Wed, 30 September 2020
363: AMERICA, What Went Wrong? The Crisis Deepens, James B. Steele, Pulitzer Prize & George Polk Winner
He is one of the most famous economic investigative journalists of all time, Jason Hartman interviews James B. Steel. Jason ask James about the decimated middle class, how did we get here, and how can we get out? As well, James touches on health care and the American dream, and how to make the middle class viable again.
The newest book, America What Went Wrong, the Crisis Deepens
[0:45] The middle class has been decimated, without a real dollar raise in four decades. How can this be?
[5:00] Discussing how the median income is behind pace.
[9:30] The free market has been wonderful for this country but it cannot solve this problem we’re in.
[13:00] How could health care be solved?
[17:00] Who are the global money men?
[18:00] Is there hope for the American dream?
[21:15] The solution; what is the foundation that makes the middle class viable again?
Sat, 26 September 2020
Zoom Virtual Event: October 17th, 2020
Early Bird Admission: PandemicInvesting.com
Get Instant access to Jason Hartman’s newest report, you'll learn…
Direct download: AMA_Special_Announcement__Pandemic_Investing_Summit.mp3
Category:general -- posted at: 10:00am EDT
Fri, 25 September 2020
Jason Hartman talks with Julio Gonzalez, founder of Engineered Tax Services, a licensed engineering firm that focuses on tax benefits at federal, state, and local levels. Julio’s expertise on tax credits gives us a different perspective on where the economy is headed. Today, Jason and Julio discuss property reuse for affordable housing and redistribution centers. Julio shares knowledge about tax credits from selling air rights to 5G infrastructure.
[3:00] Is there a chance to see property reuse like hotels shifting to affordable housing?
[4:00] Many REITs are trying to redesign shopping centers into redistribution centers.
[9:00] It’s hard to make predictions about where the economy will be without any history of vaccinating 7 billion people.
[11:15] There are twenty tax credits associated with investing and real estate at the federal level.
[13:00] The government is incentivizing 5G infrastructure as a tax credit.
Wed, 23 September 2020
Former senior credit officer for two California banks, and editor and publisher of The Strategic Financial Intelligence monthly newsletter, John Truman Wolfe joins Jason Hartman today talking about the coming financial crisis. The question is, will the bubble pop, if so, what will happen? As well, John and Jason talk about banks worldwide, who to trust, how much to evaluate them, and what they’ve done wrong. Will banking eventually lead to a global digital currency?
[3:30] Big news from the Federal Reserve.
[9:30] How long will the Fed keep interest rates low?
[13:00] People keep predicting the end of the world, and it’s yet to happen.
[14:00] John Truman Wolfe
[1:15] Talking derivatives: the thing about the thing.
[1:45] Will this bubble pop, and what will happen if/when it does?
[6:00] John discusses the BIS (Bank of International Settlements) and the Bail-In Policy.
[8:45] What should people do, and what banks are safe?
[13:40] How often should you evaluate your bank, and in what should you look?
[18:45] The biggest problem for the U.S. dollar is that the Fed has thrown 5.2 trillion dollars into the economy out of thin air.
[34:00] Could we move to a world monetary system in the form of digital currency?
Direct download: AMA__The_Coming_Financial_Crisis__Crisis_by_Design_by_John_Truman_Wolfe.mp3
Category:general -- posted at: 12:00pm EDT
Fri, 18 September 2020
Jason Hartman interviews author of the book, Unfu*k Yourself, Get Out of Your Head and Into Your Life, by Gary John Bishop. Bishop shares pieces of the philosophy that shaped his world. His joy for helping others gave momentum towards sharing his wisdom in book and audio form. His approach to life is designed around forgiveness, being honest with oneself, and that significant change is available to everyone. Gary John Bishop is also author to Stop Doing That Sh*t and Do The Work.
[2:45] “Have you ever felt like a hamster on a wheel, furiously turning your way through life with somehow going nowhere” - Gary John Bishop
[4:00] The best place to start is finally telling yourself the truth.
[7:30] “You’re way more encumbered by what you think than anyone else.” G.J. Bishop
[9:45] How do I forgive someone/something?
[11:00] It’s amazing what things people will give up to be right.
[12:25] Should we always forgive?
[17:30] Significant change is available to you.
[21:45] “Your success in life is almost exclusively tied to the degree that you can keep a promise to yourself.” G.J. Bishop
Wed, 16 September 2020
There is nothing fair about forcing a person to join a labor union in order to have a job. Jason Hartman interviews Mark Mix, President of the National Right to Work Committee, as they discuss the impact of labor unions in the economy.
[1:40] In some states, you are forced to join a union if you want a job.
[2:00] Mark explains what it means to have a Right to Work in one of the 27 Right To Work states.
[5:15] Is there still a need for labor unions in the workplace in the US?
[10:00] Employment growth has been higher in the right to work states versus forced-unionism states.
[18:15] Simply put, the right to work states give power back to the worker instead of the union official.
[21:50] Generally, how much are union dues?
Fri, 11 September 2020
Jason interviews Chairman of Whalen Global Advisors LLC, R. Christopher Whalen. Whalen speaks on location changes of people and businesses due to Coronavirus. Not only are business locations changing, but companies have been forced to move away from the “old way” of doing business and finally adapting to innovations in technology and communication. Whalen also gives a glimpse into his recent book and discusses the fed’s strategy to steer clear of deflationary times. Will we see consequences from the creation of money and bailouts?
Books: Inflated, How Money & Debt Built the American Dream by R. Christopher Whalen
[2:00] Not only are people leaving big cities, like NYC, because of COVID-19, but large companies are also looking to move so that they can relocate their people.
[4:30] Coronavirus has forced businesses to move out of “the old way.”
[8:50] A brief history of banking, from Abraham Lincoln to present.
[11:20] Before the creation of The Fed, J.P. Morgan was essentially the central bank.
[13:00] Whalen breaks down how he differentiates between inflated as he puts it and inflation.
[18:15] Will we see any consequences from the creation of money and bailouts?
[19:00] Quantitative Easing: central banks buy government bonds or other financial assets to inject money into the economy to expand its activity.
Direct download: AMA_Inflated_How_Money__Debt_Built_the_American_Dream_by_R._Christopher_Whalen.mp3
Category:general -- posted at: 12:00pm EDT
Wed, 9 September 2020
Jason Hartman speaks with Leslie Appleton-Young, vice-president and chief economist for the California Association of Realtors. Leslie brings several charts and graphs to the conversation to share some staggering movement in California's real estate. In January, 2020 was shaping up to be a knock out year, but due to the Coronavirus pandemic, we are now looking at best for a quick recovery. Leslie and Jason draw correlations between the 2008 recession and recovery to the recent, seemingly, self-imposed recession.
As well, Leslie shares data to support buyer/seller trends as emotions shift from the COVID-19 impact. The question continues to go unanswered, how will malls, retail space, and hotels change post coronavirus?
[7:30] Jason and Leslie discuss predictions based on the Q2 hit in 2020, ranging from a 25% - 42% decline.
[9:00] The buy-side of real estate is doing well, likely because of record low interest rates, more space needed for home offices, and more space desired in quarantine times.
[15:30] In January, the 2020 expectation was to be a great year based on some standard metrics.
[16:20] We have not had a breakout market since the 2008 recession due to income and affordability restraints.
[19:00] The virus and the government's response are two major contributing factors to set the tone for sellers and the recovery of the real estate market.
[20:15] What is the general tone of California, are people staying or going?
[24:45] We've seen a considerable adaptation of technology in the real estate industry.
[30:00] Buyers feel a sense of urgency without expecting deals, while sellers are reluctant to lower their prices.
[35:30] Jason and Leslie discuss the lack of supply and the building restrictions as one of the leading causes for a reduced amount of new homes being built.
[38:00] How could malls, retail space, and hotels change into residential units for affordable housing, senior centers, or homeless shelters?
[40:30] What shape will the recovery take on? V, square root, swoosh, or W?
[43:00] The work-from-home order will likely be huge for housing.
Fri, 4 September 2020
356: Pension Plans Vs. Investing, Welfare for the Rich, Government Creep & The Human Cost of Welfare by Phil Harvey
Jason Hartman answers a listener question about investing in real estate amid COVID-19. When is a good time to start, or to extend a portfolio? Also, a reminder about the greater fool theory related to WSJ’s mention of Apple’s latest valuation. Invest in something that makes sense the day you buy it.
Phil Harvey is today’s guest, discussing his recent book and a few ways that tax dollars are distributed to some for questionable reasons. Phil shares everything from billionaires receiving million-dollar payouts for owning farmland to customers paying double the price of sugar in the local grocery store.
Livestream: Sunday Morning, Coffee Tok (Talk) 11 AM EDT
[3:20] “Is now (COVID-19) a good time to start investing in real estate?” Listener, Scott
[8:45] Jason elaborates on pension plans versus real estate investing, a continuation of the question from a listener, Scott.
[12:45] Apple just passed the 2 trillion dollar market cap: what did WSJ say about it?
[13:45] The greater fool theory
[19:40] How are taxpayers getting burned by welfare going to many of the wrong places?
[22:30] How are the well-to-do getting welfare?
[24:30] Jason and Phil discuss the bonuses received by owners of farmland for no apparent reason.
[29:30] Some coastal cities have zoned land in such a way that housing has become unaffordable.
[34:30] Is the open spaces argument, “you’ve already got yours, so you’re not going to share?”
[36:15] Everyone pays twice as much as they should have to pay for sugar, to benefit which sugar baron?
Wed, 2 September 2020
How much more can I borrow with interest rates this low? Jason Hartman shares some great news about mortgage rates and takes you through some strategy to take advantage of them. This investment discourse is built on United Wholesale Mortgage (UWM) announcing today that they are rolling our a loan program that offers mortgage rates as low as 1.99%.
[1:10] Mortgage interest rates: UWM announced today that it’s rolling out a loan program that offers mortgage rates as low as 1.99%
[8:00] What if you could only get a 10-year mortgage?
[15:30] Mortgage hypotheticals: How much can I borrow today?