What's up, everyone? This is Anthony Pompeo. Know many of, you know, me as Pop. You're listening to the pump podcast, which is my effort to find the most interesting people in the world and sit with them for hours while I ask questions in an effort to learn. So, it would mean the world to me. If you would subscribe to the show on your favorite audio platform, watch episodes on YouTube and tell your friends and family about the podcast. My goal is to help Millions learn from the world's most interesting people. So let's get into today's episode. What's going on guys today? We've got a very
a special episode for you. It is with Polina promptly on, oh, and we go deep on the 2024 election. We talk about Donald Trump's decisive Victory. Why was a landslide? How I knew that was coming, what it means for your Investment Portfolio, including stocks Bitcoin and much more. Then we talked about the Republican and Democratic parties, how they've been evolving? What our predictions are for the next four years, under a trump presidency and then we even get into details like JD Vance, Elon Musk and much more. What we are watching is a historic victory for Donald Trump, probably one of the greatest comebacks.
Medical history, but there are massive ramifications across Society, both economically and socially. And so we try to unpack as much of that, as possible. Again, I'm an independent and so is Polina regardless of how you voted. We are simply trying to understand where the world is going and how it will impact us our portfolio and all of you as well. So I love feedback if you agree with something. If you disagree with something please let us know in the comments, the more that you give us feedback, the better the show becomes. And so here's my latest conversation with Polina pumping on oh,
Anthony promptly, ah, no runs pump Investments all views of him and the guests on his podcast are sholay, their opinions and do not reflect the opinions of hop Investments. You should not treat any opinion expressed by pomp or his guests as a specific inducement to make a particular investment or follow a particular strategy. But only, as an expression of his personal opinion, this podcast is for informational purposes. Only today's episode is brought to you by polka dot polka. Dot offers secure, scalable and decentralized blockchain.
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man. Today's gonna be an explosive one. What is your initial reaction to the Trump victory?
Donald Trump won in a landslide. Exactly. As I predicted and I think that the American people have sent Donald Trump back to the White House with a mandate they want lower inflation. They want more home affordability, they want secure borders. They want to feel safe in their own cities. They want to understand that the president of the United States is working for them, not against them. They don't want us engaging in Foreign Wars and they want to feel like America's future is much brighter than its past.
And it's very clear. I continue to talk about this Americans want to feel safe. They want to feel strong and they want Economic Opportunity, and whether you like Donald Trump or you don't, it is very clear that most people were better off from 2016 to 2020. Then they were in 2022 2024, whether that is policy related or not, Donald Trump is coming back to the White House because there's a lot of people that say, I want that guy. And what is most interesting to me is that
Democrat Party, they made the Fatal mistake the original sin. If you are competing for something and you spend more time talking about your competitor, then you do talking about yourself, people sense. Weakness, they can smell the fear in the air poles. Lie Vibes, don't lie. And so that's what really drove my understanding. That this was going to be a landslide. I did not think that Donald
Trump would be able to pull off a win in the house, the Senate, the popular vote and the electoral vote. But I told my brother, two days ago, I think this is going to be such a landslide that he may be able to win the popular vote. And John was like, there's no way that's insane and he talked me off. The
ledge. I believe a republican has not won the popular vote in the last 20 years,
but we have to go back and understand why our people
Going towards a candidate who's not a politician, he's an outsider. Who's been highly disruptive? There is one the policies. A lot of these policies are common-sense policies. How in the world is that the United States runs a two trillion dollar annual deficit but American citizens are paying up to 55 percent of their annual income to the government, right? Tax? Receipts. Keep going up but they keep spending.
I'm more that is dumb and the American people just mandated Donald Trump to go there and to cut spending and to cut taxes. Stop taking so much of our money and stop wasting so much of our money. Then they look at and say why are we sending hundreds of billions of dollars to Foreign Wars that were not involved in? If we want to help our allies then other countries should also be helping but if the United States is going to
Try to play police on a global basis, it is going to try to have a highly regulatory environment, domestically around housing energy and other places. We're going to open up the border and let millions of people who have no clue who they are. Walk into our country. It is death by a Thousand Cuts. We just keep getting sliced and sliced, and sliced spending is out of control and there is no plan to stop it.
And so, the American people went into The Ballot Box last night and they said enough, and they didn't just say enough, they yelled enough. And I think that the Democrat Party, it's the single best thing that could have happened to them because it is going to cause them, to go and reset. Who are the young Stars? The Democrat Party. We don't know who they are. Who are the people who are pulling independent voters over to the Democrat Party? I don't see many. And so, the Republican
Which now constitutes Donald Trump? JD Vance, Elon Musk, Dana White. RFK Tulsi gabbard Danica. Patrick. Just go down the line. They have built a team of the Avengers of all of these people who have unique thoughts about where should the country
go. And you know, what's amazing to me is I was watching The Joe Rogan Elon Musk podcast episode and Joe was saying something like,
You know, I just can't believe what has happened to the Democratic party. It used to be common sense, right? And Ilan said, Joe. You and I used to be Democrats like it, you forget that all these people were actually more, they leaned left, and the Republicans have somehow pulled a lot of them.
I actually think he'll see that the left went so far left. That they just did the rubber cup Republicans in pull.
Over these people were politically homeless. Yeah, Doug, why don't identify with this far left stuff and I don't actually think of myself as a hardcore Republican. I just feel like I am Center Center, left center, right? Whatever kind of have common sense. I don't want any extremism in My Views or implemented in the country and the Republican Party actually move towards the center. And so, one of the things that a lot of folks that I continue to talk with and when I say,
Vibes. Don't lie. My greatest advantage in being able to predict the landslide for Donald Trump over pollsters or anybody else. Is that, I talked to a lot of people, I talk to Rich people. I talk to poor people, I talk to people outside the United States and talk to people in the United States. I talk to people that run companies, I talk to people that work at companies. I talk to people who invest and I talk to people who don't invest, and I talked to hundreds of people and you could easily tell that there was a lot of closet, Trump supporters, then we're going to cross over, they're going to vote for Donald Trump.
But also, what you could tell is there was a lot of people saying this is insane. What has been being done? Because if you look at things like home affordability, if you don't build more houses, home prices, don't come down. It's very simple. And instead of saying here is how we are going to deregulate the Housing Industry. And we are going to go and build millions and millions of homes.
You had policies being presented from the left. That was, we are going to give 25000 dollars for first time home purchase that is economic illiteracy. Also known as stupidity because if you give 25000 dollars out to people, to go buy a home, all home prices go by 25,000 audio, she made it more unaffordable, then if you go and you look at things like boys playing in women's sports. Highly controversial in the media. It's not controversial for the common sense. American
And when people go behind closed doors, when people go to their local bar, when they go in the hand with their friends, they say this is insane and then they went to The Ballot Box and they said no one knows, but I'm going to vote and some of the votes Starr County in Texas is probably the most mind-blowing data point that we had happened. Stark County is in the southern part of Texas, 96 percent Latino vote. Hmm! 96% Donald Trump in 2016.
16 lost Starr County by 60 points. Yeah, 60. That is a blowout that you cannot recover from.
Donald Trump won last night, Starr County by 16 points. In eight years. It is a 76 points Wing in a county with 96% Latinos. You know why? Because Latinos immigrants, blacks, and other groups that everyone wants to try to put their identity Politics on to, they probably walk in those ballot boxes, based on all of the anecdotal data that I have. And the results we saw last night and say
I'm voting for The authentic guy. I'm voting for the guy where I know where I
stand with but and hold on a second. I don't want to like highlight what do you think changed in those eight years? Because like I said like he lost that County but now he won what have I
don't think people took Donald Trump seriously in 2016 and I think that it was very easy for them to yell and scream he's racist, he's whatever. Yeah right.
I do think that now the internet Elon Musk buying Twitter and podcast, completely broke this thing open and the internet called The Bluff of the mainstream media. Remember, we are talking about people saying that Donald Trump was holding a Nazi rally at MSG. That's crazy. Wow, there are Israeli flags hanging in the building. There are Jewish people
Speaking on stage. And so the American people are not stupid. You can fool them one time. But what they did last night is they basically went into the mainstream, went to those voting booth and they give the middle finger to the mainstream
media. Do you remember what you told me a few days before the election? You said if Kamala wins then I think that the mainstream media still is like very dominant and I think we saw
if
Kamala Harris had one. It means that the mainstream media has more influence than the internet, right? But if the opposite happens, the internet now has more
power than the mainstream media. It is hard to know if you're living in a bubble, right? Like we're on Twitter, we're all reading the stuff. It's hard to know if that's a microcosm of what people feel, but I think last night proved that, it's not
the mainstream media was gaslighting. The American people gasp. Let us on the Joe Biden is
okay. Yeah, the Biden situation was just absurd because
I thought that people knew this was a lie but I think people believed that he is totally okay I
don't know. I should we ever listen that that's the question. Now it's no longer maybe they're right maybe the wrong. It is to the point where they are activists I'm a pretty reserved person, right? I don't like to kind of jump to conclusions. I don't like extremism etcetera. I have many friends for years that have been saying this and I've always said given the benefit of the doubt. It's a hard job etcetera. I still believe those
Things to be true. I still think that being a journalist is a very difficult job. I have many friends who are journalists, who I think do a good job, but there are a number of journalists that I also know
they're full of shit. They're just activists masquerading as journalists but hold on. And I think to your point that this is going to make the Democratic party reset. I think the same is going to happen with big Legacy Media organizations because this is a big L for them. This is a huge huge
Huge, you're walking around with a l tattooed on their forehead right
now. No. But it's just like, I think it worked in 2060 are in 2020 and then they were caught flat-footed in 2016 worked in 2020. And now it was like saying the fascism thing saying the Nazi, think throwing out these big big words still didn't sway people. And I think that that loss, and that like deafening of the American people of, like I cannot listen to any more of this.
I I know the facts. I
think it was desperation. Yeah, and the more they lashed out the less that the American people believe them, they could sniff the desperation. You cannot fool, the American people. More than once on top of that. What I think is always telling. If you spend more time, talking about your opponent, then you do talking about your own policies. They smell fear and that's what it was Vibes, don't lie. And so, on top of that,
I think that the other things that we have to talk about JD Vance is the classic American story, right? This guy who has been attacked non-stop in the media, should be held on a pedestal for every American to see. Anything is possible in this country. He was born to a drug addict in Appalachia, an area of the country that is basically forgotten by the coastal.
Elites severe poverty.
He lived in poverty.
He served in the Marine Corps, he deployed overseas in defense of his country. He came back and used the GI bill to go to college. He graduates from Yale law school. He then helps to fund companies in America. He builds his own company. He writes a best-selling book talking about the people that he grew up with and why their plight, their struggle is misunderstood
And then he becomes the vice president of states. The third youngest vice president in history. Anything is possible in this country, but we need free speech. We need the right to defend ourselves. We need to be left alone by the government. And we need to believe that the future is going to be better than
the past. And I do think that the biggest attack on JD is, oh, you used to be a never Trumper, right? Like you used to in 2016, I believe he said that Trump was
Dangerous and whatever he said, then he shifted and changed his mind. I don't understand in this country why we call these people flip-floppers and we attack them where you could be like, wow, why did you change your perspective? Did you get new information? How did you know your mindset change around this? And I think that that's actually really interesting and it says something about freaking Donald Trump about being able to convert some of his
political Donald.
Trump completed the hero's journey. Donald Trump went. He became president surprise.
He then was persecuted by everybody. He was persecuted by the media who was persecuted by his opponents. He was persecuted by the people inside of his own Administration. He was under attack from every single angle and I would argue he was unprepared and he fell think about 2020. How many people were upset with Donald Trump and his views, and his thoughts, and his policies is handling, and could all these things. They had them.
But the hero's journey means you staged a comeback and if you look at what Donald Trump was able to do over the last 18 months, he befriended most of his enemies. Megyn Kelly went on stage with Donald Trump and said I'm voting for this man. If people don't remember, Megyn Kelly is the one who asked him. The tough question in the debate in 2016, and she got skewered by the Trump supporters
and by Trump
himself. And he
I'd wake up and just tweet chaos at her everyday just attacked her day after day. After day after day, I've listened to her talking podcast about. She's like, my life got turned upside down, I had people coming up to me in the streets, we to get security. It was insane.
To now the hero's journey. Is he befriends all those
enemies? Now, people would say, did he befriend him, or did they want to align themselves with him? Because of either fear of Retribution or they just want clout of some sort?
We will never know. But what we do know is that that hero's journey gets completed. Don times going back to the White House, greatest comeback of political history in the United States. Here's why this is important. I do.
She enjoyed talking about politics that much, but the vibe shift that is happening in politics. Does feel different has a complete
And utter impact across Society, both investing and also what's going to happen now. So, there's two things that I think are really important, Elon Musk who we recently learned is a top-20 player in the world in Diablo who also is running Tesla, SpaceX twitter, neural link, the boring company, Etc, xai,
He not only put his money where his mouth was. He also went to work. And so he went to Pennsylvania and he figured out in Elan fashion. What are the one or two levers that I can pull that are going to actually deliver Pennsylvania for Donald Trump. It worked, what did he do? He gave away a million dollars per day. There's a lot of people who say it's illegal. A judge said, no, it's not to basically have people sign up for a
Mission at the America pack that says, I support the US Constitution, send a message to Washington. The Constitution is still important in an environment
where we have to sign
in an environment where there are multiple people on the left who have recently talked about the fact that the first amendment is in their way. Tim walz said on the debate stage, that the First Amendment doesn't apply to disinformation, or misinformation, you're wrong.
It does because you don't get to decide what is
disinformation. I think before you run for president you are required to take like a drill down on 101 class. Go on. Yeah and
so just go it goes back to this idea of the American people. They saw both cases and this was decisive. Now, the other thing that Elon did is Elon basically along with Trump and the campaign learned from the Democrat Party. So one of the most fascinating parts of politics to me, is the marketing.
There's two campaigns, they're competing with each other for attention, Elon Musk Trump and the Trump Administration they got out the vote. They went the Amish vote. Incredibly important people forget that the Amish have been being persecuted by the US government because they're doing things with the milk which sounds insane. But imagine if you're a farmer, you've been farming the same way your new generations.
In Generations, you're not bothering anyone and the US government shows up and says, you can't do that. You think you're going to like them, of course not. And so they claim that 150,000 Amish, people went to vote in Pennsylvania that usually wouldn't vote big deal. The second thing that they did is they went and they actually provided transportation for people to get to the voting booths. So Democrats, historically done, a great job of this, it's not illegal, it's no problem with that. Actually, I would argue that if you're helping people vote, it's a good thing. You're providing transportation.
Even with Republicans usually don't do that. So, they've learned from the ground game of the Democrats, vice versa. I have never once seen a hat in any city in America for a Democrat candidate until this past weekend, I saw multiple Harris walls. Hats, walking around the New York City marathon.
And I said to myself they learned from Trump. So both parties are looking at the other part in saying, what works? How do I actually use this to my advantage which is what you want the competition, right? You're supposed to be getting better. You're supposed to be trying to find the edge. Oh, my competitor has an edge there. Let me try to replicate that for myself. So I think that is a very interesting thing. Now, one other thing that I want to talk about around the politics in particular, is that as a country
And we now have a choice. We can continue to get pulled further and further apart from a divisive standpoint, and one side can keep yelling and screaming and saying that the Trump supporters are garbage that they're racist misogynistic there, whatever.
And the Trump supporters can yell and scream at the other side and say you're stupid, you're woke your whatever or collectively we can all decide we literally are a stronger country when we work together in unity and try to come together and say we got big problems on the horizon. We gotta fix this stuff or literally our children will grow up in a world where it is harder. It is more expensive and it is not as good as we have right now. I gotta say,
A The Vibes do feel different from 2016 and 2020 and I follow a number of different people on social media. I saw one woman who is on a reality TV show, it doesn't matter, but she's very, very left, very left. But I was surprised by her reaction, to Donald Trump's win because I thought you would be, like, how could this happen? We live in. But what she said, she came
On video and she said guys whether you like it or not, we're all in this together so we can yell and scream that whatever. But more than half the country voted for him. So we have to kind of come together and figure it out and I think like I hope that that's the sentiment instead of the Trump voters or Garbage or whatever.
Whatever I think is an important Point. There's two people that I want to call out and give them Kudos, Mark Cuban and Anthea, scare moochie.
Both
of them campaign. Very, very hard for Harris. Both of them were very critical of Donald Trump. You would expect them to be sore losers. The competitive people I saw both Mark Cuban and they scare Meucci both tweet. I think Mark used the word saying Trump won, fair and square. I think Scaramouche she said something to the fact that you know, Trump ran a good campaign. Let's go. Let's move forward. In
servant said, congrats Donald Trump. You won fair and square. Congrats to Elon Musk
Gazelle hashtag, godspeed.
And so if you look at people like that, you may not like them. You may not agree with their politics, but respect is due. When somebody says I wanted X to happen, it didn't happen, but I'm still going to participate. I'm still going to be supportive, congratulate the competitor and move on. It's a mature thing to do. It's a sophisticated thing to do and it's what we need more of in this country. So
I've another point that now that the elections over I can talk about, I take the stance usually, I don't like talking about politics in general. I also don't think that it's my responsibility or my place to try to sway other people's vote. So
The landslide prediction came true. As I talked about in private, with many of my friends is pretty obvious to me. This is going to be a big win for him.
There's another thing that now that the election is over, we can talk about because we got two or four years, depending how you look at it to fix it before we get there, the election system in America is broken, we must fix it. If we want safe, secure and fair elections. We have to make a lot of improvements. I don't care which side you vote for, if you go into The Ballot Box and you do not have confidence that your vote is going to be counted or that the people who are supposed to be voting or voting.
Oh, that's a big
problem that he had a problem with the machine. I'm
gonna give you, I'm gonna give you three. I'm gonna give you three different examples of what I'm talking about. There is a kid, who's a student at the University of Michigan. He's a Chinese National. He voted in the election. How do we know this? Because they realized, you're not a US citizen, but you voted that is illegal. So the authorities came and said, hey, you're not supposed to do that, we'll find out whatever happened to that guy.
The problem is that he had already submitted his vote, right. Once he submitted his vote, they cannot go and find his vote and take it out of circulation. So, a guy that we know that e legally voted his vote still counted. Now, again, this is one thing, it's an anecdote, I'm not saying it's widespread by any means, but obviously we need to figure out a system where if somebody votes, that is not supposed to vote, we should be able to recapture that or take it out of the count.
Because people need to have confidence. Now, there's good reason why once you put your vote in, somebody can't go and say, well, what did plaintiff? Oh, right? So against the complex thing, but when you hear a story of somebody voted, who wasn't supposed to vote and your vote counts, even though we know that they were supposed to vote big problem. The second thing is,
There is a lot of stupid rules in the voting system, for example, in New York on the ballot. Kamala Harris. Donald Trump. Donald Trump a second time. Kamala Harris a second time.
There was four different candidates, but there was really only two people. And so, when you go into The Ballot Box, if you bubble in one of them, your vote counts. If you said, oh, Donald Trump's here, will let me just bubble bolted. Donald Trump's names or Harris. Is here Trisomy bubble both emerging be
fair. The people working at the, you know, the polling, whatever the voting station. They, they tell you do not Circle. Both pick one and tell me how they didn't tell you. They didn't tell
me. So,
So you had a weird
experience so maybe they tell some people. Maybe they don't tell everybody, I don't
know. But when I was there like for example, a gentleman came up, he was like nobody told me I had to flip the ballot to vote for the issues. They were like well next time.
So again, we should make it simple for people along these lines.
It is absurd. It is in my opinion potentially we should even consider a criminal.
That there are people who are not running for president. Who are on the ballot RFK. Junior dropped out of the
race. Yeah. Why is he on some of them?
I'm Jesus exude. Good reason they sued to keep him on the ballot knowing that he'd already dropped out. What so if he's already on a ballot, right in the balance been printed or something, I get it. Hey, look there's Logistics. There's all stuff but when he comes and says, I am not running in the presidential race, take me off the ballot and you
To keep him on knowing that he is not actually a candidate for
president. That's crazy who's suing,
you can decide which side of the know, but political aisle is doing that because they think that it's going to take votes away from the
cameras. But how is that allowed?
So again because we're stupid laws so it goes back to this whole idea of like rather than look at the current set, we should come up with a bottoms-up common-sense approach to. How do we get people on the ballot? They're supposed to be on the ballot.
Eyelet how to make it dead, simple for people to go in and vote. My third problem. When you go to vote in New York, I can't comment on other places but in New York and you put your ballot into the machine, the machine simply tells you your vote has been
tallied.
What did it Ally? Yeah everything else when I go to pay for a three dollar pack of gum at the grocery store, it ask me to confirm that it's $3 but when I submit my
vote, yeah yeah the president of the United States speaking, this is in New York happening.
It doesn't tell me confirm your vote for hair. Sure your vote for Trump. Everything I have no clue what that machine
read. Yeah, when I went up there, the guy was like, just put it in either way. Honestly Crump
Up. If you want to put it in, they go sin.
So with the machines again, it probably did it, right? Yeah, yeah. But I don't know.
Do you know, by the way spoken, like someone who has trauma from. Do you remember the, the bubbling in of the SAT? And if you don't do it right? And bubble it in, right? The machine will read it. It's like that.
Listen, so the point out, the reason why I bring this up now is Now's the Time to do it because the political
Cool party. That previously claimed issues they won so they can't claim any issues, right? We have a number of years before the next election and so we have time to try to design the system in a way that is built for modern times. Mmm.
We shouldn't even spend a second talking about voter ID. It's insane that we do not have to show her ID.
I actually, for some reason, I guess I didn't know, I don't know, I went in, I gave them my ID and the woman seemed offended, she was like, I don't need that and I was like, okay. So she just asked me from first three letters of my
last name. Again, I'm not claiming there's any issues or I'm just saying that it's pretty damn simple to ask for ID. Yeah, right.
We talk about financial
assets, it's visible Financial assets. What? Because yesterday? Anthony was like crazy, looking at the computer. He was like Bitcoin Bitcoin. And I was like, what is going on with Bitcoin?
Bitcoin is the global alarm system. It was very clear when it started to run, the Trump is going to win because
we now have the first Bitcoin president. If you put somebody in the White House that says I am Pro Bitcoin, I'm going to protect your Bitcoin going to protect your right to self, custody or Bitcoin. I'm going to do things that will be a Tailwind for your asset and I'm going to create a strategic reserve of Bitcoin on the United States. Government's balance sheet, obviously Bitcoins and only
ask you is he's saying that because it was trendy and he knew he'd get votes or do you think he actually understands
an age-old?
Option is, do you want a politician that is voted in based on what they believe or based on their willingness to exhibit the will of the people? So take JD Vance as an example. JD Vance gave an interview recently and he talked about the fact that he very vehement, Lee disagreed with and campaigned on the kind of pro-life position of abortion in Ohio, the people reject advances view. Uh-huh. And
Then voted against him on that specific issue. Yeah, JD said less the will of the
people, right?
The majority of people voted for something that I did not think that we should do as a politician as a leader.
You're there to represent the people. Yeah. And so, it's a delicate balance for a leader, to balance between, what do I believe and what is the will of the
people. You are a public servant at the end of the night. Public
servant. Now the counter argument to that is
We want people who are going to do, the right thing, right? It kind of like in a general description and so what is the right thing? A lot of times it's going to be like they're going to have to make the decision based on what they believe. Yeah, but there are times where it is explicit, what the will of the people is. And so take Bitcoin as an example, whether Donald Trump believes in Bitcoin or not, doesn't
matter, but it's fickle if he doesn't actually believe in it, and he's just doing it for the rule of the people. How do you know? He's not gonna
reverses, he might
but what we do know is that the current Administration is very abrasive, so just the fact that somebody is willing to talk positively about is already an upgrade
On top of that, I think that he is surrounded with a lot of smart people. Some of them come from the Bitcoin Community. Some of them come from outside the Bitcoin Community, some of them are you know very good Finance Folks at cetera, they're all very interested in seeing the asset be successful and financial markets, be successful. And so you know, I wrote this morning and I said putting a pro-business and a pro capitalism candidate in the white house should be dented. The Tada good.
For business. Right? He's pro-business. And so if we are a strong economic Nation, if we are going to be Pro capitalism, you want someone in the office, who is pro capitalism?
There's a lot of questions based on a lot of decisions that have been made over the last four years on whether the current Administration actually believe that stuff or were they participating in programs that were not capitalistic in
nature?
With just one question, do you think what do you think is the first thing? He will focus on
the single most important thing for a president early on between now and when they're inaugurated and then maybe the first, you know, 30 days or so, you got to get the team in place. Everyone thinks about policies. Policies are important, they can't paint on day one. I'm gonna do this. I'm gonna do it, whatever, maybe they do, maybe they don't. But if you want to have longevity over the four years and you want to have a smooth,
Operation, you got to get the right people in place. I recently read a great book called The Gatekeepers and it's all about the chief of staff's, going back to Nixon's time and it talks about each chief of staff for the president. What their strengths and weaknesses were what made them. Good chief of staff's, what they struggled with, how it affected the president, at cetera. And the best way to describe it is, there is two different models that people look at in governing, their team as the leader of the White House.
So the first is something called a hub and spoke model. The president is in the center there, The Hub and then there's all these spokes. So you're the economic person, you're the National Defense person. You're this for everyone has access to the president and so everyone is constantly bringing information decisions, right into, it's a hub and spoke model. All the spokes lead into the Hub. There's no kind of filter that it's much more flat type organization.
The consensus is that, that is not a good system, instead having a really strong, Chief of Staff are really strong hierarchical structure in the White House is important because they act as a filter. And they say, listen, the only things that make it to the Oval Office or the really big decisions with a really big problems. Everything else we should be able to handle before gets in that Oval Office. Because if you think about decision fatigue, if you're the president United States, and you're involved in every single decision of an entire country,
There's no way you can have longevity. Why people look horrible when they leave office and they've aged so much so stress. And so I think that's the first thing. You get the right team in place. The second thing that you've got to do is you've got to get quick wins because if you're able to get momentum, people start to believe that an Administration is going to be able to be effective. The worst thing you can do is not get momentum and then people start to believe it's kind of a lame duck Administration like all these people all just hot air, they're not gonna get anything done. Good.
People don't want to work in that Administration, people who are supposed to be engaging with it, say it's just not worth even wasting our time here etcetera.
What could he do to kind of jumpstart the economy and like, cut costs and all that stuff rather than specific policies on that front? I think there's going to be two big questions. He's going to face one of them is how much
Involvement should the president United States have monetary policy? Donald Trump has previously talked about the fact that maybe the President should be more involved in monetary policy decisions. The Central Bank, the Federal Reserve takes great pride in being independent of politics, those two ideas on a crash course to intersect with each other. I don't know who will prevail. Don't you think it's good to have? It be independent though. Independence is good for a lot of reasons. They're very well covered on leader of regurgitate them here.
But if you look over the last four years, really last two years from 2020 and 2024. The fact that the Fed was increasing interest rates of the fastest rate in history, but the politicians were printing money like
idiots, right? Right, I mean, basically, how communication,
but could be communication, could be less Independence, right? There's all their argument for both sides, but I think that is a question that Donald Trump's going to have to answer. It will be highly controversial, if the president starts, get involved in monetary policy, but I
I do think that, that is something that is on the horizon. The second thing that on the economy, you have to give people hope, there are a lot of Americans right now who have lost hope it's why they're pushing out on the risk curve of Investments whether gambling more
But if you want to give people hope you have to make life more affordable if to make housing more accessible, you have to get wages growing and you have to start increasing GDP. And so, one of the ways that you can do that, is to tell the private sector. Let's go. I predict that we are going to see an economic explosion under Trump for no other reason than he is. Simply going to pull the friction points away and allow
The private sector to just go.
Deregulation of the energy industry deregulation of the Housing Industry deregulation of artificial intelligence self-driving, cars Rockets. All this stuff Elon Musk was talking about the fact that he literally had to kidnap a seal and test. What is the sound impact on the seals ears? Seals are cool. Very nice.
But do you think that that is worth not being able to create reusable Rockets? Again, these are hard problems but deregulations going to be important.
And then cutting taxes.
if you think about the fact that our government takes 20 to 55 percent, depending on corporate all the way up, to highest individual tax rates,
From its citizens.
In still runs a two trillion dollar deficit with massive government waste. That's insane. That is bureaucracy. That is an efficiency that is waste and I would argue
That the American people are demanding better and that's why Donald Trump's go back to the White
House. Now, let me ask you this with big expectations, comes big responsibility and also big pressure. Do you actually think that Donald Trump will be able to execute on all the things that he's promised? They were
American people know? I don't think any president can I don't think that I'm president
percent
percentages are all made up, right?
Right. Most, I think that presidents go into a presidency and they say I'm going to do one, two, three, four, five things, 10 things, 20 things, 50 things, whatever. The number is,
In two things happen.
They get some of it done people celebrate, they don't get a lot of it done
and people critique them and they say we ran out of time.
So we ran out of time. Let me think of George w-- Bush. He goes into office, he's not predicting right, September 11th. He's not predicting the global financial crisis leading office, right? So things come up here, the president had States. You got all the stuff you got to deal with. And so, it's very complex job and I think that we as individual citizens, we love the yell and scream, make it black and white and be like, oh, you're so stupid. Why?
You do whatever. But, you know, remember I think it was Obama campaigned on shutting down, Guantanamo
Bay.
Still there.
Well, you get into office and then you start learning more. That's the other thing. Trump has an advantage in that he's already been the president before. So he has a lot more information than somebody who's coming in as you know having not having been the president vice president. So both of these candidates we're going to have somewhat of an advantage because they had, you know, some information. The other thing that I think is going to happen is that the stock market is going to take off so Bitcoin hit an all-time high. I think Bitcoin is going much higher. I think the stocks are going much higher and when that happens
A large portion of the population has investment. If you have investable assets, you're going to get wealthier, right? And so those people are going to have more money that money is going to move around the economy. And so what you're going to see is your to see businesses doing better, you're going to see wages going up, you're going to see inflation, hopefully coming down. But is a big
astrakhan employment, all these things. Do you think though that this bull market was bound to happen? Regardless
Who was president,
I think that the long-term Trend in financial Assets in America is up into the right, whether that is stocks, Bitcoin, real estate Commodities etcetera, the dollars going to get devalued. I do think that Donald Trump is perceived as much better for financial assets. And that's where you're seeing stocks. Rip, if Harris had one, I think you would have seen Financial assets, go down in the short term, the question. If
aerys had become president, is what policies actually would have been enacted if you enact on realized capital gains tax? Yeah, you're gonna hurt a lot of stuff. Yeah. If you don't do that, then maybe she wouldn't have been that bad. You know. One of the things is the stock market has done just fine under Joe Biden, right? Actually, if you look this year this S&P 500. This is the single best performance of the S&P. 500 since 1936, did not know that. Now you can argue that some of it is Biden's over.
In this great economy which okay he gets some credit but not all the credit. You could argue that artificial intelligence and kind of this boom you know technology shift has helped. You can argue that the businesses are getting more efficient so they should be more valuable in terms of Facebook Amazon, meta cetera. And then you also could argue that the stock market is going up in anticipation of Donald Trump becoming president. So, the beauty of finances. What makes it so? Intellectually stimulating for so many people is
Is you can't put your finger on any one thing you have to start to understand stuff and some people may say like why are we spending so much time on politics Will because macroeconomics the political landscape Financial assets. The individual beliefs of people in a society all of that feeds into how does Capital get allocated? And where a returns captured. Yeah, if you think about the loss of trust in the mainstream media,
Is one of the reasons why Bitcoin is winning, they don't seem connected but the loss of trust the mainstream media is extended to a loss of trust in institutions. And so you can draw a dotted line between a loss of trust in the mainstream media to a loss of trust in the Federal Reserve and some people say oh wait a second, this is not going to work for me. Let me go store value and Save in this other asset so those are the types of things that as an investor. It's kind of like the 101 is just like stock go up or down.
201. You say, will stock go up and down because of things related to this company. But when you get into the more sophisticated levels of analysis, it's trying to understand if Donald Trump becomes president. What is the monetary policy changes? We're going to see and how is China affected by that. Because if China now thinks that they're in a competition to devalue their currency against the dollar, then all of a sudden they're going to pump liquidity, they're going to drop interest rates that's going to bring more Global liquidity, which will then flow into Financial assets. And so, actually China's monetary
He's more
important than the US. Hmm.
Those are the things that people I think at the highest levels of Finance or trying to figure out right
now. So someone one of the viewers tweeted at us a video from 2020, it was election night 2020 and you said something interesting, which I think you should maybe repeat for the people who are, you know, either voted for Trump or didn't vote for Trump and their act expecting, you know, sunshine and Roses or just complete glue.
I don't remember what I
said. Oh my God. He said personal responsibility. It does not matter person. I mean,
look, I talk about all this stuff. I pay attention to this stuff because it has an impact in terms of financial portfolio. I've said it over and over again that your local city council is probably more important than who the president is for housing affordability. Things like that. I think that who the Federal Reserve chairman is more important than who president is for your financial portfolio. But if you want a better life,
remember that story about JD Vance you are responsible for the outcome? No one is coming to save you. The government's not coming to save you, your friends aren't coming to save you.
Nobody is JD grew up under multiple, you know, administration's, whether they were democrat or republican
JD Vance changed his life. By making two or three decisions, they were big decisions, he probably had didn't know what they would lead to, but he was able to change his life. And so some people are born into
Great environments. Some people are born into not-so-great environment, some people have the deck stacked in their favor, some have them deck stacked against them, but I know a lot of kids who are born in great environment to the deck, stacked, in their favor and they are not exactly. The type of kid that I want my kids to grow up to be.
If that was my kid, I wouldn't be proud of the outcome and so sometimes being born in those environments can actually be detrimental. Hmm, right. We have a friend who wants told us. He's incredible a multi-billionaire, very nice guy, but at dinner plan and I were sitting with him and his wife and we said, you know, how did you raise your kids? So if they weren't screwed up and he looked me dead Square in the eye and he said, they are screwed up. My kids have never flown on a commercial,
Flight.
And I remember, he said, they've never seen the inside of a commercial airplane or something like
that and he said it and he wasn't flexing. He wasn't, he was saying I made a trade-off and it probably screwed my kids up, right? And so it goes back to this idea that like, there are plenty of issues on that side, but that's not most Americans. Most Americans don't have the luxury of being screwed up from London's, right? They have the problem of they don't have enough money.
They don't have enough time. They don't have enough opportunity, right? And that's what they're trying to figure out. And so those people feel like they have to claw their way up. Yeah. And
If that is you the single most important thing that you start to realize is that no one's coming to save you, you are responsible, you have agency. It is up to you to get the outcome out of life, your actions determine that? Yeah. No one can help with where you start but the individuals can actually go and they can make a difference. And one of the things that I think is just so important is
America is probably the greatest opportunity for economic Mobility. Yeah. How many times have we seen people who have gone from? I have nothing to. I have a lot. One of my favorites is the CEO of palantir and reversing this. He has a driver's license and they asked him once. Why don't you have a driver's license? And he said, well, when I was growing up, I was too poor to have a car and then very quickly, I became too rich to drive myself.
That's only possible in America. Yeah, right there are very few places in the world where you can go from. I'm too poor to have a car to. I'm too rich to drive myself. And so again, is that an outlier situation, of course, but that direction of economic Mobility is available for anyone who's willing to work. Yeah. And who has the agency to go and act and of course, yes like that's the extremes. But I do think that the extremes provide hope
Because if you live in a place, that's not a democracy. You don't see that there is no hope for you to achieve something, you've never seen. So I personally is an immigrant and very happy, we love in America.
Speaking of immigrants, I know somebody who recently came to me and said, hey my girlfriend, who has a college degree here in the United States. Had to move back to India. And I said to him, I said why? And he said her visa right now,
hmm.
And I gotta say, I've always been pretty uneasy with this idea that like we send talented people who are here on visas back to their countries for no reason other than bureaucracy, well and immigration laws. And of course, but like, why is that person going back, right?
But I got us a hearing that story while walking down a street in New York City and seeing hundreds per week of people who came here illegally by just walking across the border.
That's, that's a tough one. How is it that the people who can contribute the most, they're the most educated, the most skilled at cetera.
We kicking them out.
At the same time, we have a border that's wide open and millions of people are pouring
across. Well, I think immigration reform is something that should be on every president agenda but yeah I agree. I think I think it's tough.
All right, let's do prediction
time real quick and just before we do that, I want to give a shout out. We went to the World Series, it was very fun and, and we were standing actually, Anthony was standing in line for popcorn because, you know, he loves popcorn and
Someone came up to us and he said, hi, my name is Jamie. I watch the show, I bought Bitcoin. I converted my mom into a Bitcoin believer and I just had a really Pleasant time chatting with Jamie and thank you for watching.
I because I'm a masochist went to all three New York Yankees baseball games, the World Series, or a played here in Yankee Stadium. And yes, every single game
Somebody came up to me and talk about Bitcoin or Finance or whatever it is probably the most fun thing that happens to me on a daily basis because again, going back to where we started. How did I know that the Trump Landslide was going to happen? Because I talked to a lot of people, I talked to the doorman, I talked to the cab driver. I talked to the cashier at the store. I talked to the person sitting next to me at
lunch talks to everyone Ad nauseam like in the elevator. He'll
Be like hey please stop, I
want information, I want sentiment. I need the signal from all these people. I need different walks of life. I need different backgrounds. I need different education levels, I need different locations. The more that I can gather that information, the better you have an understanding where the world is going and where it is. And so, when I'm walking around at the game, literally the first night that I went, I was standing in the bleachers, got the best place to watch the game bleacher creature.
Learn. This guy's tapped me on the shoulder. I believe his name is Manny, if I remember correctly and he said, yo are you? And I said
yes. Yeah. And then on someone I
said to him and I said, you know, Bitcoin is the Yeah by summer 2016 I said did you sell it? He has no, I said that must be why you're at the World Series game? I said yeah right. And so again we started talking about what he does and how he learned about it and what else he's buying and like all the stuff in and just you're getting information. And so
So I say all of that because if you ever see me anywhere, you see me in the streets, if you see me out of conference, if you see me at the airport, whatever, come up to me. Yeah. And let's talk but if
somehow people only come up to us when we're arguing in the street just walking around Central Park and I'm like oh this and then they interrupt our argument and I have to pretend to be nice to you.
It's all. It's all the most most men know what's up.
See like they see, they see me walking stoically, just stoic eyes locked forward, no issues and you just eating my ear away with whatever. The latest complain about my actions are because I imagine imagine see that situation and they say I'm on my own, hero's journey. Let me go save him and they interrupt to remind you how fortunate you are.
Right. Thank you, B. This is such a cool guy, right? And then I have to tell them. Hey man, thanks, I appreciate, you know, little fist pump, thanks for,
hello? Feel about there, yeah.
Has happened multiple times
and and he's never mad at me. And it never happens because I am a perfect angel, and I do nothing wrong, ever
what? We predict the end, what are we predicting? You wanted to print if at the end of Trumps presidency
Three things. Does he make it to the end? What 78 years old? Oh, I think yes, but
I think I meant like a Sassy's energy
level is he
unrivaled? Yeah,
63 days. Straight campaigning.
I'm 36 years old. I work pretty hard. I work all day long every day.
Respect hat, entity makes it. I think, I definitely think it makes it too. Is he able to quote unquote, turn around the economy. In terms of get inflation down, make housing more affordable wages of GDP growth Etc.
Outside of unforeseen circumstances like something happening like a virus or a war or something. I think so yes. But the only thing that I think he's got to be very careful.
Of is the inflation. A lot of his policies. Everything will get this thing rocking stock market. Its all-time high ready to rock and roll. Only thing I worry about is the inflation, so I think yes, but gotta solve the inflation problem. The third thing is,
Is the vibe shift, Eternal in the country. We were headed down a road.
That looked a lot like a totalitarian state, that looked a lot like a Divergence from capitalism to something else. That looked a lot like a porous border. Unsafe daily living for many people, economic pain, and Cetera,
Is this the inflection point that puts us back on the right
path. I think that in four years were not even going to recognize the Republican and Democratic party both parties. Both parties, I think we're going to be like, whoa, this is a complete reversal or reshaping of what we thought, I think, I think somehow I think the United States will become more united and then it won't be as insane if you to tell your friends or family. Hey,
A I voted Republican or I voted Democrat. What do you
think? I think that Vibe shift is real but I also think the Bitcoin will be higher in four years than it is
today. I'm not going to ask you to make a price prediction because
I don't know what the price is going to be. I know, but I do think that the price will be higher than it is today and for both people who are watching us for most people watching this that signals that their investment portfolios going to do very well and the
next four years.
Yeah hi guys. Thanks so much for watching.
What's up guys? I hope you're enjoying this episode but I got a quick message for you. I just released my very first book. It's called how to live an extraordinary life in this book. There are 65 life lessons that I've picked up over the years. These lessons will teach you about money investing, relationships, work, health, happiness, and much more. In this book. I wrote letters to each one of my children and I tried to share those life lessons with them. If you pick up this book, there's three things that I can promise you. The first is that it is very
Zeiss. The audiobook is only three hours, you can listen to it on a long drive, on a rainy afternoon. The second thing is that you're going to learn something. It's worth the price of admission just for the lessons themselves. And then the third thing is, it will make you think more deeply about your life and how you try to live it. So go pick up how to live an extraordinary life today. It's a quick read. It's very impactful. It's very concise and it would mean the world to me, for the support. Go check it out today on Amazon Barnes & Noble or wherever you buy your books, hardcover.
Do book, it all works. Thank you so much for the support and I'd love to hear what you think about the new book.
