American Monetary Association

Jason Hartman
undefined
Aug 7, 2020 • 40min

348: Capitalism's Crisis Deepens, Global Economic Meltdown by Dr. Richard D. Wolff

Dr. Richard D. Wolff, professor of economics and author of Understanding Marxism, joins Jason Hartman today, discussing the global economic meltdown. Wolff shares his interpretation of marxism and why he believes that is has been poorly applied. As well, Hartman and Wolff discuss capitalism in America, the perception and the reality. Wolff and Hartman discuss the disproportionate pay between CEO and workers. The CEO to worker compensation ratio has changed dramatically. Wolff states that a cooperative/directorship might work using the example of The Mondragon Corporation. Key Takeaways: [2:15] Was Karl Marx's ideas applied wrong? [8:45] "A liberal and a marxist are not the same things." [10:30] What is a Marxist? [12:45] Capitalism didn't make the break from fatalism and slavery that it thought it did. [16:45] Did any country have genuine pure marxism? [20:30] "There's a reason that a very small number of people are capitalists (entrepreneur) and a very large number of people are workers" - Wolff [20:45] How do we solve the issue of disproportionate pay between boss/worker, redistribution? [24:00] How would a company run with a representative republic, cooperative, or directorship? [25:10] Successful Co-op, The Mondragon Corporation. [31:45] What is the Yellow Vests Movement? Websites: Richard Wolff Youtube www.democracyatwork.info www.rdwolff.com 1-800-HARTMAN JasonHartman.com/Webinar www.JasonHartman.com www.JasonHartman.com/properties Jason Hartman Quick Start Jason Hartman PropertyCast (Libsyn) Jason Hartman PropertyCast (iTunes)
undefined
Aug 5, 2020 • 27min

347: Digital Human & Digital Bank, launch a digital bank by Chris Skinner

Jason Hartman is joined today by Chris Skinner, Chairman at the Financial Services Club and founder of Finanser. Chris has authored the books: Digital Bank: Strategies to Launch or Become a Digital Bank, Digital Human: The Fourth Revolution of Humanity Includes Everyone, and Doing Digital: Lessons from Leaders. Jason and Chris talk about the future and the role that technology plays in it, or the lack of a role for humankind. This tech-talk touches on modern banking technology, how to start a bank with $50k. Lastly, robotics and philosophy. What is our purpose when work is in the hands of robots? Key Takeaways: [2:15] Banks have been challenged technologically because they have not updated their systems [4:00] Antiquated banking systems are often referred to as spaghetti structures that need updates recently forced by COVID-19. [5:30] Big banks are too big to fail. [8:00] What makes Stripe such a standout business regarding FinTech Companies? [12:30] Everyday living is in the new hip and cool bank. [13:45] Can anyone launch a digital bank? [17:00] Switching gears to robotics and technology in the future. [20:00] There have been two significant behavioral shifts immediately since this lockdown. [23:00] On robotics and essential work, what happens when people no longer need to work? Websites: TheFinanser.com ChrisSkinner.Global www.JasonHartman.com 1-800-HARTMAN
undefined
Jul 31, 2020 • 20min

346: Chrysta Castañeda, The Last Trial of T. Boone Pickens

Jason interviews Chrysta Castañeda, author of The Last Trial of T. Boone Pickens. Get the oil and gas industry insight from Chysta, the go-to lawyer for high stakes litigation in the energy industry and beyond. Chrysta shares her experience with T. Boone Pickens and her knowledge of the current oil market problems. Key Takeaways: [1:30] What happened with Pickens and how did the investment deal go bad? [5:40] "As we saw the financial markets plummet, so did the oil market" [6:30] Suadi Arabia and Russia are starting a supply war with oil, which was already oversupplied [8:30] There is a coordinated market mechanism for oil production limitations [11:40] Brief history about the name "Railroad Commission" [14:00] Will we shift to a larger work-from-home community? 15 plastic Websites: www.LastTrialofTBoonePickens.com 1-800-HARTMAN www.JasonHartman.com Jason Hartman Quick Start Jason Hartman PropertyCast (Libsyn) Jason Hartman PropertyCast (iTunes) Jason Hartman's Blogcast
undefined
Jul 29, 2020 • 47min

345: Gold, Dollar, Crypto, Investing in Chaotic Times,, Hugh Hendry

Hugh Hendry joins Jason Hartman to share what was going through his head through the 2008 recession and what preliminary actions he took to position himself well. Everyone is wondering "where are we going [market]" and Hendry shares some thoughts based on actions the Fed took over the last 60 years. Hugh discusses the early signs of chaos that awaits us as we move away from an accepted form of order. It's not always a perfect situation for investing, especially if you only have one mindset for profit. Chaotic times call for positioning yourself to profit from a different angle. Key Takeaways: [2:00] 31.2% positive return back in the 2008 recession [3:00] To be curious you have to misbehave first. [6:30] Discussing the "boom-market in fear." [12:00] Everybody is wondering where we are going [market]? [28:00] What is your stance on Paul Volcker? [21:30] What is the FED doing wrong? [22:00] Looking for predictions in gold, the dollar, etc. [29:30] We are conditioned by the very slow passage of time. [30:00] Gold has been trending. [32:45] 50 years ago we were pivoting from chaos to order. Today, we are pivoting from an accepted order to chaos. [34:18] We live in a world where instead of reducing the money supply, they are desperate to increase the money supply. [38:15] In preparation, think of the most chaotic events becoming normalized, and how you can profit from chaos instead of order. [39:30] At the bottom of a deleveraging cycle, everything is cheap. [41:30] "May you live in interesting times," -the quote is back. Websites: Twitter: @hendry_hugh Instagram: HughHendryOfficial JasonHartman.com/Webinar www.JasonHartman.com www.JasonHartman.com/properties Jason Hartman Quick Start Jason Hartman PropertyCast (Libsyn) Jason Hartman PropertyCast (iTunes)
undefined
Jul 24, 2020 • 27min

344: The Price of Tomorrow, Why Deflation is the Key to an Abundant Future by Jeff Booth

Founder and former CEO of Build Direct, Jeff Booth, joins Jason on his discussion about deflation. Listen as best selling author of The Price of Tomorrow, Why Deflation is the Key to an Abundant Future, shares some of the knowledge from his book on deflation in the economy. Books: The Price of Tomorrow: Why Deflation is the Key to an Abundant Future by Jeff Booth Key Takeaways: [2:00] There is nothing governments can do long term, deflation will win. [5:30] Speaking about 2008, we should've ended up in a depression. [6:30] Governments all over the world distort the market; they don't allow price discovery. [7:00] Elaborating on the "Ponzi Economy" [8:00] Deflation makes your value of money go up because goods and services go down in relation to your money. [9:00] Can deflation be responsible for inflation? [9:45] Price discovery example scenario: Zoom went from 10 million to 300 million users in a month and a half. [10:45] Why do governments fight deflation? [14:45] Understanding the power of inflation as it pertains to paying debt, but how much power does technology have over inflation/deflation? [20:30] Jeff Booth explaining his idea of doubling up. [22:00] How can we understand exponential growth? Websites: Jeff Booth (@JeffBooth) · Twitter JasonHartman.com JasonHartman.com/Ask Jason Hartman PropertyCast (Libsyn) Jason Hartman PropertyCast (iTunes) 1-800-HARTMAN JasonHartman.com/Webinar
undefined
Jul 22, 2020 • 17min

343: 3,000 Year Rates, Inventory, Forbearance & Market Cycles How an Economy Grows & Why It Crashes Patrick Donohoe

Pat Donohoe returns to the show to discuss how it is that an economy grows. The keyword here is debt. Debt is priced into everything and used for growth. Jason Hartman asks, "have the rules changes in an era of riots and civil unrest? Bailouts for everyone! Key Takeaways: [1:25] Have the rules changed in an era of riots and civil unrest? [4:45] Sometimes, you need contrast to understand the value of one system. [9:00] If someone makes a poor choice, there is no bailout. [13:00] Debt is priced into everything. It fuels the economy. [14:45] If you want to create real wealth, you simply must have capital formation. Websites: JasonHartman.com/Webinar www.JasonHartman.com www.JasonHartman.com/properties Jason Hartman Quick Start Jason Hartman PropertyCast (Libsyn) Jason Hartman PropertyCast (iTunes)
undefined
Jul 17, 2020 • 22min

342: Presidential Candidate Mark Whitney, TheLaw.net & Bank Fraud

Today we are joined by a Libertarian Presidential candidate and former felon who won his freedom representing himself. Mark Whitney joins Jason Hartman sharing his backstory from outlaw to free man. As well, he speaks on the suspension of the 'campaign trail' due to coronavirus. Mark talks to some of the challenges running for president. As well, he speaks to the ease of becoming a candidate. Jason asks Mark what he expects to see in our future, whether that's inflationary or not. Key Takeaways: [1:00] Backstory, from felon to free man. [8:30] Politics has been suspended. The trail in 'campaign trail' is gone. [9:30] What were the lessons learned by representing yourself in court? [12:30] There are generally about 2,000 people running for President of the U.S. [13:45] The presidential commission on debates is a privately owned organization. This arrangement is so we can't site the constitution to say that our political speech is censored. [14:30] How can you run? [16:30] Are we looking at an inflationary future? Websites: MarkWhitney.com TheLaw.Net JasonHartman.com/Webinar www.JasonHartman.com www.JasonHartman.com/properties Jason Hartman Quick Start Jason Hartman PropertyCast (Libsyn) Jason Hartman PropertyCast (iTunes)
undefined
Jul 15, 2020 • 30min

341: Gold & Dollar Milkshake Brent Johnson, Santiago Capital

What is the "dollar milkshake theory"? Brent Johnson joins Jason Hartman to share his ideas and concepts on macroeconomics. Particularly, what's the strength of the U.S. dollar, and how does it compare to gold and other currencies? Brent also shares his thoughts on modern monetary theory and the possibility of its presence in the future, and potential problems. Brent Johnson also discusses the broad term currency as it pertains to gold, the U.S. dollar, and many other currencies around the world. Brent shares his views on gold and the role it plays. As well, Brent and Jason discuss what is needed for money to be loaned into existence. Key Takeaways: [2:00] Dollar milkshake theory. [4:00] Discussing MMT Modern Monetary Theory [5:30] Until a new system is designed, there is no place to go, other than the U.S. dollar. [9:10] Does MMT work or is a pipe-dream? [12:35] Let's talk about gold and the role it plays. [19:00] Because money is loaned into existence, you need monetary velocity or credit expansion to be taking place. [22:00] What about military tensions? [26:45] How delicate is our economy that corporate giants need bailouts as bad as family-owned restaurants? Websites: SantiagoCapital.com twitter: @santiagoaufund www.JasonHartman.com www.JasonHartman.com/properties Jason Hartman Quick Start Jason Hartman PropertyCast (Libsyn) Jason Hartman PropertyCast (iTunes)
undefined
Jul 11, 2020 • 26min

340: We're All in This Together & Focus on the Good Stuff by Mike Robbins

Mike Robbins joins us for some important lessons in mental health and dealing with grief. We are all grieving together, for ourselves and for those that surround us. It's time to stop, pause, and reflect. How can we focus on the moment? Key Takeaways: [1:30] Mike Robbins, the author of five books, Focus on the Good Stuff, Be Yourself Everyone Else is Already Taken, Nothing Changes Until You Do, and, Bring Your Whole Self to Work [5:45] Perspective is important, and when we are in the middle of something, it's difficult to have perspective on it [7:30] Even though it may not seem like it right now, you have more than this requires [8:15] If we are experiencing difficulty the common element is that we are focusing internally instead of externally [11:30] The world has intervened in a way, and forced all of us to stop, pause, and reflect [17:30] How do we focus on the moment? [23:30] You can control your attitude and you can control your effort, everything else is some form of out of your control Websites: Mike-robbins.com 1-800-Hartman www.JasonHartman.com
undefined
Jul 4, 2020 • 37min

339: Harry Dent Rants, Coronavirus Cover-Up, China Peaked

Jason Hartman with guest, Harry Dent, for the rant of the year! "This is a bubble that is waiting to pop," says Dent as he opens up about the Coronavirus just being a cover for some underlying economic issues. "This is much worse than a debt-bubble; it's a financial asset bubble." Harry speaks on his thoughts about gold, cryptocurrency, and inflation. Specifically, asset vs. consumer inflation. What causes inflation? What's to be expected in the future when it comes to commercial real estate? What will happen to the once sought after McMansions? Key Takeaways: [1:30] This is a bubble that was waiting to pop, and Coronavirus was just the cover. [2:00] All of this money printing does not stop the virus. [6:00] There is no going back to normal after 25% of restaurants, and some areas closed down. [12:45] China has already hit its peak. They're going to have trouble keeping up with India. [14:30] What is Harry Dent's opinion on cryptocurrency, bitcoin? [17:45] Gold correlates with one thing, inflation. [19:30] Money printing doesn't necessarily cause inflation. [20:30] What does cause inflation? [23:15] Asset vs. consumer inflation, that's the bubble. [25:00] This is way worse than the debt bubble; this is a financial asset bubble. [29:30] Commercial real estate and McMansions will collapse while the 3/2 will go on to thrive. [35:00] The first billionaires were born of the great depression. Websites: HarryDent.com JasonHartman.com/Webinar www.JasonHartman.com www.JasonHartman.com/properties Jason Hartman Quick Start Jason Hartman PropertyCast (Libsyn) Jason Hartman PropertyCast (iTunes)

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app