Investors Are VERY Scared In NYC!

0:00Hello, everyone. We've got a lot to discuss today. Capitalism is under attack as New York City tries to elect a socialist mayor. Nancy Pelosi is so good at trading, she beat every major hedge fund last year. President Trump is still going after Jerome Powell, and Steve Ballmer proves that even rich people, they don't get everything right. We're live today from the desk of Anthony Pompliano.

0:30Self-described socialist Zoran Mamdani, he beat out political royalty Andrew Cuomo in the Democrat primary for the New York City mayor last night. Now, I usually don't care about politics, but there's a fascinating story here about capitalism, financial markets, and wealth. Zach Ware writes that the Mamdani win is a Rob Henderson luxury beliefs blog post turned into real life. A bunch of rich people made themselves feel charitable because they voted to give a bunch of poor people things that sounded nice. And the smarter poor people voted against it because they all know it's bullshit. Think about how crazy this situation is.

1:02A man who prides himself on being a socialist, openly saying that, has a real shot at becoming the mayor of the heart of the global financial system. Irony doesn't even start to describe that situation. It's just insane. Capitalism is under attack, and it's under attack by TikTokified brains that have no clue how the real world actually works. If you don't believe me, look at this data. My friend Marty Ben put it perfectly when he wrote the following. I'm sure most of you are well aware of the Democratic primary results of the New York City mayoral election. Zoran Mamdani, an overt socialist who ran on a campaign promising rent control in city-run grocery stores with price ceilings, and also called for the defunding of the NYPD during the 2020 BLM riots.

1:46He won the primary in a landslide, in large part due to New York City's asinine ranked voting system. His campaign and primary victory are a symptom of the intellectual rot that has taken over the United States. Nothing makes this clearer than the data shared by Geiger Capital right here. Working class people with no college degree who have a better understanding of the value of hard work and what it means to live a life of integrity and dignity, they favored the less radical incumbent Democrat and former Governor Andrew Cuomo. While the college educated leaned heavily towards Mamdani. I feel very confident in saying this is an outgrowth of decades of university-led Marxist indoctrination via the universities that has been coupled with a never-ending onslaught of mainstream propaganda that has convinced educated liberals, especially the white ones and more specifically the white women, that they should feel great shame in their revolt against the principles of capitalism and degrade their lives by supporting socialist policies as some weird form of implicit reparations.

2:44The damage that has been done to the minds of this demographic is incalculable. And if the indoctrination and propaganda ultimately proves to be successful, via the adoption of socialist policies in the United States, we will lose what was once a great nation. Now, there are plenty of reasons to critique capitalism. It doesn't get it right 100 % of the time for every person. In fact, the promise of capitalism is equal opportunity rather than equal outcome. But that is the whole point of economic incentives and financial reward. Those who take risks and are right, they get the reward. People may not like that fact, but it doesn't make it untrue.

3:17So you have a choice to make now. You can bet your financial future on the rest of the country becoming more intelligent and rejecting socialist policies. Or you can take your future into your own hands and opt out of the system with some of your capital. Bitcoin was created to be a sovereign, decentralized asset that allowed anyone to benefit from the principles of sound money. It doesn't matter who the president, the governor, or the mayor is. Regardless of how stupid the economic policies of our leadership is, Bitcoin keeps winning. In a weird way, the crazier the economic policies of leaders, the more Bitcoin will be a benefit to people.

3:49If you lived in a violent neighborhood, you'd either move out or you would ensure you had the ability to protect yourself and your family. If you live in a time where the capitalist system is under threat, you must figure out how to protect your hard-earned economic value as well. Now, I know how I want to do that for my family. Hopefully some of you have a plan as well. Everyone knows Nancy Pelosi. She's the GOAT. She's one of the greatest traders in the world. And now we got the data to back it up. Last year, it is estimated that Nancy Pelosi and her husband, they made millions of dollars. They have an estimated 54 % return in the year.

4:24That's more than double the S &P 500's 25 % gain. So we've got a politician who's got access to a lot of information and her and her husband more than 2x the S &P's return. And not only that, they beat every single large hedge fund, according to Bloomberg's end of year tallie of hedge fund returns. So Nancy Pelosi, she's the goat and the data proves it. But the big question is, should we allow politicians to day trade? Should we allow them and their spouses to go ahead and hold individual stocks, especially when they're involved in either overseeing those companies, regulating those companies, or creating legislation that affects those companies?

4:59I don't have all the answers, but what I do know is that people who don't have access to that information, they feel like they're at a disadvantage. And if our politicians are putting up 54 % annual returns, there's going to be a lot of people who are going to start advocating for politicians not to be able to hold individual stocks. And I don't see the biggest problem with that actually coming into reality. President Donald Trump was at the NATO conference and he gave a heater of a press conference. It's very obvious that he is not happy with Fed Chairman Jerome Powell. Here's what he had to say about him today.

5:30And I said to him, listen, there's no inflation. He says, but maybe there'll be some. That's true. I said, if there is some, what you do is raise the rate. I'm OK with that. You raise the rate in two years from now or a year from now. But because the rate's high, we have to pay more for debt. It's pretty equal. In other words, if it's 4%, it's 4%. If you drop it a point, you'll pay 3%. So it's fairly equal, not necessarily, but fairly equal. So we're going to end up paying maybe two points or three points more. Three points would be about$900 billion a year because of this very average mentally person.

6:07He's an average mentally person. I'd say low in terms of what he does low low IQ for what he does okay wait so on said instead of paying nine hundred billion dollars we don't want to pay 900 just because he doesn't want to lower the rate I said if there's inflation in two years or three years or one year from now you raise the rate You take care of the inflation, among other things. But he's probably a very political guy, I guess. I don't know. I think he's a very stupid person, actually. All right, one more. Let's go. Now, here's the deal. I actually don't think it's good when the president of the United States has to go after the Fed chairman.

6:50I don't think that we should have the executive branch trying to influence any sort of rate policy or monetary policy. But what I do know is that interest rates are too high. We should be cutting interest rates in the Feds behind the curve. Both things can be true. I didn't like it when Joe Biden went after the Fed, and I don't like it when Donald Trump does it. But in both cases, the presidents were right. The Fed was behind the curve, and that means that it hurts the individual people in the market. And so here we are. We've got people who are pressuring the Fed, and my guess is they're eventually going to relent.

7:21Steve Ballmer, he's a rich dude. Multi, multi, multi-billionaire. In fact, Steve Ballmer's even richer than Bill Gates. But here's the thing, just because he's rich, Don't mean he's always right. Look at this crazy video from Mr. Exits on X. Steve Ballmer thought the iPhone was going to fail. Take a look. What was your first reaction when you saw that? $500? Fully subsidized with a plan? I said, that is the most expensive phone in the world. And it doesn't appeal to business customers because it doesn't have a keyboard, which makes it not a very good email machine. Now, it may sell very well or not.

7:54We have our strategy. We've got great Windows mobile devices. Right now, we're selling millions and millions and millions of phones a year. Apple is selling zero phones a year. In six months, they'll have the most expensive phone by far ever in the marketplace. And let's see. You know, what's the expression? Let's see how the competition goes. So no matter how many zeros you got in your bank account, remember, you always could be wrong. Steve Ballmer is a great example. But just because you're wrong doesn't mean you can't make money either. The world is a weird, weird place. And Steve Ballmer, he's not crying.

8:27He's doing just fine for himself, but he was dead wrong on the iPhone. That's it for today's show. I hope you guys are enjoying it. I'm having a blast putting it together. Make sure that you're following on X and make sure that you're subscribed on YouTube. I'll see you guys live tomorrow from the desk of Anthony Pompliano.