy and self-pity and those who refuse to act like victims.
But they are victims.
All of us are. On both sides of the divide.
We are victims of a vicious program to divide and conquer the U.S. through a culture war designed to dehumanize each other.
We fight among ourselves over scraps while the people who manipulated events to this point walk away laughing at the destruction.
They want the violence. They love it. They

Read More »

Biden’s Speech: Use Covid To Destroy Everything, Blame Trump

August 25, 2020

I was asked for comments by Sputnik News the other day about Democratic Nominee Joe Biden’s assertion he would lock down the entire country if the scientists told him to.
As you can imagine I didn’t hold back.
The idea that the scientists who have been the most vocal in advising President Trump and the other world leaders, would give Biden the honest answer about how to deal with COVID-19 at this point is beyond laughable.
I’m sorry but the official arbiters of “Science!” have done nothing but lie, delay, obfuscate and oversell the threat of this virus. And their miscommunication, intentional, well-meaning, or just incompetent, has cost humanity hundreds of billions if not trillions in accumulated wealth and time.
Those things

Read More »

With Kamala Pick, Dems Cede Election to Trump

August 17, 2020

We haven’t even reached the DNC convention in Milwaukee next week and the election season is already over. Former Vice President and (presumptive) Democratic Party Nominee Joe Biden picked Senator Kamala Harris as his running mate.
She is the first non-white woman to be so ‘honored.’
But that’s not a pick designed to win an election, that’s a white flag of surrender.
Harris ran one of the worst primary campaigns in recent memory, trying desperately to be the ‘black’ Hillary Clinton. She crashed out in spectacular fashion. If there is a better example of being tone-deaf to what voters want in a woman candidate, I really can’t think of one.
What does Harris bring to the ticket? She’s a former prosecutor of black men from

Read More »

The DNC Convention Is the Election

August 8, 2020

For nearly a year it has been my primary thesis that the DNC nominating convention would determine the fate of the presidential election here in the states. These four days may, in fact, be more dramatic than any Democratic convention since 1860 when incumbent James Buchanan was tossed aside to ensure a lawyer with railroad ties from Illinois, Stephen Douglas, squared off against Republican Abraham Lincoln.
Lincoln was also a railroad lawyer from Illinois. Just sayin’.
The convention is less than two weeks away and serious questions about the Democrats’ strategy should be plain to see for anyone who pays even cursory attention to presidential politics.
How can they possibly run Joe Biden?
It’s not that Biden hasn’t been a good

Read More »

The Big Lie: the EU Is Fixed, the Dollar is Dying, and COVID Will Kill You

July 31, 2020

Dyin’ ain’t much of a livin’, boy– The Outlaw Josey Wales
The Davos Crowd is desperate. That much has been clear to me for months.
From the moment they tied COVID-19 to the breaking of the oil markets back in March they have worked like no other time in history to convince us the world we knew was gone.
The latest iteration of this big lie is the all-out assault on the U.S. dollar. Now for months a few analysts like me have been steadfast in reminding everyone that no matter how much money the U.S. prints in the short run, it is only doing so because of the extreme levels of latent and active dollar demand in the world.
So, there is narrative and there is reality. And reality is that today there is huge demand for the U.S. dollar

Read More »

What’s Changed To Cause the Gold and Silver Breakout?

July 28, 2020

Gold and silver had bang up weeks. Gold closed yesterday afternoon on a cash basis above $1900, at $1901.95 just $18 shy of the all-time high set in September 2011 at $1920.
Silver, which has famously lagged behind gold for two years now, finally broke through the post-Brexit vote high of $21.13 (again cash basis) on Monday and never looked back, exploding above $23 to close this week at $22.77 an ounce.
The weekly prints weren’t even completed yet when I start seeing the calls in my inbox saying they are incredibly overbought. It’s an easy position to take into a breakout because of indicators like 200 day moving averages and Bollinger bands, because these this indicators are all about mean reversion strategies.
And, yes,

Read More »

More Fallout From Iran/China Deal

July 25, 2020

The carnage for following President Trump’s lead on ending the JCPOA continues for India.
From SputnikNews last week comes this note about the Farzad-B oil and gas field and Iran.
Close on the heels of breaking the Chabahar-Zahedan rail project agreement, Iran appears set to deny India’s state-run ONGC Videsh Limited (OVL), exploration and production rights for the key Farzad B gas field.
The granting  of rights to OVL was already delayed with New Delhi moving slowly on the issue, but came to a complete standstill after the 2018 imposition of US sanctions on Tehran.
Now that threat looks to be a reality.
Turkish news agency Anadolu Agency quoted India’s External Affairs Ministry (EAM) as saying on Thursday Tehran would develop

Read More »

Is Trump Using Nordstream 2 To Exit NATO?

July 17, 2020

The one thing I never thought I’d say is that Donald Trump is consistent, and yet on the subject of the Nordstream 2 pipeline he has been.
No single project has caused more wailing and gnashing of teeth than Nordstream 2. And since Nordstream 2 is simply the substitute for South Stream, which was supposed to come across the Black Sea into Bulgaria and then feed eastern Europe, this U.S. opposition to another Russian pipeline spans multiple administrations.
So, this is policy that goes far beyond simple 2020 electoral politics, Trump trying to look tough on the Russians, or his misguided Energy Dominance policy.
With Trump rescinding the sanctions exemption for Nordstream 2 he now has declared open war against Europe, specifically

Read More »

Russia’s Political Stability Ensured While the West Sinks

July 7, 2020

Despite what American and European commentators may think, there really is a deep desire among people to vote for their own sovereignty. And that impulse was on full display last week with the announcement of the results of Russia’s public vote to approve the changes to its constitution.
The final tally put the vote at 78% in favor with a 65% voter turnout for the referendum. These are the most sweeping changes to Russia’s constitution since it was ratified back in 1993, which vested the President with immense power.
And while the final package of reforms differed in one important aspect from the original one – allowing for a president to serve more than two ‘consecutive’ terms – the over-arching theme of the changes was to

Read More »

Maxwell Didn’t Kill Herself by Getting Arrested

July 6, 2020

Ghislaine Maxwell was caught in New Hampshire. Jeffrey Epstein’s partner-in-crime is now in U.S. custody in the darkest of all places, the Southern District of New York (SDNY).
The first thing on everyone’s mind should be, “Which faction actually has her and how long will she survive?”
I can’t answer those questions but it doesn’t hurt to run out a few scenarios, all of which, at this point, are pure speculation. When Epstein was arrested the same questions hung in the air.
Was this the Deep State getting a hold of him to shut him up? Was this Donald Trump trying to tie up a ‘loose end?’ Or was Trump and new Attorney General William Barr putting operational tempo on their opponents forcing Epstein into a potentially explosive

Read More »

John Bolton – Traitor to Common Decency

July 2, 2020

There are few men in modern American history more venal than Former National Security Adviser John Bolton. Calling Bolton a relic of the Cold War in his outlook on foreign policy is a kindness.
Bolton is a dangerous and pathetic creature whose entire life is an example of how incomplete men with a talent for violence can rise in a late-stage cesspit of political corruption.
He is simply someone who has never been in a fight in his life who lusts for the power to kill, main and destroy anyone who dares challenge him. A pathology he’s had the dubious distinction of being able to act out in the real world on more than one occasion.
This will, hopefully, be the last article I write about his cretin because once his last fifteen

Read More »

Black Is the New Black in Color Revolutions

June 23, 2020

The U.S. is in a Civil War. It began four years ago after Donald Trump’s election and has finally boiled over into open warfare here in 2020.
From the moment the protests against the killing of George Floyd were hijacked into looting and rioting I worried about this turning into something far greater, something with a far higher purpose.
Within a couple of days it was obvious the U.S. was now the subject of a color revolution of the same type and build up that occurred in places like Ukraine, Georgia, Egypt, Serbia and others.
And it’s pretty clear the color for our revolution isn’t orange or brown or violet, it’s black.
The questions I have are why this is happening now? The obvious answer is the full court press to deny Trump a

Read More »

After the Fed Punts, the ECB Throws Another ‘Hail Mary‘

June 20, 2020

Last week FOMC Chair Jerome Powell and company did, essentially nothing, at their June meeting. They held interest rates at 0.25%, did not expand QE nor did they indicate any changes.
This wasn’t what the market wanted, as the bond were pushing the Fed to take rates negative and further open up the liquidity spigots.
Rates would be lower for longer and central bank swap lines would remain open. Other than that, the Fed didn’t give the markets what it wanted.
There were plenty of dollars in the system. That dynamic immediately changed after the FOMC meeting.
By punting the Fed put the ball back in the hands of the ECB who had been enjoying the dynamic of a weaker dollar to alleviate offshore dollar liquidity concerns.
It didn’t

Read More »

We’re Living in Orwell’s Nightmare on Crack

June 12, 2020

People wonder why I love Star Wars so much.

You can’t placate a mob by giving it what it wants today. Tomorrow it will want something else.
“I am altering the deal, pray I don’t alter it any further” – Darth Vaderhttps://t.co/wQpi6jihoi
— Tom Luongo (@TFL1728) June 10, 2020

When dealing with people who have a bad religion, in this case The State, there is no limit to their demands. As a religion the State is merciless. It has no capacity for forgiveness. It dictates. We obey or eventually we get shot.
That’s what has been substituted in the West for Christianity. And Christianity, across nearly all of its sects, has failed to contain the State or provide the means and the frameworks to reinforce constructive behavior.
Boomerville is real folks, it’s on fire right

Read More »

Trump’s Distractions or Is the Empire in Retreat?

June 4, 2020

Things continue to spiral out of control in the U.S. as the myth of policing fails and anti-civilizational forces move into the power vacuum.
And while I’m still completely committed to the end of the U.S. empire and its imperial edicts, It’s also not lost on me what’s happening, who’s making it happen and how they are taking advantage of this.
I warned you President Trump’s near atavistic pursuit of U.S. ‘enemies’ in places like Syria, Iraq, Iran and Venezuela would turn the world against us. Look at the protests for George Floyd across Europe and tell me things haven’t changed.
The empire is the problem. It’s a lesson Justin Raimondo taught me at Antiwar.com twenty years ago. And it’s only now that that idea has reached any

Read More »

Burning America: Be Careful What You Wish For

June 2, 2020

I wake up this morning to multiple U.S. cities on fire, the police are under siege and V for Vendetta trending on Twitter. Hackivist group Anonymous has declared war on the government and a whole lotta people are very confused about what’s going on.
I have no doubt the riots, looting and burning happening around the U.S. today is a directed, coordinated attack on the institutions of this country.
But saying that doesn’t mitigate the real anger and desperation of so many Americans and the victims of this government. It doesn’t mean that part of this isn’t truly organic and real.
When people lose everything, the saying goes, they lose it.
In my last post I talked about the solipsism of what version of America people have in their

Read More »

One Screen, Two Movies, Three Times the Trouble

June 1, 2020

Scott Adams has a perfect phrase to describe our political divide.
“One screen, two movies.”
What he means is that two people see the same event and process it in completely opposite ways, depending on their perspective.
That perspective is made up of a whole host of things — current state of mind, personal experience, personality traits, body chemistry, etc.
Take that one step further and incorporate human survival traits like in-group/out-group bias and the potential for self-reinforcing feedback loops of anxiety to explode into unbridgeable divisions within society become very likely.
None of what I just described is novel. It shouldn’t even need to be explained at this point. But, we’re living in such a state of heightened

Read More »

Joe Rogan Just Blew Up the Death Star

May 23, 2020

In the end it took a self-proclaimed ‘meathead’ like Joe Rogan to give new meaning to the phrase “Star Wars.”
Because if there was ever a moment where someone with real star potential just went to war on our behalf, it is Joe Rogan signing a $100 million exclusive deal with Spotify.
Don’t take my word for it. Take Alex Jones’, Rogan’s good friend, who was given the media exclusive to break this story and explain to all of us why he took that deal.

The short answer is he’s going to war against Silicon Valley.
Because there comes a point when even a normie like Joe sees that things have gone way too far.
Rogan is an anomaly in podcasting, hell for that matter, all of media and gods bless him for it. Who else can get tens of

Read More »

The Only Thing Morbidly Obese in DC Is the Government

May 21, 2020

So House Speaker Nancy Pelosi continues to prove the observation as true that the “Left Can’t Meme” by going on TV to decry President Trump prophylactic use of hydroxychloroquine and zinc to fend off COVID-19 by calling him “morbidly obese.”

Nancy Pelosi calls Trump “morbidly obese” pic.twitter.com/NEBc0kqMwC
— Andrew Lawrence (@ndrew_lawrence) May 19, 2020

What’s so sad about this exchange isn’t the obviously awkward set up by Anderson Cooper, the unctuous virtue signaling by Pelosi or the pathetic pandering to her base it is that Pelosi gets everything exactly wrong.
If Trump is morbidly obese, which would be a co-factor in falling to COVID-19, wouldn’t it make sense then for him TO be taking whatever precautions he and his

Read More »

Trump Goes on Offense Against Obama

May 19, 2020

If Donald Trump wants to get re-elected as President of the U.S. he’s going to have to take out former President Barack Obama. At this point Obama is the person who most stands in his path for a second term.
Former Vice President Joe Biden may well wind up being the nominee but that’s only because he is Obama’s stand in since Obama can’t run for a third term thanks to the only part of the U.S. Constitution anyone seems to give a damn about anymore.
But, make no mistake, the current flap about the unmasking of Trump’s first (and short-lived) National Security Adviser Gen. Michael Flynn is all about Trump finally going on the offensive after more than three years of fighting rear-guard actions just to stay in power.
Obama was the

Read More »

From RussiaGate to ObamaGate and the End of Boomerville

May 14, 2020

From the beginning of the story RussiaGate was always about Barack Obama. I didn’t always see it that way, certainly. My seething hatred for all things Hillary Clinton is a powerful blind spot I admit to freely.
But, it’s clear that Obama was always the vector through which the entire investigation into Donald Trump pointed. He’s the only one with the power to have marshaled the forces arrayed against Trump for the past four years.
We’ve known this for a couple of years now but there were a seemingly endless series of distractions put in place to obfuscate the truth.
Donald Trump was not a Russian agent.
What’s clear now is the President Obama’s administration was regularly engaged in illegally using NSA database access to spy on

Read More »

Cash Is Trash, Especially for the Post-COVID World

May 13, 2020

There’s been a concerted effort recently among the oligarchs I like to call The Davos Crowd to demonize cash. From hedge fund manager Ray Dalio pronouncing ‘Cash is trash’ earlier this year to the fear-mongering surrounding COVID-19 making people fearful of dealing in cash because it might be tainted the anti-cash rhetoric has been amped up to eleven.
And it’s been no secret that the elite of the world want us to stop transacting in cash because it is something they can’t track. Sweden has flirted with the cashless society while the European Union did away with large denomination bills the same way the U.S. has been phasing them out.
A few years ago, India created a huge stir removing the 500 and 1000 rupee note from circulation.

Read More »

Where’s the Beef? – Not on the Horizon

May 7, 2020

The reports continue to come in that there’s a real problem with the U.S. food supply. From McDonald’s reviewing their supply chain for beef to the pleas of ranchers already staring at feeding issues with last year’s poor harvests the signs are there for a major supply dislocation in beef going forward.
Kroger is limiting the amount of beef and pork people can buy. My local Winn-Dixie has had limits on large cuts of pork for the past couple of weeks. Pork loins have been gone for weeks now, so no pork jerky for us, which is a tragedy.
Now Wendy’s, which doesn’t use frozen beef, is reporting more than 20% of their stores are out of beef.
Stephens analyst James Rutherford noted 18% of Wendy’s restaurants were “completely sold out

Read More »