#734 The Economy Is Worse Than You Think w/ Preston Pysh

The Pomp Podcast

Anthony Pompliano

Business, Investing

4.8 • 1.9K Ratings

🗓️ 29 November 2021

⏱️ 40 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Preston Pysh is a financial investor and host of the "We Study Billionaires" podcast. In this conversation, we discuss negative yielding debt, increasing stress on pension plans, and how Bitcoin can solve recent macro economic problems. ======================= Circle is a global financial technology firm that enables businesses of all sizes to harness the power of stablecoins and public blockchains for payments, commerce and financial applications worldwide. Circle is also a principal developer of USD Coin (USDC), the fastest growing, fully reserved and regulated dollar stablecoin in the world. The free Circle Account and suite of platform API services bridge the gap between traditional payments and crypto for trading, DeFi, and NFT marketplaces. Create seamless, user-friendly, mainstream customer experiences with crypto-native infrastructure under the hood with Circle. Learn more at circle.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
0:07.4	podcast, simply the best podcast out there. Now let's kick this thing off. Preston Pish is a financial
0:13.2	investor and the host of the podcast we study billionaires. In this conversation, we discuss
0:18.4	everything from negative yielding debt to the incredible stress that pension plans are under to how Bitcoin can help solve a lot of these problems.
0:27.3	I really hope you enjoy this conversation.
0:29.4	I always enjoy talking to Preston.
0:31.2	Before we get to the episode, though, I want to quickly talk about our sponsors.
0:34.3	First up is BlockFive.
0:35.5	BlockFide provides financial products for crypto investors.
0:38.3	Those products include a high yield interest account, a US dollar loan product against your
0:43.3	crypto collateral, and a no-fee cryptocurrency trading platform.
0:47.3	BlockFi also just released a brand new product of Bitcoin rewards credit card.
0:51.3	It's a normal credit card that when you swipe it, you earn back
0:54.6	Bitcoin rather than cashback or airline miles. Normal credit card, Bitcoin rewards,
0:59.7	no cashback, no airline miles. It's awesome. I've been using it now for a couple of months,
1:06.1	and I got to say that not only am I earning Bitcoin back, but also there's a great feeling when you're
1:11.8	swiping your card knowing that it's going to end up being much less expensive than it is today.
1:17.1	Go check it out at blockfi.com slash pomp. Again, blockfi.com slash pomp to start with that
1:22.9	Bitcoin rewards credit card today. Blockfi.com slash pomp. Next next up is choice it's time to stop paying capital
1:29.2	gains taxes on your bitcoin and choice is here to help they are rebuilding the way bitcoiners approach
1:34.1	retirement by making it possible to invest in bitcoin and 19 other digital assets inside your i r a right now
1:40.7	every time you make a trade you have to pay capital gains taxes that can be as high as 37%.
	...

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