Episode 56 Jay Powell, Davos and Russia's New Gold Standard with Tom Luongo

Summary: Following Vladimir Putin’s invasion of Ukraine, the U.S. government placed more severe sanctions on Russia than it had on any major power since 1941. It kicked Russia out of the SWIFT system, seized its FOREX assets, and demanded the rest of the world cease trade with Russia (which even some European allies were unable to do). In response, Russia has demanded payment for its oil and natural gas exports in rubles or gold. Tom Luongo joins Tom to explain how this plays into the economic war that was already raging before the Ukraine invasion.   Guest Bio: Tom Luongo is a former research chemist, amateur dairy goat farmer, anarcho-libertarian, and obstreperous Austrian economists. He now publishes the Gold Goats, and Guns newsletter and podcast and contributes to a variety of publications, including, but not limited to Seeking Alpha, Russia Insider Halsey News and Newsmax media.   Links: Gold, Goats, and Guns https://www.patreon.com/GoldGoatsNGuns Additional Reading/Listening: #GotGoldorRubles? Russia Just Broke the Back of the West Podcast Episode #75 – Davos and the Week That Changed Everything Part 1 Podcast Episode #76 – Davos, Ukraine and the Week That Changed the World Part 2 Podcast Episode #77 – Davos, The Fed and the 5 Basis Points That Moved the World Part 3 Free Gift from Tom: Download a free copy of Tom's new e-book, It’s the Fed, Stupid, at itsthefedstupid.com. It’s also available in paperback here. It’s priced at a pre-hyperinflation level so grab a few copies for friends if you can. It makes a great introduction to the government’s most economically damaging institution for liberals, conservatives, libertarians, socialists, and independents alike. Like the music on Tom Mullen Talks Freedom? You can hear more at tommullensings.com!