American Monetary Association

Jason Hartman
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Mar 11, 2018 • 22min

AMA 215 - What Can We Expect From Our Economy? with William Cohan

Jason Hartman welcomes William Cohan, New York Times columnist, special correspondent for Vanity Fair, former contributor to Bloomberg View, and author books such as Why Wall Street Matters, The Last Tycoons, and House of Cards. William tells Jason his views on the Trump administration, why Donald has had a hard time draining the swamp and who really is to thank for the low unemployment rate and the steady economy. Key Takeaways: [1:13] The Trump administration, leverage and cleaning out the gears of the machine that is the US economy. [7:24] A grand bargain with Wall Street would mean revamping much of its incentive system. [13:40] Draining the swamp is harder to do than it looks. [13:23] What we should expect out of the economy and employment. Website: www.WilliamCohan.com
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Mar 2, 2018 • 22min

AMA 214 - The Deflationary Force of Technology with Moneyball Economist Andrew Zatlin, Part 2

In the final part of Jason's interview with Andrew Zatlin, the two take a look at whether the future of our economy is inflationary or deflationary. The two also look at the impact of technology on inflation, how it impacts the rental markets, and where the volatility in our economy will be in 2018. Disclosure: this interview was recorded prior to the GOP Tax Reform being written and passed Key Takeaways: [1:17] The proof in the inflation pudding is shipping costs [6:32] The economy is strong in the background [8:16] Warehousing had a huge impact on the start of the internet [10:55] When you reach the point where payroll and population growth are the same you don't get wage inflation [15:20] When housing affordability is low and prices soften, the rental market strengthens [19:15] Where 2018 volatility will come from Website: www.MoneyballEconomics.com www.TheMoneyballTrader.com
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Feb 23, 2018 • 31min

AMA 213 - The Future Impact of the Fed Starting to Tighten with Andrew Zatlin

In the first part of Jason Hartman's interview with Moneyball economist Andrew Zatlin, the two of them take a deep look at what's going on in the housing market through the lens that Andrew uses. He looks at hiring patterns of home builders, and has seen a distinct problem in their search for labor. So many industries are hunting for labor that it's creating a bottleneck. The two also look at short-term rentals, hotel vacancies, the Fed's monetary policy, and what's creating the demand for housing. Key Takeaways: [1:16] Andrew likes to check in with companies about what they're doing in regards to hiring [3:45] Home builders can't hire enough people right now. The bottleneck is labor because there's a LOT of competition for it [6:42] One question we need to ask is: what's creating all this demand for housing? [10:47] The environment today makes it more attractive to buy rather than rent [16:37] Do short-term rental providers need to worry about oversupply? [18:56] Hotel vacancy rates tipped into the negatives this past year because of short-term rentals exploding in popularity [21:36] Demand will create supply, but sometimes supply can create demand [25:27] The Fed is on a trajectory of tightening Website: www.MoneyballEconomics.com
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Feb 16, 2018 • 37min

AMA 212 - Will Government Shut Down Cryptocurrency? with Connor Boyack

Jason Hartman welcomes Connor Boyack, author of the Tuttle Twins children's book series, and founder of Libertas Insitute, to discuss the need for education about our rights and liberties to be taught to children at a young age. The Tuttle Twin series is aimed at taking important pieces of adult literature and distilling them into key points to emphasize in a way a child can understand. Jason and Connor dive into subject matter including how government and powerful entities erode our freedoms through fear, whether cryptocurrencies will stick around for the long haul, and how we can actually act to improve our situation. Key Takeaways: [2:08] Critical thinking is on the outs in our society [4:52] The way the system has been set up is totally rigged and takes too much effort to fully understand [8:50] As a society we have no incentives to change our ways [10:48] Connor's life as a prepper was not a healthy one, and why he likes cryptocurrency [14:00] Jason doesn't believe cryptocurrency will truly catch on because it's a director competitor with central banks and governments [18:14] Will governments shut down cryptocurrencies? [21:16] The government is eroding our freedoms in the name of "protecting the little people" [24:49] Some more subtle ways in which our fears are being used against us, such as avian flu, swine flu, Y2K, etc [28:11] Europe has become a disaster through socialism, immigration, and political correctness [29:39] Connor's long play to improve society Website: www.TuttleTwins.com (promo code "liberty") www.Twitter.com/TuttleTwins The flip side of having individual liberty is having personal responsibility and accountability We are so acted upon, rather than acting
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Feb 10, 2018 • 37min

AMA 211 - Turning Inflation into True Wealth with Daniel Amerman

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. Key Takeaways: [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 Website: www.DanielAmerman.com
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Feb 2, 2018 • 30min

AMA 210 - The Importance of Identity with Peter Sage

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. Key Takeaways: [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 Websites: www.PeterSage.com Man's Search for Meaning by Viktor Frankl
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Jan 26, 2018 • 48min

AMA 209 - Why Governments Won't Be Able to Stop Cryptocurrency with David Mondrus

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. Key Takeaways: [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 Website: www.Trive.news "Bitcoin represents a fundamental change to society equal to the printing press"
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Jan 19, 2018 • 22min

AMA 208 - Where Have All the Assets Gone? with Kerry Lutz

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. Key Takeaways: [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 Website: www.FinancialSurvivalNetwork.com www.JasonHartman.com
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Jan 12, 2018 • 30min

AMA 207 - Economics vs the Constitution with Dr Paul Broun

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. Key Takeaways: [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? Website: www.PaulBroun.com
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Jan 5, 2018 • 26min

AMA 206 - Danielle DiMartino-Booth: Why The Federal Reserve is Bad for America

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. Key Takeaways: [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 Websites: www.JasonHartman.com/Masters www.JasonHartman.com/Contest www.DiMartinoBooth.com www.Twitter.com/DiMartinoBooth Tweets: 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

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