The Pomp Podcast - #1547 Anthony & Polina Pompliano | BITCOIN BREAKS $103K: Wall Street Surrenders

Episode Date: May 13, 2025

Polina Pompliano, Author of ‘Hidden Genius’ and Founder of The Profile, and Anthony Pompliano, Author of ‘How To Live An Extraordinary Life’ and CEO of Professional Capital Management, discuss bitcoin, the economy, why everyone screaming about tariffs was wrong, what the signals were, China, UK, trade deals, stock market, and future outlook.=======================Today’s episode is brought to you by ExpressVPN, rated #1 by top tech reviewers like CNET and The Verge. Without ExpressVPN, third parties can still see every website you visit, even in Incognito Mode. ExpressVPN is an easy to use VPN service that works on all devices hiding your IP address. Get an extra four months free and protect your online privacy TODAY by visiting https://expressvpn.com/pomp =======================Core is the leading Bitcoin scaling solution, enabling you to lock in yield by locking up your Bitcoin. Simply lock it on the Bitcoin blockchain to secure the Core network, and get rewards. No bridging. No lending. Just holding. Still your keys. Still your coins. Now your yield. Start at https://stake.coredao.org/pomp=======================Pomp writes a daily letter to over 265,000+ investors about business, technology, and finance. He breaks down complex topics into easy-to-understand language while sharing opinions on various aspects of each industry. You can subscribe at https://pomp.substack.com/=======================View 10k+ open startup jobs:⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://dreamstartupjob.com/⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Enroll in my Crypto Academy: https://www.thecryptoacademy.io/

What's up everyone? This is Anthony Pompliano. Many of you know me as Pomp. You're listening to the Pomp Podcast, which is my effort to find the most interesting people in the world and sit with them for hours while I ask questions in an effort to learn. So it would mean the world to me if you would subscribe to the show on your favorite audio platform, watch episodes on YouTube, and tell your friends and family about the podcast. My goal is to help millions learn from the world's most interesting people. So let's get into today's episode. What's going on, guys? Today, we've got a great episode with Polina Pompliano. She is the founder of The Profile. And in this conversation, we get deep into the weeds and I share my honest

opinion about what's going on with Bitcoin, why the economy is rocking, how I knew that all the people who are yelling and screaming about how bad the tariffs were going to be, how I knew that they were going to be wrong. I show you my exact process and we talk through what the signals were and how you can repeat the same process next time all the economists agree on stupid stuff. On top of that, we also get into a little bit what's going on in China, the UK, all the trade deals, whether inflation is going to happen and the stock market. Hope you guys enjoy it. Here's my latest conversation with Polina Pompliano. Anthony Pompliano runs Pomp Investments. All views of him and the guests on his podcast are solely their opinions and do not reflect the

opinions of Pomp Investments. You should not treat any opinion expressed by Pomp or his guests as a specific inducement to make a particular investment or follow a particular strategy, but only as an expression of his personal opinion. This podcast is for informational purposes only. Today's episode is brought to you by ExpressVPN. Have you ever browsed in incognito mode? Well, it's probably not as incognito as you thought. Google recently settled a $5 billion lawsuit after being accused of secretly tracking users in incognito mode. What was Google's defense? They said that incognito does not mean invisible. In fact, all your online activity is still 100% visible to a ton of third parties. That is unless you use ExpressVPN. Without ExpressVPN,

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That's E-X-P-R-E-S-S-V-P-N.com slash POMP. And you can get an extra four months for free. ExpressVPN.com slash POMP. Go check them out today. Today's episode is brought to you by Core. You can earn yield on your Bitcoin by just holding your Bitcoin. It's simple. Core, the leading Bitcoin scaling solution, will reward you for not selling your Bitcoin.

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For even higher rates, stake core alongside your Bitcoin and multiply your yield. And if you want to see what your Bitcoin is securing, join millions of others in exploring the largest Bitcoin DeFi ecosystem. There are over 100 live apps in the network and the deepest liquidity in all of Bitcoin DeFi. Get off zero and start earning yield on even just 1% of your Bitcoin by going to stake.cordow.org. Again, that's stake.cordow.org. Or go click the link in the description. All right, Bluene, what's the first topic? All right. Bitcoin is sitting at $103,000. It looks like it's kind of taken over Wall Street. What's going on?

First of all, before we talk about Bitcoin, bing bong, the Knicks 3-1. Let's just go ahead and get this out of the way. If the Knicks win one more game, they're going to the Eastern Conference Finals. Come on. Bing bong. the celtics they came in they came into madison square garden last night i went to the game they were all hot jason tatum he's throwing up threes all over the place the guy's good he's good at basketball but i just want to say jalen brunson and the knicks they got a shot we win one more game we're gonna be the eastern conference finals all right anthony said that and i was like when can i go the finals plena only goes to championship games imagine that being your reputation she went of the world series if the new york knicks go to the nba finals i promise you you will see plana

in the stands she will go she don't go to any other basketball games but if the knicks go to the finals plana will be there yeah don't waste don't waste the seat on ah yeah well in the in the eastern conference or semi-finals it's not really worth it okay let's get the bitcoin though uh bitcoin also bing bong over 100k wait what is the bing bong it's the inside thing you gotta You've got to be in the know to know. Nicker, balker. Yeah, that is. We won't go on.

OK. All right. So Bitcoin, now we're back to real reality. Bitcoin is doing very well, mainly because Bitcoin is very sensitive to global liquidity and global liquidity has been expanding. Not only did we see China panic and cut interest rates and print a little bit of money, a trillion yuan, but also we see in the United States that there are a number of things that the U.S. continues to inch closer to that would be increasing of global liquidity. On top of that,

countries all around the world. So as M2 money supply, global liquidity is all increasing. Bitcoin nicely follows. And so I think that Bitcoin will continue to grind higher here. Second thing that Bitcoin's got is Bitcoin is watching all these public companies keep buying it. They are assaulting. Bitcoiners are assaulting Wall Street. How many public companies do we need buying Bitcoin for there to be buying pressure on Bitcoin? Obviously, we're getting closer and closer to that. Third thing that Bitcoin's got going for it is that Bitcoin in particular is now transcending itself into becoming the benchmark rate. I've been saying this for a long time. Everyone used to say their quote unquote risk-free rate is bonds. That is going to go away.

The quote unquote risk-free rate is going to become Bitcoin. And it is for the younger generation already. Those younger people are going to grow older. The older people love you, but you're going to be gone. And so there you're going to have the new benchmark rate is going to be Bitcoin. And if that is the benchmark rate, then guess what? If you can't beat it, you got to buy it. If you can't beat it, you got to buy it. There are a lot of people who can't beat Bitcoin. And so guess what? They're buying it. It is the new benchmark rate. And therefore, I think that is a 20, 30 year kind of time horizon that we're going to watch this kind of ascend to all of finance. We'll use Bitcoin as that benchmark rate. Naturally, that asset is going

to keep going up. Yeah. I mean, it does seem like the Bitcoin industry is becoming more dominant. um i think because bitcoiners were right not just because they bought bitcoin but i think this is a very important point you and i talked about this the other day to understand bitcoin you have to look at the world through a lens that is very different than the lens that was the accurate perspective of the world 30 years ago and so the reason why it is so controversial is there are some people who are left in the old world they're looking through their binoculars but their binoculars ain't showing them how the world looks today. Instead, there's a whole new group of people. It's like a new version of the binoculars came out. They put them goggles on. And when they

look through it, they see with clarity. But the people looking through the old perspective, they are wishing for a world that no longer exists. The new generation of people who understand Bitcoin, they are looking through a lens that accurately understands how the world operates today. And so that is the intelligence test of financial markets in this day and age. Do you believe in Bitcoin or do you not? If you do not, that's all I need to know because it tells me that you have not updated your worldview yet. But if you go and you talk to the Bitcoiners, people are like, oh, the Bitcoiners are insane. They have all these crazy views like they don't want to eat high carb, high sugar type foods. What does that have to do with Bitcoin? It's a

whole worldview it's a way of looking at what's happening around you looking at society looking at all this stuff the ideas of decentralization community notes on x and bitcoin dapped up the same thing it's decentralized intelligence it's decentralized computing it's the power of the crowd right those ideas one is all about information the other is all about economic freedom and so you go around and you look at this stuff well imagine on the uh computing side Bitcoin built a decentralized network, right? It's the strongest computer network in the world. Amazon, Google, all these companies, they're copying it.

They're doing the best they can. They're building pops all around the world. They're trying the best they possibly can to go ahead and have a decentralized, even they all own it, but having that resilient infrastructure around the world. Then you go and you look at things like trade. Then you go look at things like supply chains.

Then you go look at things like medicine, right? You keep going through this and you see these commonalities that go throughout society. And so to me, Bitcoin is the intelligence test. If you have the old perspective on the world, which is an outdated perspective, and you have not updated your mental software yet, you will not understand Bitcoin. But if you have updated your mental software and you understand that the world operates differently today than it did 30 years ago, and we better understand what's happening, one, you will be sympathetic to Bitcoin, but also two is it will put you in a position to better understand all of the world around you. And that, my friends, is why when stocks went down 20% earlier this year and I was on here and I kept saying it over and over and over and over and over and over and over and over again, that stocks were going to go back up and that everyone who was freaking out was going to look ridiculous in hindsight. Here's hindsight. They look ridiculous. People were talking about the Great Depression.

Hold on. let's before we get to that let's just address what's going on in crypto right now so coinbase just became the first and only crypto company to join the s&p 500 defy technology started trading on the nasdaq micro strategy keeps just buying more and more uh the trump family's bitcoin mining venture american bitcoin is set to go public david bailey and holding company nakamoto raised 710 million dollars and announced a merger with kindly md to establish bitcoin treasury i mean bitcoiners are assaulting wall street do you ever read uh you ever read the book barbarians at the gate yes actually i did guess what the bitcoiners are at the gate that's what's

happening right now and here's the big secret is everyone wants to draw a line in the sand and say bitcoiners you're on one side traditional wall street you're on the other side face each other like old civil war, march across the field, fight it out. There's one winner. That's not what's happening. The Bitcoiners are walking into Wall Street and the Wall Street bankers are putting their arms around the shoulder of the Bitcoiners and they're saying, let's go win together. Because guess what happens when micro strategies buying more Bitcoin, the Wall Street banks, the investment bankers, they're making money. When all of a sudden you see Coinbase getting to the S&P 500, the pensioners, the index funds, the S&P holders, they're all making money.

And so the beauty of this is it's not a zero-sum game. For Bitcoin, the Bitcoiners, the publicly traded companies associated with Bitcoin, as they win, Wall Street is going to win too. Wall Street is not stupid. They understand if there's somewhere where money can be made, The economic incentive will bring them there. And that's why you see Wall Street embracing this. You don't raise hundreds of millions of dollars as a public company unless somebody on Wall Street is getting paid. You don't actually build these companies into multi-billion dollar businesses

without Wall Street helping you do it. I think finally, the incentives are aligned, if you will. Wall Street didn't like Bitcoin until Wall Street figured out how to make money with Bitcoin. Now they're like, oh, y'all got a way for us to make money? We love Bitcoin. Yeah. Right? And so that is ultimately what we're watching happen here.

Again, remember I said community notes and Bitcoin dapped? Guess what? Wall Street Bitcoiners dapped. Someone get him off the internet. They understand exactly now how to take this new thing. It's a shiny toy that brings new clients, new revenue, new profits. Yeah. If you go to a Wall Street bank and say, I can bring you clients, revenue, and profits,

guess what they say? Why don't you sit down here, young man? We have a nice little spread for you. we could eat over a nice meeting where we try to take your soul oh my gosh because ultimately that is where this is all headed is bitcoin is going to ascend into the depths of the traditional financial world because they can't live without it and that is the part that makes people in the traditional world uncomfortable but you can't stop the truth i mean yeah i guess almost every what started as alternative assets

have become more mainstream assets over time. 100%, that's true. But Bitcoin is even more important than your traditional alternative assets because it is ultimately going to eat into the store of value. And so as that continues to happen, capital gets sucked into the hardest money in existence. And Bitcoin is the hardest money.

And so as soon as you understand that, Bam. You updated your goggles. You see the new world for what it is. You completely changed the way that you look at a bunch of different things. And that is the intelligence test of where we're headed. And I think that's why you see all of these companies, people trying to buy Bitcoin, Coinbase getting into the S&P, all those things you just mentioned. It all comes back to guess who's driving all of that? Bitcoiners who see the new world for what it is, and they are the barbarians at the gate that is our generation's version and it's a hell of a sight to see i know most of these people hell yes let's go i love seeing them be ambitious and go on assault yeah

no okay let's talk about the economy at large the smp 500 officially turned positive on the year we're now up over a thousand points since april's low bing bong and then before you bing bong then jp morgan drops its u.s recession call after u.s china trade truce bing bong i've been telling you guys three weeks ago four weeks we're talking about literally less than a month ago these people were yelling and screaming about the great depression get out of here this was the easiest call there are many things i've done in my career where i've come out publicly and i've said something and i'm like ah it's like you know 60 odds i think that's right i'm trying to be pretty clear about where i think the odds are this was like a 90 confidence call this was the easiest

thing in the world to understand why because you think tariffs there's no there's three things one i went i looked at what happens when tariffs get put in place there are still people who are arguing with me about what happens with tariffs even though the same thing that happened in 2018 is happening now tariffs are deflationary how do i know that we've been putting tariffs on for months now we started in february it is now may inflation has been crashing this entire time people don't worry inflation is going to come no it's not inflation is not coming and so when you think about that you can say that uh if inflation is at 1.5 percent the whole thing is you have a bigger worry of deflation of economic slowdown when you put tariffs in place so yes you start

trying to be theoretical about individual product prices and stuff that's not how it works and so that was one big thing was i actually went and i did the work and i i published it publicly i went product by product by product and showed the prices, showed the chart changes, showed the inflation metrics. And people still were like, I don't believe you. That was one. Two, if you can turn around market sentiment with a couple of posts on social media, you ain't going to have a real recession. And that was very obvious because there was multiple times on the way down where a single tweet, a single interview on television would all of a sudden you would get these like relief rallies and it was like the market wanted to go higher on news. Nothing

fundamentally changed on the way down. Nothing fundamentally changed on these relief rallies other than words. If words can create a downturn, words can create an uptrend. And so naturally it was just, this is all fear induced. And when the fear dissipates, which it will, enthusiasm will come back twice as hard. Pretty easy to see. Third thing, I literally tweeted how many times study reflexivity. The faster it falls, the faster it'll come back. You only got to see it one time in your life. You never unsee it. And so if something falls quickly, it's going to come rallying right back because that's how reflexivity works. And so here we go. We now are higher than liberation day. We still have tariffs in place for all the people who are like, oh, they walk

back to tariffs. But do you understand that the UK, we basically went to the United Kingdom and we said, hey, come over here, get over here, boy. And when they came over there, you know what we did? He said, sit down right here, like a grandpa, talking to his grandson. And when he said, you know what I think is going to happen here? You're going to take your tariff of 5.5%. You're going to lower that bad boy down to under 2%. And then you know what we're going to do? We're going to take our tariff of under 2%. We're going to jack that bad boy up over to 10%. So we got them to lower their tariffs and we raised our tariffs. And then we said, you know, all of our producers that you don't want our products coming into your market, you're going to stop that nonsense. You're

going to let our producers put those products into the market now. And guess what happened? That is a great deal for America. There's now a more even playing field when it comes to international trade. And so anytime that you can do that, guess what happens? Regardless of what the facts are in the economy, the people who are critiquing this stuff, they're on one side of the political aisle. It's all getting politicized. I don't care about the politics. Throw all of that out. I don't care if you're left, right, if you're up or down. All I care about is, did the United States get a better deal? In the UK case, objectively, yes. And now it looks like we're going to get the same thing in China. So people are like, oh, they walked back the Chinese tariffs.

No, we have a 30% tariff on China right now. 30%. China's tariff on us is 10%. We also are going to get access to the Chinese market. Historically, they were flooding our country with tons of products. 100% book it done. We absolutely are going to do it because guess what? We put 145% tariff on them and they panicked. They cut rates, they printed money and they came to the negotiating table after saying that they wouldn't do it. And so at the end of the day, the United States of America, we have the position of strength. All these people who are on the internet, who are yelling and screaming about their academic textbooks, they're morons. They have no clue how the world actually works and that's why you got this huge fear-induced politicized uh entire

approach to this guess what happens so far it looks like this administration who by the way does things on a daily basis that i disagree with that does things that i'm like i wish the right idea bad execution right same thing i used to say about the biden administration sometimes they had good ideas sometimes they had bad ideas sometimes they had good executions sometimes they had bad i don't care about the political stuff but what i do know is that they called their shot their babe ruth they walked up to the plate they pointed a center field and they hit a home run and they're going to probably do it a couple more times and you got to give them kudos because they are leveling the playing field on an international trade basis and that is good

for us that's what we wanted and frankly that's what most of the country majority of the country voted for that specific thing. Pro-America policy. People look at the border. The border is the craziest thing to me. If you look at the chart of the illegal crossings into the United States, it took them like four weeks to close the border. Four weeks. It's the most, I thought that they were going to close the border. That blew away any expectation that I had. Four weeks, maybe it was five weeks, whatever the number was, it was like weeks to do it. That is crazy to me that for four years it was open and they shut it like that. Now, same thing's happening here. And it goes back to this idea of our society in general is separating into people who have one of two

approaches to the world. They come to their life from a position of strength. They understand the power of strength. They understand the importance of personal agency. They understand that you can have an impact on the environment around you. They are all about action, not about always constantly complaining and being a victim. On the other side, there's a bunch of people in society who have been, unfortunately for them, taught that the way to maneuver through life is to be a victim, is to complain about everything, to not act, to take the approach of weakness when you're approaching situations. That's society at this point. Everyone wants to say political party at the end of the day i don't care the political parties are swapping back and

forth right what was republicans now democrat was democrats now republican who cares about all that stuff either you're somebody who believes in coming to your life from strength and personal agency and you believe you can act on the world or you are somebody who sits back and says that the world acts on me i'm a victim to whatever my circumstances and i cannot change it we went from a president who unfortunately was in that camp of I cannot change the world around me because they weren't doing anything. They were letting all this stuff happen. China in the negotiations literally said, we knew that there was a trade deal in place that we signed with Trump in his first term. When Biden took office, we knew he was weak, whatever the, I'm paraphrasing, but we knew he

was weak and we violated the trade agreement. We knew that he wasn't going to do anything. Now we go back to a position of strength. There ain't nobody violating any trade deals. yeah that's interesting well i do you agree yeah you do agree yeah okay um no i do think that you hate that i had you say that huh it's gonna clip that um first time she agreed with me in like three years no that was that was quite the speech there all right no what i was gonna say is um i used to think that like economic policy and like things like that couldn't necessarily be politicized because it's the economy, it's numbers, it's facts. But now I see how, for example, Scott Besant went to Geneva, he talked with China in trade negotiations, and they decided to reduce

the tariffs on goods from China down to 30% from 145%, and China's going to reduce it, like you said, to 10% down from 125%. Now, what I'm seeing is some headlines being like, oh, look, we're doing a great job with the negotiations. And some headlines being like, oh, we're walking it back. It's like, well, is it a negotiation or is it a walk back? And it's like, I think that's kind of what you see with how you want to see the world. Show me one person who thinks that we are caving, we are backtracking or any of this stuff, who's ever done high stakes negotiations. Show me one person. The odds are nearly zero of them who are saying that because they've never actually been through these types of negotiations.

It was like it was like a meme when the tariffs started. People were like, oh, I went back and I read the art of the deal and he's anchoring. Yeah. Right. And then a bunch of people like, no, he's not. He's stupid. He doesn't know what he's doing, whatever. Listen, there's a lot of things that you can comply. You can pick up any single person in the world and you can find amazing things they do and you can find stupid things that they do. Right. Again, throw all politics out if there's one thing that this guy has hung his entire career on it's negotiating and people always be like oh he had this one negotiation that didn't win like nobody bats a thousand right i'm not even saying he's gonna bat a thousand on the trade deals we actually may

end up doing a deal with some country somewhere that i think is a bad deal right but that uk deal i never thought we'd get that so you're saying that it's not it's still not free trade but it's freer trade what i'm saying is that free trade is a lie i've been saying that for months now is that the united states it's like we went to we went and took a nap right we went in the morning we went and talked to all the countries and we said hey you guys want a free trade free trade free trade yeah okay great okay we're gonna do free trade amazing that's basically a world trade organization all these things that we signed we then went to the little siesta started sleeping we woke up an hour later

all the other countries got together and decided that free trade thing we ain't gonna do that but we woke up and just pretended like the free trade thing

was still going on we're still doling out money we're still doing all this stuff whatever all these other countries they had tariffs on us they were subsidizing their producers

they were manipulating their currencies they were doing all this stuff by the way it shouldn't be political because Nancy Pelosi Chuck Schumer Bernie Sanders

all these people have been saying this for 30 years donald trump is a democrat running the republican party that's why the working class went from the democrat party to the republican party is because you had somebody who was a strong position of strength type leader who has the same democratic principles that the democrats used to have and now he's running the republican party and so i actually think that if i was the democrats the way that i would talk about it is i would say something to the effect of the democrats invaded

the republican party and took over because that's basically what happened they would never of course they wouldn't say that of course because to them it's more important about the optics of it but that's basically what happened right is you have people who are democrats elon musk democrat joe rogan democrat donald trump democrat right just go tolsi gabbard all of them i mean i think the pharmaceutical drug crisis is a very democratic move that is like the the most uh anti-free market thing in the world is to basically put in a most favored nation policy for pharmaceutical drugs By the way, it's great. It is going to drive down costs in America.

It will increase prices elsewhere, but it is going to drive down prices in America. And if you have a pro-American policy, then you should want the cheapest prices here in America. Help the person who needs medicine, who can't afford it in America. Great idea. But you are manipulating the market.

And so the second you start to manipulate the market, you are going to create issues elsewhere. But whether people like it or not, those issues aren't going to be in America because we're going to get the drug prices down. To your point, that is a very Democrat type policy, but it's the Republicans that are doing it. So just take away all the political parties. Just start talking about this idea of is it a good idea or is it not? Is it a good idea to shut the border? Whoever is going to do it? Duh. Yes. Is it a good idea to go to countries and say

whatever you do to us, we're going to do to you unless you allow for free trade. Duh, of course. Is it a good idea to get pharmaceutical prices down? Duh, of course. And so you keep going through all these things. And what you say is this is basically better execution of the Democrat policies the last 30 years. We're now just seeing it happen. And the world has shifted where somehow now you have a bunch of people who identify with the Republican Party who are actually encouraging this stuff. And so that is like a mind bend that somehow now we're seeing a bunch of stuff that was talked about for 30 years actually get put in place. And so again, I keep coming back to this. I don't care which political

party is in office. All I care about is, is the life of the average citizen getting better or worse? That's all I care about. And inflation has to come down. The stock market should go up. We should see things like pharmaceuticals, gas prices, food, et cetera, not keep exploding higher. We should leave people alone, should make sure that they're safe when they go out in their neighborhood or they go out in to their school, all this stuff. It's pretty simple, basic stuff. And then just let people live their lives and be happy. Speaking of walking statements back, EY, that was Ernst & Young. Is it now just EY?

I don't know. Okay. EY chief economist Gregory Dacco in this Bloomberg article says the temporary US-China tariff reprieve is a notable de-escalation, but it won't avert a slowdown. Front loaded demand, elevated price pressures and acute policy uncertainty will still weigh on hiring and spending. stop it stop what do we think i mean stop it does he not have a point no he doesn't have a point this is completely wrong why because they're thinking about it theoretically from an academic perspective that's not how the world works you know how i know ryan peterson flexport ceo 35 jump in ships already coming from china to the united states what's going on guys i hope you're enjoying this episode before you continue i want you to know about a brand new show called

from the desk of anthony pompliano i sit down at my desk every single morning and i explain what I think about current events. It's a great show that hopefully will keep you informed and entertained to a little bit. And so if you go all the way over to the other channel from the desk of Anthony Pompliano on YouTube, Rumble X, and every other platform from the desk of Anthony Pompliano is a show that'll keep you informed about all things, financial markets, general business, pop culture, and of course, Bitcoin. I'll see you guys over there. Now let's get back into this episode. It ain't even been a week yet. Explain to the people what Flexport is. It's been like four days. They're a freight forwarder, like a tech enabled freight forwarder.

So they see all the data. 35% jump in the number of ships or containers coming from China to the United States. It's been four days. He predicts that there's such a long line of pent up demand that there's literally going to be no space available on these ships very shortly here. so if you think about that what do you mean there's gonna be a slowdown there's going to be a massive boom and so that is really where we have to start positioning ourselves is you have to update your mental model of what's going on we went through the fear component it was very easy to see we're going back now here comes the momentum you better be ready because here comes the boom stock all-time highs by the end of the year bitcoin all-time high by the end of the year oh god i said it when we're down 20 people thought i was crazy when it happens y'all will remember i've been bullish this whole time if you guys clip that for the internet just cut me out

uh i've been bullish the whole time there's if they're like i say a lot of things that end up being wrong whatever this time and so far on pace did you so here's here's what i think about people people who believe this stuff i think that it's very hard to change somebody's belief about something so when they get data that contradicts it they're not gonna they're not gonna change their mind completely. They're going to walk it back, but still in a way that aligns with their view of the world. Are you saying that you were A, not willing to change your mind or B, that I guess, because you used to think tariffs were bad, but then you changed your mind too? I thought that tariffs were inflationary. That's what the economic professor in college told me.

That's what every single economist that I knew told me. That's what every single investor told me. Tariffs are inflationary. It was like the 12 commandments and tariffs are inflationary. You just regurgitated over and over again. It caused you to change your mind. Throw in a Hail Mary, maybe an Our Father, and then tariffs are inflationary. You just grew up. That was a staple. By the way, if you guys are wondering why Anthony has a scar on his forehead, it's because our one-and-a-half-year-old attacked him.

Yeah, me and that little boy. We're going to talk. He did slice me real good. It looks much better now than it did. But I was like, what did he slice you with? His toy. I was laying on the floor, and he whacked me, and then he laughed. He's definitely my son.

He's mostly a pacifist, though. Yeah, of course. tariffs are inflationary but what caused you to change your mind i went and i looked in 2018 because i saw all the economists agree on something the second i saw all the economists agree i said they're wrong that is that look again update your mental software new way to look at the world the second that all the economists agree on something immediately take the other side it's very simple as soon as there's consensus why because they're academic they're all academic but they never agree on anything they always disagree so the second

they all build it what it means is it's actually a sign that they're not thinking that we have now outlawed dissent they all fell in line as soon as we outlawed dissent you know dissent is correct remember when you couldn't say that the lab leak theory was true now guess who's saying it the government's saying it but literally it was outlawed the outlawed dissent and if you said anything other than the bat is the virus you were literally kicked off the internet as soon as you saw dissent is outlawed i said oh i'll never forget zero hedge got kicked off uh twitter i turned the point i said that's true easy as soon as you outlaw dissent it is true and so here easy i'm just telling you guys what i did all the economists agreed bam they're wrong i don't you

could tell me anything you literally could tell me that all the economists say the sky is blue today they're wrong because in a group of people that big somebody looks up in the sky and says hmm i actually think it's white because there's a lot of clouds right and then there's debate there's dissent there's all but that's not what was happening every single one of them all came out and they all put on their nice little suits and ties they went on to television they all said you know i'm the professor at whatever university uh of course tariffs are inflationary this is horrible a great depression in 1929 shut up what do you guys know you guys were wrong and it goes back to we've seen this over and over and over again because the same people who said that

tariffs were inflationary the same people who said that inflation was going to be transitory who are the same people who said that the virus came from a bat you just go all the way back i remember the confidence of the inflationist transitory people that was again so easy the second they all started saying it you're like they're wrong duh you can't print trillions of dollars and not get inflation yeah all right on that note it's been a pleasure all right thank you very much i appreciate it it just felt good to rant a little bit today you know in uh as a reminder i appreciate your time i appreciate you guys watching but uh next three one one more win ding bong ding dong it's like ding dong all right see you guys next

time.