Anthony Pompliano
π€ SpeakerAppearances Over Time
Podcast Appearances
Those two assets used to be kind of simpatico.
You know, Bitcoin would go up, gold would go up, and the Bitcoiners and the gold bugs would sharpshoot each other.
But really, they were brothers in arms of the sound money principles.
Gold bugs are celebrating.
They have done very well over the last year while Bitcoin is not.
Why do you think that's happened?
Do you think that there's like a Mad Max scenario fear right now and that's why gold's done so well and Bitcoin hasn't?
Or do you think it's more kind of central banks or like what do you think is describing why gold has outperformed the last 12 months?
So one of the things I find interesting is central banks in other countries, we kind of deem them as like the smart money, right?
And, okay, they're going to sell dollars and they're going to go buy gold or they're thinking about geopolitical, maybe, you know, multi-polarity, kind of all these things that are cool to talk about.
But then here at home, we've got the White House who's basically calling Powell an idiot every day.
And Powell basically, you know, yelling and screaming back, saying that the White House is not the smartest, you know, tools in the shed.
And so how do you look at the tension between the executive branch and the Federal Reserve?
And, you know, should we just extrapolate maybe the chaos between those two groups here in the U.S.
and say, hey, this is how it is in all these other countries as well?
And maybe the central bank isn't as all knowing.
Now, what's interesting to me is the Fed is deemed independent, but yet they still are overseen by Congress.
And, you know, you said as a Austrian economist, very different views than maybe the Keynesian economists would have.
And so how do you look at the role of the Fed and its independence?
And, you know, if you could kind of draw it from scratch, what exactly would they be doing in an economy like the United States?