1864: Davos Man: How Billionaires Devoured the World, Peter Goodman Part 1, Independence Day Inflation

Jason Hartman wishes you all a very happy 4th of July celebrating the independence and constitution of this great country and gives you the latest numbers on the biggest scam of all - inflation! He reports the latest CPI inflation numbers to see how much extra your Fourth of July BBQ will cost you this year. 

Today’s guest is Peter S. Goodman, Global Economic Correspondent for The New York Times and they discuss his new book: Davos Man: How the Billionaires Devoured the World. Is the World Economic Forum conference in Davos a serious discussion about climate change and injustice or just a chance for billionaires to get together and do business? 

The World Economic Forum institution was started by German economist Klaus Schwab back in the 70s, on the proposition that if you got businesses and governments together, you could solve a lot of problems. He's into public private partnerships. He's into Win Win solutions. But along the way, it has become, under the guise of a nonprofit foundation, a highly lucrative enterprise. And Schwab brings in heads of state from around the world to meet with billionaires, public intellectuals, a whole lot of journalists, the odd Hollywood celebrity, musicians etc. But according to Goodman, it’s a charade; they are there to do business.

Key Takeaways:

Jason's editorial

1:26 Happy Independence Day!

2:59 The Importance of our fantastic constitution

5:13 Recent Supreme Court rulings

7:21 Inflation: the biggest scam of all - the latest CPI numbers

9:42 Housing inventory numbers are up

11:09 Learn where to invest at JasonHartman.com

12:16 Income and housing prices are non correlating indicators

15:02 Get a free portfolio makeover!

Peter Goodman Interview

16:15 Welcome Peter S. Goodman, Global Economic Correspondent for The New York Times, author of Davos Man: How the Billionaires Devoured the World

16:49 World Economic Forum conference in Davos - is this a shadow government?

18:48 Rent-seeking behavior in Davos

19:44 The WEF was started by German economist Klaus Schwab back in the 70s

20:52 A chance for the billionaire class to virtue signal

22:56 Who is the “Davos Man?”

25:15 Marc Benioff, philanthropy, Trump tax cuts and capitalism

27:38 Big companies avoid taxes by using foreign subsidiaries

32:44 Christian Smalls, Amazon warehouse worker

35:25 “Davos Man” makes himself the solution where he is the problem

39:44 Bankers get bailed out, but homeowners don’t

 

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