He’s headed straight for disaster. If you’ve seen the recent backlash and crackdown on his Slack server, he’s on the verge of losing everything. He’s long argued that one main way to mobilize capital is by tapping into home equity, especially from Baby Boomers, which would be offered/exchanged as bonds or digital assets (he cites this exact scenario often). With foreign capital flooding in (which is true according to Peter St. Onge and Martin Armstrong), the administration will need matching domestic equity if they want that money to stick around; otherwise, the capital will just leave once the war in Europe ends, and flee back to the Eurasian mega-market being prepped by Leviathan.
Right now, we’re seeing a surge of wealth seeking refuge in the US and the rollout of digital platforms that can drive transaction costs down to BRICS levels (RMB vs. USD). But his proposal is essentially an asset-for-digits swap—the very move that Catherine Austin Fitts and others, especially now that the Genius Act has passed, are warning against. Still, he insists there’s no risk of a pump and dump, which is hard to believe.
Any competent look at the legal gray areas in the Genius Act, the surveillance ambitions of the Thiel and Musk networks, and the US elite’s track record points to disaster. Luongo’s entire argument hinges on the supposed moral character of the American landed elite—a losing bet. He’s banking on hope as a strategy, and anyone who’s spent time in business knows that’s a mistake.