Kontrarian Korner #30 - Tom Luongo

Last Friday, I had my first return guest on the podcast, Tom Luongo, back to discuss what is going on in the world after Trump’s recent election. We touched on a wide variety of topics, from the mainstream (or undead) media, to geopolitics and the different competing factions around the world, along with oil and bitcoin. You should all go check out Tom’s newsletter/Patreon at Gold, Goats n’ Guns, and you can also find him on Twitter.

Podcast Summary

* The waning relevance of the media, especially as the Boomer generation passes on and they lose their audience.

* The importance of the election, Trump’s cabinet picks, and his questions on a couple of the closer Senate races.

* The difference between “Joe” and “Biden”.

* The different generations and their attitudes on the current system through the lens of the Fourth Turning.

* Oil, OPEC, and why we aren’t at peak oil.

* The importance of a Treasury and Fed that have a different focus than they did over the last couple decades.

* Bitcoin increasing in price, leading to an increased supply of stablecoins (like Tether), which leads to increased demand for Treasuries.

* Getting rid of government universal basic income by cutting some of the government jobs that are a drain on taxes and the economy.

* Why he expects capital to keep coming into the United States.

* What he’s focused on for the rest of 2024, and leading into the inauguration.

* The Three Stigmata of Palmer Eldridge by Philip K. Dick.

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