September 15, 2025 • 32 mins
Kerry Lutz introduces first-time guest Tom Luongo, who pulls back the curtain on the influence of colonial banking elites and their grip on global finance. He explains how nations like Russia are pushing back, reshaping the balance of power. From Fed policy and looming stagflation to gold’s breakout past $4,200, silver’s volatility, and Italy’s surprising safe-haven role, Luongo breaks down the forces driving today’s markets. The discussion closes with a sharp look at digital censorship and Big Tech’s hidden ties to intelligence, as Kerry reveals his initiative “Operation Algorithm Assassin” to fight back. Find Tom here: https://tomluongo.me Find Kerry here: http://financialsurvivalnetwork.com/ and here: https://inflation.cafe Kerry's New Book “The World According to Martin Armstrong – Conversations with the Master Forecaster” is now a #1 Best Seller on Amazon. . Get your copy here: https://amzn.to/4kuC5p5
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Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
Which I would describe as deflation or the attempted deflation
of credit based assets and the rise and the inflation
of commodity based prices.
Speaker 2 (00:09):
So you're you're going to see things.
Speaker 1 (00:10):
That are that are driven by you know, large moves
and credit that are driven by large credit impulse, housing,
you know, cars, you got all those prices are going
to be coming down where at the same time, we're
going to see, you know, the during the reorganization of
the economy, we're going to see an upward demand put
on strapped commodity supply chain. So we should see commodity
(00:32):
price inflation and credit asset based deflation. That's the way
I think of stagflation.
Speaker 3 (00:37):
You're listening to Carrie Let's's Financial Survival Network, where you
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(00:59):
Network now more than ever.
Speaker 4 (01:05):
And welcome you are listening to and watching the Financial
Survival Network. I'm your host, Kerrie Letz got a special
guest for you today, someone who is very steeped in
the understanding of the economy, of global power, structures of
the rivalries that are taking place now, both economically politically geopolitically.
(01:30):
His name is Tom Luongo and you find him at
Tom Luogo. That's t O M l u O n
g O dot n E. And this blog is gold,
Goats and Guns, and Tom, I know you have experience
with all three. You started out life as a chemist
(01:51):
and now look at you.
Speaker 2 (01:52):
Well, you know now I'm just fifty seven and cranky.
I got this good. So it says like after years
of all of it, you know, what are you gonna do?
Speaker 1 (02:01):
Like you just watch the world do watch the traffic
splash by geopolitically and you're like, how can you not
be cranky?
Speaker 2 (02:06):
Right? So thank you for Kerry hey hey.
Speaker 4 (02:08):
So yeah, Well, as we get older, our filters tend
to dissolve, right, And we're much more likely you are
and I am to actually say what's on our mind
without a lot of buffering and a lot of backtracking.
Speaker 2 (02:26):
Right, Yeah.
Speaker 1 (02:27):
I mean it was funny when I first went to
work for Newsmax back in twenty thirteen, very early on, I.
Speaker 2 (02:32):
Called the EU the Fourth Reich.
Speaker 1 (02:35):
My editor kind of looked at me and went, you
can't say that. I'm like, but it's true, Like, but
you can't say that. I'm like, Okay, I'll be right
about that eventually, just so you edit what you edit
out what you need to edit out. But I you know,
the draft still went in calling me you the fourth Reich.
So you know, I've never had much of a filter,
Caerry to be honest with you. It gets me in
(02:57):
the trouble more than anything else. I'll be honest with you.
From about the time I'm nine years old, my dad
looking at me, going, son, your mouth is going to
get you into a lot of trouble in this life.
I'm like, yeah, Dad, Oh well, I don't want any
other way.
Speaker 4 (03:12):
To be so exactly my story here, but maybe a
little more diplomatic than yourself. So we talk about hidden
factions and global finance rival back banking factions.
Speaker 2 (03:27):
What does that mean exactly? And who are these people?
Speaker 1 (03:30):
Well, you know, let's start with the you know, the
big question is and this is something that they do.
I cover a lot with my good friend Alix Kraner
when we do podcasts together, which is that over time
we've just come to like when we watched the I
didn't come to this conclusion yesterday or the day before.
It's been building as a kind of an evolving thing
over the last you know, or twenty years of my life.
(03:50):
But reality is that there's this group of global as
you want to call them Davos, you want to call
them the City of London, you want to call them
the Row Trials, you call him whatever you want, with
all reflections of the same thing, which is the old
colonialist banking powers of old Europe that you know, have
nominally set the direction for the global economy for hundreds
(04:14):
of years. And you know, it just morphs and changes
over time, and and we we see reflections of it
as we move along. So we're at a moment. I
think we're at a very interesting moment in time over
these these centuries where they've unfortunately for them, had to
cut so many other people in on the grift that
(04:36):
now those people are strong enough to say, you know what,
we don't want to live like that anymore. What I
mean by that is that you look at the United States,
you look at China, it's very obvious that at some
point that they decided to take when during you know,
the periods being World Wars One.
Speaker 2 (04:52):
And World War Two.
Speaker 1 (04:53):
They moved all their capital into the United States to
build it up into an industrial powerhouse to then fight
World War Two, and the goal being of course to
destroy the Russians and and and all of that. And
then in the aftermath of that, we then wound up
with an industrial powerhouse in the United States. But amazingly,
(05:13):
we went from a non interventionist foreign policy, not much
those central bank, no no foreign policy to speak of
in the nineteenth century, and now by the end of
the twentieth century it adopted Britain's foreign policy, Britain's monetary system,
Britain's tax policy, Britain's this, Britain's I mean, it's all
the same thing. We are indistinguishable from them, and we've
embraced empire.
Speaker 2 (05:33):
Now.
Speaker 1 (05:33):
I used to be one of those critics of the
United States, is the American quote unquote imperial system. I
still am, but I also realized that it's not really
our doing. So the goal then, in my mind, was
that what they would do is they would use the
United States like they always they go into a place,
their locusts. These people they're not they don't build things.
They only build something up in order to strip mine
(05:55):
it later. So that's the colonial's mindset, doesn't matter if
it's Africa or the least, or Canada or the United States.
And then once it's done and they've they've used, they've
used it up, they then take all the money that
they've stolen and they move it somewhere else and they
go strip mind that place. And clearly that place was
supposed to be China, and they put all their money
into China in the nineteen nineties and early aughts and
everything else. And then they were looking at pull the
plug in the United States two thousand and eight financial
(06:17):
crisis forward zero bound interest rates to fill preserve all
of that stuff that we all lived through. And funny
thing happened on the way to that liquidation. The Russians
refused to be liquidated. They've brought brought Vadimir Putin too
power in two thousand and they stood up and said no.
The Chinese eventually brought Cheese and Ping.
Speaker 2 (06:38):
To power in order to cut the old.
Speaker 1 (06:40):
Ark control out of the nass and old Ark community
in China out.
Speaker 2 (06:45):
That's why she was brought to power.
Speaker 1 (06:47):
And you know, by twenty sixteen, we got the end
of of the Obama administration, and the American people said,
do you know what this guy Trump, We're going with
him because these other people, we don't want to live
under like this anymore. So the dual moment of break
in the UK and the election of Trump in twenty
sixteen was really the moment that six month period where
their whole model kind of started to collapse. And that's when,
(07:09):
you know, I was at that point, right around that
point that I was. I finished my first sent with
Newsmax and I had to go independence. When I started
Gold Goats and Guns in twenties, UV Andean a little
freer to be able to talk just you know, news
Max has their editorial bent, and you know, I have
to respect that they're the ones paying the bills. And
it wasn't all it wasn't a big ideological divide. It
was just there's certain things I wasn't really all to
(07:30):
talk about, which is fine. But you know, once that
once that started, you started to see the once breaksit
and Trump occurred, you saw the big mask off moment
really begin or you started to see these people have
to come out from behind the woodwork and out themselves.
Speaker 2 (07:46):
As no no, no, this old rules base order, this
is all US. It's not the United States.
Speaker 1 (07:50):
But they have tried to blame the United States for everything.
So and you and you saw this, you know coming,
and so now we have a real functional I think
we have a functional split. By the end of the
time we get to the end of the first Trump administration,
I think it's becomes very obvious that Wall Street and
City of London are not on the same page anymore.
(08:11):
There's aspects of Wall Street that are still embedded with
you know, old City of London, Europe, whatnot, Luxembourg, all
of that, but there are other aspects of Wall Street
that are not down with that at all.
Speaker 2 (08:22):
And in my mind, and I've talked about.
Speaker 1 (08:25):
This and you know for years now, it feels like
here's that it was the implementation of the security overnight
financing rate by the Fed during the first Trump administration
that began the process, so that by the time we
get to powell second term, he starts raising interest rates.
He's got he's changed the dead indexing rate of the
(08:45):
United States away from a City of London focused live
or to a US repo domestic repo market focused collateralized
rate known as Sofur and that has changed the dynamics
so that now for the first time, literally two hundred
and fifty years of the United States as a country
having control over the wris own monetary policy. Because even
previous to the Central Bank, previous to the Federal Reserve,
(09:08):
the trade flows between the US and Europe were so
imbalanced that they were, you know, under the old gold
standard that was still being manipulated by you know, our
politics and our and our banking system were absolutely being
manipulated by you know, that those imbalances and our politics
were being manipulated by those in balances. And I've come
to understand this solely as I've gone down this rabbit
(09:29):
hole over time.
Speaker 2 (09:30):
I have traced all this stuff.
Speaker 1 (09:32):
I've talked to people, you know, I've talked to a
lot of people over the years who have pointed me
in the right direction, and it's kind of synthesized all this.
So that's where I think we are now. I think
we're really at this kind of divorce moment. And you know,
I've said this a few times in my.
Speaker 2 (09:45):
Life, and I'll say it again here. I'll reiterate it here.
Speaker 1 (09:47):
Is like it reminds me of the an interview given
by an old Chinese foreign minister back I think it
was during the Vietnam War, he said, you know who.
They asked, He's like, what do you think of the
French Revolution? And he said, well, it's too a real
way to tell. And I kind of feel the same
way now about the American Revolution. It's it's still ongoing.
It's been ongoing for two hundred and fifty years, and
(10:08):
we're getting very close to that divorce moment. And everything
that we're seeing in the geopolitical space, everything, all the
all the conflicts and the and the culture war and
the immigration and this, it's all reflection of this of this,
you know, attempt by the United States and other countries,
(10:29):
Russia and China in particular, to divorce themselves in the
old European colonial system. And it's, you know, it's why
they hate Trump because Trump clearly we saw this, you know,
in his own way, you know. And I don't say
that the try Donald Trump of twenty fifteen or twenty
sixteen understands the game like he does today in twenty
(10:49):
twenty five. No, he made a lot of mistakes in
this first term, and it was very easy for him
to be be marginalized. It's very easy to go look
back on that and go, yeah, but Trump was ineffectual
in this first term because he didn't you know, you
need anything done. Well, I agree, but you know it's
like everything else, people learn and evolve and change as
they have to go through and fight. You know, this
(11:10):
this process is war. And then he literally has been
fighting war against these people. So that's what I that's
where I think the game board lay is now, and
it really is Wall Street versus for lack of a
better term, city of London. And you know, and when
you kind of view it from that perspective, and again
(11:31):
you don't have to agree with me, but at the
very least entertain the idea and then start looking at
the game board and start looking at the way people
are moving, and you're like, maybe there's more validity to
that than it sounds off the you know, you know,
off the coffin is the first time you and I
have ever spoken. I've been saying this stuff for years now,
but you know, it's one of those things that when
you know, when I come to a different audience, I
have to kind of go back through all the the
(11:53):
to go kind of back over the primitives of where
I've come from. Uh, in that journey, it's it's it's
a important Ultimately, I'm trying to shut off a hold
on just a second, be shut this down so it's
not making any noise.
Speaker 2 (12:06):
Uh you go.
Speaker 1 (12:07):
Away, Yeah, okay, there you go, Sorry about that. That's
you know that you see it that way, right, and
then once you start to like, once you start to
see it that way and you start feel like fill
in the bits and pieces, all of a sudden, you're like,
that has more predictive power, That has more explanatory power
(12:29):
than the old model of Well, it's just the evil
United States Empire of chaos running around the world like
like Rambo without a drogstrap, trying to you know, defend
the dollar. That story is really played. It's it's got
some truth to it, but it's also not the only truth, right.
I Mean, the world is deed allarizing, the world is
breaking up into regional economic blocks. But I don't think
(12:50):
the United States, like, I don't think Trump is fighting that,
to be honest with you, I think what he's doing
is just negotiating how much of the pie he's gonna have,
We're gonna have once the divorce decree is completed, and
that's a.
Speaker 2 (13:03):
That's where I am.
Speaker 1 (13:03):
And hopefully we bankrupt the old European system of child
trafficking and drug running and regime change wars and all
the rest of it, and you know, we we move
into a different age where that's a far less prevalent
part of our politics and part of our national politics
for our geopolitics, and with any luck, that's what we'll
(13:25):
wind up with and we'll leave the world with at
the end of this period of history.
Speaker 2 (13:29):
That's what I think is that's.
Speaker 1 (13:31):
What I hope for sor right here we arguing sadly
in the day after Charlie Kirk got shot, like he's
going to wind up being either a martyr or a flashpoint.
Speaker 4 (13:40):
So this entire process, we're both so getting back to calls.
You know, we're both the good friends with Martin Armstrong
and you know this book with him, The World according
to Martin Armstrong. So you had some forecast of your
own the percent.
Speaker 2 (13:59):
Rate and gold going way higher. Where are you with
what you're.
Speaker 4 (14:06):
Looking towards into the future.
Speaker 1 (14:09):
Sure, so I go back and remind everybody that you know,
again there's I'm not like busting my hand, patting myself
on the back or anything. But back in twenty twenty two,
I said, if I'm right about Powell being, you know,
trying to drain the world, if to drain the off
four dollar system, of the euro dollar system of all
of its liquidity, this post COVID liquidity and honestly the
(14:31):
posts zerp and nerp yeers of liquidity, then he's going
to raise interest rates hard and we're going to find
out under saufur just how much the United States economy
can handle relative to the rest of the world of
global economy. And we found out, I said, you know, flippantly,
and like back in early twenty twenty two, when I
get fire Powell, I'd raise race to six percent. Well,
(14:52):
he got the five and a half right, and he
held him there for over year five and a half
and I was kind of impressive. And now we're here,
we are four and a half percent. We're week out
from the next FMC meeting. The CBI just came out
hot this morning, and I look at you know, where
we've been, and we've been in a kind of commodity
cost push environment inflation wise, since you know, power sort
(15:14):
of braising rates, and that's just kind of tied to
the price of gasoline. You know, the change in gasoline
relatives to the change to the directional change in the
price of gasoline on a month to month basis correlates
very nicely with a four month overall change in the CPI.
Interestingly enough, today we finally got like the first real
data point where the two are moving in the opposite direction.
(15:35):
If you dig into the CPI numbers, you'll see that
all these data centers for AEI are starting to come
online and electricity costs are dominating. Gasoline prices are down
six point six percent month year over year, but electricity
costs are up thirteen percent. You know, other energy, natural
gas prices, pipe gas or energy prices are up by
eight percent, blah blah blah blah.
Speaker 2 (15:54):
And so that's what contributed to this.
Speaker 1 (15:55):
We might be getting into an area where gasoline and
UH inflation see as measured by the CPI, are starting
to shift.
Speaker 2 (16:03):
Now what does that mean.
Speaker 1 (16:04):
It means that we may be and I will need
a couple more months worth of data on this, but
we may be in a moment where we're starting to
either move into a real honesty, got stagflationary environment, which
I would describe as deflation or the attempted deflation of
credit based assets and the rise and the inflation of
commodity based prices.
Speaker 2 (16:24):
So you're you're going to see things.
Speaker 1 (16:25):
That are that are driven by you know, large moves
and credit that are driven by large credit impulse, housing,
you know, cars, all those prices are going to be
coming down, where at the same time we're going to see,
you know, during the reorganization of the economy, we're going
to see an upward demand put on strapped commodity supply chain,
(16:46):
So we should see commodity price inflation and credit asset
based deflation. That's the way I think of stagflation. That
may be one scenario. The other scenario is that Trump
is at is that we've actually gone through the stagflation,
which I mean again, and I'm just throwing an idea
out here. I'm not telling you what I believe. I'm
saying these are the two environments. Or we've already been
through most of the stagflation, and we're getting ready in
(17:08):
Q one or Q two of next year to put
move into a demand pull environment where demand really is
going to start pulling prices higher, and once that happens,
traditionally there is no correlation between the price of gasoline
and CPI inflation because they don't correlate directly to They
don't correlate directly at that point because the demand for
(17:29):
money is and demand for credit are.
Speaker 2 (17:32):
You know, they're just.
Speaker 1 (17:33):
They're not tied to, you know, whatever the price of
the pump is, because people don't care.
Speaker 2 (17:37):
They're making money.
Speaker 1 (17:38):
They'll they'll pay whatever they want the price of gasoline,
so pricey gasoline can fluctuate, and you know, CPI inflation
will do whatever it wants.
Speaker 2 (17:44):
And you can see this clearly in the data.
Speaker 1 (17:45):
If you take that basic study that I've been using
now for a while, and you go back and you
chart at like, you know, eight, nine, ten years, you'll
see periods of commodity cost push inflation, you know, tie
the CPI and gas together nicely, and then you know
periods you know when we're not there, something that completely different.
(18:07):
So what do I see for right going forward to
finish answering the question, is I expect the FED to
cut race. They'll probably before the CPI print. I was
fully on board with a fifty basis point cut.
Speaker 2 (18:19):
Next week.
Speaker 1 (18:20):
Why because I was still thinking, well, you know, gaslink
prices last month, we're down. Therefore, the CPI is going
to come in weaker than expected. Therefore, with that, plus
all the labor data that's coming out, the labor revisions,
Powell's going to you know, and him changing and get riding,
getting rid of the two percent inflation targeting mechanism. That
he's probably going to cut fifty and do exactly kind
of what he did last year. Cut fifty, then twenty five,
(18:42):
twenty five coming into the end of the year, maybe
cut one more time in March before or February, before
he leaves, exits the scene, let somebody else take over.
Now I'm thinking he's probably only going to go twenty five,
you know what I mean, And that should be your
base case. If you surprises everybody with fifty, that'd be interesting, right,
(19:02):
But I think twenty five and then maybe we'll see
a fifty later on. Again, it all depends. I think
it depends. Remember, the Fed likes to look at.
Speaker 2 (19:09):
The PC deflator.
Speaker 1 (19:09):
They don't necessarily look at the CPI, but they kind
of do look at the CPI. So and we'll see
what happens when the PC deflator comes out. But that's
about where I am there. And then for gold, gold
just broke out of a four and a half month
basing pattern and we've got geopolitical tensions rising.
Speaker 2 (19:28):
This is a This is like cribbing directly from Martin
arm Fruyk.
Speaker 1 (19:30):
Marty and I talked about as many times as we
agree that gold, you know, likes to move on, you know,
like gold likes to move higher on geopolitical.
Speaker 2 (19:39):
Risks, and then bank that that move higher.
Speaker 1 (19:44):
Because of higher anchored inflation money printing that happened because
of geopolitical risks. Yeah, the fact, you know, geopolitical risk
sends gold higher, and then gold holds onto those gains
once we have to deal with the inflation that came
from all of the the money and the political shnanigans.
And that's kind of how gold goes. So I so
look at this, this breakout here in gold. It is
(20:07):
just getting started. I can see a move here between
now and the end of the year to forty two
forty three hundred dollars now with very little problem. Of course,
I can see them trying to put the kabash on
it and stop at four grand. But let's I think
forty two to forty three hundred on an overshoot and
a potential panic cycle before the end of the year.
That makes some sense, especially if we start to really
(20:28):
see a Sopoware deck crisis emerge in Europe and or Ukraine,
and you know, somehow something happens in Ukraine that escalates
things another level. So that's what I'm saying for those
two things, That's what I'm saying.
Speaker 4 (20:41):
So silver, yeah up big. We're talking forty one and
a half bucks. And now it's is silver gonna dramatically
outperform goal?
Speaker 2 (20:53):
Not right yet?
Speaker 1 (20:55):
I still remember Kerrie, I'm I'm a really big advocate
of the idea that's so has to now prove itself
that it's a monetary metal and not an industrial one.
And so because of I look at the price of silver,
and I see the volatility and silver I see the
way trays and the thing else.
Speaker 2 (21:09):
I'm not saying.
Speaker 1 (21:10):
I'm not against silver, mind you doing the same thing,
But I see silver similar to the way I see copper.
Copper got I see you know, everybody calls it doctor
Copper because it's a nice leading indicator of the change
in the industrial economy. The base load for need for electricity. Well,
I think silver is the it's kind of doctor silver
for technology because silver is so necessary for so much
(21:33):
of the technology that we all, you know, live with
on a day to day basis that you know that
demand is so strong that looking at silver as the
leading indicator for the technology economy versus the industrial economy,
and you know, knowing that there's not a lot of
monetary demand for silver, this and this is born out
(21:53):
over time when you look at the gold of silver
ratio and then I have this, I have a I
have a thirty year chart something like that amost thirty
year chart of the price of silver monthly closing price
of silver and silver to gold ratio over time, and it,
you know, does this. But the slope is upward. The
ratio is upward. It was in the fifties, back in
the nineteen nineties. Now it averages. Now, it oscillates around
(22:16):
eighty eighty two, and it's continuing to go higher. Now,
at some point gold gets too expensive and the gold
and silver ratio is insane, or it might you know
that that may change, but as of right now, you know,
this is one of those things you that upward slope
of the gold and silver ratio. And the farther it
gets away from natural abundance ratios, the more you have
(22:37):
to see gold asserting itself as a monetary asset, silver
asserting itself as an industrial asset.
Speaker 2 (22:45):
And you know, and you know when the silver the
gold ratio.
Speaker 1 (22:49):
Relative to the current set of opinions about the two
metals gets out of whack, that's when you see silver
catch up the gold or gold catch up the silver
and the peak and the troth and the goals of
silver ratio is always tied to some major geopolitical event.
That's the other thing I you know, I have also
another tendency now is is just like look at certain
(23:11):
important markets like bond spreads between say the United States
and Germany, or or the goal of silver ratio or
something along those on. And this starts sitting back and
going and looking at the timing and going, oh, look
on that day, that was the day of the Bank
of Japan, you know, killed the the again and carry trade.
And that's the day that you know, Biden crapped the
(23:31):
bed at the at the debate versus Trump, and that's
the day that you know, Liz Trust was deposed as
and was opposed.
Speaker 2 (23:39):
As the Prime Minister England.
Speaker 1 (23:41):
And it's said very Martin Armstrong kind of an analysis,
but I don't have I don't use cycles to do this.
I just look at the historical data over and look
at very important markets and then just kind of tie
them to important events and then you know, and use
those as kind of signals that maybe things are getting
out of whack. One of the interesting things that I've
been looking at recently is the ten year Italian German
(24:03):
bond spread, right, because Germany is nominally the safe haven
asset of Europe, right, and I've been charting it versus
the US.
Speaker 2 (24:13):
I've been turning the US.
Speaker 1 (24:14):
German ten and two year bond spread on a day
to day basis for like five years. So it's kind
of an obsessive, compulsive thing, and you know it is
watching it because you can watch how Christina le Guard
at the ECB has been kind of trying to maintain
credit spreads in order to keep the interest rate derivative
markets from exploding and then taking all the banks down
makes perfect sense, and it's also a measure of safe
(24:35):
haven status of what does the world think, what is
a more powerful safe haven asset, Is it the US
treasury or is it the German bund You know, it
gives you a kind of a look a snapshot of
where global capital's head is as to where they what
they think of the political stability of Europe versus.
Speaker 2 (24:56):
The United States.
Speaker 1 (24:57):
Well, then when you go one step further, interestingly, over
the course of the last year, since it became obvious
three year and a half that Donald Trump was going
to become president, the German Italian bond spread or the
Italian German bondspread has collapsed. And where you know, Italian
debt was trading at like one hundred and sixty hundred
and seventy basis points higher than you know, German debt
(25:18):
at the ten year benchmark level. Now it's like eighty
basis points, right. But every time there was a spike higher,
it was tied to some big event. And I know
like twelve of them that came out of this and
they were all, you know, something happened, a major event happened,
and Christill le Guard at the ECB had to furiously
(25:39):
scramble to hold German button price, you know, the prop
up German button prices, and thereby you know, blow the
spread out versus the Italians, and then it would immediate
and then once we were past that, they would, you know,
the the downtrend would continue. What this means, the overall
trend is is that Italy is being moved into the
(25:59):
position to become the safe haven asset of Europe or
independent of the EU versus Germany. It's kind of the
tale of two core economies and they're kind of moving
in different directions. And with the return of Trump to
power and his clear preference of Georgia Maloney and backing
of Georgia Maloney versus Germany, France and everybody else and
(26:23):
the rest of the EU, it's very clear that Italy
is now being positioned as the fulcrum on which the
future of the EU rests. Wow and and a little
at a small geopolitic, final geopolitical code to this, which
is that of all the countries in Europe, Italy has
(26:44):
the most American military basis by far. This is true
interest science. It's like one hundred bases. We have like
one hundred bases in Italy. Yeah, giving us a lot
to chew over here. I had no idea that we
had that basis in Italy, but it all kind of
makes sense, right, and the focus of Trump to find
(27:06):
a different power elite to align with in Europe rather
than the traditional alliance here since the post World War
two makes a lot of sense.
Speaker 2 (27:19):
It does.
Speaker 1 (27:19):
Well, what I mean is like, if Trump is here's
the thing, here's the thesis, right, and this is my hypothesis.
If Trump understands that in order for the United States
to be truly free and independent, right and to enter
a new golden age, it's got to break with the
inferiority complex we have with old Europe that we have
to look at as finally the teenagers are about ready
(27:40):
to finally leave the parents' basement and go out into
the world right in Europe as the parent and where
the kid, right, and we're the teenager. Well, if that's
the thesis, and here's all the bits and pieces that
support that thesis. Again, agree with them or disagree with them,
I don't care, that's not my If that's for you
to decide. Is the list right, If that's the thesis,
(28:03):
then let's start looking at the data points. Let's start
seeing what's going on and what is Trump doing to
affect that? Well, again, what would what would I do?
If I were Donald Trump, strategically, I would want to
split off Italy as one of the three tripods of
the You know, France, Germany, and Italy make up the
tripod on which the entire political and economic union of
(28:25):
the European Union rests. So if you can cleave one
of those legs out from the tripod.
Speaker 2 (28:30):
The whole thing falls over.
Speaker 1 (28:31):
So clearly we're not going to get Emmanuel macroan to
aside with the United States as much as because France
has always hated the US, Germany now with it, not
with Angela Merkel or Frederick Murrs or anybody else. The
only one who would the only the only power in
Germany that would be willing to alie with the United
States would be ALUs vite L of Alternative for Germany.
(28:53):
But she has more like she's more likely to alie
with Russia than she is with the US. And then
so the only the only post one of the populist
in Italy as represented by Georgia Maloney. And so it's
very clear, and we can see how Trump and Eon
Musk and everybody else, we're working Maloney over very very hard.
But she's in a very difficult situation politically, and then
(29:13):
you have to start drilling into her particular you know,
then you have to like learn a lot about Italian politics.
And if you think our politics are murking, you get it,
Italian politics go back to eight thousand years, right, that's right.
And so this is the this is the kind of thing,
but you know, the broad but in the broad scope
of things, you know, this is the way I look
at things. I'm you know, I'm an inveteran game player.
(29:33):
I'm an inveterate you know, strategic thinker. This is the
way I operate at all levels. How do I gonna
I'm in third place? How am I gonna get the firstlace? Well,
I gotta take that guy out. I get these two
to fight. I just start acting. So you're like the
British Empire always does, which is the set is, which
is the rue guns to both sides of the of
the conflict, and then spark a conflict between them, and
then you know, sell guns to both sides afterwards, Like
(29:55):
that's what they do, and so we do too.
Speaker 2 (29:58):
Why don't we do that?
Speaker 1 (29:58):
Why don't we do that to the When don't we
do that to the rest of Europe? And see how
they like it, which is exactly what Trump is doing
right now, all.
Speaker 4 (30:04):
Right, and so interesting perspective. I like the fact that
you approach things from a totally different standpoint, certainly than
the mainstream and even then most alternative people that I
follow out there. The website is Tom Luango dot M
E t O M l U O n g O
(30:27):
dot me. Link is in the show notes of this interview.
And hey, if you think Tom's interview was interesting, please
give us a like share and all that stuff. Not
that it makes any difference because we are permanently shadow
band suppressed by our digital overlords. Town I have like
(30:50):
I'm working on something now. It is the biggest story
in digital suppression. I've finally gotten to the bottom of it.
Why it's happening, who is really behind it. You're going
to be shocked and all of you out there. You'll
never see it on this channel because they won't let
it out. But we've cracked the code. We've proven digital
(31:13):
suppression using AI.
Speaker 2 (31:16):
Nobody was able to do it before.
Speaker 4 (31:18):
It was always a case of he said, she said.
Now it's a case of AI says it's happening.
Speaker 2 (31:26):
Here's the proof.
Speaker 4 (31:27):
Here are the receipts, so that'll be coming out soon
and ch Hey, all of you out there, please buy
the book. The links in the show notes the world
according to Martin Armstrong and conversations with the Master Forecaster.
I'm going to get you and Marty together, and I
don't know if I'll be able to understand it all,
(31:49):
but maybe those of you watching will be. Really appreciate
you coming on.
Speaker 2 (31:53):
Tom.
Speaker 4 (31:53):
If there's any questions, shoot me an email KL at
Kerrie Lutz dot com. We'll get you an answer. Tom
really appreciate this. We'll talk to you again soon.
Speaker 2 (32:02):
Thank you, Carry appreciate it. Fit to meet you and
I have a good day.
Speaker 3 (32:04):
Thanks for listening to Carrie Letz's Financial Survival Network, your
solution to today's trying times. For the latest, go to
Financial Survivalnetwork dot com. Financial Survival Network now more than ever,
Which I would describe as deflation or the attempted deflation
of credit based assets and the rise and the inflation
of commodity based prices.
Speaker 2 (00:09):
So you're you're going to see things.
Speaker 1 (00:10):
That are that are driven by you know, large moves
and credit that are driven by large credit impulse, housing,
you know, cars, you got all those prices are going
to be coming down where at the same time, we're
going to see, you know, the during the reorganization of
the economy, we're going to see an upward demand put
on strapped commodity supply chain. So we should see commodity
(00:32):
price inflation and credit asset based deflation. That's the way
I think of stagflation.
Speaker 3 (00:37):
You're listening to Carrie Let's's Financial Survival Network, where you
get valuable information you just can't find anywhere else to
thrive in today's trying times. You need the Financial Survival
Network now more than ever. Go to Financial Survivalnetwork dot
com and get your free newsletter and gift. Financial Survival
(00:59):
Network now more than ever.
Speaker 4 (01:05):
And welcome you are listening to and watching the Financial
Survival Network. I'm your host, Kerrie Letz got a special
guest for you today, someone who is very steeped in
the understanding of the economy, of global power, structures of
the rivalries that are taking place now, both economically politically geopolitically.
(01:30):
His name is Tom Luongo and you find him at
Tom Luogo. That's t O M l u O n
g O dot n E. And this blog is gold,
Goats and Guns, and Tom, I know you have experience
with all three. You started out life as a chemist
(01:51):
and now look at you.
Speaker 2 (01:52):
Well, you know now I'm just fifty seven and cranky.
I got this good. So it says like after years
of all of it, you know, what are you gonna do?
Speaker 1 (02:01):
Like you just watch the world do watch the traffic
splash by geopolitically and you're like, how can you not
be cranky?
Speaker 2 (02:06):
Right? So thank you for Kerry hey hey.
Speaker 4 (02:08):
So yeah, Well, as we get older, our filters tend
to dissolve, right, And we're much more likely you are
and I am to actually say what's on our mind
without a lot of buffering and a lot of backtracking.
Speaker 2 (02:26):
Right, Yeah.
Speaker 1 (02:27):
I mean it was funny when I first went to
work for Newsmax back in twenty thirteen, very early on, I.
Speaker 2 (02:32):
Called the EU the Fourth Reich.
Speaker 1 (02:35):
My editor kind of looked at me and went, you
can't say that. I'm like, but it's true, Like, but
you can't say that. I'm like, Okay, I'll be right
about that eventually, just so you edit what you edit
out what you need to edit out. But I you know,
the draft still went in calling me you the fourth Reich.
So you know, I've never had much of a filter,
Caerry to be honest with you. It gets me in
(02:57):
the trouble more than anything else. I'll be honest with you.
From about the time I'm nine years old, my dad
looking at me, going, son, your mouth is going to
get you into a lot of trouble in this life.
I'm like, yeah, Dad, Oh well, I don't want any
other way.
Speaker 4 (03:12):
To be so exactly my story here, but maybe a
little more diplomatic than yourself. So we talk about hidden
factions and global finance rival back banking factions.
Speaker 2 (03:27):
What does that mean exactly? And who are these people?
Speaker 1 (03:30):
Well, you know, let's start with the you know, the
big question is and this is something that they do.
I cover a lot with my good friend Alix Kraner
when we do podcasts together, which is that over time
we've just come to like when we watched the I
didn't come to this conclusion yesterday or the day before.
It's been building as a kind of an evolving thing
over the last you know, or twenty years of my life.
(03:50):
But reality is that there's this group of global as
you want to call them Davos, you want to call
them the City of London, you want to call them
the Row Trials, you call him whatever you want, with
all reflections of the same thing, which is the old
colonialist banking powers of old Europe that you know, have
nominally set the direction for the global economy for hundreds
(04:14):
of years. And you know, it just morphs and changes
over time, and and we we see reflections of it
as we move along. So we're at a moment. I
think we're at a very interesting moment in time over
these these centuries where they've unfortunately for them, had to
cut so many other people in on the grift that
(04:36):
now those people are strong enough to say, you know what,
we don't want to live like that anymore. What I
mean by that is that you look at the United States,
you look at China, it's very obvious that at some
point that they decided to take when during you know,
the periods being World Wars One.
Speaker 2 (04:52):
And World War Two.
Speaker 1 (04:53):
They moved all their capital into the United States to
build it up into an industrial powerhouse to then fight
World War Two, and the goal being of course to
destroy the Russians and and and all of that. And
then in the aftermath of that, we then wound up
with an industrial powerhouse in the United States. But amazingly,
(05:13):
we went from a non interventionist foreign policy, not much
those central bank, no no foreign policy to speak of
in the nineteenth century, and now by the end of
the twentieth century it adopted Britain's foreign policy, Britain's monetary system,
Britain's tax policy, Britain's this, Britain's I mean, it's all
the same thing. We are indistinguishable from them, and we've
embraced empire.
Speaker 2 (05:33):
Now.
Speaker 1 (05:33):
I used to be one of those critics of the
United States, is the American quote unquote imperial system. I
still am, but I also realized that it's not really
our doing. So the goal then, in my mind, was
that what they would do is they would use the
United States like they always they go into a place,
their locusts. These people they're not they don't build things.
They only build something up in order to strip mine
(05:55):
it later. So that's the colonial's mindset, doesn't matter if
it's Africa or the least, or Canada or the United States.
And then once it's done and they've they've used, they've
used it up, they then take all the money that
they've stolen and they move it somewhere else and they
go strip mind that place. And clearly that place was
supposed to be China, and they put all their money
into China in the nineteen nineties and early aughts and
everything else. And then they were looking at pull the
plug in the United States two thousand and eight financial
(06:17):
crisis forward zero bound interest rates to fill preserve all
of that stuff that we all lived through. And funny
thing happened on the way to that liquidation. The Russians
refused to be liquidated. They've brought brought Vadimir Putin too
power in two thousand and they stood up and said no.
The Chinese eventually brought Cheese and Ping.
Speaker 2 (06:38):
To power in order to cut the old.
Speaker 1 (06:40):
Ark control out of the nass and old Ark community
in China out.
Speaker 2 (06:45):
That's why she was brought to power.
Speaker 1 (06:47):
And you know, by twenty sixteen, we got the end
of of the Obama administration, and the American people said,
do you know what this guy Trump, We're going with
him because these other people, we don't want to live
under like this anymore. So the dual moment of break
in the UK and the election of Trump in twenty
sixteen was really the moment that six month period where
their whole model kind of started to collapse. And that's when,
(07:09):
you know, I was at that point, right around that
point that I was. I finished my first sent with
Newsmax and I had to go independence. When I started
Gold Goats and Guns in twenties, UV Andean a little
freer to be able to talk just you know, news
Max has their editorial bent, and you know, I have
to respect that they're the ones paying the bills. And
it wasn't all it wasn't a big ideological divide. It
was just there's certain things I wasn't really all to
(07:30):
talk about, which is fine. But you know, once that
once that started, you started to see the once breaksit
and Trump occurred, you saw the big mask off moment
really begin or you started to see these people have
to come out from behind the woodwork and out themselves.
Speaker 2 (07:46):
As no no, no, this old rules base order, this
is all US. It's not the United States.
Speaker 1 (07:50):
But they have tried to blame the United States for everything.
So and you and you saw this, you know coming,
and so now we have a real functional I think
we have a functional split. By the end of the
time we get to the end of the first Trump administration,
I think it's becomes very obvious that Wall Street and
City of London are not on the same page anymore.
(08:11):
There's aspects of Wall Street that are still embedded with
you know, old City of London, Europe, whatnot, Luxembourg, all
of that, but there are other aspects of Wall Street
that are not down with that at all.
Speaker 2 (08:22):
And in my mind, and I've talked about.
Speaker 1 (08:25):
This and you know for years now, it feels like
here's that it was the implementation of the security overnight
financing rate by the Fed during the first Trump administration
that began the process, so that by the time we
get to powell second term, he starts raising interest rates.
He's got he's changed the dead indexing rate of the
(08:45):
United States away from a City of London focused live
or to a US repo domestic repo market focused collateralized
rate known as Sofur and that has changed the dynamics
so that now for the first time, literally two hundred
and fifty years of the United States as a country
having control over the wris own monetary policy. Because even
previous to the Central Bank, previous to the Federal Reserve,
(09:08):
the trade flows between the US and Europe were so
imbalanced that they were, you know, under the old gold
standard that was still being manipulated by you know, our
politics and our and our banking system were absolutely being
manipulated by you know, that those imbalances and our politics
were being manipulated by those in balances. And I've come
to understand this solely as I've gone down this rabbit
(09:29):
hole over time.
Speaker 2 (09:30):
I have traced all this stuff.
Speaker 1 (09:32):
I've talked to people, you know, I've talked to a
lot of people over the years who have pointed me
in the right direction, and it's kind of synthesized all this.
So that's where I think we are now. I think
we're really at this kind of divorce moment. And you know,
I've said this a few times in my.
Speaker 2 (09:45):
Life, and I'll say it again here. I'll reiterate it here.
Speaker 1 (09:47):
Is like it reminds me of the an interview given
by an old Chinese foreign minister back I think it
was during the Vietnam War, he said, you know who.
They asked, He's like, what do you think of the
French Revolution? And he said, well, it's too a real
way to tell. And I kind of feel the same
way now about the American Revolution. It's it's still ongoing.
It's been ongoing for two hundred and fifty years, and
(10:08):
we're getting very close to that divorce moment. And everything
that we're seeing in the geopolitical space, everything, all the
all the conflicts and the and the culture war and
the immigration and this, it's all reflection of this of this,
you know, attempt by the United States and other countries,
(10:29):
Russia and China in particular, to divorce themselves in the
old European colonial system. And it's, you know, it's why
they hate Trump because Trump clearly we saw this, you know,
in his own way, you know. And I don't say
that the try Donald Trump of twenty fifteen or twenty
sixteen understands the game like he does today in twenty
(10:49):
twenty five. No, he made a lot of mistakes in
this first term, and it was very easy for him
to be be marginalized. It's very easy to go look
back on that and go, yeah, but Trump was ineffectual
in this first term because he didn't you know, you
need anything done. Well, I agree, but you know it's
like everything else, people learn and evolve and change as
they have to go through and fight. You know, this
(11:10):
this process is war. And then he literally has been
fighting war against these people. So that's what I that's
where I think the game board lay is now, and
it really is Wall Street versus for lack of a
better term, city of London. And you know, and when
you kind of view it from that perspective, and again
(11:31):
you don't have to agree with me, but at the
very least entertain the idea and then start looking at
the game board and start looking at the way people
are moving, and you're like, maybe there's more validity to
that than it sounds off the you know, you know,
off the coffin is the first time you and I
have ever spoken. I've been saying this stuff for years now,
but you know, it's one of those things that when
you know, when I come to a different audience, I
have to kind of go back through all the the
(11:53):
to go kind of back over the primitives of where
I've come from. Uh, in that journey, it's it's it's
a important Ultimately, I'm trying to shut off a hold
on just a second, be shut this down so it's
not making any noise.
Speaker 2 (12:06):
Uh you go.
Speaker 1 (12:07):
Away, Yeah, okay, there you go, Sorry about that. That's
you know that you see it that way, right, and
then once you start to like, once you start to
see it that way and you start feel like fill
in the bits and pieces, all of a sudden, you're like,
that has more predictive power, That has more explanatory power
(12:29):
than the old model of Well, it's just the evil
United States Empire of chaos running around the world like
like Rambo without a drogstrap, trying to you know, defend
the dollar. That story is really played. It's it's got
some truth to it, but it's also not the only truth, right.
I Mean, the world is deed allarizing, the world is
breaking up into regional economic blocks. But I don't think
(12:50):
the United States, like, I don't think Trump is fighting that,
to be honest with you, I think what he's doing
is just negotiating how much of the pie he's gonna have,
We're gonna have once the divorce decree is completed, and
that's a.
Speaker 2 (13:03):
That's where I am.
Speaker 1 (13:03):
And hopefully we bankrupt the old European system of child
trafficking and drug running and regime change wars and all
the rest of it, and you know, we we move
into a different age where that's a far less prevalent
part of our politics and part of our national politics
for our geopolitics, and with any luck, that's what we'll
(13:25):
wind up with and we'll leave the world with at
the end of this period of history.
Speaker 2 (13:29):
That's what I think is that's.
Speaker 1 (13:31):
What I hope for sor right here we arguing sadly
in the day after Charlie Kirk got shot, like he's
going to wind up being either a martyr or a flashpoint.
Speaker 4 (13:40):
So this entire process, we're both so getting back to calls.
You know, we're both the good friends with Martin Armstrong
and you know this book with him, The World according
to Martin Armstrong. So you had some forecast of your
own the percent.
Speaker 2 (13:59):
Rate and gold going way higher. Where are you with
what you're.
Speaker 4 (14:06):
Looking towards into the future.
Speaker 1 (14:09):
Sure, so I go back and remind everybody that you know,
again there's I'm not like busting my hand, patting myself
on the back or anything. But back in twenty twenty two,
I said, if I'm right about Powell being, you know,
trying to drain the world, if to drain the off
four dollar system, of the euro dollar system of all
of its liquidity, this post COVID liquidity and honestly the
(14:31):
posts zerp and nerp yeers of liquidity, then he's going
to raise interest rates hard and we're going to find
out under saufur just how much the United States economy
can handle relative to the rest of the world of
global economy. And we found out, I said, you know, flippantly,
and like back in early twenty twenty two, when I
get fire Powell, I'd raise race to six percent. Well,
(14:52):
he got the five and a half right, and he
held him there for over year five and a half
and I was kind of impressive. And now we're here,
we are four and a half percent. We're week out
from the next FMC meeting. The CBI just came out
hot this morning, and I look at you know, where
we've been, and we've been in a kind of commodity
cost push environment inflation wise, since you know, power sort
(15:14):
of braising rates, and that's just kind of tied to
the price of gasoline. You know, the change in gasoline
relatives to the change to the directional change in the
price of gasoline on a month to month basis correlates
very nicely with a four month overall change in the CPI.
Interestingly enough, today we finally got like the first real
data point where the two are moving in the opposite direction.
(15:35):
If you dig into the CPI numbers, you'll see that
all these data centers for AEI are starting to come
online and electricity costs are dominating. Gasoline prices are down
six point six percent month year over year, but electricity
costs are up thirteen percent. You know, other energy, natural
gas prices, pipe gas or energy prices are up by
eight percent, blah blah blah blah.
Speaker 2 (15:54):
And so that's what contributed to this.
Speaker 1 (15:55):
We might be getting into an area where gasoline and
UH inflation see as measured by the CPI, are starting
to shift.
Speaker 2 (16:03):
Now what does that mean.
Speaker 1 (16:04):
It means that we may be and I will need
a couple more months worth of data on this, but
we may be in a moment where we're starting to
either move into a real honesty, got stagflationary environment, which
I would describe as deflation or the attempted deflation of
credit based assets and the rise and the inflation of
commodity based prices.
Speaker 2 (16:24):
So you're you're going to see things.
Speaker 1 (16:25):
That are that are driven by you know, large moves
and credit that are driven by large credit impulse, housing,
you know, cars, all those prices are going to be
coming down, where at the same time we're going to see,
you know, during the reorganization of the economy, we're going
to see an upward demand put on strapped commodity supply chain,
(16:46):
So we should see commodity price inflation and credit asset
based deflation. That's the way I think of stagflation. That
may be one scenario. The other scenario is that Trump
is at is that we've actually gone through the stagflation,
which I mean again, and I'm just throwing an idea
out here. I'm not telling you what I believe. I'm
saying these are the two environments. Or we've already been
through most of the stagflation, and we're getting ready in
(17:08):
Q one or Q two of next year to put
move into a demand pull environment where demand really is
going to start pulling prices higher, and once that happens,
traditionally there is no correlation between the price of gasoline
and CPI inflation because they don't correlate directly to They
don't correlate directly at that point because the demand for
(17:29):
money is and demand for credit are.
Speaker 2 (17:32):
You know, they're just.
Speaker 1 (17:33):
They're not tied to, you know, whatever the price of
the pump is, because people don't care.
Speaker 2 (17:37):
They're making money.
Speaker 1 (17:38):
They'll they'll pay whatever they want the price of gasoline,
so pricey gasoline can fluctuate, and you know, CPI inflation
will do whatever it wants.
Speaker 2 (17:44):
And you can see this clearly in the data.
Speaker 1 (17:45):
If you take that basic study that I've been using
now for a while, and you go back and you
chart at like, you know, eight, nine, ten years, you'll
see periods of commodity cost push inflation, you know, tie
the CPI and gas together nicely, and then you know
periods you know when we're not there, something that completely different.
(18:07):
So what do I see for right going forward to
finish answering the question, is I expect the FED to
cut race. They'll probably before the CPI print. I was
fully on board with a fifty basis point cut.
Speaker 2 (18:19):
Next week.
Speaker 1 (18:20):
Why because I was still thinking, well, you know, gaslink
prices last month, we're down. Therefore, the CPI is going
to come in weaker than expected. Therefore, with that, plus
all the labor data that's coming out, the labor revisions,
Powell's going to you know, and him changing and get riding,
getting rid of the two percent inflation targeting mechanism. That
he's probably going to cut fifty and do exactly kind
of what he did last year. Cut fifty, then twenty five,
(18:42):
twenty five coming into the end of the year, maybe
cut one more time in March before or February, before
he leaves, exits the scene, let somebody else take over.
Now I'm thinking he's probably only going to go twenty five,
you know what I mean, And that should be your
base case. If you surprises everybody with fifty, that'd be interesting, right,
(19:02):
But I think twenty five and then maybe we'll see
a fifty later on. Again, it all depends. I think
it depends. Remember, the Fed likes to look at.
Speaker 2 (19:09):
The PC deflator.
Speaker 1 (19:09):
They don't necessarily look at the CPI, but they kind
of do look at the CPI. So and we'll see
what happens when the PC deflator comes out. But that's
about where I am there. And then for gold, gold
just broke out of a four and a half month
basing pattern and we've got geopolitical tensions rising.
Speaker 2 (19:28):
This is a This is like cribbing directly from Martin
arm Fruyk.
Speaker 1 (19:30):
Marty and I talked about as many times as we
agree that gold, you know, likes to move on, you know,
like gold likes to move higher on geopolitical.
Speaker 2 (19:39):
Risks, and then bank that that move higher.
Speaker 1 (19:44):
Because of higher anchored inflation money printing that happened because
of geopolitical risks. Yeah, the fact, you know, geopolitical risk
sends gold higher, and then gold holds onto those gains
once we have to deal with the inflation that came
from all of the the money and the political shnanigans.
And that's kind of how gold goes. So I so
look at this, this breakout here in gold. It is
(20:07):
just getting started. I can see a move here between
now and the end of the year to forty two
forty three hundred dollars now with very little problem. Of course,
I can see them trying to put the kabash on
it and stop at four grand. But let's I think
forty two to forty three hundred on an overshoot and
a potential panic cycle before the end of the year.
That makes some sense, especially if we start to really
(20:28):
see a Sopoware deck crisis emerge in Europe and or Ukraine,
and you know, somehow something happens in Ukraine that escalates
things another level. So that's what I'm saying for those
two things, That's what I'm saying.
Speaker 4 (20:41):
So silver, yeah up big. We're talking forty one and
a half bucks. And now it's is silver gonna dramatically
outperform goal?
Speaker 2 (20:53):
Not right yet?
Speaker 1 (20:55):
I still remember Kerrie, I'm I'm a really big advocate
of the idea that's so has to now prove itself
that it's a monetary metal and not an industrial one.
And so because of I look at the price of silver,
and I see the volatility and silver I see the
way trays and the thing else.
Speaker 2 (21:09):
I'm not saying.
Speaker 1 (21:10):
I'm not against silver, mind you doing the same thing,
But I see silver similar to the way I see copper.
Copper got I see you know, everybody calls it doctor
Copper because it's a nice leading indicator of the change
in the industrial economy. The base load for need for electricity. Well,
I think silver is the it's kind of doctor silver
for technology because silver is so necessary for so much
(21:33):
of the technology that we all, you know, live with
on a day to day basis that you know that
demand is so strong that looking at silver as the
leading indicator for the technology economy versus the industrial economy,
and you know, knowing that there's not a lot of
monetary demand for silver, this and this is born out
(21:53):
over time when you look at the gold of silver
ratio and then I have this, I have a I
have a thirty year chart something like that amost thirty
year chart of the price of silver monthly closing price
of silver and silver to gold ratio over time, and it,
you know, does this. But the slope is upward. The
ratio is upward. It was in the fifties, back in
the nineteen nineties. Now it averages. Now, it oscillates around
(22:16):
eighty eighty two, and it's continuing to go higher. Now,
at some point gold gets too expensive and the gold
and silver ratio is insane, or it might you know
that that may change, but as of right now, you know,
this is one of those things you that upward slope
of the gold and silver ratio. And the farther it
gets away from natural abundance ratios, the more you have
(22:37):
to see gold asserting itself as a monetary asset, silver
asserting itself as an industrial asset.
Speaker 2 (22:45):
And you know, and you know when the silver the
gold ratio.
Speaker 1 (22:49):
Relative to the current set of opinions about the two
metals gets out of whack, that's when you see silver
catch up the gold or gold catch up the silver
and the peak and the troth and the goals of
silver ratio is always tied to some major geopolitical event.
That's the other thing I you know, I have also
another tendency now is is just like look at certain
(23:11):
important markets like bond spreads between say the United States
and Germany, or or the goal of silver ratio or
something along those on. And this starts sitting back and
going and looking at the timing and going, oh, look
on that day, that was the day of the Bank
of Japan, you know, killed the the again and carry trade.
And that's the day that you know, Biden crapped the
(23:31):
bed at the at the debate versus Trump, and that's
the day that you know, Liz Trust was deposed as
and was opposed.
Speaker 2 (23:39):
As the Prime Minister England.
Speaker 1 (23:41):
And it's said very Martin Armstrong kind of an analysis,
but I don't have I don't use cycles to do this.
I just look at the historical data over and look
at very important markets and then just kind of tie
them to important events and then you know, and use
those as kind of signals that maybe things are getting
out of whack. One of the interesting things that I've
been looking at recently is the ten year Italian German
(24:03):
bond spread, right, because Germany is nominally the safe haven
asset of Europe, right, and I've been charting it versus
the US.
Speaker 2 (24:13):
I've been turning the US.
Speaker 1 (24:14):
German ten and two year bond spread on a day
to day basis for like five years. So it's kind
of an obsessive, compulsive thing, and you know it is
watching it because you can watch how Christina le Guard
at the ECB has been kind of trying to maintain
credit spreads in order to keep the interest rate derivative
markets from exploding and then taking all the banks down
makes perfect sense, and it's also a measure of safe
(24:35):
haven status of what does the world think, what is
a more powerful safe haven asset, Is it the US
treasury or is it the German bund You know, it
gives you a kind of a look a snapshot of
where global capital's head is as to where they what
they think of the political stability of Europe versus.
Speaker 2 (24:56):
The United States.
Speaker 1 (24:57):
Well, then when you go one step further, interestingly, over
the course of the last year, since it became obvious
three year and a half that Donald Trump was going
to become president, the German Italian bond spread or the
Italian German bondspread has collapsed. And where you know, Italian
debt was trading at like one hundred and sixty hundred
and seventy basis points higher than you know, German debt
(25:18):
at the ten year benchmark level. Now it's like eighty
basis points, right. But every time there was a spike higher,
it was tied to some big event. And I know
like twelve of them that came out of this and
they were all, you know, something happened, a major event happened,
and Christill le Guard at the ECB had to furiously
(25:39):
scramble to hold German button price, you know, the prop
up German button prices, and thereby you know, blow the
spread out versus the Italians, and then it would immediate
and then once we were past that, they would, you know,
the the downtrend would continue. What this means, the overall
trend is is that Italy is being moved into the
(25:59):
position to become the safe haven asset of Europe or
independent of the EU versus Germany. It's kind of the
tale of two core economies and they're kind of moving
in different directions. And with the return of Trump to
power and his clear preference of Georgia Maloney and backing
of Georgia Maloney versus Germany, France and everybody else and
(26:23):
the rest of the EU, it's very clear that Italy
is now being positioned as the fulcrum on which the
future of the EU rests. Wow and and a little
at a small geopolitic, final geopolitical code to this, which
is that of all the countries in Europe, Italy has
(26:44):
the most American military basis by far. This is true
interest science. It's like one hundred bases. We have like
one hundred bases in Italy. Yeah, giving us a lot
to chew over here. I had no idea that we
had that basis in Italy, but it all kind of
makes sense, right, and the focus of Trump to find
(27:06):
a different power elite to align with in Europe rather
than the traditional alliance here since the post World War
two makes a lot of sense.
Speaker 2 (27:19):
It does.
Speaker 1 (27:19):
Well, what I mean is like, if Trump is here's
the thing, here's the thesis, right, and this is my hypothesis.
If Trump understands that in order for the United States
to be truly free and independent, right and to enter
a new golden age, it's got to break with the
inferiority complex we have with old Europe that we have
to look at as finally the teenagers are about ready
(27:40):
to finally leave the parents' basement and go out into
the world right in Europe as the parent and where
the kid, right, and we're the teenager. Well, if that's
the thesis, and here's all the bits and pieces that
support that thesis. Again, agree with them or disagree with them,
I don't care, that's not my If that's for you
to decide. Is the list right, If that's the thesis,
(28:03):
then let's start looking at the data points. Let's start
seeing what's going on and what is Trump doing to
affect that? Well, again, what would what would I do?
If I were Donald Trump, strategically, I would want to
split off Italy as one of the three tripods of
the You know, France, Germany, and Italy make up the
tripod on which the entire political and economic union of
(28:25):
the European Union rests. So if you can cleave one
of those legs out from the tripod.
Speaker 2 (28:30):
The whole thing falls over.
Speaker 1 (28:31):
So clearly we're not going to get Emmanuel macroan to
aside with the United States as much as because France
has always hated the US, Germany now with it, not
with Angela Merkel or Frederick Murrs or anybody else. The
only one who would the only the only power in
Germany that would be willing to alie with the United
States would be ALUs vite L of Alternative for Germany.
(28:53):
But she has more like she's more likely to alie
with Russia than she is with the US. And then
so the only the only post one of the populist
in Italy as represented by Georgia Maloney. And so it's
very clear, and we can see how Trump and Eon
Musk and everybody else, we're working Maloney over very very hard.
But she's in a very difficult situation politically, and then
(29:13):
you have to start drilling into her particular you know,
then you have to like learn a lot about Italian politics.
And if you think our politics are murking, you get it,
Italian politics go back to eight thousand years, right, that's right.
And so this is the this is the kind of thing,
but you know, the broad but in the broad scope
of things, you know, this is the way I look
at things. I'm you know, I'm an inveteran game player.
(29:33):
I'm an inveterate you know, strategic thinker. This is the
way I operate at all levels. How do I gonna
I'm in third place? How am I gonna get the firstlace? Well,
I gotta take that guy out. I get these two
to fight. I just start acting. So you're like the
British Empire always does, which is the set is, which
is the rue guns to both sides of the of
the conflict, and then spark a conflict between them, and
then you know, sell guns to both sides afterwards, Like
(29:55):
that's what they do, and so we do too.
Speaker 2 (29:58):
Why don't we do that?
Speaker 1 (29:58):
Why don't we do that to the When don't we
do that to the rest of Europe? And see how
they like it, which is exactly what Trump is doing
right now, all.
Speaker 4 (30:04):
Right, and so interesting perspective. I like the fact that
you approach things from a totally different standpoint, certainly than
the mainstream and even then most alternative people that I
follow out there. The website is Tom Luango dot M
E t O M l U O n g O
(30:27):
dot me. Link is in the show notes of this interview.
And hey, if you think Tom's interview was interesting, please
give us a like share and all that stuff. Not
that it makes any difference because we are permanently shadow
band suppressed by our digital overlords. Town I have like
(30:50):
I'm working on something now. It is the biggest story
in digital suppression. I've finally gotten to the bottom of it.
Why it's happening, who is really behind it. You're going
to be shocked and all of you out there. You'll
never see it on this channel because they won't let
it out. But we've cracked the code. We've proven digital
(31:13):
suppression using AI.
Speaker 2 (31:16):
Nobody was able to do it before.
Speaker 4 (31:18):
It was always a case of he said, she said.
Now it's a case of AI says it's happening.
Speaker 2 (31:26):
Here's the proof.
Speaker 4 (31:27):
Here are the receipts, so that'll be coming out soon
and ch Hey, all of you out there, please buy
the book. The links in the show notes the world
according to Martin Armstrong and conversations with the Master Forecaster.
I'm going to get you and Marty together, and I
don't know if I'll be able to understand it all,
(31:49):
but maybe those of you watching will be. Really appreciate
you coming on.
Speaker 2 (31:53):
Tom.
Speaker 4 (31:53):
If there's any questions, shoot me an email KL at
Kerrie Lutz dot com. We'll get you an answer. Tom
really appreciate this. We'll talk to you again soon.
Speaker 2 (32:02):
Thank you, Carry appreciate it. Fit to meet you and
I have a good day.
Speaker 3 (32:04):
Thanks for listening to Carrie Letz's Financial Survival Network, your
solution to today's trying times. For the latest, go to
Financial Survivalnetwork dot com. Financial Survival Network now more than ever,
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