American Monetary Association

Jason Hartman talks to one of his podcast mentors, Jim Puplava, host of Financial Sense, about his thoughts on the new tax reform, what's happening with inflation (both today and moving forward), the different motivation of millennials compared to former generations, and more.

Key Takeaways:

[2:05] Will the new tax plan expedite people and companies leaving high tax states?

[6:53] Hidden taxes in states like California

[7:59] What's the endgame when states and municipalities go bankrupt? Is it just a federal bailout?

[10:53] Jim's current inflation thoughts

[14:23] How much longer can the US continue to kick the can down the road when it comes to the debt?

[17:49] Why double inflation arbitrage is fantastic for real estate investors

[21:03] What the next downturn is going to look like

[26:21] Jason's new theory

Website:

www.FinancialSense.com

Direct download: AMA_233_Jim_Puplava.mp3
Category:general -- posted at: 4:49pm EDT

Jason Hartman talks with Alan Beaulieu, President & Principal at ITR Economics and author of Prosperity in the Age of Decline, about what's going on in our economy when it comes to energy, inflation, and millennials. The two take a look at the difference between virtuous and non-virtuous inflation, how the millennials might respond to seeing actual inflation (and ways you can educate yourself about how times used to be different) and why you should be excited about the things that are coming. Alan also gives his thoughts on the recent tariffs and tax reform.

Key Takeaways:

[4:16] What's coming in the economy next

[6:15] What is "virtuous" and "non-virtuous" inflation?

[9:17] In 12 years there will be 30 million more people drawing down on Medicaid and Social Security

[13:24] Every single industry is having problems finding enough people, so the future isn't as bleak as you might think

[16:49] The 5 sources of inflation

[20:24] We're in a golden age with stable energy

[22:40] The 3 reasons Alan's excited about where we're headed

Website:

www.ITREconomics.com

Prosperity in The Age of Decline: How to Lead Your Business and Preserve Wealth Through the Coming Business Cycles

Direct download: AMA_232_Alan_Beaulieu.mp3
Category:general -- posted at: 5:43pm EDT

Jason Hartman talks to The Libertarian Chick, Kristin Tate, about the hidden taxes we all pay in our life, and how to do something about that. Kristin explains that often the taxes that we're paying are not being used for the purpose that you would assume they would be.

Key Takeaways:

[1:27] Are millenials just not paying attention to fiscal policies?

[3:26] We are being taxed EVERYWHERE, even when we don't see it

[6:32] Where some of your tax money is going probably isn't where you expect

[11:35] The debauchery tax & unintended consequences

[15:13] Awareness is step 1, what's step 2?

[18:43] The smaller the municipality the easier it is to get rid of the tax

[23:54] How did Kristin get into this line of work?

Website:

www.TheLibertarianChick.com

www.Twitter.com/KristinBTate

Direct download: AMA_231_Kristin_Tate.mp3
Category:general -- posted at: 12:23pm EDT

In this 10th episode, Jason Hartman goes off topic with Joan Sotkin, host of the Prosperity Place podcast and author of Build Your Money Muscles, about how to rewire your brain for prosperity and financial freedom. Jane points out that you need to connect with your negative emotions about money because emotions are created to be expressed, as well as remembering that you're not doing it for money but for what the money allows you to do.

Joan and Jason look into why people quit at the first sign of trouble and how you can be part of the 2% of people who actually achieve change.

Key Takeaways:

[1:44] Money problems aren't usually about money

[6:14] The questions you need to ask yourself when you're trying to change your bad habits

[9:44] You need to connect with your negative emotions surrounding an idea because emotions, by nature, need to be expressed

[12:04] Remember, you're not working for money, you're working for what the money will buy

[16:27] The people who are successful are problem solvers who see problems as opportunities

[20:44] What can you do about people who give up at the first hint of trouble?

[23:33] Only 2% of people who want to change actually make the change

Website:

www.ProsperityPlace.com

Direct download: AMA_230_Joan_Sotkin.mp3
Category:general -- posted at: 4:54pm EDT

Jason Hartman talks with Dr. Sean Worthington, creator of Cloud Coin, about what money really is, why it absolutely must be trustworthy, and why Cloud Coin is the solution for digital currencies. Sean says that Cloud Coin is an enormous development over Bitcoin and actually provides the most secure transactions around. Sean also touches on Jason's belief that government's can shut down cryptocurrencies with his explanation of why that's just not going to be the case.

Key Takeaways:

[1:00] Sean's new definition of money

[5:11] Money MUST work as trustworthy data in order for the economy to work

[8:21] The story of the Island of Yapp

[11:13] Money tells us what to do and how to act, so it needs to have integrity

[16:23] Cloud Coin is the money that Sean has created, which just gets created into existence

[19:27] Cloud Coin's market cap is currently 17 million, and people are actually spending it

[24:36] Why Cloud Coin is a big development over Bitcoin

[29:41] Sean's thoughts on why governments won't be able to shut down cryptocurrencies

Website:

www.DigitalFrontierNews.com

Direct download: AMA_229_Sean_Worthington.mp3
Category:general -- posted at: 12:00pm EDT

The worlds of cryptocurrencies and crowdfunding can work in harmony, but the world of the long term cryptocurrency lover and day traders may not be so harmonious.

Jason Hartman talks with David Drake, founder of LDJ Capital, about what's going on in the cryptocurrency world, regulations on the ICO market, and how currencies like Bitcoin might be incorporated into international currency baskets.

Key Takeaways:

[3:33] What kind of regulations do ICOs have?

[8:13] Cryptocurrencies are now seeing two worlds collide: the old guard of people who are buying and holding versus the hedge funds coming in to trade and make money quickly

[12:12] G7 might put Bitcoin into their currency baskets because they're anti-inflationary

[15:07] Can cryptocurrencies overcome any potential opposition from governments and central banks?

Website:

www.LDJCapital.com

Direct download: AMA_228_David_Drake.mp3
Category:general -- posted at: 7:53pm EDT

There are new payment systems coming into play in the cryptocurrency world that are about to cause some big disruptions. Jason Hartman talks with Pavel Matveev, CEO of Wirex, about the new technologies, the main problem with cryptocurrencies, where Bitcoin is headed this year, and whether regulation in the crypto world will be a good or bad thing.

Key Takeaways:

[2:39] The main problem with cryptocurrency right now

[5:17] Blockchain hasn't been designed to be scaleable and how that's being addressed

[9:25] What is Wirex?

[13:03] Pavel doesn't believe cryptocurrencies will replace fiat currency

[14:41] Bitcoin 50k in 2018?

[20:38] Who has to have a license to deal in cryptocurrency?

Website:

www.Wirex.com

Direct download: AMA_227_Pavel_Matveev.mp3
Category:general -- posted at: 12:00pm EDT

Jason Hartman talks with Chris Skinner, chairman at Financial Services Club, about how cryptocurrencies and blockchain are changing the banking industry, what changes are going to have the most impact in the coming years, if more regulation is needed, and how blockchain is actually used in commerce today.

Chris is an expert on financial markets and fintech. He is author of Digital Bank, ValueWeb, and Digital Human.

Key Takeaways:

[1:08] Are big banks in trouble and at risk of going away at all?

[6:32] The challenge for financial institutions to deal with technology and change

[11:04] The most critical breakthrough coming in the next decade is a Digital Identity Scheme

[15:57] Do the big companies need to be regulated like utilities or be required to publish their algorithms?

[19:17] What's going on in cryptocurrencies today is equivalent to what happened with the World Wide Web in the 90s. We're trying to figure out which one will come out on top

[23:03] When will blockchain actually be used in commerce on a large scale

[29:02] How will the blockchain change how we love?

Website:

www.TheFinanser.com

Direct download: AMA_226_Chris_Skinner.mp3
Category:general -- posted at: 12:00pm EDT

Gambling has destroyed many lives, and it's something that actor Zack Ward thinks needs to be dealt with in our society. That's one of the reasons he's CEO of Global Sports Financial Exchange, the first investing platform for sports leagues, as well as determined to teach financial literacy.

Jason Hartman and Zack discuss how All Sports Market can help curb gambling by giving a new outlet more akin to the stock market, why they're trying to get more regulation, how they're using blockchain technology, and more.

Key Takeaways:

[3:22] What's the difference between AllSports and gambling?

[6:43] Where is the All Sports Market going?

[7:38] Why All Sports is openingly welcoming regulation

[12:01] The unholy alliance between sports and gambling

[14:32] All Sports trading platform is based on blockchain technology

[17:50] Zack's mission to promote financial literacy, and how his company's learning center does that

Website:

www.AllSportsMarket.com

www.Twitter.com/TotalZackWard

www.Instagram.com/TotalZackWard

Direct download: AMA_225_Zack_Ward.mp3
Category:general -- posted at: 5:05pm EDT

There is a lot of talk in the news lately about a possible downturn in the US economy, yet Jason’s guest, Ali Wolf of Meyers Research is staying bullish. She says the important indicators to watch aren’t showing the normal warning signs of a market drop. Ali also discusses the trends of Millennials with regards to renting vs. buying a home, their purchasing cycles and what they are willing, and not willing, to pay for.

Key Takeaways:

[01:03] Are we at the end of a business cycle?

[04:30] Ali uses the Quits ratio to judge the state of the economy.

[06:39] Three critical indicators to use as early warning signs to a possible market drop.

[09:29] Wiil Millennials be staying put and buying homes or are they the rental generation?

[16:33] Why modern, prefab homes may offer Millennials more amenities than space.

[27:34] Inventory of existing, resale housing is lower in every single market Zondo tracks.

Website:

www.RealEstateTools.com

www.JasonHartman.com/Ask

www.MeyersLLC.com

www.Zonda.co

Direct download: AMA_224_Ali_Wolf.mp3
Category:general -- posted at: 3:20pm EDT