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Soar Financially

GOLD's SHOCKING Role in the Fed's New World Order | Tom Luongo

Nov 13, 2024
In this engaging talk with Tom Luongo, a keen observer of gold markets and geopolitical dynamics, we dive deep into the Fed's evolving role with respect to gold. Luongo shares insights on how political shifts may influence gold prices and investor sentiment. He discusses potential fiscal reforms, the implications of tariffs on trade relations, and the looming sovereign debt crisis in Europe. Listeners will find intriguing perspectives on the connection between national sovereignty and economic policy, especially in the wake of significant electoral changes.
49:52

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Quick takeaways

  • The Federal Reserve is expected to adjust its approach to gold, treating it as a strategic asset to stabilize its balance sheet.
  • Upcoming fiscal reforms and spending cuts by the new administration aim to enhance domestic investment and improve U.S. economic sovereignty.

Deep dives

The Impact of Elections on Economic Policy

The recent elections have led to expectations of significant changes in U.S. economic policy, with a focus on potential budget cuts and fiscal reforms. A new Treasury Secretary is anticipated to enact substantial cuts, possibly close to $1.5 trillion, without congressional approval by using regulatory powers. There's an optimism that the incoming administration will not only cut spending but also overhaul the regulatory framework that has hampered business efficiency. Such changes may open doors for capital inflow, positioning the U.S. economy favorably for the future.

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