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Economist Tom Luongo: "'They' just launched Covid to take everybody out. Covid is a big financial psy-op... the Fed will use it’s flexibility to break Davos and its plans for global technocratic Communism"

Economist Tom Luongo who has written for Zerohedge, Lewrockwell.com, Bitcoin Magazine and Newsmax Media believes that : "'They' just launched Covid to take everybody out. Covid is a big financial psy-op":

Q: Is the Fed the good guy for freedom in this case?

They're the good guy in that their incentives are existential to fight Davos. They're the better choice NOW. But they're still acting in their own best interests. They're not acting in OUR interests. Maybe, it's very possible that they're looking at this going, 'Well, y'know, WE can't continue to run OUR grift if the people don't have access to our banks.' Klaus von Kommieschnitzel, he wants to do away with all that and just give it to the Fed. ...

...

Jamie Dimon has been posturing anti-Davos for three years now. It was his bank, JPMorgan Chase, in 2019, that refused to take Eurozone debt as collateral for repos. He was the first one to deny them dollars. So the Fed had to. The repo market blew up in 2007, and the Fed had to step in, but it didn't really fix anything.

"They" just launched Covid to take everybody out. Covid is a big financial psy-op. I'm not saying that the virus wasn't real or that a lot of people didn't die--it was that, too! But at this point I'm firmly convinced that the true purpose of Covid was to drive a wedge between Trump and Powell, get the Cares Act passed, and force the Fed to monetize a whole lotta debt that they didn't want to monetize. Powell was not consulted about any of this. He fought against the Cares Act and all that stuff tooth and nail. He had to go along with it anyway because he didn't have any options, cuz Congress spent the money. The Cares Act gave Blackrock access to the Fed Funds window to go start buying up residential real estate all over the United States and crowding out private buyers. And they got access to the Plunge Protection Team.

That all happened, and they can get rid of Trump, and what happened? That was Davos' dream, and guess who didn't print money--not until the middle of 2021? The European Union. The Fed printed 6, 7 trillion dollars. Europe didn't. I remember having Peter [?] on my podcast, and I was trying to bring these ideas up to him. And he dismissed them all. He just said, well, 'We just printed trillions of dollars and they didn't, so whose balance sheet is in better shape? Theirs. So there's no way the Euro is gonna collapse, there's no way that'll happen.' He literally said to me, 'I don't think Jay Powell gets up in the morning and gives one damn about Europe.' I said, 'I think you're wrong.' It was not a fun conversation. It was one of the few times I had to hold my tongue against a guest. I turned out to be right.

What Powell did was, he waited until June of 2021, when the European Union was ready to start printing money and to make the big pitch for, 'We're gonna set global monetary policy and coordinate it for climate change.' And Powell stood up and said 'No' two weeks before he raised the reverse repo rate 5bps above the Fed Funds rate and ended the bull market in the Euro. Those two things are correlated in time, right around June 16. The Fed meeting happened the same day Biden was in Geneva meeting with Putin to stave off WW3 then. The Euro collapsed 3 cents that Thursday and Friday--the Fed made their announcement on Wednesday, Zerohedge ran an article: Big nothing burger of a meeting, except they raised this one technical little rate. And then the Euro collapsed 3 percent. And then the reverse repo facility started blowing out, and then everyday there was another headline: Reverse repo rolling balance $700 billion, $900 billion, and the a trillion dollars, OMG, now its $1.5 trillion! Blah, blah, blah! Now it's $2.3 trillion. Don't you think that that's liquidity that the Fed can dump into the market at a moment's notice? The banks need dollars? They can give treasuries back to the [Fed].

See, the reason they had to do that is because during Covid the savings rate in the United States was at 30%. Normally it hovers between 5-7%. If it ever gets above 7% the Fed likes to engage in QE. I have a 12 year chart of when QE starts and stops. It correlates with the savings rate. Too much savings is bad. We need to get that money flowing.

It plays out that the Fed has much more room to raise rates than anyone ever thought. And the Fed will use it’s flexibility to break Davos and its plans for global technocratic Communism. [https://meaninginhistory.substack.com/p/luongo?utm_source=post-email-title&publication_id=473679&post_id=79472380&isFreemail=true&utm_medium=email]

Pray an Our Father now in reparation for the sins of Francis's Amoris Laetitia.

Pray an Our Father now for the restoration of the Church as well as the Triumph of the Kingdom of the Sacred Heart and the Immaculate Heart of Mary.

Stop for a moment of silence, ask Jesus Christ what He wants you to do now and next. In this silence remember God, Father, Son and Holy Ghost - Three Divine Persons yet One God, has an ordered universe where you can know truth and falsehood as well as never forget that He wants you to have eternal happiness with Him as his son or daughter by grace. Make this a practice. By doing this you are doing more good than reading anything here or anywhere else on the Internet.

Francis Notes:

Doctor of the Church St. Francis de Sales totally confirmed beyond any doubt the possibility of a heretical pope and what must be done by the Church in such a situation:

"[T]he Pope... WHEN he is EXPLICITLY a heretic, he falls ipso facto from his dignity and out of the Church, and the Church MUST either deprive him, or, as some say, declare him deprived, of his Apostolic See."
(The Catholic Controversy, by St. Francis de Sales, Pages 305-306)

Saint Robert Bellarmine, also, said "the Pope heretic is not deposed ipso facto, but must be declared deposed by the Church."

- "If Francis is a Heretic, What should Canonically happen to him?": http://www.thecatholicmonitor.com/2020/12/if-francis-is-heretic-what-should.html

- "Could Francis be a Antipope even though the Majority of Cardinals claim he is Pope?": http://www.thecatholicmonitor.com/2019/03/could-francis-be-antipope-even-though.html

 -  LifeSiteNews, "Confusion explodes as Pope Francis throws magisterial weight behind communion for adulterers," December 4, 2017:

The AAS guidelines explicitly allows "sexually active adulterous couples facing 'complex circumstances' to 'access the sacraments of Reconciliation and the Eucharist.'"

-  On February 2018, in Rorate Caeli, Catholic theologian Dr. John Lamont:

"The AAS statement... establishes that Pope Francis in Amoris Laetitia has affirmed propositions that are heretical in the strict sense."

- On December 2, 2017, Bishop Rene Gracida:

"Francis' heterodoxy is now official. He has published his letter to the Argentina bishops in Acta Apostlica Series making those letters magisterial documents."

Pray an Our Father now for the restoration of the Church by the bishops by the grace of God.

Election Notes:  

- Intel Cryptanalyst-Mathematician on Biden Steal: "212Million Registered Voters & 66.2% Voting,140.344 M Voted...Trump got 74 M, that leaves only 66.344 M for Biden" [http://catholicmonitor.blogspot.com/2020/12/intel-cryptanalyst-mathematician-on.html?m=1]

- Will US be Venezuela?: Ex-CIA Official told Epoch Times "Chávez started to Focus on [Smartmatic] Voting Machines to Ensure Victory as early as 2003": http://catholicmonitor.blogspot.com/2020/12/will-us-be-venezuela-ex-cia-official.html

- Tucker Carlson's Conservatism Inc. Biden Steal Betrayal is explained by “One of the Greatest Columns ever Written" according to Rush: http://catholicmonitor.blogspot.com/2021/01/tucker-carlsons-conservatism-inc-biden.html?m=1
 
A Hour which will Live in Infamy: 10:01pm November 3, 2020:
 
What is needed right now to save America from those who would destroy our God given rights is to pray at home or in church and if called to even go to outdoor prayer rallies in every town and city across the United States for God to pour out His grace on our country to save us from those who would use a Reichstag Fire-like incident to destroy our civil liberties. [Is the DC Capitol Incident Comparable to the Nazi Reichstag Fire Incident where the German People Lost their Civil Liberties?http://catholicmonitor.blogspot.com/2021/01/is-dc-capital-incident-comparable-to.html?m=1 and Epoch Times Show Crossroads on Capitol Incident: "Anitfa 'Agent Provocateurs'":

Pray an Our Father now for the grace to know God's Will and to do it.
 
Pray an Our Father now for America.
 

Pray an Our Father now for the restoration of the Church as well as the Triumph of the Kingdom of the Sacred Heart and the Immaculate Heart of Mary

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