Sat, 10 February 2018
Jason Hartman talks with Daniel Amerman, CFA, about the need for legitimate economic data and whether we can get any of that from the government. The two also take a deep look at our nation's rising debt and what that means for the US currency moving forward.
[2:42] Daniel recently reverse engineered the Congressional Budget Office's long term economic outlooko
[6:32] Is the CBO a credible source of information?
[8:41] Technically there's no such thing as an unfunded liability
[13:47] What does a heavily indebted nation mean for the investor?
[15:57] "It's crucially clear that, when you have a $20 trillion national debt, that interest rates can't rise too much"
[19:48] Why Jason hates hedonic indexes
[23:39] There's a lot of inflation that we either don't see or we don't acknowledge
[28:12] A 2% higher rate of inflation is magic for maintaining financial solvency
[31:23] When everyone learned that stocks were the magic wealth building machine they bid the prices of stocks so high the dividends crashed, which ruined the wealth creation
[34:02] Daniel is a huge fan, not of income property, but of the mortgage
Fri, 2 February 2018
In this 10th episode interview, Jason talks with serial entrepreneur Peter Sage, author of 5 Keys to Master Your Life, about his recent 6 month stay in jail and how he was able to use that as a teaching (and learning) experience for himself, the inmates, and his students.
The two touch on the importance of identity, the need for ego strength & ego drive, what drives people, and more.
[2:29] Peter's latest "adventure" that landed him in jail
[6:55] Identity plays a huge part in how you deal with life
[12:46] Peter's idea of a "contrast frame"
[15:03] Why do people give up at the first sign of adversity? The difference between ego strength & ego drive
[17:14] Most people are driven by G.O.O.P.
[21:37] We need to learn how to love more
Fri, 26 January 2018
Fake news is abound in our country, and it's getting harder to figure out what to believe and what not to. David Mondrus, however, has founded Trive, which uses the blockchain to stop the spread of fake news through crowd sourcing.
Jason Hartman talks with David about how the blockchain is able to do that, why cryptocurrencies won't be shut down by the government, the transformation of Bitcoin, why Trive is releasing their own coin, and more.
[1:51] How Bitcoin and Blockchain are related
[3:37] Is there more than one blockchain?
[10:25] Is this all just a bunch of fake work using vast quantities of energy?
[13:35] Bitcoin's transformation over the past few years
[16:08] Bitcoin represents a fundamental change in society
[17:35] Why government cryptocurrency won't be the one that succeeds
[21:51] The friction in money movement and why it's different with Bitcoin
[25:44] How blockchain can provide a way to avoid things like "fake news"
[30:20] Figuring out what news should be trusted BEFORE you consume it could stop fake news from happening
[31:56] Why Trive needs to release a new coin rather than using an existing one
[35:50] How the SEC is inserting itself into the cryptocurrency world
"Bitcoin represents a fundamental change to society equal to the printing press"
Fri, 19 January 2018
Jason Hartman went on The Financal Survival Network with Kerry Lutz on October 16, 2017, to discuss what's going on in real estate around the country, if we're approaching the top of the market, what's happened to the banks that were "too big to fail", Blockchain technology, and more.
Host Kerry Lutz and Jason also take a dive into the mortgage crisis of 2008, and whether it could make a comeback in today's environment.
[2:26] Where are the assets?
[7:02] Why it's important to remember that you can't hear the dogs that don't bark
[9:07] Too big to fail has gotten even bigger
[12:34] Jason saw the first part of the mortgage crisis coming, but didn't see the second part that involved Wall Street coming at all
[17:37] Blockchain technology is phenomenal, but it's not Bitcoin, which you HAVE to remember
Fri, 12 January 2018
Jason Hartman talks with Congressman Dr. Paul Broun about what's going on in Washington in regards to policy and the constitutionality of it all. This was recorded prior to the GOP Tax Reform bill passing, but Dr. Broun is a proponent of a tax system that's more in line with a flat tax.
The two discuss the irrational belief people have that the marketplace won't react to actions the government takes, as well as why the corporate tax rate needs to be reduced (and who that ultimately helps). They also discuss how to make change actually happen, and whether getting rid of the federal income tax is feasible and if it'd be harmful for the economy on the whole.
[2:20] The major principle of most politicians is re-election
[5:37] It's unrealistic to think that people are going to stop voting for things that are in their immediate best interest
[12:32] Many people seem to not think about the fact that the marketplace reacts
[16:28] Corporations don't actually pay the corporate tax, it's the consumer who bears the weight
[22:04] Making change happen is very hard, everything has been going to the left for at least 50 years. Paul wants to get rid of a lot of federal departments
[25:33] Would getting rid of the federal income tax and moving to a sales tax harm the overall US economy?
Fri, 5 January 2018
HAPPY NEW YEAR!!! 2017 is in the rear view mirror and we're meeting 2018 straight on. Today, Jason Hartman talks with Danielle DiMartino-Booth, author of FED UP! and founder of Money Strong, about her thoughts on the new tax reform bill, whether the corporate repatriation will improve the economy, cryptocurrency, the US shrinking labor force and more.
[1:29] Danielle's thoughts on the new GOP Tax Reform
[4:58] Share buybacks have slowed, why is that important?
[7:38] We have no idea what the unwind of the biggest experiment in monetary policy will look like
[10:29] Why the biggest bubble out there today is the confidence bubble
[11:24] Danielle's opinion of the cryptocurrency world today
[13:56] The best comparison for the cryptocurrency mania we see today
[17:14] The United States has had a shrinking work force for 20 years now
[18:10] We have GOT to change our education system so we can be competitive on the global stage
[20:19] Some bullet points about what Danielle will be discussing during her speech at Meet the Masters
So much of this tax law depends on unicorns existing that I just don't know how much faith we can put in it
2017 has been a record run rate for quantitative easing globally
You can't tell me that anything is a storer of value that can lose 25% in a week
Mon, 1 January 2018
Jason Hartman is proud to announce the latest addition to the 2018 Meet the Masters of Income Property event, Ken McElroy.
Ken is a Rich Dad Advisor and entrepreneur who is an expert in investment analysis, property management, and property development. He's responsible for over $700 million investment dollars in real estate.
Ken is the author of the best-selling books The ABC’s of Real Estate Investing, The Advanced Guide to Real Estate Investing, The ABC’s of Property Management, and most recently his book on entrepreneurship: The Sleeping Giant.
Fri, 29 December 2017
Jason Hartman talks with Ryan Schellhous, founder at IndigoSpire CPAs & Advisors, about the new tax plan. The two start off with a 30,000 foot overview of the plan, then drill down into specific components of the plan as they figure out who is going to be helped and who may not see as much of a benefit under the plan. Ryan explains the biggest revenue raisers and "losers" under the new bill, and some of the most important pieces that will impact individual filers.
[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
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