Latest / Financial Survival Network / Is America Ready for the Economic Storm Ahead? - Jason Hartman #6228

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Is America Ready for the Economic Storm Ahead? - Jason Hartman #6228 · Financial Survival Network

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  Speaker 1: There is a lot of prosperity that is going could
• 0:03
  Speaker 1: be created out of this AI revolution, and we ain't
• 0:06
  Speaker 1: seen nothing yet. I mean, if it's going to blow
• 0:10
  Speaker 1: our minds, and as prosperity is created, that's going to
• 0:14
  Speaker 1: mean more dollars, more money flowing into the economy.
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  Speaker 2: You are listening to Carrie Letz's Financial Survival Network, where
• 0:22
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• 0:26
  Speaker 2: to thrive in today's trying times. You need the Financial
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• 0:35
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• 0:38
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• 0:45
  Speaker 3: And welcome you are listening to and watching the Financial
• 0:49
  Speaker 3: Survival Network. I'm your host, Terry Leutz. Wow, we're already
• 0:53
  Speaker 3: at the end of January. Who can believe it? I mean,
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  Speaker 3: the election was just a couple of short months ago,
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  Speaker 3: and here we are, man in the thicke of things.
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  Speaker 3: What is happening with the economy? Real estate, crypto, gold silver.
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  Speaker 3: Jason Hartman is with us. Now you find a bit
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  Speaker 3: Jason Hartman dot com and Jason, it's great to have
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  Speaker 3: you back on. I see you're getting some sun here,
• 1:19
  Speaker 3: which is good in sunny South Florida. The cold weather
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  Speaker 3: is gone. But what you what are you seeing? And
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  Speaker 3: you look into your crystal ball for the for the
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  Speaker 3: months and the years ahead. Now that there's a new
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  Speaker 3: sheriff in town.
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  Speaker 1: Yeah, well, first of all, I'm glad there's a new
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  Speaker 1: sheriff in town because it seems like we are only
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  Speaker 1: ten days in, ten days in to the new administry,
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  Speaker 1: and amazing things are happening. I mean, it is so good.
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  Speaker 1: It is incredible. When you see an executive, an actual
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  Speaker 1: executive with leadership skills and business skill running things, it's
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  Speaker 1: just awesome. I am so impressed. And I know there
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  Speaker 1: are a few of you out there who probably go crazy,
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  Speaker 1: you know, you know, think, what do you want a
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  Speaker 1: free I mean last time he worked for free, okay,
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  Speaker 1: And he works very hard. He's got massive amounts of energy,
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  Speaker 1: and I think he's mostly got great ideas and he's
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  Speaker 1: doing great things. As far as the economy overall, Kerrie,
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  Speaker 1: And we'll talk about the real estate market too, because
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  Speaker 1: of course that's my main business, is helping real estate
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  Speaker 1: investors buy properties nationwide, as you know, And I think
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  Speaker 1: overall the economy, I think everything that's happening is very
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  Speaker 1: good news, but I caution everybody, it's not going to
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  Speaker 1: be without some short term pain. I mean, look, if
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  Speaker 1: you take millions of people out of the economy, they
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  Speaker 1: have jobs. Of course, they're low paying immigrant type jobs,
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  Speaker 1: the vast majority of them, and they rent cheap properties. Right,
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  Speaker 1: So if you're a landlord in one of those low
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  Speaker 1: end properties where your tenants are these people, you know
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  Speaker 1: you're going to have some people move out, right. That's
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  Speaker 1: going to increase your vacancies. If you're an employer, you're
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  Speaker 1: going to lose that person and ultimately their net cost
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  Speaker 1: to the economy. You know, the studies say that immigrants
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  Speaker 1: cost illegal immigrants cost not eight thousand dollars per year
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  Speaker 1: each in terms of government costs, but there are other
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  Speaker 1: costs beyond that. And so good long term, but not
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  Speaker 1: without some short term bumps in the road. So that's perfect.
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  Speaker 3: Who's going to pick the blueberries for your smoothie? Jason?
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  Speaker 1: Well, you know those jobs all got done in the fifties, okay,
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  Speaker 1: And it's when I go around the world. I've now
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  Speaker 1: been to ninety nine countries. I almost made it to
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  Speaker 1: one hundred. But when I tried to go to Vietnam
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  Speaker 1: just over a month ago. My visa. I had a
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  Speaker 1: problem with my visas.
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  Speaker 3: Oh yeah, these to go to the Vietnam. That is correct.
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  Speaker 1: I did not get to my one hundredth country yet,
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  Speaker 1: but I'll get there anyway. In all my travels and
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  Speaker 1: some of those countries I've been to many times, I've
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  Speaker 1: traveled extensively for long times, you know, throughout my life.
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  Speaker 1: And you know, the thing that has amazed me that
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  Speaker 1: I've noticed since nineteen ninety nine when I was in Australia,
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  Speaker 1: I remember noticing this. We had white Australian people cleaning
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  Speaker 1: the hotel rooms, okay, and doing all these menial jobs
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  Speaker 1: they say they won't do. They will do it if
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  Speaker 1: they get a fair wage. Okay. It's just simple supply
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  Speaker 1: and demand. This idea that only you know, brown immigrants
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  Speaker 1: will do these jobs is so racist and so ridiculous.
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  Speaker 1: It's just nonsensical. It makes no sense at all. It's
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  Speaker 1: completely criticist. It's like saying, okay, we've got to get
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  Speaker 1: a bunch of slaves to come in here and work
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  Speaker 1: for no money to do these menial jobs. All those
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  Speaker 1: jobs were done before. Yeah, of course, people ate blueberries
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  Speaker 1: in the fifties eight strawberries in the fifties, houses got built,
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  Speaker 1: stuff happened, It all worked before or just fine, okay,
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  Speaker 1: in a more functional economy. Rice is the last several
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  Speaker 1: decades is a very dysfunctional autonomy. Yeah, hey, if you can't,
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  Speaker 1: the vices will go up, but wages will go up too. Yeah.
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  Speaker 3: So you can't hire an illegal house cleaner, Dan, you
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  Speaker 3: hire a legal one, and you're going to pay double,
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  Speaker 3: that's all, so you won't have the person there as
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  Speaker 3: much whatever.
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  Speaker 1: But well you're your your own wages are going to
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  Speaker 1: go up. Yeah, because because those jobs are being taken
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  Speaker 1: now by immigrants, right, and so they will now be
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  Speaker 1: filled with citizens that are irrelated. You know, those wages
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  Speaker 1: will rise.
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  Speaker 3: You know, you're like not giving the former occupant of
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  Speaker 3: the White House enough credit here, Jason, because a A
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  Speaker 3: he ended the the Afghan War, which was a useless
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  Speaker 3: disaster for twenty years. Right, that was a major accomplishment.
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  Speaker 3: He's proud of that.
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  Speaker 1: But the ending of it was a complete disaster, as
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  Speaker 1: we both know.
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  Speaker 3: But you gotta you want to make an omelet, you
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  Speaker 3: got to break some eggs that right. Number two is
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  Speaker 3: he ended the labor shortage right, top achievements of his administration.
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  Speaker 3: And number three he solved the hotel crisis. Yeah, I
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  Speaker 3: know you are being sarcastic so well, but I think
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  Speaker 3: those are the major achievements of his reign of terror. Here,
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  Speaker 3: his reign of error.
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  Speaker 1: Right, reign of error and terror. That's a good will. Now,
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  Speaker 1: it was a complete disaster, unmitigated. The Biden crime family
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  Speaker 1: was awful, and.
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  Speaker 3: Then he knew he knew it was going to happen,
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  Speaker 3: because the guy was never bright. You know, he finished
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  Speaker 3: the damn near the bottom of his law school class.
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  Speaker 3: And it wasn't that great a law school. I think
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  Speaker 3: University of Delaware, Syracuse, Syracuse. I think it was Syracuse.
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  Speaker 3: And he was always a buffoon. He was a serial plagiarizer.
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  Speaker 3: And anyway, without getting into it all, yeah, I agree,
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  Speaker 3: he was a disaster where you like shocked by the
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  Speaker 3: number of executive orders and the rapidity of the Trump
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  Speaker 3: Trump regime.
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  Speaker 1: Oh, I think I think Trump is incredible. You know, listen,
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  Speaker 1: I didn't really like him that much before. Honestly. I mean,
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  Speaker 1: I've had a lot of Trump people on my shows
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  Speaker 1: over the years, and you know, I always said I
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  Speaker 1: thought he was kind of childish and immature. But I
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  Speaker 1: think he's grown up, guys, really, Zoe, and and you know,
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  Speaker 1: and and I think he is an executive and a leader,
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  Speaker 1: and he is. I mean, he is a hard, hard worker.
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  Speaker 1: No one can take that away from him. And you
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  Speaker 1: know the fact that he held three pet press conferences
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  Speaker 1: the day of his inauguration, the fact that he was
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  Speaker 1: in the Oval office signing executive orders, the fact that
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  Speaker 1: he was in that arena signing executive orders. I mean
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  Speaker 1: we all saw that, and the orders make sense. I mean,
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  Speaker 1: these are the right thing to do. The only danger
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  Speaker 1: I see now where he could really screw up in
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  Speaker 1: my opinion at the moment. I mean, there's certainly a
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  Speaker 1: lot of time left for him to make a lot
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  Speaker 1: of mistakes. But I worry that he will let these
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  Speaker 1: tech oligarchs get too close to him. You know, Zuckerberg
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  Speaker 1: is chumming up with her, even though you know, he
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  Speaker 1: just paid him twenty five million dollars to settle that
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  Speaker 1: case where he sued Facebook thankfully and got a twenty
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  Speaker 1: five million dollars settlement. Just yesterday I read about that
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  Speaker 1: that was in Trump's favor, and that was because they
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  Speaker 1: deplatformed him and you know, Facebook should pay that to
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  Speaker 1: everybody they censored in deep platform. I mean, so these
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  Speaker 1: tech oligarchs, I mean, Joe Biden was right about that
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  Speaker 1: when he was leaving office, kind of similar to what
• 8:43
  Speaker 1: was it that said that, Not Truman but someone who's
• 8:45
  Speaker 1: you know, talked about the danger of.
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  Speaker 3: The military that Washoward.
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  Speaker 1: Evan Howard, who've had that. Yeah, yeah, when he was
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  Speaker 1: leaving Archer speech right, right, and Biden said it about
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  Speaker 1: the tech oligarchs. And I agree with Biden, he's right
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  Speaker 1: about that. I mean, occasionally he says something the.
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  Speaker 3: Truths Jason, who financed, who financed Facebook, who financed the Amazonia.
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  Speaker 3: So really his warning is just the same warning as
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  Speaker 3: Eisenhower when you peel the onion, and that is beware
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  Speaker 3: of the military industrial commy right, and the deep state.
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  Speaker 1: It's just a state.
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  Speaker 3: So I came up with an idea though, to speed
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  Speaker 3: up the pace of the deportations. Okay, and let me
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  Speaker 3: know what you think. So you offer a bounty for
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  Speaker 3: every illegal one thousand bucks.
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  Speaker 1: That was in your newsletter. It's a great idea.
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  Speaker 3: Yeah, it leads to their departure. If they're violent criminals,
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  Speaker 3: ten thousand, it's still going to be cheaper than having
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  Speaker 3: the government track them down, and then you have a
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  Speaker 3: database with every single illegal on it, right, and then
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  Speaker 3: you know people will make their livings just being bounty hunters.
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  Speaker 1: Right. But no, now, I think that is on its
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  Speaker 1: face a great idea because the other thing you didn't
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  Speaker 1: mention it's going to be great about that too, is
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  Speaker 1: it would pump a lot of money into the economy. Yeah.
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  Speaker 1: I mean, think of all the people who you know,
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  Speaker 1: it's a small number that don't have a job, or
• 10:10
  Speaker 1: they're an uber driver or lyft driver or something, and
• 10:13
  Speaker 1: you know they could make a lot of extra money
• 10:15
  Speaker 1: that could change their life being one of these bounty hunters.
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  Speaker 1: The only thing that I don't like about it is this.
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  Speaker 1: You know, in all these dictatorships, we have had this idea,
• 10:28
  Speaker 1: you know, report snitch, Right.
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  Speaker 3: I know.
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  Speaker 1: That has a little bit of that flavor that does
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  Speaker 1: worry me. Okay, could get out of control, but hey,
• 10:36
  Speaker 1: it's worth a try, and if it gets out of control,
• 10:38
  Speaker 1: we just can't split. Now.
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  Speaker 3: Yeah, well, I mean it's a really sincere effort, but
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  Speaker 3: there's tens of millions of them here. I mean, I
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  Speaker 3: hate to reward bad behavior because the last time. We
• 10:51
  Speaker 3: did that during Reagan when he signed the amnesty for
• 10:55
  Speaker 3: roughly three million. That's what led to this because they
• 10:59
  Speaker 3: just say, well, well, we'll just do it till they
• 11:01
  Speaker 3: do the next anesty in the next and there hasn't
• 11:05
  Speaker 3: been another one. But one thing I would like to
• 11:08
  Speaker 3: see is a tax amnesty. It's never been held on
• 11:11
  Speaker 3: the federal level where basically, if you owe any taxes,
• 11:16
  Speaker 3: whether they figured it out or not, you could just
• 11:18
  Speaker 3: pay it without any penalties, without any interest. Everybody just
• 11:23
  Speaker 3: pays it and they pull in a trillion dollars there
• 11:27
  Speaker 3: with all the tax lines that are out there.
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  Speaker 1: Jason, Yeah, yeah, it's it's an interesting idea and I
• 11:35
  Speaker 1: think it's worth a try.
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  Speaker 3: Yeah. So when we're looking at it, what's your take
• 11:40
  Speaker 3: on the cryptos, the Donald coin, the Malania coin, bitcoins? Now,
• 11:45
  Speaker 3: I think today as we're speaking about one hundred and
• 11:48
  Speaker 3: seven thousand dollars.
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  Speaker 1: Oh, that's another record, Yeah.
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  Speaker 3: Close to It might not be quite there, but it's
• 11:55
  Speaker 3: almost there.
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  Speaker 1: I thought one of six was the record, but I'm
• 11:57
  Speaker 1: not keeping close track, so I may be wrong. But anyway,
• 12:01
  Speaker 1: you know, I think bitcoin is in a class by itself.
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  Speaker 1: It's a completely different idea. These other coins are junk,
• 12:06
  Speaker 1: they're fads, you know, they're not like real things. But
• 12:10
  Speaker 1: bitcoin does have a case. It has a real case,
• 12:13
  Speaker 1: and I think it's interesting. I think it's good that
• 12:16
  Speaker 1: the Trump administration is getting behind it. Again, any of
• 12:20
  Speaker 1: this could go to zero, so be extremely careful. It
• 12:23
  Speaker 1: is a speculative asset. I certainly own some, but I'm
• 12:27
  Speaker 1: invested in pretty much everything that I can think at least,
• 12:30
  Speaker 1: and so, you know, diversify, as the word to the wise,
• 12:34
  Speaker 1: but I think you should own some. My favorite asset class, though,
• 12:37
  Speaker 1: is still income property. I like little single family houses
• 12:40
  Speaker 1: that produce income. I think those are the best thing going.
• 12:43
  Speaker 1: And I will tell you, though, Kerry, this is one
• 12:46
  Speaker 1: of the hardest years ever in my career. And I've
• 12:49
  Speaker 1: been helping investors buy properties nationwide for twenty one years now.
• 12:53
  Speaker 1: This is one of the hardest years ever to predict
• 12:56
  Speaker 1: the real estate market. Usually I have very firm predictions,
• 13:01
  Speaker 1: and I'm usually very right about them. They usually come true,
• 13:05
  Speaker 1: and it can hold me accountable to that. Just go
• 13:07
  Speaker 1: listen to my show from twenty years ago, and it's
• 13:10
  Speaker 1: all there, like it's date stamped. I can't change it. Okay,
• 13:14
  Speaker 1: you can hear what I was saying then and see
• 13:16
  Speaker 1: if the game true, even back test me. But anyway,
• 13:19
  Speaker 1: there are so many unknowns right now. Right, I think,
• 13:24
  Speaker 1: certainly we have a serious housing shortage. There's no question
• 13:28
  Speaker 1: about that. Trump's idea of letting builders build on federal
• 13:31
  Speaker 1: lands will not solve the housing shortage. And I'll tell
• 13:34
  Speaker 1: you why, because the housing shortage isn't really about land.
• 13:40
  Speaker 1: It's about construction materials and houses. The ingredients of a house,
• 13:45
  Speaker 1: think about it, are concrete, lumber, copper, wire, petroleum products, energy, labor, glass, steel,
• 13:53
  Speaker 1: Those are the ingredients, right, and other things of course,
• 13:57
  Speaker 1: and a lot of those ingredients from offshore. Okay, think
• 14:02
  Speaker 1: of a house and just think of the little parts.
• 14:04
  Speaker 1: Think of all the hinges, the doorknobs, the fachers. I mean,
• 14:10
  Speaker 1: there's just a zillion little things, the garage organers, all
• 14:12
  Speaker 1: this stuff. Right, These all come well, not all of
• 14:16
  Speaker 1: them obviously, but a lot of them are imported. And
• 14:18
  Speaker 1: so if tariffs are slapped on those things, the cost
• 14:21
  Speaker 1: is going to go way up, and that's going to
• 14:23
  Speaker 1: push the cost up. But regardless of tariffs, which is
• 14:27
  Speaker 1: another big if, right, we just don't know it's an unknown.
• 14:31
  Speaker 1: These materials are in short supply, especially with the LA fires,
• 14:36
  Speaker 1: the North Carolina hurricane situation. You know, there is a
• 14:41
  Speaker 1: giant race And I just read an article about this
• 14:44
  Speaker 1: yesterday or two days ago in the Walls Through Journal.
• 14:48
  Speaker 1: There is a huge competition for building materials right now,
• 14:52
  Speaker 1: and the cost can only go up, and that increases
• 14:55
  Speaker 1: the cost of housing. So these problems are complex and
• 14:59
  Speaker 1: they're hard to solve, and they're hard to disrupt because
• 15:02
  Speaker 1: it's a low tech item. It's not like a new
• 15:06
  Speaker 1: piece of software it comes out and solves the housing problem.
• 15:09
  Speaker 1: It's not like AI solves that problem. It's a low
• 15:12
  Speaker 1: tech item and it's very hard to disrupt. So certainly
• 15:16
  Speaker 1: there's upward pressure on prices, upward pressure on rents, probably
• 15:20
  Speaker 1: for a long time to come. But how much I
• 15:23
  Speaker 1: don't know because there's just too many unknowns right now.
• 15:27
  Speaker 1: So if I just to conclude this idea, if I
• 15:30
  Speaker 1: had to predict the real estate market this year, I
• 15:33
  Speaker 1: would say we're going to see sort of a basic
• 15:35
  Speaker 1: year of four or five percent appreciation, And of course
• 15:39
  Speaker 1: it depends on the market. Some markets, you know, will
• 15:41
  Speaker 1: come down a little bit, some markets will go up more,
• 15:45
  Speaker 1: you know, but the average four or five percent. I
• 15:47
  Speaker 1: think it's going to be kind of an uneventful year,
• 15:49
  Speaker 1: but again, a lot of cross currents and a lot
• 15:51
  Speaker 1: of wild cards. It's the first time I've really said
• 15:54
  Speaker 1: I just don't know.
• 15:56
  Speaker 3: Well. I think AI is going to come into play
• 15:58
  Speaker 3: here because one of the things, like I watched with
• 16:02
  Speaker 3: the new Deep Seek AI from China, is the thing
• 16:09
  Speaker 3: like wrote perfect code, like you tell it to program
• 16:13
  Speaker 3: a Tetris type program for you, and it does it,
• 16:17
  Speaker 3: and they change the parameters it works. I think we'll
• 16:22
  Speaker 3: see like new building techniques coming out of this because look,
• 16:28
  Speaker 3: the perfect example of an AI driven company is Tesla.
• 16:32
  Speaker 3: Everything that's coming out of that company, every change, I
• 16:35
  Speaker 3: believe is AI driven. I think it might come from
• 16:40
  Speaker 3: individuals an idea, but the implementation all AI driven. And
• 16:46
  Speaker 3: we're going to see that, and it's going to happen
• 16:48
  Speaker 3: faster than anybody could believe.
• 16:51
  Speaker 1: You know. One of my newsletter articles recently that a
• 16:53
  Speaker 1: lot of people really liked was about AI agents, and
• 16:57
  Speaker 1: AI agents are basically things that do things. Is their
• 17:01
  Speaker 1: AI systems to do things for us? Okay, and I
• 17:05
  Speaker 1: talked about how this year is going to be the
• 17:07
  Speaker 1: year of massive expansion of AI agents. It this basically
• 17:14
  Speaker 1: allows people in every socioeconomic class. I mean, look, I
• 17:19
  Speaker 1: noticed this kind of startlingly when I was in Mexico
• 17:22
  Speaker 1: City a couple of months ago, and you know, I
• 17:25
  Speaker 1: couldn't believe how like low income people there were using AI.
• 17:33
  Speaker 1: They were using all this great town and basically think
• 17:37
  Speaker 1: about think about how much better your life gets if
• 17:40
  Speaker 1: you have multiple assistance right that are free or incredibly
• 17:44
  Speaker 1: cheap to use, and they're doing things for you, and
• 17:47
  Speaker 1: they're freeing up your time so that you can work more,
• 17:50
  Speaker 1: you can create more, or you can just have more leisure.
• 17:54
  Speaker 1: And there is a lot of prosperity that is going
• 17:57
  Speaker 1: to be created out of this AI revolution, and we
• 18:01
  Speaker 1: ain't seen nothing yet. I mean, if it's going to
• 18:04
  Speaker 1: blow our minds. And as prosperity is created, that's going
• 18:08
  Speaker 1: to mean more dollars, more money flowing into the economy,
• 18:13
  Speaker 1: putting upward pressure on prices.
• 18:15
  Speaker 3: And it's going to happen so fast. You know, most people, oh, yeah,
• 18:19
  Speaker 3: see this. You know, they know it's there, but you
• 18:23
  Speaker 3: don't know how fast it's going to help.
• 18:26
  Speaker 1: But it's in carries in a food to three years,
• 18:30
  Speaker 1: we won't even recognize things. It's going so quickly.
• 18:34
  Speaker 3: As somebody once told me, it's an amazing time to
• 18:37
  Speaker 3: be alive.
• 18:39
  Speaker 1: I'm starting to say that again. I was a little
• 18:41
  Speaker 1: pessimistic for a few years, and I didn't use that
• 18:43
  Speaker 1: that much, but I'm saying it more awful now.
• 18:46
  Speaker 3: It's just as human beings, there is a limited amount
• 18:52
  Speaker 3: of change that you can tolerate because it's disruptive, right,
• 18:58
  Speaker 3: makes you feel insecure. I think like you and I
• 19:01
  Speaker 3: are more prime to it, kind of gotten on the
• 19:05
  Speaker 3: on the wave. But most people out there have no
• 19:10
  Speaker 3: capacity to handle this. Yeah, right, I mean even down
• 19:15
  Speaker 3: to the if you had a robot that just washed
• 19:18
  Speaker 3: the dishes for you, picked up served you food, that
• 19:22
  Speaker 3: would be such a disruption to the average person's life.
• 19:26
  Speaker 3: It would, you know, it would be really difficult.
• 19:30
  Speaker 1: Here here's the thing, here's the here's the thing. I
• 19:32
  Speaker 1: think felt number one, this is going to be such
• 19:37
  Speaker 1: a smooth integration into people's lives this time around. And
• 19:42
  Speaker 1: I'll just give you an example of that. Who was
• 19:45
  Speaker 1: it that said this, I don't know, but I saw it.
• 19:49
  Speaker 1: I tweeted a bit and it was this that the
• 19:55
  Speaker 1: hottest new computer programming language is English, okay. It's not
• 20:03
  Speaker 1: c plus ethon cobalt, it's not all of this stuff.
• 20:08
  Speaker 1: It's English. And all of these computers with AI really
• 20:12
  Speaker 1: with chat GPT okay being the forerunner, have made this
• 20:18
  Speaker 1: so easy. It's like you don't have to really learn
• 20:22
  Speaker 1: anything except just how to use your language you've already used. Right,
• 20:26
  Speaker 1: So this is going to be a very smooth integration.
• 20:29
  Speaker 1: This revolution is bigger than the Internet itself, and just
• 20:34
  Speaker 1: massive amounts of prosperity and standard of living benefits are
• 20:38
  Speaker 1: going to accrue of it. They're going to be widely
• 20:40
  Speaker 1: dispersed and a crew to pretty much all people on Earth.
• 20:46
  Speaker 3: Yeah, it's very true, but it's still going to be
• 20:48
  Speaker 3: disruptive because even if you're miserable in your life, you're
• 20:53
  Speaker 3: working your butt off, it's your life. You're used to it,
• 20:57
  Speaker 3: You've learned to live within. Find a rapid change. We're
• 21:03
  Speaker 3: talking rapid change here, even for the better, it's still change,
• 21:08
  Speaker 3: you know, And it's like you have I always viewed it.
• 21:12
  Speaker 3: You have three kind of spheres in your life, like
• 21:19
  Speaker 3: like somebody that once ran for president recently said, I
• 21:23
  Speaker 3: love ven diagrams. The way you kind of draw circles
• 21:26
  Speaker 3: that intersect. But you have your you know, your social life,
• 21:30
  Speaker 3: your career, your family life. They overlap, let's face it,
• 21:35
  Speaker 3: And as long as two of them are stable you
• 21:39
  Speaker 3: could deal with generally. You know, you can deal with
• 21:44
  Speaker 3: disruption in one.
• 21:46
  Speaker 1: Yeah, that's interesting.
• 21:47
  Speaker 3: Two of them, it's going to be more difficult. Like
• 21:51
  Speaker 3: you're moving and you're getting divorced. All right, that's a
• 21:55
  Speaker 3: tough one. A lot of people get depressed about it
• 21:58
  Speaker 3: when all three are in up. That's what I'm thinking of,
• 22:02
  Speaker 3: even if it's eventually for the better, you know. So
• 22:07
  Speaker 3: it's going to be interesting for sure. So you know,
• 22:11
  Speaker 3: when we have this conversation Jason next January thirtieth, where
• 22:16
  Speaker 3: do you think will be.
• 22:18
  Speaker 1: I think we will be more prosperous. I think interest
• 22:22
  Speaker 1: rates will be a little lower in terms of mortgage rates.
• 22:27
  Speaker 1: I think housing prices will be higher. I think rents
• 22:30
  Speaker 1: will be higher. And I think, you know, I think
• 22:36
  Speaker 1: I think we're going to have a lower population slightly
• 22:40
  Speaker 1: because of the deportations. And I don't know if we're
• 22:43
  Speaker 1: going to have tariffs or not. I just don't know.
• 22:46
  Speaker 3: Well, you can do the tariffs. They're not a Q
• 22:49
  Speaker 3: or all but they're more a leverage thing forgetting other
• 22:53
  Speaker 3: things that you want, like with Columbia at.
• 22:55
  Speaker 1: Holly and it's working.
• 22:57
  Speaker 3: The guy whatever you whatever you feel about him, And
• 23:01
  Speaker 3: believe me, I understand why the segment of the population
• 23:05
  Speaker 3: doesn't like him. The derangement part that I don't get
• 23:09
  Speaker 3: because that just defies reason. But you know, when you
• 23:13
  Speaker 3: get locked up in the emotional state, that's the enemy
• 23:17
  Speaker 3: of critical thinking. But you know, the executive orders, the
• 23:24
  Speaker 3: effort to reinvent government. You know, Reagan was going to
• 23:27
  Speaker 3: do it. Then he got shot, like you know, sixty
• 23:30
  Speaker 3: days after he took office, and you know then that
• 23:34
  Speaker 3: was kind of the end of it. But this guy
• 23:37
  Speaker 3: is like a force of nature, and I don't think he's.
• 23:40
  Speaker 1: Going to say and they already got shot, so yeah,
• 23:43
  Speaker 1: he's already deal with that. The emotional part of that.
• 23:46
  Speaker 3: Yeah, yeah, you know when you're confronted with that, like
• 23:50
  Speaker 3: you get into a bad accident, whatever, near death experience,
• 23:53
  Speaker 3: it's going to change you. Well anyway, Jason, tell us
• 23:57
  Speaker 3: where we find you. How do we connect with you
• 23:58
  Speaker 3: on the web?
• 23:59
  Speaker 1: Sure, absolutely so my YouTube channel. Just type Jason Harmon
• 24:03
  Speaker 1: on YouTube podcast. Same thing, Just type my name and
• 24:07
  Speaker 1: of course, I'm mean website Jasonhartman dot com.
• 24:09
  Speaker 3: All right, and the links in the show that's this
• 24:11
  Speaker 3: interview on Financial Survival Network dot com. When you go there,
• 24:15
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• 24:17
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• 24:21
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• 24:26
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• 24:30
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• 24:33
  Speaker 3: to do, We never give you advice. We just give
• 24:36
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• 24:39
  Speaker 3: figure it out. And by the way, if you're still
• 24:42
  Speaker 3: listening at this point, which probably at least a few
• 24:46
  Speaker 3: hundred of you are, if we've helped you in the past,
• 24:49
  Speaker 3: if you've had a guest heard from a guest on
• 24:52
  Speaker 3: the show that has really made a difference. And I
• 24:55
  Speaker 3: know there's a lot of you out there because I've
• 24:57
  Speaker 3: gotten the emails, just send us an email or put
• 25:00
  Speaker 3: a comment down in the YouTube channel. Jason, always a pleasure.
• 25:04
  Speaker 3: We will talk to you again soon. Thanks for stopping by.
• 25:06
  Speaker 1: Likewise, happy investing, Thanks.
• 25:08
  Speaker 2: For listening to Carrie Letz's Financial Survival Network. Your solution
• 25:13
  Speaker 2: to today's trying times for the latest go to Financial
• 25:17
  Speaker 2: Survivalnetwork dot com. Financial Survival Network now more than ever,