American Monetary Association (general)

Jason Hartman talks to in-house economist Thomas about interest rates. There's been some movement up and some movement down, but Thomas has an opinion on where he thinks rates will go in 2020 and why he believes that.

Key Takeaways:

[1:10] The Fed only indirectly influences mortgage rates

[3:09] Why Thomas believes mortgage rates will go up in 2020

[5:20] The 2 Central Bank forces that will push inflation back up

[7:47] Why a $315 billion drop in money supply is important even though it's not much of a percentage of worldwide supply

Website:

www.JasonHartman.com/Properties

www.JasonHartman.com/Ask

Direct download: AMA_299_Thomas.mp3
Category:general -- posted at: 3:38pm EST

Jason Hartman talks with Peter Hirshberg, founder of Maker City® Project and CEO and co-founder of Lighthouse.one, about Opportunity Zones and how they work with constructing cities. Jason and Peter explore how the incentives were created and why they are crucial to the success of projects like Opportunity Zones.

Key Takeaways:

[1:56] Economic reinvention is a bottom up thing as people found what they were good at and innovators moved into the city

[6:08] Why you have to create incentives like those the Opportunity Zone offers

[10:10] Why real estate matters

Website:

www.Lighthouse.one

www.JasonHartman.com/Properties

Direct download: AMA_298_Peter_Hirshberg.mp3
Category:general -- posted at: 12:00pm EST

Jason Hartman talks with Steve Glickman, Senior Economic Advisor to President Barack Obama and chief architect of the Opportunity Zone project, about how the Opportunity Zone system works, the definition of an Opportunity Zone and what benefits the program provides for real estate investors.

Key Takeaways:

[1:14] There are now 8,766 Opportunity Zones across the US

[5:31] There are about 300 Opportunity Zone funds targeting $65 billion and have raised about 15% so far. How big is this expected to get?

[8:28] The 2 big factors in why zone based programs become unsuccessful

[10:16] What is the Opportunity Zone program?

[13:23] Will Opportunity Zones exacerbate gentrification?

Website:

www.Lighthouse.one

Direct download: AMA_297_Steve_Glickman.mp3
Category:general -- posted at: 2:22pm EST

Jason Hartman talks with Brian Beaulieu, author of Prosperity in the Age of Decline and CEO of ITR Economics, about what's really going on in our economy right now. It's not as doom and gloom as some people have made it out to be, and it wasn't so a few years back. Brian explains what indicators you should really be paying attention to and what's coming up in 2020 as well.

Key Takeaways:

[2:14] What is the next cycle going to be?

[5:27] The G7 leading indicator is something you should be watching

[9:55] The peculiarity of the trade tariffs that have been imposed

[13:06] Globalization is under severe negative pressure

Website:

www.ITREconomics.com

Direct download: AMA_296_Brian_Beaulieu.mp3
Category:general -- posted at: 11:27am EST

Jason Hartman and Investment Counselor Doug take a look at the danger of manias, especially when it comes to investing in startup companies (like WeWork). It's easy to get caught up in rising valuations and the like, but it's also easy to lose a whole lot doing so.

Jason and Doug then discuss the Wealth Simulation exercise that was held at Profits in Paradise, including lessons learned about the method of building your portfolio that will set you up for the greatest wealth.

Key Takeaways:

[2:22] WeWork is a great example of why you should follow Commandment 21: Thou Shalt Avoid Manias

[7:17] Don't fall for the company line of how they're going to change the world. Voluntary exchange with a company changes the world on its own

[10:24] Don't be fooled by the resume or the amount of money that's being pumped into a company when making investment decisions

[11:57] Blogcast: Housing vs Shelter

[19:22] How the Wealth Simulation exercise worked

[23:23] One of the top strategies in the wealth simulation game was a mixture of linear and hybrid markets so you could take advantage of cash flow and appreciation

[29:35] You don't have to have too many properties before you're at the point where you're dealing with the law of large numbers

Website:

www.JasonHartman.com/Properties

Direct download: AMA_295_Doug.mp3
Category:general -- posted at: 3:01pm EST

Jason Hartman talks with Hernando De Soto, founder and President of the Institute for Liberty and Democracy and author of The Mystery of Capital:, about the elements of capitalism that are most important and how property rights are absolutely essential. They also discuss the growing sentiment toward socialism in the United States and what impact that could have.

Key Takeaways:

[1:45] The 5 mysteries of capital

[6:35] Capitalism is one of the few (if not only) systems that gives the lower classes a chance against the rich

[13:07] What we do as capitalists does not translate to what we do in politics

[17:53] The issue of equal opportunity for capital has to be addressed for capitalism to regain its popularity

Website:

www.ILD.org.pe

Direct download: AMA_294_Hernando_de_Soto.mp3
Category:general -- posted at: 12:00pm EST

Jason Hartman talks with Daniel Ameduri, co-founder of Future Money Trends newsletter and author of Don't Save For Retirement: A Millennial's Guide to Financial Freedom, about how the working environment has changed from the Baby Boomers to Millennials and how the Millennial generation need to change their mindset about retirement in order to not be left behind when they're ready to leave the rat race.

Key Takeaways:

[4:02] What does Daniel mean when he tells people not to save for retirement???

[8:16] Beware financial advisers, there's more education required to be a hair stylist

[12:59] Millennials should embrace the freelance economy

[17:18] Daniel is seeing boom time for the next year

Website:

www.FutureMoneyTrends.com/Save

Direct download: AMA_293_Daniel_Ameduri.mp3
Category:general -- posted at: 12:00pm EST

Jason Hartman talks with Richard Rahn, Advisor to former President George HW Bush and Chief Economist of US Chamber of Commerce for Ronald Reagan, about his thoughts on digital currencies and whether they will ever full grab hold in the United States with the power of the government. They also discuss Richard's time in politics and why he left the White House.

Key Takeaways:

[1:00] When Richard started being interested in what would eventually become cryptocurrency

[8:23] The government could target any one of us because most people are committing crimes they don't even know about. But going after encrypted peer-to-peer transactions would be impossible

[12:16] Why does Richard think Bitcoin won't be the answer?

[13:29] Richard's time in the Reagan and Bush administration

Website:

www.IGEG.org

Direct download: AMA_292_Richard_Rahn.mp3
Category:general -- posted at: 1:35pm EST

Jason Hartman talks with Doug about short-term debt cycles and what's going on with our economic expansion that's been happening for years. It's been going on for a long time, and at some point it's going to turn, so how do we recognize it?

Key Takeaways:

[2:10] The Wealth Effect in a booming economy

[4:44] What precipitates the turn of the economy?

[11:05] The principles that drive the stock market are the same ones that drive real estate

[14:40] Can GDP growth and stock market growth have diverging rates of growth for extended periods?

[19:57] The primary reason this economic expansion has gone on so long is that it hasn't been inflationary

[26:16] The looming pension crisis

Website:

www.JasonHartman.com/Properties

Invest with Sven Carlin, Ph.D.

Direct download: AMA_291_Doug.mp3
Category:general -- posted at: 3:56pm EST

In today's 10th episode, Jason Hartman talks with Etienne Deffarges, author of Untangling the USA: The Cost of Complexity & What to Do About It, about some of the most pressing issues facing the country, such as health care and our banking system. They look at what exactly is causing the issues, but don't just focus on the problems. Etienne and Jason also discuss the most important part of the problems: their solutions.

Key Takeaways:

[2:26] We as a society make things much more complex than we need

[7:51] Etienne's solution for health care

[14:04] How can we improve the world of finance?

[18:15] Etienne is in favor of banks having to have a higher equity to debt requirements

[21:35] With all of these problems in the world, what's the solution?

Website:

www.EtienneDeffarges.com

Direct download: AMA_290_Etienne_Deffarges.mp3
Category:general -- posted at: 8:27am EST

Jason Hartman and Adam examine the Investopedia article referring to the 9 common effects of inflation. The 2 types of inflation (cost-push and demand-pull) are also broken down in regards to how they impact your property value and rent.

Then the two examine what impact the Trade War with China could have on the markets properties are available in. If production from overseas come back to the United States, where are we likely to see the impact?

Key Takeaways:

[3:40] The 9 common effects of inflation

[8:36] The land value is the one that's susceptible to big swings in value

[12:10] Cost-push versus demand-pull inflation

[15:19] How the Trade War could create cost-push inflation in the linear markets we're investing in

[18:34] If China ever manages to create a middle class they're going to have to deal with a new set of issues, which might make them an inopportune producer

[23:21] When labor shortages hit construction it can make it incredibly expensive to build a house and retain the workers needed

[28:00] Once the Trade War has ended, look at what job sectors are going to be impacted most and adjust your investing strategy accordingly

Website:

www.JasonHartman.com/Ask

www.JasonHartman.com/Properties

9 Common Effects of Inflation on Investopedia

Direct download: AMA_289_Inflation_Trade_War.mp3
Category:general -- posted at: 4:28pm EST

After giving a quick update on his cruise travels, Jason Hartman talks with Taylor St Germain, economic analyst at ITR Economics, about why lower interest rates haven't spurred the higher end housing market. The two also discuss what indicators Taylor looks at to get a gauge on the economy and the impact tariffs have had and may still have yet to come.

Key Takeaways:

[1:04] Are lower interest rates good news for cyclical markets or are they just too overpriced?

[5:31] The rise in wages has helped the economy but it's not changing the overall trend or forecasts

[9:29] Why are housing starts so important?

[14:34] ITR's concerns with the tariffs currently being put in place

[18:50] More tariffs could potentially put us in a recession, so be very careful if we see more coming

Website:

www.ITREconomics.com

Direct download: AMA_288_Taylor_Germain.mp3
Category:general -- posted at: 6:25pm EST

Jason Hartman and Adam today break down a video about how Fannie Mae and Freddie Mac influence the housing market in the United States. While their publicly stated goal is to make housing in the country more affordable, are they really doing that? Listen in to find out.

Key Takeaways:

[1:19] Fannie Mae Going Away?

[3:39] The idea that we need a high home ownership rate is a false idea

[8:11] How Fannie Mae props up the housing market

[12:53] Fannie & Freddie have a stated goal of making housing more affordable, but they don't do that at all

[22:24] If you're investing for yield rather than capital gains, the price of the house has much less importance

[25:30] The importance of sustainable investing

Website:

www.JasonHartman.com/Properties

How Fannie & Freddie Prop Up America's Favorite Mortgage by Wall Street Journal

Direct download: AMA_286_Adam.mp3
Category:general -- posted at: 3:38pm EST

Jason Hartman and Investment Counselor Carrie take a look at some of the prime markets where first time buyers are looking to buy, with several of them being markets his network is currently selling properties. Then the two look into some responses from listeners about some personal information they shared before coming to Meet the Masters as Jason tries to learn more about his friends.

Key Takeaways:

[1:34] Where first time buyers are looking to buy

[5:11] Terminology that Jason thinks needs to be used

[8:22] Tampa made the list of places people are looking to live, and it's also a market Jason's group is looking at potentially going into

[14:29] The Millennial Struggle House and Home Blogcast

[20:04] Some responses from the Meet the Masters question about some interesting facts about attendees

[24:15] What life lesson Jason learned from his mom when learning to fly

Website:

www.JasonHartman.com/Properties

Direct download: AMA_285_Carrie.mp3
Category:general -- posted at: 12:00pm EST

Jason Hartman talks with Doug about why there's been a decline in inventory and what shortages are abound in the housing market. In examining several videos about the housing market and economy, Jason and Doug also look at what impact privatizing mortgages could have and housing affordability in Canada.

Key Takeaways:

[4:06] The big housing shortage is not in McMansions, it's in the 100k range

[4:31] The problem with waiting for the next recession

[12:22] Inventory has declined, which has caused upward pressure on prices

[18:42] When large developers start building an area, they have to keep the sales going in order to make money, so prices can fluctuate

[22:38] The potential impact of privatizing is a prevention of markets overheating

Website:

www.JasonHartman.com/Properties

Email your Spam to reviews@JasonHartman.com

Direct download: AMA_284_Doug.mp3
Category:general -- posted at: 12:00pm EST

Jason Hartman talks with Laurence Kotlikoff, William Fairfield Warren Professor and Professor of Economics at Boston University, about the massive amount of unfunded mandates that are awaiting the United States. Currently he has that number pegged around $239 trillion, and there are only a few ways that can be resolved.

They also discuss how his software, Maxifi, can help those people who are planning toward retirement. Laurence explains the intricacies, assumptions that many people don't make when factoring in their savings.

Key Takeaways:

[1:29] The most recent number the unfunded mandates are going to cost

[8:24] Does Laurence believe in Supply-Side Economics?

[11:33] Consuming your way to prosperity has never worked before and won't now

[14:52] How Laurence would have dealt with the collapse of Lehman Brothers to calm the public's response to the start of the Great Recession

[18:36] Laurence's take on Jason's 6 ways the government can get out of its hole

[24:07] Is the future inflationary?

[25:34] What do we need to do to plan for the future?

[31:52] How much time it takes to input your data into Maxifi

[35:28] Many people are saving too much for their later life because they're scared

Website:

www.JasonHartman.com/Properties

www.Maxifi.com

www.Kotlikoff.net

www.PurplePlans.org

Jason Hartman's Real Estate Investor Update Alexa Skill

Direct download: AMA_283_Laurence_Kotlikoff.mp3
Category:general -- posted at: 9:25pm EST

Jason Hartman talks with Democratic Presidential Candidate Andrew Yang about some of his policy proposals, including the huge idea of Universal Basic Income, the erradication of income tax and the implementation of a VAT.

Key Takeaways:

[1:40] How Universal Basic Income is different than the welfare state and why libertarians would support it

[5:11] Would income taxes go away if Andrew's VAT goes into effect?

[9:56] Andrew supports UBI because automation is taking away so many jobs

[14:40] The war on normal people

[21:06] How the UBI will offset any deficit it creates

Website:

www.Yang2020.com

Direct download: AMA_282_Andrew_Yang.mp3
Category:general -- posted at: 2:07pm EST

Jason Hartman talks with G Edward Griffin, author of The Creature from Jekyll Island, about corporate scams. Too many people hide behind the veil that corporations offer; ripping off consumers and shareholders and letting the company take the punishment. G Edward and Jason discuss this topic, as well as how we can actually change things to allow society to hold those responsible accountable.

Key Takeaways:

[3:06] It can perfectly legal to extract millions of dollars from a company while the shareholders value drops to 0

[6:12] Trying to punish "the corporation" just means that shareholders get hurt

[8:39] How do we hold someone accountable when a corporation does something bad?

[10:27] How to actually make change happen to fix this problem

[13:35] Governments have a perpetual lien on your property. There's no such thing as owning something "free and clear"

[19:33] What is reasoning behind people like Soros when they pump money into politics?

[22:09] The Fabian Socialist Society believed you took over society gradually

[25:48] At what point is it proper for the state to intervene?

Website:

www.RedPillExpo.org

www.FreedomForceInternational.org

www.RealityZone.com

Direct download: AMA_281_G_Edward_Griffin.mp3
Category:general -- posted at: 3:33pm EST

Jason Hartman talks with Robert Greene, author of the new book The Laws of Human Nature as well as New York Times bestsellers like The 48 Laws of Power and The 33 Strategies of War, about how to approach people to put yourself in the best position for success as well as how to best change your life and circumstances. Robert goes over a few of his 18 laws to help you on your way.

Key Takeaways:

[3:47] Misjudging people is extremely expensive, and it's getting even harder to do with everything becoming virtual

[6:07] Thinking about what other people need or are going through is one of the most important life skills you can develop

[9:21] When you ask someone for anything, they are naturally going to be resistant

[12:26] We are emotional creatures, largely governed by our emotions

[23:59] You can change your own life and circumstances by working on your attitude

[27:35] The biggest impediment in people's lives is the inability to affect or influence the people around them

Website:

www.PowerSeductionAndWar.com

Direct download: AMA_180_Robert_Greene.mp3
Category:general -- posted at: 10:13am EST

Jason Hartman and in-house economist Thomas take today's episode to examine the 10 things that are happening in the US and abroad that are making the most impact in 2019. Among them are the US/China trade war, interest rates, the Mueller Report, millennial household formations, and more.

Key Takeaways:

[1:05] The best thing that's happened so far in 2019 is lower interest rates

[3:46] Household formation for millennials is looking really good for investors

[6:28] The Fed being receptive of market conditions has been a good omen for 2019

[11:21] The 3% GDP growth they said we needed to "pay" for the Trump tax cuts happened

[14:20] Blogcast on Creative Destruction

[20:16] The Mueller Report's impact on the housing market

[22:58] The US needs to negotiate with China now before we operate out of a position of weakness

[25:11] When China sat out the bond auction recently it created a wild swing

Website:

www.JasonHartman.com/Properties

Jason Hartman's Real Estate Investor Update Alexa Skill

Direct download: AMA_279_Thomas.mp3
Category:general -- posted at: 3:11pm EST

Jason Hartman talks with Marc Faber, editor at Gloom, Boom, Doom, about what's going on in our economy with the massive asset inflation that's hit in the past few years. The two examine what central banks will have to do in order to deal with the looming shortages and what investments can buck that trend when it arises.

Key Takeaways:

[3:54] Asset inflation is making the rich richer and leaving the poor and middle class behind

[10:01] Will millennials get bailed out by their inheritance from their Baby Boomer parents?

[13:16] The 2 investments that will appreciate in a global downturn

[15:08] 2 ways central banks can print money

[19:40] Inflationary actions can kick the can down the road a long way, but there is one thing that can ruin the party

Website:

www.GloomBoomDoom.com

Direct download: AMA_278_Marc_Faber.mp3
Category:general -- posted at: 3:38pm EST

Jason Hartman talks with Kelly Alexander, founder of Great American Tax Remedy, about how Kelly has been able to avoid paying Federal income tax since 2014. Kelly's method hasn't had to hold up against an IRS audit, but she's confident that what she's doing is completely legal and can help anyone out.

Key Takeaways:

[2:39] How Kelly's tax plan to avoid income taxes works

[6:17] Who else is using Kelly's technique?

[7:38] What Kelly does when she gets paid in order to avoid income tax

[17:35] How to report your income on your taxes under Kelly's format

[27:48] Why Kelly's strategy works for both state and federal taxes

Website:

www.MyTaxRemedy.com

Direct download: AMA_277_Kelly_Alexander.mp3
Category:general -- posted at: 2:56pm EST

Jason Hartman talks with Dr. David D Friedman, son of Milton Friedman, former professor at Santa Clara University in the Law School, and author of books such as The Machinery of Freedom: Guide to a Radical Capitalism and Law's Order: What Economics Has to Do with Law and Why It Matters. The two dissect what role the government should have in society: what it's capable of and what it need to steer clear from, while also delving into the 4 problems that need to be addressed in a feud system.

Key Takeaways:

[1:47] How David's thinking is similar and different than his father's

[4:00] Can the government actually be out of everything?

[8:21] One of the mistakes that supporters of free markets make is implying that things won't ever go wrong

[11:51] Market failure is a mark for and against government

[17:43] What David learned about feud law when looking at various legal systems

[21:38] Making the tort claims transferable would make our legal system much better

Website:

www.DavidDFriedman.com

Direct download: AMA_276_David_Friedman.mp3
Category:general -- posted at: 3:47pm EST

Jason Hartman talks with in-house economist Thomas about how interest rates in the past 10 years have compared to one another. The two explain why interest rates can be so difficult to predict and how these past 10 years are compared to the past.

Key Takeaways:

[2:53] Interest rates aren't completely unpredictable, but they're driven by things where you can't know exactly what's going on

[6:10] Interest rates back in 2010

[15:49] #5 on Thomas' list is 2017, when interest rates dipped under 4%

[20:24] 2015 makes up the #3 spot on the list with interest rates averaging 3.85%

[24:18] The #1 year for interest rates in the past decade

[28:32] Remember that real estate deals can be renegotiated

Website:

www.JasonHartman.com/Properties

Direct download: AMA_275_Thomas.mp3
Category:general -- posted at: 8:57pm EST

Jason Hartman and Kerry take today to look at some of the signs in our economy today that don't point toward a rosy future. But don't take that to mean the sky's falling and we're headed for a doomsday scenario, we've still got some runway left.

The two also discuss how self-management can show you things that you wouldn't have known just sticking with a property manager. You don't HAVE to self-manage, but it's important to know how to self-manage so you don't get taken advantage of by your current manager.

Key Takeaways:

[1:27] There are ominous signs out there for the economy, so we'll see how much longer it can hold them off

[4:36] For the first time in a long time, Kerry is bullish on the New York real estate

[12:01] Where will the next recession come from?

[15:53] There's an urgency that you need to do something now rather than waiting around

[19:52] Why Kerry thinks Indiana has been the longest running market for Jason's company

[24:07] Utilize your tenants as your assets

[29:39] If you choose to self-manage, remember to track ALL of your expenses

Website:

www.JasonHartman.com/Properties

Direct download: AMA_274_Kerry.mp3
Category:general -- posted at: 8:54pm EST

Jason Hartman talks with Patri Friedman, Executive Director of The Seasteading Institute, about creating new countries using the seasteading technique. Patri discusses how the concept would work in today's environment and why it's not absurd to think of a country being created on the water. It's coming sooner than you expect.

Key Takeaways:

[1:12] What is seasteading?

[6:05] Why not just buy land from a country rather than doing everything out at sea?

[10:04] Patri's goal is seeing governments competing for citizens by treating them best

[13:41] How do you deal with security when you're in the middle of the ocean?

[18:02] What are these seasteads going to do for currency?

Website:

www.Seasteading.org

www.Twitter.com/Patrissimo

Direct download: AMA_273_Patri_Friedman.mp3
Category:general -- posted at: 12:00pm EST

Jason Hartman talks with Jeff Ferry, Chief Economist at the Coalition for a Prosperous America, about what's going on with the US trade war. Jeff has some ideas on how to close the gap between the US and the rest of the world, but Jason has some questions about whether they would cause inflation. They also look into America's manufacturing sector and why we need to ramp it back up.

Key Takeaways:

[1:15] Jeff's thoughts on the current trade situation

[5:31] One of Jeff's solutions for helping cure the trade imbalance is to reduce the value of the dollar

[9:25] How would devaluing the US economy impact our purchasing goods from other countries and how would it impact the economy at home?

[12:37] You have to have capital formation for a society to create wealth

Website:

www.ProsperousAmerica.org

Direct download: AMA_272_Jeff_Ferry.mp3
Category:general -- posted at: 12:00pm EST

Jason Hartman talks with Rich Dad Advisor and multifamily property investor Ken McElroy about his recent sale of $300 million worth of property, as well as supply levels of multifamily properties, why Ken is still bullish on real estate and the future of interest rates.

Key Takeaways:

- Why did Ken choose this time to sell his properties and how did he do it?

- Cap Rate fails to take appreciation into account

- Is there an oversupply of multifamily that's causing rents to not grow as quickly?

- What Ken has learned about his facilities for the 55+ community

- Why Ken is still bullish on real estate

- Capital always looks for safety in the US

- The impact things like ride sharing and autonomous cars are having (and will have) on real estate

- Ken's take on the future of interest rates

Website:

www.JasonHartman.com/Properties

www.KenMcElroy.com

Direct download: AMA_271_Ken_McElroy.mp3
Category:general -- posted at: 4:14pm EST

Jason Hartman speaks with Matthew Sullivan, founder & CEO of Quantm Real Estate, about how his company is using blockchain and tokens to help homeowners pull equity out of their homes (whether owner occupied or investments). Matthew uses a few case studies to explain how much money you could extra, what you would owe his company, and how the secondary market works for the equity stake his company receives.

Key Takeaways:

[1:54] Matthew's company allows you to get equity out of your house without taking out another loan with a bank by buying some of the future value of your house

[4:51] Case study: How much can you pull out if you were to have a $100,000 house with a $50,000 mortgage?

[11:06] Why Quantum Real Estate goes through the hassle of creating a REIT and tokenizing them equity share

[15:49] The effective "interest rate" for homeowners who realize their equity

[19:59] Quantum Real Estate revalues their portfolio every 3 months so the secondary market can trade

Website:

www.JasonHartman.com/Properties

Direct download: AMA_269_Matthew_Sullivan.mp3
Category:general -- posted at: 10:11am EST

Jason Hartman talks with Dr. Randy Wray, one of the foremost experts in Modern Monetary Theory, about why Minsky the philosopher is important, what exactly MMT is and why it's relevant in today's monetary society. They especially tackle the job guarantee program that MMT espouses and what's coming up for the US in the economy for the next few years.

Key Takeaways:

[1:26] Who is Minsky and why is he someone we should concern ourselves with?

[4:43] What is Modern Monetary Theory and why is it applicable?

[10:31] The governments going back to the colonies spends money into existence and then taxes it back to avoid causing inflation

[13:38] Has all the money that was put into the economy during Obama's term been taken back out by taxes or is it causing inflation?

[17:51] The test you need to use to discover if you're doing monetary policy correct

[21:48] Spending during The New Deal greatly helped move our nation forward and allowed us to become the richest, most developed nation on Earth

[25:49] The job guarantee that Dr Wray is focusing on now would involve a lot of care work, and it would be decentralized

[28:58] What's coming up, economically, for the United States

Website:

www.Levy.org

Direct download: AMA_268_Randy_Wray.mp3
Category:general -- posted at: 11:50pm EST

After a tour of an Amazon fulfillment center, Jason Hartman has an "investigative report" from the inside of a ride-sharing trip talking with a former employee of Amazon on how we have been misled a little by the company.

Key Takeaways:

[2:23] Amazon pickers are walking at least 10 miles a day to get orders together

[4:08] The pay raise that Amazon gave their warehouse employees was offset by a slash in benefits

Website:

www.JasonHartman.com/Properties

Direct download: AMA_267_Amazon.mp3
Category:general -- posted at: 12:00pm EST

Jason Hartman talks with Tal Tsfany, President & CEO of the Ayn Rand Institute, about free speech on college campuses, how we should be defining things like happiness and selfishness, and why we should be focusing on the self. They also examine the philosophies of those who want to tax the rich in order to redistribute wealth.

Key Takeaways:

[2:28] What's happening with speech on college campuses is a result of progressive philosophies

[4:16] What would Ayn Rand's political views be in today's world?

[7:56] Ayn Rand's definition of happiness

[11:23] Love is a goal or value that you pursue. It's a spiritual trade

[15:20] Ayn's definition of selfishness

[19:18] Berkley students in the 60s were reading Ayn Rand to be cool, but not following through on the axioms

Website:

www.AynRand.org

Direct download: AMA_266_Tal_Tsfany.mp3
Category:general -- posted at: 12:00pm EST

Jason Hartman talks with Raghuram Rajan, former Governor of the Reserve Bank of India and former Chief Economist and Director of Research at the International Monetary Fund (IMF), about how community has been weakened, which has allowed competitive markets and governments to get out of balance. They also discuss what jobs will remain after automation takes off even more, mortgage rates and whether we're headed toward inflation or deflation.

Key Takeaways:

[1:24] What the IMF is and how it differs from the World Bank

[6:20] Massive technological change tends to hit an area and hurt before the benefits kick in later

[9:30] After automation comes and takes many of the jobs, there will still be jobs that involve human interaction

[14:51] Is Raghuram seeing inflation, deflation, stagflation or what in the coming years?

[17:34] Are mortgage interest rates artificially low?

[22:17] There's good deflation and bad deflation

Websites:

The Third Pillar: How Markets and the State Leave the Community Behind

Raghuram Rajan at Chicago Booth School of Business

Direct download: AMA_265_Raghuram_Rajan.mp3
Category:general -- posted at: 5:22pm EST

Jason Hartman talks with David Stockman, former budget director for President Reagan, former US Representative for the 95th Congress, former partner at The Blackstone Group and author of the new book Peak Trump: The Undrainable Swamp and the Fantasy of MAGA. The two discuss Reagan's failure to curtail spending like he'd originally wanted, the difficulty Trump is having actually "draining the swamp", the impact of increasing debt on inflation and whether it's sustainable.

Key Takeaways:

[3:01] Reagan got very little in way of his proposed spending cuts, but got a much bigger tax reduction than proposed, then defense spending exploded

[6:42] Trump's problem was that he recognized the economy was failing but didn't have a program to address it

[11:47] Does our escalating deficit mean inflation is on the horizon?

[16:08] Is our private debt really that bad?

[19:53] How investors should position themselves for the next few years

[22:42] We've learned in the last decade that Central Banks can't cause inflation on a worldwide basis

Website:

Peak Trump: The Undrainable Swamp and the Fantasy of MAGA

www.DavidStockmanContraCorner.com

Direct download: AMA_264_David_Stockman.mp3
Category:general -- posted at: 6:39pm EST

Jason Hartman talks with Chris Martenson, co-founder of PeakProsperity.com and co-author of Prosper: How to Prepare for the Future and Create a World Worth Inheriting, about how the era of abundant, cheap energy is gone and our world needs to change with it. That doesn't mean abandoning everything we have now, but just recognizing the actual situation and adjusting our investments/behavior accordingly. Chris and Jason also discuss the future, and whether we're going to see inflation, deflation, or a little bit of both.

Key Takeaways:

[2:03] We're coming up to a time when humans are going to have to organize ourselves in very different ways

[4:48] There are 2 ways humans change

[10:01] It's getting costlier and costlier to get less and less oil out of the ground

[12:36] The easy, cheap energy from the past is gone, which explains why the global growth rate for the last 15 years has been subpar

[18:37] We're beginning to see that raising children in a dopamine heavy technological world is creating issues we hadn't expected when it began

[23:30] We have a lot of debt in our society, so deflation is ready to take over

Website:

www.PeakProsperity.com

Direct download: AMA_263_Chris_Martenson.mp3
Category:general -- posted at: 12:00pm EST

Jason Hartman talks with Jason Franciosa, CEO & co-founder of Element 26, about the time value of money. Both Jason's are concerned about inflation, and the two look at ways you can maintain your leverage so your returns can beat inflation, as well as how you can utilize your home loans to house hack (especially if you're in the military).

Key Takeaways:

[5:15] Jason's 6 ways governments can get out of debt

[7:48] The time value of money

[12:26] You have to have a way to maintain the leverage you have

[17:10] How you can utilize house hacking

Website:

www.JasonHartman.com/Masters

www.Element26.co

Direct download: AMA_262_Jason_Franciosa.mp3
Category:general -- posted at: 9:42am EST

Jason Hartman talks with Dan Amerman, CFA and author of books such as Mortgage Securities and Collateralized Mortgage Obligations: Unlock The Secrets Of Mortgage Derivatives, about how a heavy handed Fed has changed how inflation and housing have correlate to each other, why the Fed reacts to quickly, what the Fed is setting interest rates up to do, and much more.

Key Takeaways:

[2:45] The Federal Reserve is getting more heavy handed as years go by, and hints of a coming recession could lead to more intervention

[7:39] Housing tracked inflation better than gold until the Federal Reserve got real heavy handed after 2001

[12:28] The Fed reacts too quickly to things

[14:07] Dan's prediction of where interest rates are about to head

[19:51] Certain Fed actions and yield curve inversions seem to have a correlation

[23:25] The 2 ways to look at inflation

[26:47] The self-liquidating debt

Website:

www.JasonHartman.com/Masters

www.DanielAmerman.com

Direct download: AMA_261_Dan_Amerman.mp3
Category:general -- posted at: 9:40am EST

In this off-topic 10th show, Jason Hartman speaks with Dr. Gina Loudon, co-host of America Talks Live on NewsmaxTV, certified hypnotherapist, founding writer at Breitbart and official Trump campaign surrogate, spokesperson to Donald Trump's 2016 Presidential campaign and member of the President's 2020 Media Advisory Board. The two discuss the political divide that's present in today's society and whether it's worse now than it's been in the past. They also discuss the 3 types of people in the world and how President Trump is one of the most misunderstood people on the planet.

Key Takeaways:

[4:04] We frequently forget to look at the WHY all this division is going on

[7:05] Are we really divided more now or is it all just sensationalized?

[12:17] The USA is actually living in the most healthy, happy, prosperous and safest times in history

[17:00] The monologue media vs the dialogue media

[18:17] The 3 types of people in today's world

[22:17] Gina says President Trump is one of the kindest and loyal people she's ever met

Website:

www.JasonHartman.com/Masters

www.DrGinaLoudon.com

www.DrGinaShow.com

Direct download: AMA_260_Gina_Loudon.mp3
Category:general -- posted at: 4:49pm EST

Jason Hartman talks with Rohit Talwar, founder of Fast Future Publishing and author of A Very Human Future, about what we can do about the large companies who seem to be in a winner take all society, how life and body hacking are going to change the world, and more.

Key Takeaways:

[3:27] What is value?

[10:30] The 4 views people have of companies like Facebook and Google

[14:06] 3 types of exponential thinking

[18:24] Rohit's example of pooled insurance

[23:08] What are we going to do with the people who are displaced by technology?

[26:13] Body hacking may give us advantages in areas that won't matter in the future due to automation

[27:37] What we need to change in order to have a more optimistic future

Website:

www.JasonHartman.com/Masters

www.FastFuture.com

Direct download: AMA_259_Rohit_Talwar.mp3
Category:general -- posted at: 11:40pm EST

Jason Hartman talks with Dr. David Collum, Professor at Cornell University, about what all happened in 2018 and what we can expect in 2019. Jason and David discuss the skewed nature of CPI numbers, why institutional investors were able to get in to the housing market and what could cause them to get out, the impact of the Federal government potentially bailing out states and more.

Key Takeaways:

[3:03] What happened in 2018, economically speaking?

[7:35] CPI numbers started getting skewed in the 1970s

[11:00] The MIT Billion Price Project

[14:38] Is there any gain from stock buybacks?

[18:20] Ultra low rates allowed institutional investors to come in to the single family housing market

[22:40] People that criticize religion never ask the right question

[24:55] How the next unwinding will happen

Website:

Dr David Collum at Cornell

www.JasonHartman.com/Masters

Direct download: AMA_258_David_Collum.mp3
Category:general -- posted at: 4:07pm EST

Jason Hartman talks to his in-house economist Thomas about the World Economic Forum in Davos and what came out of it. Thomas gives his predictions for the next 2-3 years, why some looming deflation might be a good thing, and whether we're in a 4th leg of the Industrial Revolution.

Key Takeaways:

[2:07] Thomas sees some deflation coming up and doesn't think it'll be that bad

[6:09] Price discovery happens once we've put all the unused assets to work

[9:42] As long as GDP growth + Inflation is higher than the 10 year note, the economy is okay

[17:37] Are the next 5 years going to give us good or are they bringing bad?

[18:46] We're in the midst of the 4th industrial revolution and things are good

Website:

www.JasonHartman.com/Masters

www.JasonHartman.com/Properties

Direct download: AMA_257_Thomas.mp3
Category:general -- posted at: 5:00pm EST

Jason Hartman talks with Harry Dent, author of Zero Hour, about Harry's optimism about our economy, the impact the high end real estate softening is going to have on all of the housing sector, why demographics are NOT looking good for China and other Asian countries, and more.

Key Takeaways:

[00:57] Why is Harry more optimistic about our future than usual?

[3:15] People in San Francisco hate big tech companies like Google because they're driving up costs beyond reason

[5:31] The high end housing market is already softening, but how far down will the slowdown trickle?

[13:28] China's demographics have them looking straight into a disaster

[18:11] The hottest coming sector for the next 10-15 years in the US

[20:58] There are 2 waves of Millennials and the 2nd hasn't entered the workforce yet

Websites:

www.JasonHartman.com/Masters

www.HarryDent.com

Direct download: AMA_256_Harry_Dent.mp3
Category:general -- posted at: 6:54pm EST

Jason Hartman talks with Nobu Su, chairman of the shipping company Today Makes Tomorrow and author of The Gold Man From the East. Back in the 2008 financial crisis, Nobu's company was a $5 million victim of Western bankers. Nobu is now fighting back, suing the institutions that took his money and trying to tell his story so others don't suffer the same fate.

Key Takeaways:

[1:22] What's the status of Su's lawsuit against JP Morgan?

[9:05] How long can our country keep going like we are?

[11:10] What is Nobu Store?

[14:59] The history of Nobu's career

Websites:

www.Nobu.store

www.Twitter.com/Nobu__Su

Direct download: AMA_255_Nobu_Su.mp3
Category:general -- posted at: 8:37pm EST

Jason Hartman talks with Parag Khanna, author of The Future is Asian and founder of FutureMap, about what's really going on in regards to the trade war and its impact on Asia (which doesn't just mean China). The two discuss the role of technology in killing jobs around the world and Asia's impact on global consumption growth.

Key Takeaways:

[1:07] What is Connectography?

[5:59] The premise of The Future Is Asian

[9:09] Parag can tell you who's going to win a trade war with China

[11:03] Technology is killing jobs a lot faster than trade is

[15:33] Most of the consumption growth is coming from Asia

[19:24] International competition is getting bigger and bigger, making any missteps even costlier

[25:23] Companies are shifting entire operations overseas to take advantage of those markets, but that's not necessarily a bad thing for America

Website:

www.ParagKhanna.com

Direct download: AMA_254_Parag_Khanna.mp3
Category:general -- posted at: 6:06pm EST

Jason Hartman talks with Matt Taibbi, contributing editor at Rolling Stone and author of books such as Griftopia and The Divide, about bubbles. The two explore how Fed policy has been leading to bubbles throughout the years, how Wall Street is designed to take advantage of the average citizen and what we can learn from the history of bubbles.

Key Takeaways:

[2:47] There's a pretty decent path from Fed policy to bubbles

[7:17] How the Great Recession came into being

[11:53] Institutions have learned how to create a bubble to profit from, but then also be prepared to make money when their own bubble bursts

[16:00] As long as trades are occuring Wall Street is making money

[17:50] How investment bankers are auctioning off America's infrastructure

[22:30] What is the investor's lesson from the bubble machine?

Website:

www.Taibbi.SubStack.com

www.RollingStone.com

Direct download: AMA_253_Matt_Taibbi.mp3
Category:general -- posted at: 10:15pm EST

Jason Hartman talks with Steven Blue, author of Metamorphosis, about changing your business in today's economic environment. Steven explains what's happening in the Rust Belt, the impact tariffs are having, and the state of manufacturing in the United States.

Key Takeaways:

[1:48] What's going on in the Rust Belt?

[4:27] Even with even tariffs, the circumstances each country allows their companies to have makes trade unequal

[9:20] The mainstay of the US is still manufacturing, but it's eroding because of fat, happy CEOs

[16:21] Can the "Rust Belt businesses" play the same game as the high tech companies?

[19:12] A quick tip on company culture: have a Cirque du Soleil culture

[22:58] The new way of going to trade shows

Website:

www.StevenLBlue.com

Direct download: AMA_252_Steven_Blue.mp3
Category:general -- posted at: 4:29pm EST

Jason Hartman talks with Steven Landsburg, Professor of Economics at Rochester and author of Can You Outsmart an Economist, about the big economic questions of the day. Steven explains why central planning will never work, the "Economic Berlin Wall" Jason proposes, and why more sex is safer sex (and how that applies to economics).

Key Takeaways:

[5:25] It's virtually impossible for central planners to get economic issues right

[9:55] How minimum wage is taken care of by the Earned Income Tax Credit

[13:14] The "Economic Berlin Wall" in today's society

[22:55] Using economics when considering the world's population

Website:

www.TheBigQuestions.com

Direct download: AMA_251_Steven_Landsburg.mp3
Category:general -- posted at: 5:39pm EST

In this off topic 10th show, Jason Hartman talks with Jeffrey Gitomer, New York Times Best Selling Author of The Little Red Book of Selling and Truthful Living: The First Writings of Napoleon Hill, about some of the great mentors that the two have had in their lives which include Napoleon Hill and Earl Nightingale. They look at what history can teach us, the right way to approach sales, and the challenges we have to face to do the right thing in today's world.

Key Takeaways:

[5:56] The challenge to do the right thing in our society has never been at a higher level than it is today

[10:38] The 5 point rule

[15:59] The 7 Success Rules

[19:53] If you have the right service and attitude heart, sales will be easy

[26:06] If you want to learn something new, read a book that's 60 years old

Website:

www.Gitomer.com

Direct download: AMA_250_Jeffrey_Gitomer.mp3
Category:general -- posted at: 5:00pm EST

Jason Hartman talks with Venture Alliance member Mike Zlotnik about cap rates in today's interest rate environment. Mike explains what happens to cap rates (and commercial real estate investing as a whole) when interest rates start rising. After years of artificially low interest rates, we're starting to see rates finally rise, so strap in and learn how to navigate the waters and get some real life numbers of the true impact.

Key Takeaways:

[1:52] We are definitely in the period of abnormally low interest rates, and the Fed is raising them at a pretty rapid pace

[5:03] We've been spoiled by artificially low interest rates

[7:52] The inverse relationship between cap rates and prices

[12:28] A real life example of the impact of higher interest rates

[16:27] We live in a world where the Federal Reserve and the Treasury don't have to make sense

[21:43] Can the US government afford high interest rates?

[25:59] Why are rates going higher?

[28:58] How to prepare for higher rates

Website:

www.BigMikeFund.com

www.TempoFunding.com

Direct download: AMA_247_Mike_Zlotnik.mp3
Category:general -- posted at: 11:00am EST

Jason Hartman plays some of his segment from the latest Cash Flow Wealth Summit where he talks about the 6 ways the US government can solve their $220 trillion obligation and which one we can take the most advantage of as investors.

Key Takeaways:

[2:57] The difference between money and currency

[5:50] The 3 basic economic maladies

[8:01] The entitlement society isn't going to change, so align your interests

[9:45] We must understand the motivations of governments and central banks

[11:43] The 6 ways the government can deal with the looming entitlement bill

[19:23] The most likely solution the government will choose

[23:02] Inflation is the most powerful method of wealth redistribution from lenders to borrowers, old to young

Website:

www.JasonHartman.com/Properties

Jason Hartman's Flash Briefing

The PropertyCast

Direct download: AMA_246_6_Ways.mp3
Category:general -- posted at: 12:00pm EST

Jason Hartman talks with Ross Baird, President at Village Capital Group and author of The Innovation Blind Spot, about where all the startup money is going these days. Venture capital is flowing to tech and everyone's trying to hit a home run, not a bunch of singles. Ross discusses the danger of our current "winner take all" mentality, some options for what to do with the big companies like Google and Facebook, and why sometimes looking in your back yard for an investment is the way to go.

Key Takeaways:

[2:48] Where is all the startup money going?

[5:57] Most people in positions of power and influence are unintentionally leaving out entire swaths of the population

[8:47] We're living in a "winner take all" type society right now

[11:18] The 3 options for what needs to happen to these big public companies

[15:04] You don't always have to look for the next big thing, sometimes you just have to look at what's going on right around your home town

[19:06] Everyone goes for location in real estate, but the better yield is in the non-trophy property

Website:

www.VilCap.com

Direct download: AMA_245_Ross_Baird.mp3
Category:general -- posted at: 3:25am EST

Jason Hartman takes today's episode to look at inflation, the trade war, and how the economy lags behind things like these. To help him with that dissection he brings in one of the new additions to his team, in house economist Thomas. Thomas helps Jason decipher his charts that show how the home sales change along with inflation and mortgage rates. All of these things add up to important tools you can use as you prepare your portfolio for the next recession we all know is going to show up sooner rather than later.

Key Takeaways:

[1:40] What you see when you compare the 30 year mortgage rate to existing home sales

[6:02] Inflation has been announced as mild recently, but how does it impact the economy and attitudes in general?

[7:37] What does the trade war mean for inflation?

Websites:

www.JasonHartman.com/Properties

Direct download: AMA_244_Thomas_Young.mp3
Category:general -- posted at: 9:00am EST

Jason Hartman talks with Matthew Gardner, Chief Economist at Windermere Real Estate. The two discuss what's going on in the macro US economy, what's going on with home inventory levels, some of the easiest ways to lower home prices, and the Millennial's (mostly futile) quest to save up for a down payment and more.

Key Takeaways:

[1:34] What's Matthew's take on what's going on in the macroeconomy

[4:22] What's going on with new home development? Will there be any break in inventory shortgage?

[8:35] The easiest way to lower home costs and ease the inventory crisis is by easing regulatory burdens

[12:10] Millenials are having a hard time saving up for a down payment and are asking for a loan from the bank of Mom & Dad

[14:56] Milennials want to live in the "exurbs" in townhomes, but home prices are pushing them out further

[17:21] It's taking a credit score of 740 to get a mortgage loan these days, but even if more people become eligible there's no inventory

[20:32] Factors that could trigger the next business cycle recession and what the next recession might look like

[24:50] Who are the "Boomerang Buyers" and how might they impact the single family rental rate growth?

Website:

www.Windermere.com/Economics

Direct download: AMA_243_Matthew_Gardner.mp3
Category:general -- posted at: 5:01pm EST

Jason Hartman talks with Bill Janeway, an active venture capitalist, director of Magnet Systems and O'Reilly Media, Chairman of the Board of Trustees of Cambridge in America, and author of the recently revised and updated book Doing Capitalism in the Innovation Economy. The two discuss the 3 player game and the government's role on both the supply and demand side of the market, the digital revolution and the coming green revolution.

Key Takeaways:

[1:27] How the thesis of the 3 player game came about

[5:24] There are markets that need government pushing the supply side of things for driving innovation, but sometimes the government even needs to be on the demand side, adding income to support the economy

[9:17] If the government hadn't jumped in on the demand side in the 2009 recession history has shown us what would have happened

[11:21] Wherever there's a market for assets there will be bubbles

[17:05] Why the digital revolution made Bill extend his book

[24:05] We've got a new challenge, a new technological revolution, which is the need for a new, green revolution

Website:

www.BillJaneway.com

Direct download: AMA_242_Bill_Janeway.mp3
Category:general -- posted at: 4:23pm EST

Jason Hartman talks with Ben Way, CEO of Digits, about how the future is going to look in the first part of their interview. The two start off discussing how Digits is going about turning regular credit cards into Cryptocards that allow you to spend your cryptocurrency but also hedge that purchase for a year. Then the two discuss the changes that automation is going to bring to our society, from dating to working, to risk aversion. Information is more available than ever before, is that actually holding us back?.

Key Takeaways:

[1:17] How Digits converts your existing credit cards into crypto cards and gives you up to a 1 year hedge on your currency

[4:33] How the 1 year hedge is made possible

[8:47] Every innovation leads people to fear that everyone was going to lose their job and be displaced, but it's never really happened. Is this time different?

[12:19] What people forget about automation

[16:22] How do the logistics and hard drives of robots work?

[19:33] The plethora of information is making kids more risk averse

[23:15] The two things we get wrong when it comes to education

Website:

www.RainmakersGlobal.com

Direct download: AMA_241_Ben_Way.mp3
Category:general -- posted at: 4:33pm EST

Today's 10th episode features Jason Hartman talking with Mike Starks about the state of America's health and how most of it can be solved with our eating habits. The two discuss the dangers of sugar, the importance of sleep, and the most important aspects of a diet that don't involve exactly what you're eating.

Key Takeaways:

[4:12] America is the most nutritionally educated culture in the world, yet we're the most obese due to getting it wrong 40 years ago

[6:34] When fat is taken out of food, sugar is added in its place

[10:15] If you eat right and get good sleep you're 90% of the way to health, even without exercise

[13:39] If eating right isn't easy and taste good, you're not going to stick with it

[18:02] What's the solution to America's health problem?

[22:33] What the subscription plan entails

[26:45] Keep it simple so it become consistent

Website:

www.JasonHartman.com/Food

Direct download: AMA_240_Mike_Starks.mp3
Category:general -- posted at: 6:47pm EST

Jason Hartman talks with Matthew J Martin, founder & CEO of Blossom Finance, about how Islam views cryptocurrencies and what Sharia law says about debt and investing. The two examine what exactly Islam says about various actions, and how that impacts all facets of life for around 20% of the world.

Key Takeaways:

[2:24] How Matthew views micro financing

[6:23] Why is it important to know what Muslims think about debt and cryptocurrencies?

[8:56] What about the Muslim investors today? Are they following Sharia law or not?

[13:06] Sharia law allows credit sales, you just can't have a 3rd party solely giving money

[16:18] Islam is about risk participation

[21:06] What is the Islamic view of cryptocurrencies?

[25:03] The law of the land is supposed to trump Sharia law, but that doesn't seem to be the view of many Muslims who are immigrating

Website:

www.BlossomFinance.com

Direct download: AMA_239_Matthew_Martin.mp3
Category:general -- posted at: 7:13am EST

Jason Hartman talks with John Tamny, director for the Center for Economic Freedom, Editor of Real Clear Markets, and author of Who Needs the Fed?: What Taylor Swift, Uber, and Robots Tell Us About Money about why he believes the Fed doesn't have anywhere near the power they're given credit for, why their policies aren't effective in today's world, and why demographics may not be as useful as they're believed. John & Jason also discuss the impact of automation on all aspects of our life. John is excited about what all of this change will mean for the common worker and believes it will lead to higher quality of life for all.

Key Takeaways:

[1:58] How Uber made John realizing something about the Fed

[5:41] The importance of the Fed is vastly overstated

[10:43] The idea that the rest of the world is in on some deal where they hold worthless treasuries isn't realistic

[13:40] Demographic arguments regarding Japan don't hold a lot of weight with John

[17:27] Money flows to its highest use, regardless of the Fed

[21:55] Automation is going to lead into a surge in new kinds of jobs

[26:37] The demand for entertainment and service is going to explode

[28:26] Tamny's Law: as prosperity grows more and more people escape laziness because they find work they love

[30:06] John's thoughts on Universal Basic Income

Website:

www.RealClearMarkets.com

Direct download: AMA_235_John_Tamny.mp3
Category:general -- posted at: 4:15pm EST

Jason Hartman talks with Samson Williams, co-founder at Axes and Eggs, about the state of cryptocurrencies, especially in regards to fundraising. Samson discusses the current thoughts of the SEC on utility tokens, and explains the steps you need to take to launch an ICO, how much customer acquisition is running these days, why you SHOULDN'T pay your advisors in cryptcurrency, and more.

Key Takeaways:

[5:10] Is the SEC going to come after utility tokens?

[9:17] How long does it take to set up an ICO?

[14:58] What are the steps to launching an ICO?

[18:35] Develop a budget before going out and hiring

[22:54] The basic customer acquisition cost was $36/person, but it's bringing in less and less money in investments

[26:18] Are the days of big ICO fundraisers over?

[28:19] Why you should pay your advisers in cash

Websites:

www.AxesAndEggs.com

www.CoinSchedule.com

www.ICOAlert.com

Direct download: AMA_237_Samson_Williams.mp3
Category:general -- posted at: 12:00pm EST

Jason Hartman talks with Adam Andrzejewski, founder & CEO of www.OpenTheBooks.com, about wasteful government spending and how President Trump is doing at stemming the tide. Open the Books' mission is to track "every dime, online", even going so far as to have an app where people can follow the money in as close to real time as possible.

Adam discusses how pervasive the pork barrel spending is, how large the trough has grown, and what areas are most ripe for trimming.

Key Takeaways:

[1:16] Why is Open the Books different from other government spending watchdogs?

[4:56] How is the Trump administration doing when it comes to government spending?

[9:12] Absurd levels of grants ($600 billion) were given out in the final year of Obama

[11:49] Pork barrel spending knows no party affiliation

[15:49] It's our constitutional right as citizens to see all the expenditures of our government

[20:18] 2016s highest bonuses

Website:

www.OpenTheBooks.com

Direct download: AMA_236_Adam_Andrzejewski.mp3
Category:general -- posted at: 4:42pm EST

Jason Hartman talks with Pat Donohoe, author of the new book Heads I Win, Tails You Lose, about the habit of most Americans to delegate their investing, what we should be doing today financially, the use of debt in our country and more.

Key Takeaways:

[2:09] The average American has delegated most of their life to 3rd parties

[5:21] The drive to save money now for the future and retirement is so that you can achieve freedom

[8:09] What should we be doing today for ourselves financially?

[13:00] Think of your employer like a customer, you want to keep them happy but you also want to maximize your revenue

[17:17] The entire country is based in debt

[20:00] The true narrative is to be smart with your money, not to get rid of debt

[26:28] Start to focus on the now rather than the mirage of the future, and start by taking the wool off your eyes when it comes to the banking system

Website:

www.HeadsOrTailsIWin.com

Direct download: AMA_235_Pat_Donohoe.mp3
Category:general -- posted at: 4:50pm EST

Jason Hartman talks with Dan Rutherford, deputy director for the Office of Customer Education and Outreach with the US Commodity Futures Trading Commission, about some incidences of fraud in options trading that his office is seeing, and what signs you can look for to make sure you're not scammed. The rise in prominence of cryptocurrencies has brought plenty of scam artists into the arena, and they're currently focusing education on binary options.

Key Takeaways:

[3:06] What kind of fraud is going on in options?

[7:15] The main things you should be watching out for to recognize a scam

[12:53] There's a whole lot more education on cryptocurrencies needed in the general public

[15:47] Some tips to avoid fraud and how to help out others who may be being taken advantage of

Website:

www.SmartCheck.gov

Direct download: AMA_234_Dan_Rutherford.mp3
Category:general -- posted at: 4:46pm EST

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 EST

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 EST

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 EST

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 EST

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 EST

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 EST

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 EST

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 EST

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 EST

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 EST

Jason Hartman talks with Cullen Roche, founder of Pragmatic Capitalism, about macroeconomic events going on today, how Cullen studies the markets, why bonds are more attractive than many believe, and the investment strategy you have to adopt when investing in cryptocurrencies today. The two also take a look at the banking industry, money supply, and asset inflation.

Key Takeaways:

[1:53] What does Pragmatic Capitalism really mean?

[10:26] The macro-economy still looks healthy

[13:40] Cullen looks at the economy like an engineer in order to try and understand what's going on

[17:18] Bonds are probably more attractive than most people believe

[20:10] Cryptocurrencies have become a "greater fool theory" investment

[24:32] Asset inflation is real and it's becoming harder and harder to get into the investor class

[28:50] The banking industry is what creates most of the money in our economy

[31:08] One of Cullen's outlandish theories

Website:

www.PragCap.com

Direct download: AMA_222_Cullen_Roche.mp3
Category:general -- posted at: 12:00pm EST

Jason Hartman talks with Harry Dent, author of the new book Zero Hour, about current demographic trends and what they means for our society (assuming fiscal and monetary policy doesn't go haywire), as well as how long technology takes to go mainstream and impact society, the impact of sunspots on our economy, environment, and psychology, why the new tax reform is the cure for the problem that doesn't exist, and more.

Key Takeaways:

[1:55] What does Harry learn by looking at sunspots?

[6:10] There's both global warming and cooling going on right now thanks to sunspots

[8:08] Harry does NOT believe this is the time to be cutting taxes

[11:08] The greatest BS economic recovery in history

[14:12] How much does money trickle in this consumption driven economy that needs growth?

[17:05] Nobody takes downturns into consideration when planning the future

[20:39] When are we likely to see a spike in life expectancy?

[23:50] The wild card in predictions using demographics is the government's monetary & fiscalpolicy

[27:19] Why we're going to have a big revolution if things don't change

Website:

www.HarryDent.com

Direct download: AMA_221_Harry_Dent.mp3
Category:general -- posted at: 3:25pm EST

In this 10th Episode Jason Hartman talks with Vijay Eswaran, founder and Executive Chairman of QI and author of Two Minutes from the Abyss. The two discuss the importance of a sense of urgency, living in the moment, and why you need to look at the issues rather than the people trying to influence you.

Key Takeaways:

[2:21] Why a sense of urgency is so crucial

[5:50] How the book got its name (and where Vijay got his sense of urgency)

[8:19] HOW do you start living in the moment and being appreciative

[11:06] How a misdiagnosis for one of Vijay's friends was one of the best things that happened to his life

[14:44] It's more important to listen to the issues rather than be influenced by personalities

Website:

www.VijayEswaran.com

Two Minutes From the Abyss

Direct download: AMA_220_Vijay_Eswaran.mp3
Category:general -- posted at: 9:21pm EST

Jason wraps up his interview with Macro Watch's Richard Duncan. The two tackle the topic of rising interest rates, better uses for going into further debt than giving it to tax reform, how the Fed will react to a tanking stock market, and what we can expect to see over the next few years.

Key Takeaways:

[00:45] What people don't realize about interest rates

"People buy houses on a payment, not a price"

[1:56] What the Fed will do if the market drops 10% and what else will happen if it drops 20%

[5:15] What Richard wishes the government had done with the $1 trillion in new deficits that will occur from the new tax reform

[9:50] Why Richard thinks the government can invest as wisely as private companies

[14:16] What are the next few years going to look like?

[16:49] People need to get very familiar with quantitative tightening

Websites:

www.RichardDuncanEconomics.com
(promo code: GLOBAL for 50% off)

Direct download: AMA_219_Richard_Duncan_2.mp3
Category:general -- posted at: 6:51pm EST

Jason Hartman welcomes Richard Duncan back to the show to discuss what's going on with fiscal policy and interest rates right now. In the first half of the interview Richard talks about how the trade imbalance with China has enriched the nation and brought millions out of poverty, as well as how the general public has no idea how much the Fed is actually tightening, and how that will impact interest rates.

Key Takeaways:

[2:45] Jason's theory on asset inflation and what it means if the millennials don't join the investor class like the baby boomers did

[5:22] Why the future from an Asian perspective is much brighter than from a US perspective

[7:31] Who's gotten the better end of the China/US trade imbalance?

[13:08] Richard believes the Fed is tightening more than people are understanding

[17:17] The Fed has been destroying at least $10 billion a month since October 2017 and it's going to get bigger

[19:52] The Fed will have destroyed $1 trillion by the end of 2019 if they follow through on their announced plan

[22:01] Is the Fed likely to make a course correction if rates go too high?

Websites:

www.RichardDuncanEconomics.com
(promo code: GLOBAL for 50% off)

Direct download: AMA_218_Richard_Duncan_1.mp3
Category:general -- posted at: 10:14pm EST

Jason Hartman takes a deep look into ICOs and what it takes to fundraise for them. Shane Liddell is CEO at Cryptologist & co-founder of the Cryptoconomy Summit, and he provides insight into how fundraising has changed recently, how to properly spend money to raise money for your ICO, and how to overcome marketing problems created by big companies such as Google, Facebook, and Twitter when they banned crypto ads.

Key Takeaways:

[4:28] How do you raise money for a cryptocurrency?

[8:18] How much does it cost to do an ICO?

[12:12] Marketing troubles now that companies like Google, Facebook, and Twitter have shut down cryptocurrency advertising

[17:29] What's the minimum for an ICO?

[20:40] What do you actually spend the money on when you're raising money?

[22:46] How do you market ICOs when big companies are shutting you out?

[28:25] How you must always approach an ICO

Website:

www.CryptoconomySummit.com

Direct download: AMA_217_Shane_Liddell.mp3
Category:general -- posted at: 4:55pm EST

It's time to take another deep look into rates and ways to finance your properties. Jason talks to lender Aaron about what's going on in regards to rates today, how it's been changing in the last few months, and where to expect it to go in the future.

The two discuss how higher interest rates don't necessarily mean your investments can't make sense. Higher rates also mean more write offs on your taxes, plus your tenant is still paying your debts. So you might have lower cash flow, but it can still be a great inevstment that gets better over time with your locked in rate.

Key Takeaways:

[5:05] Every new regulation requires someone be hired to make sure the lenders are adhering to it, which raises costs

[7:08] What kind of rates can you get today with 20% down?

[10:16] Are people still taking out adjustable rate morgages for investment properties?

[13:02] You need to get your mindeset right when it comes to your real estate business. It's not always strictly about the cash flow

[18:47] The inverse correlation between bonds and rates

[20:49] The best strategy ever is to lock in as many 30 year fixed rates as possible

Website:

www.JasonHartman.com/Properties

Direct download: AMA_216_Rate_Hikes.mp3
Category:general -- posted at: 10:53pm EST

Jason Hartman welcomes William Cohan, New York Times columnist, special correspondent for Vanity Fair, former contributor to Bloomberg View, and author books such as Why Wall Street Matters, The Last Tycoons, and House of Cards.

William tells Jason his views on the Trump administration, why Donald has had a hard time draining the swamp and who really is to thank for the low unemployment rate and the steady economy.

Key Takeaways:

[1:13] The Trump administration, leverage and cleaning out the gears of the machine that is the US economy.

[7:24] A grand bargain with Wall Street would mean revamping much of its incentive system.

[13:40] Draining the swamp is harder to do than it looks.

[13:23] What we should expect out of the economy and employment.

Website:

www.WilliamCohan.com

Direct download: AMA_215_William_Cohan.mp3
Category:general -- posted at: 4:52pm EST

In the final part of Jason's interview with Andrew Zatlin, the two take a look at whether the future of our economy is inflationary or deflationary. The two also look at the impact of technology on inflation, how it impacts the rental markets, and where the volatility in our economy will be in 2018.

Disclosure: this interview was recorded prior to the GOP Tax Reform being written and passed

Key Takeaways:

[1:17] The proof in the inflation pudding is shipping costs

[6:32] The economy is strong in the background

[8:16] Warehousing had a huge impact on the start of the internet

[10:55] When you reach the point where payroll and population growth are the same you don't get wage inflation

[15:20] When housing affordability is low and prices soften, the rental market strengthens

[19:15] Where 2018 volatility will come from

Website:

www.MoneyballEconomics.com

www.TheMoneyballTrader.com

Direct download: AMA_214_Andrew_Zatlin_2.mp3
Category:general -- posted at: 6:15pm EST

In the first part of Jason Hartman's interview with Moneyball economist Andrew Zatlin, the two of them take a deep look at what's going on in the housing market through the lens that Andrew uses. He looks at hiring patterns of home builders, and has seen a distinct problem in their search for labor. So many industries are hunting for labor that it's creating a bottleneck.

The two also look at short-term rentals, hotel vacancies, the Fed's monetary policy, and what's creating the demand for housing.

Key Takeaways:

[1:16] Andrew likes to check in with companies about what they're doing in regards to hiring

[3:45] Home builders can't hire enough people right now. The bottleneck is labor because there's a LOT of competition for it

[6:42] One question we need to ask is: what's creating all this demand for housing?

[10:47] The environment today makes it more attractive to buy rather than rent

[16:37] Do short-term rental providers need to worry about oversupply?

[18:56] Hotel vacancy rates tipped into the negatives this past year because of short-term rentals exploding in popularity

[21:36] Demand will create supply, but sometimes supply can create demand

[25:27] The Fed is on a trajectory of tightening

Website:

www.MoneyballEconomics.com

Direct download: AMA_213_Andrew_Zatlin_1.mp3
Category:general -- posted at: 5:38pm EST

Jason Hartman welcomes Connor Boyack, author of the Tuttle Twins children's book series, and founder of Libertas Insitute, to discuss the need for education about our rights and liberties to be taught to children at a young age. The Tuttle Twin series is aimed at taking important pieces of adult literature and distilling them into key points to emphasize in a way a child can understand.

Jason and Connor dive into subject matter including how government and powerful entities erode our freedoms through fear, whether cryptocurrencies will stick around for the long haul, and how we can actually act to improve our situation.

Key Takeaways:

[2:08] Critical thinking is on the outs in our society

[4:52] The way the system has been set up is totally rigged and takes too much effort to fully understand

[8:50] As a society we have no incentives to change our ways

[10:48] Connor's life as a prepper was not a healthy one, and why he likes cryptocurrency

[14:00] Jason doesn't believe cryptocurrency will truly catch on because it's a director competitor with central banks and governments

[18:14] Will governments shut down cryptocurrencies?

[21:16] The government is eroding our freedoms in the name of "protecting the little people"

[24:49] Some more subtle ways in which our fears are being used against us, such as avian flu, swine flu, Y2K, etc

[28:11] Europe has become a disaster through socialism, immigration, and political correctness

[29:39] Connor's long play to improve society

Website:

www.TuttleTwins.com (promo code "liberty")

www.Twitter.com/TuttleTwins

The flip side of having individual liberty is having personal responsibility and accountability

We are so acted upon, rather than acting

Direct download: AMA_212_Connor_Boyack.mp3
Category:general -- posted at: 12:00pm EST

Jason Hartman talks with Daniel Amerman, CFA, about the need for legitimate economic data and whether we can get any of that from the government. The two also take a deep look at our nation's rising debt and what that means for the US currency moving forward.

Key Takeaways:

[2:42] Daniel recently reverse engineered the Congressional Budget Office's long term economic outlooko

[6:32] Is the CBO a credible source of information?

[8:41] Technically there's no such thing as an unfunded liability

[13:47] What does a heavily indebted nation mean for the investor?

[15:57] "It's crucially clear that, when you have a $20 trillion national debt, that interest rates can't rise too much"

[19:48] Why Jason hates hedonic indexes

[23:39] There's a lot of inflation that we either don't see or we don't acknowledge

[28:12] A 2% higher rate of inflation is magic for maintaining financial solvency

[31:23] When everyone learned that stocks were the magic wealth building machine they bid the prices of stocks so high the dividends crashed, which ruined the wealth creation

[34:02] Daniel is a huge fan, not of income property, but of the mortgage

Website:

www.DanielAmerman.com

Direct download: AMA_211_Daniel_Amerman.mp3
Category:general -- posted at: 5:56pm EST

In this 10th episode interview, Jason talks with serial entrepreneur Peter Sage, author of 5 Keys to Master Your Life, about his recent 6 month stay in jail and how he was able to use that as a teaching (and learning) experience for himself, the inmates, and his students.

The two touch on the importance of identity, the need for ego strength & ego drive, what drives people, and more.

Key Takeaways:

[2:29] Peter's latest "adventure" that landed him in jail

[6:55] Identity plays a huge part in how you deal with life

[12:46] Peter's idea of a "contrast frame"

[15:03] Why do people give up at the first sign of adversity? The difference between ego strength & ego drive

[17:14] Most people are driven by G.O.O.P.

[21:37] We need to learn how to love more

Websites:

www.PeterSage.com

Man's Search for Meaning by Viktor Frankl

Direct download: AMA_210_Peter_Sage.mp3
Category:general -- posted at: 12:00pm EST

Fake news is abound in our country, and it's getting harder to figure out what to believe and what not to. David Mondrus, however, has founded Trive, which uses the blockchain to stop the spread of fake news through crowd sourcing.

Jason Hartman talks with David about how the blockchain is able to do that, why cryptocurrencies won't be shut down by the government, the transformation of Bitcoin, why Trive is releasing their own coin, and more.

Key Takeaways:

[1:51] How Bitcoin and Blockchain are related

[3:37] Is there more than one blockchain?

[10:25] Is this all just a bunch of fake work using vast quantities of energy?

[13:35] Bitcoin's transformation over the past few years

[16:08] Bitcoin represents a fundamental change in society

[17:35] Why government cryptocurrency won't be the one that succeeds

[21:51] The friction in money movement and why it's different with Bitcoin

[25:44] How blockchain can provide a way to avoid things like "fake news"

[30:20] Figuring out what news should be trusted BEFORE you consume it could stop fake news from happening

[31:56] Why Trive needs to release a new coin rather than using an existing one

[35:50] How the SEC is inserting itself into the cryptocurrency world

Website:

www.Trive.news

"Bitcoin represents a fundamental change to society equal to the printing press"

Direct download: AMA_209_David_Mondrus.mp3
Category:general -- posted at: 5:06pm EST

Jason Hartman went on The Financal Survival Network with Kerry Lutz on October 16, 2017, to discuss what's going on in real estate around the country, if we're approaching the top of the market, what's happened to the banks that were "too big to fail", Blockchain technology, and more.

Host Kerry Lutz and Jason also take a dive into the mortgage crisis of 2008, and whether it could make a comeback in today's environment.

Key Takeaways:

[2:26] Where are the assets?

[7:02] Why it's important to remember that you can't hear the dogs that don't bark

[9:07] Too big to fail has gotten even bigger

[12:34] Jason saw the first part of the mortgage crisis coming, but didn't see the second part that involved Wall Street coming at all

[17:37] Blockchain technology is phenomenal, but it's not Bitcoin, which you HAVE to remember

Website:

www.FinancialSurvivalNetwork.com

www.JasonHartman.com

Direct download: AMA_208_Kerry_Lutz.mp3
Category:general -- posted at: 1:44pm EST

Jason Hartman talks with Congressman Dr. Paul Broun about what's going on in Washington in regards to policy and the constitutionality of it all. This was recorded prior to the GOP Tax Reform bill passing, but Dr. Broun is a proponent of a tax system that's more in line with a flat tax.

The two discuss the irrational belief people have that the marketplace won't react to actions the government takes, as well as why the corporate tax rate needs to be reduced (and who that ultimately helps). They also discuss how to make change actually happen, and whether getting rid of the federal income tax is feasible and if it'd be harmful for the economy on the whole.

Key Takeaways:

[2:20] The major principle of most politicians is re-election

[5:37] It's unrealistic to think that people are going to stop voting for things that are in their immediate best interest

[12:32] Many people seem to not think about the fact that the marketplace reacts

[16:28] Corporations don't actually pay the corporate tax, it's the consumer who bears the weight

[22:04] Making change happen is very hard, everything has been going to the left for at least 50 years. Paul wants to get rid of a lot of federal departments

[25:33] Would getting rid of the federal income tax and moving to a sales tax harm the overall US economy?

Website:

www.PaulBroun.com

Direct download: AMA_207_Paul_Broun.mp3
Category:general -- posted at: 12:00pm EST

HAPPY NEW YEAR!!! 2017 is in the rear view mirror and we're meeting 2018 straight on. Today, Jason Hartman talks with Danielle DiMartino-Booth, author of FED UP! and founder of Money Strong, about her thoughts on the new tax reform bill, whether the corporate repatriation will improve the economy, cryptocurrency, the US shrinking labor force and more.

Key Takeaways:

[1:29] Danielle's thoughts on the new GOP Tax Reform

[4:58] Share buybacks have slowed, why is that important?

[7:38] We have no idea what the unwind of the biggest experiment in monetary policy will look like

[10:29] Why the biggest bubble out there today is the confidence bubble

[11:24] Danielle's opinion of the cryptocurrency world today

[13:56] The best comparison for the cryptocurrency mania we see today

[17:14] The United States has had a shrinking work force for 20 years now

[18:10] We have GOT to change our education system so we can be competitive on the global stage

[20:19] Some bullet points about what Danielle will be discussing during her speech at Meet the Masters

Websites:

www.JasonHartman.com/Masters

www.JasonHartman.com/Contest

www.DiMartinoBooth.com

www.Twitter.com/DiMartinoBooth

Tweets:

So much of this tax law depends on unicorns existing that I just don't know how much faith we can put in it

2017 has been a record run rate for quantitative easing globally

You can't tell me that anything is a storer of value that can lose 25% in a week

Direct download: AMA_206_Danielle_DiMartino_Booth.mp3
Category:general -- posted at: 9:00am EST

Jason Hartman is proud to announce the latest addition to the 2018 Meet the Masters of Income Property event, Ken McElroy.

Ken is a Rich Dad Advisor and entrepreneur who is an expert in investment analysis, property management, and property development. He's responsible for over $700 million investment dollars in real estate.

Ken is the author of the best-selling books The ABC’s of Real Estate Investing, The Advanced Guide to Real Estate Investing, The ABC’s of Property Management, and most recently his book on entrepreneurship: The Sleeping Giant.

Website:

www.JasonHartman.com/Masters

www.KenMcElroy.com

Direct download: AMA_Ken_McElroy_Announcement.mp3
Category:general -- posted at: 11:23pm EST

Jason Hartman talks with Ryan Schellhous, founder at IndigoSpire CPAs & Advisors, about the new tax plan. The two start off with a 30,000 foot overview of the plan, then drill down into specific components of the plan as they figure out who is going to be helped and who may not see as much of a benefit under the plan. Ryan explains the biggest revenue raisers and "losers" under the new bill, and some of the most important pieces that will impact individual filers.

Key Takeaways:

[3:10] The 30,000 foot overview of the GOP Tax Reform

[5:06] Will this tax reform create a repatriation of wealth back to the US?

[8:56] The move that mobilized the GOP forces toward tax reform

[10:53] The 2nd most important thing in the tax plan was the widening of tax brackets and lowering of rates for individuals

[13:03] The standard deducation has been increased, which should increase the number of simple 1040s being filed

[16:04] The single largest revenue raiser in the entire bill

[18:16] The change in mortgage interest deductions could cause a dampening in the high end real estate market

[20:46] The Alternative Minimum Tax isn't gone, but it's gone through an overhaul

[22:38] Pass-through businesses are getting a 20% deduction

[29:36] The accelerated bonus depreciation is enormous for real estate investors

[33:08] Changes to the 1031 Exchange rule

[37:12] The carried interest rules have changed as well, impacting the hedge fund managers trading techniques

[39:00] 529 plans (education plans for children) can now be used to pay for private schools

[39:34] Some tax changes that were EXPECTED but didn't end up happening

Website:

www.JasonHartman.com/Masters

www.JasonHartman.com/Contest

www.IndigoSpire.com

Direct download: AMA_205_Ryan_Schellhous.mp3
Category:general -- posted at: 8:41pm EST

Bitcoin is in the news, and there's an amazing rush on cryptocurrencies and seemingly a new coin coming out every day. So it's becoming more obvious that we're in a bubble.

But what's the real future of cryptocurrencies?

Jason Hartman talks to Tama Churchouse, co-founder of Churchouse Publishing Limited and lead cryptocurrency analyst at Stansberry Churchouse Research, about what's going on in the world of cryptocurrency. Tama explains the differences between things like Bitcoin and Etherium, and the two look into what the government's future role in cryptocurrency will look like.

Key Takeaways:

[1:14] Why is there a sudden runup in cryptocurrencies?

[5:53] The average transaction fee for Bitcoin is making it impossible to scale

[9:58] There are currently over 1,500 different cryptocurrencies with a market cap of around $520 billion

[11:54] There are currently protocols being written on the blockchain that you can buy into

[14:28] An explanation of "CryptoKitties" and how it can be applied to other avenues

[15:58] Etherium created a standardized token and how it's aiding in ICOs

[18:06] Etherium doesn't scale and is expensive to use, creating some serious drawbacks

[19:20] How Tama learned about cryptocurrency

[26:01] Is decentralized decision making really a good idea or will it just bog everything down?

[30:14] Cryptocurrency isn't really a great investment at the moment (perhaps it will become one), so what do we do with it today?

[32:34] Bitcoin mania has people declaring it a storer of value, but it takes at LEAST a generation to be able to make such a claim

[34:54] Will the government let cryptocurrencies go on (and can they even squash it if they try)?

[38:03] Tama believes 2018 will bring a wave of regulations on to cryptocurrencies

[40:52] How Tama would destroy Bitcoin if he really wanted to

[43:46] One cryptocurrency you SHOULD NOT BUY

Website:

www.StansberryChurchhouse.com

www.CoinMarketCap.com

"The government doesn't like competition in anything, especially currency"

"ICOs are, by far and away, Etherum's biggest proof of concept use case at the moment"

Direct download: AMA_204_Tama_Churchhouse.mp3
Category:general -- posted at: 9:39am EST

Jason Hartman talks with Ed Mermelstein, founding partner of Rheem Bell & Mermelstein LLP, about what the GOP tax plan will likely do to foreign investment in US real estate. Ed describes how foreign investors are CURRENTLY investing in the US, and whether this plan will make the money flow in to the country or go running away to other countries. This impact will have especially large effects on big name markets like New York, San Francisco, and Los Angeles.

Key Takeaways:

[1:26] Will the proposed tax plan make the US real estate market more or less attractive to foreign investors?

[3:41] The typical business designation that foreign investors use

[6:15] Why some changes in deductions will effect investment in big cities like NY, LA, SF

[9:21] Which countries some of the major US markets get most of their foreign investment dollars from, and how the investors are using their properties

[13:24] Are any foreign governments buying US real estate?

[16:26] The US is in a sweet spot where European and Asian investors will invest, but it doesn't go overboard because of logistics like time differences and distance

Website:

www.RBMLLP.com

www.OneAndOnlyRealty.com

www.JasonHartman.com/Contest

Foreign investment tends to sometimes make the news in a negative manner, but we should also consider the benefits of foreign investment in the United States

Direct download: AMA_203_Ed_Mermelstein.mp3
Category:general -- posted at: 9:00am EST

There seems to be a new cryptocurrency popping up every week, with markets being discovered, and new algorithms occurring all the time. There's a new player in town, however, and it's serving a market that so far has been avoided, and that's Christianity.

Jason Hartman talks with Luke Forstmann, co-founder of Christ Coin, about what his cryptocurrency is based on, how you get it, how their currency actually gives back to communities, and the plethora of ICOs (Initial Coin Offerings) that are popping up.

Key Takeaways:

[1:08] How the cryptocurrency craze now is similar to the internet craze in the late-90s, early 2000s

[3:42] What is an ICO (Initial Coin Offering), and when does it happen?

[8:52] What happened during Christ Coin's ICO?

[9:43] How do you set the initial price on something like Christ Coin?

[11:54] What is the LifeChange platform Christ Coin is utilizing?

[15:41] How do you get/earn Christ Coins?

[19:17] What it means when you buy Christ Coins, and how you can track its impact

Websites:

www.ChristCoins.io

www.LifeChange.io

www.CoinBase.com

www.Mercury.Cash

www.Bittrex.com


"It is ICO mania out there, and people are figuring out new ways to launch new companies using cryptocurrency & the ICO method"

Direct download: AMA_202_Luke_Forstmann.mp3
Category:general -- posted at: 9:00am EST

2018's Meet the Masters event was already packed with great speakers like Jason Hartman, Garrett Sutton, Brian Smith, Danielle DiMartino-Booth, John Burns, and more. Today, Jason Hartman is proud to announce that former Congressman (and America's foremost advocate for liberyt) Ron Paul will be joining the fold to headline the event.

Ron Paul was most recently a Republican candidate for President in 2008 and 2012, and served in the US House of Representatives for Texas for more than 25 years in all. He is a critic of policies like the USA Patriot Act and has criticized the federal governments fiscal policies a multitude of times. He's also outspoken against Federal Reserve, and the US tax code.

Website:

www.JasonHartman.com/Masters

www.CampaignForLiberty.org

Direct download: AMA_Ron_Paul_Announcement.mp3
Category:general -- posted at: 10:25pm EST

Jason welcomes client, Clay Slocum to the show. Clay is a millennial who currently has four properties in his real estate portfolio. Before buying his first property, Clay worked diligently with Oscar, his Investment Counselor, and a Local Market Specialist to play around with the numbers and he discovered his initial investment could grow exponentially. Clay shares his insights on the power of compounding interest, asset protection, and the Memphis market.

Key Takeaways:

[2:15] Compound interest can be a powerful tool against inflation.

[7:57] Engineers take an analytical approach to investing.

[10:07] After 18 years, $100,000 grow to 14 million.

[17:28] Jason explains a Deferred Sales Trust.

[21:24] If you are on the fence about investing talk with an investment counselor.

[32:18] Asset Protection is a complicated subject you should speak with a lawyer about.

[41:43] Resources for tax help.

Website:

www.JasonHartman.com/Properties

Meet the Masters of Income Property 2018

www.RealEstateTools.com

Compound Interest Calculator


"Opportunity cost is a cost most people don’t evaluate."

"When it comes to asset protection most people think about the internal threat, not the external threat which can be costlier."

Direct download: AMA_201_Clay_Slocum.mp3
Category:general -- posted at: 12:00pm EST

Jason Hartman talks with Bob Sutton, author of The A**hole Survival Guide: How to Deal with People Who Treat You Like Dirt, about how to deal with people who are a consistent bear and you can't avoid completely.

Sutton studies organizational change, leadership, innovation, and workplace dynamics. He has published over 150 articles and chapters in peer-reviewed journals, management outlets such as Harvard Business Review and the McKinsey Quarterly, and news outlets including The New York Times, Financial Times, and Wall Street Journal. His books include Weird Ideas That Work, The Knowing-Doing Gap (with Jeffrey Pfeffer), and Hard Facts, Dangerous Half-Truths, and Total Nonsense (with Jeffrey Pfeffer).

Key Takeaways:

[1:33] The reaction Robert got from his first book on "jerks"

[5:20] Some people seem to enjoy being mean down to their core, what does Robert make of the idea that women are attracted to bad boys like that?

[8:51] The "rhythym method" of dealing with jerks

[12:20] How you can pick the right time to fight back against jerks

[16:27] We're all slow to notice our own weaknesses

Website:

www.BobSutton.net

www.Twitter.com/Work_Matters

Direct download: AMA_200_Robert_Sutton.mp3
Category:general -- posted at: 10:12pm EST

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