Tom Luongo: Bitcoin - The Savior of Our Financial Future?
The Bitcoin Matrix
Deep Dive
Why does Tom Luongo believe the current financial system cannot survive without Bitcoin?
Luongo argues Bitcoin is essential because it offers a decentralized, transparent alternative to the existing system, which he views as corrupt and controlled by a select few. He sees Bitcoin as a tool to break free from this control and shift power back to individuals.
What is Tom Luongo's opinion on immediately ending the Federal Reserve?
Luongo believes immediately ending the Fed is a dangerous idea. He argues it would cause catastrophic deflation, disrupt global agreements and financial markets, and empower those who control offshore dollars. He advocates for reforming the Fed, not abolishing it.
What are Tom Luongo's thoughts on the odds of Trump surviving until inauguration day?
While acknowledging potential threats, Luongo believes Trump's current strategy of remaining at Mar-a-Lago enhances his security. He suggests further attempts are more likely after inauguration, during which Trump's public engagements will increase. Luongo also believes a "divine intervention" occurred during the previous assassination attempt.
How does Tom Luongo think different markets will perform during the current political and economic climate?
Luongo predicts a deflationary wave due to government spending cuts, impacting bond yields and the dollar. He foresees a potential recession, but also an investment cycle in infrastructure and essential goods. He anticipates Powell cutting interest rates to restore a normal yield curve and encourage lending.
Why does Tom Luongo believe capital flows are so important?
Luongo emphasizes how capital flows are central to the ongoing "central banking war." He argues manipulating these flows allows for control over wealth and power. He believes reversing globalist control over these flows is key to restoring American prosperity.
What is Tom Luongo's perspective on the "comfortable wolves" and their actions?
Luongo believes the "comfortable wolves," including Wall Street and established political figures, acted to prevent election theft and maintain their positions of power. He suggests deals were made behind the scenes to ensure a specific outcome.
Does Tom Luongo believe the United States should make use of Bitcoin?
Yes, Luongo argues that Bitcoin should be treated as a strategic asset, similar to gold. He suggests using Bitcoin reserves to back loans and stabilize the treasury market. He also believes the US is already using Bitcoin indirectly through Tether to manage dollar flows and liquidity in the repo market.
What is Tom Luongo's response to the idea of the U.S. seceding?
Luongo vehemently opposes secession, arguing it would cripple the U.S. economy, leaving the productive states burdened with debt while the wealthy elite retain their assets. He views secession as a strategy to further weaken the United States.
What is Tom Luongo's opinion on Trump enacting retribution against his political opponents?
While not explicitly advocating for revenge, Luongo believes holding those responsible for illegal actions during COVID and political lawfare accountable is crucial for justice and restoring faith in the system. He highlights the importance of equal application of rules.
Why does Tom Luongo recommend Bitcoiners own some gold?
Luongo encourages Bitcoiners to diversify their holdings with gold and other assets, emphasizing the importance of hedging bets and acknowledging the unpredictable nature of the future. He also suggests physically holding gold allows for a deeper understanding of its historical significance and tangible value.
- Former research chemist and amateur dairy goat farmer
- Anarcho-libertarian and obstreperous Austrian economist
- Owner and publisher of Gold, Goats, and Guns
- Believes individuals are the only ones who can make the right decisions for themselves