AMA 227 – Time to Regulate the Cryptos? with Pavel Matveev

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

AMA

AMA 226 – Are Big Banks on the Verge of Extinction? with The Finanser Chris Skinner

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

AMA

AMA 225 – Global Sports Financial Exchange and AllSportsMarket & Actor in A Christmas Story, Ed, Wild America, Almost Famous, Freddy vs. Jason’s Zack Ward

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

AMA 224 – The Quits Ratio Importance to the Economy with Ali Wolf

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

AMA 222 – Inflation vs Deflation Pressures with Pragmatic Capitalist Cullen Roche

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

AMA 221 – Sunspots vs The Economy with Harry Dent

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

AMA 220 – Two Minutes from the Abyss with Vijay Eswaran

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

AMA 219 – Quantitative Easing, Rising Interest Rates, & a Trillion Dollars with Richard Duncan, Part 2

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)

AMA 218 – Destruction of Money & Trade Imbalances with Macro Watch’s Richard Duncan, Part 1

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)

AMA 217 – Fundraising for a Cryptocurrency ICO with Shane Liddell

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

AMA 216 – The New Rate Environment for Financing Your Investments

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

AMA 215 – Our Economic Future with William Cohan

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

AMA 214 – Technology: The Ultimate Deflationary Force with the Moneyball Economist Andrew Zatlin, Part 2

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

AMA 213 – The Bottleneck in Labor & the Housing Market with Andrew Zatlin

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

AMA 212 – Will Government Shut Down Cryptocurrency? with Connor Boyack

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

AMA 211 – Turning Inflation into True Wealth with Daniel Amerman

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

AMA 210 – Remember Your Identity with Peter Sage

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

AMA 209 – Can Governments Stop Cryptocurrency? with David Mondrus

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”

AMA 208 – Searching for Assets with Kerry Lutz

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

AMA 207 – Constitutional Economics with Dr Paul Broun

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