In this episode, Jason Hartman is the interviewee as he talks to Kerry Lutz from the Financial Survival Network. They discuss the Panama Papers show, which says that the people in Wall Street and the government set up offshore trusts and corporations to hide money. They also talk about aligning your interest with the government and the underlying corruption of our monetary system via the US Government and the Federal Reserve.
Announcer 0:00
This show is produced by the Hartman media company. For more information and links to all our great podcasts, visit Hartman media.com.
Announcer 0:12
Welcome to the creating wealth show with Jason Hartman. You’re about to learn a new slant on investing some exciting techniques and fresh new approaches to the world’s most historically proven asset class that will enable you to create more wealth and freedom than you ever thought possible. Jason is a genuine self made multi millionaire who’s actually been there and done it. He’s a successful investor, lender, developer and entrepreneur who’s owned properties in 11 states had hundreds of tenants and been involved in thousands of real estate transactions. This program will help you follow in Jason’s footsteps on the road to your financial independence day. You really can do it on now. here’s your host, Jason Hartman with the complete solution for Real estate investors.
Jason Hartman 1:03
Welcome listeners from 164 countries worldwide. This is your host, Jason Hartman. Thank you so much for joining me today. Also, thank you so much for rating, reviewing and subscribing to the show. You don’t want to miss any episodes. We’ve got some great stuff coming up. And of course to access all those great past episodes, it’s so much easier to do that if you are a subscriber. This is episode number 661 661. And today I am talking to you You may hear a little background noise here because I am actually being chauffeured Do you like to be chauffeured around Are you one of those control freaks that likes to drive? Well, I think we’re all a little bit of both. But yes, I am being chauffeured around so I’m just relaxing here. No hands, no feed, looking around, taking in a very casual nice ride. On the way from Scottsdale, Arizona, to San Diego in the Socialist Republic of California. Yes, I’m on my way to a conference in San Diego. And Tessa is my driver. She is driving me and she’s also driving Coco the dog who’s back here. It’s really nice to have Tessa here driving. And the great thing about Tessa as a chauffeur when these roads are allowed, aren’t they? They’re not very good roads. The great thing about Tessa, is she, she doesn’t require any pay. She does not demand $15 an hour minimum wage. She doesn’t even require a tip. She doesn’t make me talk to her about things I don’t want to talk about. She doesn’t take up any space. She’s pretty great. Yes, you might have guessed it. Tessa is the name of my Tesla. Yes, the self driving car, the autopilot car. It’s amazing. I know I’ve talked about this too much and you’re getting sick of it, but since I’m doing it right now I’ve been on the road here for Oh, I don’t know, maybe three hours. And it is just such a pleasure. I mean, the I’d say the greatest problem maybe with the the self driving feature in this car is that you get a little bored and you can’t legally be doing other things while you’re I’m saying this in sort of air quotes while you’re driving. I guess I’m really not driving. I wonder can we drink? Is there a bar in this car? Hey, Coco, make us a martini. Well, yeah. Now, you can’t do that because the law is always the slowest to catch up. But I’ve got to say they must have updated the software because the car has had a couple of software updates since I’ve owned it. Getting it last December, in the self driving feature really does seem to be better. Now I’ve had to take over the wheel a couple of times. I’ve had to rescue the car. And I had to do it twice on this trip. But it was for the Same exact thing during road construction when a lane merges and they cut one lane out of the road. Basically what has happened is the car did not recognize those pylons, those temporary pylons on the side and it would have run into them hat and not merged had I not taken the wheel. So two mistakes so far, but so far, I mean, it is amazing. It takes turns, it does stop SCOs it does all kinds of things.
And why am I telling you this because this is a game changer. This 3d printing, nanotechnology, materials science, all this different innovation and transportation is changing the world massively. It is changing the game of real estate. Real estate in urban areas that tend to be more expensive, I believe will get a lot less expensive or actually let me correct myself there. I I don’t actually Think that I don’t think they’ll necessarily get a lot less expensive. I just think that pressure to see increased prices in relationship to inflation and supply and demand and other economic factors and market factors will not play as significantly. That’s the more correct way to say that. So I hope you know what I mean by that, right. I think there will be upward pressure on prices in suburban, more out of reach areas and less and there will ultimately be downward pressure. Even though there are other market forces at play that I’m not addressing here. There will be downward pressure on high priced real estate, on urban real estate on coastal real estate, etc. Because the commute is becoming really easy. And with Tesla, releasing the model three, by the way, I put $1,000 deposit down on one of those, just thinking I couldn’t get Karma traj what is arbitrage? Well, you know what arbitrage is because I’ve talked about it on the show many times. arbitrage is what we do with our income property investments. We arbitrage commodities prices, we arbitrage supply and demand curves, we arbitrage interest rates, and monetary and fiscal policy with inflation. arbitrage simply means exploiting the differences in things, exploiting the differences in things. That’s my simplistic definition for arbitrage. Now we’re going to see the car change lanes without me Wow, amazing. Thank you, Tessa, change lanes and speed up to 75 miles an hour. And wow. It’s an amazing time to be alive people. I wish there was a video for you to see what the car just did without me. All I did is turn the signal on and it did the rest.
So we explained the differences in things and I like to make these simple definitions for things like derivative derivatives, they’ve talked about that and the derivative bubble and all of this stuff, and I call derivatives. Here’s my simplistic non academic definition. A derivative is simply the thing about the thing. And sometimes with all this innovation going on in Wall Street, was those roads, folks. They’re terrible. It’s amazing how much better the roads are in Arizona than in California, by the way, I just want to point that out. But yeah, so the thing about the thing, and with Wall Street and all their financial innovation, which is really a scary term, frankly, it gets removed over and over and over again. So derivative is not just the thing about the thing. It’s the thing about the thing about the thing about the thing about the thing 10 times removed, right? And so that’s hugely problematic, but the autonomous car, remember the whole deal about it is Changing the game of real estate, because the rules have always been location, location, location. And I say that location and geography are less significant than they’ve ever been in human history. still significant, but less so than ever. All right, a couple announcements in terms of what’s going on. And then let’s get to our interview today. Which by the way, our guest today is Jason Hartman. Yeah, that guy I know. He gets sick of him once in a while, and I completely understand that.
So do I, at least you don’t have to listen to him talk to himself, right. Okay, so yes, this will be an interview that I did on the financial survival network. And occasionally I like to play an interview where someone interviews me on a podcast or radio show or television show. I’ve done over 500 interviews on other shows, not interviews, were a been my own shows. We’ve got about 3000 episodes with all of them. Different podcasts out there. But I’ve been a guest about 500 times on other people’s shows. And sometimes I just like to share one of those with you because I think we kind of nailed some interesting points that I think you’ll really enjoy. So we’ll get to that in a moment. But Jekyll Island is coming up.
We’ve got a few guests that have decided to come. So I’m looking forward to meeting some of you new people if you want to take your real estate investing and your entrepreneurship to the next level. The venture Alliance mastermind maybe for you, the tagline is your financial friends. Our next trip of course is to the famed historical Jekyll Island, Georgia, and it is a beautiful island off the coast of Georgia. You fly probably the easiest is to fly into Jacksonville and we are doing a little VIP, jacksonville florida property tour on Friday before before the tour that’s the sixth of May. And then we will have our Jekyll Island mastermind meeting at the same hotel. In literally the same conference room where the Federal Reserve was formed. Yes, it should be quite interesting. So join us for that go to venture Alliance mastermind.com. You can see a cool video there that talks about venture Alliance mastermind.com. Learn more there. And our next property tour is coming up in June. And that’ll be a full fledged property tour and creating wealth seminar creating wealth bootcamp. And that will be in the Ohio markets. Why do I say Ohio rather than a city? Well, because it’s not exactly a city. It’s sort of a region. So you can find out more about that at Jason hartman.com in the events section, and I think you’ll really enjoy that as well. So check those out and also check out the great properties we have at Jason hartman.com In the Properties section, I think you’ll really enjoy them along with the software that can help you be a better investor. All of the property tracker and property evaluator software, some great tools for real estate investors, and that’s in the resource section of Jason hartman.com.
Alright, so without further ado, I’m getting off the freeway here to plug into the supercharger. By the way, these it’s interesting that I haven’t been to a gas station in about four months since I’ve owned this car. You know, the car is good and bad. It’s not all good. By the way. It’s a bit of a hassle that you have to sort of sit and wait at the supercharger but it is free. I guess that’s a minor perk considering that the car is pretty expensive. The supercharger I calculated the wattage of these things. The last one I stopped at was running at about 40 get this 42,000 watts. So that’s about 30 blow dryers. Do you want to think of it that way? Or 30, microwave ovens, charging the car, it’s, it’s pretty different. So anyway, I’m not that much of a car freak. I am a freak about the autonomous vehicle, the self driving car, because it’s going to change the game of real estate. And folks, you have better be ready for it. We are thinking about it long in advance. We are probably about four solid years away before we see some, some significant adoption of the self driving car, but it is coming a lot faster than most people think. Be ready for it. It’s going to change the real estate game. I’m not saying it’s gonna change everything. But it will change some things and you better be thinking about it in terms of your investments.
One other aspect just before we get to our interview today, I want to tell you about there are estimates that about 40% of the land in urban areas. I mean, think about how significant this is how significant This is to real estate, about 40% of the land is used for some type of parking. If the autonomous vehicle makes the car really less about ownership and more about usage, of course, Uber has placed a big giant order for self driving cars. It’s going to put a lot of drivers out of business that’s very disruptive. If we gain 40% more real estate in urban areas, what do you think that’s going to do to the prices of real estate in these high priced urban areas? It’s going to put downward pressure on them. Think about the auto insurance industry. If we get to a time where there are no accidents, or almost no accidents. That is a 200 billion with a be a $200 billion industry. People don’t need any auto insurance. How much will that change the game? For the insurance business? There are huge things at play. I’ve talked a lot on prior shows about 3d printing. Huge, huge impact. Many of you have sent me emails and saying what do you think about the 3d printed house? Well, not too much. To tell you the truth. I don’t think that’s as disruptive as you might think, although it’s a little bit disruptive. Because remember, that house is still built from materials. And so far, there aren’t any big advances in the bricks and sticks, materials that create big pieces of construction.
Okay, those are those are pretty primitive still, even to this day. I mean, some properties or I should say houses, structures, buildings, whatever. buildings, I guess is the right word are pretty much wait made the way they’ve been made for, what 1500 2000 years. I mean, that hasn’t changed too much. Now, there’s a lot of disruption in material sciences. With more, I’ll call them space age materials or more advanced materials, like graphene, we’ve talked about graphene before. Amazing. I don’t know if we’ll see much of this come into play in construction. We’ll see some of it. But again, that’s not as disruptive, at least not yet, as some of this other stuff. So it’s a lot to think about. It’s an amazing time to be alive. Lest I go off on another tangent here. Let’s get to our interview. I think you’ll enjoy this one. So let’s listen.
Kerry Lutz 15:35
Welcome, you are listening to the financial survival network. I’m Kerry Lutz, the date is April 11 2016. Well, you’ve probably heard by now about the Panama Papers from this Fonseca firm in Panama. terabytes of data, how you even go through it, I don’t know. Are they spoon feeding you the results of so called investigative journalism, a field at all, but has all but died as far as the mainstream media is concerned and protecting the guilty. I’m not sure. But perhaps Jason Hartman does, you know, well, Jason hartman.com great podcasts that you’ll see on the financial survival network, and interesting insight onto things. Jason, welcome back.
Jason Hartman 16:23
Carrie, thanks for having me back. Yeah, the Panama Papers. This is this is just it. I mean, it is a disgusting world, in so many ways with the in the halls of power. As much as I like to say it’s an amazing time to be alive. All of this great stuff coming from the private sector, all of this technology that is going to just massively improve our lives. Yet you have the people in government, the people on Wall Street, they’ve always got their hands in the cookie jar, don’t they?
Kerry Lutz 16:53
Yeah, well, hey, if you’re worth millions of dollars, you can afford to go to Panama or any other tax. event. And you too could set up offshore trusts offshore offshore corporations, accounts, whatever, and help minimize your tax burden as well.
Jason Hartman 17:10
The problem is it’s one discussion about people not paying their fair share of taxes, which I would argue that taxes aren’t even necessary. When you control the Federal Reserve or whatever central bank is applicable to your country, because you can just tax people through inflation. Why do we have both? We have a double, double dip tax system. One is through official tax, which is arguably not even legal. But that’s a whole nother discussion that the libertarians would love to have with you, of which I am one. And then you have this hidden tax through the debasement of your savings. And that has lessened in recent years, but it’s still pretty significant, certainly more than the government would like us to believe. So that’s one side of the discussion is paying one’s fair share. But then the other side is when when you’re When you’re running a government, when you when you are just literally stealing money from that government and hiding it offshore, these people have no citizenship. They have no country, they have no flag, they have no loyalty, just like the corporations with it with, you know, a couple trillion dollars offshore. I mean, part of that is the government’s fault. Frankly, it’s not just the evil corporations, right. It’s a very dynamic, complex equation. If the government would lessen the tax burden, I say it would bring a lot of that money back onshore, and it would be better for the country would create more jobs that would stimulate the economy. And it would create, it would create additional government revenue. But the Panama Papers just getting back on on on topic here a little bit. The Panama Papers really show us carry that there is this huge risk and what I call intermediary party risk, and this is so applicable to Wall Street. It’s so applicable to investing in a fund you pooled money asset in any type of thing where you relinquish control of your money, whether it be homeowners association dues, investment money in a mutual fund a stock a bond, buying into an LLC that someone’s created, paying taxes to a government, all of this is what I call intermediary party risk. Okay? And commandment number three says that you should be a direct investor, thou shalt maintain control. So so you don’t leave yourself susceptible to the three major problems when you don’t maintain control. Number one, you might be investing with a crook number two, you might be investing with an idiot. And number three, assuming they’re honest and competent. They take a huge management fee off the top for just managing the deal. And that’s largely what the Panama Papers scandal was about.
Kerry Lutz 19:52
Yeah, well, hey, don’t forget number four. You might be investing with a crooked idiot.
Kerry Lutz 19:58
disastrous,
Jason Hartman 19:59
that’s all I bring He is a crook and an idiot.
Kerry Lutz 20:02
Well, but problem is, regardless if you’re in control or not, you’re going to have to trust somebody, at some point in all likelihood. So who can you trust and the Panama Papers just further reinforce that we’re living in a kleptocracy. And no one is really looking out for you. The government’s not the IRS isn’t the SEC is not the Commodity Futures Trading Bureau, the Consumer Financial Protection Bureau pretends to but a lot of what they’ve done, have has wound up costing consumers more than they were saved. And all these problems. There’s not easy solutions for but there are solutions.
Jason Hartman 20:52
Well, the solution is to reduce regulation. I know that’s counterintuitive. I completely get it. But if you reduce regulation We will see this kleptocracy diminish, because the government will get smaller, the corruption will get smaller, the corporations will get smaller because the regulation lets them hang on to their monopolies. Do you think what why is it that we see in the technology industry, we see all of these vibrant startups, we see this innovation. We see the sharing economy created on Lyft, Uber, Airbnb, and company and TaskRabbit and all these great companies that do this type of stuff, all these ways for people to gain employment as freelancers. It’s a beautiful, beautiful thing. Why do you think we see all this innovation there, but we don’t see it in the Wall Street sector in the banking sector. Nobody. There’s no startup out there, Carrie, that is threatening to compete with Goldman Sachs. It’s because goldman sachs and all of the other Wall Street cartels. They have regulation to protect them. It’s like building a moat around there. You can’t say it’s a monopoly because granted, there are three competitors and they’re all chummy competitors, even if they may act like they’re not chummy. They’re all playing golf together, of course, right? All the all the seat class people that all these companies, and they they have built a moat of regulation around their industry. So no new entrants can come in. There’s no startup that is a startup investment bank. Okay. Why is that? Why is there no technology solution to the wall street problem or the government problem because of regulation? The massive amount of regulation is a way to build a fence a moat around your business and protect it, because the cost of compliance is too high. It’s too difficult for a startup a new entrant to come in and compete with you.
Kerry Lutz 22:59
Yeah. Well, look, they were even going to try to kill crowdsource funding. And finally enough opposition from the public came forward that the SEC was forced to write rules to somewhat regulated, but not in terms of regulating it out of existence. But, Jason when you look like Uber example, entrenched interests around the world, fighting Uber and its Junior ally, competitor Lyft. They’re fighting it all over the world. There’s nothing more entrenched, Jason than a taxi monopoly with medallions Oh, yeah,
Jason Hartman 23:41
yeah. And those medallions, artificially inflated an artificial barrier to entry. I was just talking with someone else about that before these ride sharing companies came along those medallions would go for a couple hundred thousand dollars each in some city. Can you imagine the economics of having to pay a million dollars or even a few hundred thousand dollars to stick a piece of metal on a car to give you a license to drive people around. That is the most absurd concept ever. It’s an artificial wall and artificial barrier artificial monopoly. And Carrie, that’s what I love about income property is that you don’t certainly have regulatory problems. You have Fannie Mae, you have all of these issues, right. But largely, you can control your financial future with income property. It’s the most historically proven asset class in the world, because people can buy a house or buy an apartment complex and rent it to other people. And comparatively speaking, there aren’t barriers to entry that are very significant. There are a lot of intermediary parties that can rip you off or fritter your money away through stupidity. It’s a great asset class, and you know, we’re also going to talk today about a little bit about the Federal Reserve and Jekyll Island and the the serious risk to retirement accounts. When you have a broke government and a whole bunch of pension money sitting out there and these qualified plans, the government is probably their mouth is watering like Pavlov’s dog saying, How can we get it that money? How can we get it that money so we can pay for our spending programs for our deficits for our debt. That’s amazing. And you had something to say on that. So let’s let’s say you want to take Jekyll Island or retirement accounts or both.
Kerry Lutz 25:36
So they kind of go hand in hand. All of this is compliments to the Federal Reserve. And I’ve passed by on 95 any number of times, going through Georgia, I guess it is past the signs to go to Jekyll Island and never had the time or the opportunity to do it. And now Now, I’m finally going to get the opportunity to do it. And I can’t wait. It’s so historic. And it’s so engrained I guess, for lack of a better term into the psyche of America. Now,
Jason Hartman 26:17
we better just be in there’s probably like three of your listeners who don’t know why we’re even talking about this. So let’s let’s for those three people, because most of your listeners totally know what we’re getting at, right? G. Edward Griffin wrote a very famous book that everybody should read called the creature from Jekyll Island. And Jekyll Island is of course where 100,000,103 years ago, I guess, the Federal Reserve was formed, where these bankers met right around Christmas time, nobody was paying attention. And they they created the central banking cartel. I mean, we had other central banks before the Federal Reserve, but the Fed is then larger, far and away the most powerful and most, I’ll say in a sarcastic way. successful because it hasn’t been successful for us, it’s been successful for them. Way to basically control the people. Because if you control the money, you control the people, you control the population.
Kerry Lutz 27:13
Exactly. And so, so that’s why it’s really historic and highway. It should be mandatory attendance for every school child in grade school up to high school and college. But of course, most of you out there are many of you who are not listeners to my show, or Jason’s don’t know anything about it. So, look, it’s this is a big deal. And I can’t wait for the trip. It’s gonna be good. You got to learn what’s going on here, how we got where we are to know how to fix it. And where we are right now Jason is renewed talk of IRA confiscation. As part of the bail in, that will occur the next time that the banks go kaput, which probably is closer than any of us would like to think.
Jason Hartman 28:09
Yeah, and don’t count on your FDIC insurance because the FDIC compared to the amount of the deposits as a whole is massively underfunded. This whole system is built on smoke and mirrors it is a house of cards. And the only reason though I must say I’m not a gold bug as you know carry I mean, you know, look, I own some gold, some silver right so okay, but I, the reason is, is because these entities are so powerful, that control this that even if there is a banking collapse, which is certainly possible, they’ll just find another way to kick the can down the road and who knows how long they can keep this whole whole scheme swag scam going, but I believe see many of the people out there who believe that there’s a problem there, right? I think their premise is absolutely right, there is definitely a problem. They have a different concept of the solution than I do. I mean, I have a little bit of insurance in the form of precious metals, but not a lot because I align my interest with these powerful entities. I don’t I just don’t think that I can fight them. I think the way to invest and to ensure oneself is to align your interest with them. And their interest ultimately, is is in the inflation. They want to inflate the value of the currency away because it’s very palatable, it inflates the debt away, it can allow them to underpay for entitlement programs and welfare and mandates. It’s a great business plan for governments and central bankers to inflate the value of the currency away. In fact, I would argue that But that’s exactly what they were designed to do. Like it’s by design. It’s their it’s their. It’s their unstated mission. So we’ve got to align our interests with these entities. But I’ll tell you folks, get your if you have IRA money, you need to find a way to make that money self directed, because governments always look, obviously just like people who, for the low hanging fruit, the low hanging fruit, the easy thing to get to. So if there is an asset grab if there are capital controls. I mean, we already have this to some extent, of course, but say it gets worse. It’s so easy to just make a law and by Fiat, say that all brokerage accounts that are qualified plans that are IRAs, 401, K’s whatever, right? Any of these qualified plans, any of that money in a brokerage account, just sign the rights of it over to the government. And of course, this would be engineered by saying Well, there’s a crisis. People need help people we need to regulate this more. That’s what they’ll say we need to protect the people when they always say that but the reality is it’s more diabolical. It’s contrary to that, that that’s what’s really happening. It’s it’s not for our protection, it’s for their protection. rush limbaugh said something that I thought was really key man. I haven’t listened to rush limbaugh in years I heard this years ago. Love him or hate him. He’s not dumb, okay. He’s a smart guy. And he said this, he said, government always looks out for itself first. Government always looks out for number one. Government always looks out for itself right? And they want to just perpetuate their power. Every single person in government has a great deal. They have a cushy job, and they have a they have a fat pension and they have power. They have prestige Why wouldn’t they want to perpetuate that?
Kerry Lutz 32:02
Well, I was having this conversation with Doug Casey earlier, earlier today. And the first order of business of any organism, whether it is natural occurring in nature or manmade is survival. Okay? Whether you’re running a company, whether you’re have a family, or any governmental entity, the first thing is you got to survive. And then you can do all these wonderful things, whatever you might think they’re going to be. And that is, the problem here is that government, first and foremost, looks to survive and thrive at your expense. And then they get around to their other core functions. If you’re lucky. She probably won’t be.
Jason Hartman 32:55
So those are just a sideline, their survival is number one. Yeah. That’s that’s great way. I’ve had Doug on my show a couple of times and, and you know, he’s great. Yeah, it’s very good point, Carrie. Very good point. So, on the Jekyll Island thing if you want to go Why don’t you join us in Jekyll Island Carrie your listeners are so interesting and intelligent and and farsighted, they’re not myopic like so many of these people in Wall Street world just don’t know anything. Yeah. So join us on Jekyll Island it’s the first weekend of May it’s actually Mother’s Day weekend. So bring your mom My mom is coming, and it’ll be a great time. This is part of my mastermind group. This is a high level group of investors and business people. You can come as a guest as a one time guest and just check that out. Go to venture Alliance mastermind.com that’s venture Alliance mastermind calm and of course you can also find info at my main website Jason hartman.com. Just my name Jason Hartman calm and
Kerry Lutz 33:57
before we go, let us not forget that the Another speeding ticket given out in on to Wall Street today, Goldman Sachs agreed to pay 5.1 billion in mortgage settlement for alleged wrongdoing, selling mortgages that they knew were worthless. And it’s amazing because JPMorgan Chase paid out 13.3 billion Bank of America paid out 16.6 and 3.2 billion was paid up by Morgan Stanley. But, you know, a lot of what Bank of America did was the settlements had to do with with countrywide, and they didn’t even want them. They were forced to take them by the US government. And then they were fine for all the wrongdoing that they done. Not that VOA was, you know, with Bank of America not that they were without fault, but the bulk of the abuses. We’re we’re countrywide a lot of them
Jason Hartman 35:02
Oh yeah. And can you believe me? What’s an Anthony Mozilla he didn’t go to jail he paid some poultry fine compared to his net worth. What do you want to bet carry all the listeners seriously what do you want to bet that these government fines and I say the fines and in you know sarcastically What do you want to bet that those fines are literally a part of their business plan? course they have they are I mean, they’re a part of their business plan. They break the law intentionally pay a fine as really a public relations costs, huh? Oh, we got slap Yeah, we won’t do it again. This is such an epic scam that is going on in our world that investors have just got to align their interests with the most powerful entities the human race has ever known. Governments and central banks as Especially the United States government, and the US Federal Reserve, okay, I hate to say it, but folks, align your interests with these entities, they’re too powerful, complain all you want, if you can’t beat them, join them. And what I mean by that is by commodity commodities, like income property, because income property is just made of commodities. It’s copper wire, lumber, concrete, glass, steel, energy, petroleum products, blah, blah, blah, and buy those financed with ultra cheap government subsidized three decade long fix great debt. And literally, over time, let inflation pay the debt for you and outsource the debt to your tenants at the same time. It’s part of what I call the ultimate investing equation.
Kerry Lutz 36:51
And that’s why we’ve been a partner of ours since we almost since when we started Jason, and here’s the money quote from the Times article. I just wanted to share With you, when an outside analyst wrote a positive report about countrywide in April 2006, the head of due diligence at Goldman wrote in an email if they only knew
Jason Hartman 37:14
unbelievable.
Kerry Lutz 37:17
They only knew and that’s why you need to do something now because you don’t want to be in the position five years down the road when all this crap is blown up again, to say if only I knew because you do know. And now’s the time to do something about it. Jason, we will see you on islands can’t wait.
Jason Hartman 37:37
All right. I look forward to seeing you on Jekyll Island where the creature from Jekyll Island came. Gary, it’s gonna be a great time. your listeners should check out venture lions mastermind and Jason hartman.com. For my podcast as well. Thanks so much, Gary. Happy investing to you and your listeners.
Announcer 37:54
I’ve never really thought of Jason as subversive, but I just found out that’s what Wall Street does. considers him to be.
Announcer 38:01
Really now. How is that possible at all?
Announcer 38:04
Simple. Wall Street believes that real estate investors are dangerous to their schemes?
Announcer 38:09
Because the dirty truth about income property is that it actually works in real life. I know I mean, how many people do you know not including insiders who created wealth with stocks, bonds and mutual funds? those options are for people who only want to pretend they’re getting ahead.
Announcer 38:26
Stocks and other non direct traded assets are a losing game for most people. The typical scenario is you make a little you lose a little and spin your wheels for decades.
Announcer 38:37
That’s because the corporate crooks running the stock and bond investing game will always see to it that they win. This means unless you’re one of them, you will not win. And unluckily for wall street. Jason has a unique ability to make the everyday person understand investing the way it should be. He shows them a world where anything less than than a 26% annual rate return is disappointing. Yep. And that’s why Jason offers a one book set on creating wealth that comes with 20 digital download audios. He shows us how we can be excited about these scary times and exploit the incredible opportunities this present economy has afforded us.
Announcer 39:16
We can pick local markets, untouched by the economic downturn, exploit packaged commodities investing, and achieve exceptional returns safely and securely.
Announcer 39:27
I like how he teaches you how to protect the equity in your home before it disappears and how to outsource your debt obligations to the government.
Announcer 39:35
And this set of advanced strategies for wealth creation is being offered for only $197 to get your creating wealth encyclopedia book one complete with over 20 hours of audio go to Jason hartman.com forward slash store. If you want to be able to sit back and collect checks every month, just like a banker Jason’s creating wealth encyclopedia series For you.
This show is produced by the Hartman media company All rights reserved for distribution or publication rights and media interviews, please visit www dot Hartman media.com or email media at Hartman media.com. Nothing on this show should be considered specific personal or professional advice. Please consult an appropriate tax legal real estate or business professional for individualized advice. opinions of guests are their own and the host is acting on behalf of Platinum properties, investor network, Inc. exclusively.
