The American war for independence was prompted by colonial mercantilists who saw a weak and effete king in George III, and saw an opportunity to break free and no longer have to pay their stipulated tithe to the Crown. After that, the young nation undertook a policy of “Manifest Destiny” - an almost messianic maniacal policy which served as cover for a genocidal campaign against indigenous peoples and foreign colonial interests throughout the Americas, in expanding its territorial and economic reach. Suddenly a country which started with 13 colonies that could scarcely pay and equip their army, now swept the seas from the Atlantic through the Caribbean and clear across to the Pacific, from Cuba through the Americas, and clear across to the Philippines! America entered WW I after years of staunch isolationism when the banks saw that the Central Powers were about to win, and that all their loans to the Triple Entente would be total write-offs. Suddenly the Federal Reserve was born as a credit “clearinghouse,” Uncle Sam wanted YOU (a total rip-off of the UK’s Lord Kitchener recruiting poster during the Boer Wars), and it was the sworn duty of every Doughboy to defeat the Hun. The process grew even more sinister after WW II, whereafter the U.S. replaced the U.K. as the global power. Instead of the Bank of England and the British East India Company dictating policy and stoking wars for profit, it was now the Federal Reserve (and their cronies at the World Monetary Fund) and American corporations exercising their fiat all over the world - toppling governments and flexing their economic, political and military muscle. And so it goes today, but even more insidiously promoted to largely ignorant masses who think the capital of China is Chinatown. All the while, refining the Rothschild Gambit. After all, it was the Rothschild patriarch who so infamously boasted, “There would be no wars in Europe, if my sons did not want for there to be war. But give me control of a nation’s money supply, and I care not who rules the land.” Unless of course, that land runs from the river to the sea. Then they care… a LOT.
So we are supposed to trust the people who engineered the current economic situation to bring us a new economy,currency etc. and let bygones be bygones.
I know. Look up Ryan Dawson's great, detailed documentary on him, Trump's Zionist Ball And Chain. Sadly we have only two "choices"; AIPAC Soros stooge Biden, or AIPAC Netanyahu stooge Trump. God help us.
Choosing grace is what makes a person connect with their divinity or should i say what a divinely attuned human is supposed to be. Divinity being that ethereal aspect we cannot fully comprehend yet but which guides us away from destruction and towards goodness and self-actualization.
I am a fan to this guy! Thanks from bringing him! He stays on Patreon more now and not on YT. By the way I am from India living in US now. He will make sense to a lot of my tribe and they are looking for answer.
Here in Brazil we are already running on CBDC. It's called pix. And it's rapidly taking the place of physical money. There's practically no more physical money anymore. And now our central bank is launching a new modality: pix credit. I'm telling you, people here love pix! They prefer it even to visa or mastercard. These companies are gonna loose market share rapidly. If you think people won't jump into this kind of stuff you're crasy.
I think it won't be that difficult to push on most people, the vast majority are willingly slaves to the system and think it's great. Interesting to hear about Pix.
Listening to Tom always makes me feel happy that I'm listening to someone who really knows what they're talking about. Tom is one of the best macro analysts anywhere.
Jessie Central banks are buying gold because there is no longer any money to be made with bonds. chart bond vs tlt see for yourself This is not a gold rally but a comodetis rally
No....China and other countries are buying gold instead of treasuries because you don't fund your enemy. Also China knows that the U.S. won't honor it's bonds when war starts....It has nothing to do with investment........Fold is neutral
A digital version of gold would work as long as it’s backed by gold,that what these printing press economists don’t understand.Back the shit up with something so they don’t turn into the dumbass FED.
I wonder if we will get the plasma storms that wiped out the last civilizations and left only a handful of survivors in caves afterwords. That would explain the bunkers and the wanting to leave the planet in the rich people sphere.
Exactly! This is the real reason the governments are throwing out law and order. You see past month’s crazy weather, going to get much worse. Magnetic Pole Shift true cause and they are hiding it from Population. Prepare folks if you know how.
Yea it’s complicated, it does need things to happen sure, but it’s already much much much much faster than the current monetary system. Funds take way longer to settle, they are just pushed through on credit now and seems fast, and it’s much less secure. So the hinge are not always as they seem.
@@danhallett4952 FYI - International transactions done via bitcoin now exceed $180 million per day. Compared to a $30 Trillion global economy, it is small but it is growing.
@@lynnelee4390 You are correct in that the US government THINKS it can block the competition just like they think that they can block competition from China. What you fail to appreciate is that the entire crypto system is decentralized. The only way any government can stop it is to shut down the entire internet. That is never going to happen.
You do make it sound like Europe might be or become the driver of war (like in the old times) but if this was your message I am very contrarian to it: You are right that Europe is at the extreme end of the commodities food-chain but a great consumer of commodities (so is INDIA btw !!) but Europe couldn't / shouldn't care less whether the commodities come from the West side (US, America, Middle East) or the East side (Russia, Iran, Middle East). So, the drivers of war are/will be the majority of the oligarchs of the West and the oligarchs of the East, not the majority of the European oligarchs. Me thinks.
You’re assuming commodity is the main driving force of the European ruling elites’ decisions. I recommend you read more of Luongo’s writings to further understand his discourse on the geopolitical issues.
We need statesmen, diplomacy, negotiation- the world should not look like the USA it needs to be diverse. I too am more concerned re a WW than economics but they go hand in hand - world depression led to WW2 etc
we'd be so much better off to just ditch the Privately Owned Federal Reserve Bank - - America should be coining their own money - not borrowing it from a loan shark central bank at interest
You can't avoid religious discussion as it ultimately link to that. And by the atheism and materialism is the religion.And we are not animals but Spiritual Beings temporarily using animal like body.
We All Believe in Our Own Existence. We Are and Live in Time and Space, Four Dimensions. Physics Posits Eleven Dimensions : Seven Heavens. God is : "I Am Whom I Am" - Top Dog (God) in the Eleventh Heaven - The Divine Essence of Being.
The analysis of Vale is inconsistent. Though I would be careful with such statements, it may very well be that iron ore prices cannot go lower. But why shouldn't the labor and the diesel prices go a lot higher? And what is the situation of Vale then?
Yes, unless retraction mechanisms are built the war(s) will get out of control resulting in near total destruction...... Stonage ? So, war is not the issue ,not being able to retract is the real issue.
Tom mentioned Eurodollar system and how it's contracting. If so, the initial reaction would be lower interest rates not higher. The reaction of the central banks/fiscals is what might cause inflation to soar along with interest rates. He said short bonds... I would take the opposite bet, in the short term. In the long term, I agree with Tom it will be higher for longer...
Does Tom still think the banks are against the federal and central banks or has he not considered the obvious that there all in cahoots with each other
All credibility was lost when asked a question why something wouldnt work he replied saying because its “stupid” and “dumb”. What are you in elementary school or something?? Lol
The fundamental problem with the financial system is the way we calculate the value of financial assets, which is the Fiat US dollar. Instead we should be valuing assets in ounces of gold or barrels of oil.
So this guy is smart but personally have some disagreement. 1st, this system isn't going to limb along another 100 yrs. This is prob got 10 yrs. 2nd, the idea people won't go along with next scam is highly unlikely. He's giving credit that people have remotely the intelligence. Also, they will create a system where people "have no choice" but to comply.
I tend to agree with you on the second point, he seems to believe most people are awake to what their government is doing when making those statements.
30:40 it's who you are when you take off your shoes and walk on the earth in nature which is why I'm never leaving Florida because your knees are still has the ability to take things back in the blink of an eye
It's not as simple as throwing a war and going to CBDC, because CBDC will depend on infrastructure that can't be rebuilt fast enough after the destruction to perform the transactions. It's not like paper currency that can be printed and exchanged without even needing electricity. If worse came to worse, they could literally use antique printers, operated by hand, but CBDCs require electricity, not to mention digital communications. Personally, I believe they will revalue gold and silver, then issue more paper currency that is partially backed by gold and silver. They're dragging it all out, because they can't do what they want to do. CBDCs won't work. Now that they've screwed up the debt based monetary system, they realize that, but it's too late.
That's funny, you must really know something the market doesn't. To be so certain of something to state it like a fact lol, what concrete evidence do you have?
If this is true, once it falls through, no one will trust any digital dollar. That's their problem they need to convince everyone to use the same money. I just can't see it working. They screwed to many people, and forceing them won't work.
@@CommodityCultureWhat he is saying makes perfect sense. What concrete evidence do you have that any breathing person invented BC? Critical thinkers can clearly see it is a psy ops that leads to enslavemen; which is exactly why China adopted then banned it.
The smaller things you need to buy they would use silver gold is to preserve your wealth. If you need to buy screws to use silver you can fly that around just as easy as UPS flies shipments around the world it doesn't have to go by boat like it did in the olden days
I’m glad I watched this and the 1st thing I saw was some bullshit advertisement. 🙌🙌💯thanks for sucking even more life out of me. I’ll leave a 37% tip for bothering this whole situation.
God forbid I should bother you for 30 seconds in a free 47-minute long podcast so I can actually make a living and continue to provide content to my audience.
They sell oil and gas to China in yuan, to India in rupees, then take the cash and convert it to gold on the Shanghai exchange. Because of the sanctions, little oil and gas is sold in US dollars.
The American war for independence was prompted by colonial mercantilists who saw a weak and effete king in George III, and saw an opportunity to break free and no longer have to pay their stipulated tithe to the Crown.
After that, the young nation undertook a policy of “Manifest Destiny” - an almost messianic maniacal policy which served as cover for a genocidal campaign against indigenous peoples and foreign colonial interests throughout the Americas, in expanding its territorial and economic reach. Suddenly a country which started with 13 colonies that could scarcely pay and equip their army, now swept the seas from the Atlantic through the Caribbean and clear across to the Pacific, from Cuba through the Americas, and clear across to the Philippines!
America entered WW I after years of staunch isolationism when the banks saw that the Central Powers were about to win, and that all their loans to the Triple Entente would be total write-offs. Suddenly the Federal Reserve was born as a credit “clearinghouse,” Uncle Sam wanted YOU (a total rip-off of the UK’s Lord Kitchener recruiting poster during the Boer Wars), and it was the sworn duty of every Doughboy to defeat the Hun.
The process grew even more sinister after WW II, whereafter the U.S. replaced the U.K. as the global power. Instead of the Bank of England and the British East India Company dictating policy and stoking wars for profit, it was now the Federal Reserve (and their cronies at the World Monetary Fund) and American corporations exercising their fiat all over the world - toppling governments and flexing their economic, political and military muscle.
And so it goes today, but even more insidiously promoted to largely ignorant masses who think the capital of China is Chinatown.
All the while, refining the Rothschild Gambit. After all, it was the Rothschild patriarch who so infamously boasted, “There would be no wars in Europe, if my sons did not want for there to be war. But give me control of a nation’s money supply, and I care not who rules the land.”
Unless of course, that land runs from the river to the sea.
Then they care… a LOT.
What a banger!
Wow!
History major, I presume?
@@thomasprejean2107 Just someone who knows the capital of China, isn’t Chinatown.
Yes, these are the motivations of the so-called 1%-ters.
But what was the strategy to enable the motivations to become reality?
We get Tom twice in one week! There is no one better to give us intelligent insight to the reality of these times. Thanks Jessie.
Yep Tom knows everything about everything!! Tom for President!
Thank you for tuning in!
@@CommodityCulture The common denominator to the worlds problems like the culture war, banksters, world wide confilict is zionism...
You so right.
@TonyL-gw4qx Yes, Tom is uniquely knowledgeable.
So we are supposed to trust the people who engineered the current economic situation to bring us a new economy,currency etc. and let bygones be bygones.
Trump ... sadly ... sold out ...along with the rest of the rats nest.
I know. Look up Ryan Dawson's great, detailed documentary on him, Trump's Zionist Ball And Chain.
Sadly we have only two "choices"; AIPAC Soros stooge Biden, or AIPAC Netanyahu stooge Trump. God help us.
😅😅😅😅😅 how does a person sold out when he was there from the beginning.. you never heard trump say fake dollars
@@Sweetmuscatwine Clot shots. Long con.
Do you know Rotschilds paid off his debt before he was even in politics? Who do you think put him in the white house?
Does not make sense if his life at at stake now.
Choosing grace is what makes a person connect with their divinity or should i say what a divinely attuned human is supposed to be. Divinity being that ethereal aspect we cannot fully comprehend yet but which guides us away from destruction and towards goodness and self-actualization.
“Awareness buys you time, time buys you options - until it doesn’t. Be aware & prepared.
I love that quote....
"My dogs crazy and there's no way to stop her" rotflmao love this dude!
Tom, anyone who believes you are a zionist has some sort of derangement syndrome. Laugh it off!
LMAO
Tom- forgive
Tom- You are a profoundly decent & insightful gent
I am a fan to this guy! Thanks from bringing him! He stays on Patreon more now and not on YT. By the way I am from India living in US now. He will make sense to a lot of my tribe and they are looking for answer.
Thank you for watching and happy you could get value from the interview!
35:20 "Until you make the unknown known (the unconscious conscious), it will rule your life and you will call it Fate."
Carl Jung
Here in Brazil we are already running on CBDC. It's called pix. And it's rapidly taking the place of physical money. There's practically no more physical money anymore. And now our central bank is launching a new modality: pix credit. I'm telling you, people here love pix! They prefer it even to visa or mastercard. These companies are gonna loose market share rapidly. If you think people won't jump into this kind of stuff you're crasy.
I think it won't be that difficult to push on most people, the vast majority are willingly slaves to the system and think it's great. Interesting to hear about Pix.
When control is theirs they can and will do just that, ability. Counts.
Tom is outstanding! Can’t believe I never heard about him until this podcast! Will start following
Listening to Tom always makes me feel happy that I'm listening to someone who really knows what they're talking about. Tom is one of the best macro analysts anywhere.
Bring it Tom. Tell it like you see it. Very insightful.
Jessie Central banks are buying gold because there is no longer any money to be made with bonds.
chart bond vs tlt see for yourself
This is not a gold rally but a comodetis rally
Gold has no direct counterparty risk like Stocks & Bonds.
No....China and other countries are buying gold instead of treasuries because you don't fund your enemy. Also China knows that the U.S. won't honor it's bonds when war starts....It has nothing to do with investment........Fold is neutral
Jessie, keept it up. And thank you.
Thank you for watching!
@@CommodityCulture Sure will, count on it
This guy is humble and intelligent. Great video.
The world economic forum just adm admitted the USD will die and CBDC will be the new currency
The WEF's Wet Dream: Death of the Dollar and crippling of the USA ;-)
Tom is so informed and knows how to put dots together. Thanx for bringing him on!
Thank you for watching!
I’m a simple man. I see an interview with Tom Luongo, I watch it.
Watch bert dohmen and Bob moriarity too. Two old and wise farts.
A digital version of gold would work as long as it’s backed by gold,that what these printing press economists don’t understand.Back the shit up with something so they don’t turn into the dumbass FED.
Agree,as it is suppose to be,every empire failed from inflation
I always love Tom's incisive analysis. Many thanks
Glad you enjoyed the discussion!
Michael Rivero wrote the original article 'All Wars are Banker's Wars'
Pole shift is accelerating, magnetosphere is weakening, a Carrington 2.0 event prior to 2030 is highly probable, making crypto worthless 🧐
I wonder if we will get the plasma storms that wiped out the last civilizations and left only a handful of survivors in caves afterwords. That would explain the bunkers and the wanting to leave the planet in the rich people sphere.
@@Theweouthereforrealclub- i would think that it’s highly probable if theories on earth disaster cycles are correct 🤔 we’re 500-700 years past due
Exactly! This is the real reason the governments are throwing out law and order. You see past month’s crazy weather, going to get much worse. Magnetic Pole Shift true cause and they are hiding it from Population. Prepare folks if you know how.
Yes I've been following this, you are right.
People mistake climate change for the weakening of the magnetosphere
How do u buy a candy bar with bit coin? Too slow too much cost. It dosent work as money
Not yet. The infrastructure is not in place but it is moving in the right direction. Give it another few years.
Yea it’s complicated, it does need things to happen sure, but it’s already much much much much faster than the current monetary system. Funds take way longer to settle, they are just pushed through on credit now and seems fast, and it’s much less secure. So the hinge are not always as they seem.
@@danhallett4952 FYI - International transactions done via bitcoin now exceed $180 million per day. Compared to a $30 Trillion global economy, it is small but it is growing.
@@Dennis0824the u.s. gov will never allow competition
U folks are dreaming
@@lynnelee4390 You are correct in that the US government THINKS it can block the competition just like they think that they can block competition from China. What you fail to appreciate is that the entire crypto system is decentralized. The only way any government can stop it is to shut down the entire internet. That is never going to happen.
Excellent analysis by Tom Luongo. The points he hits are bullseyes!
You do make it sound like Europe might be or become the driver of war (like in the old times) but if this was your message I am very contrarian to it:
You are right that Europe is at the extreme end of the commodities food-chain but a great consumer of commodities (so is INDIA btw !!) but Europe couldn't / shouldn't care less whether the commodities come from the West side (US, America, Middle East) or the East side (Russia, Iran, Middle East).
So, the drivers of war are/will be the majority of the oligarchs of the West and the oligarchs of the East, not the majority of the European oligarchs.
Me thinks.
You’re assuming commodity is the main driving force of the European ruling elites’ decisions. I recommend you read more of Luongo’s writings to further understand his discourse on the geopolitical issues.
This is great interview!
Glad you found it useful!
I'm less scared of these economics and more the war. We need to negotiate.
😮No.
We need accountability by the neck
We need statesmen, diplomacy, negotiation- the world should not look like the USA it needs to be diverse. I too am more concerned re a WW than economics but they go hand in hand - world depression led to WW2 etc
No reason we can't deposit gold into an exchange and get grams of gold on the blockchain to spend globally.
Are you suggesting Bankers are true enemies of the people, that they disappear?
Corollary to Gen Butler's "War is a Racket", EVERYTHING is a racket, now. Global Weyland-Yutani.
I liked wgat he was saying untul he said bit coin. How about gold on xpr Waaay more likely
we'd be so much better off to just ditch the Privately Owned Federal Reserve Bank - - America should be coining their own money - not borrowing it from a loan shark central bank at interest
Absolutely. But they might kick up a stink if we tried.
@@jozefserf2024 they just did - assassination attempt against Trump just happened
If the banks get rid of cash, which they're work i ng on, ppl will adopt CBDC with universal basic income out of pure survival.
Are crazy ECB has nothing and should buy everything for gold and silver or other commodities...
You can't avoid religious discussion as it ultimately link to that. And by the atheism and materialism is the religion.And we are not animals but Spiritual Beings temporarily using animal like body.
U meanð... bankers' biz..
I would go further than that
We All Believe in Our Own Existence. We Are and Live in Time and Space, Four Dimensions. Physics Posits Eleven Dimensions : Seven Heavens. God is : "I Am Whom I Am" - Top Dog (God) in the Eleventh Heaven - The Divine Essence of Being.
This guy is brilliant. Not sure if it's confirmation bias, but I think he's spot on.
I also find Tom very fascinating to listen to and full of useful info.
Smart guest . Love his views on all matters .
How many wars do we need Ukraine Israel Yemen Taiwan
Wars will end when greed ends.
The analysis of Vale is inconsistent. Though I would be careful with such statements, it may very well be that iron ore prices cannot go lower. But why shouldn't the labor and the diesel prices go a lot higher? And what is the situation of Vale then?
Yes, unless retraction mechanisms are built the war(s) will get out of control resulting in near total destruction...... Stonage ? So, war is not the issue ,not being able to retract is the real issue.
Blinken is like the bully’s toady in Gene Shepherd’s, “A Christmas Story.”
One of my favorite analysts
Same, never miss one of his blog posts.
Tom mentioned Eurodollar system and how it's contracting. If so, the initial reaction would be lower interest rates not higher. The reaction of the central banks/fiscals is what might cause inflation to soar along with interest rates. He said short bonds... I would take the opposite bet, in the short term. In the long term, I agree with Tom it will be higher for longer...
Johnson is in on it.
Yes, it's all connected like you say, but if you can't explain ithen you have no business on a podcast.
Why do you RUclipsrs dwell on things when they happen and not before they do happen?
Superb insight into the current madness tom thankyou
Glad you enjoyed it!
EITHER WAY THE COMMODITY ARE NOT AMERICAN RESOURCES AND THE WORLD WILL NOT TRADE THEM IN DOLLARS OR HAVE AMERICAN BE THE MIDDLE MEN !!!!!!
Do you know what currency Russia is selling its commodities in?
@@greywolf2622 THEY TURN IT TO GOLD
@@greywolf2622,Chinese currency.
Does Tom still think the banks are against the federal and central banks or has he not considered the obvious that there all in cahoots with each other
Tom sees clearly. He is on the level or an intelligent, rational, and spiritual man. Nice
If cosco let you pay in btc everyone would just switch
Within the context of avant-gard macro economics, this is a catastrophe
well im stupid because i dont know what CBDC is
The international clique...
Nice man but something makes me feel he's not a great speculator..
He consistently says he is a lousy short term trader. His perspective is medium to longer term.
29:58 yes they want us to be machines
Mistake
Why did this European man have an African name?
Confirming my plans. Thanks guys.
and who are the Bankers? que hava nagila
Tom ❤
This guy is not honest or illinformed.
Omg this guy is a billion times smarter then me
Check the one from The Colbett report also
Love this! Thanks 😊
This guy is a wannabe Martin Armstrong
He often refers to and greatly respects Martin Armstrong.
@27:00 Gold backed cbdc by 2026
5/11/24
That would appear the plan based on central bank gold hoarding coupled with the crypto/cbdc operation.
This guy is brilliant!!!!!!!!!
All credibility was lost when asked a question why something wouldnt work he replied saying because its “stupid” and “dumb”. What are you in elementary school or something?? Lol
The fundamental problem with the financial system is the way we calculate the value of financial assets, which is the Fiat US dollar. Instead we should be valuing assets in ounces of gold or barrels of oil.
So this guy is smart but personally have some disagreement. 1st, this system isn't going to limb along another 100 yrs. This is prob got 10 yrs. 2nd, the idea people won't go along with next scam is highly unlikely. He's giving credit that people have remotely the intelligence. Also, they will create a system where people "have no choice" but to comply.
I tend to agree with you on the second point, he seems to believe most people are awake to what their government is doing when making those statements.
The compliance during covid was pathetic!
How do they buy silvers, copper and gold? Whit their computer true their banks???
Outstanding interview!!!!!
(She’s crazy) But, you’re still paying for everything.
❤elephant in da room, innit tommo❤
this guy is spot On
30:40 it's who you are when you take off your shoes and walk on the earth in nature which is why I'm never leaving Florida because your knees are still has the ability to take things back in the blink of an eye
It's not as simple as throwing a war and going to CBDC, because CBDC will depend on infrastructure that can't be rebuilt fast enough after the destruction to perform the transactions. It's not like paper currency that can be printed and exchanged without even needing electricity. If worse came to worse, they could literally use antique printers, operated by hand, but CBDCs require electricity, not to mention digital communications. Personally, I believe they will revalue gold and silver, then issue more paper currency that is partially backed by gold and silver. They're dragging it all out, because they can't do what they want to do. CBDCs won't work. Now that they've screwed up the debt based monetary system, they realize that, but it's too late.
Correct Joe Biden them made a big mistake and now they can’t get the cbdc smh
Does Tom know the NSA aka the city of London created bitcoin?
That's funny, you must really know something the market doesn't. To be so certain of something to state it like a fact lol, what concrete evidence do you have?
If this is true, once it falls through, no one will trust any digital dollar. That's their problem they need to convince everyone to use the same money. I just can't see it working. They screwed to many people, and forceing them won't work.
@@CommodityCultureWhat he is saying makes perfect sense. What concrete evidence do you have that any breathing person invented BC? Critical thinkers can clearly see it is a psy ops that leads to enslavemen; which is exactly why China adopted then banned it.
The smaller things you need to buy they would use silver gold is to preserve your wealth. If you need to buy screws to use silver you can fly that around just as easy as UPS flies shipments around the world it doesn't have to go by boat like it did in the olden days
“Objective truthful reality” is the enemy of TPTB. Starts at 29:00
👍💐
Tom!!!
Drunk has to stop drinking - excaktly what I mean 😅😅😅
Great interview.I love his message
Glad you enjoyed it.
Will AI try to drive us toward machine worship?
yeah......
How has Tom Luongo not heard of Kinesis Money yet...?
D's loves goldbugs. Short the D's and buy silver
Speaker needs to speak more slowly and with more diction.
I’m glad I watched this and the 1st thing I saw was some bullshit advertisement. 🙌🙌💯thanks for sucking even more life out of me. I’ll leave a 37% tip for bothering this whole situation.
God forbid I should bother you for 30 seconds in a free 47-minute long podcast so I can actually make a living and continue to provide content to my audience.
27:45 the word you're looking for is parasites
Re: Khrushchev
How'd that prophesy work out?
Vale is 6% dividend not 11%. Where he getting that from?
Banks Again Smooth Criminal
By saying the Russians are “making a lot of money” what is money i.e. what currency are they selling the oil and gas in?
They sell oil and gas to China in yuan, to India in rupees, then take the cash and convert it to gold on the Shanghai exchange. Because of the sanctions, little oil and gas is sold in US dollars.