Tom Luongo | The Libertarian Institute

Elon Musk Has Freed Himself from the Advertiser’s Chains

by Tom Luongo | May 22, 2023 | Featured Articles

So, Elon Musk sure shook things up the other day with his interview on CNBC where he dared to break the Fourth Wall of media when he took a shot at George Soros comparing him to Magneto from Marvel’s X-Men. It’s a brutally funny exchange as Musk carefully measures his response, takes his time and then goes into full pop culture legend mode invoking Inigo Montoya from The Princess Bride. Elon Musk is asked about his Tweet saying George Soros reminds him of Magneto 🤣 pic.twitter.com/4gfsURVGIF — ALX 🇺🇸 (@alx) May 16, 2023 That CNBC flak wasn’t confused by this, he’s...

Blackrock’s Balance Sheet May Be Sicker Than You Think

by Tom Luongo | May 3, 2023 | Economics, Featured Articles

The big news this week was Tucker Carlson’s unceremonious firing by Fox News. The reasons for Tucker’s firing are still unclear. And even Tucker’s emergence from his man cave on Tuesday for two minutes did nothing to quell the speculation. What it did do was underscore just how much real power he amassed during his time in the prime time slot anchoring Fox’s entire evening. I’m not the first to point out to you just how many views this thing has gotten, dwarfing his Neilson Ratings. This was a serious needle scratch. Something changed behind the scenes. Within an hour Don Lemon was dumped by...

What If the Davos Agenda Has Already Been Defeated?

by Tom Luongo | Jan 25, 2023 | Featured Articles

In November 2021 I wrote a piece entitled “Have We Finally Reached Peak Davos?” This article was scarily spot on. When you’ve written as much as I have over the past five years, however, it’s easy to look back and point at how prescient you were. Even if you’ve gotten a whole lotta stuff wrong, which I have. That particular article, though, was nearly point-for-point correct in assessing the state of The Davos Crowd’s Great Reset project. I wrote a Twitter thread about this the other day to pound the next few nails in Davos’ coffin before the opening of this year’s convocation of clueless...

The Fed’s ‘Spiritual Boomerism’ is Destroying the Economy

by Tom Luongo | Dec 29, 2022 | Economics, Featured Articles

I hate to gloat but, screw it. I’m gloating. With every FOMC meeting this year, Jerome Powell has become more and more hawkish, but the denial of this still dominates the headlines. He raised the Fed Funds Rate to 4.5% last week, a level unthinkable to nearly everyone, including me, this time last year. I told you all over a year ago Powell and the Fed were going to war with Davos and the ECB over Climate Change and their push for war with Russia. No one believed me then, and rightfully so. The idea was daft given the Fed’s history, the U.S.’s books and the reality of a “Biden” presidency...

‘Strong as Hell’ Economy is a Mirage of Math

by Tom Luongo | Oct 26, 2022 | Economics, Featured Articles

“President” Joe Biden described the U.S. economy as, “Strong as hell,” in a recent sound bite. No one except his most ardent supporters, a vanishingly small number in reality, believes that. He and they point to statistics, “internals” in Biden-speaks, that point to why the U.S. is better off than everyone else. Well, yes, we may be better than everyone else, that doesn’t however mean the economy is “strong as hell.” It just means it is the most attractive horse at the glue factory, to invoke more Biden-esque rhetoric. Honestly, I was waiting for a Corn Pop reference, but Fox cut away too...

Europe Is Trapping Itself Through Monetary Manipulation

by Tom Luongo | May 9, 2022 | Economics, Featured Articles, Foreign Policy

There’s a lot of news flying around about the changes happening in global currency trading. From “Gas for Rubles” to “What the Hell is Going on With the Yen?” there are a lot of questions and very few answers as to what it all means and whose on which side of the divide. The Fed just hiked 50 basis points for the first time since 2000 and will be running off its balance sheet forcing the Treasury to stop issuing new debt at stupid rates. The European Union unveiled a sixth sanctions package against Russia which calls for a complete embargo of all Russian oil. Further to this the EU is now...

Novak Djokovic Is All of Our Future

by Tom Luongo | Jan 18, 2022 | Featured Articles

When I’ve talked in the past about the patchwork tyranny post COVID-9/11, I had more mundane things in mind than the fate of a major tennis star. Novak Djokovic was deported from Australia on Sunday after his appeal to reinstate his visa failed. And it failed not for health reasons but for political ones. To me, the kinds of terrible rules put in place for ‘public safety’ always conjure up images of casual oppression. Endless videos of pathetic public servants intimidating priests in churches or police arresting pub owners for serving willing patrons. But it goes far deeper than that. It’s...

Will COVID Lockdowns Make 2022 the Year of Bitcoin?

by Tom Luongo | Jan 7, 2022 | Economics, Featured Articles

I don’t necessarily like to do so-called ‘annual prediction’ posts. Having written a ton of them for the newsletters I’ve written over the years, looking back on them is always a bit cringe-inducing. But 2021 was a crazy year and one where so much happened that changed the landscape it looks like one of those necessary evils for 2022. In fact, I may wind up doing more than I normally do. After being on Bitcoin Magazine’s Fed Watch podcast in December, I was asked to do a 2022 Predictions article for them. It just dropped over there. Is 2022 the Year Bitcoin Proves Itself on the World Stage?...

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