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Thomas Luongo

Articles by Thomas Luongo

Will We Allow the Coronapocalypse To Bail Out the Failure of Socialism?

7 days ago

The fear over COVID-19 has gone ballistic. We have moved from rational precaution to mass insanity in a matter of days. The speed with which those seeking power are moving is astounding.
With each passing day another person is jumping up, Alexander Haig like, to assume powers they do not have to demand control over the population they legally govern.
And it always seems to be in places with a particular type of government. They are the ones with the most advanced social safety nets, most outwardly compassionate policies and the ones with the most corrupt and failing infrastructures.
They are the ones that have squandered the hard-earned wealth of generations while trumpeting their own wisdom and foresight. And now that they are

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No Respite for the Wicked, Pompeo Unleashed

8 days ago

There are few things in this life that make me more sick to my stomach than watching Secretary of State Mike Pompeo talking. He truly is one of the evilest men I’ve ever had the displeasure of covering.
Into the insanity of the over-reaction to the COVID-19 outbreak, Pompeo wasted no time ramping up sanctions on firms doing any business with Iran, one of the countries worse-hit by this virus to date.
It’s a seemingly endless refrain, everyday, more sanctions on Chinese, Swiss and South African firms for having the temerity in these deflating times to buy oil from someone Pompeo and his gang of heartless psychopaths disapprove of.
This goes far beyond just the oil industry. Even though I’m well aware that Russia’s crashing the

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Now, We Get Local. Now the World Gets Real

11 days ago

“Reality is that which when we stop believing in it doesn’t go away.”
— Philip K. Dick
In March of 2003, we broke ground on the first real thing I ever built. The house I currently live in. Then I understood that there was only one way this economic and political system ended, badly.
And I knew then that I was woefully unprepared for the challenge. When I started building my house I could barely drive a nail straight. By the time the first part of it was finished I could lay a square of asphalt shingles with the best of them…. if only until about 10 am or so.
I could now solve logistical problems of much larger scale. I learned that building a house wasn’t one big task but a million little ones, some good and some, well, not so

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Putin Unleashes Strategic Hell on the US.

13 days ago

I am an avid board game player. I’m not much for the classics like chess or go, preferring the more modern ones. But, regardless, as a person who appreciates the delicate balance between strategy and tactics, I have to say I am impressed with Russian President Vladimir Putin’s sense of timing.
Because if there was ever a moment where Putin and Russia could inflict maximum pain on the United States via its Achilles’ heel, the financial markets and its unquenchable thirst for debt, it was this month just as the coronavirus was reaching its shores.
Like I said, I’m a huge game player and I especially love games where there is a delicate balance between player power that has to be maintained while it’s not one’s turn. Attacks have to

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Has Anyone Told the ECB Yet It’s Bankrupt?

14 days ago

“The problem with socialism is eventually you run out of other people’s money.”
— Margaret Thatcher
For months myself and very few others have been warning about the problems in Europe. That the real problem isn’t in the U.S., though it’s certainly a mess, it is in Europe.
It’s why I focused so hard on Brexit. Would the U.K. actually get out of the EU before it all came crashing down around the deaf and now stunned Brussels technocrats?
A U.K. outside of the EU meant localizing a major problem on the backs of those that 1) engineered it and 2) cheered it as they literally stole hundreds of billions of pounds from them.
But while everyone has been focused on the melting equity markets and what the high priests of monetary wizardry

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The Real Crisis Starts Now in Europe

16 days ago

I think it’s safe to say the new crisis just killed the Schengen Treaty. That ridiculous document which guaranteed freedom of movement across the European Union finally hit something it couldn’t bully, COVID-19.
Regardless of whether you believe the pandemic is real or not, the reaction to it is real and is having real consequence far beyond the latest print of the Dow Jones Industrial Average.
The lockdown of Italy isn’t a temporary thing. Oh, the suspension of free movement is temporary, but it portends something far bigger.
It’s the beginning of the real political balkanization that’s coming to the European Union over the next few years. Old enmities and prejudices have not been stamped out under the boot heel of oppressive

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And the Winner is? Deflation.

20 days ago

Back in August I penned a post called, “The Battle of the ‘Flations Has Begun.”
With an historic 2000 point drop in the Dow Jones Industrials on Monday in response to Saudi Arabia and Russia declaring an oil price war on, well, everyone it’s clear that one of the two ‘flations, deflation, has won out.
In retrospect the timing out that post was pretty good, because just a few weeks later the repo markets seized up, SOFR zoomed to an all-time high of more than 10% and the Fed was awoken from its slumber to begin intervening to keep markets from collapsing.
It initiated a reflation trade based on the hope that the Fed just being there was all that was needed to restore confidence in global markets.
In that post I made the point that

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Russia Just Told the World, ‘No’

23 days ago

There is real power in the word “No.”
In fact, I’d argue that it is the single most powerful word in any language.
In the midst of the worst market meltdown in a dozen years which has at its source problems within global dollar-funding markets, Russia found itself in the position to exercise the Power of No.
Multiple overlapping crises are happening worldwide right now and they all interlock into a fabric of chaos.
Between political instability in Europe, presidential primary shenanigans in the U.S., coronavirus creating mass hysteria and Turkey’s military adventurism in Syria, the eastern Mediterranean and Libya, markets are finally calling the bluff of central bankers who have been propping up asset prices for years.
But, at

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Will Idlib Be Putin’s Folly or Erdogan’s Rubicon?

28 days ago

It’s been a dramatic few days in Syria. The Syrian Army pushed across Idlib Province to retake major strongholds of Al-Qaeda-linked jihadists who have controlled the region for years thanks to support from Turkey.
This provoked a major escalation from Turkey’s president Recep Tayyip Erdogan. Major offensives by the jihadists, backed by Turkish armor and air power, pushed back the Syrian army from the outskirts of Idlib city and took back the town of Saraqib at the confluence of the M4 and M5 highways which are of major strategic importance.
That counterattack occurred while the Syrian Army had moved south to claim vast territory northeast of the Russian air base at Latakia.
Erdogan has been threatening for weeks for the Syrian

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Trump and the Politics of the Coronavirus

March 2, 2020

Normally I agree with Moon of Alabama’s analysis on foreign affairs and certainly geopolitics. But the latest post discussing the political fallout from spread and potential mismanagement of nCOVID-19 is nothing short of fantasy.
I don’t disagree that China, assuming that the numbers they’ve published are any more real than a lot of their economic numbers, has shown remarkable power to stop the spread of the disease.
And they have done so so as to disrupt supply chains all across the world. This week the equity markets finally came to terms with the real world effects of such a disruption, even if the disease itself is, in the end, controllable and the response to it to this point, overblown.
I’m not saying it is one way or the

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RussiaGate Claims Its Next Victim – Bernie Sanders

February 26, 2020

Bernie Sanders is done.
He had a chance to help effect the changes needed to keep the United States from sinking into political depravity. But he blew that chance.
At the first sign of push back by the intelligence agencies Bernie rolled over like my five pound rat terrier, Ginnie, who’s literally scared of her own shadow.
After more than three years of ridiculous allegations of Russian meddling into the 2016 presidential election the story refuses to die.
The latest iteration is Russia is not only working to get Donald Trump re-elected (along with Facebook CEO Mark Zuckerberg) but backing Bernie as his opponent.
No matter who loses, the narrative goes, Russia wins.
Now, if Bernie’s response to this wasn’t the new dictionary

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Don’t Be Fooled by the Deplatforming of Facebook

February 25, 2020

The push for speech control escalates. There is now a concentration of stories concerning social media companies and their role in shaping political thought.
We are nine months from a pivotal presidential election in the U.S. and the push is on to ensure that the outcome goes the way those in power want it to.
Three times in as many weeks billionaire busybody George Soros has attacked Facebook CEO Mark Zuckerberg, demanding he be removed because he is working to re-elect Donald Trump.
This seems like an absurdity. But it isn’t. It’s all part of the game plan.
Create a controversy that isn’t real to seed a narrative that there’s a problem in need of a solution. Facebook has been the center of this controversy to inflame passions

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Mike Bloomberg: Trojan Horse for a Clintonista Revival

February 19, 2020

It’s been obvious to me since he declared that Mike Bloomberg is not a serious candidate for the Democratic nomination. He is everything the Democratic base doesn’t want — white, billionaire, oligarch, Wall St. 0.000001%’er.
Oh, and until just a couple of years ago, he was a Republican. Billionaires like Bloomberg change parties to where ever they see their money will go the farthest.
Right now, that is the quickly fracturing Democrats, who are staring at a revolt to Bernie Sanders that doesn’t sit with Wall St. at all.
It’s also obvious that Bloomberg is animated by personal animus towards Donald Trump that I suspect is as much about Mike’s ego as it is his desire to protect Wall St. from having any of its dirty laundry aired

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The EU is Now Deaf to Their Coming Defeat

February 15, 2020

Yanis Varoufakis once described negotiating with the European Union like you’re singing the Swedish National Anthem. No matter what proposal you put in front of them, they acted like they didn’t understand and simply reiterated terms.
But, at least then they heard something. It may have been gibberish to them, but at least sound waves made it to their ears.
Today, these people are like overwhelmed autistic kids needing noise canceling headphones to blot out the unwanted stimuli. It may be therapeutic but it doesn’t solve the situation.
Now that Brexit is complete the EU has gone one step further, blocking out the very real strategic and tactical disadvantage they are in dealing with the United Kingdom in trade deal talks.

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Trump Wins Iowa, On to New Hampshire

February 10, 2020

If there is one thing that is clear as we end this truly insane week it is that it was a good one for President Donald Trump.
Between his acquittal in the Senate over an impeachment that is the apotheosis of three years of patent nonsense and the fiasco that were the Iowa caucuses, Trump comes out of this first week of February in better shape than he’s been since he won the election back in 2016.
The Democrats have made a complete mockery of their candidate selection process.  At least back in 2016 when Trump knocked people off one by one the GOP didn’t openly try to rig primaries against him.
Of course, Trump isn’t as much of an outsider as he portrays himself, so his real threat to the entrenched political establishment in The

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Did Pelosi Just Tear Up the Fabric of the US?

February 8, 2020

The annual theatre surrounding the President’s State of the Union address took another nasty turn in 2020. In times past with Nancy Pelosi (D-Shadow Gov’t) as Speaker of the House we’ve seen her grandstand on sending out the invitation.
She’s always there to take the spotlight onto herself, make herself the story to detract from President Trump. This year she didn’t disappoint against the backdrop of the greatest political defeat of her career.
Bookending Trump’s self-congratulatory speech where he took credit for a stock market he has nothing to do with and celebrating the starving and terrorizing the people of Iran, Pelosi first made a big show of Trump refusing to shake her hand and then tore up her copy of his speech after

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Peak Facebook, Peak Soros, or Just Peak Globalism?

February 5, 2020

In late 2018 I asked the question, “Have we reached peak Soros?” Because back then I realized that Soros was losing.
And every issue I touched on in that article has come to pass. For more than ten years Soros and his cohort Tom Steyer, (who is now somehow presidential material?) have worked diligently to end free speech on the internet, to regain control of The Wire and end our ability to out them in real time to stop their Brave New World.
All around you, if you look closely enough, you will see the spectre of George Soros lurking behind the headlines. The caravan, net neutrality, regulating Facebook, the de-platforming of independent media, color revolutions and election meddling, refugee creation and manipulation, the trolls

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Can Bernie and Tulsi Survive Hillary’s ‘Urge’ a To Save the DNC?

February 3, 2020

For months now I’ve been convinced that Hillary Clinton will be entering the fray that is the Democratic Party primary season. The affair to date has been a nothing short of high comedy.
Recent events have me more convinced than ever that she will be returning, like some zombie whose head we forgot to cut off, to haunt voters one more time this fall.
After the beginning of an obvious (and planned) PR campaign last week with the release of a big campaign ad documentary on Netflix and a big splash in the Hollywood Reporter Hillary finally stopped being coy. And she announced this week that she now ‘has the urge’ to run again against Donald Trump.
Save us, please, from Hillary’s urges…. Shudder.
And she did so making sure that

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Italy Slouches Towards New Elections

January 25, 2020

Italy is always good political theater. I remember years ago when I cared more about poetry than politics, a friend of mine saying, “Tom, seriously, you’re missing out, Italian parliament is better than cable.” And in the early days of reality TV he was probably right.
That grand tradition of Italian government being closer to performance art rather than public policy continues today. I’m being somewhat facetious, certainly, since this game is deadly serious. Italy is a lynch pin to the grand dreams of The Davos Crowd for global social and economic dominance, so what happens there politically is vitally important to the world.
And given that the annual convocation of those would-be world rulers is happening right now in Davos, it

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Let’s Add the Return of Salvini To the Growing List of EU Problems

January 21, 2020

When Matteo Salvini’s Lega won the state elections in Umbria in late October few, if any, noticed. Lega and the Brothers of Italy and Forza Italia took at whopping 53% of the vote, with Lega taking 37%.
It was this result that should have had everyone in Brussels worried. But since they had just gotten finished patting themselves on the back for maneuvering around Salvini’s attempt to force an election the month before, the news quickly moved to the back burner amongst all of the Brexit drama.
But, the result in Umbria was important because it showed Lega’s ability to turn a center-Left stronghold against history. The Democrats (PD) had held sway there for over fifty years. But no longer.
The result showed that even though

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Does Gangster-nomics Meet Its End in the Iraqi Desert?

January 20, 2020

In the aftermath of the killing of Iranian IRGC General Qassem Soleimani a lot of questions hung in the air. The big one was, in my mind, “Why now?”
There are a lot of angles to answer that question. Many of them were supplied by caretaker Iraqi Prime Minister Adel Abdul-Mahdi who tried to let the world know through official (and unofficial) channels of the extent of the pressure he was under by the U.S.
In short, President Trump was engaged in months of what can best be described as gangsternomics in directing the course of Iraq’s future economic and political development.
My initial reporting on this should be considered, at best, informed speculation.
Did Trump openly threaten Mahdi over this deal as I covered in my podcast on

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Putin’s Now Purged the West Fom the Kremlin

January 18, 2020

It came as the biggest shock of the day on Wednesday. The Russian government resigned. The day before President Vladimir Putin gave his State of the Nation address and outlined a slate of constitutional changes.
That speech prompted an overhaul of Russia’s government.
Putin’s plan is to devolve some of the President’s overwhelming power to the legislature and the State Council, while beefing up the Constitutional Court’s ability to provide checks on legislation.
From TASS:
In Wednesday’s State of the Nation Address, Putin put forward a number of initiatives changing the framework of power structures at all levels, from municipal authorities to the president. The initiatives particularly stipulate that the powers of the

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Impeachment, Soleimani, and the Pull of the Swamp

January 15, 2020

The day Speaker Nancy Pelosi announced she would open up impeachment proceedings against President Trump I called it a coup. It was obvious to me then and more obvious to me today that we are headed to a dangerous place (a dangerous place).
Trump’s impeachment trial in the Senate begins next week and it’s clear that this will not be a walk in the park for the President. Anyone dismissing this because the Republicans hold the Senate simply do not understand why this impeachment exists in the first place.
It is the ultimate form of leverage over a President whose desire to end the wars in the Middle East is anathema to the entrenched powers in the D.C. Swamp.
This is what I said back in September:
The Democrats would not be pushing

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After Missiles Fly, Iraq Becomes the Battleground

January 11, 2020

The future of the U.S.’s involvement in the Middle East is in Iraq. The exchange of hostilities between the U.S. and Iran occurred wholly on Iraqi soil and it has become the site on which that war will continue.
Israel continues to up the ante on Iran, following President Trump’s lead by bombing Shia militias stationed near the Al Bukumai border crossing between Syria and Iraq.
The U.S. and Israel are determined this border crossing remains closed and have demonstrated just how far they are willing to go to prevent the free flow of goods and people across this border.
The regional allies of Iran are to be kept weak, divided and constantly under harassment.
Iraq is the battleground because the U.S. lost in Syria. Despite the

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After Soleimani Killing, Suddenly the US Is Alone

January 8, 2020

The silence is deafening. The lack of response from U.S. allies around the world to President Trump’s assassination of Major General Qassem Soleimani tells you things have fundamentally changed.
Normally when something like this happens the U.S. has all of its allies lined up with statements at the ready. A gaggle of the usual suspects behind lecterns pledging support replete with the requisite hand-wringing and virtue signaling.
That didn’t happen this time. Only arm-twisting by Secretary of State Mike Pompeo cajoled a few lukewarm responses from European allies stunned by Trump’s violations of International Law and escalation of hostilities.
It’s clear Trump stunned them into silence.
Because they know the world is more

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2019: The Year the Neocons Failed

January 6, 2020

When things are as crazy as they are right now, it’s hard to see just how much progress has been made. 2019 had in it a number of watershed moments in geopolitics which signal just how close to radical change in the game board we are.
The neoconservatives within the Trump administration went for broke in 2019 and came a cropper every time. There’s no war with Iran. Nordstream 2 will be completed. Russia and Ukraine are on the path to solving their conflict. Iran is still selling oil. Turkey is still run by a madman. Israeli politics is more fractious than Spain’s. And Bashar al-Assad is still in charge in a slowly-rebuilding Syria.
The problem with these folks is they are relentless and still placed everywhere within the

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Trump’s Point of No Return

January 4, 2020

When I wrote that the coup against President Trump had morphed into a Civil War, I wasn’t kidding. The sham impeachment created the perfect environment for the Democrats and Republicans to get something definitive from him by playing the House and the Senate off each other.
With the Senate Neocon Occupied Territory the escalation of belligerence since Speaker Nancy Pelosi pushed through the impeachment vote has been serious.
First, there was the rider to the NDAA which upped the sanctions on everyone willing to work on Nordstream 2. Then Lindsey Graham pushed the frankly insane DASKA bill through the Senate Foreign Relations Committee.
Pelosi forced her impeachment vote through the House on partisan lines. Then, clearly

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Did Pompeo Go Off the Reservation in Iraq Attack?

January 1, 2020

I have to wonder who Secretary of State Mike Pompeo is actually loyal to. Because, the U.S. strike of Kata’ib Hizbullah forces near the Al Qaim border crossing with Syria in Iraq is a dangerous escalation there.
And it’s completely at odds with Trump’s goals of wanting us out of the Middle East. The Al Qaim border crossing is a particular red line for Israel and their allies in the U.S. State and Defense Departments.
It represents the normalization of commerce between Syria, Iraq and Iran over time. This is the so-called Shia Crescent which is the stuff of nightmares for Benjamin Netanyahu.
And the U.S. has been hopping mad for months since now caretaker Iraqi Prime Minister Adil Abdel Mahdi opened the border because it

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Did Macron and Johnson Negotiate a Hard Brexit in October?

December 30, 2019

Something odd is happening with Brexit. It looks like Prime Minister Boris Johnson is pushing for a hard Brexit much to my surprise.
Johnson’s strong showing in the recent election which secured the Tories its biggest majority since the days of Margaret Thatcher should have set the stage for the great Brexit bait and switch.
This has been my argument for months since Johnson became the front-runner to replace Theresa May. All Johnson had to do was manipulate events to get a majority which marginalizes the hard Brexiteers of the European Research Group (ERG).
Then he could undermine Brexit by giving back all the concessions during his subsequent negotiations with the EU over a trade deal.
This analysis should have been the correct

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Star Wars: The Rise of Skywalker — Who Are You?

December 25, 2019

At the core of J.J. Abrams’ latest Star Wars movie, The Rise of Skywalker, is the basic question we all struggle with throughout our lives, “Who are you?”
One of the dangers of storytelling in film is that of ‘raising the stakes.’ Characters have to consistently overcome larger and more dangerous threats or the audience loses interest.
This is something at the core of why a portion of the Star Wars fan base was angry with Rian Johnson over his choices for Luke Skywalker in The Last Jedi.
This is important to cover before we get to the new film.
Mild Spoilers Ahead
Luke ‘leveled up’ in Return of the Jedi and his failure with Kylo Ren felt like a retrograde, diminishing one of the great heroes of modern mythology. Kylo Ren simply

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