Fri, 31 July 2020
Jason interviews Chrysta Castañeda, author of The Last Trial of T. Boone Pickens. Get the oil and gas industry insight from Chysta, the go-to lawyer for high stakes litigation in the energy industry and beyond. Chrysta shares her experience with T. Boone Pickens and her knowledge of the current oil market problems.
[1:30] What happened with Pickens and how did the investment deal go bad?
[5:40] "As we saw the financial markets plummet, so did the oil market"
[6:30] Suadi Arabia and Russia are starting a supply war with oil, which was already oversupplied
[8:30] There is a coordinated market mechanism for oil production limitations
[11:40] Brief history about the name "Railroad Commission"
[14:00] Will we shift to a larger work-from-home community?
Direct download: AMA_346The_Last_Trial_of_T._Boon_Pickens_by_Chrysta_Castaneda.mp3
Category:general -- posted at: 12:00pm EDT
Wed, 29 July 2020
Hugh Hendry joins Jason Hartman to share what was going through his head through the 2008 recession and what preliminary actions he took to position himself well. Everyone is wondering “where are we going [market]” and Hendry shares some thoughts based on actions the Fed took over the last 60 years.
Hugh discusses the early signs of chaos that awaits us as we move away from an accepted form of order. It’s not always a perfect situation for investing, especially if you only have one mindset for profit. Chaotic times call for positioning yourself to profit from a different angle.
[2:00] 31.2% positive return back in the 2008 recession
[3:00] To be curious you have to misbehave first.
[6:30] Discussing the “boom-market in fear.”
[12:00] Everybody is wondering where we are going [market]?
[28:00] What is your stance on Paul Volcker?
[21:30] What is the FED doing wrong?
[22:00] Looking for predictions in gold, the dollar, etc.
[29:30] We are conditioned by the very slow passage of time.
[30:00] Gold has been trending.
[32:45] 50 years ago we were pivoting from chaos to order. Today, we are pivoting from an accepted order to chaos.
[34:18] We live in a world where instead of reducing the money supply, they are desperate to increase the money supply.
[38:15] In preparation, think of the most chaotic events becoming normalized, and how you can profit from chaos instead of order.
[39:30] At the bottom of a deleveraging cycle, everything is cheap.
[41:30] “May you live in interesting times,” -the quote is back.
Fri, 24 July 2020
Founder and former CEO of Build Direct, Jeff Booth, joins Jason on his discussion about deflation. Listen as best selling author of The Price of Tomorrow, Why Deflation is the Key to an Abundant Future, shares some of the knowledge from his book on deflation in the economy.
The Price of Tomorrow: Why Deflation is the Key to an Abundant Future by Jeff Booth
[2:00] There is nothing governments can do long term, deflation will win.
[5:30] Speaking about 2008, we should’ve ended up in a depression.
[6:30] Governments all over the world distort the market; they don’t allow price discovery.
[7:00] Elaborating on the “Ponzi Economy”
[8:00] Deflation makes your value of money go up because goods and services go down in relation to your money.
[9:00] Can deflation be responsible for inflation?
[9:45] Price discovery example scenario: Zoom went from 10 million to 300 million users in a month and a half.
[10:45] Why do governments fight deflation?
[14:45] Understanding the power of inflation as it pertains to paying debt, but how much power does technology have over inflation/deflation?
[20:30] Jeff Booth explaining his idea of doubling up.
[22:00] How can we understand exponential growth?
Wed, 22 July 2020
343: 3,000 Year Rates, Inventory, Forbearance & Market Cycles How an Economy Grows & Why It Crashes Patrick Donohoe
Pat Donohoe returns to the show to discuss how it is that an economy grows. The keyword here is debt. Debt is priced into everything and used for growth. Jason Hartman asks, “have the rules changes in an era of riots and civil unrest? Bailouts for everyone!
[1:25] Have the rules changed in an era of riots and civil unrest?
[4:45] Sometimes, you need contrast to understand the value of one system.
[9:00] If someone makes a poor choice, there is no bailout.
[13:00] Debt is priced into everything. It fuels the economy.
[14:45] If you want to create real wealth, you simply must have capital formation.
Fri, 17 July 2020
Today we are joined by a Libertarian Presidential candidate and former felon who won his freedom representing himself. Mark Whitney joins Jason Hartman sharing his backstory from outlaw to free man. As well, he speaks on the suspension of the 'campaign trail' due to coronavirus. Mark talks to some of the challenges running for president. As well, he speaks to the ease of becoming a candidate. Jason asks Mark what he expects to see in our future, whether that's inflationary or not.
[1:00] Backstory, from felon to free man.
[8:30] Politics has been suspended. The trail in 'campaign trail' is gone.
[9:30] What were the lessons learned by representing yourself in court?
[12:30] There are generally about 2,000 people running for President of the U.S.
[13:45] The presidential commission on debates is a privately owned organization. This arrangement is so we can't site the constitution to say that our political speech is censored.
[14:30] How can you run?
[16:30] Are we looking at an inflationary future?
Wed, 15 July 2020
What is the “dollar milkshake theory”? Brent Johnson joins Jason Hartman to share his ideas and concepts on macroeconomics. Particularly, what’s the strength of the U.S. dollar, and how does it compare to gold and other currencies? Brent also shares his thoughts on modern monetary theory and the possibility of its presence in the future, and potential problems.
Brent Johnson also discusses the broad term currency as it pertains to gold, the U.S. dollar, and many other currencies around the world. Brent shares his views on gold and the role it plays. As well, Brent and Jason discuss what is needed for money to be loaned into existence.
[2:00] Dollar milkshake theory.
[4:00] Discussing MMT Modern Monetary Theory
[5:30] Until a new system is designed, there is no place to go, other than the U.S. dollar.
[9:10] Does MMT work or is a pipe-dream?
[12:35] Let’s talk about gold and the role it plays.
[19:00] Because money is loaned into existence, you need monetary velocity or credit expansion to be taking place.
[22:00] What about military tensions?
[26:45] How delicate is our economy that corporate giants need bailouts as bad as family-owned restaurants?
Fri, 10 July 2020
Mike Robbins joins us for some important lessons in mental health and dealing with grief. We are all grieving together, for ourselves and for those that surround us. It’s time to stop, pause, and reflect. How can we focus on the moment?
[5:45] Perspective is important, and when we are in the middle of something, it’s difficult to have perspective on it
[7:30] Even though it may not seem like it right now, you have more than this requires
[8:15] If we are experiencing difficulty the common element is that we are focusing internally instead of externally
[11:30] The world has intervened in a way, and forced all of us to stop, pause, and reflect
[17:30] How do we focus on the moment?
[23:30] You can control your attitude and you can control your effort, everything else is some form of out of your control
Fri, 3 July 2020
Jason Hartman with guest, Harry Dent, for the rant of the year! “This is a bubble that is waiting to pop,” says Dent as he opens up about the Coronavirus just being a cover for some underlying economic issues. “This is much worse than a debt-bubble; it’s a financial asset bubble.”
Harry speaks on his thoughts about gold, cryptocurrency, and inflation. Specifically, asset vs. consumer inflation. What causes inflation? What’s to be expected in the future when it comes to commercial real estate? What will happen to the once sought after McMansions?
[1:30] This is a bubble that was waiting to pop, and Coronavirus was just the cover.
[2:00] All of this money printing does not stop the virus.
[6:00] There is no going back to normal after 25% of restaurants, and some areas closed down.
[12:45] China has already hit its peak. They’re going to have trouble keeping up with India.
[14:30] What is Harry Dent’s opinion on cryptocurrency, bitcoin?
[17:45] Gold correlates with one thing, inflation.
[19:30] Money printing doesn’t necessarily cause inflation.
[20:30] What does cause inflation?
[23:15] Asset vs. consumer inflation, that’s the bubble.
[25:00] This is way worse than the debt bubble; this is a financial asset bubble.
[29:30] Commercial real estate and McMansions will collapse while the 3/2 will go on to thrive.
[35:00] The first billionaires were born of the great depression.
Wed, 1 July 2020
Not a cryptocurrency, but a COVID-Currency. Jason Hartman shares news of a small town in Washington that has created their own local currency, something that hasn’t been used since the Great Depression. And as always, it’s good to ask, “compared to what?” This letter home from a college student couldn’t illustrate this principle more clearly when it comes to gaining perspective. Let’s step back in time for a lesson on the inflation/deflation shell game. Lastly, Jason talks about the wildly unsurprising news that the bidding wars for homes have left the big cities and moved largely to the burbs.
[1:00] Let’s not forget to ask one of life’s most important questions.
[2:45] A letter home from a college student, further illustrating the strength of the question, “compared to what?”
[5:40] A small town in Washington is printing its own currency during the pandemic.
[12:45] House hunters are swarming the villages and rural communities outside of NYC.
[15:15] Predictions of housing purchases in the suburbs rising faster than those of the cities.
[16:45] The bidding war has moved to the burbs.
[22:40] From an Alexa Flash Briefing, The Inflation/Deflation Shell Game.
[32:45] Playing some inflationary hypotheticals.