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

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

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

AMA 206 – Danielle DiMartino-Booth: FED UP & Money Strong

HAPPY NEW YEAR!!! 2017 is in the rear view mirror and we’re meeting 2018 straight on. Today, Jason Hartman talks with Danielle DiMartino-Booth, author of FED UP! and founder of Money Strong, about her thoughts on the new tax reform bill, whether the corporate repatriation will improve the economy, cryptocurrency, the US shrinking labor force and more.

Key Takeaways:

[1:29] Danielle’s thoughts on the new GOP Tax Reform

[4:58] Share buybacks have slowed, why is that important?

[7:38] We have no idea what the unwind of the biggest experiment in monetary policy will look like

[10:29] Why the biggest bubble out there today is the confidence bubble

[11:24] Danielle’s opinion of the cryptocurrency world today

[13:56] The best comparison for the cryptocurrency mania we see today

[17:14] The United States has had a shrinking work force for 20 years now

[18:10] We have GOT to change our education system so we can be competitive on the global stage

[20:19] Some bullet points about what Danielle will be discussing during her speech at Meet the Masters

Websites:

www.JasonHartman.com/Masters

www.JasonHartman.com/Contest

www.DiMartinoBooth.com

www.Twitter.com/DiMartinoBooth

Rich Dad Advisor Ken McElroy to Speak at 2018 Meet the Masters

Jason Hartman is proud to announce the latest addition to the 2018 Meet the Masters of Income Property event, Ken McElroy.

Ken is a Rich Dad Advisor and entrepreneur who is an expert in investment analysis, property management, and property development. He’s responsible for over $700 million investment dollars in real estate.

Ken is the author of the best-selling books The ABC’s of Real Estate Investing, The Advanced Guide to Real Estate Investing, The ABC’s of Property Management, and most recently his book on entrepreneurship: The Sleeping Giant.

Website:

www.JasonHartman.com/Masters

www.KenMcElroy.com

AMA 205 – The GOP Tax Reform & Our Economy with Ryan Schellhous

Jason Hartman talks with Ryan Schellhous, founder at IndigoSpire CPAs & Advisors, about the new tax plan. The two start off with a 30,000 foot overview of the plan, then drill down into specific components of the plan as they figure out who is going to be helped and who may not see as much of a benefit under the plan. Ryan explains the biggest revenue raisers and “losers” under the new bill, and some of the most important pieces that will impact individual filers.

Key Takeaways:

[3:10] The 30,000 foot overview of the GOP Tax Reform

[5:06] Will this tax reform create a repatriation of wealth back to the US?

[8:56] The move that mobilized the GOP forces toward tax reform

[10:53] The 2nd most important thing in the tax plan was the widening of tax brackets and lowering of rates for individuals

[13:03] The standard deducation has been increased, which should increase the number of simple 1040s being filed

[16:04] The single largest revenue raiser in the entire bill

[18:16] The change in mortgage interest deductions could cause a dampening in the high end real estate market

[20:46] The Alternative Minimum Tax isn’t gone, but it’s gone through an overhaul

[22:38] Pass-through businesses are getting a 20% deduction

[29:36] The accelerated bonus depreciation is enormous for real estate investors

[33:08] Changes to the 1031 Exchange rule

[37:12] The carried interest rules have changed as well, impacting the hedge fund managers trading techniques

[39:00] 529 plans (education plans for children) can now be used to pay for private schools

[39:34] Some tax changes that were EXPECTED but didn’t end up happening

Website:

www.JasonHartman.com/Masters

www.JasonHartman.com/Contest

www.IndigoSpire.com

AMA 204 – The Cryptocurrency Bubble and What the Future Will Be with Tama Churchouse

Bitcoin is in the news, and there’s an amazing rush on cryptocurrencies and seemingly a new coin coming out every day. So it’s becoming more obvious that we’re in a bubble.

But what’s the real future of cryptocurrencies?

Jason Hartman talks to Tama Churchouse, co-founder of Churchouse Publishing Limited and lead cryptocurrency analyst at Stansberry Churchouse Research, about what’s going on in the world of cryptocurrency. Tama explains the differences between things like Bitcoin and Etherium, and the two look into what the government’s future role in cryptocurrency will look like.

Key Takeaways:

[1:14] Why is there a sudden runup in cryptocurrencies?

[5:53] The average transaction fee for Bitcoin is making it impossible to scale

[9:58] There are currently over 1,500 different cryptocurrencies with a market cap of around $520 billion

[11:54] There are currently protocols being written on the blockchain that you can buy into

[14:28] An explanation of “CryptoKitties” and how it can be applied to other avenues

[15:58] Etherium created a standardized token and how it’s aiding in ICOs

[18:06] Etherium doesn’t scale and is expensive to use, creating some serious drawbacks

[19:20] How Tama learned about cryptocurrency

[26:01] Is decentralized decision making really a good idea or will it just bog everything down?

[30:14] Cryptocurrency isn’t really a great investment at the moment (perhaps it will become one), so what do we do with it today?

[32:34] Bitcoin mania has people declaring it a storer of value, but it takes at LEAST a generation to be able to make such a claim

[34:54] Will the government let cryptocurrencies go on (and can they even squash it if they try)?

[38:03] Tama believes 2018 will bring a wave of regulations on to cryptocurrencies

[40:52] How Tama would destroy Bitcoin if he really wanted to

[43:46] One cryptocurrency you SHOULD NOT BUY

Website:

www.StansberryChurchhouse.com

www.CoinMarketCap.com

AMA 203 – GOP Tax Plan’s Impact on Real Estate with Ed Mermelstein

Jason Hartman talks with Ed Mermelstein, founding partner of Rheem Bell & Mermelstein LLP, about what the GOP tax plan will likely do to foreign investment in US real estate. Ed describes how foreign investors are CURRENTLY investing in the US, and whether this plan will make the money flow in to the country or go running away to other countries. This impact will have especially large effects on big name markets like New York, San Francisco, and Los Angeles.

Key Takeaways:

[1:26] Will the proposed tax plan make the US real estate market more or less attractive to foreign investors?

[3:41] The typical business designation that foreign investors use

[6:15] Why some changes in deductions will effect investment in big cities like NY, LA, SF

[9:21] Which countries some of the major US markets get most of their foreign investment dollars from, and how the investors are using their properties

[13:24] Are any foreign governments buying US real estate?

[16:26] The US is in a sweet spot where European and Asian investors will invest, but it doesn’t go overboard because of logistics like time differences and distance

Website:

www.RBMLLP.com

www.OneAndOnlyRealty.com

www.JasonHartman.com/Contest

AMA 202 – A New Cryptocurrency Emerges: Christ Coins with Luke Forstmann

There seems to be a new cryptocurrency popping up every week, with markets being discovered, and new algorithms occurring all the time. There’s a new player in town, however, and it’s serving a market that so far has been avoided, and that’s Christianity.

Jason Hartman talks with Luke Forstmann, co-founder of Christ Coin, about what his cryptocurrency is based on, how you get it, how their currency actually gives back to communities, and the plethora of ICOs (Initial Coin Offerings) that are popping up.

Key Takeaways:

[1:08] How the cryptocurrency craze now is similar to the internet craze in the late-90s, early 2000s

[3:42] What is an ICO (Initial Coin Offering), and when does it happen?

[8:52] What happened during Christ Coin’s ICO?

[9:43] How do you set the initial price on something like Christ Coin?

[11:54] What is the LifeChange platform Christ Coin is utilizing?

[15:41] How do you get/earn Christ Coins?

[19:17] What it means when you buy Christ Coins, and how you can track its impact

Websites:

www.ChristCoins.io

www.LifeChange.io

www.CoinBase.com

www.Mercury.Cash

www.Bittrex.com

Meet the Masters Announcement: Ron Paul is Coming!

2018’s Meet the Masters event was already packed with great speakers like Jason Hartman, Garrett Sutton, Brian Smith, Danielle DiMartino-Booth, John Burns, and more. Today, Jason Hartman is proud to announce that former Congressman (and America’s foremost advocate for liberyt) Ron Paul will be joining the fold to headline the event.

Ron Paul was most recently a Republican candidate for President in 2008 and 2012, and served in the US House of Representatives for Texas for more than 25 years in all. He is a critic of policies like the USA Patriot Act and has criticized the federal governments fiscal policies a multitude of times. He’s also outspoken against Federal Reserve, and the US tax code.

Website:

www.JasonHartman.com/Masters

www.CampaignForLiberty.org