Creating Wealth Real Estate Investing with Jason Hartman

In this is episode, Jason interviews analyst, author, screenwriter and former Waffle House employee, James Adams. James’ book, Waffle Street: The Confessions & Rehabilitation of a Financier gives us an inside look of what it was like to be working on Wall Street during the housing market crash. His story of leaving the modern version of organized crime and getting a job at the most recognized greasy spoon in the southeastern US has been made into a movie starring Danny Glover. He describes the central banking system with regards to loans and debt, reminds us of the problems associated with creating money out of thin air and warns Japan may be the first big domino to fall when the next crisis occurs.

James Adams Guest Interview:

[1:40] From Wall Street to Waffle House was the original title of Waffle Street and based on James Adams life.

[5:17] The movie exaggerates certain situations but the crisis was bigger than anyone ever imagined.

[6:40] A combination of reckless underwriting and the improbability of a US housing market decline led financial institutions to reassure clients until the crash took place.

[9:38] Rent to home price ratios were skewed and people underestimated the domino effects of leverage.

[12:20] The current issue that scares James Adams now is the treasury balance sheets of G8 countries.

[14:38] Central banks are creating electronic liabilities.

[16:25] The banks have been disintermediated. Banks are still part of the loan origination process but they are no longer responsible for the debt.

[22:14] Making money out of thin air works..until it doesn’t.

[22:53] Japan has the worst balance sheets, the worst demographics and the government is running in a massive deficit.

[23:58] Should we all be buying options on Japanese debt?

[26:20] The Waffle Street film is trending well on Netflix and is experiencing good distribution.

[27:25] James Adam’s is now a Senior Research Analyst and has another movie in the works.

Mentioned in This Episode:

Jason Hartman

Hartman Media

Waffle Street Movie

@Wafflestmovie on Twitter

In this is episode, Jason interviews analyst, author, screenwriter and former Waffle House employee, James Adams. James' book, Waffle Street: The Confessions & Rehabilitation of a Financier gives us an inside look of what it was like to be working on Wall Street during the housing market crash. His story of leaving the modern version of organized crime and getting a job at the most recognized greasy spoon in the southeastern US has been made into a movie starring Danny Glover. He describes the central banking system with regards to loans and debt, reminds us of the problems associated with creating money out of thin air and warns Japan may be the first big domino to fall when the next crisis occurs.

James Adams Guest Interview:

[1:40] From Wall Street to Waffle House was the original title of Waffle Street and based on James Adams life.

[5:17] The movie exaggerates certain situations but the crisis was bigger than anyone ever imagined.

[6:40] A combination of reckless underwriting and the improbability of a US housing market decline led financial institutions to reassure clients until the crash took place.

[9:38] Rent to home price ratios were skewed and people underestimated the domino effects of leverage.

[12:20] The current issue that scares James Adams now is the treasury balance sheets of G8 countries.

[14:38] Central banks are creating electronic liabilities.

[16:25] The banks have been disintermediated. Banks are still part of the loan origination process but they are no longer responsible for the debt.

[22:14] Making money out of thin air works..until it doesn't.

[22:53] Japan has the worst balance sheets, the worst demographics and the government is running in a massive deficit.

[23:58] Should we all be buying options on Japanese debt?

[26:20] The Waffle Street film is trending well on Netflix and is experiencing good distribution.

[27:25] James Adam's is now a Senior Research Analyst and has another movie in the works.

Mentioned in This Episode:

Jason Hartman

Hartman Media

Waffle Street Movie

@Wafflestmovie on Twitter

In this is 10th episode, Jason veers left of real estate to speak to the long-time friend of Bill Clinton, Dolly Kyle. Dolly’s new book Hillary the Other Woman is based on her decades of  experience being Bill’s personal friend and lover. Dolly describes the Hillary as an aggressive liar, a controlling grandmother type and a crony of all the top players in Washington and the media. Dolly says a Hillary presidency would be dangerous to all Americans and people should inform themselves before voting. She also shares the numerous lawsuits and scandals which should have rocked the Clinton dynasty but instead the media chooses to remain quiet.

Key Takeaways:

[1:18] Charging a Tesla electric car makes a person appreciate the invention of electricity.

[5:31] Reviewing the Here’s What Americans Fear the Most - Newser article by Michael Hawthorn.

[10:45] The discourse during this US election equates to “Two wrongs don’t make a right.”

Dolly Kyle Guest Interview:

[14:21] Dolly met Billy at a very young age. When he went off to college Billy told her she was a distraction and she should marry someone else.

[17:33] In January of 1974 Billy and Dolly reconnected to start their adult relationship.

[19:21] Bill Clinton was dating Dolly, Hillary and Marla Crider at the same time.

[21:37] Dolly and Billy still communicate when they both are in Arkansas.

[22:32] Bill Fulbright introduced Bill Clinton to the money people who would fund his congressional run.

[26:38] When Dolly met Hillary for the first time she was shocked.

[31:01] Are the stories true about Hillary vilifying Bill’s girlfriends?

[32:33] Dolly believes Bill raped Juanita Broaddrick.  

[39:02] Hillary made an investment in cattle futures and benefited through cronyism.   

[42:14] Hillary Clinton obtained 900 files about people in Washington. It’s known as Filegate.

[46:08] Dolly Kyle’s book includes 11 pages of people the Clinton’s have harmed and an entire chapter on how they manipulate the media.

[51:36] America was not meant to be a country of political dynasties.  

[53:03] Of Dolly Kyle’s 768 book reviews on Amazon, 80% are positive.

[54:18] The story of Danny Williams should be getting more traction in the media.

Mentioned in This Episode:

Jason Hartman

Hartman Education

Dolly Kyle Website

Hillary the Other Woman: A Political Memoir by Dolly Kyle

In this is 10th episode, Jason veers left of real estate to speak to the long-time friend of Bill Clinton, Dolly Kyle. Dolly's new book Hillary the Other Woman is based on her decades of experience being Bill's personal friend and lover. Dolly describes the Hillary as an aggressive liar, a controlling grandmother type and a crony of all the top players in Washington and the media. Dolly says a Hillary presidency would be dangerous to all Americans and people should inform themselves before voting. She also shares the numerous lawsuits and scandals which should have rocked the Clinton dynasty but instead the media chooses to remain quiet.

Key Takeaways:

[1:18] Charging a Tesla electric car makes a person appreciate the invention of electricity.

[5:31] Reviewing the Here's What Americans Fear the Most - Newser article by Michael Hawthorn.

[10:45] The discourse during this US election equates to "Two wrongs don't make a right."

Dolly Kyle Guest Interview:

[14:21] Dolly met Billy at a very young age. When he went off to college Billy told her she was a distraction and she should marry someone else.

[17:33] In January of 1974 Billy and Dolly reconnected to start their adult relationship.

[19:21] Bill Clinton was dating Dolly, Hillary and Marla Crider at the same time.

[21:37] Dolly and Billy still communicate when they both are in Arkansas.

[22:32] Bill Fulbright introduced Bill Clinton to the money people who would fund his congressional run.

[26:38] When Dolly met Hillary for the first time she was shocked.

[31:01] Are the stories true about Hillary vilifying Bill's girlfriends?

[32:33] Dolly believes Bill raped Juanita Broaddrick.

[39:02] Hillary made an investment in cattle futures and benefited through cronyism.

[42:14] Hillary Clinton obtained 900 files about people in Washington. It's known as Filegate.

[46:08] Dolly Kyle's book includes 11 pages of people the Clinton's have harmed and an entire chapter on how they manipulate the media.

[51:36] America was not meant to be a country of political dynasties.

[53:03] Of Dolly Kyle's 768 book reviews on Amazon, 80% are positive.

[54:18] The story of Danny Williams should be getting more traction in the media.

Mentioned in This Episode:

Jason Hartman

Hartman Education

Dolly Kyle Website

Hillary the Other Woman: A Political Memoir by Dolly Kyle

Let’s examine the subject of debt, both good and bad. The prudent use of leverage or borrowed money can accelerate wealth creation and reduce risk. We’ll look at many perspectives including a profile of Donald Trump and his “troubles” in the 90’s.

Let's examine the subject of debt, both good and bad. The prudent use of leverage or borrowed money can accelerate wealth creation and reduce risk. We'll look at many perspectives including a profile of Donald Trump and his "troubles" in the 90's.