Fri, 22 December 2017
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.
[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"
Fri, 15 December 2017
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.
[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
Fri, 8 December 2017
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.
[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
Wed, 6 December 2017
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.
Fri, 1 December 2017
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.
[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.
"When it comes to asset protection most people think about the internal threat, not the external threat which can be costlier."
Fri, 24 November 2017
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).
[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
Fri, 17 November 2017
AMA 199 - A Libertarian Candidate's Call for the Dissolution of the Federal Government in 2020 with Adam Kokesh
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.
[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
Sun, 12 November 2017
AMA 198 - How the Fed and the Federal Government Aren't Letting the Market Do What It Needs to Do with David Collum
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.
[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
Fri, 3 November 2017
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.
[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.
***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."
Fri, 27 October 2017
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.
[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