Fri, 22 September 2017
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.
[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
Fri, 15 September 2017
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.
[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
Fri, 8 September 2017
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.
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.
(Originally recorded in Nov 2014)
Fri, 1 September 2017
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.
[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."
Fri, 25 August 2017
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.
[: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?
Fri, 18 August 2017
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.
[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
Fri, 11 August 2017
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.
[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.
Update: Jeff Macke is no longer with Yahoo! Finance
Fri, 4 August 2017
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.
[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
Fri, 28 July 2017
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.
[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.
Fri, 21 July 2017
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.
[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.