Robert Kiyosaki - The Next Global Financial Meltdown: It's Closer Than You Think!

Full transcript: Robert Kiyosaki on London Real

2:38 This is London Real. I am Brian Rose. My guest today is Robert Kiyosaki, the entrepreneur, investor, financial expert, and author of the globally renowned bestseller Rich Dad, Poor Dad, the number one personal finance book of all time. Robert, you’ve dedicated your life to challenging the way tens of millions of people around the world think about money and investing. For the past 12 months, you have warned us about the prospect of an economic crash that will be greater than anything we have ever known before, one that will leave many people living in poverty. You have predicted that Bitcoin could now hit $135,000 next year, and when the Fed introduces their central bank digital currency, it could become priceless. You have warned that America is now bankrupt and one of the most corrupt nations in the world, while President Joe Biden is the worst leader in U.S. history.

3:33 Robert, welcome back to London Real. Thank you. And for the audience to know, you and I are from the same part of the world. And Brian, I didn’t know who Brian was, came all the way out to Phoenix, Arizona to say hello. I mean, we’ve been friends ever since then because our mission is the same. You know, mission of Rich Dad is to elevate the financial well-being of humanity. And yours is very similar. Yeah, it’s so true, Robert. And we’ve been having these conversations for five, six, seven, eight years now. And our conversations have been watched by tens, if not hundreds of millions of people around the world. And maybe it’s because we’re both trying to transform in our own ways. We both reject the status quo and question everything that’s thrown at us. And I can’t wait to jump into everything that you’re talking about right now. Where to start? I maybe want to start with this. Robert, for decades and decades, the financial planners of the world told Americans that they should have this 60-40 split of all of their savings and invest and in pension. And when I went to the MIT Sloan School of Management, I’m sure I was taught that in my finance courses. When I started on Wall Street, I’m sure the bank put most of their clients into 60% bonds, 40% stocks, hoping that one day their money would still be there. In 2022, I think we saw a complete collapse of that system. Not only did the bond market lose money, the stock market lose money. And it looks like that probably

5:09 Always was a terrible strategy and maybe now even more so. Recently, you have called for 75% of the portfolio to be gold, silver, Bitcoin, 25% real estate and oil stocks. Robert, what is the new reality of asset allocation? What do people need to know out there? Are there pension funds and savings? Are they worthless now because of listening to people on Wall Street? What’s the state of finance? Well, I was going to ask you that because Brian comes from the upper world there, the city of London and Wall Street. I was a little dog on the street, you know.

5:48 I carried this coin around here. This is a 1964 Kennedy half dollar. It’s pure silver. Today, this half dollar is worth $10. This here is a US dollar. This here is gold.

6:08 Back in 1972, I bought my first gold coin. I was in Hong Kong. I paid $50 for this. 50 of these for one of these. Today, it takes 2,200 of these to buy one of these.

6:25 Did anything change? This is toilet paper. And my whole concern is that’s why in rich dad, poor dad said the rich don’t work for money. Savers are losers and your house is not an asset. And what’s going on in technology today, as you know, with Bitcoin and all that. We have AI coming on board. Unemployment is going to go through the roof. And what is our accounting on this here? So when I go on programs, I always hold this up here. I go, this is silver. This is real. This is gold. This is paper. Which one today? This is October 2023. Which is the better investment today? Would you rather save this? Would you rather save gold? Or would you rather save silver? 95% of people choose paper. It’s going down in value, but people will actually go for this. They’ll spend their whole lives working for this. And as you know, the pensions, who was your prime minister for 30 days? Oh, yeah. What’s her name? Liz Trus. Yeah.

7:42 Your pensions are gone. Yeah. So that’s my generation. In America, I wrote a book called Who’s Stole My Pension? Wall Street sucked the money out of our pensions. So my generation, the boomers, what are they going to go for? And today, America is the number one debtor nation in the world. It’s going to take $8 trillion to pay off our debt. We only collect $7.8 trillion in taxes. America’s bankrupt. So I’m saying here, Brian, and you have been friends for years, where the end of the American empire, and we’re here at the British empire, and the empire changed from England to America. America was founded, as you know, on a tax revolt.

8:31 It was called the Boston Tea Party. It gets you British off our backs. We don’t want to pay taxes. So the American empire is dying. It’s China next. And China’s in bigger trouble as we are.

8:45 The real estate market is plummeting, the unemployment is high, the youth can’t find jobs, and the money is going bad. So today I ask your viewers, this is called paper. This is called silver. This is called gold. Which one would you want to save?

9:05 Most people choose this. That’s how brainwashed they are, because the school systems haven’t taught us anything about money. They don’t trust gold. They don’t trust silver. But they trust a piece of toilet paper. I can’t believe it. So our biggest problem is the lack of education, which is where you and I are simpatico. We need to educate people about what this is.

9:30 So which one of you think was the best investment today, Brian? Which one of those? Gold, silver, or? Toilet paper. Man, I’ll take the real assets every single day.

9:39 Which one I think is better, silver or gold? I guess I’ll take silver. Same with you? Absolutely. Because it still has more room to grow the silver.

9:51 It’s intrinsic value, it’s called. Okay. It’s used in science and technology. And every, it has industrial use. Right.

9:59 Water purification, medicine, every EV coming out, Tesla’s, take this, batteries. Every Tom Hawk missile, unfortunately, fired today, has 14 pounds of silver in it. And so this is disappearing quickly. This, all of it remains. But this one here today is about $35.

10:24 U.S., October 2023. Would you pay $35 for this? Most people won’t. They’ll hang on to $35 of this. That’s why they’re poor.

10:36 Robert, let’s talk about this brainwashing. Because the U.S. dollar, I’ll get that later, the U.S. dollar, I mean, it’s got the greatest marketing campaign that was ever created. It literally is brainwashed, not only U.S. citizens, but global citizens. I mean, how many babushkas in Russia have dollars stuffed under their mattress? How many people in Africa have dollar bills stuffed? Because they were taught and brainwashed as a kid that the U.S. dollar was the most secure way to store your money. How was this, you know, how was the world duped in this way to believe that that piece of paper, which they can print at will, and we saw massive printing during COVID and lockdown, you literally showed how that 50 cent coin is now, you know, it’s now $10 and where I would only get 50 cents for that thing 20 times.

11:27 It has been basically inflated since then. How was that pulled off on what should be very smart individuals? Because I’ve met people with high IQs that all they do is save their dollars. I’ve met people in finance. I knew people on Wall Street, Robert, that didn’t understand this concept. They also didn’t know what the Fed was. And yet they worked in this business and all they did was save dollars. And what I say this here is gold and silver are God’s money.

11:58 It’s part of the periodic table. This and then, excuse me, there you go. God’s money because it’s a real asset, right? I’ll give you that back. So in our words, in finance, there’s no counterpart of your risk. What happened in 71 was everybody said the US bonds are money. What’s happening to the bond market today?

12:29 It’s a terrible shape. I mean, long term yields are over 5% and everybody got crushed on bonds caused the failures of banks this year because the bonds came off. Because we were brainwashed by Wall Street, by the city of London, to believe that bonds are as good as gold. And then when this guy Powell, the Federal Reserve Chairman, raised the interest rates, the bond market collapsed. Three banks went down immediately.

12:57 More is set to go. There’s 732 banks in America on Death Watch. And then they’ve stopped lending money because nobody wants the bonds. So if we stop lending money in America, what happens to the world? And then the J.P. Morgan’s and the Citibank’s are smiling the whole way because they pick up those assets on the cheap. And when they saw some of those leaked memos recently, they were talking about J.P. Morgan, which they said is basically the defacto arm of the government. Yes. But what happened yesterday? What happened yesterday? A man named Jamie Diamond. Yeah. Started selling his own stock. He sold a million shares of J.P. Morgan.

13:46 First time ever. Now, people watching this right now say, what does that mean? Suppose the smartest guy on Wall Street, Jamie Diamond, just sold a million shares of J.P. Morgan. He put $140 million in his pocket.

14:03 God, what does that mean? What does that mean? It reminds me of a picture I saw. It was a cartoon. It’s an airline. All the passengers are in their seats, and they look up, and the pilot’s strolling to the back with parachutes on. That was Jamie Diamond. He’s jumping out of the bank.

14:26 So when the banks go with your professional elevation of seeing the bank from the inside, what’s going to happen if J.P. Morgan goes down? Well, yeah. The world goes down. The whole world goes down. I mean, famously, J.P. Morgan bailed out the U.S. government over 100 years ago. I mean, literally, that’s how important of an institution was. It’s bailed out the government itself. Please say that again. That’s why J.P. Morgan was, what did the original J.P. Morgan do? Yeah, he bailed out the U.S. government because they were going bankrupt. And he had more assets than them, and he loaned them money to save them from defaulting on their own debt before they learned how to print money.

15:06 Correct. Right. And so it’s a massive institution that has only gotten bigger and bigger over the years. And as these banks go under, they acquire all their assets and their customers. And again, I think it was during the Epstein investigation, somebody called them a de facto arm of the U.S.

15:23 Government because they’re so big and so interlaced with everything the U.S. government does that they said it’s very hard to draw the line between those two. That’s a scary concept in itself. So Jamie Dimon is a pilot with a parachute on. You’re sitting in your seat having your horrible airline food meal, and there goes Jamie Dimon with his parachute on, and you’re going to save this. So as I ask, I’m always testing people, which would you rather have? This, this, or this? They want that. I know. I know, because we’ve been brainwashed into thinking the U.S. dollar is everything, save our money.

16:05 And so that’s because there’s a lack of financial education. Schools teach us to be poor. It’s actually intentional misinformation. Right. Misinformation, right. To get us to buy into the banking system, the pension system, to our lack of needing to understand everything.

16:20 Yeah. This is something I teach my students, and you’ve been talking about in your books for decades, is that they teach us to, well, they not only teach us to be poor, they give us the misinformation. They teach us that we’re too stupid to understand our money, and you have to trust your money to the smart people on Wall Street. You also have to trust your health to the smart doctors. You have to outsource everything, and then you become controllable.

16:44 And so now you fund all the mishaps that’s happening in the government. And so the first thing people need to understand, and this is back to one of your books called Fake, is they need to own real things, right? And that’s why you’re always talking about gold, silver. You include Bitcoin in there, real estate, commodities like oil. Oh, my favorite story is I’m Japanese. I’m fourth generation. I don’t speak Japanese.

17:10 I grew up in Hawaii. And I was 15 years old. I’d go to the dairy, and in the dairy they have a bull. Here’s a huge bull sitting there. And that guy’s only job was when a cow went into heat.

17:26 They’d drag it into him, and he’d jump up, and he’d have his way with that old cow. I’m going, ooh. So I’m 15 years old. I’ve even kissed a girl yet, you know? And this bull’s up there humping away. I’m going, I want his job. You know what I mean? So I laugh about it today, but you’re a kid. You go, well, that looks like fun, you know? So today I invest in Wigoo bulls, Japanese breeding bulls. So do I get paid? What do I get paid for? I get paid for, they bring the cows in. I get paid for the semen. A real asset. The Fed cannot print semen.

18:12 Robert, I love talking to you because you’re so irreverent. I love it. You don’t make them like you anymore. All right, so real assets people need to always remember. I think the Fed cannot print. Right, okay. And you don’t trust Wall Street, you don’t trust the stock market, anything the Fed that can print. Can you tell me about Bitcoin? You just called out $135,000 price target for Bitcoin. You were an early adopter of Bitcoin and Ethereum because you saw those as real assets that couldn’t be printed. Tell me about how you feel about Bitcoin now, that price prediction, why you think it’s going to be an important asset class as more of this nonsense printing goes on. Well, it’s not so much Bitcoin, it’s blockchain.

18:56 And if you look at a financial statement, you know, one of the most important things is, have you been audited? So like, you know, like when Trump was running against Hillary Clinton, you know, she was giving Trump all kinds of grief. And Trump says, I’m audited all the time. The Trumps aren’t audited. I should tell you something. I don’t think Biden’s been audited.

19:21 Oh, the Clintons are audited and Biden’s not audited. Okay, right. So a capitalist would welcome an audit. That’s the big difference. So Bitcoin or a blockchain is like a continuous audit. You know, Sam Bankman freed of FTX and all that other stuff he did.

19:43 Nobody was auditing his books. God, whether they’re strange looking people I ever saw in my life. Jeez. I mean, but Brian, Brian, how did a doofus like Sam Bankman freed, full people like Mr. Wonderful and, you know, Shark Tank, what’s his name? Kevin O’Leary.

20:03 Yeah. Yeah. How do you feel, feel a full Jim Cramer of CNBC? I think Jim Cramer called FT Sam Bankman freed the next JP market. How did such a goofy looking kid with a strange looking girlfriend fool some of the biggest money guys in the world? I want to know that.

20:23 And Sequoia Capital and some of the biggest VCs that literally lost tens of billions of dollars. Um, yeah. How did that happen? This is how it happened. Everybody had a fear of missing out.

20:35 And he was considered the whiz kid in this brand new industry. You’ve seen it happen so many times with new technology, whether it’s internet or crypto, there’ll be something else in the next 10 years. Well, Max, Max Kaiser, our friend, yeah, was in that same category. Right. Because he’s been telling people to buy Bitcoin forever. And now he’s the genius. Yes. Yeah. And he never, he never was never was a fan of the FTX. You know, I know a guy named Dan Tapiero, who has a billion dollar fund and he’s been on the show many times. We’re investing in his fund and he passed on FTX and he showed why he said, look, there was no board of directors. It had his dad on it. He said they wouldn’t give us financials. He said, when I pushed them, they act as if they were doing me a favor. And Dan’s an old school macro guy. And he just said, I’m passing on this. And so the people that did their due diligence saw right through him, but the people that wanted to get on the hype train and crypto was going up and up a bit like the tulip crisis. And Sam back. My feet is a genius. They all had to believe that one.

21:37 Yeah. And I tried to get them on the show and I couldn’t even get them on the show. You know, I couldn’t, I never actually had the conversation with him, but it was going up and the prices were going up and everybody just went all in. And this is what humans do sometimes. But again, it was fake. And so you like the blockchain because as you said, it’s a public ledger, which means it’s like a real time audit all the time.

21:58 That’s a good point, Robert. So you can always see every transaction. You can see with Bitcoin, there’s only 21 million coins. There’s not going to be any more. And it has real time price discovery.

22:08 You can’t close down Bitcoin like the stock exchange does when it goes down limit 5%. It literally shows you the price 24 seven. And in that sense, it’s transparent, right? And it’s a real asset and there’s not going to be any more made. Well, it’s got integrity. Yeah, it does. And right now, asset managers are looking at it and seeing it as a non-correlated financial asset.

22:31 This last week, Bitcoin went up 13%. The stock market went down. And they say that portfolios now potentially going to put one to 4% of their assets in Bitcoin, which could mean anywhere from 1 trillion to 15 trillion dollars going in this space, right? A bit like people put money into gold and silver when they finally realized these dollars are suspect. So people listening us, you need to ignore everything you’ve been taught since you were a kid.

22:56 The almighty dollar is not almighty, even though most people are saving their money, putting it in dollars, they’re buying homes, they’re doing all the things. Well, in America, it’s called a 401k. Right. You call it pensions. It’s called the guilt market here. Oh, yeah, the guilt is the bonds. And then we have our pensions on the back of that. Yeah, I don’t trust them. Yeah, you don’t. Okay.

23:23 I mentioned CBDCs when I opened up. What do you see there, Robert? Central Bank Digital Currency. It’s a way, and this is already being done with the Chinese Yuan. They’ve already rolled it out.

23:35 And from what we see, it’s as dark as you would think. But a CBDC is a way of them monitoring your money and potentially censoring your money. It’s more than money. Tell me. CBDC is big brother. Everything is coming true, Brian. Like when I wrote Rich Dad Toward That 25 years ago, I hoped I wouldn’t be talking to you today about this. But I wrote it as a house is not an asset. Savers are losers. The rich don’t invest in money. I mean, don’t work for money. So I work for assets. Assets produce money, like Jeff and I.

24:16 But do some money, like Japanese Waigu breeding bulls. Love those guys. They’re having so much fun and I’m getting a rich. There’s a God someplace. It’s my dream come true.

24:33 It’s a beautiful thing, Robert. Send me some videos. And so you saw this a long time ago, and you didn’t you were hoping this wouldn’t come true. Did you ever imagine it would be this bad 25 years later? The worst thing about it, this is it. You and I both Americans by birth.

24:56 How do we get so corrupt? This guy Biden, Trump is my good friend. I have tremendous, we want two books together. His sons and I are really good friends.

25:09 There’s no two Donald Trumps. He’s a politician. But what you see is what you get. He opens his mouth, inserts his foot, has a good time. You know what I mean? But when he lost to Biden, what was Biden’s first act? He cut off the Keystone XL pipeline. Now I went to the merchant raid academy. I’m an oil tanker driver. I’m an oil man. I studied oil at school.

25:35 When Biden, it was his first act, 2020, whatever it was, he cut the pipeline. I was selling oil. Oil is another thing the Fed cannot print like bull semen. I love oil and bull semen are the same things to me. When Biden cut the pipeline from Canada to the Gulf of Mexico, I was selling oil at $30 a barrel. The next day, oil went from 30 to 130. What did I do for inflation? When Biden did that, then he blames the Russians for it, blamed Saudi Arabia for it. Meanwhile, Mom and Pop are now trying to figure out how they’re going to fill their SUV.

26:20 They’re sitting at the gas pump. This is going. Biden’s thing is Trump’s fault. You’ve got to cut the pipeline. The American people are that stupid.

26:30 They don’t know that all economies run on oil and gasoline, you know, diesel. When Biden did that, he intentionally set it up, Brian. This is my opinion. I could be wrong. Hope I’m wrong. America’s going to revolution, rich and poor. The gap between the rich and poor is now too wide. In America, I was in Mumbai a month ago, India. I was speaking to the Mumbai audience and said, I see slums here in Mumbai. I see slums in San Francisco now.

27:07 I have a property in Portland, Oregon. My tenants couldn’t get to the property because the city wouldn’t clear the homeless away. Because they don’t want to defund the police. They’re not going to clear the homeless out. So they’re crushing capitalism. It’s a long way of saying it. There’s something strange going on here. This guy, Biden, is a puppet. His son collects money. He’s a bag man for the Ukraine, Russia, and China. His computer, his laptop goes missing under FBI custody.

27:46 What did you think, Brian? Oh, the FBI misplaced a presidential candidate’s son’s laptop. Did you think they actually misplaced it? I mean, when you look at what was happening there and the fact that they suppressed that story from all the social media networks and all the papers, I mean, it’s criminal. It’s criminal. And that would have changed that election, for sure.

28:11 And so it’s just sickening the way all of that is complicit. And when he also killed the Keystone pipeline, he made America now reliant on others for oil and natural gas. And guess what’s happening right now? Look what’s happening in the Middle East. And I want to get your thoughts on that soon. But you’ve got 20% of oil and up to 25% of natural gas going through the Strait of Hormuz. I was just in Dubai last week. If that gets shut down by Iran or anybody else, America has problems on top of other problems. And then you can track it right back to the fact that the drilling stopped in America and it was made harder to. And so, yeah, I mean, when I ran to be mayor of London, I looked at the mayor and I thought he’s actually trying to ruin this city with all his policies. And it does look like somehow that’s what Mr. Biden’s been doing. And it goes back to what the school teaches about money. Nothing. Nothing. Just work for this.

29:08 Right. Trust. Work for that. Do everything we say. And we’ll devalue it whenever we want. We’ll print it as much as we want. And you are going to suffer as a citizen because you’ll have no pension. You’ll have no savings. You’ll own nothing. And then we can control you. Yeah.

29:22 And I want to get into Marxism later and also find out what’s going on with you and ASU. So CBDC, we should be very concerned because… This big brother is watching. Right. It’s a way for them to watch. You think it’s anything else than that. You’re naive. Yeah. I just recently reread 1984 by George Orwell. He wrote it right near where I live in Hampstead. And this book is darker than dark, dark. All right. It’s a surveillance state, high tech surveillance state where everything is watched all the time. CBDC is their way of monitoring and watching every little thing you do. People talk about, I don’t want you to know my browsing history.

30:00 If I could see your spending history, I know more about you than anything else. And if the government can see that and censor it based on whatever you spend it on, it’s the scariest thing ever. It’s the biggest threat to freedom we’ve ever had on this planet. Right. They’re trying to take this out. Yeah. So they can surveil. Okay. So we got to fight back against that.

30:24 Let’s talk about war. Joe Biden just asked for more money for the war in Ukraine and more money for the war in Israel. What do you make of this current situation right now with the US now potentially getting into two massive war situations and potentially going to World War three. You flew helicopters in Vietnam. You went down three times. We’ve talked about this before. Robert, you know war probably better than any guest I’ve had on this show.

30:52 It’s the most tragic thing there is. Like, you know, in America that own here, London, the Palestinians are protesting, Israel, Israel’s. And as I was taught, all coins have three sides, heads, tails and the edge. And I looked into the Palestinian side. They’re justified. I’m not pro Palestine. I’m not pro Israel, but there was a guy named Norman Finkelstein. He wrote a book called Gaza. He’s a Jewish guy trying to tell the world what the Jews are doing to the Palestinians. I thought that was pretty novel. And that could cause on a books. I write books.

31:34 He said, Oh, I’m going to expose the Israelis. I’m not taking sides. I’m saying, please hear me. She says, I want to expose what the Israelis are doing to the poor. I’m going to expose Palestinians. He says, I wrote four years of my life. I wrote this book. Didn’t sell a copy

31:55 As an offer. I nearly died. And this poor guy dedicates his life as a Jew saying, this is what’s going on on the Palestinian side. I think he’s going to go up for a sainthood next. I think Norman Finkelstein, you can’t get much more Jewish than that. You know what I mean?

32:15 But always those two sides. Yeah. And we’re in trouble. What about war? I mean, when you see this happening, like how do you feel watching what’s going on in Ukraine or watching what’s going on in Gaza now? I mean, you’ve been there before.

32:30 You know, we’ve seen America fail when we’ve gone into Afghanistan and have to retreat in the way we did, you know, with Biden. You know, you were in Vietnam. You saw the way that we had to leave that country. You know, how do you feel when you see these actions happening? I’ll just tell you a story because the stories tell it best. Yeah. 1965, I went to a school in New York, the March Marine Academy, to be an oil guy. I drive oil tankers for Standard Oil.

32:58 But I volunteered for the U.S. Marine Corps to go fight. And the reason I went to fight in Vietnam was because when I was at the academy in New York, I was 18 years old, when I was 19, the academy sent me to Vietnam. It was called the Mid Shipman. It was our year at sea.

33:16 So I arrive in Vietnam. The war is just starting. And so I go ashore at Cam Ranh Bay. It’s dusty and sandy, you know. And I say, what’s a Viet Cong? You know, I asked this bartender, what’s a Viet Cong? He says, oh, this too is sitting right there. The enemy is sitting right there.

33:38 So I walk. I’m 19 years old. I didn’t know anything. I walk around and say, hi, how are you doing? And these two guys with same age as me, it was almost like a rugby game, you know what I mean?

33:52 I’m going to get you, you’re going to get me. And we shook hands. I said, I’ll be back. He says, we’ll be waiting. And so in 1972, I’m flying a helicopter gunship into Vietnam, thinking about those two guys. Would I kill them? That was the question. But that’s what war makes you do. It makes you question your whole values as a human being. And so that’s why I was at the Rugby World Cup in Paris, you know, and all that. The South Africans are there. The Kiwis are there.

34:33 We’re all shaking hands with each other. You know, South Africans are saying good luck, New Zealand. New Zealand is a good luck South Africa. But this in war, it’s kill each other. So it’s a warrior’s game. That’s why I love rugby. I played for Blackheath and all that out here.

34:52 I love the game. But the answer to war is, what would you give your life for? And the saddest days of my life as a carrier pilot, we’d launch, you know, flights of three and four. And there were some days, a roommate doesn’t come back. They’d be like, you’re not coming back one day ago. What happened to Brian? What happened to his co-pilot? What happened to his crew?

35:21 You never see him again. That’s what war is. I don’t hate my enemy. I do miss my friends. And by the way, my roommate from Vietnam, he was up for Speaker of the House, General Jack Bergman. And so, you know, it’s part of the culture of the warrior. So General Jack Bergman was running for, was up for Speaker of the House because America’s coming apart, as you know. The Republican Party is a mess.

35:53 But we’re at war all over right now. And that’s what terrifies me. And war is a serious business because people die and people don’t come back. And when the public sees it, it’s just a kind of bunch of numbers. But like, more than you know, when money goes bad, war is the next alternative. Right.

36:15 Throughout history, when the money went bad, war was the next step. Max Keiser says that all wars, all deemed from the fiat money system. Yes, he’s correct. Because I went to military school. That’s what we studied.

36:32 Like I said, in 1965, I read the Communist Manifesto. 1966, I’m in Vietnam. And I’m sitting having beer in the hot sun in Vietnam, talking to do Viet Cong. What’d you guys talk about? Women.

36:51 Yes. And you knew that one day you would be fighting because of probably a fiat money system and two superpowers fighting over some real estate. No, we weren’t that, we were kids, you know. Right. Nineteen years old. It was just strange, Brian. I didn’t hate these guys.

37:07 Right. Like, I don’t know if the Palestinians hate the Muslims at all. But in a bad situation, that’s what happens. You become pawns in someone else’s war or someone else’s fight, which is ultimately about money and power. And maybe it comes down to printing things like this.

37:25 So let me give you a pitch here, okay? Okay. You have three choices. Silver, gold, or this, right? And then people say, well, what happens if this fails?

37:36 The dollar’s so damn strong. I don’t think it’ll fail. But there’s rumors that it might fail. So the question is, what happens if the dollar was passed from the English pound to the dollar? What happens if this fails?

37:51 My answer is the 5 Gs. Somebody wants the 5 Gs. Number one, you got to have some gold. Number two, ground, real estate. Number three, grub, food.

38:06 Number four, gas. Number five, guns. So if this breaks down, it goes to 5 Gs. So I have all 5 Gs at home. Right.

38:19 All right. So that’s ground, gas. Gold. It’s gold. Ground.

38:23 Ground. Real estate. Right, yeah. Gas, grub, food. Food and guns.

38:29 Guns. Yeah. Yeah. It’s kind of does. But it’s important.

38:36 You know, I had a… Something like this. Every person my age right now, when they lose their pensions, and you can’t put food on the table. Well, what about this guy, Obama? He’s a guy that spearheaded a student loan debt.

38:53 So now America’s students, the number one asset of America today, is student loans. Thank you Barack Obama. You and Michelle. They made it so that it’s $1.8 trillion. Our teenage kids are now in debt.

39:10 It’s the number one asset of America today. Why didn’t somebody question Biden and Obama about that? Do you know what I mean? Just look at it. It’s a financial statement.

39:21 Yeah. Number one asset, student loans. It’s scary. I mean, it’s scary what happens with American education now. This student debt, I mean, the cost of university is ridiculous.

39:32 I mean, it’s 60, 80, $90,000 a year. And you’re financing a big chunk of that with student debt that can never be defaulted on, even in bankruptcy. Follow around the rest of your life. Say that again. It can never be defaulted on, including in bankruptcy.

39:51 It will follow you around. What Brian is saying, sports fans, the worst, I’m a professional investor. I’m a billion dollars in debt, but I bought real estate with it. Would I touch a student loan? No.

40:06 As a professional investor, student loan debt is the worst. And they’re doing that to our kids. Good point, please. No, you’re right. You’re doing that to our kids, which means they’re going to probably take decades to pay that debt off, which means they’ll be owned by the government in another way, not to mention their currency.

40:26 And then on top of that, they’re being taught Marxist values in the universities. I know. It’s like a bad movie. I’d rather do the Japanese breeding bull out there right now. I’m going to go watch your wagyu bulls, I think, instead.

40:39 And so, yeah. And so let me just take a pause. For people that are listening to us right now, Robert, that are starting to see what you’re talking about with that dollar in your hand and the gold and the 5Gs, what can they do right now to try to get off of that system, to try to start changing the way they think about money and investing? Is it to buy that first piece of gold? Is it to start getting some real assets?

41:07 What can they do if you’ve just woken them up and they’re like, okay, I’ve been brainwashed? Well, number one, I always say, I don’t make any money selling this stuff here. I do have a board game, cash flow board game. It’s amazing. Get educated.

41:25 Know what an asset on liability is. That’s step one. But the most important thing, why not become an entrepreneur? Like, I’m always starting new businesses. I bought a gold mine in Utah.

41:41 The richest gold mine in America was built in 1848. I got us only $2 million. So I’m an entrepreneur. I bought the gold mine. So the question I ask people is, everybody can afford this.

41:55 How do you afford a gold mine? Everybody can afford this. It’s only $2,000. How do you buy it? It’s actually a $26 million gold mine.

42:05 Entrepreneurs can do it. It’s up here. And you got to take care of this here. And that’s the advantage you had being classically trained. I had to go like a dog in the street to figure it all out.

42:21 So when I see this, when I look at this here, this is $35. Everybody can afford that. I bought a gold mine in Argentina. It’s only the size of your thoughts and your skill set. But they don’t teach you that at school.

42:39 They teach you to work for this toilet paper. So our education system has a lot to answer for. The size of your thoughts, is that what you said? Yeah, you got it. It’s the size of your thoughts.

42:51 You have a classic grid that you draw sometimes that has a quadrant. And you say most people start in this. I think it’s the upper left-hand quadrant as employed. Some of those become self-employed. Which means that you might have a little more freedom.

43:04 You might be able to choose. But you’re still kind of someone who you own a job. Then you talk about people now creating a business like an entrepreneur. You have a system that you get paid for. And that last quadrant is being an investor.

43:19 I love the way I always show this to my students and say, listen to what Robert says. And you encourage people to try to advance through that. Or to have pieces of it to start having a few investments or be entrepreneurial. And it’s as you move from that one corner to the other corner, when you start using this. This is the big thing.

43:39 ENS side is Marxist. The BN side is capitalist. The reason I say that is because what Marx said, a graduated income tax is essential for the spread of communism. Who pays the taxes? Ease and small business.

43:59 So all this little small, you know, sandwich shops and all that. They pay the highest taxes. B is an I-zero. Capitalists don’t pay tax. That’s all part of your education.

44:13 And so the thing about investor, what E’s and S’s are programmed to invest in are stocks, bonds, mutual funds, ETFs. On the I side, I create my own assets. I don’t need to go to Wall Street. I can make my own. That’s an entrepreneur.

44:31 And the C-S-B, big business. B stands for brand. Build a brand. You look at the, who started Virgin? Branson, Richard Branson, Sir Richard Branson.

44:45 Brilliant entrepreneur. He created a brand. What’s his name? Tesla. Elon Musk.

44:52 Brand. Those are entrepreneurs. Right. If you’re not that, you’re a small business. You’re a doctor or a lawyer paying 65% in tax.

45:04 So I get really upset when I go to these seminars. I said, oh, you know, Joe Schmo, I will mention their names. They said quit your job and start a business. So you go from employee to small business. You pay the highest taxes.

45:18 That makes no sense. America was founded as a tax-free nation. The Boston Tea Party would get the queen of England off our back. Or the king. We love England.

45:28 I love rugby, but we don’t want the tax. Yeah. You’re right. America was founded as that. It was founded in a place where you could go west out to where we grew up and we live now in Arizona, California.

45:39 They would give you land and you could just build. Again, the equivalent of that today is a place like Dubai where you go there and there’s no taxes. So they’re like build. But that’s gone now in America. Now you’re taxed.

45:52 And so who pays the most taxes? Like you said, employees and small businesses. Like go to school and get a job or go to school and become a doctor. As you pay the – you go to school and become a high-paid doctor. And you pay 65% in tax.

46:07 And a guy like Trump and me pay zero because we credit our own assets. I remember one of the times we spoke, the New York Times had just written a big article about Jared Kushner, which he was – I guess Trump’s son-in-law. And it was going on and on about how he wasn’t paying taxes. And he looked into it and was like, yeah, because he was investing in real estate in an intelligent way. And again, anybody could have followed these strategies.

46:33 And yet the Marxist New York Times was pointing it out as it was a bad thing to do. And it was the epitome of brainwashing, of trying to point out that someone’s doing something wrong when actually the tax code incentivizes people because they create wealth, they create jobs when they create businesses and buy assets. And everybody can do that if you can just get out of your own brainwashing. Now I read, reread, Rich Dad, Poor Dad, when I came out and saw you in Phoenix about five or six years ago when I was in the plane.

47:06 Blew me away. I highly recommend everyone get that book and read it again. But that’s what your rich dad taught you. He refused to pay you a salary. And you were a poor little kid and he refused to pay you an hourly salary.

47:19 And he forced you to become creative to find a way to generate income by making your own little small business. And so I could just see this little kid, your brain’s just neural pathways. But he was basically teaching you to use your brain to create wealth and not to sit there for a handout and become a slave. The biggest trap, my poor dad, go to school to get a job. My mom, go to school to become a doctor.

47:49 Highest. The second book is The Cashflow Quadrant, ESBI. You go to school to pay taxes. It’s terrible. It’s terrible.

48:00 And we wonder, so all these people are quitting their jobs, plus AI is coming. Millions of people are going to lose their jobs. So they’re going to start small businesses to pay more taxes. That’s the problem of not having an education. It’s tragic what’s going to happen.

48:17 The Cashflow game is incredible. I have both Cashflow for Kids and Cashflow right here in my closet. I kept sending you pictures because my boy is six and seven years old. They’re playing the Cashflow. And I just love it, Robert. You have no idea.

48:30 Every time I see them with their income statements there, and every time I see them getting excited about their assets, the Cashflow, I was just like, that’s a win. That’s a win. I could literally just see every time they said the word income statement or they could see it, I knew they just made another million dollars. They just made another million dollars. They might not get that until they’re 25 or 26 or 35 or 36, but I’m building that entrepreneurial gene in there.

48:56 And it’s simple. It’s a fun game. And they start to see. They ask me questions. They pull a card and something would look like, oh, you have to go on holiday, so you got to spend some money.

49:06 Okay, here’s something that’s an asset. Oh, here’s something you get a dividend or you get this. And they’re starting to understand, you know, that’s an asset. That’s a liability. Okay. It’s simple, isn’t it?

49:17 Simple, but it will not be taught in our schools because that will break around this. That will break down this whole system. And that’ll break down the brainwashing narrative that the almighty dollar is king. And they’re worried that if people realize that, it’ll bring that down, even though in fact, in the long run, it’ll create more wealth. Right.

49:35 Okay. Let me tell you one more story. My rich dad is my best friend’s father. Never went to school. He had to, his father died when he was 13.

49:44 So he took over the little family business and he learned it from that way. And I’d come in and I would say stupid things to him. I had to work for him for free after school. And I’d say stupid, oh, I can’t do this. I can’t do that.

49:58 And my rich dad got so angry at me. He wasn’t a very religious man. But he always says in the Bible, he says, and the word became flesh. And I was, what you say is what you become. I wouldn’t break that habit.

50:13 So I’m about 10 or 11 years old. He sends me out to collect rent. So I’m going to his properties, his little green out, in Monopoly’s Greenhouses Red Hotels. He kept saying, someday my greenhouse would be a red hotel. Do that red hotel is the Hyatt Regency on Waikiki Beach.

50:33 He had a plan, you know. So anyway, if you want to break me of the habit, I’m saying I can’t do something. All that stuff. So I had to go to his little greenhouses. I said, in Hilo, Hawaii, knocking on doors.

50:47 I said, you owe me rent. I never heard such garbage. It’s people like you that rip us off. What do you think I am made of money? You know, you should be ashamed of yourself, taking advantage that your father should be ashamed of you.

51:06 I heard the words. And the words became flesh, them. Those attitudes have never changed. The capitalist rich people off, rich people off. We’re stealing money.

51:20 We’re dishonest. We don’t pay taxes. So that’s why from, not really religious either, but he says, and the word became flesh. Watch what you say. So he forbade us from ever saying, I can’t afford it.

51:34 He says, how can I afford it? And those words change your life. As we have a financial statement on the cash flow game, I said, well, what’s this for? And my rich dad said to me, he says, my bankers never asked me for my report card yet. My banker wants to see my financial statement because when you’re an adult, your banker wants to see your financial statement, not your report card.

52:04 So as you know, we talk to a lot of professors. They have a college degree, no money. Right. Right. So important.

52:13 Yeah, you’ve told that to me. The words become flesh. And I quote you all the time, Robert, when you say a poor person says, I can’t afford that. A rich person says, how can I afford that? A statement closes the mind.

52:25 A question opens the mind. Very good. Right. Good student there. Yeah.

52:29 I learned a lot from you, Robert. And so it’s not just about an economic system. It’s not just about real assets. It starts right here in the brain. It really does.

52:38 It’s that simple. What’s the story you’re telling yourself? What are the words you’re putting in your brain? Are you a victim? We see a lot of victims now in America.

52:47 Or are you going to take ownership of your situation and find a solution? That’s what you’ve been taught since you were a kid, right? And you met those people when you collected rent. People that were stuck in the victim mentality. It’s not my fault, even though they were living at the place and they had agreed to pay rent there, I guess.

53:04 You were the bad guy. So it’s about taking that ownership. I talked to Trump. He was probably having to do the same thing. He did.

53:12 Oh, really? It’s an exercise. Okay. Why? Because you get to see the real world right in front of you.

53:18 Okay. This is the worst part, Brian. I went home. Heard the same words. Home where?

53:28 After I was about 10 or 11. Right. After the exercise, I was like, geez, those words. I went home. I said, Mommy and Daddy, I guess they were saying the same words.

53:39 That’s why we were poor. That’s simple. It’s just a change in mindset. What’s an asset? What’s a liability?

53:53 Don’t save this. While we’re on that, what is the difference between an asset and liability? Because this is very important. And again, people typically think a home is an asset. They’ve been taught their whole life, brainwashed, like the dollars came.

54:07 By the real estate agents. Yeah. Yeah, exactly. And guess what? When you get a home, you need a banker, and a banker’s going to give you financing, and they’re going to make the fees.

54:15 And so how do you explain to people that a home is not an asset? It’s a liability. And what’s the difference between an asset and liability? Well, the definition. Assets put money in your pocket, whether you work or not.

54:27 Liabilities take money. This is what I’m afraid of, Brian. As the economy weakens, all these people who drank the Kool-Aid of saying my house is an asset, when they lose their job, that house takes them down. If they had like 10 houses, they’d be fine. There are assets.

54:49 So I have 15,000 assets. My book, Rich Dad, Poor Dad, 25 years now, it’s still on the publisher’s weekly list. I make millions from that book. I wrote it about 25 years ago. Still puts money in my pocket.

55:04 Asset. And with that, I buy gold. Right. I buy silver. I don’t save this.

55:11 If I want to buy property, I use debt. And because I use debt, I pay no tax. And anyone can do this. It’s a god someplace. I think God’s a capitalist.

55:21 I think you’re right. I think you’re right. And so that’s the test. If it put cash flows, it’s an asset. If it doesn’t, it’s a liability.

55:28 If it puts money in my pocket, it’s an asset. If it takes money, it’s a liability. And if people are honest about their own home, it actually takes their money. They can tell themselves a story that it isn’t, but it will take their money. And if they- What’s going up in value?

55:40 Right. But you still got taxes, maintenance, upkeep. Right. And the value is the fiat dollar, which you could question what that’s doing. Right.

55:50 And if they lose their job, they’re going to miss their payments and lose all of their home equity. And that’s going on right now. Right now. Okay. Well, Apple laid off like 11,000 people.

56:02 Jamie Dimon of JP Morgan just sold a million shares of JP Morgan stock. Again, it’s like the pilots in your jet. They’re walking to the back of the plane with the parachutes on, and you’re still going to work for this. What’s wrong with this picture? You mentioned artificial intelligence and I want to get your thought on it.

56:24 I went pretty deep on AI this year. I had a guy four years ago on my show named Dr. Ben Gertzel who talked to me about AI. And I went to MIT, so I know some guys that are in the space. And what I see in AI is pretty scary.

56:37 I’ve had most of the experts on my show, from the MIT professors to, you know, some of the big players in the industry. And I’d say most of the public is walking around clueless about what’s going to happen. But it’s basically going to drive, you know, the cost of producing a lot of these things down to zero in many ways. And it’s going to make many, many humans, if not most humans, completely redundant. Because these things already, chat GPT can already pass a bar exam, pass a medical exam.

57:06 It can write better than anyone. It can computer program code better than most people. It can make better images than any artist I’ve ever seen. It’s already better than you, and it’s only going to get better. And so what do people need to be thinking about knowing that this thing’s going to potentially make them redundant in their jobs?

57:25 Well, you have to produce something chat GPT cannot produce. Like if you said, I’m going to grow corn, at least you’re producing something they can’t print. So do something they can’t. Do with the people, the first people that’ll lose their jobs are school teachers, millions of them. Why would you send a kid to school to pay student loan debt when they could can sit there on a thousand dollar computer?

58:00 So we’re in serious trouble is what I’m saying. Yeah, I mean, Elon Musk, he sees something. He doesn’t talk much about it, but he says it’s coming. Yeah. Yeah.

58:10 So do something where you can have a real asset where you can create real value. You’re not going to be made absolutely like this. Yeah. It’s an intrinsic value. I can turn this into a battery if I had to.

58:23 Goes to the tip of a Tomahawk missile. Goes into my solar cells. So it’s this, what do we really need? Let’s talk about universities because Arizona State University tried to get you to not speak there with some of your friends. I think you had an event planned.

58:46 I think they tried to ban you from going, but I think you went. But then I think they started to persecute some of the students that actually tried to attend. Now this happened at ASU, but it’s something that’s happening in universities all over the country. I listened to an interview recently by an organization that watches and indexes the freedom scores in all the universities and Harvard is like number 84 right now. It’s one of the worst performing universities as in they’ll cancel anyone that tries to come and speak on their campus.

59:17 This is Harvard University. They interviewed Dr. Jordan Peterson recently who spent time there in the 90s. And he said that time it was considered one of the great universities. Now it’s literally a place that just does not allow freedom of speech.

59:32 What were your experiences like in ASU and what does that tell us about how we’re educating our children? Let alone the debt, just the institution itself. Well first of all, we’re both from Arizona now. Arizona State is the biggest institution in the world. It’s huge.

59:50 So the Barrett’s Honors Program, the Honors Kids, asked me to come and speak on entrepreneurship. And at first I said no, because my experience of school is not good. When I came back from Vietnam, I got spit on, hit with rotten eggs and all this. And those kids, those hippies of the 70s became teachers. So I didn’t want to go back to school.

1:00:13 So I go back to school anyway. And your parents were school teachers. Yeah. So I go and I teach at Arizona State. I taught them how not to pay taxes.

1:00:23 I taught them how to use debt. I taught them how to breed cattle. I went into everything I just talked about. I said this is what I do. You know, 100 years from now, you’ll still be eating beef.

1:00:35 You may not, unless you’re a vegan, but people still eat beef. You’ll still be using fuel. You’ll still be doing this. Do something valuable. But do something people need.

1:00:45 39 professors came after me. And they had us taken off campus. Another guy was Dennis Prager. He’s a pretty hardcore conservative. It’s Prager University.

1:00:56 They had him kicked off too. And there was a guy named Charlie Kirk. They had him kicked off. So the teachers went to every student. He said, if you go to this event, our event was called Health, Wealth, Happiness.

1:01:11 A person teaching health is a cardiac surgeon, my surgeon, but he’s a doctor of acupuncture. And he was talking about how you heal yourself. So they went after him. I was wealth. And Prager was happiness.

1:01:26 What is wrong with happiness? I said, I learned so much hanging out with Prager. You know what the basis of happiness is? Gratitude. I’m grateful for this.

1:01:40 I’m grateful for that. He said, oh, shit. I got to do this. I got to do that. And I got unhappy.

1:01:46 So when Prager says, I have a moral obligation to be happy, no matter what’s going on around me, to me, or, you know, my most important job every day, stay happy. And the key to happiness is gratitude. I’m grateful to be in front of my friend here. Brian Rose. I’m grateful to be in London.

1:02:05 I’m grateful to go to the World Cup. Oh, I could be complaining about this and all that stuff, you know. So it was a great event. But the students were threatened that they would flunk them. So this guy named Senator Anthony Kern.

1:02:23 So the Arizona Senate, God bless them. They called a hearing on this event. And they asked the 39 professors to show up at the Arizona State Legislature, make their peace. They said, F you without showing up. So this Anthony Kern, who’s this head guy there, he says, I’m going to investigate all 39 of you and you will lose your jobs.

1:02:49 I said, so now I support Senator Anthony Kern because the guy’s got guts. He won’t back down from intimidation. You know, we all have our teacher stuff. And we’re taught to be intimidated by our teachers, right? We’re the kid.

1:03:05 Anthony Kern says, you didn’t show up. I’ll hold you in contempt and somebody will lose your job. Someone, we’ve got to stand up. Very good. That’s a good sign.

1:03:18 Yeah. That’s a ray of hope. So to be continued, but this is, at least they’re demanding that they show up for this. Okay. That is encouraging.

1:03:27 I’ve had both Charlie Kirk and Dennis Brown. And it sounds like a great event. You know, a university or a school should be a place where people get to challenge their own ideas. It should be a place that embodies freedom of speech. Well, everywhere should.

1:03:44 A university, especially. And students should be able to make up their own minds and have debates and have arguments. I can’t believe that they’re given only one narrative and anything else is literally, they’re not allowed to hear it. It’s not the way it’s supposed to be. Well, they’re teaching gender and gender biases.

1:04:03 Give me a break. I like women fine. You don’t like women fine. I don’t really care. It’s all getting a little crazy right now.

1:04:14 How do you feel about freedom of speech and where are we at right now in America? We just premiered our latest film. It’s called We Will Not Be Silenced. We premiered in London and Dubai. It’s like standing ovations, but it talks about the way we were canceled by YouTube, the way that we were censored by having people talk about ideas in our show.

1:04:33 Yeah. And so it’s a real thing. Wait. Your documentary on freedom of speech gets censored? Well, yeah, we were also censored right when we kind of dropped the film as well.

1:04:46 Yeah. Oh, yeah. Of course. That’s the whole point. Don’t these guys get it?

1:04:51 I mean, there’s so much digital censorship happening right now. It’s not even funny. And the YouTube says that if you say anything against what the World Health Organization says, which again are pretty much a corrupt organization controlled by a few elites, then you’re against their policies. And these days between quote unquote hate speech, whatever that means, and any other narrative that kind of the woke left sponsors. If you say that on social platforms, you can be taken off or censored or demonetized.

1:05:22 And so freedom of speech for all intensive purposes is gone. Should we worry about that? I would.

1:05:34 I would. If we lose our freedom of speech, what do we have? It’s called fascism. That’s what it is. You always talk about the communist manifesto.

1:05:47 You always talk about Marxism. All that stems from not having property rights, not having ownership of everything. You can see we’re kind of going that way. You could argue that the fact that our dollar is not worth anything or there’s nothing real there means in the future we’re not going to own anything. Kids now can’t afford to own homes.

1:06:05 They can’t afford to own any real assets. This is scary. The number one asset of America, student loan debt. Yeah, right. Holy moly.

1:06:19 Holy moly. And America is the biggest debtor nation in history. And our debt payments and they keep raising the interest on our debt. I mean, do you have to have a calculus degree to know that’s the word to bankruptcy? And when the bond market collapses, what happens to the banks?

1:06:40 How could these guys not see it? This woman, Danielle DiMartino Booth, she wrote the book, FED UP, I think. She’s a fed insider. She says, they’re not the brightest people. She says, they’re all PhDs.

1:06:57 She says, but they’re just PhDs with hundreds of millions of dollars. Yeah. Our good friend Jim Rickards talks about the people on the Fed and Yellen and these other people and just says, look, they’re not the smartest people. They don’t have practical experience. They don’t really understand how the financial system works.

1:07:16 They might have a PhD and they got appointed by some member of the government, but they don’t really know what they’re doing. They don’t really look at the indicators and they don’t understand some of the basic fundamentals that what they’re doing with the short term interest rates can’t affect certain things and don’t have effect on certain things, including inflation. And so, you know, here a guy like Jim Rickards, again, he’s been our friend for a long time, was written amazing books like Currency Wars.

1:07:40 Currency Wars. Oh my gosh. And he really understands the fundamentals of what’s going on. And he looks at all these indicators from oil prices to currencies to everything, to money flows, to the BRICS nations. You start to realize that these quote unquote experts don’t really know what they’re doing and they’re changing everybody’s livelihoods around the world.

1:08:01 There’s just a few people, this tiny little cabal of people on the Federal Reserve Board that’s tweaking a bit of an interest rate. Most people don’t even know what the Federal Reserve is. Right. And now that’s changing everyone and people in crypto make fun of this. They’re like, one day, a hundred years from now, we’ll look back at this time saying, what were we thinking?

1:08:20 These 10 people here were literally changing the course of history by tweaking this little rate and we let them do it. It’s madness, Robert. Well, you know, Jim Rickards was one of the prophets of our time. Yes. He managed to smart dude.

1:08:34 But one of the things he said, because he said something that chills a spine. He called it, you know, it was a currency where he says, what happens to a snowball? He dropped one little snowflake. It starts going down the hill. And the next thing is an avalanche.

1:08:52 The reason I’m in London, I was at World Cup for rugby from Paris. I’m on to Germany. The avalanche just started. What Jim Rickards was saying is true. We’re going down.

1:09:07 It’ll be the biggest crash in world history. And that’s why get some of this and get some of this. But the biggest question is, how does a guy like me, without any background, I mean, this is $2,000. How did I buy a gold mine? I didn’t go to Harvard.

1:09:27 I didn’t go to MIT. But that’s what entrepreneurs do. And all of us, as you know, have that power. Right. Use your brain and create value.

1:09:38 Everybody watching, that’s why they watch your show London Real. It’s about that power they have inside of them. They know it’s there. But our school system takes it out. So how does a little kid like me take this by the biggest gold mine in America?

1:09:57 That’s entrepreneurship, not employment. And that’s we all have the power to do. Maria Montessori has done it best. She’s one of the greatest entrepreneurs of our time. Montessori’s school system.

1:10:12 She says, what the hand does, the mind remembers. They say that again. What the hand does, the mind remembers. So I remember my rich dad teaching me to play Monopoly. And I’m in school.

1:10:27 My poor dad’s school. I’m like, there’s sound asleep. But with Ritz, I’m going, doo doo doo. Got one house. Okay, good.

1:10:34 Oh, got two houses. Good. Three houses. A red hotel. I’m rich.

1:10:40 What the hand does, the mind remembers. Today, I own red hotels, greenhouses, gold mines, and all that. Because my rich dad taught me playing Monopoly. That’s when I created the cash flow board game. You have to do it by hand.

1:10:54 You do that, you change the world. That’s why my boys are playing your game, and they’re going to remember, and they’re going to understand. What the hand does, the mind remembers. I have a question about digital property. One of my favorite guests on the show is a guy named Yatsu.

1:11:11 And he’s the chairman of a company called Animoca Brands. They’re a massive, multi-billion dollar venture capital company that invests in kind of the open metaverse. A lot of these gaming companies that are on the blockchain. And he saw your cash flow game right on my table over there because my kids were playing it, and he was fascinated by it. And he said, oh, wow, this is what we need.

1:11:30 Because he thinks that the fact that there’s no financial education in the world is quote unquote scandalous. That’s what he said. It’s scandalous that they don’t teach money in schools. And he thinks that property rights are important. So owning real estate, owning gold.

1:11:46 But he says digital property rights, so the next evolution of that. So if you can’t own your digital property, like my videos on YouTube, I don’t own them so they can make them disappear whenever they want. My money as a CBDC, they can make that disappear because it’s not real. My identity, my browsing history, my whatever. So for him, he’s always talking about digital property rights.

1:12:08 So you can own those forever and no one can take them away from you. And he goes on to say that’s the basis of all capitalism. And if you don’t own your property rights, it might as well be Marxism and pretty soon you’re not in control. And he calls it digital colonialism, where you give away your digital property rights to someone like Facebook and then they sell it back to you. And so I’m curious.

1:12:31 That’s why when I see something like a Bitcoin or a digital currency, I’m saying that’s something that you own that no one can take away from you. When the Canadian trucker strike happened, a lot of Canadians found out that when they supported that strike, their bank accounts were being frozen. And I always said, well, if you had some Bitcoin or something like gold, they couldn’t take that away from you. What do you think about this argument of digital property rights?

1:12:56 Is that just in line with what you’re saying as far as owning things? Is that an important thing to own? Well, it goes back to cloche-wab in the World Economic Forum. Someday you’ll own nothing, you’ll be happy. They want you to believe that.

1:13:07 But what was Marx’s, what was the number one thing that Marx wrote about? Abolition of private property. The number one job of a Marxist was to take away private property, which is cloche-wab. Someday you’ll own nothing and you’ll be happy. Those were 39 professors at Arizona State.

1:13:29 I can’t believe. I was just teaching them how to breed bulls.

1:13:38 Not high level calculus, you know what I mean? You got male bull, female cow. You make money. They didn’t like it. And you pay no tax.

1:13:54 Because as Marx said, a progressive income tax is essential for the spread of communism. That’s why America, to get rid of Mother England, was a Boston Tea Party in 1773. And there was no federal tax for over 100 years in America, right? America grew because of our tax rate. Right?

1:14:18 And then they slowly introduced it and then it got bigger and bigger and bigger and more and more progressive. And now we’re looking at a broken state, a homeless issue that’s worse than some third world countries, a corrupt system, and just a lawless place. It probably all comes down to a lot of that. Right. And we’re coming to bring Mother, just watch.

1:14:43 Right. And that’s the CBDCs. And we have to try to fight and push back against as much as possible. We got an election in one year, Robert. We got your friend Trump running.

1:14:53 We got Biden maybe running. We got Bobby Kennedy running. Whoever’s president is going to really make a difference. It’s going to probably determine a lot of things. What do you think is going to happen?

1:15:04 What do you think we should worry about? What’s America going to be like this next year? Well, I wrote Trump and I have a three book deal. Okay. We’ve done two.

1:15:13 Okay. And so in 2016, he called up and said, hey, I got back out of my deal. I said, why? He says, I’m going to run for president. I said, oh, good luck.

1:15:22 I was happy for him. So my concern is if he gets elected, America is a bad habit of assassinating people. Like who was assassinated in China, Japan, somebody was just assassinated. They just disappear. You’re worried about that?

1:15:40 Yep. You’re worried about happening before the election? People disappear. You know, Bobby Kennedy as a presidential candidate is supposed to have secret service protection. They started doing that and providing that to candidates years before the election.

1:15:57 He has not been allowed to have any secret service protection, even though his father and his uncle were assassinated. He’s had people now break into his home. He’s had people come up with guns at his campaign stops. And President Biden will not give him the secret service protection. This is a man whose father died when he was 12 years old.

1:16:16 I mean, I can’t believe it. I can’t believe it. This is my thing on Biden for politics. Watch what a person does, not what they say. In other words, deeds, not words.

1:16:30 Biden’s first act was to cut off the pipeline. Price of well went from $30 a barrel to $130. So I was happy because I’m making $130 a barrel. But the soccer mom putting gas in the car, how’s she going to feed her kids? And I think that was the intent.

1:16:49 It’s that ESG, environmental social governments. Right. They’re going to use the environment to bankrupt us all. Bankrupt us all. That’s what they’re using.

1:17:03 They’re coming. Oh, we’re, you know, we’re kind people. We’re good people. What do they call it? Virtual signaling.

1:17:10 Right. I drive a test law. All of that. What’s the main intent? Deeds, not words.

1:17:21 What was the next act that Biden did? He opened the southern border. Trump put the wall up. Biden took it down. Oh, I don’t…

1:17:32 Where? There are 270,000 immigrants poured across the border in September last month. 270,000. Now a couple of them, I’m sure, are terrorists. Does Biden know that’s happening?

1:17:50 Oh, no. What does he do and what does he say? So please don’t get into the Republican, Democrat, liberal, conservative. What do they do? Why does he open the border up?

1:18:04 Is it to create chaos and mayhem? Is it to breed potential future Democratic voters? Why do that? A lot of reasons. Okay.

1:18:14 Does it make sense? No. I can’t believe it. And I can’t believe they go directly to New York City and Chicago where now they’re part of a slum area that maybe is worse than Mumbai. I’ve talked to Colonel McGregor and he’s like, you know, there’s Hezbollah and Hamas operatives in Mexico and probably now in America.

1:18:32 I mean, I grew up in San Diego on the border with Tijuana. The border was not open. It was hard to get across the border. Okay. Some people did and some people worked hard and that was, but it was not this open border.

1:18:46 And the people that did come across the border, when I was a kid, Robert, they were Mexicans. Nowadays, if you look at the border crossing, I mean, it’s like the United Nations. Like people coming from all over the world just to go there to walk across the border. And then they go directly to your major city and now they’re a tax burden. It’s like mind boggling to watch.

1:19:06 It’s, yeah, it’s crazy to watch, Robert. There’s one more thing that concerns me. What’s that? As Stalin said, it’s not who votes that counts. Who counts the votes.

1:19:24 Why do we have such confusion about who’s counting the votes? So if that’s not treason, I don’t know what is. Is this coincidental that they misplace a lot of ballots or is it intentional? My friend is Carrie Lake. She’s running for Senate.

1:19:46 She lost because of the ballot count. Stalin said it’s not who votes that counts. It’s who counts the votes. That’s why Tucker Carlson lost his job. Because he questioned the voting machines.

1:20:02 Who gets rid of Tucker Carlson? One of the most popular guys ever. Who is pulling those strings? That’s what concerns me. We can see what Biden does, but who is pulling those strings?

1:20:16 That’s what I don’t know. Do you have any confidence in the ballot system for this next election in 24? Not really. I mean, the mail-in ballots last time were just a mess. I couldn’t believe I was watching it happen.

1:20:29 And it got pushed through. And I mean, in America, every state has a different jurisdiction. They said in Philadelphia, Jim Rickards told me this, he’s like, they haven’t had a fair election there in 100 years. That’s been a notoriously corrupt and biased and all these different districts and old school people there. And then again, these mail-in ballots.

1:20:50 I mean, it’s a mess. On top of that, they’re now weaponizing the justice system in a way that we’ve never seen in America. That you see this happening in third world countries. And now Trump is being indicted in four different places now of federal and state crimes. And they’re throwing everything but the book at this guy.

1:21:08 And he has a smile on his face. It’s amazing. Now, one-tenth of that would break most humans. And it really would deter him. And now they’re using it.

1:21:16 Trump cannot get a fair trial in New York City. There’s no way. A jury will just convict him no matter what it is. And even the charges are trumped up. I had Alan Dershowitz on the show.

1:21:25 And Alan’s like, these things don’t even make sense. And yet, they’re there. Jim said there could be a scenario, Brian, where Donald Trump is sworn into office in an orange jumpsuit in prison. And then the helicopter comes and picks him up after he pardons himself and takes him to the White House lawn. He said that could happen.

1:21:45 Well, just let me say this, but it’s possible. I’ve worked with them for two years on two books. The man’s a very good man. When you know it, I’d be like them taking you away. I know Brian.

1:22:01 He doesn’t do those things. But he gets accused, you know? That’s what something’s… Who’s pulling the strings? Who is pulling the strings, Robert?

1:22:13 How come Hunter Biden’s laptop is just misplaced by the FBI? Is this the Deep State? It’s beyond our purview. That’s why I stay with goals over a Bitcoin. How do we end on a positive note?

1:22:37 Because Robert, you are positive. You’re grateful. You just keep going. You got more life now than when I met you 10 years ago. You’re excited.

1:22:45 You travel the world. We’re doing a big event here in London tomorrow. You were in Singapore before that. You’re constantly around. People love you more than ever.

1:22:53 You have more fame than ever. I think you were assaulted at the Paris airport the other day by all your fans when you came off the airplane. How do you stay positive? And how can you keep everybody positive around you? How can we leave people with that message?

1:23:07 Because every person that comes up to me and says, thank you, I say thank you back. As Dennis Prager said, the key to happiness is gratitude. And I’m grateful to all these people. And as Bucky Fuller says, the more people I serve, the more effective I become. So that’s why I write books.

1:23:27 That’s why I do with you. And that’s why you do what you do. We’re just servants of God, what do you want to call it? We’re here to serve our people. Let’s never forget that.

1:23:39 There’s an amazing quote from the conversation we had in Phoenix, Arizona that again has been watched like 100 million times. It’s been dubbed in so many… I’ve seen it dubbed, we’re both speaking Russian to each other. It’s got that big. And you said, it’s not about what you want to do.

1:23:54 It’s what God wants you to do. Yeah, what God wants done. What does that mean? Because that’s such a powerful message. It’s what God wants you to do.

1:24:02 What does God want done? It’s a greater purpose, right? Than just your personal wants and needs. What is your higher service? That’s what you want people to think about, right?

1:24:15 Right. Bucky Fuller was the man who created the geodesic dome. In 1967, he hitchhiked from New York City to Montreal, Canada, the world’s fair in the future just to see the dome. And then I studied with Fuller three years, 8182, 8283. He wrote a book called The Grunch of Giants.

1:24:34 And that’s where you and I are simpatico. GRUNT stands for Gross Universal Cash Iced. It’s basically how our banking system steals our wealth, VR money. And what the questioners ask me is not what do I want done? What does God want done?

1:24:56 And I said, knowing what I know about money, I have to write this book. So I’m not saying God told me to write the book. But I sense that’s what was wanted and needed. So we all have a purpose in life. That’s what you teach here.

1:25:11 What’s your purpose? What gives you breath? Why do you breathe? Why do you live for? You know, like my back is shot completely gone.

1:25:22 Crash three times in Vietnam. It didn’t stop me from running. It didn’t stop me from working out. I just go get a surgeon and keep going. Because there’s work to be done.

1:25:33 What does God want done? And I ask people, and everybody knows, you know what I mean, Brian? Yeah. Right now people are sitting at home going, oh no, because you already know. You know deep down inside.

1:25:48 But you may not want to do it. Right. Because it’s scary. You might think you’ll fail. You might get criticized.

1:25:54 What if they make fun of me? Yeah. So I wrote Rich Dad, Poor Dad. New York Times said, you don’t know anything about money, do you? I said, well, maybe I don’t.

1:26:06 They were the first people that came after me five years ago. If they criticize you, that’s usually a good sign you’re doing the right thing. Right? It’s not easy, though. You know what I mean?

1:26:18 No. It’s not easy. You doubt yourself then. But I would emphasize to anybody watching us that that’s the path, that when you get to the end of your life, you look back and you’ll be the most proud of the choices you made. If you take that more challenging path and you’ll live a life of meaning and purpose, and you’ll find all your allies along the way.

1:26:38 And so I would say, you’re right. Everybody knows what we’re talking about. You know what God wants you to do. So just go do it. The word is called, you find your spiritual partners.

1:26:49 You’re my spiritual partner. As are you, mine, Robert. And when we stand up, our partners come with us. Like a rugby game. You know, so true.

1:27:00 And we found a bunch of them. Last few years, I found a lot of them. And it’s amazing. And I’ll take one of those over 100,000 haters or whatever, or people that don’t want to go along that or want to stay in some low energy. Man, I’ll just take one or a few of those.

1:27:16 You can go a long way. I read a quote by Sun Tzu today that said something like, never underestimate the power of a small force of motivated people. That’s the truth. Doesn’t take many. Margaret Mead said, never doubt that a small group can change the world.

1:27:33 Indeed, that’s the only thing that ever has. So look, you got Max Keiser out there. He’s doing his thing. El Salvador. You got Jim Rogers.

1:27:46 And Singapore. Jim Rickards. All the people who are saying something. What’s next for you, Robert? You’re counseling traveling the world.

1:27:56 You got more books coming as well. You’re always broadcasting. What’s next for you? I’m going to start a network marketing business to bypass the school system. See, don’t try and fix the school system.

1:28:10 Bypass it. So my team and I are in London today. We teach as a team. You know, entrepreneurship is a team sport. We pass the ball.

1:28:23 I love rugby. So we’re going to use a cashflow board game. We created a product that’s health-oriented. And then we’re going to bring in, like, big brother, my teachers. So if I start a network marketing company, because they’re going to be out of jobs anyway, AI coming in.

1:28:42 They can start a network marketing business. They can play the cashflow game. They can teach other people that I’ll come zoom in like big brother with my teachers. And they’ll be you. You’ll see that, you know, tomorrow.

1:28:54 Nice. We change the world by not changing the system. We change the world by bypassing a corrupt system. It’s called education. Good, because it needs to happen.

1:29:06 And it’s a very challenging thing to crack, probably because everyone tries to do the same thing, right? They try to change the institution. They want to change the system. Yeah. Or maybe they want to change the teachers.

1:29:16 Right. No. Why bother? Right. Go around it.

1:29:20 Right. Okay. Love it. Don’t teach pigs to sing. It wastes your time.

1:29:26 It annoys the pig. All right. So final messages are real assets. Words become flesh. Anybody out there can at any point choose to start thinking differently.

1:29:40 Everybody has a mission, a purpose. If God just sends you to suck up oxygen and food, what does God want done? Do it. So when I heard Fuller say that to me, Bucky Fuller, you know, I knew already. I’m going to take on the school system.

1:30:02 My poor dad. Well, I’m all in for that mission. I can’t wait to finally provide the financial education and all the other educations for people out there. So Robert, just want to say, you know, thank you so much. I’ll be at the Excel center tomorrow.

1:30:21 And that’s the exact same place I met you eight years ago. When I went out there with my camera crew to steal 30 minutes of your time during a lunch break, which you generously gave me. And we made some kind of a connection there on that sofa in the back. And you were super generous with your time, even though you’re in the middle of an all day seminar and thousands of people. And it started then.

1:30:42 And since then we’ve had 10 conversations again, watch by hundreds of millions of people. And just want to say, thank you, Robert. Like what you’ve given the world is amazing. I highly recommend everyone go back, read Richard Portad, buy cash flow board game and teach. Teach the purpose of the board game was you could teach your friends.

1:31:03 Bypass that school system. Okay. Let’s do this. Shall we? Yeah.

1:31:07 All right, Robert. Thank you. Until next time. Thank you. God bless, sir.

1:31:11 Spiritual teammate. I love it. Thank you. All right. Thank you.