Anthony Pompliano
๐ค SpeakerAppearances Over Time
Podcast Appearances
Well, that's the government.
Right?
So we know that they're bad at it.
They basically create a Ponzi scheme where they are paying out the current benefits by taking in new money.
And if they stop taking in new money, they wouldn't have enough money to pay out the benefits.
In terms of the pensions, it sounds like on one hand, they did have a dedicated professional team to do it.
But what you're saying is they owed the money regardless of whether they were good at investing or not.
And so companies really just saw that as quote unquote risk.
And that's where they created this idea of like, well, rather than give it to the company, why don't you just keep the money?
It's on you.
Yep.
On one hand, I kind of like that.
I'm like, hey, and it's personal responsibility.
On the other hand, how many people like personal responsibility and actually benefit?
What are the other things that you see people doing?
So there's this whole idea of leveraging and taking responsibility, which isn't like some alpha generating, hey, go buy this stock, go do this certain strategy, but it's just like the money is sitting there, pay attention, which actually is pretty important.
And how does that work, a solo K?
And when people are doing this, how much of these wealthy clients are they putting, you know, 100% in the Bitcoin versus you see them say, OK, hey, I want, you know, 5, 10% Bitcoin.
I want some stocks.
I want kind of different assets like to talk through, you know, kind of the asset allocation.