Hello everyone. Gold just did the impossible. Retail investors are saving legacy finance firms and I sat down with Liz Clayman to discuss Bitcoin, crypto, gold, AI, and public equities.We're live today from the desk of Anthony Pompiano. Before we get into today's show, I need your help. My goal is to get to 1 million subscribers on YouTube.Right now, we have 30,700 of you. A nice big fat round number. But if you hit that subscribe button, not only will you get us closer to our goal, but also you'll just be ...

Market Trend - Stock market is hitting all-time highs, indicating a bullish trend [1] - Momentum is a significant factor driving stock prices [1][2] - Buying stocks at or near all-time highs has historically been a good decision [1][2] Investment Strategy - Buying stocks at record highs over the past 50 years has been a beneficial strategy [1] - The current bull market is considered young, suggesting further potential for growth [2] - Short-term corrections are expected and should not cause undue concern [1]

Investment & Economic Outlook - JP Morgan commits to invest $1.5 trillion (万亿) over 10 years into 27 critical industries, including supply chain, defense, aerospace, energy, manufacturing, and frontier technologies, aiming to increase energy independence and resilience and accelerate America's position in disruptive technologies [1] - The market suggests that buying stocks at record highs over the past 50 years has been a favorable strategy due to momentum [8] - The S&P 500 has experienced a 36% rally in 6 months, indicating a strong bull market [13][17] - Historically, after a bull market gains over 35% in 6 months, one year later, it is higher every single time, up an average of 13% [15] Technological Advancements & Disruption - Andero introduces Eagle-Eye, a war fighter augmentation integrating mission command and AI directly into soldier helmets, enhancing military capabilities [3][4] - AI-generated ads are becoming increasingly realistic and customizable, automating the UGC content pipeline and potentially disrupting traditional advertising [20][23][24] Market Volatility & Concerns - The market experienced 33 trading days in a row without a 1% move, either up or down, followed by increased volatility in October [9][17] - There are concerns about weakening internals, such as regional banks, housing, and high yield credit, suggesting potential market corrections [12]

Cryptocurrency Market Analysis - Bitcoin's inherent value lies in its decentralized nature, providing a store of value independent of nation-state backing [1][2] - A $15,000 price drop in Bitcoin suggests a potential for a future $15,000 increase, highlighting market reflexivity [2] - Fundamentals remain unchanged despite market fluctuations, indicating a healthy reset that eliminates excess leverage [3] - A historical perspective: a $19 billion crypto liquidation dropping Bitcoin to $108,000 would have been considered a dream scenario [3][4] Investment Strategy - Bullish sentiment on Bitcoin and stocks should strengthen following market corrections, as underlying fundamentals remain solid [3]

Market Analysis & Currency Dynamics - In USD terms, US assets showed significant growth since COVID, with NASDAQ up 165%, S&P up 102%, and home prices up 56% [1] - When redenominated in gold, these gains shrink to flat, indicating a potential overvaluation in USD terms [1] - When redenominated in Bitcoin, NASDAQ is down 78%, S&P is down 84%, and home prices are down 87%, suggesting a collapse in the unit of account [1] - The perceived growth in USD terms may be a reflection of the currency's debasement rather than actual asset appreciation [2] - Gold and Bitcoin are marking down the old world in real time, indicating a shift in how investors perceive value [2] Imperial Carry Trade & Currency Risk - The US is executing the last phase of an imperial carry trade, attracting global capital and inflating nominal asset prices [2][3] - This strategy exports currency risk to those holding dollar claims [3] - Historically, empires decline when their citizens start measuring value in alternative units [3] - A critical mass of investors are now measuring the world in Bitcoin and gold instead of dollars, signaling a potential regime shift [3] - Once this shift hardens, the existing regime is effectively over [4]

Market Overview & Geopolitical Impact - President Trump's social media announcements caused market volatility, initially leading to a sell-off and then a recovery [3][19][20][25] - Geopolitical uncertainty increases the value of decentralized digital currencies like Bitcoin [21] - Investors tend to overreact to geopolitical negotiations in the short term [25] Bitcoin & Cryptocurrency Analysis - Bitcoin experienced a rapid price drop, falling from approximately $121,000 to $108,000 in minutes [4] - Bitcoin rebounded to over $115,000 after reassurance from President Trump [20] - A $19+ billion crypto liquidation event dropped Bitcoin's price to $108,000 [24] - If Bitcoin can fall $15,000 per coin in a day, it could also rise by a similar amount in the future [22] - Selling Bitcoin amid geopolitical uncertainty indicates a misunderstanding of its purpose [21] Market Correction & Future Outlook - A market correction was anticipated, with potential for a 4% correction between September and December [8] - The market correction is viewed as a healthy reset, clearing excess leverage and creating opportunities [5][14][23][24] - The odds of a US recession this year have dropped significantly from 65% to 6% [29] - The odds of the US national debt surpassing $38 trillion this year stand at 97% [30] - The S&P 500 is up 83% in 3 years, less than half the average 191% return of the last 11 bull markets [28] Interest Rate Cuts - Poly Market indicates a greater than 95% chance of an October Fed interest rate cut of at least 25 basis points [28] - The odds of a December interest rate cut are over 82% [29] Robotics & Automation - Amazon's Frontier AI and Robotics (FAR) team is developing humanoid robots capable of advanced movements like wall flips [32][33] - The initial use case for these robots is expected to be in commercial and industrial settings, such as warehouses and factories [35][36] - Humanoid robots represent a significant investing trend for the coming decades due to high demand and technological advancements [36]

All right, Peter, I thought a great place to start the conversation. Let's just let you get your victory lap out of the way. Gold's at an all-time high. Silver's at an all-time high. What is driving the bull run in precious metals? Well, I think what you're seeing is the acceleration of ddollarization that began really a couple of years ago. I think uh what started it in earnest was the Biden sanctions uh against Russia which really was a wake-up call for the rest of the world uh that they need to get get r ...

Why is the labor market weakening. Apollo's Torson Sllock, he took a stab at explaining the slow job growth. There are three reasons why job growth is slow.Lower immigration, AI implementation, and fewer government jobs. So the bottom line, he says, is that the weak labor market is not due to weaker labor demand, but rather to weaker labor supply. So this analysis by Torson is very, very important.Pay attention to it. It highlights three major trends that are unlikely to change in the near term. So that sug ...

Business Model & Opportunity - The company aims to build a private sector "Department of Government Efficiency" to tackle government waste, fraud, and abuse [1] - The core business model is "Snitching as a Service," where the company identifies fraud against the government and receives 10-30% of recovered funds [2][4] - The Government Accountability Office estimates $500 billion (7% of the federal budget) is lost to fraud annually, representing a significant market opportunity [1] - The company believes the profit motive and free markets are effective ways to address these issues [1] Technology & Approach - The company combines investigative journalism with AI, particularly Large Language Models (LLMs), to analyze open-source intelligence and unstructured data [1][9] - LLMs are crucial for processing unstructured text data in government contracts, regulations, and laws [9] - Open-source intelligence techniques, including computer vision, are used to expedite data analysis [7] Target Verticals & Focus - The initial focus is on healthcare, which accounts for 20% of GDP [10] - Future expansion is planned for defense and education sectors [11] - The company aims to address overbilling and anti-competitive practices, particularly in the pharmaceutical industry [10][11] Competitive Advantage & Team - The company differentiates itself from SaaS companies by being paid only upon delivering measurable results in dollars [4] - The team has experience in antitrust violations and recoveries from big pharma companies [24] Journalism & Transparency - The company plans to inform the government first, but intends to publicize findings when possible [21] - The company views its model as a better business model for investigative journalism, addressing the decline of traditional newspaper funding [21][22] Risks & Challenges - The primary risk is potential failure to execute the business plan as envisioned [24]

Hello everyone. Today we are blessed to have an incredible deep dive on the debasement situation and I'm telling you this one's going to be incredible. And then Jeff Park's going to join and he's going to break down why gold is an altcoin to Bitcoin. We're live today from the desk of Anthony Pompiano. [Music] Before we get into today's episode, I need your help. My goal is to get to 1 million subscribers on YouTube, but right now we only have 29,197. Hit the subscribe button and let's get into today. All ri ...