BREAKDOWN: Rebuilding the Resilience Economy, Feat. Anthony Pompliano
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 9 April 2020
⏱️ 53 minutes
🧾️ Download transcript
Summary
As host of the Pomp Podcast, author of the daily Off The Chain newsletter, and founder partner at Morgan Creek Digital Assets, Anthony Pompliano is one of the best known media personalities and investors in the crypto industry.
In this episode, he and @NLW discuss:
- The Fed’s just announced $2.3 trillion stimulus package - including the authorization to buy junk bonds
- Why media and trust have desiccated to their lowest levels ever
- The lack of a plan to restart the economy
- Why Bitcoin was sold in last months larger market sell off
- Why smart institutional investors are looking to bitcoin as a hedge when the deflationary environment turns inflationary
- Why companies have to be allowed to fail to increase resilience
- Why the best way to build a resilience economy is to put money in the hands of entrepreneurs and small businesses
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Transcript
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| 0:00.0 | Welcome back to The Breakdown, an everyday analysis breaking down the most important stories in Bitcoin, crypto, and beyond, with your host, NLW. |
| 0:15.0 | The Breakdown is distributed by CoinDesk. |
| 0:20.0 | Welcome back to the breakdown. |
| 0:22.4 | It is Thursday, April 9th, and boy, oh boy, did we wake up to it today. |
| 0:27.4 | Within about a half an hour of each other, two major announcements happened. |
| 0:31.0 | First, that the jobless claims were, again, at 6.6 million, bringing the total number of |
| 0:37.2 | Americans who have filed these claims to something |
| 0:39.1 | like 16.5 million over the last three weeks, which is 10% of the working population. |
| 0:44.7 | We also got announcement of a $2.3 trillion stimulus from the Fed, which included not just more |
| 0:50.9 | money, but new mandates to buy things like junk bonds that were not previously |
| 0:56.8 | on the table before. So crazy things going on in the markets, as has been the case for a month. |
| 1:04.0 | And today, to help us get through what they all mean, I have on Pomp himself, Anthony Pompliano, |
| 1:10.6 | the host of the Pomp podcast, formerly |
| 1:12.5 | off the chain, author of the newsletter of the same name. And I wanted to have Pomp on for a couple of |
| 1:19.2 | reasons. I think that right now, two of the biggest crises that we're facing are crises of |
| 1:25.2 | media and trust and information and crises of economics and how we |
| 1:29.4 | redesign the economy. Pomp's life kind of sits at the intersection of those two things |
| 1:33.8 | based on the platform that he's built for himself in independent media and also for his |
| 1:37.9 | work investing and allocating capital in the crypto markets. What's more, one of the things that is really cool about forcing |
| 1:46.6 | yourself to do a huge amount of content like Pomp does is that it forces you to be learning |
| 1:52.2 | constantly. And so I wanted to flip the switch for Pomp and allow him to be the one being |
| 1:56.3 | interviewed to share just raw and filtered his ideas, not be just trying to get out ideas from his |
... |
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