After this one I am going to unsubscribe. I think Pomp does a decent job of analyzing bitcoin and other assets but he is misinformed about a lot of things.
1. He says Keynesian economics calling for welfare for corporations. Keynes himself said this, "“Lenin is said to have declared the best way to destroy the capitalistic system was to debauch the currency… Lenin was certainly right. There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million can diagnose.”
And spoke against it in other forums
2. Many studies show the lack of labor has very little to do with the unemployment checks. More to do with lack of childcare, pay, safety, and other factors.
3. Pomp says that "They claimed that the little people….the every day citizens….needed help immediately. If not, people would die, people would be put out in the street," and then called it nonsense. And then in a couple paragraphs says, "the bottom 45% of Americans hold no investable assets. They live paycheck-to-paycheck." So what were those people supposed to do with no money. People were dying and being put out on the street.
As usual, affluent white males understate the conditions which most people live. Ignoring history for their own benefit and spouting contradicting nonsense while dehumanizing millions.
I was just about to respond to Pomp’s latest post but then I read your reply and realized I didn’t have to. I particularly agree with your 3rd point regarding “the little people …the everyday citizen needing help” etc. Pomp seems to believe this was either untrue or if it was true, it was just something the little person or everyday citizen would just somehow get by without help! This seems to be the usual response of those that are doing well financially. They seem to hate seeing government coming to the “little person’s” aid. They seem to ignore certain facts that have systematically caused the “little person” to be in the situation that he is in. They love to start watching how governments spend money when it seems to be going to unworthy causes like saving families from loosing their homes or being required to go to unsafe work locations during pandemics. Yet they applaud tax cuts for the wealthy because it “supports a robust economy…”
These same people call the government stimulus checks to the “little people” handouts and tax cuts to corporations “sound fiscal policy”. If this pandemic was not a reason for governments to come to the aid of its citizens then what is. It’s a lot easier to sit back and criticize the actions of government and complain about their irresponsible actions when you’re doing quite well financially. It’s quite another thing to struggle daily to feed your family, keep a roof over their heads and yes, pay your taxes as well and then hear how the government should look the other way when tragedy hits because God forbid a portion of those taxes might be used to keep you and your family alive. Yes BTC is a wonderful invention, it is in my opinion the answer to so many of the world’s financial problems. That is the long term solution however; the single mother, or the average person trying to get by during this horrific crisis is thankful that their government (even with all of its flaws) was there to help.
Yo pomp, love the newsletter, podcast, Twitter. Big fan! I find the info in here super useful but would love a few more citations and links when it comes to facts presented in newsletter. I think you stand out as a new form of media for the causal consumer and I think that by providing citations you can not only be more engaging and informed than traditional (legacy) media, but also hold yourself to higher standards regarding what is presented as “facts” vs “narrative”. 🤙🏻
To clarify, don’t think you lied or misrepresented anything in particular in this post, but I think being super transparent goes hand in hand with the Bitcoin philosophy
When a chart is trending up it makes all time highs pretty often.
When 2 charts are trending up it's not surprising that both make an all time high on the same day.
So when the Fed's balance sheet is pretty much making all time highs every day (because of it is increasing with very low volatility), there is no spooky coincidence in the Fed and SPX making all time highs on the same day.
I'm starting to question the veracity of the facts in this newsletter
Hello everyone, I'm Chloe and i just have to share this with you guys, especially anyone in a financial bind or tight corner or just in need of a fast payday loan. I really was down on my luck, let go from work in the name of furlough due to the corona virus pandemic during tier 3 lockdown, had seriously urgent bills, bad credit, and a son to take care of, and nobody to talk to. Anyone in a similar situation who's in need of a loan and fast same day disbursement in 1 - 2 hours tops, ranging from ten thousand usd to half a million usd needed with considerably low and fair rates, "(I WAS SHOCKED)" ,should reach out to CASHCOWLOANFINANCE at gmail via mail.They are really life savers and high rate of loan approvals without guarantors or collateral.
After this one I am going to unsubscribe. I think Pomp does a decent job of analyzing bitcoin and other assets but he is misinformed about a lot of things.
1. He says Keynesian economics calling for welfare for corporations. Keynes himself said this, "“Lenin is said to have declared the best way to destroy the capitalistic system was to debauch the currency… Lenin was certainly right. There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million can diagnose.”
And spoke against it in other forums
2. Many studies show the lack of labor has very little to do with the unemployment checks. More to do with lack of childcare, pay, safety, and other factors.
3. Pomp says that "They claimed that the little people….the every day citizens….needed help immediately. If not, people would die, people would be put out in the street," and then called it nonsense. And then in a couple paragraphs says, "the bottom 45% of Americans hold no investable assets. They live paycheck-to-paycheck." So what were those people supposed to do with no money. People were dying and being put out on the street.
As usual, affluent white males understate the conditions which most people live. Ignoring history for their own benefit and spouting contradicting nonsense while dehumanizing millions.
Unsubscribed.
I was just about to respond to Pomp’s latest post but then I read your reply and realized I didn’t have to. I particularly agree with your 3rd point regarding “the little people …the everyday citizen needing help” etc. Pomp seems to believe this was either untrue or if it was true, it was just something the little person or everyday citizen would just somehow get by without help! This seems to be the usual response of those that are doing well financially. They seem to hate seeing government coming to the “little person’s” aid. They seem to ignore certain facts that have systematically caused the “little person” to be in the situation that he is in. They love to start watching how governments spend money when it seems to be going to unworthy causes like saving families from loosing their homes or being required to go to unsafe work locations during pandemics. Yet they applaud tax cuts for the wealthy because it “supports a robust economy…”
These same people call the government stimulus checks to the “little people” handouts and tax cuts to corporations “sound fiscal policy”. If this pandemic was not a reason for governments to come to the aid of its citizens then what is. It’s a lot easier to sit back and criticize the actions of government and complain about their irresponsible actions when you’re doing quite well financially. It’s quite another thing to struggle daily to feed your family, keep a roof over their heads and yes, pay your taxes as well and then hear how the government should look the other way when tragedy hits because God forbid a portion of those taxes might be used to keep you and your family alive. Yes BTC is a wonderful invention, it is in my opinion the answer to so many of the world’s financial problems. That is the long term solution however; the single mother, or the average person trying to get by during this horrific crisis is thankful that their government (even with all of its flaws) was there to help.
Yo pomp, love the newsletter, podcast, Twitter. Big fan! I find the info in here super useful but would love a few more citations and links when it comes to facts presented in newsletter. I think you stand out as a new form of media for the causal consumer and I think that by providing citations you can not only be more engaging and informed than traditional (legacy) media, but also hold yourself to higher standards regarding what is presented as “facts” vs “narrative”. 🤙🏻
To clarify, don’t think you lied or misrepresented anything in particular in this post, but I think being super transparent goes hand in hand with the Bitcoin philosophy
I don't know if Pomp reads these comments but...
When a chart is trending up it makes all time highs pretty often.
When 2 charts are trending up it's not surprising that both make an all time high on the same day.
So when the Fed's balance sheet is pretty much making all time highs every day (because of it is increasing with very low volatility), there is no spooky coincidence in the Fed and SPX making all time highs on the same day.
I'm starting to question the veracity of the facts in this newsletter
Hello everyone, I'm Chloe and i just have to share this with you guys, especially anyone in a financial bind or tight corner or just in need of a fast payday loan. I really was down on my luck, let go from work in the name of furlough due to the corona virus pandemic during tier 3 lockdown, had seriously urgent bills, bad credit, and a son to take care of, and nobody to talk to. Anyone in a similar situation who's in need of a loan and fast same day disbursement in 1 - 2 hours tops, ranging from ten thousand usd to half a million usd needed with considerably low and fair rates, "(I WAS SHOCKED)" ,should reach out to CASHCOWLOANFINANCE at gmail via mail.They are really life savers and high rate of loan approvals without guarantors or collateral.