American Monetary Association

On this episode, Jason brings on Steven Thomas Founder of ReportsOnHousing.com to give his feedback on the current state of the market and how it will affect things moving forward. Utilizing his Quantitative Economics and Decision Sciences background coupled with his years of experience in the real estate field as a REALTOR®, broker, and executive of a multi-office real estate franchise, Steven Thomas delivers a report that captures the true essence of the current real estate market. Most economic housing reports analyze and discuss closed sales data, a look at the market through the rearview mirror. Closed sales are a reflection of pending sales that are put together 30 to 60-days prior to the closing. Reports on Housing’s report is a close look at supply and demand, the current listing inventory, current pending sale activity, and the expected market time for homes placed onto the market today. It is more of a current real estate market dashboard than a look in the rearview mirror. Key Takeaways: 0:00 Who is Steven Thomas? 1:00 Why are people hesitating to let go of their properties? 3:20 Have we ever been in a market like we have today? 4:20 How long will the impact of inflation affect the market? 9:30 Will mobile mortgages be implemented soon? 10:40 What will the CPI be like in the coming years? 13:40 How is inflation affecting society today? 16:00 Why is the model for supply and demand broken? 18:03 What markets are seeing inventory catching up to pre-COVID levels? 19:18 What will happen to wages in this high-inflation economy? 20:40 What should we be expecting to happen in the market? 22:20 What makes the current condition of the market different? 23:30 Why should people focus more on rental properties? 30:50 How can you reach out to Steven?   Links https://www.jasonhartman.com https://reportsonhousing.com/   Follow Jason on TWITTER, INSTAGRAM & LINKEDIN Twitter.com/JasonHartmanROI Instagram.com/jasonhartman1/ Linkedin.com/in/jasonhartmaninvestor/ Call our Investment Counselors at: 1-800-HARTMAN (US) or visit: https://www.jasonhartman.com/ Free Class:  Easily get up to $250,000 in funding for real estate, business or anything else: http://JasonHartman.com/Fund CYA Protect Your Assets, Save Taxes & Estate Planning: http://JasonHartman.com/Protect Get wholesale real estate deals for investment or build a great business – Free Course: https://www.jasonhartman.com/deals Special Offer from Ron LeGrand: https://JasonHartman.com/Ron Free Mini-Book on Pandemic Investing: https://www.PandemicInvesting.com

Jason Hartman welcomes Sachin Khajuria, investor and author of the newly released book Two and Twenty: How the Masters of Private Equity Always Win for a fascinating discussion on private equity investing. Private equity was once an investment niche, but  many of its leading firms today control an amount of wealth that surpasses the GDP of some nations! You hear a lot of people accusing private equity of underperforming or not creating any value. There is plenty of criticism against this sort of investment, but Sachin would disagree and in his book, he teaches you to identify the best opportunities which do very well. Sachin explores the future of private equity investing, how it has evolved and what can be done to make it more accessible. Key Takeaways: 0:30 Welcome Sachin Khajuria, investor and author of Two and Twenty: How the Masters of Private Equity Always Win 1:45 Sachin’s macroeconomic outlook 3:09 Where continuous money printing has led us 4:08 It was a forced recession 4:57 Zombie companies of the S&P 500 6:30 The Russia Ukraine war continues to disrupt 7:12 Where to invest now? 8:22 Investing in private equity deals 9:40 You are probably already a customer of private equity 11:29 Private equity is highly active investing 13:06 Venture capital typically deals more with startups 13:58 Private equity aims to improve existing assets 15:40 Private equity has evolved into new spaces 16:11 Sachin’s book: Two and Twenty: How the Masters of Private Equity Always Win 19:53 Can regular middle class people invest in these deals? 21:19 Is my money safe? How stable are private equity firms? 23:01 Access to these investments will come with regulation and education   Follow Jason on TWITTER, INSTAGRAM & LINKEDIN Twitter.com/JasonHartmanROI Instagram.com/jasonhartman1/ Linkedin.com/in/jasonhartmaninvestor/ Call our Investment Counselors at: 1-800-HARTMAN (US) or visit: https://www.jasonhartman.com/ Free Class:  Easily get up to $250,000 in funding for real estate, business or anything else: http://JasonHartman.com/Fund CYA Protect Your Assets, Save Taxes & Estate Planning: http://JasonHartman.com/Protect Get wholesale real estate deals for investment or build a great business – Free Course: https://www.jasonhartman.com/deals Special Offer from Ron LeGrand: https://JasonHartman.com/Ron Free Mini-Book on Pandemic Investing: https://www.PandemicInvesting.com 36:56 Get Sachin’s fantastic new book to learn more!

Alf is Italian but is coming today from the Netherlands. He and Jason talk about some of the factors that contributed to the collapse of the Silicon Valley Bank, the largest bank failure since the 2008 financial crisis. They discuss the moral hazard involved, mismanaged portfolios and the lack of proper risk management- factors that culminated on the banks demise, making investors question whether this will spark a broader banking meltdown. Key Takeaways: Jason’s editorial 1:21 Hope you enjoyed last episode 2:03 Listen to Jason’s “10 commandments of successful investing”: Thou shalt maintain control! 4:38 Housing inventory keeps falling- where’s the crash? 7:10 Almost 25% of mortgages are 3% or lower 8:19 On to our guest with a deep dive into the current banking crisis Alfonso Peccatiello interview 9:14 Alf, coming from the Netherlands 10:03 3 Bank collapses; a summary of what really happened 13:42 US Banks loan-to-deposit ratios 16:06 Moral Hazard and a mismanaged portfolio 19:16 Big banks hedge interest rate risks- NOT SVB 22:28 Lax regulatory and accounting laws in the US for small banks 23:34 Who benefited from the collapse 24:36 Securities portfolio mix as of December 31, 2022;  distinguishing between small and highly regulated banks 29:29 SVB ‘woke’ programs and the lack of proper risk management 30:39 Bank failures 2001 to 2023; are more bank collapses coming 31:56 At risk: the real estate market; unaffordable housing leads to more renters 34:50 Compared to what 37:43 The booming labor market 39:02 Credibility & central banks; Blackstone & KKR, Jerome Powell & Paul Volcker 44:25 There is no distressed home owner 48:10 Institutional investors- what their capital stack or debt structure is like 49:32 Step up your macro game  https://www.themacrocompass.com   Follow Jason on TWITTER, INSTAGRAM & LINKEDIN Twitter.com/JasonHartmanROI Instagram.com/jasonhartman1/ Linkedin.com/in/jasonhartmaninvestor/ Call our Investment Counselors at: 1-800-HARTMAN (US) or visit: https://www.jasonhartman.com/ Free Class:  Easily get up to $250,000 in funding for real estate, business or anything else: http://JasonHartman.com/Fund CYA Protect Your Assets, Save Taxes & Estate Planning: http://JasonHartman.com/Protect Get wholesale real estate deals for investment or build a great business – Free Course: https://www.jasonhartman.com/deals Special Offer from Ron LeGrand: https://JasonHartman.com/Ron Free Mini-Book on Pandemic Investing: https://www.PandemicInvesting.com

Listen in as Jason explains the debacle that is the Silicon Valley Bank collapse, the ripple effects it’s having in the banking community, the poison pill the FED has placed in the housing market and how it has painted itself in a corner. He also talks about what the government can do, how you can use his patented Inflation Induced Debt Destruction strategy to come out on top in these uncertain times and how you can protect your assets. Just go to https://www.jasonhartman.com/Protect for more details. Key Takeaways: 1:18 Silicon Valley Bank and Bank Run: Margin Call 2:47 Catch the Ron Paul FlashBack Friday episode and thanks to all who attended the Alabama Property Tour 3:11 Fear of Contagion and a taxpayer funded bailout; the tech dot com bubble 7:09 Children in adult bodies and a history of manias 8:28 The SVB crisis explained 10:37 Runaway inflation or banking system collapse, memes 12:45 Signature bank and Silvergate; SVB holdings compared to other banks 20:32 Alf from Twitter 21:25 US bank loan-to-deposit ratios 22:55 While SVB collapsed, top executive pushed “woke” programs 27:16 Memes and more memes; CNBC’s Jim Cramer urged viewers to buy shares of SVB last month 30:41 Bank failures 2001 to 2023 32:17 SVB financial deposits, quarterly net change 33:35  SVB’s insured versus uninsured deposits 34:08 Biggest bank failures and the FDIC 35:01 FREE class: CYA protect your assets, save taxes and estate planning 36:38 The decision to bail out SVB 38:13 What can we do; the 2 year treasury yield and Inflation Induced Debt Destruction Mentioned:  https://www.jasonhartman.com/Protect Follow Jason on TWITTER, INSTAGRAM & LINKEDIN Twitter.com/JasonHartmanROI Instagram.com/jasonhartman1/ Linkedin.com/in/jasonhartmaninvestor/ Call our Investment Counselors at: 1-800-HARTMAN (US) or visit: https://www.jasonhartman.com/ Free Class:  Easily get up to $250,000 in funding for real estate, business or anything else: http://JasonHartman.com/Fund CYA Protect Your Assets, Save Taxes & Estate Planning: http://JasonHartman.com/Protect Get wholesale real estate deals for investment or build a great business – Free Course: https://www.jasonhartman.com/deals Special Offer from Ron LeGrand: https://JasonHartman.com/Ron Free Mini-Book on Pandemic Investing: https://www.PandemicInvesting.com  

Jason Hartman is joined by Wesley Gray, CEO of Alpha Architect for a fascinating discussion on inflation hedges and future scenarios for commodities and crypto. How should we allocate risk right now? Why is crypto performing so poorly? Are we truly becoming a Banana Republic that does not end well? Jason and Wesley discuss a few things that you should always consider including keeping your tax rates down as much as possible. Fees and taxes are things you can often control, whereas we can’t control what the economy or inflation is going to do.  And why is crypto doing so poorly when it should, at least in theory, be the inflation hedge asset? Where’s Michael Saylor? Isn’t Bitcoin digital gold? Without a military behind it, will cryptocurrencies ever be truly viable? Key takeaway: 0:28 Welcome Wesley Gray, CEO & Co-CIO, Alpha Architect – Empowering investors through education 1:31 How do we allocate risk? 3:17 What assets should you be owning right now? Stocks, commodities? 6:24 Controlling your tax rates 7:49 Will we see incredibly high interest rates needed to tame inflation? 8:31 We are becoming a Banana Republic and it won’t end well 10:05 Alpha Architect investment philosophies 11:38 Following trends in crypto, bonds & stocks 13:19 Why is crypto doing so poorly right now? 15:00 Ponzi schemes backed by military 16:07 The ability to inflict violence is what makes the world run 16:50 Freedom in Iraq vs Freedom in the US 18:03 Learn more and check out Wesley’s blog at AlphaArchitect.com and follow on Twitter! @alphaarchitect Wesley R. Gray, Ph.D. CEO & Co-CIO, Alpha Architect After serving as a Captain in the United States Marine Corps, Dr. Gray earned an MBA and a PhD in finance from the University of Chicago where he studied under Nobel Prize Winner Eugene Fama. Next, Wes took an academic job in his wife’s hometown of Philadelphia and worked as a finance professor at Drexel University. Dr. Gray’s interest in bridging the research gap between academia and industry led him to found Alpha Architect, an asset management firm dedicated to an impact mission of empowering investors through education. Wes has published multiple academic papers and four books, including Embedded (Naval Institute Press, 2009), Quantitative Value (Wiley, 2012), DIY Financial Advisor (Wiley, 2015), and Quantitative Momentum (Wiley, 2016). Follow Jason on TWITTER, INSTAGRAM & LINKEDIN Twitter.com/JasonHartmanROI Instagram.com/jasonhartman1/ Linkedin.com/in/jasonhartmaninvestor/ Call our Investment Counselors at: 1-800-HARTMAN (US) or visit: https://www.jasonhartman.com/ Free Class:  Easily get up to $250,000 in funding for real estate, business or anything else: http://JasonHartman.com/Fund CYA Protect Your Assets, Save Taxes & Estate Planning: http://JasonHartman.com/Protect Get wholesale real estate deals for investment or build a great business – Free Course: https://www.jasonhartman.com/deals Special Offer from Ron LeGrand: https://JasonHartman.com/Ron Free Mini-Book on Pandemic Investing: https://www.PandemicInvesting.com

Welcome to today’s episode of The Creating Wealth Show where Jason Hartman reminds you that there is an important distinction to make between interest rates, housing affordability and the ability to qualify for a loan based on the usual things, such as credit score and debt-to-income ratio. There's a general overriding concept of credit availability, not directly related to interest rates: this is the willingness of lenders to lend and the ability of borrowers to borrow, measured by the Mortgage Credit Availability Index (MCAI). The credit supply is down, meaning it is now harder to get a mortgage than it used to be. Jason Hartman welcomes Patrick Ceresna, Founder of Big Picture Trading and host of the MacroVoices Podcast to the show to talk about the current macroeconomic picture we are facing today. Patrick explains why our inflation problems are not going away anytime soon. The only mechanism which the central banks have to slow an economy is the cost of credit, reflected in interest rate policy. However, the problem in this cycle is that when the inflation is not driven by massive demand, but rather supply issues, then the ability for monetary policy to actually have an impact diminishes. We are in the midst of a bear market on asset prices which may not have fully reflected into the real estate markets yet, but in terms of stock markets, bond markets, even slowly into commodities and other things, there has been a deflationary cycle in assets, while there's huge economic inflation because the central banks have begun a very important process of trying to attack inflation by slowing the economy. The only mechanism which the central banks have to slow an economy is the cost of credit, reflected in interest rate policy. However, the problem in this cycle, and why you have the debate of inflation, stagflation, or deflation is that when the inflation is not driven by massive demand, but rather supply issues, then the ability for monetary policy to actually have an impact diminishes. We’ve created all sorts of supply shocks that add further stress points that create additional cost delays and shipping and all sorts of other issues that are not going away. And it's not going to be solved by the Fed increasing another 75 basis points next month. This is a problem where inflation has to be solved by a bigger cycle playing out. And that, unfortunately, is not one that ends in three months. It's a problem that resolves over a couple years. Inflation is an issue that's not going away anytime soon. Key Takeaways: 0:28 Welcome Empowered Investors from 189 countries world wide 1:07 Mortgage Credit Availability Index (MCAI) 2:21 The Great Recession, the mortgage meltdown and The Big Short 4:22 Credit supply in a credit based economy 5:54 Empowered Investor Pro - EmpoweredInvestor.com 8:08 Wall Street is the modern version of organized crime 9:18 Regulating the food supply 10:42 Messaging apps and insider trading 13:51 Last week, the Euro reached parity with the dollar 17:14 Downward pressure on the inflationary spiral 18:21 Why Dave Ramsey is wrong 20:46 Today’s guest PATRICK CERESNA, Founder of Big Picture Trading 21:34 Patrick’s current macroeconomic picture 23:41 Energy shortage - oil vs green 27:11 CPI inflation numbers could come down, but it’s no merit of the Fed 28:49 The 70s had three waves of inflation 30:38 The global pandemic was a unique event 33:24 What investments do you own in an environment like this? 37:35 Could derivatives crash the global economy? 40:41 There a global system risk, not just American 43:09 We are in a fourth turning and there will be some major financial institution reset eventually 45:20 The destruction of purchasing value is the driver of a monetary driven inflation 46:46 The US dollar rising right now is going to keep inflation in check 49:10 At the end of every bear market is a once a decade opportunity to buy a lot of cheap stuff 50:56 A good investor or trader knows when to leave a party and go to a new one 52:54 Learn more at BigPictureTrading.com and check out Patrick’s podcasts: MacroVoices and Market Huddle   Follow Jason on TWITTER, INSTAGRAM & LINKEDIN Twitter.com/JasonHartmanROI Instagram.com/jasonhartman1/ Linkedin.com/in/jasonhartmaninvestor/ Call our Investment Counselors at: 1-800-HARTMAN (US) or visit: https://www.jasonhartman.com/ Free Class:  Easily get up to $250,000 in funding for real estate, business or anything else: http://JasonHartman.com/Fund CYA Protect Your Assets, Save Taxes & Estate Planning: http://JasonHartman.com/Protect Get wholesale real estate deals for investment or build a great business – Free Course: https://www.jasonhartman.com/deals Special Offer from Ron LeGrand: https://JasonHartman.com/Ron Free Mini-Book on Pandemic Investing: https://www.PandemicInvesting.com

Jason Hartman invites Joseph Wang aka The Fed Guy, to the show today. Who better to talk about the inner workings of the Federal Reserve than someone who actually worked there! Joseph Wang is a former senior trader on the open markets desk at the Federal Reserve and the author of Central Banking 101. Jason and Joseph tackle the biggest question on everyone’s mind: will mortgage rates go higher? How much higher can they go? Why did the Fed wait so long to start quantitative tightening and raise rates? Why didn’t they do it more gradually? Do you think Powell really thought inflation was transitory as he kept saying? It seems there was a political basis for him thinking that way, which filtered into policy and partially resulted in the huge inflation we're seeing right now. But what gives? If you don’t raise rates in order to avoid increased unemployment, then inflation will continue. Joseph Wang also gives his take on the Fed’s response during times of economic crisis such as the Great Recession and the recent pandemic. Was it right of the Fed to get involved and stimulate the economy, or should they have let the economy and markets work themselves out? Is the Fed part of a greater conspiracy? Is there a man behind the curtain pulling the strings? Joseph Wang tells all! FedGuy.com Key Takeaways: 0:28 Welcome Joseph Wang, former senior trader on the open markets desk at the Federal Reserve, author of Central Banking 101 1:33 Interest rates and mortgage backed securities 4:03 Quantitative easing - buying mortgages and treasuries, quantitative tightening - higher mortgage rates 7:21 Raising the borrowing rate above the inflation rate 9:33 Rents are going higher 11:36 Short term vs long term interest rates 12:55 Decreased labor supply and higher wages 14:33 China is the fastest aging country in the entire world 17:24 The Fed is absolutely political 21:37 Debt to GDP ratio and the dollar collapse 24:22 Why do other countries buy dollars? 27:53 Bloodbath in the cryptocurrency markets 29:53 Understanding the Fed - is there a man behind the curtain? 31:56 Was the Fed right to interfere during Covid and the Great Recession? 34:53 What is a shadow bank? 36:56 The story behind Long Term Capital Management 37:58 Economic outlook: be cautious with financial assets 39:36 Joseph Wang’s book Central Banking 101, learn more at FedGuy.com, follow Joseph on Twitter @FedGuy12   Follow Jason on TWITTER, INSTAGRAM & LINKEDIN Twitter.com/JasonHartmanROI Instagram.com/jasonhartman1/ Linkedin.com/in/jasonhartmaninvestor/ Call our Investment Counselors at: 1-800-HARTMAN (US) or visit: https://www.jasonhartman.com/ Free Class:  Easily get up to $250,000 in funding for real estate, business or anything else: http://JasonHartman.com/Fund CYA Protect Your Assets, Save Taxes & Estate Planning: http://JasonHartman.com/Protect Get wholesale real estate deals for investment or build a great business – Free Course: https://www.jasonhartman.com/deals Special Offer from Ron LeGrand: https://JasonHartman.com/Ron Free Mini-Book on Pandemic Investing: https://www.PandemicInvesting.com  

Peter Zeihan, author and geopolitical strategist, is back on the show with Jason Hartman to discuss inflation, the breakdown of supply chains and global manufacturing, the labor shortage, generational demographics, the Russia Ukraine conflict, and so much more! “In his timely new book, The End of the World is Just the Beginning: Mapping the Collapse of Globalization, author and geopolitical strategist Peter Zeihan maps out the next world: a world where countries or regions will have no choice but to make their own goods, grow their own food, secure their own energy, fight their own battles, and do it all with populations that are both shrinking and aging. The list of countries that make it all work is smaller than you think. Which means everything about our interconnected world - from how we manufacture products, to how we grow food, to how we keep the lights on, to how we shuttle stuff about, to how we pay for it all - is about to change. A world ending. A world beginning. Zeihan brings readers along for an illuminating (and a bit terrifying) ride packed with foresight, wit, and his trademark irreverence.” At the moment, the labor disconnect is the single largest issue behind our inflation numbers and the worker shortage will increase every year until 2030. The advanced worker cadre of baby boomers is moving into retirement and the need for government spending to keep these people alive will skyrocket. The very core of globalization is that anyone can go anywhere to get anything. This will change as China is no longer a reliable manufacturing partner and many companies are on their way out. Also, when we talk about the breakdown of supply chains, we're entering into a world where raw commodity access is no longer guaranteed, so we can look forward to large portions of the world losing access to the inputs that are necessary to attempt a modern lifestyle. Take silicon for semiconductors for example; 95% of it comes from one mine in North Carolina. So it's one thing to control global food or global energy - it's another thing when you can control the only input that allows digitization to even theoretically happen. The sourcing of raw materials is critical. Now that the world's top wheat exporter has invaded the world's number four wheat exporter, what short and long term consequences can we expect? Not to mention that Russia is also the world's largest exporter of fertilizer and the components necessary so people can make it. We're in the early stages of a multi year shortage in all things agricultural. Key Takeaways: 0:00 Welcome Peter Zeihan, he just released his new book The End of the World is Just the Beginning: Mapping the Collapse of Globalization 1:54 Globalization is unique to this period in history 3:19 Mass explosion of economic activity around the world 4:43 Aging demographics around the world 6:00 China crammed 200 years of economic advancement into 40 years 10:03 Historically, capital and demographics have not been intertwined 12:22  The link between inflation capital availability and demographics - Boomers are retiring in large numbers 13:25 We have a 400,000 workers shortage and that will increase every year until 2030 15:14 The labor disconnect is the single largest issue behind our inflation numbers 18:00 Labor market over the next 20 years 19:22 Can China take over the world? 22:43 China’s severe lockdown measures 24:45 China in Africa 27:01 Will automation destroy jobs? 29:49 The future of manufacturing 31:53 Was the Bretton Woods Agreement a good system? 34:47 Peter Zeihan on industrial commodities 37:46 What’s next for the economy? 40:42 Building material shortage 42:49 Learn more at Zeihan.com. Follow Peter on Twitter @PeterZeihan and check out his new book - The End of the World is Just the Beginning: Mapping the Collapse of Globalization PETER ZEIHAN is an expert in geopolitics: the study of how place impacts financial, economic, cultural, political and military developments. He presents customized executive briefings to a wide array of audiences which include, but are not limited to, financial professionals, Fortune 500 firms, energy investors, and a mix of industrial, power, agricultural and consulting associations and corporations. Mr. Zeihan has been featured in, and cited by, numerous newspapers and broadcasts including The Wall Street Journal, Forbes, AP, Bloomberg, CNN, ABC, The New York Times, Fox News and MarketWatch.   Follow Jason on TWITTER, INSTAGRAM & LINKEDIN Twitter.com/JasonHartmanROI Instagram.com/jasonhartman1/ Linkedin.com/in/jasonhartmaninvestor/ Call our Investment Counselors at: 1-800-HARTMAN (US) or visit: https://www.jasonhartman.com/ Free Class:  Easily get up to $250,000 in funding for real estate, business or anything else: http://JasonHartman.com/Fund CYA Protect Your Assets, Save Taxes & Estate Planning: http://JasonHartman.com/Protect Get wholesale real estate deals for investment or build a great business – Free Course: https://www.jasonhartman.com/deals Special Offer from Ron LeGrand: https://JasonHartman.com/Ron Free Mini-Book on Pandemic Investing: https://www.PandemicInvesting.com

Is the World Economic Forum in Davos a serious discussion about climate change and injustice, or just a chance for billionaires to get together and do business? Find out as Jason Hartman interviews Peter S. Goodman, Global Economic Correspondent for The New York Times, as they discuss his new book, Davos Man: How the Billionaires Devoured the World. The World Economic Forum institution was started by German economist Klaus Schwab back in the 70s, on the proposition that if you got businesses and governments together, you could solve a lot of problems. Schwab claims to be interested in public private partnerships and win-win solutions. But somewhere along the way, the WEF has become, under the guise of a nonprofit foundation, a highly lucrative enterprise. Schwab brings in heads of state from around the world to meet with billionaires, public intellectuals, a whole lot of journalists, the odd Hollywood celebrity, musicians etc. But according to Goodman, it’s a charade; they are there to do business. The WEF 2022 recently took place last May. Peter profiles the “Davos Man” as someone who makes himself the solution where he is the problem: just allow us to do our deals, and have our conversations about how to solve the big problems of the day and we will take care of that and all of the benefits will just magically trickle down throughout society. Let’s not kid ourselves. That is something that has in reality happened zero times… Watch the video HERE. Key Takeaways: 0:00 Welcome Peter S. Goodman, Global Economic Correspondent for The New York Times, author of Davos Man: How the Billionaires Devoured the World 1:02 World Economic Forum conference in Davos - is this a shadow government? 3:01 Rent-seeking behavior in Davos 3:56 The WEF was started by German economist Klaus Schwab back in the 70s 5:04 A chance for the billionaire class to virtue signal 7:08 Who is the “Davos Man?” 9:27 Marc Benioff, philanthropy, Trump tax cuts and capitalism 11:50 Big companies avoid taxes by using foreign subsidiaries 16:56 Christian Smalls, Amazon warehouse worker 19:38 “Davos Man” makes himself the solution where he is the problem 23:57 Bankers get bailed out, but homeowners don’t 24:52 Healthcare system and surprise billing 29:03 Generating profit opportunities for themselves at social expense 35:08 Is Trump the “Anti-Davos Man?” 37:56 China is a complex challenge for the global trading system 43:06 China's WTO session was driven by the interests of American shareholders 44:38 Our democratic society is under threat from this inequality 45:57 We need three things: progressive taxation, antitrust enforcement and collective bargaining 46:50 Get more info at PeterSGoodman.com. Follow Peter on Twitter @petersgoodman About Peter S. Goodman Peter S. Goodman is the global economic correspondent for The New York Times, based in New York. He appears regularly on The Daily podcast, as well as major broadcast outlets like CNN, the BBC, Sky News, MSNBC, and Monocle Radio. ​ He was previously Executive Global News and Business Editor of the Huffington Post, where he oversaw award-winning investigative, international, business, and technology reporting.   Follow Jason on TWITTER, INSTAGRAM & LINKEDIN Twitter.com/JasonHartmanROI Instagram.com/jasonhartman1/ Linkedin.com/in/jasonhartmaninvestor/ Call our Investment Counselors at: 1-800-HARTMAN (US) or visit: https://www.jasonhartman.com/ Free Class:  Easily get up to $250,000 in funding for real estate, business or anything else: http://JasonHartman.com/Fund CYA Protect Your Assets, Save Taxes & Estate Planning: http://JasonHartman.com/Protect Get wholesale real estate deals for investment or build a great business – Free Course: https://www.jasonhartman.com/deals Special Offer from Ron LeGrand: https://JasonHartman.com/Ron Free Mini-Book on Pandemic Investing: https://www.PandemicInvesting.com

​​Jason Hartman welcomes Lynette Zang, Chief Market Analyst for ITM Trading. We are at the end of this current monetary experiment! Central banks are out of tools and out of time. Are we headed into a hyperinflationary depression? The system is already shifting and will have to be reset - we just need a big enough crisis to get everybody on board… Watch the video HERE. Key Takeaways: 0:00 Welcome Lynette Zang, Chief Market Analyst for ITM Trading 1:48 Valuing Gold and crypto 4:01 Moving property and equity into the digital universe 5:03 What do you think the real rate of inflation is? 7:31 Inflation is a wealth transfer from the poor to the rich 9:48 Democracies such as Canada have gotten heavy handed 11:00 Modern monetary theory and central bank digital currencies 13:16 The Federal Reserve is out of tools 15:53  Purchasing power chart of the consumer dollar 17:37 Nixon closed the gold window on August 15 of 1971 and in that same era, he took a historic trip to China 19:42 Correlation between recessions and interest rates 22:29 Will the Fed continue to raise interest rates? 24:53 Nothing left for the Fed to do: the end is near 26:40 Is the reserve currency coming to an end? 28:58 A big strong middle class is what makes a country stable 30:51 Is gold insurance or an investment? 32:29 The number one product of any government and any central bank is its currency 33:36 Gold coins vs gold bullion 38:32 Learn more at ITM trading.com   Follow Jason on TWITTER, INSTAGRAM & LINKEDIN Twitter.com/JasonHartmanROI Instagram.com/jasonhartman1/ Linkedin.com/in/jasonhartmaninvestor/ Call our Investment Counselors at: 1-800-HARTMAN (US) or visit: https://www.jasonhartman.com/ Free Class:  Easily get up to $250,000 in funding for real estate, business or anything else: http://JasonHartman.com/Fund CYA Protect Your Assets, Save Taxes & Estate Planning: http://JasonHartman.com/Protect Get wholesale real estate deals for investment or build a great business – Free Course: https://www.jasonhartman.com/deals Special Offer from Ron LeGrand: https://JasonHartman.com/Ron Free Mini-Book on Pandemic Investing: https://www.PandemicInvesting.com