This installment of The Pomp Letter is free for everyone. I send this email to our investors daily. If you would also like to receive it every morning, join the 50,000 other investors today. To investors, Everyone is well aware of the current social unrest in the United States. We spent the weekend watching video after video of protestors taking to various cities to voice their concerns. Some of those protests remained peaceful, while others became violent. The display of defiance may have been different in each city, but the root cause of this unrest is the same. The driving forces are not simply explained. The rest of this letter will be aimed at explaining as much of the complexity as possible. It will then end with a few potential options to pursue moving forward to create systematic change.
Some of the best work that I've read of yours right here Pomp. How about that delusional person in the comments trying to tell you that dark skinned Indians are the most privileged demographic in the US? hahahahahaha. I am a privileged white male and one only needs to look at the demographics of the house and senate to see the obvious privilege bias we receive. So many whites are afraid that equal treatment for all will somehow reduce the standard of living that we enjoy. They fail to recognize that a rising tide will lift all ships.
I've already made up my mind that when you're ready to run for political office, I'm going to work for your campaign. Your measured and common sense approach to the world combined with your exceptional grasp of economic concepts is exactly the type of person we need to lead this country into the future. Pomp 2030, let's do this baby, woooooo
Poorly researched and ignorant. The fact that he cites race bating Dr. Cornel West severely undermines the legitimacy of this article. Whites are not the most economically privileged in this country as this poorly written piece indicates..... not by a long shot. It is dark skinned Asians from India and the Philippines that are doing exceptionally well:
Pomp should stick to writing about Bitcoin and how it can unify us removing the need for centralization/rent seeking middlemen and not step into murky territory that he clearly knows little to nothing about. Regurgitating the propaganda BS in a sociology department is neither profound or constructive.
This is a good article. Well thought-out. And if there is one other take-away from the coverage of the riots, it is this: The police cannot protect you, your family or your property. Their objective is to go home alive. If the police won't protect you, what recourse do you have? You are on your own. Which is a good thing; now you can begin to get out of your cocoon or bubble worrying about your retirement funds and begin the process of deciding what you are going to do when/if the shit really hits the fan and you are caught in the storm. Are you ready today?
Pomp Great piece. One other element (outside of the 71 gold standard change) that doesn't get much coverage was the IRS section 162m added as part of President Clinton's 1993 budget trying to address CEO compensation. This one change exploded the gap between executive compensation and the corporations shift from a long term strategic view to a short term qtrly management style. This shifted capital that once was used for long term research and development to pumping compensation packages rewarding qtr over qtr and yr over yr PL accomplishments. Again thanks for your perspective and sharing of information. @equitypool
America In Turmoil: How Racial, Economic, And Power Privilege Led Us To Social Unrest
Some of the best work that I've read of yours right here Pomp. How about that delusional person in the comments trying to tell you that dark skinned Indians are the most privileged demographic in the US? hahahahahaha. I am a privileged white male and one only needs to look at the demographics of the house and senate to see the obvious privilege bias we receive. So many whites are afraid that equal treatment for all will somehow reduce the standard of living that we enjoy. They fail to recognize that a rising tide will lift all ships.
I've already made up my mind that when you're ready to run for political office, I'm going to work for your campaign. Your measured and common sense approach to the world combined with your exceptional grasp of economic concepts is exactly the type of person we need to lead this country into the future. Pomp 2030, let's do this baby, woooooo
Poorly researched and ignorant. The fact that he cites race bating Dr. Cornel West severely undermines the legitimacy of this article. Whites are not the most economically privileged in this country as this poorly written piece indicates..... not by a long shot. It is dark skinned Asians from India and the Philippines that are doing exceptionally well:
https://www.financialsamurai.com/income-by-race-why-is-asian-income-so-high/.
Pomp should stick to writing about Bitcoin and how it can unify us removing the need for centralization/rent seeking middlemen and not step into murky territory that he clearly knows little to nothing about. Regurgitating the propaganda BS in a sociology department is neither profound or constructive.
This is a good article. Well thought-out. And if there is one other take-away from the coverage of the riots, it is this: The police cannot protect you, your family or your property. Their objective is to go home alive. If the police won't protect you, what recourse do you have? You are on your own. Which is a good thing; now you can begin to get out of your cocoon or bubble worrying about your retirement funds and begin the process of deciding what you are going to do when/if the shit really hits the fan and you are caught in the storm. Are you ready today?
Pomp Great piece. One other element (outside of the 71 gold standard change) that doesn't get much coverage was the IRS section 162m added as part of President Clinton's 1993 budget trying to address CEO compensation. This one change exploded the gap between executive compensation and the corporations shift from a long term strategic view to a short term qtrly management style. This shifted capital that once was used for long term research and development to pumping compensation packages rewarding qtr over qtr and yr over yr PL accomplishments. Again thanks for your perspective and sharing of information. @equitypool
Just amazing!