The Pete Quiñones Show - Episode 1177: Trump - '28 Days Later' w/ Tom Luongo

Episode Date: February 20, 2025

93 MinutesPG-13Tom is the proprietor of the Gold, Goats, and Guns blog and has written for everyone from LewRockwell.com to NewsMax.Tom was invited by Pete to appear on the show and provide his thoughts on Trump's first 28 days.Gold, Goats and Guns BlogTom's PatreonTom on TwitterPete and Thomas777 'At the Movies'Support Pete on His WebsitePete's PatreonPete's SubstackPete's SubscribestarPete's GUMROADPete's VenmoPete's Buy Me a CoffeePete on FacebookPete on TwitterBecome a supporter of this podcast: https://www.spreaker.com/podcast/the-pete-quinones-show--6071361/support.

You catch them in the corner of your eye. Distinctive, by design. They move you, even before you drive. The new Cooper plugin hybrid range. For Mentor, Leon, and Terramar. Now with flexible PCP finance and trade-in boosters of up to 2,000 euro. Search Coopera and discover our latest offers. Cooper.

Design that moves. Finance provided by way of higher purchase agreement from Volkswagen Thuron Financial Services, Ireland Limited. Subject to lending criteria. Terms and conditions apply. Volkswagen Financial Services Ireland Limited. Trading as Cooper Financial Services is regulated by the Central Bank of Ireland. Ready for huge savings?

We'll mark your calendars from November 28 to 30th because the Liddle Newbridge Warehouse sale is back. We're talking thousands of your favourite Liddle items all reduced to clear. From home essentials to seasonal must-habs. When the doors open, the deals go fast. Come see for yourself. The Lidl Newbridge Warehouse Sale, 28th to 30th of November.

Lidl, more to value. Discover five-star luxury at Trump Dunebeg. Unwind in our luxurious spa. Savour sumptuous farm-fresh dining. Relax in our exquisite accommodations. Step outside and be captivated by the wild Atlantic surrounds. Your five-star getaway, where every detail is designed with you in mind. Give the gift of a unique experience this Christmas,

with vouchers from Trump Dunebag. Search Trump-Ireland gift vouchers. Trump on Doonbiog, Kush Farage. If you want to support the show and get the episodes early and ad-free, head on over to freeman beyond the wall.com forward slash support. I want to explain something right now if you support me through Substack or Patreon. You have access to an RSS feed that you can plug into any podcatcher. including Apple, and you'll be able to listen to the episodes through there.

If you support me through Subscribe Star, Gumroad, or on my website directly, I will send you a link where you can download the file, and you can listen to it any way you wish. I really appreciate the support everyone gives me. It keeps the show going. It allows me to basically put out an episode every day now, and I'm not going to stop. I'm just going to accelerate. I think sometimes you see that I'm putting out two, even three a day. And yeah, can't do it without you.

So thank you for the support. Head on over to freeman beyond the wall.com forward slash support and do it there. Thank you. Well, with all due respect to Danny Boyle, here we are 28 days later. And some kind of apocalypse has happened. And so how are you doing, Tom? Some kind of apocalypse, yeah, for the Bank of England. You know, and I'm okay with that.

Like, I've only been, wait, I've only been hoping for this for like most of my adult life, I guess. I'm not sure. I'm not really sure, Pete, how are you? I'm doing good. How bad off are they? I mean, they have to be, when you look at the, like, the gold stats that have come out lately, just that is a dagger. is a dagger in their heart.

So how bad are they? It's pretty freaking bad. I just got finished doing a recording a podcast for my podcast with Eric Young and Vince Launchy and Eric was going through the stats of just how much goal that stood for delivery on the Comax over the last three months. And it's insane. And we all came to the conclusion that it's pretty obvious that, you know, we've been living under a weird kind of sciop.

in the gold and libertarian community thinking that it would be that the Americans were the ones that were defending the dollar by leasing out all their gold and then using it to suppress the price of gold. And under globalists like Bernanke and Yellen, I agree with that completely. Under Powell,

I don't think that at all. And I know that's going to like, you know, that's going to freak people out and everything else, but I'm going to tell you, this is the whole United States, this bankrupt thing is a British sci-off. I'm now firmly and thoroughly, utterly convinced to this.

And I didn't believe that just a month ago or even six weeks ago. But when I really started to think about the, you know, I've been, I've been talking for a long time about this, plenty of ways to recapitalize the United States. And, you know, there's things that we can do with the balance sheet and cash flow and cutting the budget and all the stuff. And it starts with, you know, Powell raising interest rates to five and a half percent. And all the stuff that I've chatted about with everybody for the last three years was one thing. But I never really had a good, like, really good handle on like, okay, how do we get out of this? What do we do?

I mean, I mean, I knew what we would do. But like, why would we do this and how would we not be subjected to, you know, countervailing forces? Because I didn't think anybody on Capitol Hill or in the incoming from administration really understood the parameter. And I didn't quite, I hadn't quite put all the pieces together, right? And it's really easy. It's all about the LBMA and their ability to infinitely re-hypothecate assets at par and then use that to manipulate credit spreads, exchange rates. Tell everybody with LBMA is. So, yeah.

Tell everybody what the LBMA is. Oh, I'm sorry. The LBMA is the London Bullion Market Association. So they're, it's the over-the-counter, you know, market for making, you know, unofficially. market for making trades and gold. So they, you know, they should call futures and, you know, and that's, so, and it's nothing really about matter about the specifics here, okay? Like, what matters is, is that it's only over the last couple of years that I've really come to understand that, you know, all roads lead to London and while all roads lead to London, and now I can actually talk about

this stuff, you know, kind of mechanistically as to where the attack vectors are, where there are vulnerability is a lot. And, you know, we all sat here going, well, the U.S. is clearly insolvent because it's $36, $20.20. They're running a huge 7% of GDP budget deficit and blah, blah, blah, blah. But at the same time, I was saying, yeah, but we're run by vandals and traders. So why don't we just stop being run by vandals and traders and see what happens? And I was never really expecting a kind of of, frankly, revolutionary behavior out of the Trump administration. I was, I was, I was, was expecting some good things, but I wasn't expecting anything like this. I wasn't expecting Trump to come in like President Luongo and just like, beaten everything over the head with a

stick with a vengeance. And that's exactly what he's doing. And he's, and I think the word vengeance is a pretty good one. Because once he unleashed Musk and his army of, you know, 19-year-olds with laptops to map the payment systems of the U.S. for the various departments for the last 60 years to find out just how badly these people have been stealing our money and then using that stolen wealth to enslave us to their will. Like at this, I mean, within four days, he had the entire country properly outraged. And now he's got, now he can do whatever he wants. And now he's got, but on top of that, he's got, he's got.

all the goods now. Now you notice that all of this, well, we're not going to really let Trump do what he wants to do and everybody was acting like, that's not that big a deal. And now they're all freaking out and notice how every, how the Republican, the squishy Republicans have all rolled over on his cabinet. That's your biggest tell. The only one who's holding out is Mitch McConnell because he can barely stand up. So, you know, McConnell, I mean, the over under on McConnell stepping down is about, I don't know, two weeks. Because he's just staying up there to be spiteful until all the cabinet's finished.

And maybe he'll stay around to try and throw a dagger in the heart of budget reconciliation. And then he's done. He's out the door. So if London doesn't have any gold, they have nothing to lend against. And from what everything I've seen, it seems like all of that gold has been rolling into New York and rolling into the United States for safekeeping.

100% of time. Okay. Now, 10 years ago, you probably could have made the argument that Wall Street, even the Federal Reserve, was in bed with the Bank of London. And if the Bank of London was having problems, we'd just be shipping half that gold over to them so they could stay in business. That's not what happened. Now there are people in charge here who hate the city of London and who are actively at war with the city of London. So what is that, how are we supposed to read that for the future going forward? And what happens when, what happens if who's the next chair? Who's the next Fed chair going to be? And will they be able to turn it back to where it was 10 years ago? Okay. Let's, let's, no.

The short answer will be no, because Trump will be in charge when Powell's term is up. All the, as I just told you, with the cabinet. the picks, there is no organized resistance within D.C. on Capitol Hill. By the time Powell's term is up, the midterms will already happen. And if you think Trump has a durable majority here because he's got Monella envelopes stacked to the ceiling against all these people, then imagine what it's going to look like after a midterm where he pledges to get rid of the income tax. He'll have 60 seats in the house, 70 seats in the house, like he should have had in 2018. Or, you know what I mean? So, or you should have had on, you know, in November. So,

but let's, let's back up for a second. What I was trying to say at the outset is the whole idea that the Americans have no assets left on their, that they have assets and only liabilities is a SIO. And it was a Siam fed the Libertarians because libertarians wanted to believe this, because libertarians wanted to believe that everything was corrupt. And, And maybe while the – and maybe that analysis was trenchant and accurate and on point up until Trump's first election. And then Powell being put in charge of the Federal Reserve, as I've documented, you know, to hell and gone about all the moves there. But just taking a step back and saying, it's not just the Fed here. It's also – it's everything else.

at some point when the liabilities are this high, I've been telling, I've been screaming to the high heavens, we have all this gold. Why would you believe that the gold's not at Fort Knox or it's not in the basement of the Marinerkel's building? Why would you believe we would give this up when you can just re-hypothecate it through City of London

and everybody nudge, nudge, wink, wink, knows that it's, you know, it's all a game. It's all shell game. No one ever expected New York to go after London. I didn't. No one did. Why would we? And the narrative of the U.S. is at the heart of suppressing the gold price because they're trying to defend the dollar is a good narrative.

It may have even been inaccurate one at one point. But it doesn't mean that it was being done strictly through the Comax. It was always being done through London. So it was always being done with, you know, a wink and a nod and a hand in the glove. And when globalists were ascendant, right? Wall Street, I've said this before. When when globalism is ascendant, look, they're not going to like stick their heads up and go, no, no, we don't want this.

No, they're going to go along to get along because they've got fiduciary responsibilities to their shareholders and their boards and this, that, and everything else. Everybody's going to do what they need to do to survive. And then hope that's something that the tax, that the taxpayers and the political process will change the direction of things. But there's nothing they can really do about it until the people get so fed up. They're like, yeah, no. Or the threat to their future business was put in front of them.

And as I've argued in the past, the plan of the WEF and Europe and everything else was to do away with commercial banking. And once you say to, once you turn to the commercial banks on Wall Street, you guys don't have a place. at the table anymore. Well, then the wailing of, then we don't get the, we don't get the, the, the, the, the, the, the, the, the, the, the, the, the, the, the, the, the, the, and, and, and, and, and, and, and, and, and we're seeing over the European Union for being left out of the table, we're left at the kids table and the negotiations over the end of Ukraine. No, we get the titans of Wall Street to turn around and go, no, no, fuck you all. You're our bitch now. And we're going to go get the might of the American empire. And we're going to back our play with the might of the. American Empire. Military, political, diplomatic, financial, all of it. And then they got their guy Trump, who put their guy Powell in place. And the rest of it is history. And the rest of it is all and all the backbiting that we've heard from our libertarian brethren, or as I'm going to call them under our shit libertarian brethren to go along with the shit libs over in, over in the Democratic Party.

their wailing a gnashing of teeth is, it's not just cope, it's learned helplessness. And we're now in a different world. This is a world where we've always lived under one regime. Okay, the government's corrupt. Yes, we know the government's corrupt. No one's arguing the government's any less corrupt today than it was yesterday. It's now working for its own survival. Trump's going to do a whole lot of things, Pete, that libertarians are not going to like.

and even former or post-libertarians aren't going to like. Okay, there's going to be a whole lot of public-private partnership stuff that we're just going to look at and go, what are we doing here? Is this America? Well, when your finances are as bad as ours are, you don't really have much of an option. So that being said, I needed to get that established. No one ever thought the Fed would become the guy in our question. corner to defend the commercial banks against the shitbag communist over in Europe.

I still think there, I still get people yelling at me that I'm full of shit. Most of them work for MI6, clearly. But that's fine. Or they don't, if they don't work for MI6, they take all their talking points for MI6. And the, or the people at the Mises Institute refuse to see the world for as it is. I don't know. Okay. So let's do the, let's do the, let's do the same. math for the gold market. If Trump is trying to do away with the income tax, if Trump is trying to put up tariffs and fund the country that way and get rid of the income tax and move us to a domestic currency that trades at a premium to the offshore dollar, a domestic dollar that trades at a premium for Americans with higher purchasing power than the offshore dollar, similar to China's,

by the way. Then he has to get control of the gold market, and he has to call in all the gold. London never in a million years thought that we were going to be the ones that, you know, created the margin call on them. And they thought they had their man, Nigel Farage, sidling up to Trump to make, to make sure that everything was on the up and up. Farage is completely out of himself as a city of London guy, like through and through. And it's a real shame. And, but it is what it is.

So, like, I don't care anymore because I understand that what's being done right now is not being done just to liberate Americans. It's being done to liberate the entire West and the global South from this bullshit of these goddamn European bloodless vampires and pedophiles and peters and every other P word you can come up with. and that's where we are. And watching them lose their freaking mind over Ukraine and the potential for peace to break out, that's beyond the pale. And I'm sorry, but I'm tired to be in the help. So go fuck yourselves.

Gold's ours. And we're going to buy it all. And then we're going to stick it in the sovereign wealth fund. We're going to monetize it. And then we're going to fix the balance sheets of everybody currently, not currently making 200 grand a year or less. And everybody else can take and spend for themselves. But that's what's coming.

And I know how he's going to do it. And we may or may not talk about it today because I don't want to jinx anything. Ready for huge savings? Well, mark your calendars from November 28 to 30th because the Liddle Newbridge Warehouse sale is back. We're talking thousands of your favorite Liddle items all reduced to clear. From home essentials to seasonal must-habs, when the doors open, the deals go fast. Come see for yourself. The Liddle Newbridge Warehouse Sale, 28th to 30th of November. Lidl, more to value. You catch them in the corner of your eye. Distinctive, by design, they move you,

even before you drive. The new Cooper plugin hybrid range. For Mentor, Leon and Teramar, Now with flexible PCP finance and trade-in boosters of up to 2000 euro Search Coopera and discover our latest offers Coopera Design that moves Finance provided by way of higher purchase agreement from Volkswagen Financial Services Ireland Limited Subject to lending criteria, terms and conditions apply Volkswagen Financial Services Ireland Limited

Trading as Cooper Financial Services is regulated by the Central Bank of Ireland Discover five-star luxury at Trump Dunebag Unwind in our luxurious spa, savour sumptuous farm-fresh dining, relax in our exquisite accommodations. Step outside and be captivated by the wild Atlantic surrounds. Your five-star getaway, where every detail is designed with you in mind.

Give the gift of a unique experience this Christmas with vouchers from Trump-Dunbeg. Search Trump-Ireland gift vouchers. Trump on Dunbioghush Farage. I want to get through the budget process first. How does Vance's speech with the Munich Security Conference tie-ins to all this? Perfectly. I mean, in a word, it's the most consequential speech given by an American since FDR said,

you know, we have nothing to fear but fear itself. Literally told all of, all of Hectoring, animus-possessed female Europe. And I include Emmanuel Macron in this and Kier Starrmer in it. that group because they ain't men. You're a bunch of Nazis. That's what Vance said. And he flat out told them, we don't have shared values.

If your shared values are you put people in jail over mean tweets, which is, what have I been saying for five years, Pete? We're not Europeans. We're the Europeans who fucking left. because Europe's shit or Europe's leadership is shit. And the European people have been subsidized by Americans for all of our lifetimes to then look down their noses at us with a, you know,

and I'm at the point now where I can describe this as a family system problem or narcissistic abusers or all that. But that's what's playing out. The kids are waking up all around the world and they're saying, They're turning to their narcissistic abusive parents and saying, it's my life now. And you can't shame me for who I am. You know what?

Yeah, we're Americans. Yeah, you're going to boo our national anthem. Put it on the ice, boys. Pick up your chicklets and don't miss a shift. What they did at what they did at the U.S. Canadian hockey game? It's hilarious. Yeah, but that's anyone who knows hockey knows that we. boo the we boo o Canada I've seen I've been to hockey games where we've where the crowd has

booed oh Canada and you've you've seen anyone who's watched hockey as long as I have who played hockey it's a rivalry it's just what it is and the and those fights in the first in the first nine seconds that's that's just hockey is literally hockey but you know come on I wanted so I've been seeing some Europeans on the timeline spurging out especially over people talking about the city of London. Do you know, Tom, did you know that there are many places in the world to launder money, like the entire third world more or less? Why is the city of London so important?

I mean, isn't it just Kier-Starmor trying to assume the mantle of King of the Globalist Network? Maybe. Well, no, he's just doing, he's just, he's a lieutenant. I mean, let's not, let's not kid ourselves. He's a lieutenant. and he thinks he's going to come to tell Trump like to tell Trump is business. And yeah, and they are,

it's nothing about a big money laundering operation that has its, has its tentacles all around the world, Hong Kong, Singapore, the Caymans, blah, blah, blah, everywhere. And every time anybody attempts to break down that network, you'll notice that they get some of that color revolution over and over again.

I bring up Hong Kong, go back to 2018, in the extradition treaty. Why was there such a pew and a, cry over the extradition treaty in 2018 that wound up with, you know, wound up with soy boys and black block, you know, terrorizing Chinese business. Hong Kong business. Was that the umbrella revolution? Was that the umbrella revolution or the yellow?

I don't know. Yeah. I don't think it was the yellow revolution. Terry Lamb, the governor at the time passed a law to extradite people back to mainland China if they broke the law in Hong Kong. And we got a color revolution. And I wrote about it back in 2018. is that this is MI6.

This is city of London trying to protect their assets at, you know, there are guys at standard chartered, by the way. I know you're going to be shocked to hear this, but there are guys at standard chartered and at Barclays and at Northern Rock and all these other frigging British banks

that they have the title of senior VP of operations over Vietnam. They work for MI6. They launder money for whom, ever. Like, that's what they do. And the Chinese were putting a rule in place that they could take those guys and they get extraded them back to China and question them. This shit's been going on for a long, long time. Every time there's peace is going to break out between China and India or India and Pakistan. Somebody dies. Car bombing. Some weird thing happens. Same thing here in the U.S.

like the other day. The day, that even the Munich Security Conference, they got some friggin Arab on SSRIs to drive into a fucking crowd. In a mini Cooper. Yeah. Oh, in a mini Cooper?

It was a mini Cooper. A German-made British icon of automotive, of automotive history. Couldn't pick a better piece of, couldn't pick a better car for that. No way you could have picked a different. They pick that car on purpose. People are evil and they're done.

And we need to stop. We need to stop thinking that they matter. They settle 30% of the Forex trade in the world, the British pound does. That's their vulnerability. Because it's the only thing they have left. They strip mine everything else. Like it's their insurance industry, their marine industry and their shipbuilding, the remnants of the shipbuilding industry and Forex trading.

That's it. You have a lot of people who are going to die screaming Israel, Israel. Donald Trump has, Donald Trump is owned by Israel. Has there ever been a president who has done more to damage their, the money flow and their power in the United States than Donald Trump has 28 days later? No, because you, because you talk Israel, you have to talk Sydney of London. Like, Israel in the city of London project. Israel cannot exist without the city of London. Right.

This is why I always, like whenever somebody said to me, well, just name the Jew, just name, like, why? The British are worse. And yes, some of them happen to be Jews. Like, I know this. Like, I'm not, I'm not, I'm not unhipped to this, folks. I get it. But it's bigger than that.

There are plenty of Anglo-Saxons. involved in this that aren't Jews. Like, it's not that. It's that Israel was always their land-based aircraft carrier to sow discord and protect the maritime sea routes around the most important sea routes in the world where all the energy happens to be at the same time. Like, you don't have to be, you know, you don't have to be Jewish to want to control that. Like, I'm sorry, you don't. but it's a convenient cover story to then deflect the evil onto a different group, just like they've deflected a lot of their foreign policy goals onto us. I'm not saying that Trump isn't, I don't think Trump is going to allow Israel to be destroyed,

but I don't think he's going to start World War III over it either. It would be kind of dumb. No, actually, if you really stop to think about what Trump's, like, ludicrous proposal for Gaza is, it's to take away the religious claim to Gaza from the Jews. It's like, no, it's ours now. We're going to rebuild it. It's ours. If we're going to rebuild it, it's ours.

You don't get the claim religious, and so nobody gets to claim religious, you know, ownership of the land. Because we tawdry Americans are going to come in and we're going to put hotels on it. And we're going to drill all the oil off the, and all the oil and gas off the shore. And we're going to take the profits. We're going to stick it in the sovereign wealth fund. And we're going to pay down our debt with it. Oh, you don't like that plan? Do you have a better one?

And now all of a sudden, the minute he put that out there, now the Arabs were coming to the table. And Netanyahu is in, you know, in political trouble in Israel. You know, the whole thing is, I'm not saying that, you know, but there's a lot of people out there who will accept nothing less than Israel being wiped off the face of the planet as an acceptable outcome. And to those people, I say, well, you know, that's nice, but you're relevant. And maybe, just maybe you're carrying water for people you profess to hate. What? You can't be a useful idiot? Like, really?

Have you read some of the tweets that are coming out of some of people who, you know, I had formerly had a lot of respect for? And they just keep outing themselves as just anti-American shitbags. People just hate their own country. And I'm like, wow. I didn't, I really didn't know that you, you know, took a paycheck from the Russians or from this one or that one, whether you realize it or not. But I'm so over it. Like, you know, this, it's not a black and white world. Donald Trump is going to eventually carve a piece out, P-E-A-C, a piece out of both Ukraine and the Middle East.

He's got Putin for Biden. He's got G for Biden. Does everybody not realize that there's a, that Yalta, too, is like six weeks away, eight weeks away? Because it's staring in the face, folks, or was it late February, 10 weeks away? You know what I mean by that, right? What's the 10 weeks away? I'm not following. Victory over Europe Day in Russia.

The equivalent, if not more so, than our 4th of July, where Putin has invited both Trump and Xi. And did you check the readouts from the initial talks between Rubio and Lavrov? Four and a half hours' worth of talks. And they want to end sanctions. They want to normalize diplomatic relations. They want to reopen trade. they want to do this, they want to do that.

Really? And who's the only people on the planet calling Trump a Putin puppet? The same goddamn people that have been calling them a Putin puppet for eight goddamn years, nine goddamn years. City of London. It's not hard, folks. Your media is all, we've just had to you almost prove to us that all of our media, every bit of it that matters. is owned and operated and run by our NGOs that you paid for to gaslight you into believing that your country had no future. And if you haven't gotten that memo yet, if you haven't gotten

that TLDR through your head yet, you might spend too much time on fucking Reddit. You catch them in the corner of your eye. Distinctive by design. They move you. Even before you Drive. The new Cooper plugin hybrid range. For Mentor, Leon and Terramar. Now with flexible PCP finance and trade-in boosters of up to 2,000 euro. Search Coopera and discover our latest offers. Coopera. Design that moves. Finance provided by way of higher purchase agreement from Volkswagen Financial Services Ireland Limited. Subject to lending criteria. Terms and conditions apply. Volkswagen Financial Services Ireland Limited. Trading is Cooper Financial Services. is regulated by the Central Bank of Ireland.

Ready for huge savings? We'll mark your calendars from November 28 to 30th because the Liddle Newbridge Warehouse Sale is back. We're talking thousands of your favourite Liddle items all reduced to clear. From home essentials to seasonal must-habs, when the doors open, the deals go fast. Come see for yourself.

The Liddle New Bridge Warehouse Sale, 28th to 30th of November. Liddle, more to value. Discover five-star luxury at Trump Dunebeg. Unwind in our luxurious spa. Saver sumptuous farm-fresh dining. Relax in our exquisite accommodations. Step outside and be captivated by the wild Atlantic surrounds.

Your five-star getaway, where every detail is designed with you in mind. Give the gift of a unique experience this Christmas with vouchers from Trump-Dunbeg. Search Trump-Ireland gift vouchers. Trump on Dunebiog, Kush Farage. or in, you know, at a libertarian party meeting. Yeah, I've been, we were going over, examining one of the quote-unquote right-wing think tanks and came across the name of Paul Singer. And Paul Singer is basically responsible for the Steele dossier.

And who put together the Steele dossier? What intelligence outfit put together the Steele dossier? I think it was at my six. Oh, yeah. Oh, yeah. Last I checked. Didn't read, yeah,

because Christopher Steele ran the, the Russian desk, the Moscow desk for my six. Like, guys, and Trump knows all this. You think Trump doesn't know who tried to set him up for eight years?

Who got rid of, who probably routed all the frigging fake votes and everything? They did this. And they always run with plausible deniability, these, these, these, these,

these, these, these, these, it's beyond, it's, it's, it's over.

And here's the funny part. Everybody then turns, what I've heard is, everybody keeps trying to like turn it around and go, no, it's really the Mossad. Do you have chapter and verse on that? I know what I can point to, just staring us in the face.

You have, you know, you might have, you might even have a point. But saying Mossad is responsible. And saying Mossad is responsible for like the Steele dossier is just, you're basically working off of presuppositions. Your pre-supposition is that massage responsible for everything.

I mean, literally, some of the people who, some of the people, some of these people who want to point to the Jews as doing everything, they're bigger Zionists than most of the Zionists in Israel. Because they think they're superheroes. They think they're, like, they can, they can control everything. And it's like, well, who can? This is, you know, I have, I've been really, I haven't grown tired lately of, of, reminding people that Miriam Adelson's not the person who's given Trump the most money in his life, and neither is Elon Musk. It's been Saudi Arabia. Saudis have been responsible for, you know, Tucker just had on the richest man in Saudi Arabia who they actually just brought up the fact that,

oh, didn't you buy Donald Trump's yacht? Was it that you who bought Donald Trump's yacht? And they remember they, what was it, his second bankruptcy? They were the ones who bailed him. It was some Saudis who bailed him out. I mean, why do you think all these, why do you think this peace summit's happening in Saudi? Why do you all of this thing, all of this power? Yeah, good. Well, I was going to say is, you know, Mary Madelson gave him $100 million. Yeah, that's the, that's the price of access to the Trump White House now. That's not I control the White House.

That's, that's the price of access to the White House for her. that's all she was doing she was having to pony up like it's you know every version of a meeting or a money flow or this can always be spun can can always be spun one way and then it can be look at it you can always reframe it look at a different way like I used to have a guy on Twitter used to follow me around like every time I tweeted about the Fed and kept saying why did Larry think me with Powell eight times if he wasn't given Powell his marching orders and blah, blah, blah, I'm like, why do you believe that Larry Fink can give Jerome Powell his marching orders? What evidence do you have of that when Powell's clearly at 5% interest rates? Maybe it's the other way around. Maybe it's Larry

think going hat in hand to Jerome Powell and saying, come on, man, I thought we were on the working on the same team here while he tries to, you know, schmooze his way back into Powell's good graces to get him to cut interest rates to bail out fucking London and Brussels, who he really works for. And Powell was like, just close the fucking door on your way out, please. Like, why would you, why, I mean, it's the same thing here. Why does the fact that Miriam Adelson gave Trump money mean, it's prima facie evidence of, of corrupt, you know, I mean, of whatever it is. It can mean a number of different things.

And from the moment I heard that talking point repeated over and over and over and over again by Bitcoiners, by libertarians, by Zionists, by this one, by everybody. I'm like, oh, that's the talking point. It's the MI6 equivalent of Emily's list for going after Trump. You know what Emily's list is, right? It's the Democrats' talking point generation system that they get together on Sunday night and then they publish Emily's list on Monday and then they get their talking points for the week. Well, you know, Trump is moving so fast that the fucking, you know,

Emily's list is, is outdated. The talking points are outdated by Tuesday, which is phenomenal. Right. So it's the same kind of thing. I'm done with this whole stuff, with all that stuff, because it's clearly we're moving in a different direction. So clearly Trump is trying to extricate us from this mess. He may not do it perfectly. and of course the people who were just, I like, come on, dude, I mean, like, why does Nick Ponce have a friggin platform still? You know why.

You know why. It's act as a disinformation agent. That's his job. I don't attack people who don't attack me. So I don't, I don't say anything bad about people until they attack me and Nick's never said anything bad about me. So, you know, I let other people do what they do. And there's a lot of people I just ignore.

But fair enough. But I look at these things happening and certain people come back into the zeitgeist and then are allowed to do their thing. And you're like, oh, well, I mean, it's clearly has this clearly an agenda. Like, you know, Steve Bannon's never gone after me or there are any, it probably doesn't even know my name. But I know he works for, I know who he works for because it's pretty freaking obvious. Because he's still trying to gin up a frigging war with China.

I've come to the opinion that the reason why the Bank of London can't really do what they do anymore and why Israel is Israel's power and, you know, even any kind of power, European power, power centers out of Europe can't exist anymore. It's just because they're anachronisms. It's just not the way business has done anymore. I mean, you could scream all day that money is even more fungible now than it's ever been. But still, it's your, there's a certain level of control because everything's so out in the open. And you also have, basically it's like people are still trying to, it's like they're still trying to operate using Usenet while we have the internet, while we have the World Wide Web. And that's why they're failing.

It's an anachronism. It was, it's bound to fail. Israel is Israel is bound to become I don't think Israel's going to be destroyed but I think it's going to become something else I think it's just going to become like another Western country that's

multicultural and they're eventually going to have to let people in and because they're an anachronism they can't exist the way they exist anymore you can't have a country that pretends to be Western that's warring all the time against their neighbors and who's you know who's like

oh we're going to expand we're going to take this and we're going to take that it's like Well, no, you're saying, it's amazing to me that Putin is not allowed to have the Donbass, but Israel, the same person who says they're not allowed to have the Donbass and they shouldn't be, they shouldn't be invading another country. Israel can go and do whatever the fuck they want. And they're like, oh, but that's, you know, that's divine mandate or some other kind of bullshit. Oh, I know.

It's outdated. It's madness. This same argument. I mean, you know, this is one of the, it's one of the areas of distinct disagreement between myself and Dexter White. You know, my, my partner would go gold goats and guns is, is about Putin's invasion of Ukraine. And like, well, if we're going to redraw, we're going to use force to redraw political borders, I guess that's the world we live in now. I said, well, you should have mentioned that, you know, you should remind, you know, if you're going to get angry about that, then you should remind NATO about what they did in Yugoslavia. Okay.

Like, that's not more Endowment for Democracy, by the way. National Endowment for Democracy, by the way, that is having all of their funds taken away from them. Yeah, like the whole, like, you know, we're all fond of saying, like, history didn't start in 2014 or didn't start in 2020. Well, I got news for you. It didn't. Like, and you can't cut, you know, you can't cut it off. Like, and, you know, I'm not, you know, and you'll be the first one not to defend Israel.

and their use of, you know, they're, you know, changing borders and everything else. But like, you know, you can't just hide behind the, who was the one who crossed the border first as the, as the arbiter of who's in the right and who's in the wrong in these kinds of situations, when you clearly have people crossing into that border, like, beforehand and ginning up unrest and ginning up civil war and ginning up all of these things. And then say, well, they didn't, you know, we didn't, you know, Russia invaded Ukraine. Ukraine didn't do anything wrong yet, but Ukraine was bombing the Donbass and denying people their free association for years.

And then they were talking about getting nuclear weapons. Like, I'm sorry, but certain things, you know, the arbitrary political. the border. This is kind of where, you know, you can actually make that, that whole libertarian argument about, you know, arbitrary political borders being valid. Like, it's an arbitrary political border. The bomb crossed the fucking border and you're going to sit here and you're going to use that as the demarcation because you need to have some legal framework for this, but there is no legal framework. Ukraine unilaterally decides that the Donbass, that the people of the Donbass are not allowed to form their own country and are willing to bomb them and invade them

in order to do so, and you're okay with that. And then when the West lies about the ceasefire and the purpose for the ceasefire and everything else, and then continues to build an army to invade those people with, and you are going to fall back on some arbitrary political border, what about the fucking people? Like, sorry, this is clearly a war of aggression on one side versus the other. I don't, you know, like it or not. Or you can just say everybody's in the wrong and whoever fucking beats the other one up more and fights and and, and, and, and, and, and, and, and, and, and, and, and, and, and, and, and, you know, is the winner. And there's no right.

There's just winners. And you can not like that, but it is what it is, but you can't justify it. you can't on the one hand justify Ukraine's actions, you know, and denigrate Russia's actions any more than you can denigrate Russia, you know, you can justify Russia's actions and denigrate Ukraine. Like they're both in the, if you want to play that game, they're both in the wrong and the Russians are going to win. And then you don't like the outcome.

And so now it's going to be, you know, Putin's mess. I got news for you. Putin is going to get reparations from the West and Trump's going to give it to him. It's not going to be the other way around. and this is why I think Europe is screaming. Now, I just popped into my head why they're screaming so hard. Because Trump is going to be like, look, we're going to get our money's worth out of fucking Ukraine.

Putin gets to have what he wants. And yeah, we'll probably give him, we'll give him whatever he wants in order for us to get what we want. And then Europe can like figure it out from there. And oh, by the way, the Russians should get their money back. That you stole. Or if you're not going to give it back, well, then you stole $300 billion from these guys. Use that to rebuild Ukraine, Mazel Tov.

Like, that's what's going to happen. And that's why they're so freaking angry. You catch them in the corner of your eye. Distinctive. By design. They move you. Even before you drive. The new Cooper plugin hybrid range for Mentor, Leon, and Teramar.

Now with flexible PCP finance and trading boosters of up to 2,000. thousand euro. Search Coopera and discover our latest offers. Coopera. Design that moves. Finance provided by way of higher purchase agreement from Volkswagen Financial Services Ireland Limited. Subject to lending criteria. Terms and conditions apply. Volkswagen Financial Services Ireland Limited. Trading as Cooper Financial Services is regulated by the Central Bank of Ireland. Ready for huge savings? Well mark your calendars from November 28 to 30th because the

Liddle Newbridge Warehouse sale is back. thousands of your favourite Liddle items all reduced to clear. From home essentials to seasonal must-habs, when the doors open, the deals go fast. Come see for yourself. The Liddle New Bridge Warehouse Sale, 28th to 30th of November. Lidl, more to value.

And now this is over the next to Hamsira. It's leargoal to a guehah and not great gree-e in Aondon and leander to Gaela to Gaela Gael to Deereen. In Ergaret, We're talking in Woonaha with Foniven

Voonah To us Ration do do you do a lot of Aangach Aangachian on us

to find out of every family, Gnaw and people tariff in Tashdy. There is

a cooct do Agen. Follam more in Agerid Pongahy. Yeah, I think what's going to happen

is that basically this will come to an end Russia will get what they want. And I think one of the biggest

fears you're seeing now, especially in Germany, I don't know if you see in this video of these people being interviewed, these prosecutors being interviewed saying, yes, if anybody says a lie on the internet, we have to prosecute them because that lie is forever. You can't, you know, if you're not going to take it down, then it's there forever.

I think the biggest fear is that, and it's the, and it's a fear that goes back, we're talking about a historic fear, is the AFD is going to get power in Germany, and they are going to make a deal with Russia. and Russia is going to start sending them resources, and Germany is going to start building back into the main European power that they were always destined to be. And that scares the shit out of the city of London, international Jewry, everyone. Yep. Yep.

Yeah. And, but I honestly think that is what's going to happen. Yeah, no, I don't disagree with you on that point. I'm just going to broaden the scope of that point because it's a it's a it's a it's the fulcrum on which everything else is like I said earlier do you not understand that the a new yalta is coming one of the things that I I don't remember if I said it first in either public or I remember chatting with Alex Craneer about this one day and I said Alex at some point we just need to look at a map of the world and we lay the world out flat we don't have Europe at the center of it anymore take the center of that map. and shipped it to the Pacific Ocean. Now, the problem with that is it's not a particularly compelling map because it's just a big blue body of water. But around the edge of that map are your three major powers for the rest of the 21st century,

the United States, Russia, and China. And the Russians are going to control Eastern Europe. But they're going to control Eastern Europe willingly this time with Germany eventually as a partner. And the United States is going to have their backyard taken care of. They're all fighting over the Arctic. Why we have to go after Canada and Greenland is absolutely about the Arctic sea routes. And to ensure that there's no Chinese access to the maritime sea routes of the polar region.

And the Russians and the Americans are going to are going to go back to. Alex is convinced of this. He wrote a big, great substack on it the other day and did a, and it's done a couple of interviews on this. He's like, they're going to revive. They're already reviving the idea of the Moscow to Anchorage rail line with the tunnel between them.

And guess who's going to build that tunnel? Mr. Tunnelman, Leon Musk. okay like this is coming folks like everything that's that trump and rubio have talked about and read the readouts from Alexander recuris at the durand did a great video on this the other day um and i give Alex credit because he actually has the stomach to read diplomatic readouts and I don't um I mean no seriously um and you know they they laid it out in like bald-faced terms.

We're going to normalize relations with Russia. We're going to give them their property back to the Obama stole. We're going to do this. We're going to do that. It's going to be lovely. It's going to be great. It's going to be a golden age. And that means the kids in Brussels, they sit at the kids' table and they take, and they are

price takers here. They're not price makers. They're going to be price takers on this. And they hate it. And that's fine. but they have nothing to do. What's France going to do? Put troops in Greenland, fight the Americans?

That'll be hilarious. What about the Brits? This is why Starmer is trying to come over to the United States, and he's going to try the classic British two-step. Look, we're going to go in there as peacekeepers, and we're just going to, and we're not going to let Russia get any more territory, but we don't have, but we're willing to do that, and then if you're there as a guarantor of our safety, it'll work.

Star Wars are all but said that. I'm like, Trump's going to look at him and go, no, because you clearly can't be trusted. You clearly want a wider war and you clearly want us to fight that war for you. And we're not going to do it. And we're not going to put our boys in the way. Like, since Trump was elected, we've been pulling men and material out of Europe, folks. It's been happening. C-130 is full of shit, leaving Europe. Troops coming home, all of it. It's already happening. When they're complaining about these things, it's because they've already happened. You only hear about it after it's already done.

So the Europeans have their big emergency meeting, and they pledged $700 billion to build a new military, which they've been screaming. They wanted it forever anyway. They just didn't want that, be able to do that until after the United States impaled itself on Russia and the two of them knock each other out. Well, they're not knocking each other out, folks. Now they have to print that $700 billion out of thin air. And good luck, right?

I mean, good luck that your bond markets are not going to implode. Good luck that your currencies aren't going to, your currency isn't going to implode. They have to go for fiscal integration. You've got at least four different countries who are like, yeah, no. You've got all these countries in the European Union that aren't on the euro. How are you going to do fiscal integration with Hungary refusing to give up the foreign or the, the polls refusing to give up the Zalati? Yes, I happen to know what the, I happen to know what their freaking currencies are because

I'm a geek. Talk about spurging out. Sorry. I mean, they're not going to do it. So then what? And the Italians won out of this mess. And the only reason the Italians haven't junk ship yet is because Sergio Madrella, the frigging president is doing everything he can to neuter Meloney.

And that guy, I don't think his term is up until he's like 84 years old, too. He's another one of these frigging olds that can barely walk, you know, but he's, but he's owned and operated by these, you know, by the old, the old structure. So all they got to really do is wait for him out. AFD is probably not going to win this weekend, thinking back to Germany. But they are going to probably do well enough. to force a crisis mode in German politics. I also suspect, and given the size of the stakes,

I firmly suspect that there's going to be shenanigans. There have been uncovered shenanigans in the Saxony elections, by the way, that allowed the Greens to get 5.1%. Apparently, that was a lie, because in Germany, you have to have that 5%, you have to get at least 5% to be considered for inclusion in any state or federal government.

So the Saxony government can't, you know, the Greens don't qualify. And some other things. So the right people have already been pushing to ensure that transparency is restored to the German election system, but they've been fucking with the German election system just as hard as they've been fucking with ours.

So they don't expect AFD to do anything other than fight the final results because they will. And they'll begin the right on this. But what you're looking at in Germany is a wipeout of one of the two major parties, either the CDU or the SPD, most likely the SPD, the Social Democrats. And the Greens are done. and in the end it's really going to come down to, it's a CDU AFD dominated in Germany and maybe not for this election,

but certainly by the time it's all said and done, you know, it will be. They'll have no choice but to deal with it. And watch what's going on in Austria and how the coalition talks there are broken down as well because they're continuing to try and run this, you know,

Merkel court on sanitaire around the firewall around the populist Nazi parties, which is all bullshit, and everybody knows it. But I still think the Americans are going to wind up owning the Nord Stream pipeline, by the way. All right. I have to ask you this.

Sure. Look, there were a bunch of things that we talked about that led up to the election and led up to the inauguration that could have been, could have jinxed what was going on. I don't think we're going to jinxed. what's going on. Tell me your theory about the income tax. Oh, okay. That's not hard.

Trump is already setting up that, I mean, we're already now, we now have, I just saw the tweet from somebody this afternoon that they're openly talking about big tax refunds for all the stolen money, right? I get people properly pissed off that they've all stolen trillions of dollars from us and that we should get our money back. And we paid this money in, and then why should we pay it back? There's, we don't need the income tax and we don't need a government that spends $7 trillion a year. We barely need a government that spends $2 trillion a year.

Listen to what, listen to Trump's words. Hey, Russia. Hey, China. Why don't we get together and all pledged to, to drop our defense spending by 50%? It's killing. You know, China doesn't, doesn't need to be spending this amount of money on this. The Russians clearly don't. And we don't.

So let's bring the temperature down. Let's lop $400, $500,000 out of the process there. Okay. Now let's get rid of the way. It's also a war on special interest within all of those countries. Bingo. Yes. So it's a de oligarchization of all three countries, right?

Which is also, or a depowering of the oligarchs, the oligarch class, which again gets back to James Burnham, the managerial state. all of this stuff. Tariffs can We're going to put capital controls around gold. Vince Lanchi and I have been talking about this for a year and a half on and off. They're already going up. They're already pretty much up.

And that's part of what the LBMA story is all about. Bring all the gold home. Erect soft capital controls around the gold that are going back out again. depreciating the Comax so that it's only a physical delivery market for domestically. So it's kind of like the Shanghai futures market is today. The Sheephe over in Sheafee, the Shanghai market is a physically settled market, but none of the gold leaves China. Gold can come into China, but it can't leave. It's like a roach motel, right?

It's like hotel, hotel, you know, Goldifornia. We're setting up the same thing here, and GLD will be the repository of the gold that's available to trade as in order to, for people to hedge their FX risk using gold. FX being Forex being foreign currencies, which is a valid use for the price for gold. But it's been, it's been perverted to IEDA by city of London and in the past and Comax and the Bollyon banks and everything else. That's all ending. So we don't need that anymore. We have, we have all the gold. They're going to dump, they're going to monetize the gold and dump, and use the sovereign wealth fund in ways to start retiring debt.

And I don't need to go into the specifics of this. Let Trump and dissent lay this all out for you. But, you know, my good friend Vince Launcey has glommed on to the idea of Alexander Hamilton's sinking fund. And you should look that up. And it's not a hard argument to make. But the gold, there's going to be a cash for equity swap in how. in the United States. You're going to be able to, I firmly convinced that at some point,

Bacenta has already talked about this. He's going to do something akin to a 0% helac against the equity in your house of an 80% loaned valuation as kind of a standard helot, but it'll be issued by the government. As opposed to you taking, you're getting cash to then spend however you want. You're not going to get cash.

You're going to get treasuries, probably slightly under the market rate. but hey, you're going to be able to unlock the equity in your house for zero cost. And then you're going to get a positive three or four percent yield spread. So they'll get a zero percent heelock from the government. The government will then turn around, take that money, and issue you treasuries and then pay you the coupon, right? 4%. So think about that and think about how that now monetizes a lot of things.

think about how that is now a wealth transfer back to the lower middle classes because most of the people that we're dealing with here, we're talking about here, are not most of the homeowners where most of the equity is in our houses. It's all people in the lower and middle income strata, right? Because that's where most of their wealth is. It's in their home equity. So being able to monetize that home equity and use it without having to sell their house to get the money to then, you know, leave their grandchildren in the lurch because they've got to go become, they got to sell their condo in Sarasota and go move to some, you know, cheap state in order to live. Like, all the things that you see people doing, which is deracinating the country,

that's going to completely flip on its head because you'll get a treasury of some maturity and they'll come with two caveats. One, you know, you can't sell your house. until the bond matures. And two, you can't resell the mortgage. And you can't take on a second mortgage against any appreciated value. But hey, you sit here, you look at it and you say you're in a good market where, say your house is worth $400,000, you got $250,000 in equity.

Let's make the math easy. You're 80% of 250, $200,000, $210,000, something like that, whatever it is, $20,000. right um now it's 200,000 yeah so 200,000 dollars you're going to get 200,000 worth of equities, uh, treasury's paying 4%, $8,000 a year. That's a check for $700 a month. It's a reverse UBI. What do we need income tax for? Let me let me ask this. Um, that's only part of the plan. Yeah. That's only part of the plan. Okay. Black Rock State Street Vanguard. They've all said by 2026 that they want to own more than 50% of the private houses in this country.

They already own, I think, up to 10 to 11%. How that has to stop. That has to come to an end. Power has to be used in order to put them to heal and to cause them to liquidate what they already own. Yeah. Well, or they're just going to have what they have. they're going to move on with, and they're going to move on with their bad selves. They've said that that's what they wanted.

When they had a globalist infrastructure in place to bankrupt Americans, it was going to happen. Because they're not going to be the ones that they're not issuing these e-clocks. They're not going to own these homes. To be honest with you, the government doesn't even own your home at that point. The government just said, look, we would like the cash and we're willing to pay you, you know, coupon payment. you know, it's a savings account. It's like, you know, it's a reverse He-lock.

You still own your home. The government has, you know, taken out, you've just lent your, you know, it's like, lent your liquidity to your, your equity. It's like it would be like me, me saying to you, Pete, I've got, you know, you want to borrow $200,000 dollars with the gold from me. Not that I have $200,000 with the gold, but you want to borrow $200,000 with the gold from me. I'm like, okay, fine. it's a private loan.

4%. Don't pay me. I get to keep the gold. Right? So government, don't pay me the coupon payment. You don't get my house. We're all used to being debtors having to go out into the capital markets and buy everything at Fed Funds Plus.

That's not what's going to happen here. The government is trying to the government, what the cent is going to offer us is a slightly lower than market return, at least in nominally. But you're still exposed to the upside on your house. But now you're going to get a chunk of change that shows up every month and you're going to use that how. You're going to pay gas with it. You're going to buy food and this and that you're going to, the money is going to circulate locally. It's going to bring money back to the local economies, not sending it out.

And there's no need for, you know, and for those in the middle income trap, it'll wipe out their income taxes. Now, you may not, the income tax might not go away, but your income tax bill will go, will be, you know, basically you'll be taking off the tax rolls because you're going to get in return, you got $400,000 worth of equity in your house, you know, you make $100,000 a year or $120,000 a year, and you're, you know, your two kids and your net, your adjusted gross income is $60,000, and you've got a marginal tax rate to say 13%, you know, got news for you. You got 320 grand. that 4%, you owe $13,000 in taxes,

you're gonna get $12,000 from the government. All of a sudden, the government's paying your tax bill. I mean, literally, you just pulled those numbers out of my ass. All right, I know you have an out. Let's do, let's, let's come back in, uh, I'm gonna hit you up again in 28 days and we'll come back and see what else has happened. So, um, just plug, plug the, uh, the website and the Patreon and we'll get out of here. Sure.

one last point for everybody on this. Sure, sure. Just one last point before we go, which is the following. Right now, the budget deadline date for reconciliation is the key. March 15th. They've got to get a budget through reconciliation by March 15th. The Democrats are going to try and stop that from happening, but if they get that done, they can do a lot. I'm going to talk to Peter St. Ange next week for the podcast, and we're going to talk about his discussions about how. how we can suspend the income tax under reconciliation.

And among other things, I'm going to go down and get Peter to put a little bit more meat on those bones. But as always, TFL 1728 on Twitter slash X slash Elon Musk's personal, you know, bouncy fun room. Patreon slash gold goats and guns where you can sign up for, you know,

more of me ranting into a microphone two to three times a week along with the monthly newsletter. and the blog over goldgoats and guns.com, which is for all intents of purposes now, a repository for the podcast and other things. As of right now. I guess next time I'm going to ask you this, unless you think you can answer it in five seconds.

Sure. Who put this plan together? A very smart group of people. And not just Trump. The Trump was absolutely involved in it. Yeah. Trump was involved in it. The crypto guys,

I haven't even gotten into the crypto side of it. I don't know about dissent, but I know people close to the transition team. Like, I mean, or that they're not to transition the other of the administration. And we've been theorizing personally behind the scenes for a long time about what was going to happen. I haven't even gotten into Fannie and Freddie. We'll leave that for another day. But bringing an amount of conservatorship is important. But who put this together?

I'll be honest with you. It was probably a mix of guys like Powell and Diamond and, you know, all of them. They all just sat down in a room together and said, what can we do? The scent is, you know, he's a guy who knows where all the bodies are buried and he knows how to, you know, just how to deal with stuff. And Trump is really good with that, folks. He's a master at this. And he's a master of putting deals together.

And Donald Trump is no dummy. They paint him as like some crazy, he's not. like Baron Trump is a certified IQ 170 fucking genius for Christ sake. It's a scary kid. The Baron Trump memes are hilarious, by the way. I mean, they really are. I don't know if you've seen some of them. They're just like, wow.

And they make me laugh every time, but they're true. And, you know, Trump is motivated by a number of things. But the main one, I think, not just revenge against the people who wronged him. That's secondary to, we're going to fix all of the stuff because everyone has been victims of these freaking people and it needs to end. And in this period of history itself needs to come to an end, this era. And I've been calling it the central bank era. And I think it comes to an end.

And I don't know that the Fed survives it, but if the Fed does survive it, it will survive in a form that's much closer to its original conception as the lender of last resort. and that means a repeal of the Banking Act in 1935. Okay, so we'll leave it there and we'll talk again soon. Don't cut off yet. I have something to say to you five seconds after we sign off. All right, Tom, thank you. Appreciate it.

Thank you.