CI 164: Bursting Bubbles & Long Con Destroying America with Matt Taibbi

Jason Hartman talks with Matt Taibbi, contributing editor at Rolling Stone and author of books such as Griftopia and The Divide, about bubbles. The two explore how Fed policy has been leading to bubbles throughout the years, how Wall Street is designed to take advantage of the average citizen and what we can learn from the history of bubbles.

Key Takeaways:

[3:04] There’s a pretty decent path from Fed policy to bubbles

[7:34] How the Great Recession came into being

[12:10] Institutions have learned how to create a bubble to profit from, but then also be prepared to make money when their own bubble bursts

[16:17] As long as trades are occuring Wall Street is making money

[18:07] How investment bankers are auctioning off America’s infrastructure

[22:47] What is the investor’s lesson from the bubble machine?

Website:

www.Taibbi.SubStack.com

www.RollingStone.com

CI 163: Appealing Your Property Taxes with Keith McIntosh

Jason Hartman talks with Keith McIntosh, President of McIntosh & Associates, LLC, about protesting your property taxes for your rental properties across the country. Keith explains the different ways you can protest your taxes, why the government big data doesn’t get it right all the time, and more.

Key Takeaways:

[2:01] The property tax process & the 3 typical opportunities to dispute

[8:27] How does the process with Keith’s company work?

[10:51] Why is Keith’s “big data” different/better than the tax assessors?

[15:34] Is there a non-automated product available?

[17:51] How much people are usually able to save when protesting their taxes using Keith’s data

[20:04] Protesting your taxes gives you a cumulative effect over the years

Website:

www.HomeTaxSavings.com

CI 162: From Rust-Belt to High-Tech in a 21st Centure World with Steven Blue

Jason Hartman talks with Steven Blue, author of Metamorphosis, about changing your business in today’s economic environment. Steven explains what’s happening in the Rust Belt, the impact tariffs are having, and the state of manufacturing in the United States.

Key Takeaways:

[2:06] What’s going on in the Rust Belt?

[4:45] Even with even tariffs, the circumstances each country allows their companies to have makes trade unequal

[9:39] The mainstay of the US is still manufacturing, but it’s eroding because of fat, happy CEOs

[16:40] Can the “Rust Belt businesses” play the same game as the high tech companies?

[19:30] A quick tip on company culture: have a Cirque du Soleil culture

[23:16] The new way of going to trade shows

Website:

www.JasonHartman.com/Masters

www.StevenLBlue.com

CI 161: The Fall of Big Data & the Entrepreneurial Spirit with George Gilder

Jason Hartman talks with George Gilder, author of Wealth & Poverty, Knowledge & Power, The Israel Test, The Scandal of Money, Life After Google, as well as being an investor, writer, economist, and info-theorist, about his newest book, Life After Google. The two discuss how society is shifting when technology continues to change, as well as how blockchain is going to disrupt the entire thing anyway. George also addresses the entrepreneurial spirit in America and what to expect in the next 5-10 years

Key Takeaways:

[14:38] What is Google Marxism?

[19:22] Since many of Google’s services are free, their learning may be slower than other companies

[21:32] Google’s ultimate goal

[22:26] What will the future look like in 5-10 years with blockchain technology continuing

[26:02] The cryptocosm offers is a new architecture for the internet

[29:25] The entrepreneurial spirit is alive and well in China, more so than in the US

[34:49] What Life After Google offers

Website:

www.JasonHartman.com/Masters

George Gilder Books on Amazon

CI 160 – Ominous News from Science & Amazing Truths with Michael Guillen

In this 10th episode, Jason Hartman talks with Michael Guillen, Emmy Award Winner and author of The End of Life As We Know It, about some of the ethical dilemmas facing society today. Jason and Michael look at one particular case going on today involving chimeras and question whether this is something we SHOULD be doing. We always have to ask whether we’re doing something because we CAN or because we SHOULD.

The two also look at the state of the surveillance state, the impact of AI and more.

Key Takeaways:

[3:40] There are some scientific tests being run today that we may want to rethink

[9:572] The inventor of the world wide web is now working on a second iteration because of what has become of his first version

[16:46] We need to really think about some of the things coming in technology, because we’re starting to ask machines to make moral decisions

[20:39] The changing face of the surveillance state as the Internet of Things gets bigger and bigger

[22:44] Artificial Intelligence is the 4th industrial revolution and the first one to target people. Will it produce more jobs than it destroys?

Website:

www.MichaelGuillen.com

CI 159: Our Country Is Founded on Debt with Pat Donohoe

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

CI 158: Investing in Opportunity Zones & Avoiding Scams with Mike Zlotnik

Jason Hartman talks with Venture Alliance member Mike Zlotnik about the new trend in real estate investing, which is “Opportunity Zones”. The two discuss what they are, when they can be a good idea, how the funds work and some potential tax implications. The two implore the listener to vet your sponsor before investing, not invest just for tax purposes and aligning your interest.

Key Takeaways:

[3:30] Mike’s thoughts on deals in opportunity zones

[6:37] How funds work when investing in Opportunity Zones

[10:48] How are fund managers being successful getting people to invest

[14:22] Some potential tax implications

[17:25] Don’t make the deal just for tax benefits. The deal needs to make sense BEFORE the tax benefit

[21:55] Your fund manager needs to have some skin in the game

[26:48] It’s important to understand what a quality sponsor is

[28:51] The 2 major layers to pooled money investments

[31:25] Alignment of interest

Websites:

www.JasonHartman.com/Masters

www.BigMikeFund.com

CI 157 – Why Central Planning Will Never Work with Steven Landsburg

Jason Hartman talks with Steven Landsburg, Professor of Economics at Rochester and author of Can You Outsmart an Economist, about the big economic questions of the day. Steven explains why central planning will never work, the “Economic Berlin Wall” Jason proposes, and why more sex is safer sex (and how that applies to economics).

Key Takeaways:

[6:08] It’s virtually impossible for central planners to get economic issues right

[10:38] How minimum wage is taken care of by the Earned Income Tax Credit

[13:58] The “Economic Berlin Wall” in today’s society

[23:39] Using economics when considering the world’s population

Website:

www.TheBigQuestions.com

CI 155 – Enduring Wealth from the Historic Shift to Multifamily Housing with Paul Moore

Jason Hartman talks with Paul Moore, author of The Perfect Investment: Create Enduring Wealth from the Historic Shift to Multifamily Housing, about what demographics are telling the two of them about the next decade for landlords, as well as home ownership rates and the current habits of both baby boomers and millennials.

Key Takeaways:

[1:45] How the demographics for the next decade looks for landlords

[3:43] Where Jason believes home ownership rate should be

[5:59] The faster growing demographic of renters is the baby boomers

[8:58] Millennials are renting in large numbers, partially thanks to the portability society

[12:55] What investing really is and other investment philosophies

Website:

www.WellingsCapital.com

The Perfect Investment: Create Enduring Wealth from the Historic Shift to Multifamily Housing

CI 154 – Self-Storage & Failing Forward to Financial Freedom with Mitch Stephen

Jason Hartman talks with Mitch Stephen, author of My Life and 1,000 Houses, on Mitch’s start in real estate, the importance of not having 100% occupancy, how to determine if your market is overbuilt, doing due diligence, and more.

Key Takeaways:

[2:38] Is self-storage overbuilt? How Mitch tries to minimize his competition

[8:05] Self-storage facilities can go up really quick, is it better to buy an existing or build a new one?

[12:45] Jason’s revelation about commercial vs self-storage real estate back in 2010

[16:20] Why you never want to be full in any sector of real estate investing & what you should do if facilities in the area are full

[19:49] Some of the due diligence Mitch does when looking for a facility to buy

Website:

www.REInvestorSummit.com