American Monetary Association

Jason Hartman
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Dec 20, 2019 • 28min

301: Wall Street Through the Years & Investing Reforms with Thomas W Jones, Federal Reserve Bank, Freddie Mac, TIAA-CREF

Jason Hartman talks with Thomas Jones, former vice chairman and director of TIAA-CREF, former Chairman and Chief Executive Officer of Global Investment Management at Citigroup, and former Chairman and Chief Executive Officer of Citigroup Asset Management. He was also the former Vice Chairman of Federal Reserve Bank of New York. Jason and Thomas discuss Thomas' entrance into real estate, why Thomas is so bullish on America long term, and what sets America apart from the rest of the world. Key Takeaways: [2:09] Thomas and his bride actually started by bidding on 2 burned out buildings in Boston [7:27] Thomas is perennially bullish long term, so dips in the economy are buying opportunities for him [9:39] The changes on Wall Street over the years [13:48] The most disappointing aspect to the reforms that have been made since the Great Recession [18:57] One of the things that really sets America apart is the excited entrepreneurial spirit [23:13] America faced a metaphorical crossroads in the late 1960s [26:03] Our nation doesn't give itself enough credit for how far we've come, even though we still have a ways to go Website: From Willard Straight to Wall Street on Facebook From Willard Straight to Wall Street
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Dec 6, 2019 • 10min

299: Mortgage Rates, Interest Rates & Money Supply

Jason Hartman talks to in-house economist Thomas about interest rates. There's been some movement up and some movement down, but Thomas has an opinion on where he thinks rates will go in 2020 and why he believes that. Key Takeaways: [1:10] The Fed only indirectly influences mortgage rates [3:09] Why Thomas believes mortgage rates will go up in 2020 [5:20] The 2 Central Bank forces that will push inflation back up [7:47] Why a $315 billion drop in money supply is important even though it's not much of a percentage of worldwide supply Website: www.JasonHartman.com/Properties www.JasonHartman.com/Ask
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Nov 29, 2019 • 14min

298: How Economic Incentives Impact Communities with Maker City's Peter Hirshberg

Jason Hartman talks with Peter Hirshberg, founder of Maker City® Project and CEO and co-founder of Lighthouse.one, about Opportunity Zones and how they work with constructing cities. Jason and Peter explore how the incentives were created and why they are crucial to the success of projects like Opportunity Zones. Key Takeaways: [1:56] Economic reinvention is a bottom up thing as people found what they were good at and innovators moved into the city [6:08] Why you have to create incentives like those the Opportunity Zone offers [10:10] Why real estate matters Website: www.Lighthouse.one www.JasonHartman.com/Properties
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Nov 23, 2019 • 19min

297: Economic Benefits of Opportunity Zones with Obama's Sr Economic Advisor Steve Glickman

Jason Hartman talks with Steve Glickman, Senior Economic Advisor to President Barack Obama and chief architect of the Opportunity Zone project, about how the Opportunity Zone system works, the definition of an Opportunity Zone and what benefits the program provides for real estate investors. Key Takeaways: [1:14] There are now 8,766 Opportunity Zones across the US [5:31] There are about 300 Opportunity Zone funds targeting $65 billion and have raised about 15% so far. How big is this expected to get? [8:28] The 2 big factors in why zone based programs become unsuccessful [10:16] What is the Opportunity Zone program? [13:23] Will Opportunity Zones exacerbate gentrification? Website: www.Lighthouse.one
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Nov 15, 2019 • 19min

296: Globalization, Leading Indicators & Tariffs with Brian Beaulieu, ITR Economics CEO

Jason Hartman talks with Brian Beaulieu, author of Prosperity in the Age of Decline and CEO of ITR Economics, about what's really going on in our economy right now. It's not as doom and gloom as some people have made it out to be, and it wasn't so a few years back. Brian explains what indicators you should really be paying attention to and what's coming up in 2020 as well. Key Takeaways: [2:14] What is the next cycle going to be? [5:27] The G7 leading indicator is something you should be watching [9:55] The peculiarity of the trade tariffs that have been imposed [13:06] Globalization is under severe negative pressure Website: www.ITREconomics.com
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Nov 8, 2019 • 28min

295: Wealth Simulations & Portfolio Evaluations

Jason Hartman and Investment Counselor Doug take a look at the danger of manias, especially when it comes to investing in startup companies (like WeWork). It's easy to get caught up in rising valuations and the like, but it's also easy to lose a whole lot doing so. Jason and Doug then discuss the Wealth Simulation exercise that was held at Profits in Paradise, including lessons learned about the method of building your portfolio that will set you up for the greatest wealth. Key Takeaways: [2:22] WeWork is a great example of why you should follow Commandment 21: Thou Shalt Avoid Manias [7:17] Don't fall for the company line of how they're going to change the world. Voluntary exchange with a company changes the world on its own [10:24] Don't be fooled by the resume or the amount of money that's being pumped into a company when making investment decisions [11:57] Blogcast: Housing vs Shelter [19:22] How the Wealth Simulation exercise worked [23:23] One of the top strategies in the wealth simulation game was a mixture of linear and hybrid markets so you could take advantage of cash flow and appreciation [29:35] You don't have to have too many properties before you're at the point where you're dealing with the law of large numbers Website: www.JasonHartman.com/Properties
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Oct 25, 2019 • 24min

294: Why Capitalism Triumphs in the West by Hernando de Soto

Jason Hartman talks with Hernando De Soto, founder and President of the Institute for Liberty and Democracy and author of The Mystery of Capital:, about the elements of capitalism that are most important and how property rights are absolutely essential. They also discuss the growing sentiment toward socialism in the United States and what impact that could have. Key Takeaways: [1:45] The 5 mysteries of capital [6:35] Capitalism is one of the few (if not only) systems that gives the lower classes a chance against the rich [13:07] What we do as capitalists does not translate to what we do in politics [17:53] The issue of equal opportunity for capital has to be addressed for capitalism to regain its popularity Website: www.ILD.org.pe
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Oct 18, 2019 • 22min

293: Changing Asset Management & Boom Year Ahead? with Daniel Ameduri

Jason Hartman talks with Daniel Ameduri, co-founder of Future Money Trends newsletter and author of Don't Save For Retirement: A Millennial's Guide to Financial Freedom, about how the working environment has changed from the Baby Boomers to Millennials and how the Millennial generation need to change their mindset about retirement in order to not be left behind when they're ready to leave the rat race. Key Takeaways: [4:02] What does Daniel mean when he tells people not to save for retirement??? [8:16] Beware financial advisers, there's more education required to be a hair stylist [12:59] Millennials should embrace the freelance economy [17:18] Daniel is seeing boom time for the next year Website: www.FutureMoneyTrends.com/Save
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Oct 11, 2019 • 17min

292: Governments & Digital Currency with Institute for Global Economic Growth's Richard Rahn, Advisor to President George HW Bush & Chief Economist of US Chamber of Commerce for Ronald Reagan

Jason Hartman talks with Richard Rahn, Advisor to former President George HW Bush and Chief Economist of US Chamber of Commerce for Ronald Reagan, about his thoughts on digital currencies and whether they will ever full grab hold in the United States with the power of the government. They also discuss Richard's time in politics and why he left the White House. Key Takeaways: [1:00] When Richard started being interested in what would eventually become cryptocurrency [8:23] The government could target any one of us because most people are committing crimes they don't even know about. But going after encrypted peer-to-peer transactions would be impossible [12:16] Why does Richard think Bitcoin won't be the answer? [13:29] Richard's time in the Reagan and Bush administration Website: www.IGEG.org
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Oct 4, 2019 • 33min

291: USA's Continuing Economic Expansion

Jason Hartman talks with Doug about short-term debt cycles and what's going on with our economic expansion that's been happening for years. It's been going on for a long time, and at some point it's going to turn, so how do we recognize it? Key Takeaways: [2:10] The Wealth Effect in a booming economy [4:44] What precipitates the turn of the economy? [11:05] The principles that drive the stock market are the same ones that drive real estate [14:40] Can GDP growth and stock market growth have diverging rates of growth for extended periods? [19:57] The primary reason this economic expansion has gone on so long is that it hasn't been inflationary [26:16] The looming pension crisis Website: www.JasonHartman.com/Properties Invest with Sven Carlin, Ph.D.

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