Robert Kiyosaki - The World Economy Is On The Edge Of Crisis: How To Survive Soaring Inflation

Full transcript: Robert Kiyosaki on London Real

2:46 This is London Real. I am Brian Rose. My guest today is Robert Kiyosaki, the entrepreneur, investor, motivational speaker, financial expert and author of the globally renowned bestseller Rich Dad Poor Dad, the number one personal finance book of all time. Robert, you spent most of your life challenging the way tens of millions of people around the world think about money and investing. You’ve been outspoken in your belief that our education system is failing us, and that much of what people believe has been designed to keep them ignorant and poor.

3:14 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. Today, you’re going to break down the truth about what is happening to the economy, and more importantly, how people can hedge against the soaring inflation we’re currently witnessing. Robert, welcome back to London Real. Well, Brian, thank you very much. And I just want to give you an accolade.

3:43 The reason is, because I was a whack job years and years ago. The first time I came on your program, I was just a whack job, saying such goofy things like, “The crash is coming, savers are losers, I wouldn’t go to school.” You know, all those things. I just want all of you who are watching London Real. Know Brian is real.

4:06 He’s one of the few guys that backed me up years and years and years ago and gave me the time to express my point of view. And as Brian says, you know, I unfortunately, what I was calling for has happened. It’s here now. So this is 25 years later, and everything I predicted is coming true. So it’s sad.

4:29 I’m worried. I’m very concerned about humanity and the world right now. Yeah, it is true. You have predicted all this. You’ve been coming here to London into my studio.

4:39 I came out there and saw you in Phoenix many years back. We’ve recorded hours and hours of conversations that I think have been watched 50 or 100 million times. Robert, something crazy, and you have been calling these things. I know it’s a little sad that it’s coming true, but it’s also great to have you here, because your credibility is at 100 when most people are down in the tens or teens. And that’s why I think you’re the best person to explain what people can do in this situation, how they can think about it, and what’s going to happen.

5:05 So yeah, again, just appreciate everything you do, Robert. You’re always out there, just pushing the envelope. And again, you’re up at 9am local just to keep doing this. Like you said, you retired 50 years ago, but you still seem to work every day, and I love it. So Robert, I want to jump into it.

5:19 You’ve said that this will be the biggest crash in world history. Maybe explain why. What is actually happening right now that we might not see reported in the papers every day? What’s actually going on? Well, first of all, a step back.

5:34 Okay, years and years ago, I was the beneficiary of studying with a man named Buckminster Fuller. He’s considered a futurist, and he invented the geodesic dome and all this. My poor dad, I’d rich dad and a poor dad, and my poor dad just adored him, because my poor dad was an academic, a PhD from Stanford University, Chicago, Northwestern University, Hawaii. So academics loved Bucky Fuller. And he built the geodesic dome in 1967.

6:03 I hitchhiked, I was at school in New York. I went from Hawaii to New York, and I hitchhiked to Montreal, Canada, to Expo 67, the World’s Fair on the future, because I like looking into the future. Bucky’s dome, Bucky Fuller’s dome, was there. It was a U.S. Pavilion at Expo 67, and I went through there.

6:23 I said, “Man, that guy thinks differently.” You know, Buckminster Fuller said, “Just check him out.” Am I? When I was a kid, my poor dad used to have me building the structures of the universe. He called them squares, tetrahedrons, icosahedrons, dodecahedrons.

6:41 I’m like, 10 years ago, what the hell am I studying this stuff for? You know? But it affected my brain, because I was working with my hands. So I was doing math with little sticks and glue and things like this. And so I learned more by doing, not by reading books.

7:00 You know, when I’m doing something, I’ll learn more. So in the ’60s, after building the dome, dealing little tetrahedrons, I cause icosahedrons. As a kid, it’s stuck in my brain. So in 1967, I’m in school at the US Merchant Marine Academy, one of the five federal schools in America, military school, and I hitchhike from New York to Montreal, and I went through the geodesic dome. It blew me away.

7:25 I went, “Holy man.” So that’s how it all got started. So Fuller was a futurist. John Denver wrote a song about him, calling him the grandfather of the future. And so for three years, ’81, ’82 and ’83, I studied with Fuller during the summer, because, how to see the future.

7:44 And next year, so excuse me, next year sometime, I come out with a book called The Raven. And The Raven, in Greek mythology, was the god of prophecy. And so here’s this book here, Rich Dad’s Prophecy. Just to prove I back up what I say, I can prove it. I set this down.

8:02 So I said the biggest stock market crash is still coming, and this was after the 2008 crash. And the reason I could predict that the 2008 crash was just a prelude for the bigger crash coming, which we are in today, in 2022. I mean, even China’s crashing today, because they never fixed the problem. In fact, the whole problem is that the global economic system is rigged. It’s called the central bank system.

8:31 You know, the Bank of Japan, the Bank of England, the Bank of Tokyo. Stuff like this. This whole system is rigged. So Fuller passed away in 1983. In ’84, his book came out, called Grunch of Giants.

8:50 And I’m reading Grunch of Giants, and Grunch of Science stands for Gross Universal Cashless. It’s how our wealth is stolen via our money. And that fit my whole internal belief system. You know, if you don’t believe it, you think he’s a whack job. But in 1984 I said, “Man, this guy is on to it.

9:14 You know, Fuller is on to it.” So I read Grunch of Giants, and that’s how I can write books like Prophecy. And the way, you know, I’m not just blowing smoke today, is go get the book. And so what happened? 2008 crash, and then what that set up, the biggest… as you know, because of your experience on Wall Street, it set up the biggest bull market in history.

9:36 But it was based upon fake money. They just kept printing more, using more debt, because, as you know, Brian, money is debt. If we don’t borrow money, money doesn’t exist. So money comes into existence because every time you use a credit card, take out a mortgage, buy a car, that’s when money is created. And that goes back to 1913.

9:57 Again, the Federal Reserve Bank was created, you know, central banks, which is Marxism. And then in 1913, in America, the Internal Revenue Service was created, the IRS, because money cannot exist without debt and taxes. So I’m sitting there going, “Holy moly.” You know, so every time I talk to you, I get the chills, because you were on the inside of it, and I’m on the outside trying to figure it out. What are these guys up to?

10:29 And so that’s why I wrote this book here. You can say, “Well, Kiyosaki is full of… he’s bullshitting.” Read the book. That’s what I’m saying. You know, I practice what I preach, and I do what I say I’m doing.

10:41 So anyway, that’s how I could write Prophecy. And as you know, in 2021 China collapsed, and that’s why COVID appeared again. Notice that. So Evergrande, which is the biggest… I think it’s bigger than Lehman Brothers crash, and Evergrande’s going down.

11:00 Now, when real estate goes down, it’s a financial crash more than anything else. They have 90 million condos in China not occupied. So what that does is this big sucking sound, you know, like that’s going down the toilet right now. When real estate goes down, it takes all the economies of the world with it, you know. Australia, one of my favorite countries, ships a lot of supplies to China, and there Australia was booming because China was booming with real estate.

11:33 And so in 2021, when it collapsed, that means Australia collapses more. But that’s why I think Australia locked the country down, also, everybody to stay in, endure all this. I personally think they’re afraid of civil unrest, and so I think that’s why, you know, COVID appeared. Um, in, you know, September 17, 2019, our repo market collapsed. And the repo market is the shadow banking system, as they call it.

12:04 You don’t see that market, but I’m watching the shadow banking system, and when the repo market collapsed on September 17, 2019, voila, hope it appeared. You said, “Fake.” I think the last time you were here, Robert, in the studio, you were talking about your book Fake, and you were sitting literally right across from me in the studio, and you blew up a big balloon while you were talking to me, and then you popped it right in front of me, and you said, “Brian, this is what’s gonna happen.”

12:32 And this was like 2019, I think you were here. And now we’re watching it happen. We saw the printing of money, and now we’re seeing it all fall down. And it’s interesting you made reference to me. You know, I worked in the derivatives industry on Wall Street for many years, and I actually just had Jim Rickards on the show last week, and we spent a lot of time together in Phoenix.

12:50 And it’s interesting, because we were kind of on the inside and you were kind of on the outside, but we both came to similar conclusions. There’s a lot of money that’s being printed. Most of the world doesn’t understand that, and they kind of buy into this idea. Do you feel like the world is starting to realize what’s happening, with maybe the advent, sometimes, of cryptocurrencies, or them seeing the massive QE that happened during COVID? Do you think, like, sometimes the curtain is being pulled back and that more people are realizing what’s going on?

13:19 Or are they just too poor to really see what’s happening? thank you for supporting me when I was the… I was chicken little, you know, crying the sky is falling in Rich Dad Poor Dad, which is this book here. You know, I said such blasphemous things as, “Your house is not an asset. The rich don’t work for money.

14:46 And savers are losers.” I got attacked, like you have. You’ve been attacked. I’ve been attacked, but man, came after me because I was stepping on some big toes. When you say savers are losers, that’s the bankers, and when you say the rich don’t work for money and all this stuff, I’m going against education.

15:06 And my theme on this book has always been what the school teaches you about money: it answers nothing. It’s crickets. You know, nothing. And then today, instead, they’re talking about critical race theory, that I want to change boys to girls and all this other stuff, and going, “I don’t want to change from boy to girl. I’m quite happy being a male, you know, I mean.”

15:28 And just recently, like a few months ago, they called parents terrorists in America because they actually dared to challenge the education system. They want to know what the heck they’re teaching the kids. So these parents are in this… there’s huge rooms, and you know what they call them? PTA meetings, or Parent Teacher Association meetings. The parents are up and down, and they get labeled terrorists.

15:56 So something, you know, Brian, it’s… I’m afraid it’s going to get worse. That’s why I write. That’s what I speak. And again, I want to thank you for supporting me years and years ago when I was just a whack job, chicken little, running around saying stupid things.

16:11 But unfortunately, today it’s coming true. Yeah, we’re seeing it a lot now with these big inflation numbers, Robert, and these are scaring people, because, you know, I don’t remember inflation like this since I was a kid, and the gas lines were happening and it was like the early ’80s and late ’70s, and most of the people born on the planet today have never experienced inflation like this, and they’re scared of it, rightly so. It’s also a different type of inflation than maybe we saw back in the ’80s.

16:38 How do you tell people that they should get their heads around what’s happening, and should they be panicking? It’s a tough one, you know, Brian, because when I wrote this book here, Prophecy, right, a lot of the people giving financial advice, all they know is a bull market. Yeah, you see, they were born, you know, just prior to 2008. They’re now, probably, let’s say, 25 years old. They’re financial planners, real estate brokers, and all they know is S&P keeps going up.

17:06 Don’t fight the Fed. I mean, they’re idiots, but unfortunately, without financial education in our schools, you can’t blame them, but they don’t know what a, uh, what a bear market looks like. And they don’t know what inflation looks like, because inflation has made them rich. Because the Fed, you know, what do they say? 40% of all money was printed in the last two years, or something, some stuff like that.

17:34 I don’t know if it’s true or not, but the M2, the money supply, is so huge today because they’re trying to prevent the balloon from collapsing. They’re doing, they’re desperate. Yeah. When you take financial advice, be careful of their age. You and I have the wisdom, you know.

17:53 I’d rather be 25 years old, but there’s something… I just turned 75. And there’s something good about being 75. At least been screwed enough times to wake up. Yeah, no, it’s true.

18:05 Like you said, most financial planners have never actually been through a bear market. Um, they’ve never experienced or even been alive to remember what inflation was like, or some of the ramifications for it. I think I saw you say somewhere that most Americans don’t have more than a thousand dollars to their name, and when you start inflating that, then that can become half of that, and then you’ve got most of the American public that are basically become broke.

18:30 So this is something that can be really debilitating, that can just crush people that are already living on the edge, because they’ve been encouraged to rack up debt, etc. So is this something people need to be very concerned about, and what can they do about upcoming inflation, and even this upcoming crash? Well, I think, why is there inflation? As they’re trying to prevent the collapse, and Jim Rickards, you know, he’s one of the smartest guys I know.

18:57 He says, “Prepare, we’re going to collapse.” And as you know, people don’t understand this: the dollar is a reserve currency of the world, which came about in 1944 with the Bretton Woods agreement. We can just keep printing money, but the rest of the world’s collapsing right now, and everybody depends upon the US printing, printing, printing, printing. But that’s why I watched China, and when Evergrande came down in 2021, the biggest real estate collapse in history, bigger than 2008.

19:32 And all of a sudden they lock people down with COVID. You know, I’m going, I’ve seen this story before, because it happened in 2019. They’re desperate, Brian. They’re desperate. They’re looking for anything they can say to stop this thing.

19:48 But, you know, every time they said to me, “Don’t fight the Fed,” I’m saying, “Don’t trust the Fed.” That was my stance. You know why? Would I trust those sobs? Their essential bank system, the Rothschilds and all those guys controlled them.

20:01 The richest families in the world controlled the central banks. And you said you pulled the curtain aside. It’s like the story of The Wizard of Oz. You pull the curtain aside, there’s a little guy back there called the Fed chairman, trying to keep the economy from collapsing. But they’re going to keep printing and printing and printing until the thing is destroyed.

20:23 That’s my prediction. And is it going to… I mean, are they backed into a corner now? Is it getting to a point where they just can’t keep printing to save it? And is that what we’re seeing, all of these little cracks in the system, from inflation to these hikes?

20:35 And I mean, QE was working for a couple years. Is this the beginning of the end of that system being able to keep printing to save us? Well, there’s people much smarter than me who say that. I’ve been saying that for years, but I was the whack job or the, you know, chicken little on the outside. Some whack job without a…

20:55 I don’t have a degree in finance. You know what my degree is in? Oil. So I went to the US Merchant Marine Academy in Kings Point, New York, and this is in ’65 to ’69, and I studied oil. So when Biden, as soon as that communist, you know, you guys have this guy here, Boris, Yeah, Boris Johnson.

21:23 Well, we have Boris, Biden. It can’t get right, it can’t get much worse than this. Yeah. What’s your take on President Biden? He’s a communist.

21:36 I mean, this… in 1965, I read this book here. I go to military school. Most of my… I think hundreds of my teachers were men, not women, and there’s a very big difference in the way men teach men and women teach men. And so one of the things going on today, off the subject, but socioeconomically, more men are raised by single moms today, and the reason for that is, back when, in history, if you are a mom with a kid and you had a husband that wasn’t making it, it was better for you to divorce them, so the government would take care of you.

22:16 So what happened back in the ’50s and ’60s was that the government became the parent because it supported the mothers to take care of the kids. So a whole generation of fat boys coming up. Just recently, all of the news in America: the US Army cannot find men, soldiers. One out of four 18-year-old cannot qualify to meet the Army’s needs. One out of four teenage boys are too fat and hoggy, they can’t make the physical.

22:51 And that’s why I meet young women who say there’s no man. I said, “Well, they’re still around, but they’re kind of boys yet.” But you know, our academics are taught by women. So one of the benefits, or bad, bad results, is I go to military school, I’m getting yelled at, screamed at. They’re all men teaching boys.

23:11 I’m 18 years old, and my economics teacher, instead of having me read, you know, Adam Smith and Malthus and Keynes and Ricardo, he had me study Marx, Hitler, Mao and all this, because in military school the motto is, “Know your enemy.” And so I studied Marxism in 1965. And this book is only about 50 pages, one of the most powerful books ever written, but the trouble is most school teachers haven’t read the book that they don’t know they’re Marxist. They’re not bad people.

23:44 Please hear me. And you call somebody a commie, that’s not the best thing to do. But economics, as you know, Brian, is kind of a philosophy, so it’s like Christianity is different than Buddhism or Hinduism or Muslim. So economics is kind of our economic religion, to keep it simple. Yeah.

24:04 So when you read Marx, most academics, like my poor dad, who was a PhD from Stanford University, was a Marxist, but they don’t know it. They’re not bad people. They’re not bad people. But without financial education, they got no choice. They believe in labor unions, they believe in the tax the rich, they believe in the abolition of private property.

24:30 You know, that’s all Marx. If you read this book here, it’s in here. So that was in 1965, or an 18-year-old kid getting yelled at and screamed at at military school in New York, and in ’67, a hitchhike from New York to Montreal, Canada, to see Bucky Fuller’s geodesic dome, the U.S. Pavilion, the World’s Fair. And now I’m confused, Brian, you know what I mean?

24:53 I have… my poor dad was an advocate of Bucky Fuller, and my rich dad was a capitalist. So I’m trapped between two worlds, and that’s why I wrote Rich Dad Poor Dad. And you’ve recently written The Capitalist Manifesto. Yeah, yeah, I should have a copy of it here somewhere, but, um, I wrote The Capitalist Manifesto in response to The Communist Manifesto, and actually I wrote Rich Dad Poor Dad in response to The Communist Manifesto, answering the question, why don’t we teach money at school?

25:26 It’s not a mistake, Brian. It’s not a mistake, because what Marx predicted has come true. 1848. Okay, he said communism would take over America, specifically, or the capitalist world, in two stages. So stage one happened in 1930.

25:44 In 1930, the Frankfurt School, out of Berlin, sent teachers to Columbia University Teachers College. That was in 1930. So communism invaded America through our teacher system. And that’s why most teachers are Marxists, like my poor… not bad people, you know? They think they’re doing the right thing, right, but they don’t know how to make money.

26:08 They want a pension, they want all the benefits and all that other stuff. They belong to labor unions, and what Marx says was, “Workers of the world, unite,” join labor union. So my poor dad… well, my rich dad was anti-labor, and my poor dad was the head of the teachers union. So again, that’s why I’m screwed up, Brian, but you know both sides so well, Robert, and that’s why you can kind of explain both of them, and yeah, they’re not bad people. Yeah, but they’re just maybe confused, or they’ve never lived in the world of business.

26:45 They lived in academia, but these people are teaching our children. And Robert, we’ve seen this come out into the open in the last couple of years, where you’ve got kids on the street saying, “Let’s be communist, let’s be socialists,” who are being egged on by these academic institutions and the woke and the technology platforms. They don’t really know what’s going on. They probably never had a job before, like you said. They want to take away property, they want to do all these things, and you’re really seeing these collide.

27:11 And that’s why I love having you on the show, Robert, because we’re not talking about money. We’re talking about life. Like, this is how humans interact with each other, and the economic system is a little bit like a religion, a belief system. And yes, you have to… I just call it economic religion.

27:25 Yeah, yeah. So capitalism is a religion and Marxism is a religion, you know? So is fascism. So, you know, all those things. So when you can get it from that perspective, you have more options to choose which one you like.

27:43 But the biggest problem today, again, is we have no financial education in our schools. But this is what’s worse. I’m in New York City, ’65 to ’69, when studying oil, I drove tankers for Standard Oil. I invest in oil wells today. I don’t invest in oil stocks.

27:59 I want the real stuff. You know, the Fed cannot print oil, Brian. You know that. Now, yeah, what happened, by digressing: so when Biden took the, uh, the Keystone Pipeline XL, whatever it is, off the off the list, oil went from $30 a barrel to $130 a barrel in a few days. So in other words, inflation went through the roof.

28:23 It wiped out the middle class and the poor. But a guy like me who invests in oil wells, not oil stocks, I made so much money, because when the price of oil went up to $130 today, I think it’s $105. I’m creaming it right now. Unfortunately, it’s killing the poor, middle class, because they can’t put gas in the car, they can’t buy groceries, and then they can’t afford to shop. So I see all the clothes on sale everywhere, and all this.

28:53 And that’s what’s predicted in here. That’s how I see the world from a very economic point of view. But real economics, you know, that’s the difference. I quote you all the time to my students in my academy, and, um, again, it’s not always popular, quoting Robert Kiyosaki. And when I say, “You know, poor people work for money, and rich people make money work for them,” it offends a lot of people.

29:18 And I was looking at some more quotes here of you recently. And you said the primary difference between a rich person and a poor person is how they manage fear. And again, this all trickles down to kind of communism versus capitalism. And if you want to educate someone, and you cover this in your book Rich Dad Poor Dad. And by the way, Robert, I took a flight from London to Phoenix to go see you a few years ago, and I reread Rich Dad Poor Dad, and about four chapters in the plane, I was like, floored.

29:45 I mean, it really is an incredible work of the human experience. What does it mean to be a human as you’re getting this education as a kid? To learn that, you know, maybe you don’t want to get conditioned to get a paycheck that comes into your life every day, almost like a drug. Maybe you want to be educated to create that wealth, and it’s such a fundamental human concept of how we want to live our lives. That’s why I’m always drawn to you, Robert.

30:12 So maybe you can expand on some of these things. Why does it offend people so much when you say things like, “Poor people work for money, rich people make money work for them”? Because it really is a way of life that you’re talking about, which ties directly into communism and capitalism, which ties into our government and our academia. What’s the choice that you’re going to make? Yeah, so let me say again what the school teaches about money.

33:20 I mean, that’s even… a lot of the really smart guys on Wall Street too, they don’t understand what I’m saying. I mean, they don’t… they’re inside the machine. Yeah, they’re inside the whole grinder out there. And so this was book number two. If I could show it to you, so it’s a CASHFLOW quadrant.

33:39 Oh, yeah. And this is the four people, and capital, money, all throughout the world. If you’re an employee, small business, self-employed, you have big business, 500 employees or more, and you have I. It stands for insider. It doesn’t stand for investor.

33:56 So I always invest on the inside. And people say, “Well, isn’t inside trading illegal?” Yeah. For these guys, it’s legal for these guys. The other thing is taxes.

34:07 You know, like Ocasio-Cortez. He’s a communist from New York. She says, “Tax the rich.” Well, the only people that pay taxes are employees. They pay 40%.

34:18 This is global. It’s pretty much set by the central banks, like the Rothschilds. And then S, the small business, the small entrepreneur. You know, somebody, I’m going to become an entrepreneur. They pay 60% in taxes.

34:32 So the small entrepreneur’s crushed from the start. But big businesses, 500 employees or more, defined by the Internal Revenue Service, the tax department, is 20%, and insiders paid zero. So when I was about 18 years old, my rich dad pulls me aside, because this is my poor dad here: “Go to school, get a job.” My mom wanted to become a doctor, and I’m going, “Even Mom, you know, you have to be smart.” “That’s time for smart,” she said.

34:59 “You’re right, don’t be a doctor.” And B stands for big business entrepreneur. This is Elon Musk, Bill Gates, and those guys. And I is an insider. So I just took my I think you’ll appreciate this here.

35:14 This is my first listing on the New York Stock Exchange, July 8th, 2022. I saw that. Congratulations. Yeah, I went public, and I’ve been public three times on the Toronto Exchange, TSXV. But I said, “Okay, the goal of a real entrepreneur,” this guy here, is take your company public and get listed.

35:37 So that’s who you guys watch, right? When you’re in Wall Street, you’re watching these guys move around. Yeah, and so that quadrant shows people where they want to be, and it shows that most people are pushed into that E. And when Ocasio says tax the rich, she’s actually talking about taxing the everyday person. Yeah, and let me say again, because I studied oil at the academy in New York, military school.

36:06 When Biden took the pipeline off the line, I got richer. Oil went from $30 a barrel to $130, but unfortunately it destroyed the middle class. And I think that’s what’s going on, and why I think this book is more important today than ever before. It’s not a mistake, Robert. My dad is probably a year or two older than you, and we’re seeing a huge baby boom population in America that’s in retirement or going into retirement and now facing this economy, stocks going down, inflation.

36:44 You’ve talked about a retirement crisis. What is going on there, and why do we have to be worried about it? Well, here’s my proof again. You know, Bucky Fuller taught me why. Buckminster Fuller said, “Argue with the artifact.”

36:58 So don’t listen to what I’m saying right here. This is the book I wrote. It’s called Who Stole My Pension, and it’s written by myself and a guy named Ted Sadell. So if you’re like 50 years old right now, and you have a government pension or an IRA or a 401k or whatever, RRSP in Canada, or a super in Australia, I’ll get this book here, because the purpose of money, as Fuller said in his book, Grunch of Giants, the purpose of the financial system was to steal your wealth.

37:30 That’s a pretty radical statement. And so that’s why I was a very confused young man, having a rich dad and a poor dad, and then studying with Fuller, who my poor dad loved, and my rich dad had no idea who he was. You know, I mean, so I had to listen to two different points of view again. Economics is basically a religion, and the question is which religion do you want to follow: tax the rich, or don’t pay taxes, put your money in an IRA, or don’t put any money in the stock market.

38:10 So I own no stocks, except the companies I took public. I’m a capitalist. I invest from this side and this side. These guys cannot go public, you know that. I know that the companies are too small.

38:29 You said I doesn’t stand for investment, it stands for insider. Can you talk about that term, insider, and how can people become insiders? Well, there’s many ways. It’s the moment you go into… I love real estate, because the moment you go into real estate, I’m using debt, and the moment I use debt, I pay no taxes.

38:48 And all the other financial planners who advise these guys here, the 401ks, RRSPs, superannuations, they tell you, “Get out of debt.” On this side here, I’m using debt. It’s called OPM. And so the moment I go into real estate, I’m an insider. So I actually control.

39:07 I don’t care if it’s a little one-bedroom, two-bedroom house or whatever it is. I’m now in control of the deal. I’m the manager. But when you give your money to a mutual fund, then you’re hiring a manager, and supposedly an ETF is automatically managed for you. But to do what this side does, when I was about 18, I had to make my make-up my mind, which one was I going to be?

39:35 Then my education changed. It always changed. And so I do have a college degree. It’s a Bachelor of Science in oil, and it made me a rich man. But you have to choose your degree.

39:50 But I also, what made me rich is, I also have my rich dad’s information. I invest in the oil well, not the oil stock. And I’ll say it again: The Fed cannot print oil, right? Yeah. So you like things that can’t be made up, which is oil, real estate, gold, silver, and sometimes some crypto, like Bitcoin and Ethereum, which we can get into.

40:20 But you like to hold real assets. The greedy bankers are about to do it again. In 2008, they crashed our financial system and nearly bankrupted the entire global economy. Then they received trillions of dollars in government bailouts, and after they demanded fat bonuses, paid for by you, the taxpayer. It turns out the banks haven’t just been screwing the American taxpayers.

40:52 They’re also screwing over their investors. Turns out the banking industry is the worst place you could put your money, despite enormous taxpayer bailouts. Now the bankers are back to take away your financial freedom. They lie and tell you that cryptocurrency isn’t safe. They try to make it illegal for you to choose how to invest your hard-earned money.

41:20 They lie and say cryptocurrency is used by money launderers and criminals. But look at the record. It’s the banks themselves that launder hundreds of billions of dollars every year for the biggest criminal operations in the world. Leaked documents have revealed how some UK banks have helped criminals, money launderers, and Russians under sanctions. American authorities discovered that the Sinaloa cartel moved $881 million through HSBC accounts, as bank officials turned a blind eye to the illegality.

41:55 The bankers lie and say cryptocurrency is not a real investment. Meanwhile, the smartest CEOs in the world are buying billions and billions of it. The truth is that banks lie about cryptocurrency because it makes them scared. The banks take nine trillion dollars per year of your hard-earned money, and they are worried that they will finally be exposed. They’re scared, because crypto means they can no longer control your money, which means they can no longer control you.

42:33 They are scared because you might actually understand your money and intelligently decide what to do with it. Now is the time for us to come together, fight back and take control. It’s time to educate ourselves, our families, and our communities, because financial education means financial freedom. We know that cryptocurrencies will help us build the new decentralized financial system of the future, a banking system that is of the people, by the people, and for the people, a banking system where access to finance is a fundamental human right, a banking system that is free and fair and welcomes all humans on this earth.

43:24 The DeFi revolution is happening. We the people can no longer be fooled. We choose to take control of our finances. We choose to take control of our freedom. We choose to take control of our future.

43:38 Join us, and let’s take back our financial freedom forever. I think it’s, you know, it’s like your name on your show, Real. I want real, you know, and real for me, because I’m tactile. You know, the tea, touch and peel it. I control it.

44:02 I can taste it. So I just recently, you know, like food is a big… food is real, so I bought a Japanese Wagyu bowl, and it’s high return on that, because all that guy has to do is sit around, eat and ejaculate semen, and we packaged the semen. I love having you on, Robert, you know what I mean? I’m a capitalist. I don’t care what the guy’s doing.

44:31 Just have a good time, play with yourself. I don’t care what you have to do, but give me a semen and then I impregnate… I impregnate cows with it, and I get the offspring, right? Yeah. To me, that makes sense.

44:47 The Fed cannot print a Japanese breeding bowl, right? And by the way, I was so shy in high school, I didn’t even kiss a girl. A bull, I think it was a girl, and I used to go to the dairy up the street. And this is in Hawaii, Hilo, Hawaii, and I’d watch the breeding bowl. He’d sit there like this, and they bring all the cows in, and that guy just sat there having sex all day long.

45:14 So at the age of about 15, I said, “My god, I want to be a breeding bull.” So at my age I can’t breed much, but anyway, so I bought a Japanese breeding bowl, a Wagyu bowl, and the reason I bought Wagyu and not Bull is Wagyu is a brand. Okay, I mean, Wagyu is a brand, and because it’s a rich man’s brand. As you know, the rich will always have money, so they’ll always order YQ. I’m happy with hamburger, but, um, it’s a matter of understanding these quadrants here, which is book two and the Rich Dad series.

45:59 Then I had to make decisions: where did I want to operate from? The difference is different types of education. So this is my poor dad here: “Go to school, get a job.” My mom wanted to become a doctor, but I flunked out of school. Not smart, not academically inclined.

46:14 I’m not good with math. I can’t write. It’s amazing, but I write. But on this side here, I can put businesses together, and I like being an insider. So the moment, so I’m an insider.

46:28 I don’t just buy gold, I own the gold mine. I own the silver mine. That’s the difference. Okay. Uh, Robert, I want to ask you a little bit about crypto, and this is a quote from you recently.

46:40 You said, “Bitcoin crashing, great news,” as stated in previous tweets. “I’m waiting for Bitcoin to crash to twenty thousand dollars. We’ll then wait for a test to the bottom, which might be seventeen thousand dollars. Once I know the bottom is in, I back up the truck. Crashes are the best times to get rich.”

46:57 What did you… you were, I think, last time you were here, about a year ago, we were, you were saying that you had bought some Bitcoin and some Ethereum. What have you learned from the crypto markets? What are you looking to do now from those crypto markets? And how have those crypto markets shown people, maybe, what the central banks are doing? Well, I like crypto because I’m technologically a dinosaur.

47:24 I barely use my cell phone. So I talk to younger guys. I also know that I consult to high school kids, because they grew up with the iPhone. You know, I don’t know where my iPhone is. Yeah, but they grew up with that iPhone.

47:41 So I know this one 19-year-old. She started trading at 10 years old on the iPhone. I’m like, “What?” I can barely go to Amazon on my phone. I’m so I’m a dinosaur.

47:54 So when I saw crypto coming out, you know, I heard about it, then I think it went to 20K, but as you know, it always retraces. All booms bust. So as soon as it busted, it went down to a thousand. Then I wanted to test the strength of it, because I took technical trading courses. You know, technicals, volatility, and this here is fundamentals.

48:16 You know, income statement, balance sheet. I’ll talk about this later. So this, fundamentals, which is the income statement, balance sheet, and then technicals. So I took three years of technicals, and I realized my mother was right. I’m not smart.

48:33 It’s best to stay with oil and gold, you know, slow. But anyway, when I watched the technicals drop, I said, “Okay.” So Bitcoin went… this is years ago. I went to 20 from 20 to about one, I think, or so, and I watched it, watched it, watch it, watch it, watch it, and watched the momentum pick up. So I came in at 6,000.

48:55 So I bought it at six, about 60 coins, plus Ethereum. And as you know, profits are made when you buy, not when you sell. So then I watch, you can scream up. I don’t… everybody’s saying it’s a million dollars. I don’t get sucked into the hype, because my rich dad taught me early on: your profit is made when you buy, not when you sell.

49:15 What does that mean? You wait for the crash, right? Crash makes the rich richer, right? The profit is made when you buy. So you should be buying at those times when there’s blood in the streets.

49:26 You should be buying at those intelligent levels, right? Okay, by you know, like right now Neiman Marcus is having a sale. I get sexually stimulated, but if they said Neiman’s going to raise their prices, I back off. It’s that simple, that’s the logic, right? So you’re always entering in at the right time into a trade, because that’s when you make money.

49:53 And you know that. I mean, that’s what traders do. Yeah, there’s traders and investors, and it’s important to be both. Yeah, you have to know the momentum of markets. That’s looking at charts constantly, but then I’ve got to look at the fundamentals.

50:08 What does income, expense, assets, liabilities tell you? Well, that’s why you create a cash flow board game, so that you could understand fundamentals, the income statement, balance sheet. Do you want to talk about the income statement, balance sheet right now? Because it’s a fundamental building block about what you talk about. Yeah, let me prove, pre-see, that I flunked out of school twice.

50:32 I can’t write. I’m not good at math. You know, you can’t write, you have 10 books or 15 books. I sit there like this, you know, but um, um. So this here is Rich Dad Poor Dad.

50:47 This is fundamental. This is income statement, balance sheet. And the reason I went into it is because my rich dad said to me, “I’m flunking. I flunked sophomore year and I thought senior year of high school, and I’m depressed.” My poor dad’s had a big education, for the state of Hawaii, his son flunking out.

51:05 You know, not so good. Not a good sign. So my rich dad says, “Don’t worry. My banker’s never asked me for my report card yet. He doesn’t care what your great point averages are.

51:23 He doesn’t care what college you went to. You want to see, your finance, he or she wants to see your financial statement.” So this is a financial statement in pictures. So this is income statement, income, expense. This is a balance sheet, assets and liabilities, and the lines are cash flow.

51:40 So when a banker looks at your statement, a poor person’s cash flow is going from here to here. You just get sucked out the pocket. That’s not how much money you make. As you know, buying a lot of people make a lot of money, they just spend more money, buy a bigger stuff. This is middle class, and what they have, the ability, is to get a loan.

52:00 So they get a raise, but they buy a bigger house. So it just gets sucked out more, like this way. When the banker’s looking at this, he’s going, “Oh, this guy’s an idiot,” or “This couple’s an idiot.” I don’t care if they went to Harvard or PhDs or magna cum laudes and all that stuff. They can’t manage their money.

52:22 And this here’s what the rich do. I’m creating assets. So that’s why, here’s my little July 2022 first listing on the New York Stock Exchange. Rang the bell. I was going, “That’s the goal of an entrepreneur.”

52:39 But I created an asset. It’s the richest gold mine in the world. Now, that sounds like hype, but I failed at many things, and I’ve looked for gold all over the world. I’ve been to Peru, China, South America. This gold mine, Brian, is 140 years old in Utah.

52:59 Now, what did we do that was different? These smart guys in my company, they took 140 years of logs from all the miners for 140 years, and they digitized the information. They took all these old miners’ logs from 140 years ago, and that’s when Jesus was walking the earth. It took all this data, digitized it, and they were able to put data into 3D. And these guys are fricken geniuses.

53:32 You know, I barely use my cell phone, right? I’ve done all this stuff, and they said they missed them. They missed the major hole. They missed the load, they’re off by 30 feet. Okay, and so they went in there.

53:44 And this is a… so my gold mine that China, I created a gold mine in China, and as soon as we found gold, the Chinese took it. It’s called nationalization. Yeah, you told me that’s called country risk. I don’t trust China. So they took my gold mine.

54:01 Okay, but this one’s in Utah. And then they now have electronic guns. They can hit the ore and do an assay on the spot. So my Chinese gold mine, it was like eight ounces per ton, that was considered pretty good. This piece here is 671 ounces per ton.

54:25 Wow, it’s set in Utah, and the guys took new technology, digitized 140 years of information from all these old miners, and they said, “You missed the load by 20, 30 feet.” And so that’s what we listed on July 2022. Okay, so all the years of screwing up and making mistakes pays off. Okay, and so you have an asset now in that equity. And just to finish off with the balance sheet and the income statement, there’s two important pieces there.

54:58 One is assets and liabilities. You want to acquire assets, not liabilities. Poor people think their liabilities are assets, right? That’s the problem. Yeah, the problem is when they say, “Go to school, buy a house, and get a job, buy a house because your house is an asset.”

55:12 If you look at where the cash is flowing, it’s not your asset. It’s the bank’s asset. It’s cash flow. Where does money flow to? Is it flowing to you, or flowing away from you?

55:23 It’s that simple. So most people buy liabilities they think are assets. Like, “Oh, I have a new Mercedes, it’s an asset.” No, it’s a liability. You’re paying the bank, the insurance company, the gas company.

55:34 I mean, you’re walking a liability. I’m not saying don’t do it, right? But I’m saying don’t call a liability an asset. It’s just a definition of the word. And so, based on that diagram, people should look at their money and first of all realize: are you going cash flow negative?

55:54 Which means no matter how much you make, if you’re spending more than you make, then you’re putting yourself in a bad situation. And are you acquiring assets or are you acquiring liabilities? And if you’re doing any of these things, reverse it. Yeah, and then, the more, and the reason the cash flow game is there’s actually a financial statement like this in the game, the board, and all this, because Maria Montessori, you know, the great entrepreneur, she says, “What the hand does, the mind remembers.”

56:22 So the reason I learned so much is, my poor dad wants me sitting in school listening and memorizing answers from a poor person school teacher, and my rich dad teaching me playing Monopoly. Yeah, so I remembered Monopoly, because the… you know, one house, you get 10 bucks, two houses, 20 bucks. It’s not rocket science. Yeah, I mean, so the more assets I had, the more cash flow I had. So I’m like 10 years old going, “Well, that’s what I want to do,” and my poor dad says, “Get your PhD.”

56:52 “What, oh my gosh, it’s so true though. It’s so true, Robert. You know, it’s so true. Get your PhD, that’s the right thing to do.” I mean, that looks like an asset, but it’s really a liability, right?

57:06 Correct. And look at student loan debt. Yeah, it’s really tragic. You know, there was a new documentary put out called College, Inc. It’s the scam of our college system.

57:16 You know, it was Obama who pushed. He really encouraged everybody to go into student loan debt, and student loan debt is the most onerous, the worst. I would never touch a student loan debt. The reason is, you, I, at least I can declare bankruptcy if I make a mistake. A student loan debt is the albatross around your neck forever.

57:36 You cannot get out of it. And so that’s why I think they’re going to basically… the student loan debt, I think, is in the trillions now, and the events are going to have to crash that too, because the kids can’t function. And so, College Inc., I think Frontline puts it out, or something. It talks about how all these for-profit schools are taking advantage of kids, and all they want is them to get into student loan debt. And they give them these, they’re called diploma mills.

58:08 “Oh, you get a PhD,” but they just want them to go into debt. That’s our college system today, right? And they teach communism while they’re at it. What’s that? And they teach communism while they’re at it, right?

58:19 Inside. They school us the stupid things, as a red shark, the rich are evil, and you know that Klaus Schwab, running around, dabbles and all that. He says, “Someday you’ll own nothing and you’ll be happy.” You know, that’s what Marx said. The number one goal of communism is the abolition of private property, right?

58:43 And that’s what’s happening, Robert. How do you teach a 20-year-old kid these days that that’s not the right way? Like, if you bump into somebody who’s doing a protest on the streets, and they’re saying “tax the rich” and repeating all these lines, and they haven’t lived a life of experience? Have you ever had that conversation with a 20-year-old, and how can you get, maybe, into their heads that maybe that’s not actually the best idea? Well, the best way to teach anybody is, as Maria Montessori said, what the hand does, the mind remembers.

59:13 It’s like you can’t learn to play golf reading a book. You know, the way you learn to play golf is, you get a golf club, put a golf ball down, and swing the club, then you take lessons and you practice, get a coach, play tournaments, and all that. So that’s how I got into business, playing Monopoly. Right, you know the formula for Monopoly is four green houses tax-free exchange into one red hotel, pay no taxes. That was my rich dad’s formula, right, when I played Monopoly.

59:44 So today, voila, I own hotels. I own apartment houses. I own real estate all over the world. I pay no taxes, and I have a billion dollars in debt. You see, you can use business.

59:56 This is the idea here. Once you understand that I borrow money to buy the asset, I borrow money to buy the asset. That’s where the bond market comes from, that’s the repo market, and all that. And all they want to know is how much collateral is in here. I mean, that’s your world, that’s where you came from, but that’s more sophisticated than the average guy.

1:00:18 So when I talk to a 20-year-old, and today we have over 3,000 cash flow clubs all over the world, it’s people teaching people. So my cat, I wish I had one here. I did have one. Well, here it is. This is the Cashflow board game.

1:00:35 Does your chair have the quadrant on the back of your chair? Robert, yeah, yeah, that’s amazing, but this chair is… The Cashflow game, is it upside down? No, it’s upside down. So this here is when you go to school.

1:00:54 This is the rat race. Go to school, get a job, and the object is to get out here, to capitalism. So I’m putting deals together. You know, I’m a deal junkie. I hate to say it.

1:01:08 I’m waiting for the markets to crash, and then I’m going to structure another deal, take it to the bank, get it financed, pull my money out tax-free, and go do the next deal. But 99% of the kids who are 20 years old, they have dreams of getting stuck in the rat race. So again, as Maria Montessori said, what the hand does, the mind remembers. So these kids will play this game 10 times, suddenly the lights go on. Oh my god.

1:01:35 It deprograms them. Right? Go to school, get a job, work hard, invest in the stock market. I want to be a capitalist out here. Right?

1:01:45 And when the lights go on, that’s when they change. But until then, talking to a 20-year-old is a waste of time. Right? Right. And my boys are five and six years old.

1:01:55 Are they too young to play the Cashflow game? What’s that? My boys, they’re five and six years old. Are they too young to play the Cashflow game, or could they play? Kids, there is.

1:02:06 Okay. All right. And there’s also an online version. I like the, um, board game version too, because you have to use your hands. And if you play with, let’s say, three or four people, you have to cooperate, talk to each other.

1:02:19 It’s all these different deals on it, and you’ve got to think, “Okay, well, what’s this deal going to do for my financial statement?” Right? So it’s the doing that changes the mind. Okay, not the thinking. Right?

1:02:32 And that’s what Rich Dad Poor Dad is about. When you’re telling this tale of your rich dad putting you through the paces and making you do all these uncomfortable things that didn’t make sense to you, he’s basically forcing you to use the hand, or to use your actions, to fundamentally understand what money is, what wealth is. And that was another game. Yes, I’m playing. When I’m 10 years old, I started.

1:02:58 So that was, I’m 75, or 65 years ago, and I said, “Are you doing this?” He goes, “Four green houses, 1031 is a tax-free exchange. You know, I take my capital gains out tax-free. I don’t pay taxes legally.” Again, the name of the game: don’t pay taxes legally.

1:03:29 You know, I don’t want to go to jail and do the hula for somebody. So, but I’m always figuring out, if I do this, what’s my tax consequence? Right? So if I buy Apple at ten bucks and I sell it at a hundred, I have a capital gains tax. Right?

1:03:49 The same with real estate. When they flip real estate, that had a tax consequence. So I never flip. I don’t sell. If I have equity, let’s say I buy a house for a thousand, or a hundred thousand.

1:04:03 It’s a million dollars today, but I have to have the income to support the valuation, as you know. So I’ve got tenants in there, and all this. I go to the bank and say, “My house is now worth a million dollars. I have this much cash flow coming to it,” and I borrow fifty thousand dollars. When I borrow debt, it’s tax-free.

1:04:27 Debt is tax-free, because money is created when people borrow. And again, in 1913, in the U.S., the Federal Reserve Bank was created, but so was the Internal Revenue Service. Created. Coincidence? Um, Robert, I want to ask you about crypto, because you know, when you came out and said you had bought some Bitcoin, Ethereum, a few years ago, most people were surprised.

1:04:56 And like you said, you’re in your 70s, you’re not exactly the most tech-savvy person, but you saw something there. What did you see in those things, like real assets, things that couldn’t be created, digital scarcity? What do you see in crypto? Well, it’s like when we entered the information age, or the invisible age, where everything is now in cyberspace. So because of…

1:05:20 I am very, very… I’m horrible. I have to call somebody to help me order on Amazon. That’s how bad I am. But I also respect that I don’t know anything.

1:05:29 So I talked to younger people, and I was asking them, “What do you know about this? What do you know?” And they had the same concerns I had. You know, they don’t trust the Fed, they don’t trust the Treasury, and they don’t trust Wall Street. And that’s the same reason I buy gold and silver, and why am I an entrepreneur.

1:05:49 So when they explained this whole thing to me, it’s when the market crashes, you know, the technicals, but up, and I want to see if it recovered. And the moment went from almost one dollar for Bitcoin, everybody, you should have bought it on dollars. And I’m not an idiot. You know, I just waited. So when it hit 6,000, I stopped.

1:06:10 I don’t chase it, because I’m chasing the, you know, the momentum going up, moving on to another deal. Okay, so I never sell. Oh, by the way, the plan for my wife and I is, we have so much cash flow, we have so many assets, that what we’re going to do is put it in a foundation, to give it back. We don’t have kids, so all the money we made is going to go back to, um, so-called charities of our choice. That’s what capitalists do.

1:06:40 That’s the Ford Foundation, you know, the Melinda Foundation, and all that. That’s what the capitalists do. But our schools teach you that the rich are evil and greedy, but I don’t see any school teachers with their own foundations. Robert, you mentioned politics earlier. You were talking about the current president, Joe Biden.

1:07:00 What do you see with him, with the Democratic Party? How does that contrast with the previous president, who is a friend of yours, Donald Trump? You wrote a book with him, et cetera. And what do you think is going to happen over the next couple of years? I think Biden could be the most destructive president in history, and the reason is, as soon as he came in, he, again, took off the Keystone XL pipeline, and oil went from $30 a barrel to $130.

1:07:28 He destroyed the middle class, and my concern is, when he did that, that’s what those guys like Stalin, Hitler, and Mao did. History will repeat, and you may not… you know, this here. I’m a U.S. Marine. I went to Vietnam twice.

1:07:46 I flew gunships in Vietnam. I killed a lot of people in the name of freedom, but I saw communism firsthand. So that’s why I said, in 1965, I read the Communist Manifesto. What Biden is doing is communist. He’s an academic type, and he and Obama are communists.

1:08:05 They’re not bad people, but I sincerely think they’re doing the right thing. So when you ask the question, I see this coming up right now all the time, is investing in ESG, and this is a woke movement type of thing. E stands for environmental, S stands for social, and G stands for governance. So I stay out of the governance side. I invest in environment.

1:08:29 I took a company public that’s on the Toronto Stock Exchange selling carbon credits, because these guys here are going to force every stock to comply, which is communism. So if you’re a steamship company, you have to buy carbon credits. So I sell carbon credits to these companies that have a dirty footprint. But Rich Dad’s here, social. All I care about is this growing gap between the rich and poor, because history will prove we’re heading for revolution.

1:09:02 And that’s what I’ll defund the police. That’s what they have, lockdowns, and all this stuff. Yes, and if you look at history, who murdered the most people in history? Communists: Stalin, Mao, Hitler. And that’s what’s going to happen.

1:09:19 So that’s why I get my ass handed to me, because I’m a pessimistic capitalist. I say that’s the five G’s. You know, number one is you must own gold or silver, something precious metals, real, not paper. No ETFs, real physical gold. Number two is ground.

1:09:41 So gold, ground, secondary real estate, gas, grain, food. So that’s why I bought a Japanese breeding bowl, because I always wanted to be one, but I didn’t do it. Vicariously now. And the fifth G, guns and bullets. So that’s why they’re trying to take away our guns.

1:10:01 Right? So what I did was, I didn’t just buy bullets by 20. I bought cases, pallets, because a friend of mine did that, and bullets went from three dollars around to a dollar twenty around. He made so much money selling his bullets. Inflation.

1:10:28 I think last time you were here, you were talking about all the bullets you bought. So those are the five G’s that everybody should own. In your opinion? Well, I don’t… I don’t tell people what to do.

1:10:41 I share with people what I do in real life. Right? Like, I don’t have any stocks, but it doesn’t mean you shouldn’t have any stocks. I mean, I have stocks that I created in my own public companies, but not everybody’s going to do that. And this, you know, that guy always says, “Live debt-free.”

1:10:59 He’s a good friend of mine. I forgot his name, but anyway, I live deeply in debt, but I know how to use debt to get rich, because debt is money. That’s what happened in 1971, when Nixon took the dollar off the gold standard. The U.S. dollar became debt, and that’s created the biggest bubble going. So that’s why they have, you know, QE and all this.

1:11:20 They just keep printing more money. 40% of all money was printed the last two years. Why do we have inflation? Oil and M2 money supply. It’s huge.

1:11:32 Yeah, and it’s crashing. And just to finish, with the government, do you think that the Democrats will go on in two more years, or do you think the American public sees this isn’t going the right way? To say one more thing, you know, I, I stay out of politics. That’s governance. Yeah, I’m more concerned about the social.

1:11:52 I’m very, very concerned about this growing gap between rich and poor. I feel for the poor, you know, the working class. You know, I was at Walmart the other day, and this guy with no teeth had to help me, because I’m so computer illiterate, but I couldn’t use a checkout. And I just smiled, just, you know, thanked him for what he did. You know, be kind to them, smile at them.

1:12:17 They have bigger problems than you and me. And the thing that disturbs me is what Biden did. He made life harder for them. That’s communism. And those are the people that revolve, because without financial education they don’t understand is the printing of money, but the intentional cause of inflation.

1:12:35 They didn’t have to raise the oil prices. So Biden blames Putin. We did it ourselves. America has plenty of oil, but they raise the price on it. They ship it through, they ship reserve car, reserve world of China.

1:12:51 I don’t listen to what Biden says. I just listen, I just watch what he does. He’s the Marxist. So I think so was Obama, but they’re good people, if you know what I mean. They just have different beliefs than you and me.

1:13:03 Yeah. They know not… I don’t, I don’t believe, I don’t believe in giving people money. I believe in teaching them. And that’s, yes, you have a man, give him a fish, you feed him for a day.

1:13:13 Teach a man to fish, you feed him for a lifetime. That’s my social mission. Yeah, amen to that. Uh, Robert, you know, you saw time in war. You just spent two tours in Vietnam.

1:13:26 You’re watching what’s happening in Ukraine right now, and with Russia. What do you see that maybe the rest of us don’t see in a conflict like that, and then how it also affects the rest of the world? great publication. What it talks about here, uh, about the military, and it talks about, um, because I went to military school, you know, I learned how to kill people. Uh, the reason the Russians are getting their butts kicked is there’s a lesson taught in military school.

1:16:58 It’s a 65, is that generals are taught to fight the last war. Okay, and leaders fight the future war. Well, think about that. So, uh, Putin’s generals are fighting World War II. The Ukrainians are fighting the future war, and what they are, as the Marine Corps way of fighting, we fought as small units.

1:17:27 There was no, like, I’m the boss, I’m the leader, and all that. My little private, you know, if I flew the helicopter gunship, we had, like, two privates, probably 20-year-old kids, they’re my gunners. I had one guy older than me, is my crew chief, probably a staff NCO, a staff sergeant or a gunnery sergeant, and there were two pilots who were college educated, and there was no difference between that 19-year-old gunner and me. We were all essential. So it’s called flat.

1:17:59 The military leadership style of a Marine is flat, whereas the Russians have the hierarchy. You know, I’m the general and you’re a private. And what the Economist is saying here now is that the reason the Ukrainians are winning is because they’re flat. Every small unit has the authority to make changes, and all this. They don’t have to wait for a general to tell them what to do, whereas what they’re doing at the same time is taking out the generals.

1:18:30 And when they snipe or shoot a general, the rest of the guys can’t fight. That’s nobody’s going to tell them what to do. So I’m a military guy, with military school. I flew for the Marine Corps, went down three times, crashed into two ships and crashed in the ocean, and I saw war with the right out of in front of me. And I like, but I like what this Economist is saying.

1:19:00 It’s very accurate. It’s how you fight the war. So yeah, all of us have our own wars and battles and problems. We have to face it. It’s how we fight it.

1:19:10 Are you waiting to be told what to do, or are you going to take action for yourself? You’re going to fight like a gorilla. And that’s what happened. You know, what Hitler started, this thing called the Blitzkrieg. So the French, uh, bought World War I again, and they built the Maginot Line.

1:19:27 Hitler’s one of those idiots. So the French were fighting the last war, which is World War I, and Hitler took technology, and he says, “Let’s do Blitzkrieg,” lightning war. So the French built this Maginot Line, but I’m in military school studying this stuff. You know, people are studying. I don’t know what they study in traditional snowflake school.

1:19:50 They said, “So what did Hitler do?” He says, “Well, the French were stupid. They built this magical line, but they left the Ardennes Forest open.” And so Hitler says, “Well, there’s their underbelly. They had no defenses in the forest.”

1:20:07 So he took his Panzers, went straight through the woods, and shot the French from the back. And that’s the lesson: the generals fight the last war. So a lot of people are fighting the last war. Oh, you know, inflation, was those, and the Fed did this, and all this crap. And leaders are planning for the future.

1:20:31 So when I wrote Rich Dad Poor Dad, and all that, I was 25 years ahead of my time because of Bucky Fuller. So you prepare to fight the future war. And so the other thing about Blitzkrieg: Blitzkrieg stands for lightning war, but it also says to win without killing. So I fight with education. I don’t have fixed positions.

1:20:52 You know, I don’t have schools. Traditional schools are fixed positions. I have cash flow clubs, thousands of local clubs all over the world, people teaching people, fighting back. So again, that’s one of the lessons I learned from military school. Generals fight the last war.

1:21:09 They just fight the future war. So we’re in Rich Dad’s position right now. We have thousands of cash flow clubs, people teaching people. We’re using, you know, our format today for YouTubing, straight to them, information. And all of my teachers are real teachers.

1:21:23 They’re real entrepreneurs. They’re not teachers who teach them a textbook. We teach with people, and my instructors are people who do the real thing every day. So I have an oil guy teaching, my tax guy teaches, my real estate guy teaches, my financial planner teaches what they do. And so we go straight to the ground troops, or the cash booklets, people teaching people.

1:21:50 We win without killing. And do you think this war is going to change oil prices worldwide, commodities, anything else from an economic standpoint that people need to be concerned about? I’m afraid there’s going to be starvation, because Ukraine produced a lot of food, Ukraine produced a lot of things. But you know, when you just look, look at it more macro and understand what’s going on. And it goes back again to what Bucky Fuller says, Grunch of Giants, Gross Universal Cashless.

1:22:23 The object of the monetary system was to steal our wealth. So I don’t have stocks. I don’t have bonds. I mean, I do, but they’re my stocks. I’m an insider.

1:22:34 I don’t have a retirement plan, because I retired a long time ago. I don’t need money. I don’t save money. I save gold, silver, and Bitcoin. So I’m just waiting for Bitcoin to retrace.

1:22:46 Bitcoin goes to 14K, I’m back in. But today’s about 21, or something. But the biggest bargain today is silver. You know, the gold-silver ratio is 16 to 1. So let’s say silver today is 20 bucks, so gold should be 16 times that.

1:23:05 Whatever that is, the gap is too big, so it’s actually better to use gold to buy silver, you know, because it’s so screwed up. But I can sit there, because I’ve had some degree of experience in education. So I called my broker the other day, and he goes, “My gold guy,” he goes, “I don’t know, man.” He says, “You’re going to take gold to buy silver?” I said, “Look at the differential.

1:23:29 I haven’t done it yet, but that’s how I think before I act, if you know what I mean.” Yeah. Um, Robert, a separate point. I know you’re a big proponent of free speech, and I’m curious what you thought of Elon Musk potentially going to buy Twitter. And now, you know, obviously it looks like it might not happen, but it was maybe a point to take one of the biggest speech platforms in the world and maybe make it free for the first time ever, as opposed to making it one of people getting cancelled and things being censored.

1:23:59 What did you think of that whole move? Well, I, in theory, I loved it. June, I mean, you know, if I had 50 billion bucks, I might consider it. But, um, the problem is education, Brian. And one of the mistakes, you know, Donald Trump is my friend.

1:24:21 I’ve written two books with the guy. He’s a good man. People hate him, and obviously why, but he’s a very good man, and what killed him was that his cabinet and his internal staff were made up of academics. So it’s like having a Viet Cong in my bed with me. And so the problem is education.

1:24:47 What is their economic philosophy, their religion, of the people inside the organization? Does that make sense to you? Yeah. Yeah, you know, I don’t want to hire a communist to teach capitalists, because their values are different, their cultures are different. Again, it’s economic religion.

1:25:09 So the mistake that Trump made, the Heritage Foundation, all those guys that said they supported him, a lot of hardcore liberal academics in there, they shot him in the back. That’s my opinion. Okay, is he gonna run again? Well, I obviously would vote for him again, but he is so divisive. I mean, he’s really a good man.

1:25:32 You know, I’ll tell you a little story about a good man. He and I traveled the world teaching together. We would teach, like, I think we had 65,000 in Moscone Center in San Francisco, teaching real estate. Again, Trump is more, when we teach, we’re from the social side. That’s why the two books, Russia had them here, but the books were why we want you to be rich.

1:25:57 Just because the poor got wiped out. The other book was Midas Touch. It was about how to be an entrepreneur, because we need entrepreneurs. So anyway, I was on stage with Donald, and I used a lo… you know, Leona Helmsley. You know, she was the queen of being from New York City.

1:26:11 She called people “the little people.” So I’m in New York City at the Javits Center, thousands of people, teaching real estate, and I used the term “little people.” Uh, Trump came up on stage and corrected me. He says, “You never call anybody little. Be respectful.”

1:26:35 And I want to tell you, he practices what he preaches, because his sons and I are good friends, and all this. They’re very respectful to the staff and everybody. They go out of their way. So I was up in upstate New York with Don Jr. and Eric, and I think at some deli, and they took the time, because there are several celebrities, to go talk to the staff behind the deli. So he practices what he preaches.

1:27:03 He just opens his mouth and puts his foot in too many times. And so he’s so divisive. Who knows what would happen if he runs? That’s where we’re at, gender box right now. Don’t you feel it?

1:27:16 Well, I watch it, Robert. I mean, I haven’t lived in America now for 20 years, so I watch it, and it’s hard to believe sometimes, but I don’t live there, so I don’t know what it’s actually like on the ground. What is it like? Well, it’s like I said, I’m, uh, I’m in Hawaii. I love Hawaii.

1:27:31 That’s where I’m from. But I was at a… I had, like, friends for 50 years. We got together, and the discussion came up, mask or vaccine, and I’m against it. I’m against, you know, this is Robert Kennedy’s book, The Real Anthony Fauci.

1:27:50 I’ve had Robert on the show. Yeah, brilliant guy. Yeah, amazing. So anyway, I was at my house in Hawaii, and the discussion came up with masks and all this stuff. And these are friends.

1:28:03 When I went to Stanford, Berkeley, Harvard, and all this, we played rugby together for 50 years. They were screaming at me, “You’re killing people, you’re murdering people.” “What I said, I’ve had COVID. No, I’m killing people. Got to wear the mask.”

1:28:22 So I put my house on sale. I’m out. Colossus, get out of there quickly. Right? Good for you.

1:28:31 Uh, so it’s still very divisive in America when it comes to masks, vaccines, and politics, and well, as I say, you know, choose your women and your friends wisely, because I know families are breaking up over this stuff. You know, I have a hard time talking to my own family members. My sister’s a nun. She’s in India right now with the Dalai Lama. She’s one of the few Western women ordained by the Dalai Lama.

1:29:01 You know, she’s a very spiritual person. She hates Trump, so I, of course, being the big brother, I rip her. As you know, how can you be a nun and hate somebody? That’s a big brother’s job. Robert, if someone’s watching us and maybe they’ve never actually had this conversation with themselves about how they can maybe stop being poor or change their mindset to get into a wealth creation mode, but they don’t know what to start with, they don’t know what that first step to go forward with is.

1:29:38 What would that be? Well, that’s why we created the commercial here. The reason I created the Cashflow game is, as exactly, Maria Montessori is one of the greatest educational entrepreneurs in history. What the hand does, the mind remembers. So just remember this: you can’t learn to play golf reading a book or memorizing answers.

1:29:59 Yeah, it’s impossible, but that’s what our schools are asking kids to do, and they’re teaching them critical race theory. America is not a systemically racist country. There are races, sure, but it’s one of those frias. You know, I love America. I’m Japanese.

1:30:17 You know, I’ve been discriminated against. My family were locked up during World War II because we’re Japanese. We’re Japanese Americans, fourth generation. We got locked up, with all our land taken away and everything. But what did we do?

1:30:31 We came back. My uncles, I had five uncles, fought in World War II. They said, “We’ll prove to Americans…” You know, America took our land and all this stuff. So in World War II, they formed the 442nd Infantry Battalion, Army.

1:30:47 They became the most decorated battalion in the history of the American Army. And three of my uncles fought in Europe, in Italy, Germany and France, and I had two uncles fight against the Japanese in Japan. We proved to Americans, and we don’t hold… it’s not systemically racist. And what really disturbs me is that The New York Times has been doing a 1619 Project, or something, proving America’s racist. Why are they doing that?

1:31:20 You know, I’ve had people not like me because I’m Japanese, but that’s very few. I mean, I can count them on one hand. But for the most part, most people, like you and me, we’re just people. You know, we like people, we don’t like people. So what, that’s life.

1:31:39 But we’re not racist. And then they say America was born as a racist nation. In my opinion, America was founded in 1773, with an event called the Boston Tea Party. You know, we didn’t like the English taxes. Good for you.

1:31:54 All of the tea in the ocean. And I always say America was born as a tax-free nation. But that’s why 1913 was so important. That’s when the Fed was created, the Federal Reserve Bank, and then the IRS. And once they started to tax us, they didn’t stop.

1:32:13 So inflation actually is one of the biggest taxes of all. So when Biden took the dollar, I mean, mixing through the dollar off the gold standard, he screwed us. And when Biden shut down the oil pipeline again, I went to school for oil. I knew what he was doing. He crushed the middle class.

1:32:30 The poor, already poor, but when people can’t afford to put gas in their cars and all that, he crushed the middle class. And so I go shopping. I go to Neiman’s and all that, and Saks. There’s sales all over the place. Nobody’s shopping.

1:32:46 So what Biden did is intentional. And it was written about in that book, The Communist Manifesto: Stage one was 1930, stage two was 2020. When they took down the President of the United States on a questionable election, and Stalin wrote about that. He says, “It’s not who votes that counts, it’s he who counts the votes.” And the issue still in question is who counted the votes, in your state too, right?

1:33:19 What’s that? In your state of Arizona, right? Was one of the pivotal states. Oh, it’s a hot subject here. Boy, yeah, it is.

1:33:27 As it’s still contested here. Yeah, yeah. But I appreciate you saying that. And it’s happening. I never thought, Robert, that I would have heard kids talking about the benefits of communism and socialism in America in 2020.

1:33:41 Like, when I grew up, the Soviet Union was the big bad wolf. And to be a communist was something people would never conceive of. Capitalism was America. It was our ideology that made us different. It’s just hard to believe, and to see that that’s being entertained sometimes in America, you know.

1:34:00 But it is. Yeah, yeah. It was predicted in this book, 1848. What happened in two stages? Number one, the takeover of the education system, that happened in 1930.

1:34:15 Number two was the election, so it was 2020. Robert, I’ve got these two sons that are five and six years old. What’s the best way for me to teach them about money? Is it to get them starting their own businesses as kids? Obviously, we’re going to be playing Monopoly, in your Cashflow game, as soon as possible.

1:34:35 But how can I give them the right education when I’m fighting against the school system that’s giving them the wrong education? Well, I think it goes back to that concept. I studied with Bucky Fuller, 1981 to 1983, and I’m coming up with a book called The Raven, because although it was a futuristic question, how do you see the future? And he said, and what Fuller taught my class, there’s only about 100 of us, three years: he says, “A generalized principle is a principle true in all cases, no exceptions.”

1:35:07 So one of the principles is, the more people I serve, the more effective I become. The reason I created the Cashflow board game is so I could serve more people, not just the rich. Okay. Another one is, “Unity is plural, at minimum two.” So the way I interpret that to mean is all coins have three sides.

1:35:28 We have heads, tails. The third side is the edge. And, as my, I have a cardiac surgeon who’s also an acupuncturist, doctor of acupuncture. He says you want to be the observer of you. So I would teach your sons to observe themselves.

1:35:47 Okay. So on one side, they say, “Well, this is right and this is wrong.” The observer sees, how can the right be wrong and how can the wrong be right? And that way you don’t get too… I get into a lot of fights.

1:36:01 I hate to say this, but I’m a Marine. You’re a troublemaker, Robert. Well, it’s when I argue with the other side. You know, let’s say they said, “Men should become boys.” Why argue with them?

1:36:15 That’s what I do. Anyway, and my, uh, studies say to me, he says, “If you argue with an idiot, there’s two idiots.” Yeah. And so, if you teach your sons to observe both sides and see both sides as right and both sides as wrong, they follow Bucky’s principle: unity is plural, at minimum two. There’s always two sides.

1:36:40 There’s no one side. There’s no such thing as a one-sided coin. It’s impossible. But we also, well, there’s only one way it’s impossible. Yeah, it does.

1:36:49 It violates the generalized principle of that. Okay, that’s good. And I’m going to get him to play Monopoly soon. I remember one, uh, Christmas many years ago, I was playing Monopoly with my stepdaughter and her mom, and, uh, when I grew up playing Monopoly as a kid in San Diego, I mean, we played for keeps. I mean, you tried to win, right, which meant everyone else lost and went bankrupt.

1:37:12 And so I crushed them that night. I think it was Christmas Eve, and I had a big smile on my face. I’m telling you, I was hated in that household for days. But for me, I was doing the right thing. Now my wife, she grew up in Bulgaria.

1:37:25 So, you know, maybe there was the communist tendencies there, but I thought I was doing the right thing by just, you know, winning. But, uh, I’m learn? If you lost, what did you learn? Yeah, yeah. You see, yeah.

1:38:44 And how do you feel about it? Well, what we do is we attack the other guy rather than understand. There was a lesson to be learned by losing. I’ve… you know, you and I have lost many times. We’ve all we all have problems.

1:38:58 We all have what the Marines call a come-to-Jesus moment. You know, come-to-Jesus moments, when it’s between you and God. You’ve got to talk to God at that moment. You know, yeah, maybe. It’s like the reason I say that is, there is my best friend and I were lieutenants on an aircraft carrier in Vietnam.

1:39:17 He exited as a lieutenant general. I got court-martialed twice as a lieutenant. So on my second court-martial, I’m on the stand saying, “You try to tell the truth, the whole truth, and nothing but the truth.” And that was my come-to-Jesus moment. And what I was doing was, I was having fun, flying my helicopter.

1:39:41 I was picking up women, getting drunk, flying all over Hawaii. I was having a good time. So you stopped doing that? No, it’s… and so I was lying about it. “No, no, no, I didn’t do that.

1:39:56 No, not me. No, no, no.” The trouble is, my fuel records. Yeah, yeah. You were logged out for a 10-minute flight, but you burned three hours worth of fuel.

1:40:05 Where were you going? What were the beer cans doing in your aircraft? How can you have women’s underwear in your aircraft? So that’s a bribe. That was my…

1:40:16 I’m on the stand. That was my come-to-Jesus moment. I went home and I sat down and said, “She’s everybody telling the truth.” So I called the process of Hawaii. I was at my last duty station, Kaneohe Marine Corps Station, Hawaii.

1:40:30 I called the prosecutor, the sharp, sharp Jewish attorney, Captain Abrams. “Captain, I’m coming in. I’m going to tell you everything, man. It’s about time to say you’re a lousy liar.” So I took the stand.

1:40:45 That’s why I shoot a second time, and I told them everything, everything, everything I did throughout my history as a Marine, violating the rules, breaking the laws, having a good time, flying hot women in a helicopter. The Marine Corps frowns on that. Yeah, drunk and drunk. And so at the end of that, I sat there. I lost like 30 pounds on that stand.

1:41:10 You know, I just told everything, and I said, “How many years in jail? Like, how many years will I be in jail?” And Captain Abrams locked up. He says, “Thank you for telling the truth.” Honorable discharge out.

1:41:27 Wow. I tell you, Brian, that was a big come-to-Jesus, tell the truth. Wow. That was a liar, huh? You know what I mean?

1:41:41 We all have our come-to-Jesus meetings. That’s fantastic. Some of us listen to Jesus, some don’t. So that changed you forever, somewhat? Well, I do my best not to lie.

1:41:52 You know, so what I’m doing, I said, this is what I do. I’m not telling you to do what I do. Yeah. And if I’m caught in all, you know, and I don’t want to argue, I’ll say, “Well, I can see your side. All coins are three sides.”

1:42:06 I want to throw the person’s side first. I take that time. It’s all respect for them. I don’t call people, you know, little people. I go up to him, like Trump taught me to do, and his sons taught me to talk to him, say hello, smile at them.

1:42:20 Yeah, let them know they’re okay. Yeah, they’ve got pick-up problems, and even me. Yeah. Well, you know, after six, seven years of having conversations with you, Robert, I hadn’t heard this one before, so that’s why I love it when I talk to you. I always hear something new.

1:42:32 And you know, I’ve got about 50 hours in an R22, so I share a passion for flying helicopters too. Well, Robbie, yeah, yeah, yeah. But lawn mowers, they’re lawn mowers in the air. Yeah, you’re a brave man. I’ll tell you what.

1:42:47 Oh my gosh, yeah, going solo on those, or doing an auto rotation in those. That’ll wake you up in the morning, that’s for sure. Um, you know, I went from Florida to Camp Pendleton, California, straight to Vietnam in the ’70s, and we practiced crashing three times a day. Why? Because our life expectancy was 30 days.

1:43:13 Marine pilots in the gunship, 30 life expectancy, 30 days. All that meant you better practice everything you’re afraid of, every day. And so when I got to Vietnam, the only reason I came back is I went down three times, auto-rotated. And as you know, when you’re auto-rotating, you don’t need coffee for that moment. No, you don’t need any Red Bull.

1:43:37 No, no. And for people to know, when you auto-rotate, you shut the engine down, and your rotor becomes a wing, as you plumb it down to the ground, where then you’re supposed to kind of flare up and try to set that thing down, so your seat collapses and saves your spine from being crushed. And you get to practice this for fun all the time when you’re learning to be a pilot, right? Well, the thing I commend you for, but as you know, the more advanced you get, the bigger the challenges get.

1:44:09 So I went flying a training helicopter. Then they put on machine guns and rockets and crews and ammunition. The damn thing doesn’t auto-rotate, so heavy. Yeah. So the first time I crashed, I’m at 1,500 feet, but we practiced crashing with ordnance and crews, because the weight-to-glide ratio changes.

1:44:31 Yeah. So when you have all these guns and rockets and crews and machine guns and all this ammunition, when it goes like this, so what we had to do was, they call it “looking at the eyes of death.” So it went out in real life. I’m in Vietnam, going around, and I ask a senior pilot, you know, just come back and say, “What do I watch on my gauges?” It’s just NG gauge.

1:44:55 Watch the energy gauge. It flickers, you’re dead. So the engine quits, so I’m sitting there, all the corner in my eye, you see this flicker, like, “Oh god, NG.” It means something ingested in my turbines. And immediately, as soon as the thing quit, I had to push the aircraft straight down.

1:45:12 Yeah. So at 1,500 feet, I’m staring at the ocean. That’s looking at the eyes of death. Thank God I practiced it every day in Camp Pendleton, otherwise I’d be dead today. Yeah, all my men came back with me because I practiced crashing.

1:45:30 Yeah, as soon as that engine kicks out, you’ve got to drop that collective, right, and just make sure you’ve got some airspeed. Oh, you’re getting back flashbacks from me. And then we used to do low-RPM auto-rotates as well, where the rotor starts slowing down, and there’s a big beeper coming on. Yeah, yeah, yeah, yeah, yeah, yeah, yeah. And as soon as that rotor stops spinning, then you have no wing anymore, and then it really just does drop like a rock, right?

1:45:56 So I remember those. Yeah, but like you said, you practice that, so in that split-second moment you can save the day. Right, right. You can’t learn reading a book. No, no.

1:46:10 And having a great teacher really helps. When I had some great teachers at Camp Pendleton preparing us for the next level, so we could fly the regular Huey helicopter, but when they had machine guns and rockets and crew and ammo on it, it’s a different aircraft, man. Wow. And Robert, when we had our long conversation in Phoenix, you talked about that out-of-body experience you had when you were going through one of those crashes. And yeah, so many powerful moments you’ve had in your life, Robert.

1:46:38 Um, I have to step back. That’s my, uh, cardiologist. He’s a heart transplant guy, also a doctor of acupuncture. He says, be the observer, right? Watch yourself.

1:46:51 And so that’s the edge of the coin. Watch yourself. I watch my thoughts. I look at both sides. I do my best to not always…

1:47:01 But that’s like, not really religious, but that’s to come to Jesus. You go, okay, I’d better, this is it. Yeah. If I go, if I don’t do a perfect job, four people go down with me. We all die.

1:47:20 And that’s what you practice for, for that moment. Yeah. And so that’s why I study like crazy. That’s why I create the Cashflow board game, because, like I said, you know, you were the few guys that let me come on your program and gave me enough time to explain my chicken little attitude. You know, the sky is falling.

1:47:37 Unfortunately, the sky is falling today. China crashed in 2021. We’re crashing now. Yeah. Well, I appreciate you telling us about this, Robert.

1:47:46 I appreciate you having the guts to go out there in the face of it all, uh, and be the chicken little, um, when everyone else was just trusting the Fed and waiting for the S&P to go up and up and up and now it makes your wisdom. It makes it really powerful, right? Now, Robert, thanks for doing what you do. Um, how do you keep doing what you do, Robert? You’re in your mid-70s now, but you wake up every day, and you act like you’re 20 years old.

1:48:12 So how do you do it, and what are your plans for the next five years? Well, that’s an article in, uh, the Boris Biden now. This one here, on the military article in the military. Yeah, he says a small unit it’s called mission command. They run by the mission, and mission is spiritual.

1:48:33 You know, it’s what each of us has, a mission, a purpose. And if you find your purpose in life, let that guide you. You know, so the mission of the Rich Dad company is to elevate the financial well-being of humanity, and I created a fluid system with a Cashflow board game so we could teach people all over the world. So again, it goes back to the military lesson: generals fight the last war. They, despite the future war, so that was imaginable.

1:49:03 Line in France, they built this old antiquated system of trench warfare from World War I to World War II, and Hitler had a better strategy. He went to Blitzkrieg, lightning war, or how to win without killing, and he went through the Ardennes Woods, shot the French in the back, and took Paris. You know, so that’s kind of what I teach. Oh yeah, you’re into killing me. A break.

1:49:30 Give me a break, you’re being killed anyway. So again, the story goes, why don’t… why, what does school teach you about money? Is that a mistake? I don’t think so. And how come, how come when 2021, when Evergrande and China collapsed, why did they block everybody?

1:49:50 Why did COVID appear again? You know, I, so I have a suspicious mind. And then what happened in America on September 17, 2019, our repo market collapse. The repo market is the collateral market. It’s like you put your house up for collateral, and what happens when a repo market collapses, which are generally Treasury bonds, you know, bond market.

1:50:15 They said, “Your collateral is no good.” So repo market collapses, it’s because your collateral is no good. It’s fake. So when I saw that happen on September 17, 2019, I went, “Oh my god, here it comes again. COVID appeared.”

1:50:35 So you recognize that. You know, I love it, Robert. Thank you so much for being here. What’s the best way for people to follow you? Your Rich Dad YouTube channel is incredible.

1:50:50 I love your content there. You’re pretty active on Twitter. What’s the best way for people to get in touch with you? Well, I would look into, if you really want to learn and not just talk about it, I would seek a cash flow club in your area all over the world, in different languages, and all this. And join a club.

1:51:08 You know, one of the most interesting things is that, um, this guy named Wozniak joined the Homebrew Computer Club, because computers were just starting. He was at the Homebrew Computer Club. They announced the Apple I. And so that’s what Trump and I write about in our book, Midas Touch, and all that. The entrepreneur is going to say, this entrepreneur can save you, because we have too many bureaucrats today, as you know.

1:51:36 Yeah, you know that people want to study, a job, a paycheck, and a pension. And that’s where this book here… they’re toast. Anyway, you know what? I knew it. The baby boom generation is in serious trouble, because they’re the first generation with what’s called a 401k or IRA, with no financial education.

1:51:56 That was 1974. I saw that coming. I said, “Oh my god.” And so that’s, I found the book here, is called Midas Touch, by Trump: how to be an entrepreneur. Push the nose forward, crash your own plane.

1:52:14 Don’t wait for the crash. Fly your own plane. You know what I mean? And if I could plug my book, Capitalist Manifesto. I don’t know where it is, but oh, here it is.

1:52:23 Yeah, and it’s on Amazon right now. I wrote this book after September 17. Love it, because it’s a counter of this book here. But Marx was a better writer than me. I took too many pages.

1:52:36 But I could cover, we were warned, because I read this book in ’65, and just read this here. This is Nikita Khrushchev. The position statement of this book is how to counter communism taught in our schools by teaching capitalism in our homes. That’s this book. That was Rich Dad Poor Dad.

1:52:54 This is Nikita Khrushchev, and it validates this book here. Since we were warned, your children’s children will live under communism. You Americans are so gullible. No, no, you won’t accept communism outright, but we will keep feeding you small doses of socialism. That’s exactly what he said, until you finally wake up and find you already have communism.

1:53:20 Nikita Khrushchev, 1959. He says, “We will not have to fight you. We will so weaken your economy you will fall like overripe fruit into our hands.” Kaplan’s Manifesto. All this book is on the warnings we’ve had all these years.

1:53:37 It’s a kind of this little book written in 1848. And that’s why I wrote Rich Dad Poor Dad. That’s what I want. This book here, Fake, and all this. “Don’t fight the Fed.”

1:53:48 You know, my god, how stupid can we be? The Fed fights for the rich. That was Bucky Fuller, Grunch of Giants, Gross Universal Cash Heist. So true. We’re going to have a link for the Capitalist Manifesto in the notes below.

1:54:03 Uh, thank you for continuing to print these pieces. Find your local cash flow club. Uh, get the game as well. I’m going to get my boys to start playing that as well. And, um, Robert, it’s great having you here.

1:54:14 For people that want to take helicopter lessons before you fly a helicopter, yeah, I would suggest doing that. Get some R22 lessons in there, maybe. you? Well, my result was that inside each of us is a rich person, poor person, and middle class person. It’s up to you to choose who comes out.

1:54:55 You know, if you’re taught to go to school, get a job, and wait for the government to take care of you, you’re going to be a poor person, because that’s a stupid thought. Right now, our government can’t even take care of itself, and they’re actually rigged, about rigged against us. So that’s how I hold it. All coins have three sides. The Fed works for the rich.

1:55:18 Always remember that. The Treasury works for the rich. So take lessons before you go flying, Robert. I always enjoy talking to you. I love how politically incorrect you are, and I love how you’re just being you.

1:55:35 So, uh, please keep doing what you’re doing, and I’m assuming we’re gonna keep having these conversations for the next couple decades. So, uh, thanks so much, Robert. Next time, let’s do it in London, or I’ll come out to the States and see you, and just keep doing what you’re doing. You’re so inspiring to us all. Of my students in my academy love you.

1:55:50 People treasure these conversations, and, uh, you’re just a hero. So thank you so much, Robert. And thanks for being real. I appreciate that too. Thank you.

1:56:00 All right. You’re welcome, sir. All right, all the best, thank you to everybody. We’ll see you next time on London Real. Take care, bye.