American Monetary Association

Jason Hartman

Episodes

Mentioned books

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Nov 3, 2017 • 29min

AMA 197 - The US Economy's Reaction to Rising Interest Rates

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. Key Takeaways: [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. Website: www.JasonHartman.com/Properties Grant's Interest Rate Observer www.VentureAllianceMastermind.com ***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."
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Oct 27, 2017 • 28min

AMA 196 - Real Estate Diversification Strategy with Cash Flow Guys Tyler Sheff

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. Key Takeaways: [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 Website: Meet the Masters 2018 www.RealEstateTools.com www.CashFlowGuys.com
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Oct 20, 2017 • 35min

AMA 195 - America's Mindset Toward Monetary Policy is Flawed with Mike Norman

Jason Hartman welcomes Economist Mike Norman to the show to discuss Modern Monetary Theory or MMT. Mike shares examples of common misconceptions people have of the US monetary system and economy, such as the US debt clock, that inflation equals growth, and how the tax system works. He believes that the US has an unlimited supply of capital and balancing the budget or functioning as a fixed monetary system would accomplish the opposite of what is needed to create growth. Key Takeaways: [0:55] Modern Monetary Theory (MMT) explains the value of money. [3:54] A tax system is required to create demand for money. [8:46] A fixed monetary system creates cycles of economic depressions and recessions. [11:08] The US national debt is a summation of what is owned by the US and its constituents. [18:39] A dollar must be created and pumped into the economy before it can be used to pay a tax debt. [21:01] The US has an unlimited amount of new capital. [26:28] There is a difference between inflation and growth. Website: Mike Norman on YouTube
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Oct 13, 2017 • 47min

AMA 194 - Asset Inflation with Patrick Donohoe

Jason welcomes Patrick Donohoe of The Wealth Standard Podcast to discuss the dirty details of pensions, insurance policies and Ponzi schemes. Jason describes the difficulties and common mistakes average retail investors make when investing in financial services. And, Pat gives a comprehensive overview of how to make the most of your existing policies in order to invest your money in the most historically-proven asset class, income property. Key Takeaways: [1:15] Is the US a giant Ponzi scheme? [4:21] Understanding the difference between pension benefit plans and contribution plans is essential. [14:05] The financial service industry preys on retail investors. [19:39] Harry Markopolos is waiting to capitalize on a market correction. [25:59] Analyzing the patterns and mistakes of the middle-class investor. [34:17] The Wealth Standard Podcast focuses on helping individuals understand the comprehensive nature of the economy. [36:39] Pat explains how policyholders can reduce their risk and get investment money for cash-flow properties. Website: Be Your Bank The Wealth Standard Podcast The Wizard of Lies Venture Alliance Mastermind
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Oct 7, 2017 • 27min

AMA 193 - The Paper Money Economy is Breaking Us Down with Richard Duncan, Part 2

Jason Hartman and Richard Duncan continue discussing what Richard thinks will happen if the government stops supporting the global bubble, how the government can get back in the black on the spreadsheets, and why today is unique in terms of economic history. Richard Duncan is Chief Economist at Black Horse Asset Management, the author of The New Depression: The Breakdown of the Paper Money Economy and The Dollar Crisis: Causes, Consequences, Cures. His Macro Watch video series can help individuals to clearly understand how the financial system really works. Mr. Duncan previously held the position of economist for the World Bank and the International Monetary Fund. Key Takeaways: [1:00] The rules completely changed when we ditched the gold standard and went to a paper money economy [10:35] The winners in our new, global economy [13:16] How governmental policy is driving the global bubble [16:15] Never in human history have we seen what happens when the economy becomes global and money is printed in this abundance [21:33] How we can pull our nation out of debt Website: http://BlackHorse.com.sg The New Depression: The Breakdown of the Paper Money Economy The Dollar Crisis: Causes, Consequences, Cures
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Sep 29, 2017 • 27min

AMA 192 - The Paper Money Economy is Breaking Us Down with Richard Duncan, Part 1

Jason Hartman welcomes Richard Duncan for the first of a two-part conversation about what is driving the economy, and which mistakes could catapult the US into a recession. Richard Duncan is Chief Economist at Black Horse Asset Management, the author of The New Depression: The Breakdown of the Paper Money Economy and The Dollar Crisis: Causes, Consequences, Cures. His Macro Watch video series can help individuals to clearly understand how the financial system really works. Mr. Duncan previously held the position of economist for the World Bank and the International Monetary Fund. Key Takeaways: [1:01] Richard Duncan has a unique, insider's view of world economics and FIAT money. [6:06] In the US, when credit grows less than 2% the US goes into recession. [11:17] Creditism is the new Capitalism. [13:37] Looking back at the policies which saved the world economy in 2008. [19:35] It's a very sensitive moment in the economy as the Fed is considering reversing quantitative easing. [23:27] Globalization has changed the way the economic game is played. Website: http://blackhorse.com.sg The New Depression: The Breakdown of the Paper Money Economy The Dollar Crisis: Causes, Consequences, Cures
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Sep 23, 2017 • 41min

AMA 191 - America vs Russia & China with Paul Craig Roberts

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. Key Takeaways: [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? Website: www.PaulCraigRoberts.org Originally recorded in 2014
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Sep 15, 2017 • 28min

AMA 190 - Examining the Liberal Mind with Dr Lyle Rossiter

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. Key Takeaways: [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 Website: www.LibertyMind.com The Liberal Mind: The Psychological Causes of Political Madness
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Sep 8, 2017 • 32min

AMA 189 - Why the Tea Party Wants What They Want with Mark Meckler

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. Key Takeaways: 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. Website: Tea Party Patriots: The Second American Revolution by Mark Meckler The Liberty Amendments: Restoring the American Republic www.ConventionOfStates.com (Originally recorded in Nov 2014)
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Sep 1, 2017 • 23min

AMA 188 - Turn a Business Idea Into a Revolution with Seth Merrin

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. Key Takeaways: [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 Website: www.PositiveDestructionBook.com www.LiquidNet.com "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."

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