The Pomp Podcast
Did Jerome Powell Lie to Congress? The Fed’s Palace, Politics & Rate Cuts | Anthony & John Pompliano
Again, forget the person for a second, just the posturing.
The Pomp Podcast
Did Jerome Powell Lie to Congress? The Fed’s Palace, Politics & Rate Cuts | Anthony & John Pompliano
It changes the world, right?
The Pomp Podcast
Did Jerome Powell Lie to Congress? The Fed’s Palace, Politics & Rate Cuts | Anthony & John Pompliano
In different ways.
The Pomp Podcast
Did Jerome Powell Lie to Congress? The Fed’s Palace, Politics & Rate Cuts | Anthony & John Pompliano
In that world, there's actually more macro stability because there's kind of like a world police to a degree, right?
The Pomp Podcast
Did Jerome Powell Lie to Congress? The Fed’s Palace, Politics & Rate Cuts | Anthony & John Pompliano
There's like somebody who's willing to enforce their view of the world, whether other people agree with it or not.
The Pomp Podcast
Did Jerome Powell Lie to Congress? The Fed’s Palace, Politics & Rate Cuts | Anthony & John Pompliano
Bitcoin as a chaos hedge becomes, maybe people aren't rushing to it because they're like, well, there's a little bit less chaos in the world, right?
The Pomp Podcast
Did Jerome Powell Lie to Congress? The Fed’s Palace, Politics & Rate Cuts | Anthony & John Pompliano
Whereas if you go back to the last administration, Russia, Ukraine, Israel, Hamas, like these things where you're just like, dude, it kind of feels like the world's on fire a little bit, right?
The Pomp Podcast
Did Jerome Powell Lie to Congress? The Fed’s Palace, Politics & Rate Cuts | Anthony & John Pompliano
And again, it's not a perfect analogy, but I do think that that's playing into some of the Bitcoin stuff.
The Pomp Podcast
Did Jerome Powell Lie to Congress? The Fed’s Palace, Politics & Rate Cuts | Anthony & John Pompliano
And then also like AI is a huge part of the story.
The Pomp Podcast
Did Jerome Powell Lie to Congress? The Fed’s Palace, Politics & Rate Cuts | Anthony & John Pompliano
It's just like AI has become, you know, the shiny thing.
The Pomp Podcast
Did Jerome Powell Lie to Congress? The Fed’s Palace, Politics & Rate Cuts | Anthony & John Pompliano
And, you know, I was talking recently to our team.
The Pomp Podcast
Did Jerome Powell Lie to Congress? The Fed’s Palace, Politics & Rate Cuts | Anthony & John Pompliano
You know, one of the things that's really interesting to me, how many 18 year old Bitcoiners do you know?
The Pomp Podcast
Did Jerome Powell Lie to Congress? The Fed’s Palace, Politics & Rate Cuts | Anthony & John Pompliano
I'm a little bit older, so I'll hang out with a lot of 18 year olds in general.
The Pomp Podcast
Did Jerome Powell Lie to Congress? The Fed’s Palace, Politics & Rate Cuts | Anthony & John Pompliano
But most of the like 18 to 22 year olds, they're not into Bitcoin that I know.
The Pomp Podcast
Did Jerome Powell Lie to Congress? The Fed’s Palace, Politics & Rate Cuts | Anthony & John Pompliano
It's really call it the late 20s to maybe late 40s, the millennial generation.
The Pomp Podcast
Did Jerome Powell Lie to Congress? The Fed’s Palace, Politics & Rate Cuts | Anthony & John Pompliano
They're super into it.
The Pomp Podcast
Did Jerome Powell Lie to Congress? The Fed’s Palace, Politics & Rate Cuts | Anthony & John Pompliano
And my theory is that they psychologically were scarred by the global financial crisis, but they didn't have enough assets to really be hurt by it.
The Pomp Podcast
Did Jerome Powell Lie to Congress? The Fed’s Palace, Politics & Rate Cuts | Anthony & John Pompliano
So they saw what was happening to their parents, their friends' parents, maybe their grandparents, et cetera, but they were kind of just out of school, in school, or going into college.
The Pomp Podcast
Did Jerome Powell Lie to Congress? The Fed’s Palace, Politics & Rate Cuts | Anthony & John Pompliano
Those people are super into Bitcoin.
The Pomp Podcast
Did Jerome Powell Lie to Congress? The Fed’s Palace, Politics & Rate Cuts | Anthony & John Pompliano
But those people also were coming into, you know, their kind of wealth creation or their earning years at a time when Bitcoin was still pretty low in price and people thought there was a lot of asymmetry.