352: Congressman Tom Emmer on Bitcoin and Decentralization

The Pomp Podcast

Anthony Pompliano

Business, Investing

4.8 • 1.9K Ratings

🗓️ 3 August 2020

⏱️ 54 minutes

🔗️ Recording | iTunes | RSS

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Summary

Congressman Tom Emmer has served the people of Minnesota as their elected official in the US House of Representatives since 2015. He also currently sits on the House Financial Services Committee and is one of the leading voices for blockchain technology in the US government. In this conversation, we discuss wealth vs debt, sound money, the Federal Reserve, issues with centralization, the current economic situation, a digital dollar, the stimulus bills, technology trends, and Bitcoin. =============================== Our second sponsor is Choice, a new self-directed IRA product that I'm really excited about. If you are listening to this, you are likely part of the 7.1 million bitcoin owners who have retirement accounts with dollars in them, but not bitcoin. I was in that situation too. Now you can actually buy real Bitcoin in your retirement account. I'm talking about owning your private keys and using tax-advantaged dollars to do it too. Absolute game changer. https://www.retirewithchoice.com/pomp =============================== Pomp writes a daily letter to over 50,000 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://www.pompletter.com

Transcript

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0:00.0	What's up, everyone? This is Anthony Pompliano. Most of you know me as Pomp. You're listening to the Pomp
0:05.3	podcast, simply the best podcast out there. Let's kick this thing off. Congressman Tom Emmer has served
0:12.9	the people of Minnesota as their elected official in the U.S. House of Representatives since 2015.
0:18.4	He also currently sits on the House Financial Services Committee and is one of the leading
0:22.7	voices for blockchain technology in the US government.
0:26.3	In this conversation, we discuss wealth versus debt, sound money, the Federal Reserve, issues
0:32.8	with centralization, the current economic situation, a digital dollar, the stimulus bills, technology trends,
0:40.3	and Bitcoin. I really enjoyed this conversation with the Congressman, and I hope you do as well.
0:46.8	Before we get into the episode, though, I want to quickly talk about our sponsors. The first is Block5.
0:52.5	Block 5 is an awesome company that I'm not only proud to be an investor, but also a user.
0:57.6	They've got three products.
0:59.1	The first is you can buy and sell crypto on their crypto exchange.
1:02.0	You can deposit crypto and take out a U.S. dollar loan against your collateral, or you can use my favorite product, which is depositing crypto or a stablecoin and earning up to 8.6%
1:12.3	APY in an interest-bearing account. Go check out blockfi.com slash pomp to learn more. Again,
1:20.6	the 8.6% APY on an interest-bearing account is an incredible product, in my opinion. There's risk, so do your own
1:29.1	research, but go check out BlockFi.com slash pomp. Our next sponsor is Choice. Choice is a new
1:37.8	self-directed IRA product, and if you're listening to this, you are likely part of the 7.1
1:43.0	million Bitcoin owners who have
1:44.4	retirement accounts with dollars in them, but not Bitcoin.
1:47.4	I used to be in that situation, too.
1:49.5	Now you can actually buy real Bitcoin in your retirement account.
1:53.1	I'm talking about owning your private keys and using tax advantage dollars to do it, too.
	...

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