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Tom Luongo (Give Deflation a Chance!) Profile picture
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Dec 29 • 4 tweets • 2 min read
#Ungovernable
In 2017 the Trump Tax Cuts passed.

I described Trump as having "the political acumen of another brilliant U.S. politician, the loathsome Franklin Delano Roosevelt."

That would spark internal migration, tearing down the Blue Wall
/1
tomluongo.me/2017/12/03/tru…
The migration story is now all the rage.

Here's the latest thing from @zerohedge
/2
zerohedge.com/political/grea…
and here are the domestic migration numbers, state by state.
/3
zerohedge.com/markets/red-st…
The US is headed for a split along political lines. It's likely a good thing but it needs to happen organically, not as a consequence of outside meddling...

The Red States are becoming #Ungovernable.

/4

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More from @TFL1728

Tom Luongo (Give Deflation a Chance!) Profile picture
Dec 29
Short thread on the imminent collapse of the Russian economy. The latest episode is entitled, "But The Ruble is Crashing!"

/1
The Ruble was held artificially strong through gov't intervention for most of the summer.
With sanctions, the EU price cap & Putin's response the RUB is going to get pushed around.

Would rather cut production than sell to their enemies.
/2
detv.us/2022/12/27/put…
The typical analysis is this link:
markets.businessinsider.com/news/currencie…
Read 16 tweets
Tom Luongo (Give Deflation a Chance!) Profile picture
Dec 9
When people look at me weird because of my love for my guardian dogs (Maremmas) this story only partially justifies this.

This is human ingenuity at its finest. This dog's breeders are real heroes of civilization. /1

wthr.com/article/life/a…
The woman in this video gets it, these are working dogs of the highest caliber. Literally they are the backbone of our food supply.

Until you meet one and watch them work you simply have no idea what they are capable of. /2
This ... /3 Image
Read 5 tweets
Tom Luongo (Give Deflation a Chance!) Profile picture
Oct 9
Let's Talk Kerch Strait Bridge:
Operating thesis:
1) Rational Actors are still avoiding WWIII
2) Irrational Actors are escalating
3) Lots of factions wanted this to cover their failing plans/systems

So, what happened?
1/
The Truck bomb doesn't tell the whole story. This was likely a combined operation. Even if not, the implications are just as scary.
2/
Given the circumstances and how seemingly desperate many actors are at this point to start WWIII, why would we just chalk this up to good ol' Ukrainian plucky fighting spirit, given that we know how heavily NATO is involved there, esp. US/UK and Polish support?
/3
Read 28 tweets
Tom Luongo (Give Deflation a Chance!) Profile picture
Sep 28
Just so we are clear. I believe and have believed the hyper-aggressive Neocons (or Straussians) are a faction easily manipulated into doing things that look like they are to their benefit but ultimately aren't.
1/
People this single-minded and radical can easily be directed like a missile at a particular target, especially if that target is their White Whale, i.e. Russia.
2/
Davos is obsessed with preserving the EU and transferring that power to the UN for global government through the end of commercial banking and total surveillance
3/
Read 24 tweets
Tom Luongo (Give Deflation a Chance!) Profile picture
Jun 6
Biden - Blend MOAR Ethanol.
Refiners - We can't.
US Gov't - Buy Ethanol credits.
Taxpayer -- Holy SHIT Gas is expensive

This is a manufactured gas price crisis, folks.
See Follow up Tweet. 1/
zerohedge.com/political/bide…
Fuel code D3 = cellulose blended fuels
RINS are the offset credits refiners must buy if they ca n't meet the blending targets. now, $3.00+/gallon
Here's your Congressionally Mandated Blending Targets. If you want to not starve this summer, you know what to do.
/3
Read 4 tweets
Tom Luongo (Give Deflation a Chance!) Profile picture
Apr 29
@zerohedge does not understand what's going on in Turkey. The last thing Turkey wants is foreign capital returning.

Offering a 4% two year bond is just a stop-gap for those that paying higher rates than that, to offset some cap. outflow.

1/
zerohedge.com/markets/after-…
I've explained this before. Erdogan is de-dollarizing. And he Keynesian assumption of a linear response of inflation to interest rates is a very poor one. 2/

tomluongo.me/2021/12/23/is-…
Now, let's turn to the issue of the day. Russia's gas for rubles trade it is forcing on the world. Gazprombank builds up euros/dollars/etc. foists the FX costs off on the buyer. Ruble demand rises. 3/ Image
Read 7 tweets

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