Fri, 31 August 2018
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.
[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
Fri, 24 August 2018
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.
[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
Fri, 17 August 2018
AMA 234 - Cryptocurrency Investing Education with Consumer Financial Protection Bureau's Dan Rutherford
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.
[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
Fri, 10 August 2018
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.
[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
Fri, 3 August 2018
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.
[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