American Monetary Association

Today's 10th episode features Jason Hartman talking with Mike Starks about the state of America's health and how most of it can be solved with our eating habits. The two discuss the dangers of sugar, the importance of sleep, and the most important aspects of a diet that don't involve exactly what you're eating.

Key Takeaways:

[4:12] America is the most nutritionally educated culture in the world, yet we're the most obese due to getting it wrong 40 years ago

[6:34] When fat is taken out of food, sugar is added in its place

[10:15] If you eat right and get good sleep you're 90% of the way to health, even without exercise

[13:39] If eating right isn't easy and taste good, you're not going to stick with it

[18:02] What's the solution to America's health problem?

[22:33] What the subscription plan entails

[26:45] Keep it simple so it become consistent

Website:

www.JasonHartman.com/Food

Direct download: AMA_240_Mike_Starks.mp3
Category:general -- posted at: 6:47pm EDT

Jason Hartman talks with Matthew J Martin, founder & CEO of Blossom Finance, about how Islam views cryptocurrencies and what Sharia law says about debt and investing. The two examine what exactly Islam says about various actions, and how that impacts all facets of life for around 20% of the world.

Key Takeaways:

[2:24] How Matthew views micro financing

[6:23] Why is it important to know what Muslims think about debt and cryptocurrencies?

[8:56] What about the Muslim investors today? Are they following Sharia law or not?

[13:06] Sharia law allows credit sales, you just can't have a 3rd party solely giving money

[16:18] Islam is about risk participation

[21:06] What is the Islamic view of cryptocurrencies?

[25:03] The law of the land is supposed to trump Sharia law, but that doesn't seem to be the view of many Muslims who are immigrating

Website:

www.BlossomFinance.com

Direct download: AMA_239_Matthew_Martin.mp3
Category:general -- posted at: 7:13am EDT

Jason Hartman talks with John Tamny, director for the Center for Economic Freedom, Editor of Real Clear Markets, and author of Who Needs the Fed?: What Taylor Swift, Uber, and Robots Tell Us About Money about why he believes the Fed doesn't have anywhere near the power they're given credit for, why their policies aren't effective in today's world, and why demographics may not be as useful as they're believed. John & Jason also discuss the impact of automation on all aspects of our life. John is excited about what all of this change will mean for the common worker and believes it will lead to higher quality of life for all.

Key Takeaways:

[1:58] How Uber made John realizing something about the Fed

[5:41] The importance of the Fed is vastly overstated

[10:43] The idea that the rest of the world is in on some deal where they hold worthless treasuries isn't realistic

[13:40] Demographic arguments regarding Japan don't hold a lot of weight with John

[17:27] Money flows to its highest use, regardless of the Fed

[21:55] Automation is going to lead into a surge in new kinds of jobs

[26:37] The demand for entertainment and service is going to explode

[28:26] Tamny's Law: as prosperity grows more and more people escape laziness because they find work they love

[30:06] John's thoughts on Universal Basic Income

Website:

www.RealClearMarkets.com

Direct download: AMA_235_John_Tamny.mp3
Category:general -- posted at: 4:15pm EDT

Jason Hartman talks with Samson Williams, co-founder at Axes and Eggs, about the state of cryptocurrencies, especially in regards to fundraising. Samson discusses the current thoughts of the SEC on utility tokens, and explains the steps you need to take to launch an ICO, how much customer acquisition is running these days, why you SHOULDN'T pay your advisors in cryptcurrency, and more.

Key Takeaways:

[5:10] Is the SEC going to come after utility tokens?

[9:17] How long does it take to set up an ICO?

[14:58] What are the steps to launching an ICO?

[18:35] Develop a budget before going out and hiring

[22:54] The basic customer acquisition cost was $36/person, but it's bringing in less and less money in investments

[26:18] Are the days of big ICO fundraisers over?

[28:19] Why you should pay your advisers in cash

Websites:

www.AxesAndEggs.com

www.CoinSchedule.com

www.ICOAlert.com

Direct download: AMA_237_Samson_Williams.mp3
Category:general -- posted at: 12:00pm EDT

Jason Hartman talks with Adam Andrzejewski, founder & CEO of www.OpenTheBooks.com, about wasteful government spending and how President Trump is doing at stemming the tide. Open the Books' mission is to track "every dime, online", even going so far as to have an app where people can follow the money in as close to real time as possible.

Adam discusses how pervasive the pork barrel spending is, how large the trough has grown, and what areas are most ripe for trimming.

Key Takeaways:

[1:16] Why is Open the Books different from other government spending watchdogs?

[4:56] How is the Trump administration doing when it comes to government spending?

[9:12] Absurd levels of grants ($600 billion) were given out in the final year of Obama

[11:49] Pork barrel spending knows no party affiliation

[15:49] It's our constitutional right as citizens to see all the expenditures of our government

[20:18] 2016s highest bonuses

Website:

www.OpenTheBooks.com

Direct download: AMA_236_Adam_Andrzejewski.mp3
Category:general -- posted at: 4:42pm EDT

Jason Hartman talks with Pat Donohoe, author of the new book Heads I Win, Tails You Lose, about the habit of most Americans to delegate their investing, what we should be doing today financially, the use of debt in our country and more.

Key Takeaways:

[2:09] The average American has delegated most of their life to 3rd parties

[5:21] The drive to save money now for the future and retirement is so that you can achieve freedom

[8:09] What should we be doing today for ourselves financially?

[13:00] Think of your employer like a customer, you want to keep them happy but you also want to maximize your revenue

[17:17] The entire country is based in debt

[20:00] The true narrative is to be smart with your money, not to get rid of debt

[26:28] Start to focus on the now rather than the mirage of the future, and start by taking the wool off your eyes when it comes to the banking system

Website:

www.HeadsOrTailsIWin.com

Direct download: AMA_235_Pat_Donohoe.mp3
Category:general -- posted at: 4:50pm EDT

Jason Hartman talks with Dan Rutherford, deputy director for the Office of Customer Education and Outreach with the US Commodity Futures Trading Commission, about some incidences of fraud in options trading that his office is seeing, and what signs you can look for to make sure you're not scammed. The rise in prominence of cryptocurrencies has brought plenty of scam artists into the arena, and they're currently focusing education on binary options.

Key Takeaways:

[3:06] What kind of fraud is going on in options?

[7:15] The main things you should be watching out for to recognize a scam

[12:53] There's a whole lot more education on cryptocurrencies needed in the general public

[15:47] Some tips to avoid fraud and how to help out others who may be being taken advantage of

Website:

www.SmartCheck.gov

Direct download: AMA_234_Dan_Rutherford.mp3
Category:general -- posted at: 4:46pm EDT

Jason Hartman talks to one of his podcast mentors, Jim Puplava, host of Financial Sense, about his thoughts on the new tax reform, what's happening with inflation (both today and moving forward), the different motivation of millennials compared to former generations, and more.

Key Takeaways:

[2:05] Will the new tax plan expedite people and companies leaving high tax states?

[6:53] Hidden taxes in states like California

[7:59] What's the endgame when states and municipalities go bankrupt? Is it just a federal bailout?

[10:53] Jim's current inflation thoughts

[14:23] How much longer can the US continue to kick the can down the road when it comes to the debt?

[17:49] Why double inflation arbitrage is fantastic for real estate investors

[21:03] What the next downturn is going to look like

[26:21] Jason's new theory

Website:

www.FinancialSense.com

Direct download: AMA_233_Jim_Puplava.mp3
Category:general -- posted at: 4:49pm EDT

Jason Hartman talks with Alan Beaulieu, President & Principal at ITR Economics and author of Prosperity in the Age of Decline, about what's going on in our economy when it comes to energy, inflation, and millennials. The two take a look at the difference between virtuous and non-virtuous inflation, how the millennials might respond to seeing actual inflation (and ways you can educate yourself about how times used to be different) and why you should be excited about the things that are coming. Alan also gives his thoughts on the recent tariffs and tax reform.

Key Takeaways:

[4:16] What's coming in the economy next

[6:15] What is "virtuous" and "non-virtuous" inflation?

[9:17] In 12 years there will be 30 million more people drawing down on Medicaid and Social Security

[13:24] Every single industry is having problems finding enough people, so the future isn't as bleak as you might think

[16:49] The 5 sources of inflation

[20:24] We're in a golden age with stable energy

[22:40] The 3 reasons Alan's excited about where we're headed

Website:

www.ITREconomics.com

Prosperity in The Age of Decline: How to Lead Your Business and Preserve Wealth Through the Coming Business Cycles

Direct download: AMA_232_Alan_Beaulieu.mp3
Category:general -- posted at: 5:43pm EDT

Jason Hartman talks to The Libertarian Chick, Kristin Tate, about the hidden taxes we all pay in our life, and how to do something about that. Kristin explains that often the taxes that we're paying are not being used for the purpose that you would assume they would be.

Key Takeaways:

[1:27] Are millenials just not paying attention to fiscal policies?

[3:26] We are being taxed EVERYWHERE, even when we don't see it

[6:32] Where some of your tax money is going probably isn't where you expect

[11:35] The debauchery tax & unintended consequences

[15:13] Awareness is step 1, what's step 2?

[18:43] The smaller the municipality the easier it is to get rid of the tax

[23:54] How did Kristin get into this line of work?

Website:

www.TheLibertarianChick.com

www.Twitter.com/KristinBTate

Direct download: AMA_231_Kristin_Tate.mp3
Category:general -- posted at: 12:23pm EDT