Wow Pomp! You have some serious trolls on your stack. I think your post WILL age well. While I don't think a balanced budget is likely, I do think a deficit of 3% of GDP with over 3.5% GDP growth is likely.
Congress needs to help. So far, no signs of that happening.
We are also the leaders in human trafficking, illicit drug consumption, and political corruption in total dollar terms. All things Trump has a great deal of first hand experience engaging in.
And yeah, dumpster fires do tend to shine pretty brightly. Funny all the white dudes who aren't politically connected who think this is all being done for their benefit. And who will somehow still blame black and brown people for the economic and social collapse that will follow.
If this is in good faith, a very obvious immediate step is anti-trust action against Meta, Google and Amazon. There’s a reason why they all donated more heavily to Harris than Trump but now they’re sucking up to 47.
More relevant to the theme of this author, banning all crypto not backed by actual real world assets is another. And banning all cryptocurrencies with anonymous project leaders. Absolutely no reason to allow scammers to run rampant with zero recourse.
Lastly, breaking public utility monopsonies and allowing regulated peer to peer electricity trade.
BTC maxis wax eloquent about BTC as freedom, but BTC’s value is a proxy for electricity without actual control (since BTC wealth is more concentrated than any fiat currency). Why not just cut out the middle man?
Pomp, I’ve spent a lot of time reading and listening to you however, I don’t believe your words here will age well. We are not open for business, we are open for the billionaires. That’s it…some of the work in eliminating waste in government is needed. Selling 5m “American Gold Cards” 💳 is a gimmick and spits in the face of our ancestors. You spent no time talking about our government siding with Russia on the vote which again spits in the face of our ancestors. I don’t think your words will age well…we are becoming a regional power…maybe that’s the plan but the pain of that choice hasn’t begun to show but it will..
Reading between the lines, Pomp simply wants to be at the table for a piece of whatever's left when DOGE is finished carving the country up. Eliminating the CDC and NIH - responsible for a supermajority of the world's medical research and generic medications - isn't "eliminating waste" it's creating space for Big Pharma to control the entire drug discovery market. And surprise surprise, next to Musk, the Adelson's (pharma and clinic owning billionaires) were among Trump's biggest campaign donors, donating over $150M.
Pomp is holding bags of BTC and all he cares about is pumping and dumping. Zero fucks about anything else.
I'm from Zimbabwe, and I see the end game of that mentality. A select few have tons of money in Swiss banks but no electricity for 8 hours a day because the national treasury is just an open door for the politically connected.
Mr Pomp: Debt monetization or monetary financing is the practice of a government borrowing money from the central bank to finance public spending instead of selling bonds to private investors or raising taxes. The central banks who buy government debt, are essentially creating new money in the process to do so.
As someone who regularly rails against the synthetic central bank wealth, can you better explain what you mean in so many recent posts about “monetizing the [debt laden] balance sheet of the U.S. government”?
"Gold" cards, pathway to citizenship, bringing in "wealthy" people, well on the fore front looks like a great way to fund the deficit, but also what about the character of these wealthy individuals, just because they are wealthy, doesn't have anything to do with ethics and character, it also creates a stigma for those that cannot afford this. Honestly if it removes and replaces a subpar system like EB5, then that is a step in the right direction, but honestly the pay to play model in any system is never fair, but ultimately only time will tell how this goes.
Oh, please, if we’re doomed for electing a convicted felon, then half the country’s been doomed since the ink dried on their tax returns.
Trump’s ‘felony’ was cooking the books, not cooking the country—meanwhile, the other side’s busy perfecting the art of sanctimonious finger-wagging.
Context, Joseph: one’s a businessman who fudged some numbers, the other’s a system that fudges reality. I’ll take the guy who signs checks over the ones who sign us up for endless lectures.
How is the US going to start a sovereign wealth fund when it's so deeply in debt? Aren't sovereign wealth funds only setup by countries that have surpluses?
I follow Pomp in X and I read every newsletter that he sends to my email (1 to 3 times per week) because he’s an expert in businesses and finances, but since Trump took posession as President of U.S. last month, he has started to “change” his thoughts and he’s speaking more as a Trump supporter/follower that as a Businesses and Finances Expert, because what Pomp is doing is trying to justify every decision that Trump has proposed and most of them have been bad; for me the only good decision that Trump has made was to offer the Gold Card (this could work for me in the future)
According to perplexity, "there are 8.4 million people globally with a net worth of $5 million or more." 63% of those (5.2 million) are not already in the US.
It's funny that Trump used the example of selling 10m of these Gold Cards considering there aren't even that many people in the world with a net worth above that figure. I assume people willing to invest in these cards are businessmen with a net worth of over $50M USD realistically, of which there are even fewer. Realistically, the revenues generated from this move would be pretty minimal. It's likely just a back door for a few rich and powerful people to get access to the US.
I hope you’re right but this seems to me to be a rose tinted view on things. How is the US open for business when our trading partners are disoriented from Trump’s unpredictability on tariffs (trump is tearing up his own North Atlantic trade deal from a few years ago). American businesses are being thrown off balance by this as well and it will add inflationary pressure in a very fragile inflationary environment. The money from Ukraine is welcome but it’s a drop in the ocean. European countries paying more their own defense is not lowering the US defense budget (which is slated to increase) Trump wants to focus the money elsewhere (China). 90% of the tax deal that passed the house last night merely extends the 2017 cuts and requires only a 2T reduction in the deficit but adds over 4T increase in debt. I hope you’re right but none of this adds up to me
If I threaten to burn your house down if you don't give me 25% of every paycheck for the next decade, does that make me a great businessman? Or an extortionist?
If you think those two things are the same thing, and then you also constantly tell me how I should abandon greenbacks for BTC - a coin where the top 1% of owners hold 80% of supply, and over half of the supply has been in cold storage for 2+ years or more - then it's pretty clear that you're part of someone else's marketing budget.
By the way, how much money do Trump and Musk owe Russian oligarchs again? We've all seen the Twitter purchase court docs, and we can go line by line through the public recordation for every building owned by Trump in the US if you feel like lying to my face and saying $0. Trump is a successful businessman, yet he can't get a loan from an American bank so he has to scam his supporters with memecoins and fake Treasury notes and promise Eurasian oil barons access to US Treasury?
The US has *been* open for business. Trump has just said you're allowed to bribe the US government for access to American taxpayer wealth. And my dude, your last two posts have shown that you've sold out your own country for a chance to get some crumbs of that grift.
Wow Pomp! You have some serious trolls on your stack. I think your post WILL age well. While I don't think a balanced budget is likely, I do think a deficit of 3% of GDP with over 3.5% GDP growth is likely.
Congress needs to help. So far, no signs of that happening.
This is a great post.
We are the leader in almost every financial category compared to every other country.
And this is despite our misdirection fraud waste and abuse.
These changes are going to be like pouring gasoline on a fire.
Look for the United States to shine.
We are also the leaders in human trafficking, illicit drug consumption, and political corruption in total dollar terms. All things Trump has a great deal of first hand experience engaging in.
And yeah, dumpster fires do tend to shine pretty brightly. Funny all the white dudes who aren't politically connected who think this is all being done for their benefit. And who will somehow still blame black and brown people for the economic and social collapse that will follow.
I would love to hear some solutions to these very important issues.
We could start working on them today.
If this is in good faith, a very obvious immediate step is anti-trust action against Meta, Google and Amazon. There’s a reason why they all donated more heavily to Harris than Trump but now they’re sucking up to 47.
More relevant to the theme of this author, banning all crypto not backed by actual real world assets is another. And banning all cryptocurrencies with anonymous project leaders. Absolutely no reason to allow scammers to run rampant with zero recourse.
Lastly, breaking public utility monopsonies and allowing regulated peer to peer electricity trade.
BTC maxis wax eloquent about BTC as freedom, but BTC’s value is a proxy for electricity without actual control (since BTC wealth is more concentrated than any fiat currency). Why not just cut out the middle man?
Thanks for sharing some good ideas and things to think about for sure.
Pomp, I’ve spent a lot of time reading and listening to you however, I don’t believe your words here will age well. We are not open for business, we are open for the billionaires. That’s it…some of the work in eliminating waste in government is needed. Selling 5m “American Gold Cards” 💳 is a gimmick and spits in the face of our ancestors. You spent no time talking about our government siding with Russia on the vote which again spits in the face of our ancestors. I don’t think your words will age well…we are becoming a regional power…maybe that’s the plan but the pain of that choice hasn’t begun to show but it will..
Reading between the lines, Pomp simply wants to be at the table for a piece of whatever's left when DOGE is finished carving the country up. Eliminating the CDC and NIH - responsible for a supermajority of the world's medical research and generic medications - isn't "eliminating waste" it's creating space for Big Pharma to control the entire drug discovery market. And surprise surprise, next to Musk, the Adelson's (pharma and clinic owning billionaires) were among Trump's biggest campaign donors, donating over $150M.
Pomp is holding bags of BTC and all he cares about is pumping and dumping. Zero fucks about anything else.
I'm from Zimbabwe, and I see the end game of that mentality. A select few have tons of money in Swiss banks but no electricity for 8 hours a day because the national treasury is just an open door for the politically connected.
Mr Pomp: Debt monetization or monetary financing is the practice of a government borrowing money from the central bank to finance public spending instead of selling bonds to private investors or raising taxes. The central banks who buy government debt, are essentially creating new money in the process to do so.
As someone who regularly rails against the synthetic central bank wealth, can you better explain what you mean in so many recent posts about “monetizing the [debt laden] balance sheet of the U.S. government”?
"Gold" cards, pathway to citizenship, bringing in "wealthy" people, well on the fore front looks like a great way to fund the deficit, but also what about the character of these wealthy individuals, just because they are wealthy, doesn't have anything to do with ethics and character, it also creates a stigma for those that cannot afford this. Honestly if it removes and replaces a subpar system like EB5, then that is a step in the right direction, but honestly the pay to play model in any system is never fair, but ultimately only time will tell how this goes.
And you don’t have a problem with the same person being a convicted felon and woman abuser. This is what greed looks like.
Oh, please, if we’re doomed for electing a convicted felon, then half the country’s been doomed since the ink dried on their tax returns.
Trump’s ‘felony’ was cooking the books, not cooking the country—meanwhile, the other side’s busy perfecting the art of sanctimonious finger-wagging.
Context, Joseph: one’s a businessman who fudged some numbers, the other’s a system that fudges reality. I’ll take the guy who signs checks over the ones who sign us up for endless lectures.
Sounds like you’re okay with him being a woman abuser. Good luck with that.
Making sense
How is the US going to start a sovereign wealth fund when it's so deeply in debt? Aren't sovereign wealth funds only setup by countries that have surpluses?
I follow Pomp in X and I read every newsletter that he sends to my email (1 to 3 times per week) because he’s an expert in businesses and finances, but since Trump took posession as President of U.S. last month, he has started to “change” his thoughts and he’s speaking more as a Trump supporter/follower that as a Businesses and Finances Expert, because what Pomp is doing is trying to justify every decision that Trump has proposed and most of them have been bad; for me the only good decision that Trump has made was to offer the Gold Card (this could work for me in the future)
According to perplexity, "there are 8.4 million people globally with a net worth of $5 million or more." 63% of those (5.2 million) are not already in the US.
It's funny that Trump used the example of selling 10m of these Gold Cards considering there aren't even that many people in the world with a net worth above that figure. I assume people willing to invest in these cards are businessmen with a net worth of over $50M USD realistically, of which there are even fewer. Realistically, the revenues generated from this move would be pretty minimal. It's likely just a back door for a few rich and powerful people to get access to the US.
I hope you’re right but this seems to me to be a rose tinted view on things. How is the US open for business when our trading partners are disoriented from Trump’s unpredictability on tariffs (trump is tearing up his own North Atlantic trade deal from a few years ago). American businesses are being thrown off balance by this as well and it will add inflationary pressure in a very fragile inflationary environment. The money from Ukraine is welcome but it’s a drop in the ocean. European countries paying more their own defense is not lowering the US defense budget (which is slated to increase) Trump wants to focus the money elsewhere (China). 90% of the tax deal that passed the house last night merely extends the 2017 cuts and requires only a 2T reduction in the deficit but adds over 4T increase in debt. I hope you’re right but none of this adds up to me
If I threaten to burn your house down if you don't give me 25% of every paycheck for the next decade, does that make me a great businessman? Or an extortionist?
If you think those two things are the same thing, and then you also constantly tell me how I should abandon greenbacks for BTC - a coin where the top 1% of owners hold 80% of supply, and over half of the supply has been in cold storage for 2+ years or more - then it's pretty clear that you're part of someone else's marketing budget.
By the way, how much money do Trump and Musk owe Russian oligarchs again? We've all seen the Twitter purchase court docs, and we can go line by line through the public recordation for every building owned by Trump in the US if you feel like lying to my face and saying $0. Trump is a successful businessman, yet he can't get a loan from an American bank so he has to scam his supporters with memecoins and fake Treasury notes and promise Eurasian oil barons access to US Treasury?
The US has *been* open for business. Trump has just said you're allowed to bribe the US government for access to American taxpayer wealth. And my dude, your last two posts have shown that you've sold out your own country for a chance to get some crumbs of that grift.
There is already a visa program for wealthy people to get into the US, Trump is just tweaking and rebranding it and claiming he came up with the idea