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Thomas Luongo



Articles by Thomas Luongo

John Bolton – Traitor to Common Decency

3 days ago

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

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Black Is the New Black in Color Revolutions

12 days ago

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

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

15 days ago

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

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We’re Living in Orwell’s Nightmare on Crack

23 days ago

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

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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

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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

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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

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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

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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

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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

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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

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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.

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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

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‘Don’t Trace Me, Bro’ — Just Say No to Contact Tracing

April 30, 2020

Contact Tracing? Really? That’s the next big government program to push for total surveillance over our lives. Now the real fallout from the Coronapocalypse comes to light.
The very people who created a fake pandemic out of faulty statistics, media fear-pimping and the rankest of propaganda are now pushing the total surveillance state to protect us (them?) from the next crisis.
James Corbett from the Corbett Report just published an excellent video discussing ‘contact tracing’ as promulgated by (who else?) the Clinton Global Initiative to create an army of new Brown Shirts to assist our wise and benevolent leaders in managing us like livestock.

James is urging us not to use their Orwellian term, and I agree with him. But the

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Trump: Live by the Oil, Die by the Oil

April 25, 2020

From the very beginning I’ve been a staunch critic of President Trump’s “Energy Dominance” policy. And I was so for a myriad of reasons, but mostly because it was stupid.
Not just stupid, monumentally stupid. Breathtakingly stupid.
And I don’t say this as someone who hates Trump without reservation. In fact, I continue to hope he will wake up one day and stop being the Donald Trump I know and be the Donald Trump he needs to be.
I don’t have Trump Derangement Syndrome of any sort. Neither MAGApede nor Q-Tard, an Orange Man Bad cultist or NPC Soy Boy, I see Trump for what he is – a well-intentioned, if miseducated man with severe personal deficiencies which manifest themselves in occasionally brilliant but mostly disastrous

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#FireFauci Should be the Rallying Cry for a Generation

April 16, 2020

I’m done mincing words. I’m done giving people the benefit of the doubt. Whenever I do that The Davos Crowd and their highly placed agents make me look like a virtue-signaling fool.
Fire Anthony Fauci now.
For weeks I’ve been careful to separate the threat of the disease, COVID-19, from the political response. I’ve felt strongly that one can respect the virus while at the same time be wary of the political response and the panic engineered over it.
But that’s come to an end. It’s clear that the plan from the beginning was to allow this virus to run wild in high profile places like New York and Italy to create fear. It is also clear that people like Dr. Anthony Fauci were activated to ensure the worst possible response to the

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Risk? We Don’t Need No Stinking Risk!

April 13, 2020

We’ve crossed the monetary Rubicon. There is no going back to the way things were. With the creation of a series of Special Purpose Vehicles (SPV) the Treasury Dept. and the Federal Reserve have fundamentally altered the financial landscape of the United States.
We are no longer a country that tolerates the risk of capitalism. To be honest, we haven’t been that country for a very long time. Steadily over the course of my life (I was born in 1968 the year the London Gold Pool failed), the global monetary system has cut tie after tie to the discipline of the free market in money.
With the U.S. at the center of the system, it was inevitable that we would reach the point of no return once there was no other way to reflate the

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No, Mr. Boomer, We’ve Run Out of God Pills

April 8, 2020

Consider this an open message to The Davos Crowd. I can see you using the pandemic of COVID-19 to run the table on holding onto power while your institutions fail.
It is obvious that by either design or acting opportunistically this pandemic has become your casus belli on us, to usher in a new world based on total surveillance, total compliance and control.
You’ve used fear over a bug to induce mass hysteria at a level that is difficult to contain. After more than two generations of marginalizing the masculine and amplifying the feminine the Progressive deification of trained experts which you turned into ‘believe all women’ to push identity politics has reached its zenith.
This has now reverted back into ‘believe all smart

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Has the US Cold War Shifted From Russia to China?

April 7, 2020

Starting in the Obama administration the U.S. increased its full spectrum dominance campaign against Russia as an extension of its goals to destabilize the entire Middle East.
Russia’s intervention into the war in Syria after the so-called Arab Spring across North Africa emerged over an eighteen month period as the demarcation line between the unipolar moment of U.S. hegemony and the beginning of the multi-polar world now well underway.
From the moment President Putin brokered an agreement to halt the U.S. invasion of Syria over the chemical weapons attack blamed on Syria’s President Bashar al-Assad Putin has been the main focus of U.S. foreign policy.
That focus has shifted now.
The thwarted invasion, helped by the betrayal of

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The Monetary Abyss Stares Back and Asks Who’s Next?

April 6, 2020

We are at a critical moment in the history of politics and markets. Everyday the U.S. government stares into the fiscal and monetary abyss and chucks trillions in hoping that will be enough to finally fill it.
We stand by hoping that it will work to reflate markets collapsing from a catastrophic mispricing of assets. At least some of us do. I don’t.
I hope it fails and it’s because those inflated prices fuel the very global political order that is anathema to human advancement.
President Trump is finally happy with his FOMC chair, Jerome Powell, after he opened the door to unlimited quantitative easing, nearly unlimited liquidity injections via the repo markets, and taking interest rates to the zero-bound.
It’s clear that the

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Who’s Next To Fail in the Post-COVID World?

April 1, 2020

As much as I hate to invoke The Ayn Rand lest I give off the impression I’m some kind of Objectivist, which I am most certainly not, the engine of the world is coming to a halt.
Money velocity has been falling for years. It is now cratering as we hide in our homes from a bug that eventually we will all have to reconcile with. Credit is the engine of the world of today.
It is the gas which fuels the engine of the world.
COVID-19 has cratered the global economy exposing the internal rot within our hyper-financialized global economy as nothing more than a pyramid of Ponzi schemes…
… piling credit on top of credit until there are no more greater fools to sell the new debt to.
That’s the system we have. And it is collapsing precisely

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

March 25, 2020

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

March 24, 2020

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

March 21, 2020

“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.

March 19, 2020

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?

March 18, 2020

“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

March 16, 2020

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.

March 12, 2020

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’

March 9, 2020

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?

March 4, 2020

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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