Creating Wealth Real Estate Investing with Jason Hartman

Jason Hartman invites Casey Michel, author and investigative journalist, to speak about his new book which uncovers how the US has created the greatest money laundering scheme in history.

But before that, join Jason at the Wholesaling Mentoring program in Jacksonville, Florida!

South Dakota has pioneered an entire industry of what they call anonymous trusts. South Dakota has taken this to a magnitude we've never seen by creating perpetual anonymity for these trusts. The information of those in the trust will never be shared with governments, with other jurisdictions, tax authorities, investigators, which is why we've seen both Americans and non Americans flocking to South Dakota. $900 billion is the top line estimate in South Dakota, but it's still a question of how many total assets are actually there, who those assets are connected to and what those assets are actually doing after they pass through all the anonymity that the state of South Dakota freely offers.

Casey Michel’s book also talks about illicit foreign money purchasing steel mills, factories and manufacturing plants in places like Cleveland, Ohio, the Rust Belt and the Midwest. They're not revitalizing local communities and bringing jobs back, but rather using those assets to hold and hide funds, using them as part of a broader transnational money laundering scheme. And so what ends up happening is that not only do the jobs never come back, the folks who have the remaining jobs are just laid off, the factories begin falling apart and it’s clear they are never going to come back. These local communities in places such as West Virginia, Kentucky, Texas and Illinois are seeing their economic crown jewels go to complete rot because of this system of kleptocracy.

Towards the end of the broader Cold War period, one could see a sudden surge in the creation of financial secrecy pools and broader economic structuring that incentivized the outflow of illicit suspect wealth from post communist states. These states are linked directly to rising oligarchies and dictatorships that are smothering local populations, looting national treasuries, and making sure bridges, roads, hospitals and schools are never built. And then beyond that, there is no broader free market economy that actually develops in those countries.

http://www.caseymichel.com/

Key Takeaways:

Jason’s editorial

1:03 Introducing American Kleptocracy

3:32 Kleptocracy and Nancy, the worlds best investor

5:01 Join Jason at the Wholesaling Mentoring program. Go to JasonHartman.com/Wholesale

6:06 Winners of the $50 Amazon gift card weekly raffle have 30 days to claim your prize. JasonHartman.com/Ask

Casey Michel Interview

6:30 Welcome Casey Michel, writer and investigative journalist, author of AMERICAN KLEPTOCRACY: How the U.S. Created the World’s Greatest Money Laundering Scheme in History

7:11 What is a kleptocracy?

8:41 Kleptocracy is now a transnational phenomenon, closely intertwined with the broader offshoring economy

9:47 The World Summit

12:10 Incentivizing the outflow of suspect wealth from post communist states

15:15 Private wealth located in global financial secrecy jurisdictions

17:17 The beneficiaries of dynastic wealth have flocked to places within the US

20:32 For every $1 that is given in foreign aid, $3 of untracked, illicit capital leaves those developing countries

21:35 Anti-money laundering regulations across a number of industries except the real estate industry

22:08 Billions of illicit foreign money flowing into London real estate

22:06 25:19 The offshoring world is comparable to a superpower such as the US or China, The sad state of the media today

29:27 Casey Michel's first book AMERICAN KLEPTOCRACY is out now from St. Martin’s Press, Who are the world's biggest money laundering offenders?

34:40 Learn more at http://www.caseymichel.com/

Tweetables:

"Power corrupts; and absolute power corrupts absolutely" - Lord Acton


 
Follow Jason on TWITTER, INSTAGRAM & LINKEDIN
 
 

Get wholesale real estate deals for investment or build a great business
 – Free course: JasonHartman.com/Deals
 

Free White Paper on The Hartman Comparison Index™:
https://www.hartmanindex.com/white-paper

 

Free Report on Pandemic Investing: https://www.PandemicInvesting.com

Jason’s TV Clips: https://vimeo.com/549444172

Free Class: CYA Protect Your Assets, Save Taxes & Estate Planning: http://JasonHartman.com/Protect

Special Offer from Ron LeGrand:  https://JasonHartman.com/Ron

What do Jason’s clients say?  http://JasonHartmanTestimonials.com

Contact our Investment Counselors at: www.JasonHartman.com

Watch, subscribe and comment on Jason’s videos on his official YouTube channel: YouTube.com/c/JasonHartmanRealEstate/videos

Guided Visualization for Investors: JasonHartman.com/visualization

Jason’s videos in his other sites:

JasonHartman.com/Rumble

JasonHartman.com/Bitchute

JasonHartman.com/Odysee

 
 
Real Estate News and Technology: https://www.youtube.com/channel/UCPSy…
Direct download: CW_1844_American_Kleptocracy_v1.mp3
Category:general -- posted at: 1:00pm EST

1