American Monetary Association

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

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

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

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

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 a

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

In this 10th episode, Jason Hartman goes off topic with Joan Sotkin, host of the Prosperity Place podcast and author of Build Your Money Muscles, about how to rewire your brain for prosperity and financial freedom. Jane points out that you need to connect with your negative emotions about money because emotions are created to be expressed, as well as remembering that you're not doing it for money but for what the money allows you to do. Joan and Jason look into why people quit at the first sign of trouble and how you can be part of the 2% of people who actually achieve change. Key Takeaways: [1:44] Money problems aren't usually about money [6:14] The questions you need to ask yourself when you're trying to change your bad habits [9:44] You need to connect with your negative emotions surrounding an idea because emotions, by nature, need to be expressed [12:04] Remember, you're not working for money, you're working for what the money will buy [16:27] The people who are successful are problem solvers who see pro

Jason Hartman talks with Dr. Sean Worthington, creator of Cloud Coin, about what money really is, why it absolutely must be trustworthy, and why Cloud Coin is the solution for digital currencies. Sean says that Cloud Coin is an enormous development over Bitcoin and actually provides the most secure transactions around. Sean also touches on Jason's belief that government's can shut down cryptocurrencies with his explanation of why that's just not going to be the case. Key Takeaways: [1:00] Sean's new definition of money [5:11] Money MUST work as trustworthy data in order for the economy to work [8:21] The story of the Island of Yapp [11:13] Money tells us what to do and how to act, so it needs to have integrity [16:23] Cloud Coin is the money that Sean has created, which just gets created into existence [19:27] Cloud Coin's market cap is currently 17 million, and people are actually spending it [24:36] Why Cloud Coin is a big development over Bitcoin [29:41] Sean's thoughts on why governments won't be able to

The worlds of cryptocurrencies and crowdfunding can work in harmony, but the world of the long term cryptocurrency lover and day traders may not be so harmonious. Jason Hartman talks with David Drake, founder of LDJ Capital, about what's going on in the cryptocurrency world, regulations on the ICO market, and how currencies like Bitcoin might be incorporated into international currency baskets. Key Takeaways: [3:33] What kind of regulations do ICOs have? [8:13] Cryptocurrencies are now seeing two worlds collide: the old guard of people who are buying and holding versus the hedge funds coming in to trade and make money quickly [12:12] G7 might put Bitcoin into their currency baskets because they're anti-inflationary [15:07] Can cryptocurrencies overcome any potential opposition from governments and central banks? Website: www.LDJCapital.com

There are new payment systems coming into play in the cryptocurrency world that are about to cause some big disruptions. Jason Hartman talks with Pavel Matveev, CEO of Wirex, about the new technologies, the main problem with cryptocurrencies, where Bitcoin is headed this year, and whether regulation in the crypto world will be a good or bad thing. Key Takeaways: [2:39] The main problem with cryptocurrency right now [5:17] Blockchain hasn't been designed to be scaleable and how that's being addressed [9:25] What is Wirex? [13:03] Pavel doesn't believe cryptocurrencies will replace fiat currency [14:41] Bitcoin 50k in 2018? [20:38] Who has to have a license to deal in cryptocurrency? Website: www.Wirex.com

Jason Hartman talks with Chris Skinner, chairman at Financial Services Club, about how cryptocurrencies and blockchain are changing the banking industry, what changes are going to have the most impact in the coming years, if more regulation is needed, and how blockchain is actually used in commerce today. Chris is an expert on financial markets and fintech. He is author of Digital Bank, ValueWeb, and Digital Human. Key Takeaways: [1:08] Are big banks in trouble and at risk of going away at all? [6:32] The challenge for financial institutions to deal with technology and change [11:04] The most critical breakthrough coming in the next decade is a Digital Identity Scheme [15:57] Do the big companies need to be regulated like utilities or be required to publish their algorithms? [19:17] What's going on in cryptocurrencies today is equivalent to what happened with the World Wide Web in the 90s. We're trying to figure out which one will come out on top [23:03] When will blockchain actually be used in commerce on a

Gambling has destroyed many lives, and it's something that actor Zack Ward thinks needs to be dealt with in our society. That's one of the reasons he's CEO of Global Sports Financial Exchange, the first investing platform for sports leagues, as well as determined to teach financial literacy. Jason Hartman and Zack discuss how All Sports Market can help curb gambling by giving a new outlet more akin to the stock market, why they're trying to get more regulation, how they're using blockchain technology, and more. Key Takeaways: [3:22] What's the difference between AllSports and gambling? [6:43] Where is the All Sports Market going? [7:38] Why All Sports is openingly welcoming regulation [12:01] The unholy alliance between sports and gambling [14:32] All Sports trading platform is based on blockchain technology [17:50] Zack's mission to promote financial literacy, and how his company's learning center does that Website: www.AllSportsMarket.com www.Twitter.com/TotalZackWard www.Instagram.com/TotalZackWard

There is a lot of talk in the news lately about a possible downturn in the US economy, yet Jason’s guest, Ali Wolf of Meyers Research is staying bullish. She says the important indicators to watch aren’t showing the normal warning signs of a market drop. Ali also discusses the trends of Millennials with regards to renting vs. buying a home, their purchasing cycles and what they are willing, and not willing, to pay for. Key Takeaways: [01:03] Are we at the end of a business cycle? [04:30] Ali uses the Quits ratio to judge the state of the economy. [06:39] Three critical indicators to use as early warning signs to a possible market drop. [09:29] Wiil Millennials be staying put and buying homes or are they the rental generation? [16:33] Why modern, prefab homes may offer Millennials more amenities than space. [27:34] Inventory of existing, resale housing is lower in every single market Zondo tracks. Website: www.RealEstateTools.com www.JasonHartman.com/Ask www.MeyersLLC.com www.Zonda.co

Jason Hartman talks with Cullen Roche, founder of Pragmatic Capitalism, about macroeconomic events going on today, how Cullen studies the markets, why bonds are more attractive than many believe, and the investment strategy you have to adopt when investing in cryptocurrencies today. The two also take a look at the banking industry, money supply, and asset inflation. Key Takeaways: [1:53] What does Pragmatic Capitalism really mean? [10:26] The macro-economy still looks healthy [13:40] Cullen looks at the economy like an engineer in order to try and understand what's going on [17:18] Bonds are probably more attractive than most people believe [20:10] Cryptocurrencies have become a "greater fool theory" investment [24:32] Asset inflation is real and it's becoming harder and harder to get into the investor class [28:50] The banking industry is what creates most of the money in our economy [31:08] One of Cullen's outlandish theories Website: www.PragCap.com

Jason Hartman talks with Harry Dent, author of the new book Zero Hour, about current demographic trends and what they means for our society (assuming fiscal and monetary policy doesn't go haywire), as well as how long technology takes to go mainstream and impact society, the impact of sunspots on our economy, environment, and psychology, why the new tax reform is the cure for the problem that doesn't exist, and more. Key Takeaways: [1:55] What does Harry learn by looking at sunspots? [6:10] There's both global warming and cooling going on right now thanks to sunspots [8:08] Harry does NOT believe this is the time to be cutting taxes [11:08] The greatest BS economic recovery in history [14:12] How much does money trickle in this consumption driven economy that needs growth? [17:05] Nobody takes downturns into consideration when planning the future [20:39] When are we likely to see a spike in life expectancy? [23:50] The wild card in predictions using demographics is the government's monetary & fiscalpolicy

In this 10th Episode Jason Hartman talks with Vijay Eswaran, founder and Executive Chairman of QI and author of Two Minutes from the Abyss. The two discuss the importance of a sense of urgency, living in the moment, and why you need to look at the issues rather than the people trying to influence you. Key Takeaways: [2:21] Why a sense of urgency is so crucial [5:50] How the book got its name (and where Vijay got his sense of urgency) [8:19] HOW do you start living in the moment and being appreciative [11:06] How a misdiagnosis for one of Vijay's friends was one of the best things that happened to his life [14:44] It's more important to listen to the issues rather than be influenced by personalities Website: www.VijayEswaran.com Two Minutes From the Abyss

Jason wraps up his interview with Macro Watch's Richard Duncan. The two tackle the topic of rising interest rates, better uses for going into further debt than giving it to tax reform, how the Fed will react to a tanking stock market, and what we can expect to see over the next few years. Key Takeaways: [00:45] What people don't realize about interest rates "People buy houses on a payment, not a price" [1:56] What the Fed will do if the market drops 10% and what else will happen if it drops 20% [5:15] What Richard wishes the government had done with the $1 trillion in new deficits that will occur from the new tax reform [9:50] Why Richard thinks the government can invest as wisely as private companies [14:16] What are the next few years going to look like? [16:49] People need to get very familiar with quantitative tightening Websites: www.RichardDuncanEconomics.com (promo code: GLOBAL for 50% off)

Jason Hartman welcomes Richard Duncan back to the show to discuss what's going on with fiscal policy and interest rates right now. In the first half of the interview Richard talks about how the trade imbalance with China has enriched the nation and brought millions out of poverty, as well as how the general public has no idea how much the Fed is actually tightening, and how that will impact interest rates. Key Takeaways: [2:45] Jason's theory on asset inflation and what it means if the millennials don't join the investor class like the baby boomers did [5:22] Why the future from an Asian perspective is much brighter than from a US perspective [7:31] Who's gotten the better end of the China/US trade imbalance? [13:08] Richard believes the Fed is tightening more than people are understanding [17:17] The Fed has been destroying at least $10 billion a month since October 2017 and it's going to get bigger [19:52] The Fed will have destroyed $1 trillion by the end of 2019 if they follow through on their announced p

Jason Hartman takes a deep look into ICOs and what it takes to fundraise for them. Shane Liddell is CEO at Cryptologist & co-founder of the Cryptoconomy Summit, and he provides insight into how fundraising has changed recently, how to properly spend money to raise money for your ICO, and how to overcome marketing problems created by big companies such as Google, Facebook, and Twitter when they banned crypto ads. Key Takeaways: [4:28] How do you raise money for a cryptocurrency? [8:18] How much does it cost to do an ICO? [12:12] Marketing troubles now that companies like Google, Facebook, and Twitter have shut down cryptocurrency advertising [17:29] What's the minimum for an ICO? [20:40] What do you actually spend the money on when you're raising money? [22:46] How do you market ICOs when big companies are shutting you out? [28:25] How you must always approach an ICO Website: www.CryptoconomySummit.com

It's time to take another deep look into rates and ways to finance your properties. Jason talks to lender Aaron about what's going on in regards to rates today, how it's been changing in the last few months, and where to expect it to go in the future. The two discuss how higher interest rates don't necessarily mean your investments can't make sense. Higher rates also mean more write offs on your taxes, plus your tenant is still paying your debts. So you might have lower cash flow, but it can still be a great inevstment that gets better over time with your locked in rate. Key Takeaways: [5:05] Every new regulation requires someone be hired to make sure the lenders are adhering to it, which raises costs [7:08] What kind of rates can you get today with 20% down? [10:16] Are people still taking out adjustable rate morgages for investment properties? [13:02] You need to get your mindeset right when it comes to your real estate business. It's not always strictly about the cash flow [18:47] The inverse correlation b