#1427 Howard Lutnick | Bitcoin & Tariffs Will Save The US Economy

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Pomp Podcast

Key Takeaways

• The fundamental aspect of the American Dream is creating a better life for your kids than the one you lived
• Two-thirds of the American workforce has a high school education, and only one-third has a college education; on average, a person with a college education lives seven years longer than a person without one
• “Right now, I am focused on: ‘What’s the right move for America?’ And that’s why I’m all in with Donald Trump – his policies, his thinking, his way of just looking at things, his intuition. It’s just right.” – Howard Lutnick
• In the past, the Democratic Party used to be the party for the workers, and the Republican Party was the party for businesses, but this has completely shifted
  • Coastal elite nonsense has infiltrated the Democratic Party; it no longer represents the working class as it once did
• Instead of taxing the hell out of the American people, what if the US government made money off tariffs when other countries bought our stuff?
• All of the fentanyl that makes its way into the US comes from China; something nefarious might be at play, given the damage this drug is doing to America’s youth and working-class
• After the 9/11 attacks, Howard Lutnick pledged to forgo his salary and bonuses for several years to support the families of Cantor Fitzgerald employees who lost their lives
• “Everytime bitcoin dips, I’m going to be the buyer.” – Howard Lutnick
  • He has “hundreds and hundreds of millions of dollars” worth of exposure to Bitcoin, and one day expects his stack to be worth billions
• “Bitcoin will be way way way higher, sometimes lower. You just have to have faith.” – Howard Lutnick

Read the full notes @ podcastnotes.org

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Howard Lutnick is the CEO of Cantor Fitzgerald. Howard is one of the most interesting people in finance, he is a billionaire, and has incredible ideas to improve America. In this conversation, we talk about the national debt, inflation, why he is the co-head of the Trump transition team, what their plan is to balance the budget, how they are going to change things around economically, and a touching story about 9/11.

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