American Monetary Association

Jay Sidhu is the CEO of Customers Bank and his bank has just come out with a new digital banking service called Mobile Bank that can be done right from your smartphone. Jason Hartman is interested in learning more about Mobile Bank and talks to Jay about how America's banking system is riddled with inefficiencies, Bitcoin, and more on today's show. 

 

Key Takeaways:

1:40 – Customers Bank is a business bank and Bank Mobile is a consumer bank. 

5:20 – What's the difference between Bank Mobile and Allied Bank? Jay explains. 

8:45 – Jay shares his thoughts on Bitcoin. 

15:40 – Jay believes the FDIC definitely has the money to pay in case a crisis happens. 

22:10 – Uber is great because there's finally some competition in the taxi monopoly and the same thing needs to happen in banking. 

24:00 – How does Mobile Bank make money if they have no fees? Jay explains. 

 

Mentioned In This Episode: 

BankMobile.com

Direct download: AMA2011620Jay20Sidhu.mp3
Category:Audio Podcast -- posted at: 3:57pm EST

Jason Hartman invites Patrick Cox on to the AMA show to talk about the Apple watch, stem cell technology, and why the FDA is holding back on amazing advances in the scientific and medical community. Patrick Cox specializes in the field of transformational technology and has worked closely with scientists all over the world. You can visit Patrick at PatrickCoxDNA.com to see him experimenting on himself and creating brand new muscle tissue. 

 

Key Takeaways:

4:10 – There's a lot of scientific advances going on, but the media has always been bad at reporting science. 

9:40 – Right now there are drugs that can cure common life-threatening diseases, but the government takes a long time to approve them. 

15:10 – The FDA banned a natural product that reduced inflammation and one of Patrick's friends had a stroke because he couldn't take the plant anymore. 

22:30 – If the FDA is the problem, what are other countries doing in the regenerative field? 

26:00 – Patrick gives his opinion about the Apple watch. 

28:00 – Big technology companies are supporting medical companies, which can help with a lot of roadblocks the medical/science community is currently experiencing

 

Mentioned In This Episode:

http://www.patrickcoxdna.com/

https://www.mauldineconomics.com/

 

Direct download: AMA2011520Patrick20Cox.mp3
Category:Audio Podcast -- posted at: 10:41pm EST

Richard Proteau is the author of Unraveling The Universal Life Scam (The Shorter Truth) and talks to Jason today on the show about universal life insurance and why it's almost always a bad investment (unless you're extremely wealthy). Richard talks about some of the differences between US life insurance and Canadian life insurance, does a break down on premiums, and more on today's AMA episode. 

 

Key Takeaways:

2:30 – Richard explains the various types of life insurance you can have.

6:10 – There's always a state versus federal regulations war going on in the US.  

10:30 – Richard explains what 108 is and talks about universal life premiums. 

18:00 – Insurance companies are influenced in creating the best contract possible, but what's on paper may not actually be what's reality. 

22:40 – MERs, management expense ratios, are not shown on the contract and can fool the consumer into thinking they have a better deal than they really do. 

26:45 – Richard says buy insurance for the right reason. Jason and Richard both agree that insurance is not a good investment. 

 

Mentioned In This Episode:

Unraveling The Universal Life Scam (The Shorter Truth) by Richard Proteau

http://www.consumerights.ca/

 

Direct download: AMA2011420Richard20Proteau.mp3
Category:Audio Podcast -- posted at: 6:00pm EST

Jason invites Jeffrey Tucker on to the AMA show to talk about the peer to peer economy as well as Bitcoin. Jeffrey is the CLO and founder of Liberty.me and he is also the Director of Digital Development for the Foundation for Economic Education. On the show, Jeffrey talks about his book Bit by Bit, the up and coming peer to peer world, and much more. 

 

Key Takeaways:

2:20 – Jeffrey explains what peer to peer means. 

5:20 – Jason talks about how the Cuban people make extra money by serving food to tourists in their own homes. 

12:40 – There are a lot of costs associated with regulation and that hurts the economy further. 

15:45 – Plane tickets are roughly the same price from 25 years ago. 

25:00 – Bitcoin is relatively private as long as your public address isn't attached to it. 

30:20 – Top-down planning is slowly beginning to erode. 

 

Mentioned In This Episode:

Fee.org

http://tucker.liberty.me/

Bit by Bit by Jeffrey Tucker

Kitchensurfing

Eatwith

Blue Apron

Munchery

TaskRabbit

Fiver

Uber

Lyft

Direct download: AMA2011320jeffrey20Tucker.mp3
Category:Audio Podcast -- posted at: 9:43pm EST

Mike Lingenheld appears on the AMA show today to talk about what's happening in the oil industry. He talks to Jason Hartman about different gold ratios and that there are gold/oil correlations to economic crises. Mike and Jason also do a deep dive and talk about the European economy as well as the dollar being the reserve currency. 

 

Key Takeaways:

2:10 – What's happening with oil right now? 

5:00 – Saudi Arabia isn't hurting economically due to their vast savings from the oil industry. 

8:15 – Gold and silver does an accurate job in reflecting current inflation. 

12:30 – Whenever the gold and crude ratio goes above 20, there seems to be an economic crisis. 

15:30 – Mike thinks the US dollar will be the reserve currency for the next 15 years, at least. 

18:40 – If Greece wanted to exist, it wouldn't be the end of the world. 

20:45 – If Spain were to exist, there would be problems. Mike explains why. 

 

Mentioned In This Episode:

http://www.forbes.com/sites/michaellingenheld/2015/01/21/texas-saudi-arabia-and-the-collapse-of-oil/

http://cupandhandlemacro.com/

Direct download: AMA2011220Mike20Lingenheld.mp3
Category:Audio Podcast -- posted at: 1:26pm EST

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