The Fall of Anthony Pompliano - The Truth About Pomp

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The Fall of Anthony Pompliano - The Truth About Pomp

Disclaimer: Anything stated or written in this video or description is my opinion and my opinion only. Nothing stated is proven as fact. Do your own research.

Anthony Pomp is someone that i’ve been a fan of since i got involved in cryptocurrency around 2016. But as i’ve kept up with him, i’ve realized how ignorant he truly is. And i don’t mean ignorant as an insult. I mean he truly doesn’t understand economics or tech much more than the average person. Taking a look at his twitter, you can see all sorts of Keynesian nonsense. He mentions the Feds 2% target as a justification for lowering rates but this ignores so many important points. For one, that 2% target is completely arbitrary. Deflation is good for the economy and is literally the entire point of capitalism. Second, that 2% target is only going off of government data that measures prices. But inflation is not an increase in prices. Inflation is an increase in the money or credit supply, with the price increases being the effect of inflation. Pomp claims to be a free market type of guy but is essentially supporting price controls. Price controls on the rate of interest. Moving on, you can see some of Pomps own fans complaining about his involvement in promoting FTX. Now, to be fair, i can’t completely blame him for that. But there were certainly blips that could have signaled for him to cut ties. I never promoted or used FTX but i completely wrote off the exchange when Sam Bankman Fried came out in an interview against DeFi. Is that unrelated? Sure. But i think the way someone thinks about something can give you insight into the type of person they are. Overall, i don’t think Pomp is an evil person. However, once you see him for what he is, you notice he’s nothing more than an influencer who put on a suit and tie. He parrots extremely mainstream and ordinary financial takes. His knowledge of economics is slightly above average at best. And his financial opinions are very much in line with what you’ll hear in the standard financial media.

what do you think? am i being too hard on Pomp for not understand economics? Comment below.

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Nothing stated is investment or financial advice. Consider all opinions stated as my own. Consider this video as news or entertainment content. Again, nothing stated or shown in this video is investment or financial advice.