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“Who’s the real target of the seizure of Russian assets? It’s not Russia,” asserts Tom Luongo, publisher of the Gold Goats ‘n Guns Newsletter. In an interview with Daniela Cambone, Luongo argues that Biden’s plan to freeze Russian assets and fund Ukraine is actually aimed at China. The message to China is clear: comply with our trade demands or risk losing your US Treasuries, he explains, noting China’s gradual divestment from these assets.
Luongo criticizes the Biden administration for not acting in America’s best interests, describing them as vandals influenced by Europe. He also highlights Singapore’s growing importance, noting its role in Chinese Yuan settlement and trade clearing since 2012. Watch the interview to learn more about Luongo’s views.
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