Tom welcomes back the other Tom to the show. Please welcome, Tom Luongo producer of the Gold's Goats and Guns blog and podcast. Tom is also an editor at Newsmax and a regular contributor to the Financial Intelligence Report.
Palisade is also on Odysee https://odysee.com/@PalisadesGoldRadio:c and Rumble https://rumble.com/c/c-1586024
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Tom explains how Russia's operation in Ukraine has been fairly impressive given the minimal amount of forces they have allocated. Russia is fighting a fairly inexpensive artillery war, and Ukraine is a huge country. Russia wants to leave Ukraine in a position where they are incapable of threatening them again. Much of Eastern Ukraine is historically Russian. Ukraine has been outlawing the Russian language to create conflict since 2014.
The visit by Pelosi to Taiwan was intentional to gauge the response by China. China's response was limited, and cooler heads seem to have prevailed. The U.S. appears to be taking a similar approach to that of Ukraine, as to gradually build up pressure on China.
Tom believes there is a confluence of events happening in late September. There will be referendums in liberated parts of Ukraine to become part of Russia. The FOMC is meeting in late September and quite likely will bring a surprise rate hike. There are also elections in Italy which may take them out of the European Union.
Tom explains the geopolitics between Europe, the United Kingdom, and the United States. American influence in Italy has been putting pressure on them to leave the union. The U.S. banking system has largely isolated itself from the impacts of the European system.
U.S. banking interests appear to be in direct conflict with old European interests. There is no need for commercial banks under Davos desire for Central Bank Digital Currencies. These currency systems will give those that in charge an abundance of control.
The E.C.B. is capable of going bankrupt, unlike the Fed. The Euro is badly designed, perhaps intentionally. The E.C.B. needs a higher gold price because that's the only asset on their books that has value. By raising rates, the Fed can force a sovereign debt crisis on Europe. Basel III rules are all about doing away with the derivative paper markets to improve the physical spot market. The Fed doesn't want the dollar compromised by higher gold.
Tom believes the Fed will eventually bring rates up to six percent. There will be massive capital flows into the United States. Europe is going to have major problems, and with any luck, the Davos crowd will soon be gone.
Try and be flexible and keep in mind how the state of the game can change.
The goal is survival as these giants play, and gold is just a part of that equation. We all want to get through this the best way possible.
Time Stamp References:
0:00 - Introduction
1:50 - Russia's Objectives
9:36 - Eastern Ukraine
14:53 - Taiwan & Pelosi
18:45 - A September Confluence
22:58 - European Politics
30:25 - U.S. Vs. Davos
35:15 - CBDC's & Control
44:00 - Capital Flight & Gold
50:00 - U.S. Bank Isolation
1:00:08 - Fed, Debt & Gold
1:07:48 - China & the CCP
1:10:37 - Ind. Metals & Inflation
1:13:02 - Confidence Wars
1:17:40 - The Goal is Survival
1:22:35 - Wrap Up
Talking Points From This Episode:
- Russia's goals in the conflict with Ukraine.
- Multiple events are going to make September an interesting month.
- U.S. Banking interests, the dollar, rates and the impact on European interests.
Guest Links:
Website: https://tomluongo.me
Twitter: https://twitter.com/TFL1728
Patreon: https://www.patreon.com/GoldGoatsNGuns
Tom Luongo is a Former Research Chemist, Amateur Dairy Goat Farmer, Anarcho-Libertarian, and Obstreperous Austrian Economist whose work can be found on sites like ZeroHedge, Lewrockwell.com, Bitcoin Magazine, and Newsmax Media.
Professionally, he has spent a lot of his waking hours inside various analytic laboratories testing your water and soil for contaminants. He watched an industry be created by government fiat and destroyed in the same manner.
Then he spent 5+ years solving the puzzle of an electroless Nickel-Boron coating that has intriguing wear-resistance properties. Too bad, the coating was better than the company's business model.
Today, he is the publisher of the Gold Goats ‘n Guns Newsletter, in which he attempts to connect the false narratives of geopolitics to viable long-term investment theses.
As for politics, his position is well-known through his past writings at Lewrockwell.com, Seeking Alpha, and the aforementioned erstwhile blogs.
He built the house he lives in and raises goats and milks them.
In short, he says, "I'm a libertarian who distrusts all human organizations larger than a two-handed game of poker."
Lastly, He states, "I own a few guns."
#TomLuongo #Russia #Ukraine #Pelosi #Taiwan #Italy #WEF #Fed #ECB #Euro #Rates #Repo #Eurodollar #Confidence
Tom welcomes back Gareth Soloway, President, CEO & Chief Market Strategist for InTheMoneyStocks.
Gareth discusses how institutions are often invested in the latest hot thing. They are now in oil, and we're likely to see further downside in oil. Funds are continually looking for the next thing to rotate into, and now we're back to tech stocks. Later in the cycle, we will get to a panic point. Sometimes being in cash is the best place.
The bottom will be in when we reach the acceptance step of the grief stages. When everyone is frustrated with markets, you will recognize the bottom.
We're currently hovering around the 2017 high for Bitcoin, and we will probably see 25k in a rebound. There are many similarities between crypto and the dot com bubble. We need to see 80-85% decline, as there are far too many other coins.
When everyone is calling a bottom usually means we haven't reached that point yet.
Gareth believes the Fed will change policy when unemployment rises significantly. The Fed will then be caught between inflation and unemployment, which will steadily worsen. We could quite possibly see a depression scenario by 2030.
Bond volatility is indicative of markets that are dealing with something serious. Keep in mind, when there is turmoil in markets, there is also opportunity.
Time Stamp References:
0:00 - Introduction
0:35 - Institutions & Oil
4:00 - Grief Stages
5:03 - Bitcoin
10:56 - Fighting the Fed
14:00 - Unemployment & Inflation
15:19 - Bonds & Volatility
17:23 - Fed Funds & Dollar
19:28 - Euro Weakness
20:40 - Turmoil & Opportunity
21:38 - The Dollar & Gold
23:18 - Trading
24:13 - Russian Ruble
25:20 - Wrap Up
Guest Links:
Twitter: https://twitter.com/GarethSoloway
Website: https://inthemoneystocks.com/
Website: https://verifiedinvestingcrypto.com
Blog: https://inthemoneystocks.com/author/gareth/
LinkedIn: https://www.linkedin.com/in/gareth-soloway-60827953/
2008 Video: https://youtu.be/xxdP5xWIMkc
Chief Market Strategist Gareth Soloway has been an avid swing and day trader since his days at Binghamton University, where he studied Economics. After college, Gareth quickly excelled as a financial adviser, but his heart was always in swing and day trading. He had this long-standing belief that he could help investors make more money by advising them on shorter-term investments (holding a stock for days to weeks) than the buy and hold crowd who lost 50% of their money during every market collapse. "Why not profit during the bear markets just like the bull markets," he said. So while helping others gain financial independence during the day, he spent his nights studying charts and price action, developing a unique market trading system that put his profits on a rocket ship. Some nights he would barely sleep when he found a new technique that was proven, once back-tested.
After building his wealth through trading in 2004, he left the financial industry to trade his own money and study charts and technical signals. This was when he met Nicholas Santiago. The two top traders spent days trading stocks/futures together, and nights putting their collective brainpower into the pure genius that would become the PPT Methodology.
InTheMoneyStocks was launched in 2007 once the PPT Methodology was perfected. Gareth's goal was to help average investors beat the best hedge funds and traders on Wall Street by teaching them the methodology and giving them his trades as he took them LIVE!
Since 2007, Chief Market Strategist Gareth Soloway has maintained an over 80% success rate on swing trade alerts (verified 300+ trades per year) given to members in Verified Investing Alerts (formally named the Research Center) and a confirmed 94% success rate on day trades in the Live Day Trading Chat Room. He has given lectures at colleges around the United States, been asked to train hedge fund traders in other countries, and taught thousands of investors how to invest and trade profitably, achieving their dreams of financial independence. He lives life to the fullest and puts his heart and soul into teaching his members who come willing to learn the PPT Methodology.
#GarethSoloway #Oil #Tech #Bitcoin #Fed #Inflation #Unemployment #Bonds #Dollar #Gold #Russia #Ruble