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Speaker 1: There is a lot of prosperity that is going could

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be created out of this AI revolution, and we ain't

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seen nothing yet. I mean, if it's going to blow

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our minds, and as prosperity is created, that's going to

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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

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you get valuable information you just can't find anywhere else

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to thrive in today's trying times. You need the Financial

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Survival Network now more than ever. Go to Financial Survivalnetwork

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dot com and get your free newsletter and gift. Financial

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Survival Network now more than ever.

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Speaker 3: And welcome you are listening to and watching the Financial

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Survival Network. I'm your host, Terry Leutz. Wow, we're already

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at the end of January. Who can believe it? I mean,

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the election was just a couple of short months ago,

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and here we are, man in the thicke of things.

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What is happening with the economy? Real estate, crypto, gold silver.

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Jason Hartman is with us. Now you find a bit

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Jason Hartman dot com and Jason, it's great to have

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you back on. I see you're getting some sun here,

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which is good in sunny South Florida. The cold weather

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is gone. But what you what are you seeing? And

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you look into your crystal ball for the for the

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months and the years ahead. Now that there's a new

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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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sheriff in town because it seems like we are only

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ten days in, ten days in to the new administry,

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and amazing things are happening. I mean, it is so good.

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It is incredible. When you see an executive, an actual

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executive with leadership skills and business skill running things, it's

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just awesome. I am so impressed. And I know there

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are a few of you out there who probably go crazy,

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you know, you know, think, what do you want a

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free I mean last time he worked for free, okay,

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And he works very hard. He's got massive amounts of energy,

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and I think he's mostly got great ideas and he's

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doing great things. As far as the economy overall, Kerrie,

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And we'll talk about the real estate market too, because

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of course that's my main business, is helping real estate

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investors buy properties nationwide, as you know, And I think

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overall the economy, I think everything that's happening is very

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good news, but I caution everybody, it's not going to

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be without some short term pain. I mean, look, if

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you take millions of people out of the economy, they

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have jobs. Of course, they're low paying immigrant type jobs,

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the vast majority of them, and they rent cheap properties. Right,

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So if you're a landlord in one of those low

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end properties where your tenants are these people, you know

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you're going to have some people move out, right. That's

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going to increase your vacancies. If you're an employer, you're

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going to lose that person and ultimately their net cost

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to the economy. You know, the studies say that immigrants

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cost illegal immigrants cost not eight thousand dollars per year

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each in terms of government costs, but there are other

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costs beyond that. And so good long term, but not

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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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And it's when I go around the world. I've now

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been to ninety nine countries. I almost made it to

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one hundred. But when I tried to go to Vietnam

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just over a month ago. My visa. I had a

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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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but I'll get there anyway. In all my travels and

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some of those countries I've been to many times, I've

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traveled extensively for long times, you know, throughout my life.

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And you know, the thing that has amazed me that

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I've noticed since nineteen ninety nine when I was in Australia,

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I remember noticing this. We had white Australian people cleaning

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the hotel rooms, okay, and doing all these menial jobs

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they say they won't do. They will do it if

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they get a fair wage. Okay. It's just simple supply

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and demand. This idea that only you know, brown immigrants

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will do these jobs is so racist and so ridiculous.

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It's just nonsensical. It makes no sense at all. It's

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completely criticist. It's like saying, okay, we've got to get

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a bunch of slaves to come in here and work

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for no money to do these menial jobs. All those

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jobs were done before. Yeah, of course, people ate blueberries

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in the fifties eight strawberries in the fifties, houses got built,

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stuff happened, It all worked before or just fine, okay,

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in a more functional economy. Rice is the last several

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decades is a very dysfunctional autonomy. Yeah, hey, if you can't,

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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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hire a legal one, and you're going to pay double,

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that's all, so you won't have the person there as

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much whatever.

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Speaker 1: But well you're your your own wages are going to

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go up. Yeah, because because those jobs are being taken

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now by immigrants, right, and so they will now be

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filled with citizens that are irrelated. You know, those wages

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will rise.

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Speaker 3: You know, you're like not giving the former occupant of

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the White House enough credit here, Jason, because a A

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he ended the the Afghan War, which was a useless

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disaster for twenty years. Right, that was a major accomplishment.

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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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we both know.

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Speaker 3: But you gotta you want to make an omelet, you

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got to break some eggs that right. Number two is

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he ended the labor shortage right, top achievements of his administration.

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And number three he solved the hotel crisis. Yeah, I

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know you are being sarcastic so well, but I think

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those are the major achievements of his reign of terror. Here,

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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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it was a complete disaster, unmitigated. The Biden crime family

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was awful, and.

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Speaker 3: Then he knew he knew it was going to happen,

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because the guy was never bright. You know, he finished

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the damn near the bottom of his law school class.

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And it wasn't that great a law school. I think

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University of Delaware, Syracuse, Syracuse. I think it was Syracuse.

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And he was always a buffoon. He was a serial plagiarizer.

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And anyway, without getting into it all, yeah, I agree,

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he was a disaster where you like shocked by the

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number of executive orders and the rapidity of the Trump

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Trump regime.

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Speaker 1: Oh, I think I think Trump is incredible. You know, listen,

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I didn't really like him that much before. Honestly. I mean,

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I've had a lot of Trump people on my shows

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over the years, and you know, I always said I

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thought he was kind of childish and immature. But I

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think he's grown up, guys, really, Zoe, and and you know,

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and and I think he is an executive and a leader,

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and he is. I mean, he is a hard, hard worker.

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No one can take that away from him. And you

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know the fact that he held three pet press conferences

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the day of his inauguration, the fact that he was

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in the Oval office signing executive orders, the fact that

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he was in that arena signing executive orders. I mean

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we all saw that, and the orders make sense. I mean,

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these are the right thing to do. The only danger

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I see now where he could really screw up in

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my opinion at the moment. I mean, there's certainly a

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lot of time left for him to make a lot

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of mistakes. But I worry that he will let these

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tech oligarchs get too close to him. You know, Zuckerberg

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is chumming up with her, even though you know, he

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just paid him twenty five million dollars to settle that

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case where he sued Facebook thankfully and got a twenty

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five million dollars settlement. Just yesterday I read about that

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that was in Trump's favor, and that was because they

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deplatformed him and you know, Facebook should pay that to

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everybody they censored in deep platform. I mean, so these

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tech oligarchs, I mean, Joe Biden was right about that

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when he was leaving office, kind of similar to what

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was it that said that, Not Truman but someone who's

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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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leaving Archer speech right, right, and Biden said it about

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the tech oligarchs. And I agree with Biden, he's right

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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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So really his warning is just the same warning as

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Eisenhower when you peel the onion, and that is beware

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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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up the pace of the deportations. Okay, and let me

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know what you think. So you offer a bounty for

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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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ten thousand, it's still going to be cheaper than having

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the government track them down, and then you have a

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database with every single illegal on it, right, and then

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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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face a great idea because the other thing you didn't

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mention it's going to be great about that too, is

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it would pump a lot of money into the economy. Yeah.

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I mean, think of all the people who you know,

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it's a small number that don't have a job, or

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they're an uber driver or lyft driver or something, and

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you know they could make a lot of extra money

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that could change their life being one of these bounty hunters.

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The only thing that I don't like about it is this.

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You know, in all these dictatorships, we have had this idea,

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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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worry me. Okay, could get out of control, but hey,

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it's worth a try, and if it gets out of control,

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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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there's tens of millions of them here. I mean, I

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hate to reward bad behavior because the last time. We

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did that during Reagan when he signed the amnesty for

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roughly three million. That's what led to this because they

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just say, well, well, we'll just do it till they

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do the next anesty in the next and there hasn't

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been another one. But one thing I would like to

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see is a tax amnesty. It's never been held on

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the federal level where basically, if you owe any taxes,

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whether they figured it out or not, you could just

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pay it without any penalties, without any interest. Everybody just

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pays it and they pull in a trillion dollars there

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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

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think it's worth a try.

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Speaker 3: Yeah. So when we're looking at it, what's your take

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on the cryptos, the Donald coin, the Malania coin, bitcoins? Now,

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I think today as we're speaking about one hundred and

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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

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almost there.

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Speaker 1: I thought one of six was the record, but I'm

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not keeping close track, so I may be wrong. But anyway,

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you know, I think bitcoin is in a class by itself.

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It's a completely different idea. These other coins are junk,

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they're fads, you know, they're not like real things. But

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bitcoin does have a case. It has a real case,

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and I think it's interesting. I think it's good that

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the Trump administration is getting behind it. Again, any of

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this could go to zero, so be extremely careful. It

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is a speculative asset. I certainly own some, but I'm

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invested in pretty much everything that I can think at least,

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and so, you know, diversify, as the word to the wise,

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but I think you should own some. My favorite asset class, though,

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is still income property. I like little single family houses

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that produce income. I think those are the best thing going.

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And I will tell you, though, Kerry, this is one

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of the hardest years ever in my career. And I've

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been helping investors buy properties nationwide for twenty one years now.

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This is one of the hardest years ever to predict

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the real estate market. Usually I have very firm predictions,

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and I'm usually very right about them. They usually come true,

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and it can hold me accountable to that. Just go

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listen to my show from twenty years ago, and it's

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all there, like it's date stamped. I can't change it. Okay,

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you can hear what I was saying then and see

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if the game true, even back test me. But anyway,

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there are so many unknowns right now. Right, I think,

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certainly we have a serious housing shortage. There's no question

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about that. Trump's idea of letting builders build on federal

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lands will not solve the housing shortage. And I'll tell

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you why, because the housing shortage isn't really about land.

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It's about construction materials and houses. The ingredients of a house,

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think about it, are concrete, lumber, copper, wire, petroleum products, energy, labor, glass, steel,

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Those are the ingredients, right, and other things of course,

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and a lot of those ingredients from offshore. Okay, think

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of a house and just think of the little parts.

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Think of all the hinges, the doorknobs, the fachers. I mean,

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there's just a zillion little things, the garage organers, all

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this stuff. Right, These all come well, not all of

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them obviously, but a lot of them are imported. And

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so if tariffs are slapped on those things, the cost

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is going to go way up, and that's going to

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push the cost up. But regardless of tariffs, which is

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another big if, right, we just don't know it's an unknown.

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These materials are in short supply, especially with the LA fires,

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the North Carolina hurricane situation. You know, there is a

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giant race And I just read an article about this

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yesterday or two days ago in the Walls Through Journal.

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There is a huge competition for building materials right now,

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and the cost can only go up, and that increases

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the cost of housing. So these problems are complex and

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they're hard to solve, and they're hard to disrupt because

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it's a low tech item. It's not like a new

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piece of software it comes out and solves the housing problem.

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It's not like AI solves that problem. It's a low

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tech item and it's very hard to disrupt. So certainly

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there's upward pressure on prices, upward pressure on rents, probably

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for a long time to come. But how much I

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don't know because there's just too many unknowns right now.

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So if I just to conclude this idea, if I

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had to predict the real estate market this year, I

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would say we're going to see sort of a basic

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year of four or five percent appreciation, And of course

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it depends on the market. Some markets, you know, will

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come down a little bit, some markets will go up more,

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you know, but the average four or five percent. I

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think it's going to be kind of an uneventful year,

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but again, a lot of cross currents and a lot

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of wild cards. It's the first time I've really said

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I just don't know.

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Speaker 3: Well. I think AI is going to come into play

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here because one of the things, like I watched with

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the new Deep Seek AI from China, is the thing

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like wrote perfect code, like you tell it to program

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a Tetris type program for you, and it does it,

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and they change the parameters it works. I think we'll

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see like new building techniques coming out of this because look,

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the perfect example of an AI driven company is Tesla.

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Everything that's coming out of that company, every change, I

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believe is AI driven. I think it might come from

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individuals an idea, but the implementation all AI driven. And

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we're going to see that, and it's going to happen

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faster than anybody could believe.

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Speaker 1: You know. One of my newsletter articles recently that a

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lot of people really liked was about AI agents, and

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AI agents are basically things that do things. Is their

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AI systems to do things for us? Okay, and I

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talked about how this year is going to be the

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year of massive expansion of AI agents. It this basically

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allows people in every socioeconomic class. I mean, look, I

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noticed this kind of startlingly when I was in Mexico

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City a couple of months ago, and you know, I

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couldn't believe how like low income people there were using AI.

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They were using all this great town and basically think

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about think about how much better your life gets if

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you have multiple assistance right that are free or incredibly

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cheap to use, and they're doing things for you, and

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they're freeing up your time so that you can work more,

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you can create more, or you can just have more leisure.

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And there is a lot of prosperity that is going

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to be created out of this AI revolution, and we

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ain't seen nothing yet. I mean, if it's going to

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blow our minds. And as prosperity is created, that's going

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to mean more dollars, more money flowing into the economy,

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putting upward pressure on prices.

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Speaker 3: And it's going to happen so fast. You know, most people, oh, yeah,

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see this. You know, they know it's there, but you

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don't know how fast it's going to help.

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Speaker 1: But it's in carries in a food to three years,

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we won't even recognize things. It's going so quickly.

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Speaker 3: As somebody once told me, it's an amazing time to

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be alive.

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Speaker 1: I'm starting to say that again. I was a little

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pessimistic for a few years, and I didn't use that

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that much, but I'm saying it more awful now.

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Speaker 3: It's just as human beings, there is a limited amount

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of change that you can tolerate because it's disruptive, right,

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makes you feel insecure. I think like you and I

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are more prime to it, kind of gotten on the

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on the wave. But most people out there have no

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capacity to handle this. Yeah, right, I mean even down

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to the if you had a robot that just washed

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the dishes for you, picked up served you food, that

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would be such a disruption to the average person's life.

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It would, you know, it would be really difficult.

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Speaker 1: Here here's the thing, here's the here's the thing. I

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think felt number one, this is going to be such

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a smooth integration into people's lives this time around. And

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I'll just give you an example of that. Who was

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it that said this, I don't know, but I saw it.

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I tweeted a bit and it was this that the

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hottest new computer programming language is English, okay. It's not

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c plus ethon cobalt, it's not all of this stuff.

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It's English. And all of these computers with AI really

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with chat GPT okay being the forerunner, have made this

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so easy. It's like you don't have to really learn

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anything except just how to use your language you've already used. Right,

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So this is going to be a very smooth integration.

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This revolution is bigger than the Internet itself, and just

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massive amounts of prosperity and standard of living benefits are

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going to accrue of it. They're going to be widely

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dispersed and a crew to pretty much all people on Earth.

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Speaker 3: Yeah, it's very true, but it's still going to be

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disruptive because even if you're miserable in your life, you're

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working your butt off, it's your life. You're used to it,

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You've learned to live within. Find a rapid change. We're

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talking rapid change here, even for the better, it's still change,

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you know, And it's like you have I always viewed it.

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You have three kind of spheres in your life, like

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like somebody that once ran for president recently said, I

365
00:21:23,400 --> 00:21:26,240
love ven diagrams. The way you kind of draw circles

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that intersect. But you have your you know, your social life,

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your career, your family life. They overlap, let's face it,

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And as long as two of them are stable you

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could deal with generally. You know, you can deal with

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disruption in one.

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Speaker 1: Yeah, that's interesting.

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Speaker 3: Two of them, it's going to be more difficult. Like

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you're moving and you're getting divorced. All right, that's a

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tough one. A lot of people get depressed about it

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when all three are in up. That's what I'm thinking of,

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even if it's eventually for the better, you know. So

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it's going to be interesting for sure. So you know,

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when we have this conversation Jason next January thirtieth, where

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do you think will be.

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Speaker 1: I think we will be more prosperous. I think interest

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rates will be a little lower in terms of mortgage rates.

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I think housing prices will be higher. I think rents

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will be higher. And I think, you know, I think

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I think we're going to have a lower population slightly

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because of the deportations. And I don't know if we're

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going to have tariffs or not. I just don't know.

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Speaker 3: Well, you can do the tariffs. They're not a Q

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or all but they're more a leverage thing forgetting other

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things that you want, like with Columbia at.

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Speaker 1: Holly and it's working.

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Speaker 3: The guy whatever you whatever you feel about him, And

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believe me, I understand why the segment of the population

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doesn't like him. The derangement part that I don't get

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because that just defies reason. But you know, when you

395
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get locked up in the emotional state, that's the enemy

396
00:23:17,839 --> 00:23:24,279
of critical thinking. But you know, the executive orders, the

397
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effort to reinvent government. You know, Reagan was going to

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do it. Then he got shot, like you know, sixty

399
00:23:30,759 --> 00:23:34,720
days after he took office, and you know then that

400
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was kind of the end of it. But this guy

401
00:23:37,440 --> 00:23:40,640
is like a force of nature, and I don't think he's.

402
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Speaker 1: Going to say and they already got shot, so yeah,

403
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he's already deal with that. The emotional part of that.

404
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Speaker 3: Yeah, yeah, you know when you're confronted with that, like

405
00:23:50,480 --> 00:23:53,599
you get into a bad accident, whatever, near death experience,

406
00:23:53,880 --> 00:23:57,000
it's going to change you. Well anyway, Jason, tell us

407
00:23:57,039 --> 00:23:58,880
where we find you. How do we connect with you

408
00:23:58,960 --> 00:23:59,480
on the web?

409
00:23:59,559 --> 00:24:03,319
Speaker 1: Sure, absolutely so my YouTube channel. Just type Jason Harmon

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00:24:03,400 --> 00:24:06,960
on YouTube podcast. Same thing, Just type my name and

411
00:24:07,359 --> 00:24:09,759
of course, I'm mean website Jasonhartman dot com.

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00:24:09,839 --> 00:24:11,559
Speaker 3: All right, and the links in the show that's this

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00:24:11,680 --> 00:24:15,720
interview on Financial Survival Network dot com. When you go there,

414
00:24:15,799 --> 00:24:17,559
we just ask that you sign up for your free

415
00:24:17,640 --> 00:24:21,559
newsletter like Actually it's sixty seven thousand of you out

416
00:24:21,599 --> 00:24:25,680
there have done already, some of you unsubscribed, but in total,

417
00:24:26,000 --> 00:24:30,279
sixty seven thousand people subscribed, So be one of them.

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00:24:30,480 --> 00:24:33,039
Get valuable info like this. We never tell you what

419
00:24:33,160 --> 00:24:36,519
to do, We never give you advice. We just give

420
00:24:36,559 --> 00:24:39,720
you information and then you take that information and you

421
00:24:39,799 --> 00:24:42,319
figure it out. And by the way, if you're still

422
00:24:42,359 --> 00:24:46,200
listening at this point, which probably at least a few

423
00:24:46,279 --> 00:24:49,680
hundred of you are, if we've helped you in the past,

424
00:24:49,839 --> 00:24:52,440
if you've had a guest heard from a guest on

425
00:24:52,559 --> 00:24:55,440
the show that has really made a difference. And I

426
00:24:55,480 --> 00:24:57,200
know there's a lot of you out there because I've

427
00:24:57,200 --> 00:25:00,200
gotten the emails, just send us an email or put

428
00:25:00,240 --> 00:25:03,880
a comment down in the YouTube channel. Jason, always a pleasure.

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00:25:04,119 --> 00:25:06,400
We will talk to you again soon. Thanks for stopping by.

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00:25:06,799 --> 00:25:08,880
Speaker 1: Likewise, happy investing, Thanks.

431
00:25:08,559 --> 00:25:12,920
Speaker 2: For listening to Carrie Letz's Financial Survival Network. Your solution

432
00:25:13,160 --> 00:25:16,960
to today's trying times for the latest go to Financial

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00:25:17,079 --> 00:25:22,720
Survivalnetwork dot com. Financial Survival Network now more than ever,