Greetings still from Ecuador, which is on an elevation of 12,000 feet! Today Jason talks about another bank run and how this puts massive inflationary pressure on the entire economic system. He also talks about how new home sales proves Wall Street was wrong- saying low housing inventory is “fake news” and even how the MLS’ Active listings since 1982 chart confirms this!

And Jason interviews Adam LeBor, author of the book “Tower of Basel.” Adam takes us on a journey to uncover the history of the Bank for International Settlements, also known as the Tower of Basel. He explores the power and influence of this mysterious institution, which is said to be the central bank of the world’s central banks. Through interviews with experts and a deep dive into historical events, Adam gives us insight into the inner workings of the bank, its role in the global financial system, the complexities of the international banking system and the forces that shape it.

Key Takeaways:

Jason’s editorial

1:28 Greetings from an elevation of 12,000 feet!

2:22 Another bank run! and the massive inflationary pressure in the system

4:33 New home sales proving Wall Street was wrong

6:16 MLS Chart: Active listings since 1982

7:48 Demographics Exhibit 1: US population by age

9:11 Inflation Induced Debt Destruction and the 100% FREE financing opportunities

12:52 Using the Land To Improvement (LTI) ratio, Income property will keep on going strong

15:00 Keep listening to our Flashback Friday episodes and a few announcements

Adam LeBor’s interview

16:33 Welcome Adam LeBor

17:25 Distinguishing between the 3 big entities

18:34 Do all bankers participate

19:38 The shadowy history of this secret bank

21:35 The necessity of it’s existence

23:51 Coordinating between central banks

25:52 Flooding the market with cheap money and the psychological effects on society

28:47 Strange History- Hitler’s American Banker

31:49 “Money finds a way.”

33:16 The 30 year rule and their YouTube channel

34:48 The connection between the BIS and the euro

37:04 The European Union and the Euro

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Jason also welcomes Mike Simonsen of Altos Research as they discuss the factors that keep people from selling their homes and how federal and tax policies contribute to the shortage in housing inventory! Moreover, these factors create more upward pressure on rents!

For more detailed information on the charts discussed in the show, visit AltosResearch.com.

Key Takeaways:

0:28 Introducing Mike Simonsen of Altos Research

1:20 Mike’s macro view and insights on the current housing market

4:20 There will be sellers who won’t be selling above the 5.5% mortgage rate

6:00 Factors that keep a lid on inventory for a long time- including fed and tax policies 

10:20 Creating more upward pressure on rents

12:00 Total inventory home for sale – US Single Family

14:15 What is the chart not telling us?

17:32 Buyers have stopped buying especially at the 5% threshold

20:06 Median homes list prices – US Single Family

22:00 Where these pricing data come from and the median price on new listings

23:37 Possibility of larger homes not coming into the market in this time of the year

25:30 Weekly inventory change – US Single Family homes

31:00 Standard of living will give in; people will go down the socio-economic ladder

34:14 San Francisco Inventory: Weekly Single Family

35:09 Percent of homes taking price reductions, single family homes US national

37:48 Application for sellers and buyers; going ahead of the curve in your local market

41:09 Where do we go from here?

Follow Jason on TWITTER, INSTAGRAM & LINKEDIN
Twitter.com/JasonHartmanROI
Instagram.com/jasonhartman1/
Linkedin.com/in/jasonhartmaninvestor/

Call our Investment Counselors at: 1-800-HARTMAN (US) or visit: https://www.jasonhartman.com/

Free Class:  Easily get up to $250,000 in funding for real estate, business or anything else: http://JasonHartman.com/Fund

CYA Protect Your Assets, Save Taxes & Estate Planning:
http://JasonHartman.com/Protect

Get wholesale real estate deals for investment or build a great business – Free Course: https://www.jasonhartman.com/deals

Special Offer from Ron LeGrand:
https://JasonHartman.com/Ron

Free Mini-Book on Pandemic Investing:
https://www.PandemicInvesting.com