American Monetary Association

Jason Hartman and Investment Counselor Doug take a look at the danger of manias, especially when it comes to investing in startup companies (like WeWork). It's easy to get caught up in rising valuations and the like, but it's also easy to lose a whole lot doing so. Jason and Doug then discuss the Wealth Simulation exercise that was held at Profits in Paradise, including lessons learned about the method of building your portfolio that will set you up for the greatest wealth. Key Takeaways: [2:22] WeWork is a great example of why you should follow Commandment 21: Thou Shalt Avoid Manias [7:17] Don't fall for the company line of how they're going to change the world. Voluntary exchange with a company changes the world on its own [10:24] Don't be fooled by the resume or the amount of money that's being pumped into a company when making investment decisions [11:57] Blogcast: Housing vs Shelter [19:22] How the Wealth Simulation exercise worked [23:23] One of the top strategies in the wealth simulation game was a mi

Jason Hartman talks with Hernando De Soto, founder and President of the Institute for Liberty and Democracy and author of The Mystery of Capital:, about the elements of capitalism that are most important and how property rights are absolutely essential. They also discuss the growing sentiment toward socialism in the United States and what impact that could have. Key Takeaways: [1:45] The 5 mysteries of capital [6:35] Capitalism is one of the few (if not only) systems that gives the lower classes a chance against the rich [13:07] What we do as capitalists does not translate to what we do in politics [17:53] The issue of equal opportunity for capital has to be addressed for capitalism to regain its popularity Website: www.ILD.org.pe

Jason Hartman talks with Daniel Ameduri, co-founder of Future Money Trends newsletter and author of Don't Save For Retirement: A Millennial's Guide to Financial Freedom, about how the working environment has changed from the Baby Boomers to Millennials and how the Millennial generation need to change their mindset about retirement in order to not be left behind when they're ready to leave the rat race. Key Takeaways: [4:02] What does Daniel mean when he tells people not to save for retirement??? [8:16] Beware financial advisers, there's more education required to be a hair stylist [12:59] Millennials should embrace the freelance economy [17:18] Daniel is seeing boom time for the next year Website: www.FutureMoneyTrends.com/Save

Jason Hartman talks with Richard Rahn, Advisor to former President George HW Bush and Chief Economist of US Chamber of Commerce for Ronald Reagan, about his thoughts on digital currencies and whether they will ever full grab hold in the United States with the power of the government. They also discuss Richard's time in politics and why he left the White House. Key Takeaways: [1:00] When Richard started being interested in what would eventually become cryptocurrency [8:23] The government could target any one of us because most people are committing crimes they don't even know about. But going after encrypted peer-to-peer transactions would be impossible [12:16] Why does Richard think Bitcoin won't be the answer? [13:29] Richard's time in the Reagan and Bush administration Website: www.IGEG.org

Jason Hartman talks with Doug about short-term debt cycles and what's going on with our economic expansion that's been happening for years. It's been going on for a long time, and at some point it's going to turn, so how do we recognize it? Key Takeaways: [2:10] The Wealth Effect in a booming economy [4:44] What precipitates the turn of the economy? [11:05] The principles that drive the stock market are the same ones that drive real estate [14:40] Can GDP growth and stock market growth have diverging rates of growth for extended periods? [19:57] The primary reason this economic expansion has gone on so long is that it hasn't been inflationary [26:16] The looming pension crisis Website: www.JasonHartman.com/Properties Invest with Sven Carlin, Ph.D.

In today's 10th episode, Jason Hartman talks with Etienne Deffarges, author of Untangling the USA: The Cost of Complexity & What to Do About It, about some of the most pressing issues facing the country, such as health care and our banking system. They look at what exactly is causing the issues, but don't just focus on the problems. Etienne and Jason also discuss the most important part of the problems: their solutions. Key Takeaways: [2:26] We as a society make things much more complex than we need [7:51] Etienne's solution for health care [14:04] How can we improve the world of finance? [18:15] Etienne is in favor of banks having to have a higher equity to debt requirements [21:35] With all of these problems in the world, what's the solution? Website: www.EtienneDeffarges.com

Jason Hartman and Adam examine the Investopedia article referring to the 9 common effects of inflation. The 2 types of inflation (cost-push and demand-pull) are also broken down in regards to how they impact your property value and rent. Then the two examine what impact the Trade War with China could have on the markets properties are available in. If production from overseas come back to the United States, where are we likely to see the impact? Key Takeaways: [3:40] The 9 common effects of inflation [8:36] The land value is the one that's susceptible to big swings in value [12:10] Cost-push versus demand-pull inflation [15:19] How the Trade War could create cost-push inflation in the linear markets we're investing in [18:34] If China ever manages to create a middle class they're going to have to deal with a new set of issues, which might make them an inopportune producer [23:21] When labor shortages hit construction it can make it incredibly expensive to build a house and retain the workers needed [28:00] On

After giving a quick update on his cruise travels, Jason Hartman talks with Taylor St Germain, economic analyst at ITR Economics, about why lower interest rates haven't spurred the higher end housing market. The two also discuss what indicators Taylor looks at to get a gauge on the economy and the impact tariffs have had and may still have yet to come. Key Takeaways: [1:04] Are lower interest rates good news for cyclical markets or are they just too overpriced? [5:31] The rise in wages has helped the economy but it's not changing the overall trend or forecasts [9:29] Why are housing starts so important? [14:34] ITR's concerns with the tariffs currently being put in place [18:50] More tariffs could potentially put us in a recession, so be very careful if we see more coming Website: www.ITREconomics.com

Jason Hartman and Adam today break down a video about how Fannie Mae and Freddie Mac influence the housing market in the United States. While their publicly stated goal is to make housing in the country more affordable, are they really doing that? Listen in to find out. Key Takeaways: [1:19] Fannie Mae Going Away? [3:39] The idea that we need a high home ownership rate is a false idea [8:11] How Fannie Mae props up the housing market [12:53] Fannie & Freddie have a stated goal of making housing more affordable, but they don't do that at all [22:24] If you're investing for yield rather than capital gains, the price of the house has much less importance [25:30] The importance of sustainable investing Website: www.JasonHartman.com/Properties How Fannie & Freddie Prop Up America's Favorite Mortgage by Wall Street Journal

Jason Hartman and Investment Counselor Carrie take a look at some of the prime markets where first time buyers are looking to buy, with several of them being markets his network is currently selling properties. Then the two look into some responses from listeners about some personal information they shared before coming to Meet the Masters as Jason tries to learn more about his friends. Key Takeaways: [1:34] Where first time buyers are looking to buy [5:11] Terminology that Jason thinks needs to be used [8:22] Tampa made the list of places people are looking to live, and it's also a market Jason's group is looking at potentially going into [14:29] The Millennial Struggle House and Home Blogcast [20:04] Some responses from the Meet the Masters question about some interesting facts about attendees [24:15] What life lesson Jason learned from his mom when learning to fly Website: www.JasonHartman.com/Properties

Jason Hartman talks with Doug about why there's been a decline in inventory and what shortages are abound in the housing market. In examining several videos about the housing market and economy, Jason and Doug also look at what impact privatizing mortgages could have and housing affordability in Canada. Key Takeaways: [4:06] The big housing shortage is not in McMansions, it's in the 100k range [4:31] The problem with waiting for the next recession [12:22] Inventory has declined, which has caused upward pressure on prices [18:42] When large developers start building an area, they have to keep the sales going in order to make money, so prices can fluctuate [22:38] The potential impact of privatizing is a prevention of markets overheating Website: www.JasonHartman.com/Properties Email your Spam to reviews@JasonHartman.com

Jason Hartman talks with Laurence Kotlikoff, William Fairfield Warren Professor and Professor of Economics at Boston University, about the massive amount of unfunded mandates that are awaiting the United States. Currently he has that number pegged around $239 trillion, and there are only a few ways that can be resolved. They also discuss how his software, Maxifi, can help those people who are planning toward retirement. Laurence explains the intricacies, assumptions that many people don't make when factoring in their savings. Key Takeaways: [1:29] The most recent number the unfunded mandates are going to cost [8:24] Does Laurence believe in Supply-Side Economics? [11:33] Consuming your way to prosperity has never worked before and won't now [14:52] How Laurence would have dealt with the collapse of Lehman Brothers to calm the public's response to the start of the Great Recession [18:36] Laurence's take on Jason's 6 ways the government can get out of its hole [24:07] Is the future inflationary? [25:34] What do

Jason Hartman talks with Democratic Presidential Candidate Andrew Yang about some of his policy proposals, including the huge idea of Universal Basic Income, the erradication of income tax and the implementation of a VAT. Key Takeaways: [1:40] How Universal Basic Income is different than the welfare state and why libertarians would support it [5:11] Would income taxes go away if Andrew's VAT goes into effect? [9:56] Andrew supports UBI because automation is taking away so many jobs [14:40] The war on normal people [21:06] How the UBI will offset any deficit it creates Website: www.Yang2020.com

Jason Hartman talks with G Edward Griffin, author of The Creature from Jekyll Island, about corporate scams. Too many people hide behind the veil that corporations offer; ripping off consumers and shareholders and letting the company take the punishment. G Edward and Jason discuss this topic, as well as how we can actually change things to allow society to hold those responsible accountable. Key Takeaways: [3:06] It can perfectly legal to extract millions of dollars from a company while the shareholders value drops to 0 [6:12] Trying to punish "the corporation" just means that shareholders get hurt [8:39] How do we hold someone accountable when a corporation does something bad? [10:27] How to actually make change happen to fix this problem [13:35] Governments have a perpetual lien on your property. There's no such thing as owning something "free and clear" [19:33] What is reasoning behind people like Soros when they pump money into politics? [22:09] The Fabian Socialist Society believed you took over society

Jason Hartman talks with Robert Greene, author of the new book The Laws of Human Nature as well as New York Times bestsellers like The 48 Laws of Power and The 33 Strategies of War, about how to approach people to put yourself in the best position for success as well as how to best change your life and circumstances. Robert goes over a few of his 18 laws to help you on your way. Key Takeaways: [3:47] Misjudging people is extremely expensive, and it's getting even harder to do with everything becoming virtual [6:07] Thinking about what other people need or are going through is one of the most important life skills you can develop [9:21] When you ask someone for anything, they are naturally going to be resistant [12:26] We are emotional creatures, largely governed by our emotions [23:59] You can change your own life and circumstances by working on your attitude [27:35] The biggest impediment in people's lives is the inability to affect or influence the people around them Website: www.PowerSeductionAndWar.com

Jason Hartman and in-house economist Thomas take today's episode to examine the 10 things that are happening in the US and abroad that are making the most impact in 2019. Among them are the US/China trade war, interest rates, the Mueller Report, millennial household formations, and more. Key Takeaways: [1:05] The best thing that's happened so far in 2019 is lower interest rates [3:46] Household formation for millennials is looking really good for investors [6:28] The Fed being receptive of market conditions has been a good omen for 2019 [11:21] The 3% GDP growth they said we needed to "pay" for the Trump tax cuts happened [14:20] Blogcast on Creative Destruction [20:16] The Mueller Report's impact on the housing market [22:58] The US needs to negotiate with China now before we operate out of a position of weakness [25:11] When China sat out the bond auction recently it created a wild swing Website: www.JasonHartman.com/Properties Jason Hartman's Real Estate Investor Update Alexa Skill

Jason Hartman talks with Marc Faber, editor at Gloom, Boom, Doom, about what's going on in our economy with the massive asset inflation that's hit in the past few years. The two examine what central banks will have to do in order to deal with the looming shortages and what investments can buck that trend when it arises. Key Takeaways: [3:54] Asset inflation is making the rich richer and leaving the poor and middle class behind [10:01] Will millennials get bailed out by their inheritance from their Baby Boomer parents? [13:16] The 2 investments that will appreciate in a global downturn [15:08] 2 ways central banks can print money [19:40] Inflationary actions can kick the can down the road a long way, but there is one thing that can ruin the party Website: www.GloomBoomDoom.com

Jason Hartman talks with Kelly Alexander, founder of Great American Tax Remedy, about how Kelly has been able to avoid paying Federal income tax since 2014. Kelly's method hasn't had to hold up against an IRS audit, but she's confident that what she's doing is completely legal and can help anyone out. Key Takeaways: [2:39] How Kelly's tax plan to avoid income taxes works [6:17] Who else is using Kelly's technique? [7:38] What Kelly does when she gets paid in order to avoid income tax [17:35] How to report your income on your taxes under Kelly's format [27:48] Why Kelly's strategy works for both state and federal taxes Website: www.MyTaxRemedy.com

Jason Hartman talks with Dr. David D Friedman, son of Milton Friedman, former professor at Santa Clara University in the Law School, and author of books such as The Machinery of Freedom: Guide to a Radical Capitalism and Law's Order: What Economics Has to Do with Law and Why It Matters. The two dissect what role the government should have in society: what it's capable of and what it need to steer clear from, while also delving into the 4 problems that need to be addressed in a feud system. Key Takeaways: [1:47] How David's thinking is similar and different than his father's [4:00] Can the government actually be out of everything? [8:21] One of the mistakes that supporters of free markets make is implying that things won't ever go wrong [11:51] Market failure is a mark for and against government [17:43] What David learned about feud law when looking at various legal systems [21:38] Making the tort claims transferable would make our legal system much better Website: www.DavidDFriedman.com

Jason Hartman talks with in-house economist Thomas about how interest rates in the past 10 years have compared to one another. The two explain why interest rates can be so difficult to predict and how these past 10 years are compared to the past. Key Takeaways: [2:53] Interest rates aren't completely unpredictable, but they're driven by things where you can't know exactly what's going on [6:10] Interest rates back in 2010 [15:49] #5 on Thomas' list is 2017, when interest rates dipped under 4% [20:24] 2015 makes up the #3 spot on the list with interest rates averaging 3.85% [24:18] The #1 year for interest rates in the past decade [28:32] Remember that real estate deals can be renegotiated Website: www.JasonHartman.com/Properties