Why Bitcoin Wins No Matter What Congress Does | Anthony & Polina Pompliano

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Previously titled “Why Socialism Will DESTROY Your Investment Portfolio | Anthony & Polina Pompliano” — renamed by the publisher on Aug 3, 2026

The Pomp Podcast 42 min 2 speakers 5 chapters transcribed 1 month ago
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Transcript generated automatically by AI and may contain errors.

What is the main topic discussed in this episode?

Anthony Pompliano 0:00
The number one threat to investors' portfolios over the next 20 years is socialism. And there's two types of socialism. There's explicit socialism and there's implicit. What's going on, guys? I have a very special treat for you. Polina Pompliano, my beautiful wife, she is back. For the last year, she has been like a ghost. You haven't seen her. She's been gone. It's because we had two beautiful little boys and now she is back from the maternity leave. And we're ready to get into it. There's a lot we gotta cover. You know me, if my wife's here, I got a hot take about something. And so we get into everything from why socialism is a big threat to investors' portfolios, what's going on in the economy, why inflation is higher, why somebody, people actually are feeling pain in their everyday lives, but the stock market's at all time highs.
Anthony Pompliano 0:43
And of course, we talk about some of my life advice. Let me, you know, just talk about what are some of the things you should take away from this conversation. Here it is with Polina Pompliano. All right, Polina, what's the first topic?
Polina Pompliano 0:54
All right, we're talking interest rates. Citadel. Boring. You sound like our two-year-old. Citadel surprised investors on Monday with a report that they expect the Federal Reserve to raise interest rates this week. Do you think the market is underestimating what could happen?
Anthony Pompliano 1:11
I do not think that interest rates are going to be raised. I think that they're probably just going to kick the can down the road by getting the inflation report where it showed that inflation was cooling. That means that the Fed is going to have a much harder time going and raising interest rates. On top of that, if you look at all of the market probabilities, every single data point is showing that the Fed is less likely than they were previously to raise interest rates. And so will they cut? Probably not either. I think they're just going to keep kicking the can down the road. It's what the Fed does best. They'll say, let us just wait for some more data. The Fed 100% wants to cut rates if they could, but the data is not there yet.
Anthony Pompliano 1:44
And so I understand everyone wants to be contrarian. Everyone wants to be a genius and say, oh, they're going to raise rates. That's the cool thing to say. But I just don't see that happening.
Polina Pompliano 1:53
But do you think that so Trump said that he wants the Fed to lower rates? Do you think there's some political pressure there?
Anthony Pompliano 2:00
Well, it's definitely political pressure and they should lower rates over time. The problem is that when the Iran war kicked off, you had this short term energy spike in prices. And so at one point, 60 percent of the increase in inflation month over month was all due to energy. And so if all of a sudden energy prices start to come back down, which they have, and then they've resurged again, then they've come back down, then they've resurged again, you get this like volatility in energy prices that make it really hard to predict where's inflation gonna be. So actually one of the worst things you could do is you could start to tighten or increase interest rates. And when you do that, all of a sudden you're doing it in the middle of the AI slowdown over the summer, headed into August and September.
Anthony Pompliano 2:41
And at the same time, you get a spike in energy prices. Like you could really start to mess with this. So we got a good thing going. Let the U.S. economy keep doing its thing. You're seeing the earnings per share. You're seeing all of the future EPS is all growing at this incredible rate. Companies are more profitable today than they've ever been before.

How are interest rates, the Fed, and recent inflation data affecting the economy and markets?

Anthony Pompliano 3:00
And so just let the economy do what it's supposed to be doing. Either leave rates where they are or cut them. But if you raise rates, you got to be a first class moron. And I don't think they're going to do that.
Polina Pompliano 3:11
What assets do you think are mispriced if interest rates stay high for long?
Anthony Pompliano 3:18
Well, I think that almost every asset price in the world right now is misunderstood because one of two scenarios is going to play out. Either we're going to get sky-high inflation like all the doomers are predicting, and in that case, then every asset price is going to explode going forward.

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