Justin Mohr Show

Fed Chairwoman, Janet Yellen, has raised interest rates for the last time under her tenure.  This is the 5th time interest rates have been raised under Yellen. For that matter, this is the 5th time interest rates have been raised since the financial crisis began in 2008! So we’ve had near 0% interest rates for 10 years and the fed thinks it’s getting tight when interest rates are at 1.5%!? This is crazy! We still negative interest rates when you figure in the inflation rate!  We’re not in some miraculous recovery like most in the media believe.


The Bitcoin futures market is now open! What does this mean for Bitcoin now that people have the ability to short it? If you look at a chart of Bitcoin it literally goes straight up!  How long will this bitcoin bull market continue? In a two week period, Bitcoin went from $8,000 per coin to $16,000!  There’s definitely a lot of similarities between Bitcoin and the tulip bulb mania from the 1600s. People literally were trading their houses for a single tulip bulb!  What, you say this time is different? From what I have seen from history, this time is never different.

Direct download: jmsEp165-bitcoin_mania_continues.mp3
Category:Business, News & Politics, Education -- posted at: 5:22pm MST

More sexual allegations have come out and the latest person to fall and be fired is the long time “Today” co-host, Matt Lauer. Every day it seems like there’s someone else! Also, Janet Yellen fears a boom and bust if we don’t stay ahead of inflation by keeping up with interest rates. This is more evidence that my theory on Janet Yellen is correct. And Bitcoin has recently went over $10,000 per coin and now even the FED is thinking about making its own cryptocurrency!  Lots to get to on today’s show!

Direct download: jmsEp164-Yellen_bitcoin_and_matt_lauer.mp3
Category:Business, News & Politics, Education -- posted at: 10:11am MST

The House has passed their version of tax reform and now the senate is working on their version of the bill. Will the republicans get a bill through by year end?  This bill has gotten a lot of criticism from the media now don’t get me wrong this bill has a lot to be desired to get a truly great bill but it does have some good things in it.  Most people are saying this bill only helps the rich, this is lie!  This bill helps every income bracket by reducing your taxes. But what’s more important than cutting taxes right now…it’s cutting government spending! All government spending is a tax so that should be the first thing addressed and I don’t hear anyone on Capitol Hill talking about it!

Direct download: jmsEp163-Republican_tax_bill.mp3
Category:Business, News & Politics, Education -- posted at: 10:17am MST

Most people think that China is largest holder of our debt and so everyone is very worried about China and if they decide to dump U.S. treasuries. But China isn’t the largest holder of U.S. Treasuries, it’s the Federal Reserve!  They own more than double what China owns!  Also, Trump has made his choice for the new fed Chairman, Jerome Powell.  Powell is not an economists but he really is more of the same and he seems like he fits right in the middle between a Bernanke and Yellen.  Protect yourself from the destructive Federal Reserve!

Direct download: jmsEp162-new_fed_chair_powell.mp3
Category:Business, News & Politics, Education -- posted at: 10:44am MST

This Halloween the PC police are at it again so what you plan on dressing up as this Halloween make sure you don’t offend anyone!  If you are dressed up in the Donald Trump Wall costume that must mean you’re a racist that hates Mexicans! Or if you’re a man and dress up as a woman you are making fun of transgender!  I mean seriously what the hell don’t people have a life!?  Also, what really is the key to influencing people in your life and pulling them to your side?  There’s one factor and skill that if you master it, it can completely change your life and you will indeed change your life!  I just got back from the Contra Cruise and boy do I have a story for you guys… I literally almost missed the ship at the last stop. Imagine running down the pier to the ship as the horn is blaring and it’s about to take off and I’m running for my life… Yep, that really did happen. Let me explain.

Direct download: jmsEp161-Contra_Cruise_2_and_Halloween.mp3
Category:Business, News & Politics, Education -- posted at: 11:55am MST

I came across a piece and this lady is showing her “facts” that is supposed to lead the reader to the conclusion that free market capitalism doesn’t work. That it’s in fact, the countries with more government control that are seeing the most growth today and are experiencing the most prosperity.  This article is such a teachable moment and it shows how people with similar “facts” can see things in such different ways!  How can we become better at communicating our message?  The simple answer is… to become better at arguing for your point of view, you must first become a good listener. Thinking you can convert someone on the spot in all likelihood isn’t going to happen, we need to think long term. We all have our own, unique light bulb moment. The question is… How can bring someone to their light bulb moment of clarity?

Direct download: jmsEp160-free_market_capitalism.mp3
Category:Business, News & Politics, Education -- posted at: 2:35am MST

Last week I visited Cuba and it was an enlightening experience.  Imagine going to a city where it hasn’t been improved or maintained for 60 years… Yep, that’s the feeling I got when roaming the streets of Cuba. Everything is just really old, musty and colorless. People that have the mindset that government can provide prosperity is very laughable indeed. The government only consumes resources and allocates them in a very inefficient way compared to the private sector. On the world index, comparing countries prosperity, Cuba is ranked 177 and closely followed by the basket case, Venezuela. The government only gets in the way of prosperity!  We need to get more people to understand this!

Direct download: jmsEp159-what_its_really_like_in_cuba.mp3
Category:Business, News & Politics, Education -- posted at: 9:13am MST

John Hunt and Doug Casey are back with the second installment of the High Ground Series, “Drug Lord.” John discusses how the war on drugs is a complete disaster and how the government has made matters worse!  Also, the problem with legal drugs and the revolving door of cronyism from the guys at the FDA! For many people out there, legalizing drugs still sounds bat crazy but looking at the system we have today…is it really that crazy?  Look at all the unintended consequences of government making drugs illegal.  Instead of things being above ground where it’s safer and you know what’s in the good you’re consuming, instead you’re trusting a drug dealer! What happens to people that are addicted to legal drugs like pain killers? They seek a cheaper alternative called heroine! This out of control drug war needs to stop! The war on drugs has made it less safe, not safer like the government wants you to believe!


The Federal Reserve has finally done what many have thought wouldn’t happen…The Fed will begin shrinking its bloated, $4.5 Trillion balance sheet in October. This is the right thing to do but the question is can our economy handle it?  No, our economy is addicted to this funny money so this move by the Federal Reserve is the pin inching closer and closer to the balloon. This tightening by the FED will lead to the exposure of this fake recovery. All of the malinvestment that has taken place in our economy for years now will be shown for what it is…unsustainable! The question is…why is Janet Yellen really doing this? Why does she seem so bold and fearless now? Let me connect a few dots for you and I believe I have the answer to this odd scenario we find ourselves in today.


President Trump worked out a debt ceiling deal with Democrats to push out the debt ceiling issue until December 8th.  Trump is acting more and more like a democrat and the status quo of Washington D.C.! The swamp isn’t going to be drained and size of government will not be cut either! This is not going to end well when our national debt passed $20 Trillion on September 8th!  Protect your savings! The dollar isn’t safe so act accordingly.

Direct download: jmsEp156-debt_ceiling_deal.mp3
Category:Business, News & Politics, Education -- posted at: 12:35pm MST

Hurricane Harvey is looking like it will be the costliest natural disaster to ever occur in the United States. This devastation has destroyed the lives of millions of people. The Keynesians view disasters as a good jobs program that can boost the economy and keep spending going. How ridiculous is this!?  But this is really how these “economists” think and it’s crazy that people can believe this garbage. Price gouging is seen as a negative but allowing prices to rise during disasters allows goods to flow to their most efficient uses. It’s basic economics and the government shouldn’t be interfering because they screw things up just like they always do!

Direct download: jmsEp155-the_economics_of_hurricane_harvey.mp3
Category:Business, News & Politics, Education -- posted at: 12:33am MST

Janet Yellen gave a speech in Jackson Hole Wyoming last week and she didn’t address monetary policy at all!  Many commentators were surprised by this and she focused mainly on regulations. She pointed out how the FED and congress responded correctly during the 2008 financial crisis by imposing more regulations on the financial sector. She says these regulations have made our economy more resilient than it was 10 years ago! The main point missed by all commentators out there is that she’s doing this to set up the narrative that deregulation will be to blame for the next financial crisis! This will be the way to protect her legacy and the democrat party and it will leave all the blame on Donald Trump and the Republican Party! Everything is political my friends.

Direct download: jmsEp154-Yellen_at_Jackson_Hole.mp3
Category:Business, News & Politics, Education -- posted at: 11:06am MST

Household debt has hit a record high of $12.8 Trillion! This is the highest we have seen since the financial crisis bottomed in 2009. 30 day credit card delinquencies are on the rise standing at 6.2%. One year ago that same figure was 5.1%! 90 day credit card delinquencies are on the rise and this is a sign that the average consumer is being squeezed. The cracks in the very faulty U.S. economy are beginning to appear and this is not the recovery most people think that’s taking place.  $51 Billion worth of auto loans last quarter went to people with a credit score under 660. (this is considered subprime)  Folks, crap is about to hit the proverbial fan and understanding what’s coming next puts you leap years ahead of everyone else out there. Stay tuned.

Direct download: jmsEp152-household_debt_hits_record_high.mp3
Category:Business, News & Politics, Education -- posted at: 1:46pm MST

Is bitcoin money? Keith Weiner discusses why gold is crucial in an economy and that bitcoin isn’t money. Keith also discusses why the system if failing today.  His view of why the system is failing is much different than the mainstream view. You don’t want to miss this insightful interview with Keith Weiner!


Keith Weiner talks about money and what real money (gold) is. He argues that gold can’t circulate without an interest rate so his big push is to give gold a yield. So to transition to a gold standard, Keith argues gold must have an interest rate first.  Also, many confuse the terms of speculation vs. investment and Keith makes a clear distinction between these two terms and they’re actually opposites. And should the average person invest in gold miners? All this and more answered! Don’t miss Part 2 of this in depth discussion of money with Keith Weiner!


The crisis in Venezuela continues to get worse. On January 1st 2017, $1=$3,000 Bolivars, today $1=$8,000 bolivars. The inflation keeps getting worse and experts are now projecting over 2,000% inflation in 2018!  The government keeps trying to seize more control to “fix” the economy. The insanity in Venezuela could easily be fixed if people only understood the government always makes matters worse and they never can help you!  The free market and the private sector and embracing capitalism is the only way out!

Direct download: jmsEp150-Freedomfest_and_venezuela.mp3
Category:Business, News & Politics, Education -- posted at: 10:30am MST

Janet Yellen is taking back some comments she made back in London two weeks ago. Janet Yellen had said she really doesn’t see another financial crisis happening in our lifetimes. Why would she say this?  She says this because she sees that government regulations can protect us. Dodd-Frank was passed as a response to the housing crisis and she really thinks this will protect us. The only way she thinks we will have another crisis is if we repeal this regulations! Yes, she’s already setting up the new narrative for the next crisis, DEREGULATION!  Which of course that’s the cause of the next crisis at all. Big government and the fed are to blame. They are always the ones that cause crisis after crisis but they will never see it.

Direct download: jmsEp149-Janet_Yellen_and_the_fed.mp3
Category:Business, News & Politics, Education -- posted at: 2:06pm MST

The state of Illinois is on the verge of bankruptcy. $15 Billion in unpaid bills and no budget plan going on 3 years running. The state legislature in Illinois has worked out a budget deal that’s suppose to pull the state back from the brink but it won’t! The budget bill doesn’t reform the pension problem in a meaningful way and it’s the underfunding of state pensions that has largely led to this debt in Illinois. The future obligation to pensions in Illinois is $251 billion!  The state legislature thinks raising $5 billion in taxes by increasing the state income tax by 32% is a good idea!  When will these politicians learn?

Direct download: jmsEp148-Illinois_is_broke.mp3
Category:Business, News & Politics, Education -- posted at: 11:13am MST

A new study from the University of Washington has shown that Seattle’s new $15 minimum wage is actually hurting those low skilled workers that it was intended to help!  It’s amazing how people are still shocked by things like this but I guess maybe it shouldn’t be, since the average person out there is economically illiterate!  Many of the so called “experts” out there are also economically illiterate! 
A minimum wage is pricing low skilled labor out of the market entirely! If you can’t gain job experience from getting a first job, how in the heck do you climb the ladder to obtain that more skilled second job? This is just one more lesson of the government destroying the lives of those it’s intended to help. It’s a sad story indeed.

Direct download: jmsEp147-Seattle_minimum_wage_disaster.mp3
Category:Business, News & Politics, Education -- posted at: 12:19pm MST

With the republicans in charge on Capitol hill, it seems we might just get some tax reform. Many republicans seem to think that if we can just cut taxes we can get the economy booming and the debt problem we have right now will be no more. This view sounds all well and good but if republicans are really thinking cutting taxes and at the same time growing the size of government will make things better, they are delusional! All government spending is taxation so therefore we need to cut the size of government in a meaningful way!  That’s the only way out of this mess!

Direct download: jmsEp146-cutting_taxes_isnt_enough.mp3
Category:Business, News & Politics, Education -- posted at: 8:53pm MST

69% of Americans admit to have less than a $1000 in the bank! Why is this? Even the retirees out there die broke. 46% of retirees die with less than $10,000 in the bank. That’s not much money when you’re not bringing in income and are relying on savings! There’s no question there’s a lot of factors that have led to the average American being broke and the payment mentality is certainly one of the many contributing factors. In the last 17 years we have seen a 4% rise in median wages and an 89% increase in home prices. So the purchasing power of our wages has gone down so the average American is poorer today! This is the result of government spending hitting record levels! The governments spends money at the detriment to the average American.

Direct download: jmsEp145-Half_of_americans_die_broke.mp3
Category:Business, News & Politics, Education -- posted at: 5:08pm MST

Jared Bernstein, from his new piece at the New York Times discusses what the lefts agenda should be. He makes the case that progressives must remain in waiting and be ready when it’s time to act but always be fighting. All of the agenda items he wants to see calls for more government programs, more regulations, more subsidies for the poor and he thinks this will make life better for the averages American! Has he learned nothing from LBJ’s great society in the 1960’s. This is why we free market types need to continue to learn more as much as we can and become more effective communicators because the fight will continue to go on.


Half of the cost of an electric car is from the battery packs and cost of these battery packs are projected to fall 77% by 2025!  Just back in 2010 it cost $1000 per kWh and today Tesla is doing it at a cost of $190 per kWh. So prices have already fallen significantly and will continue this trend. This is encouraging to see and this is why we don’t need to subsidize and encourage people to go “green.” When the price is right because of production prices have drastically fallen then the consumer will step up to the plate and make the transition from a conventional gasoline engine to an electric car. Isn’t the free market a beautiful thing?


Many conservatives and supply siders seem to think we can grow out of massive debt problems but that is not the case. Even if we achieved economic growth of 3% instead of our current average since 2010 at 2% that will cut the deficit by $3 Trillion over the next decade. That sounds all nice but we will still be adding another $9 Trillion to the debt over that same decade! Entitlements need to be addressed if we want to get serious about our debt issues. Unfortunately for us, the politicians out there will take the easy way out by destroying the value of the currency via inflation.

Direct download: jmsEp142-economic_growth_isnt_enough.mp3
Category:Business, News & Politics, Education -- posted at: 10:19am MST

Capitalism today is seen as a bad word but this is because what people see as capitalism is really crony capitalism! This is what we need to change in people’s minds!  This is not how capitalism really is!  Capitalism is about exchanging value for value. The very wealthy are getting wealthier at a faster pace today compared to every other income group out there because the very rich benefit from an inflationary monetary policy from the Federal Reserve!  We need to stop this cronyism now before it’s too late and all we are left with is an authoritarian regime.

Direct download: jmsEp141-crony_capitalists_destroying_capitalism.mp3
Category:general -- posted at: 11:50pm MST

The crisis in Venezuela just continues to get worse. Riots have been going on for 2 months now and protestors have taken down a statue of Hugo Chavez. The crisis continues to get worse as the government continues to take more and more control. Seizing private property, having majoring ownership in 511 companies and things just get worse for the Venezuelan people. When will people put 2 and 2 together? I won’t hold my breath.

Direct download: jmsEp140-riots_in_venezuela.mp3
Category:Business, News & Politics, Education -- posted at: 1:00am MST

April 29th marked President Trump’s 100th day in office. The importance of the first 100 days is stressed day in and day out in the media but what’s to make of Trump’s presidency thus far? Some libertarians were enthusiastic supports of President Trump. They thought Trump’s foreign policy would be very much isolationist. What we have learned of Trump’s first 100 days in office is that he’s an interventionist domestically as well as internationally. This isn’t good news for lovers of liberty!

Direct download: jmsEp139-Trumps_first_100_days.mp3
Category:Business, News & Politics, Education -- posted at: 1:00am MST

American Airlines now has its own incident and I don’t see the news headlines for this one like we saw with United. An employee of American Airlines hits a woman with a stroller while me pulls it out of her hands and the stroller almost hits the woman’s baby as well. After this incident the employee comes back on the plane and asks a passenger if he wants to fight and go at it. Also, the former king of cable news, Bill O’Reilly is fired from Fox News! In political news, Trump said in a Wall Street Journal interview on April 12th that he thinks the dollar is too strong!  This is why the focus of my show is on economics because the world is full of economic illiterates!  https://www.theguardian.com/world/video/2017/apr/22/american-airlines-employee-clashes-with-passenger-video

Direct download: jmsEp138-trump_and_weak_dollar.mp3
Category:Business, News & Politics, Education -- posted at: 1:00am MST

United Airlines was the topic of media discussion all last week with the bloody Dr. David Dao. There’re some simple solutions that could have prevented this horrible incident from ever occurring! Obviously compensation greater than $800 should have occurred to entice passengers to voluntarily give up their seats. Also, last minute changes to flight crews should be avoided when everyone had already boarded the plane. People are less likely to give up their seat when they’re already sitting it in. The media really has blown this United story to hell and back and most people need to take a step back and look at everything in it’s entirety. Some people like Senator Chris Van Hollan think a government law is the answer! Are you kidding me!?

Direct download: jmsEp137-united_airlines.mp3
Category:Business, News & Politics, Education -- posted at: 1:00am MST

Danielle DiMartino Booth has a new book out on the fed from an insiders perspective. She says many things that Austrians can agree with and other things where she doesn’t go far enough!  She says we shouldn’t get rid of the fed but rather just need more competent people in charge. John Tamny offers critiques on her book but John misses the point in many respects. John Tamny thinks we mainly don’t need a fed because it’s largely irrelevant as it is. The way Mr. Tamny sees how the banking system works would still depend on a federal reserve so I can’t agree with his analysis either.  There’re many opinions on the fed and it seems Ron Paul and Murray Rothbard are the most correct on this issue.

Direct download: jmsEp136-JohnTamny_on_the_Fed.mp3
Category:Business, News & Politics, Education -- posted at: 1:00am MST

Elon Musk successfully launched and landed the recycled rocket, Falcon 9. This is such a perfect example of how the private sector does things better and far cheaper than anything the government can do. The private sector can launch a rocket at a price tag of $200,000 compared to NASA’s cost of $450 million!  Isn’t that insane!? The more money that goes to government than that’s more money that is just being pissed away to the inefficient and wasteful government! Government invests for a political return, not an economic one!

Direct download: jmsEp135-falcon_9_rocket.mp3
Category:Business, News & Politics, Education -- posted at: 1:00am MST

Paul Ryan pulled the vote expected vote for the republican healthcare bill. The republican party is at war with itself. We see the establishment types blaming conservatives for not falling in line. The republican healthcare bill was a disaster and this goes to show that all the republican votes to repeal Obamacare, while Obama was in office was a bluff!  The republicans never did want to fully repeal Obamacare!  Big government only continues to grow under the supposedly “small government” republicans.

Direct download: jmsEp134-republican_civil_war.mp3
Category:Business, News & Politics, Education -- posted at: 1:00am MST

The Federal Reserve raised interest rates for the 3rd time in 10 years at its March meeting. Most of the “experts” out there didn’t expect this rate hike until the week before!  Janet Yellen is more aggressive to raise interest rates simply because Trump is now the fall guy. Trump from his tweets has taken ownership of this economy from the political perspective. Meanwhile in Venezuela, things are getting worse…People are standing in bread lines and the government has decided to make standing in breadlines illegal! And they’re arresting bakers for overpriced bread! Yes, the insanity continues!

Direct download: jmsEp133-fed_raises_rates_in_march.mp3
Category:Business, News & Politics, Education -- posted at: 1:00am MST

People are upset with what I had to say in regards to Indian reservations and capitalism. People today like to see themselves as victims. Once you see yourself as a victim you have already lost!  You have the power to change your thinking at any time and how you choose to let things effect you. Most people don’t get this and they settle for mediocrity in life. The latest jobs numbers released were the first to come out of the Trump presidency and they’re better than Obama’s last year in office. So there’s some optimism out there with a jobs number of 235,000 for February but we’re not out of the woods yet. We are nearing the point at which the bubble is popped and all the malinvestments come to the surface.


Trump addressed Congress for the first time and his speech had a very nationalistic and police state sort of vibe to it. The republicans that were against a big government when Obama was in office, now seem to be falling behind their leader supporting a $1 Trillion infrastructure program! President Trump also suggested five things that he wants to see done with healthcare and it really sounds like Obamacare lite! The only way to reduce the severity of our future economic crisis is to shrink the size of government and there’s no willingness to do this from either side of isle!

Direct download: jmsEp131-Trump_addresses_congress.mp3
Category:Business, News & Politics, Education -- posted at: 1:00am MST

A local radio host at KCTR in Montana, Paul Mushaben, was taken out by the politically correct culture that’s overwhelming the politics of today! He has been indefinably suspended for pointing out the property destruction that has taken place when Native American basketball teams have played other schools in Montana. To boil this all down, what is it that has led to this sort bad reputation from these teams? Race has nothing to do with it!  It’s a lack of capitalism on Indian reservations. When socialism and government dominate society it literally destroys people! When the economic collapse in the United States comes this way, the people who have been sucking off the government teat for years will be in big trouble because they’re not capable of providing for themselves. And how will they react to this? Unfortunately, with violence.    


The stock market continues to hit record highs and the Dow is nearing in on its next target, a 21,000 point DOW. How much more will the markets go up before the big crash? That’s something hard to predict but gold and silver have also been on the rise. Gold is up nearly 8% in 2017 and silver is up 13%. Gold and silver are still not anywhere close to their record highs from 2011. With I high risk stock market, gold and silver at this point, is incredibly cheap insurance! Also, unpiloted flying drone taxis are coming to Dubai this July! This technology is amazing and shows the private sector at work making life better for everyone. Here’s a link to the drone video mentioned on the show. http://www.wsj.com/video/flying-drone-taxis-could-take-off-in-dubai/F329FEAC-2366-4796-9205-72C0344F17D0.html and here’s the article: http://www.economist.com/blogs/gulliver/2017/02/taxi-take-0

Direct download: jmsEp129-stock_market_and_taxi_drones.mp3
Category:Business, News & Politics, Education -- posted at: 1:00am MST

The super bowl this year turned out to be an incredible game with the comeback win by the patriots. Tom Brady, who is arguably the best quarterback of all time, was a 6th round draft pick!  When each NFL team has a salary cap of $155 million a lot of strategy and opportunity cost comes into when putting together a “winning” team. Then we move over to Venezuela and those people are going through a lot and have been for some time now as they are going through an economic collapse. The people of Venezuela are starving to death and are now eating pink flamingos, ant eaters, dogs and cats just to survive!  This is what central planning looks like in all its glory!

Direct download: jmsEp128-Tom_Brady_and_the_patriots.mp3
Category:Business, News & Politics, Education -- posted at: 1:00am MST

The 2,300 page Dodd-Frank bill that was passed into law back in 2010, is seen as a way to prevent another 2008 like event. This line of thinking is totally out of wack with reality and another financial crisis is coming!  Politicians always think if we just add another regulation that will protect us but unintended consequences come with these new regulations and Dodd-Frank is full of them!  The partial repeal of Glass-Steagall is seen as the deregulation that led to the financial crisis in 2008, this is not the case at all!  Even if there never was a repeal of Glass-Steagall at all we still would’ve had the financial crisis in 2008!

Direct download: jmsEp127-Dodd_Frank.mp3
Category:Business, News & Politics, Education -- posted at: 1:00am MST

The GDP growth numbers for 2016 were recently released and it was below expert expectations. GDP growth for 2016 was only 1.6%! The average GDP growth for the last 7 ½ years was only 2.1%! Those are some really lousy numbers! The question is, why has our economy grown so slowly these last 7 ½ years? It’s mainly because government spending is crowding out private sector investment! We need to shrink the size of government! That is how we make America Great Again!

Direct download: jmsEp126-GDP_growth_in_2016_was_1.6.mp3
Category:Business, News & Politics, Education -- posted at: 1:00am MST

On January 20th Donald Trump was officially sworn in as the 45th President of the United States. The 17 minute long speech he gave had a very nationalistic sort of tone to it and that is not a good sign for lovers of liberty.  Obama added $9.3 Trillion to the national debt in 8 years, while Bush added $4.9 Trillion. The problem with our economy today and the problems our country is facing is we’re spending too much money and the government is too big!  Both parties are at fault and the only way to make America great again is by reducing the size and scope of government!

Direct download: jmsEp125-The_Trump_Presidency_begins.mp3
Category:general -- posted at: 1:00am MST

Vehicle discounts increased in December of 2016 to increase auto sales to yet, another record year!  Demand for cars has fallen because the auto bubble is deflating and it took a decrease in vehicle prices to bring people into dealerships. How much longer will this go on? The auto loan bubble will be fully pricked by the time the next economic crisis is here and we seem to be very close to that. Also, companies like Cadillac are offering a new program where you pay a $1,500 subscription and you can drive any top of the line Cadillac car you want. There is no contract, just a $1,500 a month subscription. This new program will begin to roll out on February 1st, 2017 in New York City. Is this the future of the car industry? What’s coming next?

Direct download: jmsEp124-The_future_of_the_car_industry.mp3
Category:general -- posted at: 1:00am MST

Donald Trump is 10 days away from being sworn in as the 45th President of the United States so we have to ask ourselves what will a Trump presidency look like? The way Trump is on twitter all the time saying he will put tariffs on a company that sends jobs overseas is rather concerning. It’s going to be an interesting 4 years of the Donald and I don’t think they will be good for liberty at all.

Direct download: jmsEp123-Trump_and_Twitter.mp3
Category:general -- posted at: 1:00am MST

Thomas Sowell wrote his last column on December 28th and he decided to give it up after about 40 years of doing it!  Sowell has had a huge impact the economic world because of the amazing books he has written over the years!  He’s an extremely gifted writer who writes very clearly, concisely and is just a brilliant mind. A few points he makes in his last few columns are discussed to pay tribute to an incredible mind that has done lots of work defending the free market and making the moral case for capitalism!

Direct download: jmsEp122-Thomas_Sowell_farewell.mp3
Category:Business, Politics, Education -- posted at: 1:00am MST

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