Jason Hartman shares numbers on exports by each state. He discusses how each industry contributes to a state’s exports and how the population fo a state affects the export totals. Later in the show, he is joined by best-selling author and motivational speaker, Nick Adams. They discuss the US turnaround to come and how it is the greatest country in the world.
Jason Hartman 0:54
Welcome to episode number 14 81,400 and At and you know what that means is this is a 10th episode show some of my favorites, while Hey, they’re all my favorite, I hope they’re all your favorite too. And we go off topic, discuss something of general interest. And this one will be, it’ll be exciting for you. So you’re going to enjoy it. You know, there’s a lot of a lot of pessimism out there. There’s a lot of trouble in the world. This guest is going to remind us all that we need to be appreciative of all that we have, and especially if we live in a democratic country, and especially if we live in the country that sort of made democracy famous, if you will. And so we’ll get to that in a moment. But first, I want to take a look at a few things with you. And this is on the business side, more on the business side the money, money, money, show me The money. Okay, so I am looking at a graph here from the US Census Bureau. And why is this graph interesting? Because it’s talking about which state is the biggest exporter? And let me see there are six on this graph. Now there are obviously more states. If you’re Obama, there are like 57 states, if you’re anybody else, there are 50. But whatever. Anyway, we’re just talking about no seven of them here. Seven, right. Yeah. And so we’ll go looking at these top states. We’ll go from the bottom up. And why is this chart flawed? That is the first question I have to ask. Well, it is flawed, because it is only looking at absolute dollars of export value in billions of dollars. Rather than looking at exports in comparison, because what is the Jason Arvind question complete Do what in comparison to the size of I say two things, the size of its economy, you could call that the GDP of the state. Now, you know, GDP is really meant on a national level at a country level. But you know, the state has a GDP, each state has a gross domestic product, the size of its economy and the size of its population. Because that would really tell you how the state is doing. And if you looked at it that way, you might still have, you know, somewhat similar outcome, but I would be a little different. These would reorder and I don’t have that data for you. But I just have the questions for you. And this is why I want to share those questions, because I want you to be skeptical. I want you to be cynical, just like me. Not just skeptical, but cynical. Don’t believe what these people tell you, whether they’re in the media. They’re in anything. And everybody’s in there anything, aren’t they think everybody’s all in the anything? No, it’s so funny. I remember when I was a little kid, I remember kind of occupying myself with trying to do nothing. I was thinking, Okay, if I sit in the chair and I don’t move, am I doing nothing? If I lay on the floor, am I doing nothing? If I stand up, could I be doing nothing? And I found it impossible to do nothing. I was always doing something. So everybody is in the anything. So be skeptical of the everybody that’s in the anything. The media, the government, the statisticians, ask questions. And the question is, the best question of all is always compared to what and that will lead you to seeing and hearing the dogs that don’t bark and seeing the unseen because that has profound impact of what is unseen. So this graph just talks about the states that are the biggest exporters. And from the bottom up in billions of US dollars, we have Michigan, well, hey, they export cars. So that’s pretty big business, pretty big ticket item. They do other things, too. But there’s still even all things considered, and how Detroit has collapsed. But all things considered, they still got a lot of export activity going on there. So Michigan, and I’m going to round off here to save time $55 billion, Florida, my new home state for the past couple of years. And I gotta tell you, I’m liking Florida folks. Think I’m going to stay here. You know, I’ve been looking for the perfect place to live since 2011. When I left the Socialist Republic of California, moved to Arizona and really liked Arizona quite a bit for six years. I lived there, and then I moved back for a very short stint. I moved to La Jolla. San Diego area California to catch a little tax break Yes, I might have set a world record as being the only person ever to move to California to save on taxes. I explained that on several episodes at the time I was doing it so I won’t bore you with it today and then I moved to lost wages Nevada Las Vegas for a year and a half and live there and add in like Las Vegas too much but you know does have a few things going for it definitely airport go a lot of places from the airport and hey, it’s the closest you can get to the socialist republican still have no state income tax, but I just never been a fan of Las Vegas whatever, you know, it’s different strokes for different folks. So then Florida and you know, I gotta say I’m like in Florida pretty well. Very good environment, no state income taxes, business friendly. Lot of beautiful beaches and scenery and luxury weather even though Hey, it’s getting kind of hot. I’m not going to be saying luxury weather for a few months. Cuz summer’s here and it’s, it’s getting kind of a little too hot. Okay for sure. But still not that bad. You know all things considered Florida’s good, so 56 billion in exports, Illinois 60 billion and exports. Washington State 60 billion. Louisiana 63 billion. Remember, of course, New Orleans is a big giant court area. Remember that little thing called the Louisiana Purchase. And remember when I’ve talked to you about john law, that’s fascinating financial and monetary history, but fascinating. New York, New York, the Socialist Republic of New York $73 billion. And then my former home state, the Socialist Republic of California, the agricultural capital of the United States and the maybe what six oranges economy in the world and look up Not giving California a lot of credit for that, because California is a disaster in the house. But I will give California credit for this. Well, you know, listen, if you just have a lot of people, you’re gonna have a big economy, even if you do everything else wrong. And California is the most populous state, it’s about 40 million people. So even the former Soviet Union just by sheer population numbers, even though it was a mismanaged, absolute disaster, they had a fairly big economy, because they just always part of the Soviet bloc, not just Russia, saying the entire Soviet bloc, there’s a good amount of population in there. So you’re gonna have a big economy even if you have it poorly managed. But California did succeed in attracting a lot of people to its state. Now, you know, in the last couple decades, that trend is obviously reversed as people are looking to escape. The economic disaster and shifting tide of California. But when people get somewhere, it’s kind of sticky, right? They kind of stick around because, hey, there’s a lot of friction in moving. You got to leave people you know, you care about you have friends, you have habits, you have a routine moving, it’s just a lot of friction. So it’s a very sticky thing once people get someplace, they do eventually vote with their feet. But it takes a while. It’s not easy for many years, long before 2011 I wanted to leave California, and I just stuck around and complained about it. Okay. But hey, California is not all bad. It does have a lot of stuff going for it. Definitely. I would argue it’s not the most it’s certainly one of the most beautiful states in the US, you know, a lot of geographic and topographical variety in California. Florida, on the other hand, is flat as a pancake. Do you know what the highest altitude point in California is? Well, it’s actually a building Yeah. It’s not it’s not land, but the highest landmass in Florida is like 330 feet. It’s nothing. Oh, it’s flat as pancake. Number one the number one biggest export state and by the way the soul in 2019 in the United States by a longshot is Texas. Don’t mess with Texas 3030 sorry 330 billion dollars in exports Texas go Texas, a smaller population than California, but a lot of economic activity. Of course Texas has this thing they call black gold now like oil now the oil businesses obviously been hit pretty hard. But that’s the scoop. I won’t go into all the details of that. Okay, let me talk about a couple. Let me just get maybe one more thing in here before we get to our 10th episode show today. pent up demand lifts Home Sales survey finds. Now this is a survey where’s this from? I think this from my morning brew news zone This is the Wall Street Journal Wall Street Journal. So this says new home sales rose by 21% in May from a year earlier according to a survey of more than 300 us home builders conducted by none other and he’s been on the show many times john Byrne’s real estate consulting, demand has started rising in recent weeks real estate brokers say a stay at home restrictions and mortgage rates remain the restrictions ease and mortgage rates remain near record lows. Listen to a couple of numbers here then we’ll get to our 10th episode guests. Okay. And these are not exactly related to the main thing but they’re interesting. So Simon Property Group, you know, that’s the big mall owner they own a lot of shopping malls whenever you walk into a shopping mall in the US It’s very likely that you’ll see a logo on the glass doors as you’re coming into the mall. But say, Simon Property Group, they’re a big, okay. And you know, a few years ago, I talked about how their CEO was the highest paid CEO of any public company paid like 130 $7 million. Wow, that’s big. That’s a lot. Anyway. $66 million is how much Simon Property Group is suing the gap over unpaid rent and other charges. gap said it is committed to working with landlords to find a, quote, mutually agreeable solutions and fair rent terms. Now, many of you listening are business owners and business owners. Oh, excuse me, I have to close the window because there’s a noxious leaf blower outside and after we get through civil unrest, and after we get through Through Coronavirus pandemic. Let’s please get to what else is important in the world outline these funded leaf blowers and all gardening equipment that is gas powered. You know Elan musk really wanted to serve humanity. He could get the world to replace all these of noxious gas powered gardening utensils. leaf blowers, weed whackers lawn mowers with electric. Oh, God, let me close the window.
Okay, the window is close. Jason, sometimes you go on a ramp. We think you might be a little manic. Yeah, well, I understand. Anyway, a lot of you commercial or commercial landlords, but don’t be a commercial landlord. That’s the first lesson here, but also for your own business. Don’t buy in rare cases. You know, buy the building your businesses and but in most cases, don’t just rent it. Hopefully you don’t even need a building. And you can have a virtual company like I’ve had since 2012. We gave up our last office, we had several offices in 2012. And it’s not perfect, but it’s definitely better. And certainly lower expenses, right and everybody who are team members, they don’t like working out of the house. So let them do it. But yeah, can you imagine a $66 million lawsuit Now remember, the gap owns Banana Republic and they own some other stores? I personally like banana republic, but please don’t buy me a gift certificate for Banana Republic because like billions of dollars in those gift cards. Oh, you hear the leaf blowers? Yeah. Billions of dollars in those gift cards go unclaimed every year. But thank you for thinking of me. I appreciate it. And Peck I don’t need any more clothing. I keep telling my mom that and every birthday Christmas, whatever, you know, clothing Stop buying me slowly. I don’t need any more clothes. So another number 330,000 This is the number of small investors that have invested in office buildings, hotels, apartments and other commercial property through crowd flung flooding that he actually that’s, you know, my misspeak was actually a good name crowdfunding websites. Don’t do this stuff, folks, crowdfunding, you know, it violates commandment number three, thou shalt maintain control. Okay, just don’t do it. Don’t do it. And look at what the assets are investing in office buildings. Those are blowing up disaster train wreck, hotels. Blowing up. Not all of them but many apartments. Not quite as big an explosion because some of them are aren’t so bad. Housing is Definitely where it’s at. Alright, last number then we’ll get to our guests 59% the number is 59%. That represents the increase in sales of new homes in Florida. Yes, my new home state in Florida in the month of May, compared with a year prior, according to a survey by now I guess they footnoted the survey and I don’t have the name of the survey so forgive me on that one. buyers who plan to buy homes in 2021 or later are moving up their timelines due to Coronavirus cabin fever. Well, guess who predicted that one? Yours Truly. Another one of my predictions have come true. 59% increase in home sales in Florida. And guess what? Thankfully, we have a Southwest Florida webinar coming up for you this weekend. Go to Jason Hartman die COMM slash webinar, Jason Hartman comm slash webinar, and you can get registered and attend that webinar, and it’s short and sweet. It’s only 32 minutes long. So it’s a real short one, but I think you’ll really like that and you definitely want to be looking at some of our Florida opportunities. We’ve got lots of them. We have Jacksonville, we have Southwest Florida. We have other markets in Florida. And we have other markets nationwide around the country, of course, but Florida is really in Waco. It’s hot, hot, hot. And that doesn’t just mean the weather. Okay, if you need us, we’re here for you to guide you to help you to be your best asset in building your real estate portfolio. One 800 Hartman, you can call us one 800 Hartman or Jason Hartman calm. Without further ado, let’s get to our 10th episode guests. And let’s think about appreciating the tremendous things that we have have in life, and especially if we are in one particular place.
It’s my pleasure to welcome . He is founder and executive director of the foundation for liberty and American greatness, otherwise known as flag. He’s a columnist for townhall.com Centennial Institute policy Fellow at Colorado Christian University, and author of several books including the American Boomerang, how the world’s greatest turnaround nation, we’ll do it again. Green Card warrior, and rethinking America and Class dismissed, why college isn’t the answer. And the new book that comes out tomorrow, Trump and Churchill defenders of Western civilization. Nick,
Nick Adams 18:50
welcome. How are you? Hello, Jason. It’s a pleasure to join you and your listeners. It’s good to have you and you are an Aussie who is now living in Dallas, right? That’s correct. I’m an immigrant today. The United States of America I got my extraordinary ability green card. Four years ago. I look forward to becoming a citizen next year when I become eligible after my five years of permanent residency has been completed, I wake up every day and thank God that I’m in America. I think the United States is the greatest country in the world. And I’m just really blessed to be here and be a part of the American dream.
Jason Hartman 19:24
Well, that’s awesome. But hey, Australia’s not so bad. I’ve been there before I liked Australia. What’s wrong with that?
Nick Adams 19:31
Well, Jason on show that you visited, you didn’t live there. Probably a totally different kettle of fish when you’re talking about living in Australia and Australia is a nice place, but it’s not really a place for somebody that wants to blaze a trail and leave a legacy and, and be different and be bold and be brash and, and not conform to expectations or conceal the true self. Australia is a place of a lot of gatekeepers, where you’re really not the person that’s in charge of you’re not the primary author of your destiny. You’re not really in the driver’s seat of your future. And that’s what makes America so special. Yeah, that’s a great way to say it. Just last question. We’re in Australia. Did you live in a big city that all of your listeners will be familiar with? Sydney hosted the 2000 Olympic Games, Summer Olympics, and it’s a city of about 5 million people these days, that 4 million when I was growing up, so it’s a big, big place. Yeah, good, good. It’s beautiful city for sure. But yeah, I get it. America really is a special country. There’s no question about it. And you know, we have listeners in 189 countries. And you know, I was not born in the US and I just feel that it’s a very special place and I I feel very lucky to to have that American passport. But, you know, it ain’t what it used to be. I don’t know. You know, your book The American boomerang. You call it a Turner with the world’s greatest turnaround nation. Now a lot of people think of turnarounds when they think of companies, right? You know, they’re people, corporate people who specialize in being a turnaround specialist. How will America do it again? And by the way, that book is six years old now. So I’m sure there’s a little perspective on that too. Right? Without a doubt, Jason, look, the United States of America, the American culture, I believe has a very interesting resilience. And you see it throughout history. When ever the United States of America has been under attack. When aber America is being shoved up against the corner wall in the room, America has emerged bigger and stronger and better than it has before. Now, this is not a new thing. At all. Alexis de Tocqueville, the famous French nobleman who came out here in the 18th century, famously observed in his sociological masterpiece, democracy in America that the true genius of Americans laying their ability to repair their faults. And this was a sentiment that was echoed by Winston Churchill, who I suspect will speak about a lot later in this podcast. But Churchill famously said that America, I think, after exhausting every other option, and there is really a boomerang spirit to the American people. The culture is such that it’s a malleable place. It’s a flexible place. Americans have shown themselves to be very adaptive and very adaptable to things that happen in life and in the world. And that’s why I think America really has got the recipe to overcome just about any problem.
Jason Hartman 22:49
So Churchill, that was a long time ago, World War Two. America definitely has a different set of people in it now and pretty different. set of values. Is that all still true?
Nick Adams 23:02
Well, I think so Jason, because it’s really the more of a model when from the model emanates the culture and emanates the thinking and Ammonites, the value system. And if you go and have a look at the United States of America, I was the US Constitution, the Declaration of Independence, the Federalist Papers, our founding fathers and and the values that they projected on to America. I think that that’s what’s enabled the flexibility and the malleability and the greatness and the ambition and risk taking and all of the things that we associate, being American, I think comes from that. So while there might be a different set of people now living in the United States of America, the thinking, the value, the approach, all of that kind of stuff, I think all of it still holds very much true.
Jason Hartman 23:57
Well, I hope you’re right. I get pretty discouraged. Sometimes when I think about maybe the last two generations and the way history has been revised and what they believe, versus what is actually true,
Nick Adams 24:12
it’s just a different set of beliefs. I mean, you look at the way socialism is kind of taken hold, and it worries me. Look, you’ve got absolutely every right to be worried. Jason. I mean, it’s fair to say that the United States of America is not living up to its potential. And the young people in the United States of America don’t know what it means to be an American anymore. And they don’t have an appreciation of the founding documents that I was discussing a few moments ago. And that’s a real concern, because the only way that the American model can survive is if people know what is required for the model and they have the confidence to defend it and advocate for So it is definitely something to be concerned about to be aware about and to be vigilant about. But ultimately, optimism is a very American thing. And I think that we’ve got a lot of reason to be optimistic as Americans, we’re still the greatest country in the world with all of our problems and all of our challenges and all of the threats that faces there is no other place where I would rather be. I always say that if you’re born in the United States of America, or the day that you move to the United States of America, is the day that you win the lottery of life. And you get this incredible head start on anyone and everyone everywhere else. And I really feel that and that’s why America remains the number one destination for all types of immigrants, legal and illegal, no question about it. So I love studying history and I about a year ago, I finished that series World War Two in color, which was quite interesting to me and, and by the way, you know, seeing these historical films colorized it really does bring it to life. I hate to seem like color is that big a deal, but it really is, at least for me. I’ve been watching lately, something called America in color another series. And of course, they’ve got their revisionist aspects, but just the fact that it’s in color makes it so much more real, at least to me. And Churchill is is such an interesting character. He seemed to have so much amazing faith and strength, fortitude, and without him I I really think World War Two may well have turned out differently. But what are your thoughts? I agree with you, Jason. I think I’d probably be speaking Japanese and he might be speaking German. Well, there is a show about that.
Jason Hartman 26:53
Man in the high castle, right.
Nick Adams 26:57
Yeah. So you know, look, it would have been very Different had Churchill not been around. Churchill was a disrupter. He was a catalyst for change. He was one of those people that decided to upend what was the norm and convention. Of course, Churchill was half American point. It’s often overlooked. His mother was American. And I like to say that I think one of the reasons why Americans who typically don’t really have a strong interest in what happens elsewhere in the world, they tend to be more America focused. I think that’s one of the reasons why Winston Churchill is an exception. And many Americans, particularly older Americans, have a real affinity for Churchill and he resonates with them. And I think that’s because he was very American. I mean, he was a guy that was opinionated and not timid at all. Very powerful, very bold, the embrace risk was very ambitious. I mean, he was he really acted out he is lost like an American. Hmm, interesting. Interesting. So, do you think Trump and Churchill, ours are similar in some ways? Well, that’s why I wrote the book Trump and Churchill defenders of Western civilization. I wrote the book, Jason because I consider both men to actually be remarkably similar. And in my research for the book, I discovered that they were incredible parallels between the times and the men. Both men of course unique, historic, consequential. Trump’s fight is on the inside. Churchill’s fight was on the outside. Churchill was conquering the Axis powers and Trump conquering the swamp. But you know, on first blush when you look at it, you really wouldn’t see that the comparison. I mean, Churchill was five foot six and love to have a drink Trump’s six foot three teetotaller. Churchill famously nap in his pajamas every opportunity got Donald Trump by all accounts barely sleep right? Was this soaring compelling orator the other not so much? Once again, a Korea by imposing tariffs, the other blind boy sorry by opposing tariffs, number one, you know by introducing them. So, on that level very different man. But as soon as you drill down a little bit, what you find Jason is that both of them remarkably similar, both intensely disliked, even hated. Both love big country, both alpha males, both clear thinkers and planned speakers. Both had an acrimonious relationship with the media, both in Jude battles with the political establishment seeking their destruction, both followed, leaders that were widely regarded as very wieck of course, Churchill had Neville Chamberlain and Donald Trump had Barack Obama. So and in fact, in my book, Trump and Churchill, we go and reproduce excerpts from British national newspapers from the late 1930s, early 1940s. And if I didn’t tell you, Jason that those excerpts were from British national newspapers at that time, about Winston Churchill, you might think that I was quoting from the New York Times or The Washington Post, about Donald Trump so identical, the criticisms so identical are the accusations that they’re overconfident that they’re too optimistic. They don’t listen to anybody around them. All of that kind of stuff that that we see spoken about Donald Trump, Winston Churchill had to endure that sort of this really interesting, you know, I didn’t know that much about Churchill. And yeah, I mean, it seems to me looking at his Like he was this popular leader that really united people, and Well, I mean, at least on his side, of course, and sort of imparted his strength to a country that was unsure and wary. But you’re saying he had all those same criticisms and was widely hated? Well, you know, half of the country, I guess I should say, like Trump, right? I mean, half the country loves. Yeah. So I guess, you know, that’s polarization for you. Right? It will certainly the people in positions of power and influence, like the elites, whether they were in the government, whether they were in the political parties or in the media, those people had a real venom to Winston Churchill. They didn’t lie him. They didn’t think he looked like a prime minister. They didn’t take him seriously. He was too arrogant for them. And then he was he was their worst nightmare and in many ways, similar to how Donald Trump is perceived by bureaucrats and the former presidents and many people in Congress and even many people in these own party like Mitt Romney, so the comparison the parallels are really incredible when you when you when you get down, that’s what blew me away as I was writing Trump and Churchill, defenders of Western civilization.
Jason Hartman 32:18
Very interesting, very interesting. What else would you like people to know? You know, either about the boomerang or the comparison of Trump and Churchill.
Nick Adams 32:28
Well, Jason, I look, history repeats itself, and you have to really be aware of that and and now, how to say things and Donald Trump came on the scene politically at a time when a lot of everyday Americans were hurting. their confidence had taken a hit. They had not being made to feel comfortable to celebrate their patriotism or have their patriotism, the focal part of their life and the culture. And Donald Trump comes along and gives that to them. And in many ways, Winston Churchill gave that same kind of confidence and assurance. Now we see now, New York Mayor Bill deblasio came out and, and blasted President Trump for being or for peddling false optimism. And it’s funny because Churchill was accused of exactly the same thing. Because he would get on a radio address, and he would remind people of sunny days past and he would promise them sunny days in the future. And for the world that was going through its darkest hours, many people thought that that was irresponsible. But that was wrong. That was him underplaying what was going on and in the same way, CNN wolf blitzer accused the president that believes the enormity of the crisis in relation to COVID-19. You can’t win. That’s the
Jason Hartman 34:05
bottom line here. You know, no matter what Trump does, the media will hate him. It’s just ridiculous. Really?
Nick Adams 34:13
That’s exactly right. Yeah. Unbelievable.
Jason Hartman 34:16
Well, where do we go from here and wrap it up for us? give out your website.
Nick Adams 34:19
A Look, where do we go to from here, always believe in America. never bet against America. understand who we are, where we come from what we do. And every one of us there’s a little bit of our founding fathers still be optimistic. It’s not American to be sit around with slumped shoulders. This is the greatest country in the world, despite all the problems that we have. We’re very lucky to have a president of the of the middle and and the strength and fortitude and leadership of Donald Trump. And we can win this we can bounce back we can do everything. If you’d like to know more about me go to Nick at usa.com that’s usa.com. If you’d like to order Trump and Churchill, go to amazon.com amazon.com. And you’d be good to go.
Jason Hartman 35:10
Yeah, good stuff. Nick, one last question for you. How do you think history will look at Trump compared to the way he’s viewed today? either positive or negative? Whatever?
Nick Adams 35:22
No. Yeah, I think it’ll be very different to what it is today. I think Donald Trump will very much be a van Gogh president, that is to say one, probably not appreciated in his lifetime. It will be with the passage of time that Donald Trump will be seen more objectively, and potentially, as I make out in the case for in my book, Trump and Churchill, defenders of Western civilization, potentially be one of the greatest figures of the 21st century. We’ve got a long way to go in that century, but it’s very possible that he will become the Winston Churchill the 21st century from a historical perspective.
Jason Hartman 35:59
Nick, thank you for Joining us,
Nick Adams 36:01
it’s been a pleasure.
Jason Hartman 36:07
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