Competent Man Podcast

Tom Luongo: Why Gold Might Be Trump’s Secret Weapon


Listen Later

Tom Bodrovics welcomes the other Tom, Tom Luongo, producer of the Gold Goats and Guns newsletter, to discuss various economic and political topics. Luongo shares his journey from being summarily let go at Newsmax to launching his successful newsletter. He emphasizes the importance of maintaining objectivity and adaptability in the face of unexpected challenges.



A significant portion of the discussion revolves around Luongo’s collaboration with Dexter, highlighting their differing approaches to analyzing events. Luongo tends to see linear narratives and cause-and-effect relationships, while Dexter views events more stochastically. Despite their differences, they respect each other’s perspectives and have found a productive middle ground in their analysis.

The conversation delves into the assassination of Charlie Kirk, with Luongo suggesting it was a message from a higher power, likely aimed at warning Donald Trump. He believes the goal of such chaos is to destabilize society and create an environment where Marxism or nihilistic libertarianism can take hold, both of which he views as anti-civilizational.

Luongo also discusses the importance of rebuilding the middle class, particularly through housing and economic policies. He criticizes the current system for making it difficult for young people to enter the housing market and start families. He advocates for the IPO of Fannie and Freddie, arguing that it would help stabilize the housing market and provide more opportunities for younger generations. The interview touches on the role of the Federal Reserve and the potential revaluation of gold, which Luongo believes could significantly impact the economy.

He criticizes those who use fear and doom-mongering to gain followers, emphasizing the need for honest and collegial discussions. Luongo concludes by stressing the importance of strengthening local communities and rebuilding civilization from the ground up. He believes that by making small, efficient improvements in our daily lives, we can create a better world for future generations.

Timestamps:
00:00:00 – Introduction
00:00:26 – The Toms Career Transitions
00:03:08 – Relationship with Dexter
00:07:47 – Charlie Kirk Assassination Analysis
00:14:53 – Critiquing Libertarians and Marxists
00:26:20 – Trump’s Meeting with King
00:35:52 – Fannie Freddie Housing Reform
00:50:58 – Interest Rates and Powell
00:59:35 – Inflation Targets and Deflation
01:11:40 – Commentary Quality Critique
01:18:46 – Gold Revaluation Mechanics
01:28:00 – Trump Presidency Evaluation
01:38:08 – Stablecoins and U.S. Debt
01:46:32 – Concluding Thoughts

Guest Links:
Website: https://tomluongo.me
X: https://x.com/tfl1278
Patreon: https://patreon.com/goldgoatsnguns

Tom Luongo is a Former Research Chemist, Amateur Dairy Goat Farmer, Anarcho-Libertarian, and Obstreperous Austrian Economist whose work can be found on sites like ZeroHedge, Lewrockwell.com, Bitcoin Magazine, and Newsmax Media.

Professionally, he has spent a lot of his waking hours inside various analytic laboratories testing your water and soil for contaminants. He watched an industry be created by government fiat and destroyed in the same manner.

He ran for Florida House once and got 2.7% of the vote on Guy Fawkes Day and says, “I’ve since grown up a lot.”

Then he spent 5+ years solving the puzzle of an electroless Nickel-Boron coating that has intriguing wear-resistance properties. Too bad, the coating was better than the company’s business model.

Today, he is the publisher of the Gold Goats ‘n Guns Newsletter, in which he attempts to connect the false narratives of geopolitics to viable long-term investment theses.

As for politics, his position is well-known through his past writings at Lewrockwell.com, Seeking Alpha, and the aforementioned erstwhile blogs.

To sum up:
“Individuals are the only people with enough knowledge about their own lives to have a hope of making the right decisions for themselves, and no amount of guidance or central planning can help that process along.”

He built the house he lives in and raises goats and milks them.

In short, he says, “I’m a libertarian who distrusts all human organizations larger than a two-handed game of poker.”

Lastly, He states, “I own a few guns.”

...more
View all episodesView all episodes
Download on the App Store

Competent Man PodcastBy Tom Bodrovics

  • 4.6
  • 4.6
  • 4.6
  • 4.6
  • 4.6

4.6

17 ratings


More shows like Competent Man Podcast

View all
Peak Prosperity by Chris Martenson

Peak Prosperity

577 Listeners

Macro Voices by Hedge Fund Manager Erik Townsend

Macro Voices

3,069 Listeners

Sprott Money News by Sprott Money

Sprott Money News

151 Listeners

Gold Goats 'n Guns Podcast by Tom Luongo

Gold Goats 'n Guns Podcast

335 Listeners

Palisades Gold Radio by Collin Kettell

Palisades Gold Radio

263 Listeners

Coffee and a Mike by Michael Farris

Coffee and a Mike

371 Listeners

Rebel Capitalist News by George Gammon

Rebel Capitalist News

1,033 Listeners

The Grant Williams Podcast by Grant Williams

The Grant Williams Podcast

1,341 Listeners

Doug Casey's Take by Matthew Smith

Doug Casey's Take

124 Listeners

ITM Trading Podcast by The Daniela Cambone Show and Taylor Made Economics

ITM Trading Podcast

75 Listeners

Wealthion - Be Financially Resilient by Wealthion

Wealthion - Be Financially Resilient

372 Listeners

The Jay Martin Show by Jay Martin

The Jay Martin Show

70 Listeners

Thoughtful Money with Adam Taggart by Adam Taggart | Thoughtful Money

Thoughtful Money with Adam Taggart

414 Listeners

The Julia La Roche Show by Julia La Roche

The Julia La Roche Show

62 Listeners

Commodity Culture by Jesse Day

Commodity Culture

18 Listeners