Biden "admin and the State Department are Davos' useful idiots" & "Europeans have destroyed their own economies"
The Tom Luongo and Alex Krainer Round Table discussion with Gonzalo Lira titled " The Roundtable #33: Alex Krainer, Tom Luongo " talks about how the Joe Biden " admin and the State Department are Davos' useful idiots" and how " Europeans have destroyed their own economies ": One year ago (in June) Powell raised the Reverse Repo Rate, which meant draining the world of offshore dollar liquidity. The offshore dollar market is orders of magnitude bigger than the domestic dollar market. Once that started it broke the Euro bull market--the Euro started dropping. That followed Powell telling the rest of the world bankers that h Europeans have destroyed their own economies e was not going to coordinate monetary policy to "fight climate change" (the key Christine Lagarde thing). However, Powell wasn't able to start the rate hike cycle until he was reconfirmed in March (because much of the US political class, in the Dem controlled government,...