How Inflation Is Stealing Your Wealth | Jeff Booth | Pomp Podcast #572

This is an episode of The Pomp Podcast with host Anthony "Pomp" Pompliano and guest, Jeff Booth. He is the author of the new book titled The Price of Tomorrow: Why Deflation Is the Key to an Abundant Future. In this conversation, we discuss inflation, deflation, abundance, ESG goals are nonsense, Personal Greed vs Survival, Weimar Republic, Bitcoin, and the old system vs the new system. --------------- Whether you're an experienced crypto trader or just starting out, Kraken has the tools to help you achieve financial freedom. With 60+ cryptocurrencies to choose from, industry leading security and wide variety of features to suit any investing strategy, Kraken puts the power in your hands to buy, sell and trade digital assets. Visit Kraken.com/bangbang to get started today. --------------- Pomp writes a daily letter to over 140,000 investors about business, technology, and finance. He breaks down complex topics into easy to understand language while sharing opinions on various aspects of each industry. You can subscribe at https://pomp.substack.com/ Book a one-on-one video call with Pomp: Cameo: https://www.cameo.com/pompglobal Superpeer: https://superpeer.com/pomp Follow Pomp on social media: Twitter:   / apompliano   Instagram:   / pompglobal   LinkedIn:   / anthonypompliano   Website: https://anthonypompliano.com/ Listen and subscribe on the platform of your choice: Apple: https://podcasts.apple.com/us/podcast... Spotify: https://open.spotify.com/show/2QwpFjz... Google: https://play.google.com/music/listen?... TIMESTAMPS: 00:00 - Intro 00:10 - Inflationary systems vs Deflation systems 18:56 - What if we allowed deflation? 23:02 - Can the Fed ever stop printing? 27:09 - The new game of deflation 29:45 - Deflation creates abundance 34:00 - Non-capitalistic goals 37:27 - The growth of governmental power 40:18 - What happened in the Weimar Republic 43:39 - Why Jeff holds bitcoin 46:06 - The path to the global reserve currency 50:27 - Proof of Stake vs Proof of Work 53:01 - ESG goals in a fiat system 57:39 - Bitcoin solves climate change 01:00:31 - Transitioning out of this system 01:08:54 - Managing chaos in a deflationary system 01:11:04 - Where to learn more from Jeff