TFTC: A Bitcoin Podcast #582: The Great Awakening Has Begun with Tom Luongo
20 snips
Feb 8, 2025 
Tom Luongo, a geopolitical and economic commentator, joins to dissect the complexity of global finance. They delve into the ongoing manipulation of the financial markets, examining the interplay between Bitcoin and gold. Tom shares insights on the emerging power dynamics between globalists and the call for individual sovereignty. They also explore generational shifts, highlighting how younger individuals are challenging traditional authority. Plus, the conversation is peppered with humor and musical anecdotes, making for an engaging discussion.
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Gold as Alarm Bell
- Gold is the first alarm bell ringing in traditional markets, particularly with what's happening between LME and COMEX.
- Bitcoin has been trading relatively flat, but traditional markets show signs of stress.
Gold's Importance
- Tom Luongo checks gold prices daily and watches various cross-markets to understand capital flow.
- He emphasizes gold's importance in traditional finance for hedging and capital adequacy rules.
Bank of England Situation
- The Bank of England situation is a negotiation and a pressure tactic.
- This is different from 2020 because SOFR is now the standard, and the US controls financial markets due to its dynamic economy.