American Monetary Association

In today’s American Monetary Association Show, Jason Hartman invites Jerry Robinson, author of Bankruptcy in Our Nation, to the show to share his views about what bankruptcy would look like. They discuss a variety of topics and consider frankly just how bleak America’s future could look. Robinson also gives his opinion on the impact of America’s international relations, as well as posing the interesting notion that we can see the path of America’s future by looking at the past of the rest of the world.


Key Takeaways

02.44 – Jerry Robinson’s Bankruptcy of Our Nation deals with facets of the economic crisis such as what happened, why it happened and what we thought would happen.

05.03 – In a number of ways, the 2014 picture we draw now looks very similar to the state of the world in 1914.

13.54 – No-one does anything for nothing. A closer look at the incentives can provide a lot of insight.

19.58 – The psychological impact of the economy is already taking an effect. People now expect prices and values to go up, and are surprised if they don’t.

26.14 – Maybe we need to reassess our definition of evil to better match today’s global situation.

30.09 – If the relationship between the US and Saudi Arabia changes, it could change the entire balance of power in the Middle East.

32.09 – Exports are always going to be vital, and we need to consider the impact if the US becomes energy-independent.

39.53 – International threats, and especially those involving cyber-attacks, must be taken seriously. Even if you’re living in a city, know the precautions you can take.

44.03 – Find out about Jerry Robinson’s Five Levels of Financial Freedom at 

01.00.02 – With mortgage debt, as an investor you don’t even need to pay this off yourself – your tenants pay it off for you.


Mentioned in this episode

Bankruptcy of our Nation by Jerry Robinson

Direct download: AMA_103_Jerry_Robinson_Bankruptcy_Of_Our_Nation.mp3
Category:Audio Podcast -- posted at: 3:04pm EST

Jason Hartman invites Tim Carney, author of The Big Rip-Off and Obamanomics and writer for the Washington Examiner to come on the show and give his thoughts about the huge and potentially irreversible impact that big business and big Government are having on America. They also discuss topics such as human rights to information and what you say when Goldman Sachs offers you a position.


Key Takeaways

05.55 – Tim Carney provides some examples where regulation seems to have an alternate outcome to what was hoped.

10.50 – A look at the options of how we can possibly dislodge the power of big business and government. 

11.57 – Politics and the economy are starting to work together because fewer people are now gaining from a specific policy.

14.28 – Government agencies don’t even have to worry about subtlety; if they want you they’ll do what they can to get you.

16.16 – Why is it that they can spy on us and we get no information about Government actions, even when they affect us?

17.53 - Big business benefits from and lobbies for big Government to the detriment of the consumer, the competitor and the tax payer. 

20.23 – Technology could be our undoing or it could be our liberation. We’ll have to wait and see.

22.36 – To read Tim’s articles, head to and his Fellowship is with the American Enterprise Institute: 


Mentioned in this episode

The Big Rip-Off by Tim Carney

Obamanomics by Tim Carney

Direct download: AMA_102_Tim_Carney.mp3
Category:Audio Podcast -- posted at: 7:32am EST

Inspired by an article from Business Insider, Jason Hartman invites Dan Egan of Betterment onto the show to expand upon the idea of market timing. While much of the focus is on Wall Street and how market timing works in the stock market, a lot of these ideas can be applied to real estate investing. They also discuss topics such as long- and short-term capital gain, high-frequency trading and how happy we are with our own achievements in absolute terms. 


Key Takeaways

02.33 – Stock trading investments are all about assessing long and short-term achievements. Remember that the government views capital gain in terms of short or long-term. 

04.03 – Dan Egan describes the ‘bid ask spread’, an economic term for the costs you never see a bill for.

07.20 – High-frequency trading might not be everything it’s cracked up to be. You have to compare the situations of the big traders with average Joe’s actions.

13.30 – Personal satisfaction is hugely important, but it’s always competing with our comparisons to the people around us.

15.20 – For more information about Dan Egan and his company, head to

15.28 – Jason Hartman discusses some of the various viewpoints on the inflation/deflation argument.


Mentioned in this episode

Flash Boys by Michael Lewis

Direct download: AMA_101_Dan_Egan_Market_Timing.mp3
Category:Audio Podcast -- posted at: 2:48pm EST

Christine Hassler is a Gen Y and millennial expert. She believe millennials have the highest expectations and are often hit hardest when they face reality and realize it's not as easy as it looks. She talks to Jason about how to manage your expectations better, why she loves millennials, and a little bit about her latest book entitled Expectation Hangover. 


Key Takeaways: 

3:15 – Christine talks a little bit about her book, Expectation Hangover, and who it is meant for. 

6:10 – Christine says millennials are hard working employees. They learn quickly and think outside the box. 

10:15 – You need to have a break up in order to grow. A break up leads to a break down, which actually then leads to a break through. 

13:00 – Take a brief pause in your life to accept the on-rush of feelings you might have, once you've done that, then you can work on releasing them. 

16:00 – Christine believes millennials will find a better solution for our current broken school system. 

19:10 – Don't base your happiness and self-worth on the result of your goal. If you fail, it will take you longer to bring yourself back up. Have goals, but distance yourself emotionally from them. 

20:50 – Christine wants you to optimistic, but she also doesn't want you to let yourself down for putting too much emotion in that optimism. 


Mentioned In This Episode:

Direct download: AMA_100_Christine_Hassler_Expectation_Hangover.mp3
Category:Audio Podcast -- posted at: 4:43pm EST

Lawrence Cunningham has written dozens of books including the Berkshire Beyond Buffett: The Enduring Value of Values, which Amazon called “a hot new title”. He has also written books such as the AIG story as well as The Essays of Warren Buffett: Lessons for Corporate America. Lawrence loves to teach, read, write, and spend time with his family. He comes on to the show today to talk with Jason about his latest book, Berkshire Beyond Buffett, and share some insights into why Warren Buffett is an incredibly successful man. 


Key Takeaways:

3:11 – Lawrence says if you sell a product that's useful to your customer, you'll develop a returning customer. It's just a better business model than selling products no one wants. 

7:30 – It turns out Warren Buffett got his values from Tom Murphy. 

11:40 – When Lawrence interviewed CEOs for his book, there was a common theme among them – they trusted their staff and didn't try to control everything. 

14:45 – What are some of the myths about Buffett? Lawrence explains in this segment. 

17:00 – Will Warren Buffett ever retire? 

20:00 – Buffett's greatest achievement is that he has built a company that will outlast him when he leaves the company. 

22:45 – Jason asked if Buffett's investments in wind and solar are a good idea and Lawrence think it is. 

24:30 – Lawrence is excited for his upcoming Berkshire Beyond Buffett book tour.


Mentioned In This Episode: