American Monetary Association


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


Direct download: AMA_205_Ryan_Schellhous.mp3
Category:general -- posted at: 8:41pm EST

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


"The government doesn't like competition in anything, especially currency"

"ICOs are, by far and away, Etherum's biggest proof of concept use case at the moment"

Direct download: AMA_204_Tama_Churchhouse.mp3
Category:general -- posted at: 9:39am EST

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


Foreign investment tends to sometimes make the news in a negative manner, but we should also consider the benefits of foreign investment in the United States

Direct download: AMA_203_Ed_Mermelstein.mp3
Category:general -- posted at: 9:00am EST

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



"It is ICO mania out there, and people are figuring out new ways to launch new companies using cryptocurrency & the ICO method"

Direct download: AMA_202_Luke_Forstmann.mp3
Category:general -- posted at: 9:00am EST

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.


Direct download: AMA_Ron_Paul_Announcement.mp3
Category:general -- posted at: 10:25pm EST

Jason welcomes client, Clay Slocum to the show. Clay is a millennial who currently has four properties in his real estate portfolio. Before buying his first property, Clay worked diligently with Oscar, his Investment Counselor, and a Local Market Specialist to play around with the numbers and he discovered his initial investment could grow exponentially. Clay shares his insights on the power of compounding interest, asset protection, and the Memphis market.

Key Takeaways:

[2:15] Compound interest can be a powerful tool against inflation.

[7:57] Engineers take an analytical approach to investing.

[10:07] After 18 years, $100,000 grow to 14 million.

[17:28] Jason explains a Deferred Sales Trust.

[21:24] If you are on the fence about investing talk with an investment counselor.

[32:18] Asset Protection is a complicated subject you should speak with a lawyer about.

[41:43] Resources for tax help.


Meet the Masters of Income Property 2018

Compound Interest Calculator

"Opportunity cost is a cost most people don’t evaluate."

"When it comes to asset protection most people think about the internal threat, not the external threat which can be costlier."

Direct download: AMA_201_Clay_Slocum.mp3
Category:general -- posted at: 12:00pm EST

Jason Hartman talks with Bob Sutton, author of The A**hole Survival Guide: How to Deal with People Who Treat You Like Dirt, about how to deal with people who are a consistent bear and you can't avoid completely.

Sutton studies organizational change, leadership, innovation, and workplace dynamics. He has published over 150 articles and chapters in peer-reviewed journals, management outlets such as Harvard Business Review and the McKinsey Quarterly, and news outlets including The New York Times, Financial Times, and Wall Street Journal. His books include Weird Ideas That Work, The Knowing-Doing Gap (with Jeffrey Pfeffer), and Hard Facts, Dangerous Half-Truths, and Total Nonsense (with Jeffrey Pfeffer).

Key Takeaways:

[1:33] The reaction Robert got from his first book on "jerks"

[5:20] Some people seem to enjoy being mean down to their core, what does Robert make of the idea that women are attracted to bad boys like that?

[8:51] The "rhythym method" of dealing with jerks

[12:20] How you can pick the right time to fight back against jerks

[16:27] We're all slow to notice our own weaknesses


Direct download: AMA_200_Robert_Sutton.mp3
Category:general -- posted at: 10:12pm EST

Adam Kokesh is an American libertarian who plans to run on the ticket for the 2020 election. His platform calls for a "new American revolution" and has announced plans to run with an eye on the "orderly dissolution of the federal government." His 2014 book FREEDOM! outlines his beliefs and philosophy.

Jason Hartman and Adam discuss his libertarian beliefs, and what exactly a dissolution of the federal government would look like, and if it's even feasible.

Key Takeaways:

[0:53] Who really needs government

[4:10] The great lie behind government

[7:52] How to go about cutting the size of government while maintaining order

[12:10] How you can minimize violence and theft by eliminating government and police

[16:46] Adam's proposed dissolution of the federal government

[17:40] The only executive order Adam would sign as President


Direct download: AMA_199_Adam_Kokesh.mp3
Category:general -- posted at: 9:00am EST

If you want an early peak into a respected year end review, then you need to listen to what Professor David Collum has to tell Jason Hartman. The two discuss the dangerous situation that's being created by entities like the Fed and our own government that will lead to disasterous implications. The problem is, nobody knows when the can will be allowed to stop. We've been able to stave it off for years now, but the bill will come due at some point.

The two also look into the idea of "free speech" on college campuses and how to solve the intolerance shown by the left in that regard, as well as why Warren Buffett continues to lie about the equity market.

Key Takeaways:

[2:36] The merits of price gouging, and why price gouging laws are destructive

[5:40] The issue of free speech on college campuses, and whether it actually exists today

[10:11] If you want to solve the issue with students shouting down speakers, the administrators need to grow a backbone and punish the violators

[13:29] The metrics that show if equities are overpriced are fraudulent

"We shouldn't progress to the mean, we should regress to it, and that gets you to 60-70% regression."

[15:40] David is looking at a 50-70% reduction in the equities market

[18:50] What would happen to the economy if the Fed actually raised rates to something like 4%, and why it's a completely different world than when Voelker gave the economy its "hard medicine"

"Overvaluation is appreciation pulled forward, and undervaluation is deferred appreciation"

[22:40] Warren Buffett is a massive insider who likes to lie about the state of the market


David Collum's Cornell Faculty Page

David's Previous Year End Reviews

Direct download: AMA_198_David_Collum.mp3
Category:general -- posted at: 12:56am EST

Investment Counselor and Local Market Specialist Liaison, Carrie joins Jason Hartman to see if he can correctly predict the effect the rise in interest rates will have on the US economy. Jason reminds us the Feds don’t directly impact mortgage rates but by directly impacting short-term rates all rates will be affected. For those of you who have income properties, the higher interest rates will put upward pressure on rents.

Key Takeaways:

[3:41] What does the spike in interest rates mean for investors?

[9:55] Higher interest rates will put upward pressure on rents and lessen the concentration of wealth.

[14:05] Local Market Specialists and Investment Counselors are always working in the client’s best interest.

[23:29] It’s important to get pre-approved for financing in today’s seller’s market.

[24:58] Jason hints about the location for the next Venture Alliance Mastermind.


Grant's Interest Rate Observer

***The Property Tour Referenced in This Episode Has Passed***

"The Fed has weapons it can use to fix the economy and interest rates are one of those weapons."

Direct download: AMA_197_Interest_Rates.mp3
Category:general -- posted at: 1:58pm EST

Tyler Sheff, host of the Cash Flow Guys podcast, invited Jason Hartman on his show to discuss the different market types in the USA, and got some tips on remote managing as well. Jason explains that the stigma behind buying homes sight unseen, as well as self managing properties a thousand miles away, has abated some due to the wonders of technology.

Key Takeaways:

[1:56] What Jason learned when he owned properties in 11 states

[6:52] Whether Tampa is a linear, hybrid, or cyclical market

[11:18] Our brains relation to the number 3 and how it relates to Jason's diversification strategy

[15:57] Jason's experience of beginning to self manage his remote properties

[18:30] When tenants are connected directly rather than through a property manager they tend to take care of more things themselves

[23:32] The need for standardized data when evaluating properties


Meet the Masters 2018

Direct download: AMA_196_Tyler_Sheff.mp3
Category:general -- posted at: 8:00am EST

Jason Hartman welcomes Economist Mike Norman to the show to discuss Modern Monetary Theory or MMT. Mike shares examples of common misconceptions people have of the US monetary system and economy, such as the US debt clock, that inflation equals growth, and how the tax system works. He believes that the US has an unlimited supply of capital and balancing the budget or functioning as a fixed monetary system would accomplish the opposite of what is needed to create growth.

Key Takeaways:

[0:55] Modern Monetary Theory (MMT) explains the value of money.

[3:54] A tax system is required to create demand for money.

[8:46] A fixed monetary system creates cycles of economic depressions and recessions.

[11:08] The US national debt is a summation of what is owned by the US and its constituents.

[18:39] A dollar must be created and pumped into the economy before it can be used to pay a tax debt.

[21:01] The US has an unlimited amount of new capital.

[26:28] There is a difference between inflation and growth.


Mike Norman on YouTube

Direct download: AMA_195_Mike_Norman.mp3
Category:general -- posted at: 7:00am EST

Jason welcomes Patrick Donohoe of The Wealth Standard Podcast to discuss the dirty details of pensions, insurance policies and Ponzi schemes. Jason describes the difficulties and common mistakes average retail investors make when investing in financial services. And, Pat gives a comprehensive overview of how to make the most of your existing policies in order to invest your money in the most historically-proven asset class, income property.

Key Takeaways:

[1:15] Is the US a giant Ponzi scheme?

[4:21] Understanding the difference between pension benefit plans and contribution plans is essential.

[14:05] The financial service industry preys on retail investors.

[19:39] Harry Markopolos is waiting to capitalize on a market correction.

[25:59] Analyzing the patterns and mistakes of the middle-class investor.

[34:17] The Wealth Standard Podcast focuses on helping individuals understand the comprehensive nature of the economy.

[36:39] Pat explains how policyholders can reduce their risk and get investment money for cash-flow properties.


Be Your Bank

The Wealth Standard Podcast

The Wizard of Lies

Venture Alliance Mastermind

Direct download: AMA_194_Patrick_Donohoe.mp3
Category:general -- posted at: 10:57am EST

Jason Hartman and Richard Duncan continue discussing what Richard thinks will happen if the government stops supporting the global bubble, how the government can get back in the black on the spreadsheets, and why today is unique in terms of economic history.

Richard Duncan is Chief Economist at Black Horse Asset Management, the author of The New Depression: The Breakdown of the Paper Money Economy and The Dollar Crisis: Causes, Consequences, Cures. His Macro Watch video series can help individuals to clearly understand how the financial system really works. Mr. Duncan previously held the position of economist for the World Bank and the International Monetary Fund.

Key Takeaways:

[1:00] The rules completely changed when we ditched the gold standard and went to a paper money economy

[10:35] The winners in our new, global economy

[13:16] How governmental policy is driving the global bubble

[16:15] Never in human history have we seen what happens when the economy becomes global and money is printed in this abundance

[21:33] How we can pull our nation out of debt


The New Depression: The Breakdown of the Paper Money Economy

The Dollar Crisis: Causes, Consequences, Cures

Direct download: AMA_193_Richard_Duncan.mp3
Category:general -- posted at: 10:01pm EST

Jason Hartman welcomes Richard Duncan for the first of a two-part conversation about what is driving the economy, and which mistakes could catapult the US into a recession.


Key Takeaways:

[1:01] Richard Duncan has a unique, insider’s view of world economics and FIAT money.

[6:06] In the US, when credit grows less than 2% the US goes into recession.

[11:17] Creditism is the new Capitalism.

[13:37] Looking back at the policies which saved the world economy in 2008.

[19:35] It’s a very sensitive moment in the economy as the Fed is considering reversing quantitative easing.

[23:27] Globalization has changed the way the economic game is played.


The New Depression: The Breakdown of the Paper Money Economy

The Dollar Crisis: Causes, Consequences, Cures

Direct download: AMA_192_Richard_Duncan.mp3
Category:general -- posted at: 12:00pm EST

Jason talks with the co-founder of Reaganomics, Paul Craig Roberts. Together, they discuss some of the international threats that could face America, thanks to the recent actions from Washington. Specifically, they deal with issues of demography, currency and military developments in Russia and China and consider the potential impact of each of these on the United States.

Key Takeaways:

[1:55] The ruble should be strong in comparison to the dollar, and yet the ruble is risking collapse.

[5:49] The reserve currency status no longer seems as stable when we look at potential drops in use of the dollar.

[13:04] Paul Craig Roberts describes the US’s current position with regards to Russia and China.

[23:03] We’ve got a whole generation of people who now can’t afford to live on their own terms.

[25:56] The discussion moves to inflation and how it could transform the US economy.

[35:03] With so many problems, is there a solution?


Originally recorded in 2014

Direct download: AMA_191_Paul_Craig_Roberts.mp3
Category:general -- posted at: 8:43pm EST

Ever wonder why some people are liberals and others are conservative? Is there something different in their brain chemistry or is it just the way they were raised?

Dr. Rossiter is board certified in both general and forensic psychiatry. For more than forty years he has diagnosed and treated mental disorders, with a special interest in personality pathology and its developmental origins. He's also author of the book The Liberal Mind: The Psychological Causes of Political Madness, and talks about the belief that government can solve our problems and politicians have our best interests at heart.

Key Takeaways:

[2:18] The differences in mindset between liberals and conservatives

[5:38] Big government countries oppress religion because government needs to be the highest power

[9:56] Communist and socialist regimes have killed nearly 200 million people in the past century

[13:36] The people who describe themselves as caring are callous when they get power

[18:40] Politicians don't seem to have a grasp on obvious economic truths

[21:15] Adolescents need something to commit to and idealize things and people

[25:07] Big government is a great deal for the ruling class


The Liberal Mind: The Psychological Causes of Political Madness

Direct download: AMA_190_Lyle_Rossiter.mp3
Category:general -- posted at: 8:15am EST

Mark Meckler co-founded the Tea Party Patriots, and is also an author. On the show, Mark talks about his organization, self-governance, and why people hate the Tea Party movement so much.

Key Takeaways:

2:30 – The Tea Party founded was in 2009.

4:45 – Why is the Tea Party hated so much?

16:45 – What is an amendment convention? Mark explains.

21:50 – Congress passes board enabling acts and the regulators actually do the legislating. Mark and others are working towards stopping this.

25:40 – Elections are not enough, but with that said, we still need to vote.

28:05 – Would Texas become the Hong Kong of the United States?

31:00 – Remember, the larger the government, the smaller the citizen.


Tea Party Patriots: The Second American Revolution by Mark Meckler

The Liberty Amendments: Restoring the American Republic

(Originally recorded in Nov 2014)

Direct download: AMA_189_Mark_Meckler.mp3
Category:general -- posted at: 8:11am EST

In the early 1980s, Seth Merrin was an intern on Wall Street who saw ways the industry could change for the better. His first startup was an order management software that asset managers around the world use. He later created the company Liquidnet Holdings that allows institutional investors to trade large blocks of stock.

Jason Hartman caught up with Seth to talk about his newest book, The Power of Positive Destruction, and how business owners can take ideas from other industries and disrupt theirs.

Key Takeaways:

[0:46] The premise for the Power of Positive Destruction

[2:53] Taking things from one successful industry, and applying them to your different industry, can provide huge boons

[5:35] The positive destruction created by companies like Uber, Lyft, AirBnB, etc

[8:59] The art and science of launching a company

[12:24] How Seth applied the principles from his book on his own companies

[16:05] Whether Wall Street is swinging back toward being an institutional game, and how Seth's platform plays in that

[21:03] The idea of corporate responsibility, and how the proceeds from the book sales are going to help house the orphans of the genocide in Rwanda


"You either have a culture by design, or you have a culture by default. And you don't want to have a culture by default."

Direct download: AMA_188_Seth_Merrin.mp3
Category:general -- posted at: 4:11pm EST

Jason and guest, Bob Filner, debate the Trump Administration, how the remiss government regulators are towards financial institutions, and the need for a complete reinvention of the Democratic party. As the former House Committee Chairman on Veteran’s Affairs, Bob Filner tackled Jamie Dimon and JPMorgan by threatening to press charges for their unethical treatment of military personnel by foreclosing on their mortgage loans. Mr. Filner was also the Mayor of San Diego and this interview comes on the heels of the release of his new book, Trumping Trump: Making Democrats Progressive Again.

Key Takeaways:

[:58] Bob Filner shares the purpose behind his book, Trumping Trump.

[3:26] Will the Tobin tax discourage trading and betting on non-asset based investments?

[5:20] Bob would like to rebrand the democratic party as the party of the working people.

[7:18] Bob threatened Jamie Dimon and JPMorgan for foreclosing on military personnel’s home while they were serving in active duty.

[13:20] It is pathetic how easily you can buy justice.

[14:12] Does the financial system need less or more regulation?

[24:21] The problem with the Trump administration as Bob Filner sees it.

[29:27] Trump’s policies could have a devastating affect on the US economy.

[31:23] What benefits the American worker more jobs and higher pay or low cost imported goods?


Trumping Trump: Making Democrats Progressive Again

Direct download: AMA_187_Bob_Filner.mp3
Category:general -- posted at: 8:39am EST

In 2016 Jason was joined by Harry Dent, from Dent Research, to discuss the tax benefits you can get from moving to a US territory like Puerto Rico, some cyclical markets that are out of control, demographic problems around the world, inflation, and foreign investors in US real estate.

Key Takeaways:

[1:05] Harry's new home in Puerto Rico, and the tax benefits he can receive

[5:03] Vancouver real estate is out of control

[10:16] Japan's biggest problem is a demographic problem

[14:06] Previously Harry had predicted a drop in gold which hasn't happened, does he still believe it's going to go down or was he wrong?

[18:46] In a deflationary environment the only chance you have to make money is in yield, which can be found in linear markets with cash flowing properties

[24:07] Most foreign real estate investors are legally laundering their money out of their country


Direct download: AMA_186_Harry_Dent.mp3
Category:general -- posted at: 12:00pm EST

Jason Hartman talks to Yahoo Finance’s Jeff Macke about the impact of changing technologies, the perception of Doomsday skepticism and what underemployment means for those seeking jobs and those hiring. Macke also ways in on the inflation/deflation debate and discusses some of the points raised in his book Clash of the Financial Pundits.

Key Takeaways:

[1:39] Discrepancies between what we're told by the press and economic realities

[5:00] New technology and human resources can combine to end extreme inefficiency.

[8:10] Underemployment is a tricky issue when we have so many graduates with massive student debt who still can’t get a job.

[12:36] How many jobs will this new technology end up replacing?

[16:44] Investing with a belief in a Doomsday end is not a good idea

[18:04] Are we headed toward inflation or deflation?

[22:03] – There are two real ways of making money as a pundit: make other people money or just scare them.

[23:20] The gold-bugs focus so much on the math, but it’s just not all about math. We now have so many other factors that come into play, and we can’t forget about them.


Clash of the Financial Pundits by Jeff Macke


Update: Jeff Macke is no longer with Yahoo! Finance

Direct download: AMA_185_Jeff_Macke.mp3
Category:general -- posted at: 8:00am EST

At some time or other, every asset class has been in a bubble. Whether it's the dot-com bubble of the 90s or the housing bubble in the 2000s, booms and busts are commonplace at this point. When they happen you have to make sure you're diversified and prepared for the downturn.

But what happens if it's not just one asset class? What if the bubble is...everything?

Mish Shedlock, economist and investment advisor at SitkaPacific Capital Management, talks with Jason about just this phenomenon, and provides some thoughts on ways you can protect yourself in the middle of this everything bubble.

Key Takeaways:

[2:57] Mish's Rule of Progress

[10:13] The Shiller P/E Ratio Chart and what it says about the market today

[11:58] The Buffett Indicator

[15:53] The Mish Shedlock investing thoughts for right now

[19:31] How asset inflation is leaving investors behind

[23:57] Some real estate price examples on the East coast that show the dangerous bubble we're probably in, and how policies are set up to aid the rich in their wealth creation


Direct download: AMA_184_Mish_Shedlock.mp3
Category:general -- posted at: 12:00pm EST

New lending rules means new investment strategies for real estate investors. That's why it's important to keep up with what Fannie Mae is doing with loans. Jason calls in one of his lenders to find out what's changed recently and how that will effect what you're buying, and how you're buying properties.

Key Takeaways:

[1:45] Your first 10 properties can be purchased with only 20% down

[3:58] Rising interest rates mean you should lock in your rate sooner rather than later

[8:52] 85-90 days in the maximum time to lock in a rate.

[10:23] What loan level price adjustments to rate means

[12:37] The Trump administration may replace the head of the Consumer Financial Protection Bureau.

[17:30] The ease or difficulty of qualifying for a loan.


Direct download: AMA_183_Better_Financing.mp3
Category:general -- posted at: 10:35pm EST

Single-family homes sales rose in January. This has made income property inventory low. Jason shares a live recording from a previous seminar in which he thoroughly explains why investing in a single family home as income property is the only logical investment during an inflationary period. And, if the signs are correct the U.S is entering an inflationary period under the Trump administration.

Key Takeaways:

[0:44] Inflation induced debt destruction by way of a mortgage.

[2:51] Jason explains how the government manipulates inflation numbers through hedonic adjustment.

[10:19] The ultimate investing equation.

[17:38] Anything that does not produce income is not an investment.

[19:29] Cash and bonds are destroyed by inflation.

[21:31] The IRS does not account for inflation.

[24:45] During deflationary periods people default on their loans.

[27:08] If you have a corporate job you are paying more taxes than the self-employed.


Direct download: AMA_182_Asset_Matrix.mp3
Category:general -- posted at: 3:57pm EST

Bubbles abound in the world of investing, and today is no different. Jason welcomes Harry Dent, author of The Sale of a Lifetime, about what's going on today in the stock market, real estate market, political world, and worldwide economic statuses. Harry points out what nation in Europe that reminds him of Japan before their massive downturn, and gives Jason a rundown of what to look for BEFORE you see a bubble burst.

The two look at what you might actually want to be investing in when the bubble bursts.

Key Takeaways:

[4:42] The massive bubble that is Chinese real estate

[12:46] Why Harry studies 80-250 year cycles when the world is rapidly changing today

[15:31] Examining the Trump rally

[24:02] Why Jason hates the Case Shiller Index

[28:14] The phases of a housing crash


Direct download: AMA_181_Harry_Dent.mp3
Category:general -- posted at: 12:59am EST

For this 10th Episode, Jason goes off topic and welcomes William Poundstone, author of the new book, Head in the Cloud: Why Knowing Things Still Matters When Facts are So Easy to Look Up. Mr. Poundstone is also the author of the New York Times best-selling books, Fortune’s Formula: The Untold Story of Scientific Betting System that Beat the Casinos and Wall Street, Priceless: The Myth of Fair Value and How to Take Advantage of It and Gaming the Vote: Why Elections Aren’t Fair and What We Can Do About it.

Key Takeaways:

[1:12] William explains the premise of his latest book, Head in the Cloud.

[5:03] Having a general knowledge of baseline facts and the Dunning-Kruger effect have humbling assets.

[7:28] The larger a person’s vocabulary is akin to their ability to think.

[11:12] How does America stack up on the map of ignorance?

[13:43] Americans will vote for judges with less ethnic sounding names if they don’t know the candidates.

[19:51] The Kelly Formula informs a user of the optimal amount you should be putting on each bet or investment.


Direct download: AMA_180_William_Poundstone.mp3
Category:general -- posted at: 9:04pm EST

Frances Donald, Senior Economist at Manulife Asset Management and Chief Economist at John Hancock Financial Services, explains to Jason the changes in consumer, investor, and executive sentiment numbers in the home and job market. While we don't know exactly why the economic is experiencing such a resurgence, Frances does attribute at least some of it to the potential policy changes Trump is looking to bring.

Frances and Jason also discuss pent up real estate demand, and how student loan debt is impacting that.

Key Takeaways:

[0:57] Investor sentiment gives a positive outlook for the US economy

[3:39] Is Trump the cause of the economic forecast?

[4:56] Rising interest rates present a challenge for the housing market

[7:57] Trump is inspiring confidence in companies all across the country

[9:38] Real estate investment is a small part of the total economy

[14:30] There are two true drivers of rental housing

[16:47] The housing and rental markets are not currently in their natural order

[20:26] The importance of demographics in relation to wage growth



There are fewer multipliers to growth from a rental market than there are from a housing market.

Direct download: AMA_179_Frances_Donald.mp3
Category:general -- posted at: 8:39am EST

Jason Hartman talks with James Dale Davidson, co-founder of Agora Publishing, Founder of the National Taxpayer’s Union, co-editor of Strategic Investment for the Sovereign Society, and founder of Newsmax. James has just written his newest book, The Breaking Point: Profit from the Coming Money Cataclysm. James believes that, in his lifetime, we are likely to see a massive marketplace disaster compliments of Obamacare, Chinese ghost towns, printing money, and other bad economic decisions.

Key Takeaways:

[1:20] The Western Civilization has a new business model and social contract

[5:57] Some of Trump's support came because middle class white voters are experiencing a decline in their life expectancy

[9:13] What does the US economy look like under a Trump presidency?

[10:27] James' latest book, The Breaking Point, examines the relationship between drug companies and the food industry.

[14:19] Some business savvy for our politicians would help them out a lot

[18:00] Bernie Sanders and Karl Marx share some similarities

[20:02] Fake capital lets people borrow money practically for free

[27:26] We can't keep passing the buck down generation after generation

[31:22] Chinese ghost towns used more cement in a dozen years than our entire country did in the 20th century

[37:27] Chile has provided most of the copper used by the Chinese

[40:48] We are staring into the face of the biggest economic crisis in history


The Breaking Point: Profit from the Coming Money Cataclysm

Direct download: AMA_178_James_Davidson.mp3
Category:general -- posted at: 12:00pm EST

The housing market is always on a pendulum, but where are we now? Self driving cars are going to be changing the dynamics of our society, but are they going to push more people into the city or have more people moving to the suburbs? Jason Hartman and Matt Slepin, President of Terra Search Partners, discuss what is going on in real estate today, and how our changing environment is impacting real estate in the future.

Key Takeaways:

[2:36] Where Matt thinks we are in the business cycle, and whether we've overbuilt apartments

[6:49] The issues going on in the retail and office investment markets, and why apartment investing makes more sense these days

[11:13] The rise of the autonomous vehicles and how they will change the real estate demand equation

[15:29] What does Urban Land Institute do and what issues are being discussed?

[19:22] What Matt has learned in his real estate podcast

[22:51] Two conflicting trends in property management


Direct download: AMA_177_Matt_Slepin.mp3
Category:general -- posted at: 10:47pm EST

The Trump administration will bring changes to the real estate market. Legislation and regulation changes could help small and medium size banks while also increasing the amount of lending done by the biggest banks. Jason Hartman talks with Bob Pozen, Senior Lecturer at MIT's Sloan School of Management and former Associate General Counsel for the SEC, about these things, and what is realistic to expect under President Trump. Bob is author of Extreme Productivity and Too Big to Save.

Key Takeaways:

[2:11] Legislation that may be changed through banking system while Dodd-Frank is left as is.

[5:50] Small and medium sized banks need regulation relief

[7:33] Fannie Mae and Freddie Mac are having problems because they were never made public or private

[11:13] FHA and VA insure all mortgages made by banks

[11:55] Real estate prices will rise as money flows into the market

[14:46] Rising rates will bring a temporary increase in home purchases, but will level off soon thereafter

[15:28] Pozen was chosen by President Bush to join a bipartisan commission to strengthen Social Security.

[17:00] Security and Exchange Commission has constraints regarding employees working for corporations after their service.

[19:22] Getting to the gist of Bob Pozen’s book Too Big to Fix.

[21:59] Peer-to-Peer lending is pretty much unregulated.

[23:38] As the economy strengthens banks should lend more.


Direct download: AMA_176_Bob_Pozen.mp3
Category:general -- posted at: 10:42pm EST

Doug Casey is a (successful) speculator, a libertarian philosopher, and a best-selling author. He has a reputation for his sometimes controversial insights into politics, economics, and investments. His speculation is often called "rational speculation", and he's one of the authorities on the matter, and is highly regarded in the high-potential natural resource sector.

Doug's new book, Speculator, is a venture into fiction, a departure for him. Jason Hartman and Doug discuss the new book, how to be an international man today, and real estate all over the world.

Key Takeaways:

[1:45] A quick rundown of Doug's new book Speculator

[4:40] Speculator is the first in a series, and has some main topics that Doug explores.

[8:35] Doug's book International Man made him semi-famous and is the most sold book in Rhodesian history

[12:30] The world's move toward the singularity

[15:50] The scam that is college education and tuition

[20:20] Diversifying yourself internationally

[24:20] Is the world flat now?

[29:00] We're at the beginning of the next crash while riding the tail of the previous crash


Speculator: High Ground

"The economy is falling apart again, but this time it's going to be much different, and much worse"

Direct download: AMA_175_Doug_Casey.mp3
Category:general -- posted at: 9:00am EST

It might look like a children's book, but Goodnight Obama is more than just that. It's an important reminder that parody is critical in this day and age.

Dr Jerome Corsi is author of Goodnight Obama, and is also head of the Washington, DC News Bureau for Alex Jones and The two discuss his newest book, as well as what Jerome is expecting out of President Trump, and where we are in the business cycle.

Key Takeaways:

[1:10] The idea behind Jerome's Goodnight Obama book

[6:41] Whether people who didn't vote for Trump are going to be pleasantly surprised when they realize what he's doing in office

[17:30] What Trump means when he talks about "infrastructure spending" isn't what most liberals think

[21:46] According to the idea of business cycles we're due for a recession. Is it going to hit Trump, will he avoid it, or is the idea of a business cycle outdated?

[24:23] The USA return to a carbon based economy



Direct download: AMA_174_Jerome_Corsi.mp3
Category:general -- posted at: 4:20pm EST



Key Takeaways:




[10:29] How pop culture impacts presidents





Shall We Wake The President?

Direct download: AMA_173_Tevi_Troy.mp3
Category:general -- posted at: 8:00am EST

Just before the election, Jason Hartman talked with Bill Ayers, a retired Professor of Education, contributor to academic journals, and an original member of the Weather Underground. Bill has written several books, including his newest, Demand the Impossible! A Radical Manifesto. Jason and Bill discuss eight major points from his book, and look into what the US can do to right itself.

Key Takeaways:

[1:28] Demand the Impossible calls for Americans to release their imaginations and consider the impossible.

[3:51] The eight issues addressed in Bill Ayers’ Demand the Impossible! A Radical Manifesto.

[5:06] Privatized prisons are destroying America. The US has 20% of the prisoners in the entire world.

[6:50] What does public safety look like for free people in a democratic society?

[9:09] You can't label Bill has a tax and spend liberal

[12:28] The US needs a massive education reform

[21:14] Democratic and the Republican parties agree on war and Wall Street, but little else.


Direct download: AMA_172_Bill_Ayers.mp3
Category:general -- posted at: 8:00am EST

The market is moving and it seems to be moving in the right direction for real estate investors. The historical average for appreciation for single family homes is ~6% nationwide. If you are already an income property investor, the good news is rents may be pushing upward. Jason’s guest today is the author of the new book, Global Shocks: An Investment Guide for Turbulent Markets. Nick Sargen is Senior VP and Chief Economist at Fort Washington Investment Advisors. He is a former economist at Morgan Guaranty trust, Salomon Brothers, Prudential Insurance and JP Morgan. He shares his insights about how the markets will react to a Trump presidency.

Key Takeaways:

[1:05] President-elect Trump may lead the US with a pro-business stance.

[4:33] Trump is a spender which could lead to higher interest rates.

[5:45] Nick Sargen worries about Trump’s trade issue.

[9:41] Budget deficits do not mean inflation.

[12:08] Trump will be a pro-growth, real estate president.

[15:00] The market is moving with the belief that all of Trump’s policies will promote growth.

[17:50] Diving into the Global Shocks: An Investment Guide to Turbulent Markets book.

[20:24] How to capitalize on a bubble.

[24:08] Financial institutions have led the way during the current stock market rally.


Nick Sargen

Global Shocks

Direct download: AMA_171_Nick_Sargen.mp3
Category:general -- posted at: 6:10pm EST

Jason Hartman talks with Kare Anderson about the nuances of human communication. Kare is an Emmy award winning journalist, reporting for such outlets as NBC, Wall Street Journal, Forbes, and the Huffington Post.

Kare's TED Talk on becoming an opportunity makers has over a million views, she's a co-founder of 9 PACs, and author of such books as Mutuality Matters and Moving From Me to We. She's considered an expert on connective behavior.

Key Takeaways:

[2:32] What does connective behavior mean?

[4:49] Simple ways for people to connect include getting specific sooner, showing warmth before competence, sitting sidle and walking.

[7:33] Create a bigger pie when someone is attacking you.

[8:49] Don't let other people determine your behavior, plan your own course first

[9:27] A connective leader has the most clout.

[12:05] Look for something you like about someone and keep it in mind every time you see that person.

[16:28] How do journalists like Kare Anderson get people to open up and provide a fuller, richer story during an interview?

[19:50] How did the Bruce/Caitlyn Jenner and Diane Sawyer handle their roles during the interview?

[25:44] To have a meaningful and accomplished life means being grounded and truly listening to other people.


“Getting specific sooner means giving the important details first.”

Direct download: AMA_170_Kare_Anderson.mp3
Category:general -- posted at: 9:16am EST

Jason Hartman talks with Nick Adams, founder and Executive Director of FLAG, the Foundation for Liberty and American Greatness. The two take some time to discuss Nick's bestselling book, The American Boomerang: How the World’s Greatest Turnaround Nation Will Do It Again. They also delve into their expectations for Trump's presidency, and Nick explains why he's of the belief that Trump very well might be a great American president for the next 8 years.

Key Takeaways:

[1:51] The American Boomerang details what Nick thinks an American Renaissance needs to actually take place

[3:41] Nick is a proud Trump supporter, and started reading Trump's work when he was 11 and read The Art of the Deal

[7:40] The Tall Poppy Syndrome does not apply in the US.

[12:12] American is considered exceptional in the world culturally, militarily, economicly, and scientifically

[15:31] Consumer confidence needs to improve to ramp up the economy

[16:30] 5 key elements America needs to get an economic boomerang

[20:18] What should we expect in President Trump's 4 years?


Direct download: AMA_169_Nick_Adams.mp3
Category:general -- posted at: 10:04pm EST

Jason Hartman talks with Dr. Robert Johnson, President and CEO of the not for profit American College. Dr Johnson has written Invest with the Fed: Maximizing Your Portfolio Performance by Following Federal Reserve Policy, Strategic Value Investing, and the study What to Expect When You’re Electing. The two men investigate market strategies, how one party controlling Congress and the Presidency does to the economy, and how asset classes react to interest rate changes.

Key Takeaways:

[3:08] The reforms the Republican party could bring while controlling two branches of the government

[6:34] Invest with the Fed analyzed how asset and equity classes perform during different interest rate environments.

[9:22] Stock market growth is higher when democratic presidents are serving or when there is political harmony.

[12:00] Long-term perspectives show the economy and the stock market move forward together.

[14:40] The best strategy is a long-term market strategy.

[16:19] Equity real estate investment trusts perform very well during rising rate environments.

[18:14] Will the cost of small business financing go up under a Trump administration?

[21:00] Is this time going to be different?


Direct download: AMA_168_Robert_Johnson.mp3
Category:general -- posted at: 4:22pm EST

Jason Hartman talks with James Adams, former Waffle House employee and analyst. His new book, Waffle Street: The Confessions & Rehabilitation of a Financier, tells of his time working on Wall Street during the housing market crash. After exiting the modern version of organized crime that is Wall Street, James got a job at Waffle House. His time there led him to write his book (now movie starring Danny Glover).

James explains the central banking system, the ramifications of printing money, and which major nation the next crisis might wipe out.

Key Takeaways:

[1:25] James' original title for the book





[14:23] Central banks are creating electronic liabilities.


[21:59] Printing money works until it doesn't






Direct download: AMA_167_James_Adams.mp3
Category:general -- posted at: 4:22pm EST

Jason Hartman and Ed Conard, founding partner of Bain Capital, discuss the current economic situation facing America. Conard is the author of Unintended Consequences: Why Everything You’ve Been Told About the Economy is Wrong, and The Upside of Inequality: How Good Intentions Undermine the Middle Class. The conversation includes discussion on CEO pay, the tech industry, and the impact of current regulations on competition in the marketplace.

Key Takeaways:

[1:28] Ed the tremendous growth Bain Capital was able to achieve while he was there with Mitt Romney

[3:30] Bain Capital offered clients the ability to invest in capital management and management supervision deals

[5:07] Bain Capital also used a higher risk strategy, which allowed them to capitalize on investments in undervalued assets.

[7:21] The Upside of Inequality explores the American workers productivity

[12:18] The US economy is accelerating and the Fortune 400 continues to have turnover, which are both good signs for our country

[14:47] CEO pay may grab headlines, but it may not be quite so outlandish

[19:36] Tech companies pay less taxes and have fewer regulations

[21:22] Profitability in the tech sector continues to grow

[22:23] There's a profitability squeeze in most of the economy

[24:45] Trained talent and risk tolerance are the limiting factors to growth in this new economy.


Direct download: AMA_166_Ed_Conard.mp3
Category:general -- posted at: 9:00am EST

Jason Hartman and one of his clients, Gary Pinkerton discuss an article from called "27 Charts That Will Change How You Think About the American Economy". The reporter of the story notes that productivity, demographics, and inflation have all changed in the US economy in the past few years. The two looking into what it means for real estate investing if people continue working past social security mandated ages, what kinds of work opportunities are available to people, and how Americans spend thrift ways (combined with the lack of real wage growth) have left many unable to purchase a home.

Key Takeaways:

[3:40] How Gary became a fan and follower of Jason

[5:57] Timothy Lee's article on, "The 27 Charts that will change how you think about the American economy"

[10:07] The service industry provides a key indicator in regards to the American standard of living

[13:59] Labor force numbers have been on the decline since 2000

[16:30] The main areas of the country that are showing growth are urban

[21:05] Timothy shows inflation-adjusted home prices in chart #19


[30:42] American retirement is no longer a set definition


Direct download: AMA_165_Gary_Pinkerton.mp3
Category:general -- posted at: 9:00am EST

Jason Hartman talks with Daren Blomquist, Senior VP at ATTOM Data Solutions and the Executive Editor of ATTOM’s award-winning Housing News Report. The two look into the impact our new President, Donald Trump, could have on real estate investing, how he might change the economy, and what sort of regulations (or lack thereof) that might impact our investing future.

Key Takeaways:


[5:55] Lack of wage growth has caused affordability issues

[8:46] Housing bubbles tend to be created by lower interest rates

[11:33] Housing prices continue escalating while home ownership has dropped to a 50 year low

[15:43] What impact would repealing Dodd-Frank have?

[19:11] ATTOM’s Housing News Report article explains the phenomenon of big banks running away from the mortgage business

[20:16] October 2016 saw a continued increase in foreclosure activity

[24:29] The promised $1 trillion infrastructure investment will help real estate investors.

[25:36] Get the Housing News Report free for a year by emailing and mention "Creating Wealth"


Direct download: AMA_164_Daren_Blomquist.mp3
Category:general -- posted at: 1:20pm EST

Jason Hartman talks with Andrew Wright, CEO and Managing Partner at the commercial real estate firm Franklin Street. Andrew has been involved in over $1 billion in real estate and finance transactions, as well as more than $800 million in debt resolution since 2009.

Jason and Andrew discuss how commercial real estate has had to adjust to the changing social dynamics, and where you might best be investing your money today.

Key Takeaways:

[1:20] What to expect from our first real estate president

[4:44] Retail centers have had to substantially change thanks to the internet

[8:16] Warehouse and delivery industries have seen a boon because of the internet bringing in things like same day shipping

[12:39] Andrew gives his opinion on how much more room we might have to grow

[16:48] Andrew dissects the current cap rate availability for commercial real estate

[18:53] The 1 investment Andrew loves today


Direct download: AMA_163_Andrew_Wright.mp3
Category:general -- posted at: 12:21am EST

Jason Hartman talks with Ed Martin, former President of The Eagle Forum and former Chairman of the Missouri Republican Party, about the conservative case for Donald Trump.

Jason and Ed discuss the vision they believe Trump has, the willingness to do what's right for America, how America can fix our trade issue, and the dangers of the establishment like the Clintons represent.

Key Takeaways:

[1:45] Whether we need a conservative case for Trump when many of his former stances seem liberal

[4:32] Where Ed stands on free trade

[8:47] The difficulty of creating a level playing field between nations when discussing trade

[13:10] Why we need someone to come in and shake things up

[16:40] The Clintons as the status quo

The Conservative Case for Trump

Direct download: AMA_162_Ed_Martin.mp3
Category:general -- posted at: 10:52pm EST

James D. Kuhn is President of New York City’s Newmark Grubb Knight Frank commercial real estate advisory firm. James joined Jason Hartman to discuss the impending Trump presidency. They discussed everything from what it could mean for everything from real estate markets to the potential for inflation in the US. Without a political record to look back on, if Trump properly handles trade policies and corporate initiatives, he could spur job growth in struggling communities.

Key Takeaways:

[2:03] Trump could have a serious impact on real estate

[6:12] Trump's trade policies will definitely create winners and losers

[11:19] James wholeheartedly believes the link between the lower and middle class benefiting from job growth is education.

[14:14] Online college should be accessible to all and cheap

[16:14] Real estate investors are having trouble finding value even before the election

[19:00] When will the Fed decide the US is ready to handle some inflation?

[20:42] Real estate is the last great investment opportunity

[23:09] Never forget, thou shall not gamble in real estate investing


Direct download: AMA_161_James_Kuhn.mp3
Category:general -- posted at: 6:19pm EST

Dan Millman has written 17 books, including his new book “The Four Purposes of Life”. He opens up about the special life calculator which uses numbers from your birth date to help illuminate your life path.

Dan is a former world champion athlete and martial arts instructor who, after a 20 year spiritual journey founded the Peaceful Warrior's Way. His work was even transformed into a feature film starring Nick Nolte, called "Peaceful Warrior".

Key Takeaways:

[2:05] Dan's journey while writing The Four Purposes of Life

[4:09] What are the Four Purposes of Life?

[6:26] Expanding on Purpose #4 – Attend to the arising moment

[11:55] What impact increasing your quality of presence can have on your life

[13:35] Purpose #1 – being graceful while learning the lessons of life

[17:31] Purpose #2 – Your career and your calling aren't necessarily the same thing

[20:45] Purpose #3 – Discover life’s path

[25:25] The purpose of Dan's books

[26:05] 12 required courses in the school of life

[27:40] Dan's contact information


Everyday Enlightenment

The Four Purposes of Life

Direct download: AMA_160_Dan_Millman.mp3
Category:general -- posted at: 10:34pm EST

Jason Hartman was joined by Joel B. Pollak as they discussed his new book: See No Evil, 19 Hard Truths the Left Can't Handle. Joel is Senior Editor-at-Large and In-House Counsel at Breitbart News in Los Angeles, California, and also Editor of Breitbart California.

Before coming to work with founder Andrew Breitbart, he ran for Congress as a Republican, Tea Party-backed candidate in his home state of Illinois. He was also a Research Fellow at the Hudson Institute, focusing on human rights and international law.

He holds law and bachelor's degrees from Harvard University, and a masters degree from the University of Cape Town. Joel has two other books: The Kasrils Affair: Jews and Minority Politics in Post-Apartheid South Africa (University of Cape Town Press, 2008), and Don't Tell Me Words Don't Matter: How Rhetoric Won the 2008 Presidential Election (Self-published, 2009).

He is a contributor to Canada's Sun News Network, and a frequent guest on Fox News and CNN.

Key Takeaways:

[1:56] The liberal intolerance

[6:15] The monologue vs the dialogue media, and how it looks in regard to liberals and conservatives

[10:10] Why government funds any form of media

[13:35] How people refuse to talk about violence in movies, video games, and other liberal media

[18:00] The relabeling and redefining serious issues, and why words matter

[22:00] The debate about climate change, and how the left wants population control to protect resources, and why we should view people as the resource to solve the problem


Direct download: American_Monetary_Association_159_Joel_Pollak.mp3
Category:general -- posted at: 3:52pm EST