Justin Mohr Show

The midterm elections have come and gone and the Democrats have taken the House. Now this isn’t all so bad. Divided power is good because this means “gridlock” and less destructive laws will be passed. Electric scooter companies like Bird are being banned in some progressive cities just like Uber once was when it was seen as destructive to the taxi industry. These scooters are a brilliant innovation of the Free Market and here comes the government trying to halt progress! This episode covers a lot of the crazy rational given by these progressive cities for their “brilliant” move to protect the people.


$1.3 Trillion was added to the national debt in fiscal year 2018 alone! 2018 was Trump’s full fiscal year as president and with a deficit that large I wouldn’t call that draining the swamp!  How are we ever to get our economy on a sustainable path when we spend like drunken Democrats and Republicans!? We’re also set to spend $7 Trillion on interest payments alone in the next decade.  How’s that for sustainable?


The Fed has raised rates to the 2-2.25% range and this is the 8th rate hike since the fed began raising them in 2015. Fed Chairman, Jerome Powell, has given several speeches in the last week and there’s several insights we can gain from Mr. Powell just by reading closely into what he’s saying. Folks, this guy is completely clueless about the next economic crisis brewing out there. We are nearing the end of this super bubble.  

“Blown Away” Kevin MacLeod (incompetech.com)

Licensed under Creative Commons: By Attribution 3.0

http://creativecommons.org/licenses/by/3.0/

Direct download: jms183-fed_raises_rates_for_8th_time.mp3
Category:general -- posted at: 8:11am MST

Argentina is facing some huge hurdles economically while the average citizen is getting poorer due to 30% inflation rates! They have 60% interest rates and just a few weeks ago when I was in Argentina interest rates were 45%. Things are spiraling out of control fast and I will keep you updated with this story the media isn’t talking about.


The crisis in Venezuela has only gotten worse and the IMF sees 1 million percent inflation by the end of the year. The inflation rate currently, is around 40,000%. The only good news we have heard is the President of Venezuela, Maduro, admitting that their models aren’t working. No kidding! Will people in the U.S. and around the world learn this lesson from Venezuela that Socialism doesn’t work!


Venezuela is experiencing 25,000% inflation this year and people have now turned to barter. This only makes sense. Why use a medium of exchange that can’t serve as well… a medium of exchange! This is why it is crucial for you to own physical precious medals like gold and silver!  Be ahead of the masses and by the cheapest insurance you can buy!

Direct download: jmsEp180-venezuela_and_barter.mp3
Category:Business, News & Politics, Education -- posted at: 10:35pm MST

The Federal Reserve has raised rates for the 7th time in a decade. The latest FOMC statement and the Fed’s move here tells us a lot.  The Fed really does believe the economy is strong and that it is fundamentally and structurally strong. The Fed thinks the band aids put on our economy in 2008 actually fixed things.  This sort of arrogance is very destructive and will lead to the next collapse. Stay tuned.

Direct download: jmsEp179-fed_raises_rates_7th_time.mp3
Category:Business, News & Politics, Education -- posted at: 11:34am MST

Recently, a 5th New York City taxi driver has committed suicide. Many of these taxi drivers own the once coveted $1 million taxi medallion the problem is that currently those taxi medallions are worth $175,000!  These taxi drivers are deep in debt and feel they have no way out!  Uber and Lyft definitely have increased competition for people needing rides but the real reason these taxi drivers are hurting is because of government! It’s government that created the taxi monopoly in the first place and gave value to these silly medallions to limit competition! How is the government ever for the little guy when the rules and regulations imposed by government make services to the consumer more expensive?

Direct download: jmsEp178-Taxi_medallions.mp3
Category:Business, News & Politics, Education -- posted at: 8:56am MST

The sign of massive bubbles blowing up in the economy is evident with the cruise ship industry. This Royal Caribbean has came out with its new ship, “Symphony of the Seas.” It’s the largest cruise ship the world! This sort of event is consistent with the Austrian view of the Business Cycle. Listen to this episode as I explain why an economy booms and why it busts. Recessions are also the necessary correction phase to actually have a firm foundation on the economy. I explain all this here and more so don’t miss it!

Direct download: jmsEp177-The_Cruise_Ship_Curse.mp3
Category:Business, News & Politics, Education -- posted at: 6:59am MST

The yield curve is continuing to flatten with 2 year treasury bills at the highest they’ve been since 2008! The yield curve inverting is a very strong predictor of a recession. So how much longer will this tightening cycle by the FED go on until this bubble pops and the inevitable happens? When this bubble pops, 2008 will seem like a nonevent.  Please protect yourself and be prepared.

Direct download: jmsEp175-inverted_yield_curve.mp3
Category:Business, News & Politics, Education -- posted at: 9:35am MST