American Monetary Association

Adam Kokesh is an American libertarian who plans to run on the ticket for the 2020 election. His platform calls for a "new American revolution" and has announced plans to run with an eye on the "orderly dissolution of the federal government." His 2014 book FREEDOM! outlines his beliefs and philosophy.

Jason Hartman and Adam discuss his libertarian beliefs, and what exactly a dissolution of the federal government would look like, and if it's even feasible.

Key Takeaways:

[0:53] Who really needs government

[4:10] The great lie behind government

[7:52] How to go about cutting the size of government while maintaining order

[12:10] How you can minimize violence and theft by eliminating government and police

[16:46] Adam's proposed dissolution of the federal government

[17:40] The only executive order Adam would sign as President

Website:

www.TheFreedomLine.com

www.KokeshForNotPresident.com

Direct download: AMA_199_Adam_Kokesh.mp3
Category:general -- posted at: 9:00am EST

If you want an early peak into a respected year end review, then you need to listen to what Professor David Collum has to tell Jason Hartman. The two discuss the dangerous situation that's being created by entities like the Fed and our own government that will lead to disasterous implications. The problem is, nobody knows when the can will be allowed to stop. We've been able to stave it off for years now, but the bill will come due at some point.

The two also look into the idea of "free speech" on college campuses and how to solve the intolerance shown by the left in that regard, as well as why Warren Buffett continues to lie about the equity market.

Key Takeaways:

[2:36] The merits of price gouging, and why price gouging laws are destructive

[5:40] The issue of free speech on college campuses, and whether it actually exists today

[10:11] If you want to solve the issue with students shouting down speakers, the administrators need to grow a backbone and punish the violators

[13:29] The metrics that show if equities are overpriced are fraudulent

"We shouldn't progress to the mean, we should regress to it, and that gets you to 60-70% regression."

[15:40] David is looking at a 50-70% reduction in the equities market

[18:50] What would happen to the economy if the Fed actually raised rates to something like 4%, and why it's a completely different world than when Voelker gave the economy its "hard medicine"

"Overvaluation is appreciation pulled forward, and undervaluation is deferred appreciation"

[22:40] Warren Buffett is a massive insider who likes to lie about the state of the market

Website:

www.Twitter.com/DavidBCollum

David Collum's Cornell Faculty Page

David's Previous Year End Reviews

Direct download: AMA_198_David_Collum.mp3
Category:general -- posted at: 12:56am EST

Investment Counselor and Local Market Specialist Liaison, Carrie joins Jason Hartman to see if he can correctly predict the effect the rise in interest rates will have on the US economy. Jason reminds us the Feds don’t directly impact mortgage rates but by directly impacting short-term rates all rates will be affected. For those of you who have income properties, the higher interest rates will put upward pressure on rents.

Key Takeaways:

[3:41] What does the spike in interest rates mean for investors?

[9:55] Higher interest rates will put upward pressure on rents and lessen the concentration of wealth.

[14:05] Local Market Specialists and Investment Counselors are always working in the client’s best interest.

[23:29] It’s important to get pre-approved for financing in today’s seller’s market.

[24:58] Jason hints about the location for the next Venture Alliance Mastermind.

Website:

www.JasonHartman.com/Properties

Grant's Interest Rate Observer

www.VentureAllianceMastermind.com

***The Property Tour Referenced in This Episode Has Passed***

"The Fed has weapons it can use to fix the economy and interest rates are one of those weapons."

Direct download: AMA_197_Interest_Rates.mp3
Category:general -- posted at: 1:58pm EST

Tyler Sheff, host of the Cash Flow Guys podcast, invited Jason Hartman on his show to discuss the different market types in the USA, and got some tips on remote managing as well. Jason explains that the stigma behind buying homes sight unseen, as well as self managing properties a thousand miles away, has abated some due to the wonders of technology.

Key Takeaways:

[1:56] What Jason learned when he owned properties in 11 states

[6:52] Whether Tampa is a linear, hybrid, or cyclical market

[11:18] Our brains relation to the number 3 and how it relates to Jason's diversification strategy

[15:57] Jason's experience of beginning to self manage his remote properties

[18:30] When tenants are connected directly rather than through a property manager they tend to take care of more things themselves

[23:32] The need for standardized data when evaluating properties

Website:

Meet the Masters 2018

www.RealEstateTools.com

www.CashFlowGuys.com

Direct download: AMA_196_Tyler_Sheff.mp3
Category:general -- posted at: 8:00am EST

Jason Hartman welcomes Economist Mike Norman to the show to discuss Modern Monetary Theory or MMT. Mike shares examples of common misconceptions people have of the US monetary system and economy, such as the US debt clock, that inflation equals growth, and how the tax system works. He believes that the US has an unlimited supply of capital and balancing the budget or functioning as a fixed monetary system would accomplish the opposite of what is needed to create growth.

Key Takeaways:

[0:55] Modern Monetary Theory (MMT) explains the value of money.

[3:54] A tax system is required to create demand for money.

[8:46] A fixed monetary system creates cycles of economic depressions and recessions.

[11:08] The US national debt is a summation of what is owned by the US and its constituents.

[18:39] A dollar must be created and pumped into the economy before it can be used to pay a tax debt.

[21:01] The US has an unlimited amount of new capital.

[26:28] There is a difference between inflation and growth.

Website:

Mike Norman on YouTube

Direct download: AMA_195_Mike_Norman.mp3
Category:general -- posted at: 7:00am EST

Jason welcomes Patrick Donohoe of The Wealth Standard Podcast to discuss the dirty details of pensions, insurance policies and Ponzi schemes. Jason describes the difficulties and common mistakes average retail investors make when investing in financial services. And, Pat gives a comprehensive overview of how to make the most of your existing policies in order to invest your money in the most historically-proven asset class, income property.

Key Takeaways:

[1:15] Is the US a giant Ponzi scheme?

[4:21] Understanding the difference between pension benefit plans and contribution plans is essential.

[14:05] The financial service industry preys on retail investors.

[19:39] Harry Markopolos is waiting to capitalize on a market correction.

[25:59] Analyzing the patterns and mistakes of the middle-class investor.

[34:17] The Wealth Standard Podcast focuses on helping individuals understand the comprehensive nature of the economy.

[36:39] Pat explains how policyholders can reduce their risk and get investment money for cash-flow properties.

Website:

Be Your Bank

The Wealth Standard Podcast

The Wizard of Lies

Venture Alliance Mastermind

Direct download: AMA_194_Patrick_Donohoe.mp3
Category:general -- posted at: 10:57am EST

Jason Hartman and Richard Duncan continue discussing what Richard thinks will happen if the government stops supporting the global bubble, how the government can get back in the black on the spreadsheets, and why today is unique in terms of economic history.

Richard Duncan is Chief Economist at Black Horse Asset Management, the author of The New Depression: The Breakdown of the Paper Money Economy and The Dollar Crisis: Causes, Consequences, Cures. His Macro Watch video series can help individuals to clearly understand how the financial system really works. Mr. Duncan previously held the position of economist for the World Bank and the International Monetary Fund.

Key Takeaways:

[1:00] The rules completely changed when we ditched the gold standard and went to a paper money economy

[10:35] The winners in our new, global economy

[13:16] How governmental policy is driving the global bubble

[16:15] Never in human history have we seen what happens when the economy becomes global and money is printed in this abundance

[21:33] How we can pull our nation out of debt

Website:

http://BlackHorse.com.sg

The New Depression: The Breakdown of the Paper Money Economy

The Dollar Crisis: Causes, Consequences, Cures

Direct download: AMA_193_Richard_Duncan.mp3
Category:general -- posted at: 10:01pm EST

Jason Hartman welcomes Richard Duncan for the first of a two-part conversation about what is driving the economy, and which mistakes could catapult the US into a recession.

Richard Duncan is Chief Economist at Black Horse Asset Management, the author of The New Depression: The Breakdown of the Paper Money Economy and The Dollar Crisis: Causes, Consequences, Cures. His Macro Watch video series can help individuals to clearly understand how the financial system really works. Mr. Duncan previously held the position of economist for the World Bank and the International Monetary Fund.

Key Takeaways:

[1:01] Richard Duncan has a unique, insider’s view of world economics and FIAT money.

[6:06] In the US, when credit grows less than 2% the US goes into recession.

[11:17] Creditism is the new Capitalism.

[13:37] Looking back at the policies which saved the world economy in 2008.

[19:35] It’s a very sensitive moment in the economy as the Fed is considering reversing quantitative easing.

[23:27] Globalization has changed the way the economic game is played.

Website:

http://blackhorse.com.sg

The New Depression: The Breakdown of the Paper Money Economy

The Dollar Crisis: Causes, Consequences, Cures

Direct download: AMA_192_Richard_Duncan.mp3
Category:general -- posted at: 12:00pm EST

Jason talks with the co-founder of Reaganomics, Paul Craig Roberts. Together, they discuss some of the international threats that could face America, thanks to the recent actions from Washington. Specifically, they deal with issues of demography, currency and military developments in Russia and China and consider the potential impact of each of these on the United States.

Key Takeaways:

[1:55] The ruble should be strong in comparison to the dollar, and yet the ruble is risking collapse.

[5:49] The reserve currency status no longer seems as stable when we look at potential drops in use of the dollar.

[13:04] Paul Craig Roberts describes the US’s current position with regards to Russia and China.

[23:03] We’ve got a whole generation of people who now can’t afford to live on their own terms.

[25:56] The discussion moves to inflation and how it could transform the US economy.

[35:03] With so many problems, is there a solution?

Website:

www.PaulCraigRoberts.org

Originally recorded in 2014

Direct download: AMA_191_Paul_Craig_Roberts.mp3
Category:general -- posted at: 8:43pm EST

Ever wonder why some people are liberals and others are conservative? Is there something different in their brain chemistry or is it just the way they were raised?

Dr. Rossiter is board certified in both general and forensic psychiatry. For more than forty years he has diagnosed and treated mental disorders, with a special interest in personality pathology and its developmental origins. He's also author of the book The Liberal Mind: The Psychological Causes of Political Madness, and talks about the belief that government can solve our problems and politicians have our best interests at heart.

Key Takeaways:

[2:18] The differences in mindset between liberals and conservatives

[5:38] Big government countries oppress religion because government needs to be the highest power

[9:56] Communist and socialist regimes have killed nearly 200 million people in the past century

[13:36] The people who describe themselves as caring are callous when they get power

[18:40] Politicians don't seem to have a grasp on obvious economic truths

[21:15] Adolescents need something to commit to and idealize things and people

[25:07] Big government is a great deal for the ruling class

Website:

www.LibertyMind.com

The Liberal Mind: The Psychological Causes of Political Madness

Direct download: AMA_190_Lyle_Rossiter.mp3
Category:general -- posted at: 8:15am EST