Tom Luongo on Trump's Masterplan

I never believed that the CIA killed Kennedy.

Well, you're talking to a guy that's read the entire JFK file.

You've seen all the secret stuff.

I've seen all of that, and I've seen the seven pages of the nine to eleven report. I've seen it all.

You don't say that to people that you can't tell what you saw. Should the Kennedy stuff be released?

Yes?

Is there anything there that is?

Like?

Is anybody alive that?

The problem is the things that we can't release have nothing to do with the questions you guys are.

Asking, what the hell does that mean?

Tom Luongo, that's a good question, and I don't know. Yeah, yeah, it's a it's interesting. Hi, Clint, how are you. How you been it's been a while.

I'm good, I'm good. Thanks for joining me, Tom, Yeah, I mean, the reason I started us off with that is because allegedly the JFK files are going to be fully released, unredacted within minutes. I don't know if that's gonna be true. We have been rug pulled numerous times, particularly with the Epstein files, but I'm interested. They have piqued my interest at least. What about you?

Yeah?

I mean, I yeah, I think this stuff is interesting. The older I get and the longer this goes on, the more I look at this is just a kind of I don't know, I'm distrustful of everything at this point, Clinton, I'm distrustful of every every distraction of every.

Of everything I'm seeing.

Like it's funny this morning, just this is gonna sound like a diggression, but this morning I was too my Twitter feed, and so I think from Jim Bianco about concentration of stories of of financial market distress, and then we're like the highest, second highest and concentration of this

It's something do you throw out there?

And then especially the Epstein file thing, it was clear that there was a there was like deep state fucker going on and nothing with Pamba, It's clear. It's clear that she was told one thing. You know, she's still in the process of getting her you know, her staff together and everything else, and she was a suit you know, and then they you know, then they rugged her, right, and then what happens. Everybody's like screaming, and you know, it's like really like you could see that coming, Like

We have to assume that we have to assume.

That we're living under the most intense psychological intelligence operations of all time, because the stakes are that high for the people who are you know, whose power is being threatened here. So you would expect m I six to be an overdrive. You expect the Masade and the CIA and you know, the State Department and everybody imaginable and you know, and I see it in the financial markets as well. So at this point, like I'm like, oh,

And I'm watching those guys and that's what has my attention, right.

Me both, you know, But that's just not the headline grabbers generally. But no, I agree with your assessment. In fact, I spent the past week really locked in on Canada, and we'll get into that in a second. But I do understand you know, the desire for transparency. That was kind of what Trump round three, if you will, was ushered into power with. And I think people expect that. And you know it was an unforced era on Pam's fault or on Pam's part.

You know, I'm not I no, I agree, I think it was.

And I think that you know, like Trump when he first got to Washington, d C in twenty seventeen, twenty sixteen, you didn't know how I operated. He made a lot on forced errors, not the least of which was you know, you know, allowing Mike Funn to be you know, taken from him right set the tone for the entire administration. And I think BONDI has got you know, you know, d C is not Tallahassee right, you know, and it's a much much different beast. And and so you know,

So and we'll see. I mean, I'm not and I'm not convinced that she's the right ag right, I after mac Gates was was uh was.

Was was ship can that was the odds on bet my Dexter right and I both made the call that it would be Pambondi and that Ashley Moody would be moved into you know, Rick Scott's position and blah blah blahlah blah and that. But there's still a feud going on between the Santas and Trump because you know, he's Trump and there's no known cure.

So you know, well, like, so let's let's let's pivot. Let's pivot to uh to well, actually I want to start with Yeah, let's start with Canada. I know that's not not the headline grabber, but Mark Carney being you know, Bank of England. Uh yeah, seems like a you know, a globalist plant, especially since he wasn't even elected. I'm just curious what your read is on all of it.

Oh God, I just did an hour and a half of my friend Sean Newman about this this very thing, and I'm about to publish a podcast as a matter of fact, I've got a podcast with Chris Sims of the Canadian Taxpayers Federation, who is a great source of information about Mark Carney, by the way, because she's actually read this book like she's braver soul than I am.

And I've got one of those coming out.

So for the gold Goods, and Guns podcast that'll be I'll be publishing that right after you and I get done this afternoon. I've got it all like laid out. So I've been really dip dipping into Canada a lot. And I you know, so last week I was on with Sean and Alex Newman, sorry Alex Kraner, on Seawan Newman's podcast, and because we hadn't done one in a while, and we and it was the day that car Me

Put Carne in charge. It's similar to what happened when.

Mary Droggy, the former head of the ECB, took over the caretaker government in Italy after they blew up the coalition, the populist coalition there, if you remember, you go back to that and knowing full well that the polls were all pushing eventually that Georgia Maloney would take power, but they forestalled that for as long as possible, put Draggy in place in order to do as much damage to Italy as possible before he was finally forced out the door, and then leave Maloney with an absolute mess.

Right now, no one is going to.

Going to is going to equate the depth of the Italian deep state to the Canadian deep state. But because the Italian deep state makes the American deep state look like a bunch of quakers, and because it does because it's a thousand years old or two thousand years old, much more entrenched, right, But there's definitely something going on here. Davos has moved heaven and earth to put Carni in charge by validating two thirds of the Liberal Party votes.

They just you know, they.

Just ran a random number generator right on every column and then you know, copied and paste with values and then they were done to the hide their work.

I can almost bet you that's what they did.

It was a conclusion that Carney was going to be the next prime.

Minister, right because they needed him to come into play. There's no way that Christian Friedlan was going to be prime minister. Her job was to act crazy what she is, the crazy you know Ukrainian diaspora bitch that she is, and and then push every and then say okay, well we're going to have more Carney come in because he's a nice, you know, offensive list technocrat.

Again classic kind of Davos play.

We have the crazy woman and saying we need New Canada needs nuclear weapons to defend against the evil United States. And then Mark karneye comes in, right, That's like, that's the way they always play this. So McCarney, being a central banker, understands plumbing, understands global plumbing, understands that they're they're plumbing for the carbon credits, the carbon taxes and everything else far better than I do. Like I'm not going to sit here in the ark that I know

Okay, so all the budget cuts right, all of the.

All of the spending cuts that they want to enact, and they can enact, and we're going to get to the continuing resolution in a second here, And why I'm really angry with Thomas Massey because he should know better, because he does know better, because he's been briefed.

As to what the difference is.

But you know, you have a the stock of dollars does not matter. The stock of dollars is reserves isn't really important. What's always important is the flow at the margin of anything. Like any basic understanding of economics is that prices are set at the margin. So the price

In twenty twenty.

Four, the Canada ran one hundred twenty four point five billion dollar trade surplus with the United states, This is just trade surplus. When Trump bandies around the number two hundred billion dollars a year, that's Canada's stealing from US. Well, one hundred and twenty four billion to that is the trade surplus. And I'm sure that he's got some other sources of revenue that he's thrown in there, and then he likes to exaggerate by twenty percent because he's Donald

So it levels.

They're doing it to beat down interest rates.

They're doing it to create a dollar dollar carry trade between the Fed and the Bank of Canada.

Because traditionally this.

Is why would Carne, Why would Carne play ball? Like my understanding is that the Trumpet admin and you know the Davos crowd, which I put Carne in that camp or at odds with one another, so.

So again, go again.

The point being is that the carry trade is that you're doing an end run around the FED. The FED is trying to hold monitoring polls tight, and we expect them tomorrow to not cut rates. The Bank Canada's cut

To keep interest rates.

It's about twenty five to fifty bases points below the Fed Funds rate. So as Powell was raising sharply during twenty twenty two and twenty twenty three, the Bank Canada went along with them, and they'd hit five percent while we hit five and a half.

But since then, Powell's.

Come down a point. They've come down to two seven to five. They've cut two and a quarter. Okay, so that spread is now much much wider than it was in the past and it's ever been, and I expect that it's going to continue. I expect Powell to start cutting rates again later in the year. I mean, I fully expect by the end of the year will be closer to three percent than four percent on the Fed Funds rate. I've been calling for either three, two five or three The current so for futures market is saying

So the market has pushed the thirty year up like thirty basis points over the ten and that's the highest to spin in, you.

Know, going back to green span. Okay, since Bernanki took us to the zero bound, it hasn't been that high. Forever that spread has been that high. So why would that be, Well, you know, if you want to write the headlines that administration, well it is. If you want to write headlines that that Trump is sowing global chaos, well would you do if you were Davos, you'd sell

Well because then you have the inversion and then the expectation is a recession.

BI can go.

So remember, one of the things that I figured out I've been tracking over the last three years since Palace Server raising race, was that it's been the Europeans that have been buying a crap ton of US treasuries. They've bought as of the last TICE report, they've bought and I haven't done this month, so I guess the fifteenth was over the weekend. So okay, as of last month's TIC report, I haven't done this month yet, but i'll

The rest of the world, the rest of the world.

Who's not defined as the European Union, plus the British and all of their attendant Central Bank and their their attendent subsidiaries, and it didn't count Singapore and Hong Kong in that list. Like this, they're still dumped in in the in the Asia Pacific pile. But just like the Bahamas and the British Virgin Islands and the Caymans and Ireland and Canada, they've all bought a shit ton of US treasuries.

As a matter of.

Fact, as of you know, it's been neck and neck now for a couple for the last six months between the Bank of England or China being the second largest holder of US treasuries as reserves. Central banks, right, which was the British have never owned this many. So now that here's the question for you, why would they do that? Well, they were doing that in in order to keep a cap on bond heelds overseas, right, and to keep a cap on, we'll keep a cap on the US bond yields in order to keep it.

Then attendantly keep a.

Cap on bond yields overseas because everything is about keeping like the interest rates and the exchange rates and a certain and a certain band. And outside of those bands is when is when interest rate derivatives start to pop off and people start to need to get paid because they're all.

Hedged in a tight band.

You get outside of the band, and now something has to happen, and you can watch and you can see this in a number of different charts. You can look at the euro pound cross of how hard they've defended eighty three cents. You can look at the up until recently, the German ten year yield was defended a two point five percent on the German ten year yield for three years.

But they're trying to prime Trump for it. Not that.

Uh well yeah, see Mark Carney and uh, I forget the I forget the lady's name, but EU. They were talking about digital euro. So I think I think your your read is probably right that that's the transition of Guard just to yeah, the Guard and just to Christine Leguard the the X just a brief explanation at least my understanding is, like, the reason you want to keep these things in a band is because, I mean, global

Know, sure margin, you still have margin calls.

Yeah, all of chaos can break out.

Well, this is let's go back to August fifth of last year, when the Japanese Ministry of Finance dumped the whole bunch of yen on the market and or pulled a whole bunch of yen on off the market, dumped the whole bunch of dollars on the market and moved the en over three week period from one hundred and sixty one down to one hundred one forty and caused a whole bunch of cascading defaults. Now in the short term that unwound a lot of US dollar Japanese yen

Yeah, I mean it's eight hundred billion they're allegedly going to put together, and you know that they can't text that, so they're going to be borrowing and printing it. So's it's looking rough. I mean, my read of things is that Europe and Canada are just absolutely fucked like, and Canada in particular, I'm like, I'm curious to get your read And this is like one of the main reasons I wanted to talk to you again, despite the fact that you're just very interesting, is that you know, Canada.

Well?

His angle is is I think it's the same angle that he has for the United States. Like I've been operating under the app I've been operating under the the premise since Powell sort of the stealth tightening back in June twenty twenty one.

That if if I'm you know, it's back then when you and I.

Think you and I haven't spoken like directly in a couple of years since I first started talking about this, back then when I when I was thinking about that and I and I then projected.

It out only what was that me?

Does this mean like that we are like declaring independence all over again? Is this the real American revolution?

Because it has to be.

Divesting and not divesting, but creating separation between European and American markets, meaning we get the price dollars at the margin, not Europe, not the city of London. We've never been able to do that history, and it's been an obsession of mine now for the last three years. Is I play that thesis out or play that hypothesis not thesis but hypothesis out of my head and then see if I can see false, I can then falsify it right.

From these fucking people. Now, how do you do that?

Well, you do that by forcing all the globalists that run Canada out of office. You put pressure on here Starmer in England, you put pressure on NATO, which is how the European Union thinks it's going to continue to you know, live on our couch and make us pay the mortgage payment for Europe, Like, no, you have. This is so it's all tied to the money flow. It's

If I were Canadian, I'd be.

Just dis triggered by Trump. You know, Calumost the fifty first States, anybody else, I'm not gonna lie here. But again, and this is what I'm saying that Shawn not two hours ago, and in some ways is also what I said to Chris Sims, is that look, get past the emotional response, think about what this is actually doing.

You're not happy with Justin Trudeau.

You don't want Mark Carney, you don't didn't want Christia Freeland, you don't trust Pierre Poliev like I talked to Canadians about this, from Ontario to British Columbia, and I talked to them all and they're all like, yeah, no, Paulia is no better.

He's just controlled nominition at best. I agree he's weak.

So was Scott mow and Saskatchewan. And now we're figuring out probably Daniel Smith.

Out in Alberta.

And I plugged deeply into through Sean Newman and others Alberta politics.

So at this point, so they're going to be there in May again, I'm going to be in Calgary in May, and.

So that's position. Well is this any worse?

Right?

So now the question to ask yourself is Trump is in his own way saying look, I'm offering something that no one's ever offered.

You. You've never really been part of the Europe. You've never really been part of the United States.

You exist as this plaything of both vaster powers. We're offering you to become part of the United States for these reasons. Somebody said the other day was crue, but he was correct. I look at the canon, I'm like, I just don't think it works very well as anything other than the state. Why he's thinking in terms of our legal structure. He's thinking in terms of our corporate structure, taxes, defense, this, that, and everything, all the basic mechanics of operating your country.

Or operating the territory.

Canadians would get a better deal into the United States because you'd get our tax laws. You'd become part of the as from Europe's perspective, the biggest part of the biggest tax haven in the world, like the Europeans see of the United States, and we really are the largest tax haven in the entire world relative to everybody else.

We as Americans look at it and go, where's the tax haven for us? Right?

But the truth is everybody else goes to key here because we have the best tax law, we have the best corporate law, we have the best legal protections, in the idea, well at least we did until Obama and Biden and the Biden hunt and all the rest of it.

But so but in theory, especially with the constitution, that's what we have. Now.

That's the offer for the Canadians that he's kind of putting on the table. So he's literally saying, we can help you, we can free you from this same thing, the same offering and effect is on the table somewhat to the to Britain's you know, to the b R I t o n s Briton's right, not to the city of London them, not to Kiir Starmer and Tony Blair and those globalists, but to you know, little Britain, to the people that Jeremy Clarkson, you know, advocates for

And he's not so.

Good, like he's not particularly good at expressing, because I think he just kind of blucked into it in many ways after sitting down with Justin Trudeau and you know.

Apparently the story was once.

He was he sat down and talked to Trudeau, and Trudeau was like trying to say, don't don't put tariffs on as you'll destroy us, You'll destroy cannedy. He's like, well, if you know, if I put tariffs on, you do and I just ray, economy. Are you really a country, right, You're you're basically an award of the United States.

Yeah. I mean it's very interesting because, like, I see what you're saying, and I understand that, you know, Canada really does survive based off of our market. Like that's true. Seventy five plus percent of their exports come to the United States. They're very reliant on us. But they've also

Well, it's interesting.

You say that, because I didn't think that same thing up until I'll be honest with you, up until he's sick Elon Musk and Kir Starmer or kir Stalin, I didn't think he understood that at all either. So and maybe he never did, right but previously and maybe he really just did just want a simple thing, you know, Hey,

And I you know, and I think that, but I guess what I'm saying. Okay, what was the saying.

I think Trump is very good at saying a lot of shit that he doesn't necessarily that is a distraction while holding his core while holding his core cards on the oh you know.

I mean, he's no doubt, no doubt about that. But what I'm saying is like someone gamed this out like it Trump was not the brainchild.

No, no, no, who is it?

Do you know?

I don't know, But my guess is that it's a consortium of New York banks. And I would think that the ringleader is Jamie Diamond. I've been thinking that in many ways for about forty years now, Okay, And that.

Well, I believe that I believe that hypoth I believe that hypothesis. Jamie Diamond is smart enough to fucking game plan this.

They can go.

And I I've been saying since the mid since and again I had to put like the tea leaves, I had to read the te leaves, but like connect some dots here go back to my original hypothesis about so for versus Libork, and I go back to things that Martin Armstrong wrote, both publicly, but mostly he wrote them privately.

And I can't find these.

Freaking articles because zero Hedge refuses to get a halfway decent fucking search engine.

Dude, Tyler, buy.

A halfway decent fucking search engine for for I sake, so I can find this stuff because you wrote about it, you talked about it, which was that kept writing over and over again.

Why is JP Morgan trying to start a REBO crisis? In February. In January in March, in June, and then in September.

We had the sofa crisis at twenty nineteen, which forced the FED into the Reboul markets.

Right. What happened, Well, Martin Armstrong cold this what happened.

Which is that the that JP Morgan was the only one was the first US bank to refuse to take European sovereign debt as rebo collateral at par I don't know what they were offering, but it certainly wasn't anything close to par. So because of that, they were creating a year dollar crisis. And because Sofur wasn't yet the law of the land, it was still in pilot program, it was still in pilot rollout, so there wasn't there

Back then, I had no idea what was going on.

And I just looked at it and I went, well, you know, it's kind of like bear Stearn. It's kind of like the Repo crisis of two thousand and seven. And in September two thousand and seven, and by March of two thousand and eight. Bear Stearns is vaporized, right, I said, the FED stepped in two thousand and seven, and we're gonna get about a six month halo effect,

And lo and behold.

You know you wanted a miracle, I give you CoV ID right, and thing go and we have a financial crisis. We can lock up the oil markets, which then lock up the treasury markets, which then then and then gives

All of us got used on that.

And at that point I was jacking out because I could see the play. I could see that because I had already made the I had already begun the process of thinking, maybe.

Powell's doing what they don't want him to do.

Why is he tightening monetary policy in the United States, And like, what's going on here?

And why are they all angry with him? And why are they doing this?

And why are they lying about the Build Back Better Bill? And why and why is policy trying to tie three all three of these votes together when he she could easily pass them individually, right and so, and then when the inside of trading scandle hit, I'm like, ah, no, they're going after Powell because he wants to raise rates.

And then that's his because because.

He had he had autonomy again.

Now he had autonomy to do what he needed to do. And but it, you know, it was just it was a very tense, like six month period where Obama and Biden and well Obama really and Davos were trying to take control of the of you know, get control of the of the of the FED in order to leave us at the zero bound forever and newter the FED

Interesting?

And I think that that was my read then and I was right about it.

And I think this thing started when Trump first came to office in twenty seventeen to get so started, and then it's been it's been just assiduously brick by brick, block by block, all the way down the line. And the most powerful of the money center. And the reason why the money center US banks would go along with would hatch this plan is because Davos's plan is to do away with commercial banking and move everybody onto a central bank digital currency.

They're like fuck that. They're like you like, no way, I'm going to take away my golden goose. You out of your mind? Uh no, I could? I can understand the the difference in interest. What I think is interesting is the you know, the the rush of Ukraine war and the response from you know, NATO. Basically the Biden administration or you know, Obama term three administration was was

Let's go, guys, go across the border do the thing. Oh, by the way, the Russians can do maneuver warfare if they really want to. They've just chosen not to for the last three years for this reason.

But yeah, yeah, So my read of it in the like, the primary reason I ended up supporting Trump, uh, you know, outside of your hypothesis, which I do find compelling, was just that I think that he is less interested in seeing a hot war with Russia, whereas I felt like we were very much on the precipice. And so it does seem as if you know, particularly after JD. Vance's speech, which if anybody hasn't heard it, I did a full

I don't think. I don't think you are.

I think that, Oh, look, Macron wants to be King of Europe. Has always talked about the the U Army and becoming and France becoming the you know, the new France, and Germany becoming the new you know, military industrial accomplix for Europe. So the question then is, you know, will American in military industrial you know interests, what are they going to do?

Well?

If Trump is offering them, Hey, we need to rebuild our military. Here, I mean, Trump like, let's let's let's just store something out there. Trump is talking about the amount of money that we've thrown at Ukraine. He's like, we could have rebuilt the entire navy with that money, right, the whole.

Navy needs a refit.

We could have refit the entire existing US Navy, which needs a refit badly.

Mm hmm.

Right, So just him throwing that's the that's the that's that's a bond mob.

They'll let you know.

Look, we'll throw the money at the at Grumman and Northrop.

You're still going to get paid. Stop lobbying my fucking congressman.

And stop and stop trying to gin up a war with China for the purposes of being able to sell the next generation weapons.

We're still going to have next generation weapons.

We don't need to have a war with Russia or China or even the threat thereup. The real problem is we have to get the money to stop flowing into Europe to destabilize our country because they're using our taxpayer money against us. And I think that's been the story of the first three months or two and a half months of this trumpetministration is look, we're you guys, are American taxpayers are being ripped off, and your money is

The leadership.

Yeah, yeah, I understand, you know.

And so just to make it abundantly clear, and so I think that the certain level of that is. So, you're right, Trump wants an end of the war with Russia. They just had an hour and a half phone call today. It was, you know, cordial, and they have a framework. And I love what I heard from from Putin. He's like, look, I'll be happy to stop bombing the energy infrastructure of Ukraine, which is real, that's taking pressure off the civilian population. But no, and let's have a thirty day season. I'll

I was theorizing exactly that. And the reason I was theorizing it just last night actually was that that Putin didn't intervene on behalf of SOD and I thought I thought that was very interesting, because I mean, they're they're one of their top allies. The whole reason that Asad had had survived that civil war as long as he did is because of Russian support. And suddenly in twenty four to forty eight hours, it's just like it's over and he's gone, and he's on a plane to Russia.

But you're no, I think you're I think you're on. I think you're you know, it's funny. That is one read, and I tried to go a little deeper on that. There's there's more to the sad story than just that, because he's got deep ye to the city of London and blah blah blah blah.

So like God, you know, like Sirius, like Syria is truly.

The enigma wrapped in a puzzle, wrapped in up, wrapped in you know, spaghetti.

I gets fucking regarded.

It's crazy how deep it is, right, And I've tried so hard to try and map it all, and after a while, I just like, no, I don't know, Like when I know again, all right, Erdigan has moved in to try and stay, to stay by the situation for someone I'm not sure who At this point, I don't The Israelis are both happy and sad about what's going on, and like it's it's all a mess.

The reality is it is.

But when you when you back out of all of that, and then you have Erdigan Today, let's add one more thing saying, oh, Crimea, we will never recognize Crimea, along with the like why would Erdigan act like the EU's bitch.

On this one? This makes no sense? Why wouldn't he nacinate?

Yeah, now he's like aligning himself with Europe as as opposed to Trump and putin what is he nuts?

Well, yes, but that's because he's ert again.

But he has always bigger plans right at the same time, he may have actually probably, I'll be honest with you, I can I can actually answer my own question now. Er again makes that statement because he's in a very difficult position politically for the first time in his entire career. The halo effect of taking Syria is gonna wear off.

And or China.

What you want is if they both want to be belligerent, they get to be belligerent on their own, not without British, French and American.

Right. I think that's what everybody's been asking for.

And I think that Russia is happy to have a strategic relationship with Iran in order to help stabilize the Russian southern border, and and you know Azerbaijan, Armenia that area as well as Afghanistan, and everything else. Like that's I think where Russia, Russia and Iran's focus wants to That's where Putin wants their focus to be, not the Middle East anymore. Trump with with his you know, Gaza plan and all this other stuff, I know what he wants.

Yeah. Right.

He wants the Arabs to take responsibility for the Palestinians in a way that nobody ever did before.

Which is exactly what Egypt. You know, they flipped out and then they offered that so.

Right exactly, and so did the Saudist And it was the minute the minute Trump said no, I'm going to take Kalaza, They're like no, no, no, okay, okay, okay, right.

Like, well the rebuild, get the fuck out of here.

Right well again, But you can't do that until you get rid of until you stabilize, until you in effect stabilize Israel.

Now, the way you the way you newter Israel is not.

By necessarily by cutting off arms support or cutting off this eid or.

Whatever it is.

Actually to take away their their their support from Britain. And you do that by by attacking city of London directly because Israel is a land based aircraft carrier for the British remnant.

Because hold on, hold on, this is this is this is so counter to what everybody else feels about Trump, that he is that he's he's you know, Israel's bitch. And you're saying, you're saying he's trying to undermine them.

No, he's not trying to undermine them. He's trying to allow them to stand on their own. But he's not going to do so without But they can't do so if Iran gets to have its access of resistance running around the region blowing shut up. That's why Hesbelin needed to be taken out. That's why he bomb the who thies.

And the British are locked out of that.

And do you think that the means.

Also that none of these people, Europe nor Britain have access to the vast Russian collateral that the resource pile of the don Bass and Plush Russia represent, which is how they're going to feed the cash flow after they default. They need the default, but then have set up future cash flow streams that they can issue new debt against. And if they don't have Ukraine and Russia, they don't

So now what right, Well, that makes perfect sense. That was the negotiation chip that that both Starmer and Trump were dangling to continue to keep aid with Ukraine was was the rare earth minerals. So that that now makes sense to me.

I think it's I think it's actually I think it's actually the coal, the oil and gas under the blah blah, and you know, the Russian uranium and the cause of the Kazakh uranium and all the rest of it.

So and the timber.

And the coal, the punction and the tantalum, like all the Fourth Road transition metals. Being an old chemist like I look at the I look at the fourth I look at those for those those those Fourth Road the third Road transition metals, and I'm like, those are the big ones because that's where all the metal argy, that's where all the metallurgical magic happens in.

And everything else.

Right, So this is their last lifeline for for you know, old Europe is basically to get those resources, use it as collateral to leave her up again, and maybe they survive a little a little longer.

No, they no, they and then they use that and they also survive a little while longer if they destroy the United States in the process, if they destroy the rule of law, if they destroyed the culturally and everything else, and they get the United States and Russia into a hot war over fucking Ukraine.

Guess what, they won the Table on Humanity.

No, that'd be huge.

Fuck that. No, not at all. Yeah, nothing gets me like angry or not.

The guys and so I saw this like four years ago, Like I chatting with the Duran guys about this ages ago.

I was saying, this has got to end. The EU is the danger here.

I know, you and I you and I actually I've come around later than you, but you know, my read has been similarly that, Like, it's obvious to me that the EU leadership, the political class, I don't know that they actually run shit, but the you know, the talking heads are are way more bombastic towards Russia. I mean,

Your and and take it once.

You know, no, you're you're absolutely right, And I'm glad that that we that.

That we we have a meeting.

In the lines on this because it's it's it's so very important point here, which is that we can free Europe in the same process, right, Like if we're offering our independence then translates to Canadian independence, which translates into European independence.

Which is why trumpeting on Musk spent so much time on the campaign trail schmoozing Georgia Maloney in Italy, because.

Italy is part of the triangle, the Triumvirate, the three legs that make up the European power, France, Germany and Italy. France and Germany are clearly captured territory with the Macrome, you know, operating as the as the lead man, and the Germans now fully almost in many ways, fully subordinate. I just said this afternoon. They want to they're nominated.

This woman is this woman's a uh is a moron?

She her she's the only thing she's qualified for is getting fucked on only fans, like seriously, And I mean, you know, okay, I might watch, but you know she's not she's not an unattractive in a kind of cougar esque way, in a German cougar esque way.

But you know, like you know, you know, I have no filter, dude.

So it's ok.

And but but it's Italy.

That's the that's the key here, which is that if we've been talking I've been talking with Italians about this behind the scenes for years, Like where are the most American bases in Europe?

They're all in Italy. There's one hundred American bases in Italy.

The French are trying to take over the north the northwestern partability through the cheerity of clear and olive that Matta Ellis signed off on the Italian the Italian president like so that the French have the right to move troops into the northern part of.

Italy if they need to, like like are you kidding me?

Like so it's very clear that if Maloney can and that's why she's she always looks like she's one day she looks like one thing, the next day she looks like something else.

Like she has she's in a very very delicate position because she has a very delicate.

Uh coalition government because both Lega and and fors Italia

He was very important.

I didn't talk about this very much, but I knew what was going I knew what was going on. I was just watching it from a from I was getting fed stuff and I was just watching it. And uh and then boom when he he sent Elon Musk over there to schmooze and charm Georgia Molona.

I knew exactly what that was. That was obvious. And then she's a seapack.

And then and then every time anything important about Ukraine happens, she always votes the right way. Sometimes she says the wrong things, but then in the end, yeah, I'll send I'll send weapons over there. And she sends old Italian tanks that don't work, like you know what I mean. She sends Italian.

Artillery that has to be refit, that's literally non functional.

And then you think she signed she signed into our alliance basically, oh absolutely.

Because she understood that the only way Italy survives is they make an alliance with the United States. But she can't get out from underneath Europe until Europe closed. The European Union has to implode. And so I was reading something this morning that one of my patrons found. Let me see if I can, maybe I can find it. You feel abuster for me. I'm gonna go look for this.

I'm gonna read.

I've got a question for you. Well you look so my You know, my hypothesis has been that perhaps Russia is Ala or Trump and Putin are negotiating basically an ally ship where Russia is no longer a prize state they come into the I guess I you know, we've always spoken about the Western world, but this would really break that paradigm where it would be it would no longer be the West, Europe and US. It would be a Russia US alliance with Europe kind of in the cold.

Is that?

Is that the next step?

I think it's a I think it's a yaulta too, with Putin g and Trump carving up the world and leaving the aunt of China.

Interesting, okay, ye do you think do you think that the.

So this the one?

The last point about this is you're if you're not sure what I'm talking about. My friend, my good friend Alex Craner wrote a couple of great blogs sub on the substack about this very thing, projecting out a uh, I think you should if you have never talked to Alex, and I absolutely recommend talking to my friend Alex. He's he's he's an immense he's an immense partner in crime. I bounce ideas off of Alex. He and I share

Not really, but she is. She's burned.

She's apparently burning all her bridges with her insane Russian the Russophobia and Russian escalation talk, and she's now out. She's not only you know, we all know about Victor orband saying no to you know, more a to Ukraine and everything else, but apparently behind the scenes, now Spain and Portugal have signed on in Greece is not going to be far behind. The important thing here is that

Them any rights to be that. You know they can do all that.

You start adding Italy, Spain, and know that, you start adding four or five six other countries, forget it, it's over, like you know, And so what you'll wind up with is an EU that will still use the threat of Russia as the means by which to do exactly what they want, which is to rearm and to consolidate fiscally and financially, financially and politically under the European Commission, giving them tax and spend authority to issue bonds right and

But what that means is that that's a whole.

System that exists within the European sphere. Then no one gets a fuck about it anymore because it's now isolated on its own. It's no longer the centers of center of power that it's been because without the United States and without the Russians, without the Chinese showing any amount of of of of respect for that that power center, it quickly collapses, especially if Italy keeps If Italy then says, you know what.

We're out.

No, that's that that does seem to make sense, especially makes sense with them, you know, trying to push that eight hundred billion dollars in defense spending. It's like, all right, well, yeah, if you expect the United States to basically bow out of the natal umbrella and you guys have to stand on your own two feet, yeah you better have better defense.

So what I'm saying is actually Israel is good with that? Okay? Yes, I think how the question is, this is what I want. I want.

I want you to envision, imagine a de militarized one stretching from Saint Petersburg and Norway all the way south to the Gulf of Aden.

It's a pretty big DMZ brother, think about it.

Ukraine, Yeah, the Black Sea Turkey from a from the standpoint of are the Russians or the Americans going to right backstop the proxies in that zone, because that's what

Financially.

You have to take away their money. You have to take away their ability to issue eight hundred billion dollars worth of debt at two and a half percent.

Right, it's just that simple. You've got to make them pay nine percent for it.

Yep.

It's it's that's it's it's that that's.

And guys like Diamond understand this. Guys like guys like Mark Mark Karney understand this.

Any finance guy understands this. Of course, I.

Sent clearly under stances like I have firmly come to the conclusion that Scott besided, like, I don't care if there's a reception, yea recessions good, I might agree. What happened is somebody from the fucking NISA's institute actually.

Like I show up like, I don't know.

No, I've I've enjoyed his rhetoric. I mean, I'm I'm always in the wait and see. I want to give people a year or two runway before I actually judge. But you know, my I got very nervous obviously with the incredible provocations in the show of force that that was demonstrated yesterday. And you know, as an anti war guy, I'm still I'm not going to applaud the bombing of the Hoothies or any any US military activity unless it's

I think I think he does have a long term plan, and I think the long term plan is that they're when listen to percent carefully when he says he's going to monetize the assets on our balance sheet, Yeah, there's a lot of assets on our balance sheet.

I've been written down to.

Zero, so yesterday able to tokenize it.

No, that's not what I'm talking about. Okay, So get get out of that headspace. Just get directly into the book value. What's the book value of animore?

Oh?

I don't know, yeah, you do up until well up until two weeks ago. It was zero because we weren't add to do anything with it.

Oh, okay, so they're going to open it up zero.

Same thing with our gold reserves, which are held at.

Eleven point zero point zero point or you know, eleven point zero four billion dollars on the fence balance sheet when they're really worth almost nine hundred million dollars an hour, you know, eight hundred fifty billion dollars.

Oh, there's some money.

Like, there's so many things. There's like we have assets and where we really have assets? And then this is going to offend every libertarian in the audience. I'm going to say it right right now. There's thirty two trillion dollars with the homeowner equity and home own equity in the United States at a loan to value ratio of

Are most important. Where they where we think.

The fraud actually is in grave detail, it's in social security and medicare. Now, that's part of the unfunded liabilities, the future liabilities, and the American balance sheet. What happens if we find out that there's twenty five percent of that that's like outright fraud that's been going to fund all sorts of other operations that we don't know about. Well, that takes all That takes those off the balance That takes those off the future liabilities and the balance sheet.

Get it? So?

The continuer is why I was angry with Thomas Massey over rightly with Trump over what he did with the continue voting against the Continual Resolution in the House, not the Senate, where there was more than a room for Rand Paul to stand up and say and the virtue signal that we shouldn't do this because they knew they had Fetterman and five or six other other senators.

But in the house where we only have three seats when.

We should have had thirty time, we know they sold thirty seats in the house, like, let's not kid ourselves.

We have three seats.

And Massy was no mass he was brought in. And Massey also knows that under a continuing resolution and under recision and everything else, that money is allocated, but it doesn't need to be spent. Right, the money, it's a pile, it's a potential pile of spending, but the money doesn't need to be spent.

If it's a.

Budget, the money has been apportioned and they and it has to be has to be spent, or it has to be you know whatever. So it's a fundamentally different thing.

And when I was.

But then you have to trust Trump not to spend that money.

I agree. Now here's the thing. What I was told six months ago.

By people close to the transition team, so this would be after July thirteenth, was that they had already identified one point three trillion dollars worth the spending that they can get rid of and it wouldn't do too much damage to the American economy. It would be a kind of reorganization that and then you'd notice that number has been bandied around a lot, by the way, one point three trillion dollars worth of cuts this year for twenty fiscal year twenty twenty six. But they needed to get

This year, but the goal was to get to the three.

Hundred and fifty billion dollar deficit for fiscally or twenty twenty six.

Now is that perfect? No?

Is it the move in the right direction. Yes, because all you have to do is sell to the bond market.

We're cleaning.

Look, we really are cleaning our fiscal house. The stock market and the bond markets are are are future oriented. They're not worried about today. They're worried about where you're going to be ten years from now.

No, you're absolutely right. And if you demonstrate that you are, even if you're still a profligate spender, but you're the most responsible major debtor on Earth. Well then and as the EU collapses, you see all of those funds flood into the treasury market in the US, which drives down rates, which allows you to refinance cheaper and.

More and moreover.

You also gives you the time then to start working in Congress a proper budget, a proper new tax bill bought, you know, new tax package. You go after the corruption in the IRS, You go after the corruption in social security and immigration and everything else, like how much money are we spending on? How much money are we going to find out that we've been spending on Social Security to house friging migrants in Minneapolis. It's gonna be a lot of money. We know that they're using the Social

And none of those systems actually are connected in any way. There's no double entry bookkeeping being done on this ship.

And you got to ask yourself who built that system and why and does that and that system needs to be rebuilt completely.

Yeah, no, it really is interesting. Let me let me play that clip for the audience if they haven't heard it, because it is fascinating.

One of the big biggest scam portholes we've uncovered, which is really crazy, is uh is that is that the government can give money to a so called nonprofit with with very few controls and then that and there's there's

Things, live like kings and queens. Yes, on the taxpayer done.

Correct, one of the biggest.

That was the wrong one. I apologize, but he later on in that clip, he goes on to explain that they have these fourteen magic money machines, and it's like it's like, well, I knew about the one it was called the Federal Reserve. I didn't know about the fourteen that you have.

On Well, yeah, it's funny.

I you know, we all complained about the Fed, and then there's like this treasury sent fourteen times worse, right, and then you know, and and and so there's a so you know, like again it's like at the wrong every time. It just seems over the last two years, two three years, at the wrong moment Thomas Massius stood up too like grandstand on the classic libertarian stuff and the way Ron Paul used to at the exact wrong moment in time when he was when he entered the

Rates as high as possible, as long as possible, to get rid.

Of fucking Jenny Yellen and and and the Biden hunt, Like are are you not getting it?

Folks?

And so I have to wonder whether you know, like at some point, you know, dude, I'm not here.

You know, I get accused all the time of having a massive ego. Maybe I do.

I don't give a fuck, but I know full well that I know what a massive ego looks like.

And you get into an ego fight with Donald Trump, You're gonna lose.

And you know, and I think we have to I've been arguing for years now that we are going to watch this play out in order of operations. That's gonna make us very uncomfortable at times. You you pointed out to the bombing of the bombing of the MNIS and everything else. I'm gonna throw this out at you. Who created the hoo thies, Who created Isis? Who created Hamas? Who created this? Who created that? We don't know, but we damn well know. Wait, we damn well know. No, no, no,

Threaten global shipping because that's what the houthis actually are.

Yeah, yeah, they work for Iran and again Iran. He's also made the point to Iran specifically, let's sit down and have a deal.

But but you got to keep in mind too. But just to interject briefly, because I mean, it was the it was the Obama administration in nine that that basically ousted salat or Sali. I've only ever read it. I don't know what his name actually is. Uh, they put his VP in there. Then there's this civil war. It's like it's like this is all this is all fallout

Oh no, I dude, Like I had to look in the mirror many, many freaking times to go out on that freaking limb knowing who I am. Right, Look, there's a fundamental difference between what I believe in my what my personal ethos is, and what the reality of the world that I live in is, and and and you know his libertarians, and I'm you know, I'm not quite ready to call myself post libertarian like some people.

But I can see the problem now of like.

I know what I believe in, I know what I want. I want to I want to live by the nonaggression principles. There's like everybody else. Really, at the end of the day, I think a lot. I think most people would prefer to live by that that ethos. But here's the thing. It's not a suicide pact. It's not a call to pacifism. You know the name of the blogs Gold Goats and Guns for a reason, Like, of course, right, we're libertarians.

You know what I mean.

Like, at the same you know, libertarian justice theories, I for two eyes and a little bit of scaring, and like this.

Is particularly freaking difficult here.

And I think that we sometimes, you know, and I get the trust issue because I have it.

Like, and I'm not saying.

You shouldn't you should trust Donald Trump to follow through on everything. I'm not saying you shouldn't be skeptical. Of course you should be skeptical, distrust.

But verify.

But at the same time, it means also taking the taking a setback every once in.

A while and going what's the true strategic play here?

And what is you know, you can have your you can have your feefees, and you should. But at the same time, you know, you should be trying to illuminate what you would think is the right strategy of going about this, because here's the thing I was thinking.

I literally was.

Thinking about this in preparation for this conversation because I wasn't sure, quite sure how it was going to go. And I was thinking to myself, I'm like, you know, we all lionized Ron Paul, and we absolutely should.

Ron's the same, He's a wonderful human being.

But at the same time, Ron was never in a position of real power to have to solve the problems that he identified. He was always in a position where he could be on his own holding up the principle because the principles were so far from everybody else that by him doing that was an illuminating process. It was a great thing for him to do. He created a

And so, in no way mannership or form am I trying to.

For a shade on doctor Paul what I'm saying is we never had President Paul.

We don't.

We don't think I think this, this is such, this is such an important point because you know, libertarians tend to just so say like, here's the I know, the libertarian one on one principled answer to everything. And I do know, I do know the one on one answer

Yeah. I don't think he is going to start a hot war with the Roun.

I think he's I think we're at the Let's watch his negotiations with Putin because ultimately Putin is going to have to step up to be the guaranteer of Iran's behavior. And I thought this for a long long time. And I think you know, the actions giving you know, fifth generation airframes to the Iranians to modernize.

Their air force I think is a very important point because.

Now all of a sudden, Iran can defend themselves against Israeli incursions into their airspace. Again, it's a counter move, right, And I don't see trump ammision about it, right. I see Trump saying Trump's big tweet that you put on truth social a couple of weeks ago about Iran. I think it was exactly the right tone to have taken. Look, we don't want war with you. We want you to

Right.

But it's not going to happen with everybody just saying, oh, you see, I'm going to like turn.

Into a pussy cat and go away. That doesn't work that way.

It's not gonna work that way with the Ron, It's not certainly not going to work that way with the who the Easer, with the remnants devices, or any of the other people that we've that we've radicalized in this respect, especially knowing full well that they can be re armed and reactivated by Europe. And I six like, if we don't take away the other sources of potential funding, then whatever we do, we can go yeah, I see, we

We printed that yesterday.

Here you go go blow up, go started, you know, go blow up a thing and and piss the Israelis off.

Like all of a sudden, it's it, you know, and and it doesn't end. I mean, I've been.

Watching the Israeli internal situation for years the same way I watched the British internal situations. Anybody noticed that every like every eighteen months the British have an election, and every eighteen months a couple of months later, the Israelis have one. Like Davos versus the British remnant is real both in the UK as it is is in Israel, and they map, and various factions map the different people. The French want access to Iranian Ron's oil.

That's remember. Go back to the j c p O A j c p O A sign, Go to.

My pillow dot com, use promo code lockdown and get you some cozy Uh. We're gonna have Tom Loong go back in here in just a second. But in the meantime, if you don't have the Giza sheets, if you don't have the coziest pillows in all the lands, if you don't have the smiling visage of Mike Lindell in your life, what the fuck are you doing? My pillow dot com promo code lockdown and he's back. That's how that's how you do a fucking Reid brother.

You get I get, I get passed from satellite to satellite on starlink until you get to like doing in the middle of I think what I was, I don't know where we lost obvious you froze at the j c p o A.

So what I was gonna say.

What I was saying was that when the j c p o A was signed, who was the first country to go in and sign a big deal with Iran oil deal?

Frank it was okay, took out.

They four point two billion.

I'll never forget a four point two billion dollar deal with the Totel was Who's the first person who had to sell their contract? Went from mixed it like three years later, Totel they had to sell to the Russians. They sold them wund up selling it to either GA. So they they don't have any collateral, they have any energy, they don't they they their machinations, Europe's maschinations and their fingers are all over the Middle East as well as the British And you have to realize that.

And that's part of the reason.

Why the classically you know, neo conservatives were so against the JCPOA. It was because it wasn't just because of you know, well, then it would keep allow Iran to continue getting a nuclear weapon.

It was about getting.

Iran the money from Europe who needed the alternate sources of energy because they wanted to go to war with Russia and cut off the Russian get the Russian pipelines. They wanted to replace those flows with pipelines from Saudi Arabia, Iran, YadA, YadA, YadA, and through Turkey and into the southern Europe and then cut the United States out and cut the Russians out, and you know, and as well in many ways cut the British out because now they would be the king makers in the region.

And it would also send the money.

I would also allow the money to flow in supporting my now that I think about it, supporting the point in it earlier that if we pull out, then Europe will just turn right about right right around, and you know, and support Hesboala or the who'sies or whomever.

So you've got to get rid of all of.

It, you know, And the way you do that is by drying up the insane amounts of money that we've been sending around the world. Through proxies and then and and drop and dropping into Europe and in Canada and other places.

It just needs to end. We need to pull back.

If we do that, then we're gonna we're gonna get much closer to what the libertarians, the classic libertarians actually want.

But that may mean that may.

Mean a war in some way against proxies for the next year or two.

No, it's it's true, It definitely could. And I think what concerns me is that, you know, Trump's rhetoric is fairly anti war ninety five percent of the time, and then five percent of the time it's like, I'm gonna fucking blow you to smithereens. And you know, I do understand the chartenistic type of diplomacy that he does, and I don't. I've also given him tremendous amount of grace

That's a good question, and I don't know. I'm going to cop to I'm gonna cop to you. I can construct versions of reality that are equally plausible. Yeah, on all sides. Whatever, whatever you want to come up with, I can come up.

But I don't think me too.

I don't think that.

It's so it's so hard to read that because it is especially you know, if your hypothesis is right, then it's like, well, I have a whole list of countries that could be behind trying to take you out Trump, and Iran's not at the top of that list. Uh. You know, it's on the list, but it ain't at the top. So it just you know, it's interesting.

Yeah, And know what I was saying is it's it's funny. It's like, I mean, how much is he you know, he wants to deal with Iran and Israel? And so you know, I can see him knowing that it was somebody else, and then I could see him using that, you know, using the convenience story of it being Iran that way. I mean, he likes to quote the numbers that the fake numbers about how many people the Russians have lost as well. He does it why for rhetorical reasons?

Yeah, yeah, Well, I mean I think I think that your hypothesis is very very interesting, and I think we're going to find out if you're right over the next year or two. And I'm very interested to see. The one pushback I would have on the Massy case is that, like, sure, I think that there's a decent chance that he's he's kept at arm length and he doesn't have a fucking clue what you're talking about. And and he's I mean, because like Massy is maybe not in finance, but in

Fair enough, And that's fine. I'm just I'm I'm you know, it's funny. I'm just at the point now where I just so distrust like I don't even trust Hovy real, like I never trusted the BAK. I don't trust me, you know, I don't trust any of these guys. And I and you know, maybe mass is on the outside.

And that's possible to I mean, he is a politician, So like I'm not gonna I'm not gonna assume that he's he's pure as the driven snow or anything, but I just you know, if he is playing the game, if he's playing the politician game to play the outsider, to get popular support while he's doing it smart because people like, yeah, he's he's had people like me running

Well they got any other thing is remember that you're dealing with Donald Trump and he's still treating the Desantas team like a bunch of fucking traders, even though DeSantis is one of his best allies and he's done everything imaginable since then to support everything he's done so far at the state level that you know Trump is doing at the UH at the national level. I don't think

That's on Trump. You know, that's on Trump. And you know, and to the Conservative Treehouse, the Sun Dance Group.

You know that that he's a you know that that he's a bush plant of this and that like you know, go fuck off, like you know nothing about part of politics.

You never have.

And you know, the truth of the matter is is that we have a real problem that we have a snake in the garden in the Trump administration. It's Susie Wilds and you know, and and that's the again, this is not for me really Why she's she's a very important person. She fucking hates the Santhus and so she keeps that stuff, she keeps that antipathy alive. And now you've got to ask yourself the question why, and who's she working for you know.

Interesting, Well, mister long Ago, thank you again. We had another another ninety minute foray into very high level shit that I think eighty percent of my audience is going to be googling just as fast as they're listening to figure out what the fuck we're talking about. But I enjoyed it tremendously. Go ahead and tell people where they can follow you and support your work.

Hey, you can.

You can follow me on Twitter at TfL seventeen twenty eight, which is where the worst version of me, a worst version of this one, will show up every fucking day.

You can.

You can sign up with Patrion of patron slash Gold Coats Guns. We do monthly newsletter, we do twice. We can be market reports and private blogs, and I have a private discussion forum and all the rest of it for the patrons. And of course you can go over to Tom will Longo do I may or Goldcoats and Guns dot com, which is where the podcast gets posted and variety by the things, and if I ever decided to write anything public ever again, it'll show up there.

You and me both. There's no shortage of things to cover and things to do right now. But it is a very interesting time to be alive. And I will be the first to say I hope you're right really funny.

Too, because I'll be honest with you.

I just get up every morning, I a little bit of a smirk on my face and go, you know what it's like, you know, another day in trumps New America. Whatever that fucking means, I don't know, but right now I'm enjoying the ship out of it.

Yeah, me too. I mean it is super interesting and I think whatever it is, it's going to be an inflection point for human history. It could not be more important. And I'll continue to get to bring you guys the late on my read of things. And if you want to support my work at liberty lockpot on X you can subscribe there. I'll follow you back. Liberty Lockdown is the show. Make sure you shared it around. Don't even

Welcome, tune liberty lockdown pleas on your plot home, your liberty ain't come.

But yeah, it's on holl It's where did it come from? And where did he