America's in serious serious trouble these are not normal times we're going for a rough ride it's a very trying time throughout the world economy China's in trouble Germany's in trouble America's in trouble and that's my concern the great battle on the planet Earth is Marxism versus capitalism in 1965 I was 17 years old I went to school in New York went to military school and U my economics teacher had us read The Communist Manifesto by Marx that was pretty radical you know I mean to a school teaching Marxism but rather than study canes and malus
and all this he had us read Marx and I realized most School teachers like my poor dad are marxists not bad people me wrong it's like a religion and as you know what Marx said was abolition of private property was a number one goal and to this guy Claus Schwab out of Austria wherever he's at he says someday you'll own nothing and you'll be happy that's what's going on in the planet and a lot of people subscribe to that my poor dad was a Marxist number two was said workers of the World Unite my part
as head of the labor union teachers union today the biggest Union in America teachers unions and that's why we have no Financial education in our school the third thing was a graduating income tax was essential for the spread of Communism we were tax to death now in America was found as a taxfree nation in 1773 we had the Boston Tea part to Kick the Bloody English out but what happened in 1773 the bankers control the world like it or not they control the world then they still do yes exactly banks are smarter than everyone gives
in credit for they have smarter people than everyone gives in credit for my poor dad was head of education for the state of Hawaii very smart man good man big-hearted but when I read Communist Manifesto in ' 65 I went he's a Marxist abolition of private property hated the rich like taxes labor unions and that's a free country you think what you want and my rich dad was my best friend's father capitalist so I had both capitalist education and Marxist education so I went to military school to learn all this you know I flew for
the US Marine Corps in Vietnam and we killed a lot of Communists out there it was sad my concern is as you know America's going to war again because every time the economy goes bad war starts so that's what brought Hitler to power back in the early years you know but do you think it's going to happen again we're already in it can we explore it a bit because that's a bit fascinating to me I meant by the way something I'm concerned about because when things are going bad for a political movement let's start a
war yes and you can predit more money I fought in Vietnam twice as a marine you know yeah it's very interesting about you talk about institutionalized communism or Marxism perhaps there a better way of putting and in every version of Marxism today sort of watered down so you can't recognize it but it is preeminent in education institutions whether it's University or schools yeah but they don't label it as Marxist they sort of liberal yeah they have a different view on well let's look after everybody sort of thing you know we're going to look after you
how is that in America and why does everybody cop it why do you put up with it kind military school School in New York I had the nominations to Naval Academy Merchant Marine Academy Army Air Force and Coast Guard and we were taught OCTA nonverbal G's not words so the lesson we were taught as Military Officers watch what a person does not what they say so if you watch politicians I don't care what party watch what they do not what they say so the first thing I'm not Republican or Democrat the first thing Biden did
was he cut the Keystone Pipeline from Canada to America and I'm an oil guy I went to school I worked for Standard Oil I went to school to drive oil tankers for standard oil and the price I was selling oil under Trump for $30 a barrel the moment Biden came to office and cut that pipeline oil went to 130 us I knew exactly what he's going to do he wants to create a gap between rich andp and that's Revolution as you know it takes that Gap to cause Revolution Division division yeah anger so America is
a very divided angry country right now and they can't figure out what's happening you know why did Biden cut the pipeline he didn't have do the second thing he opened our borders and 10 million people streamed across watch what a person does not what they say so there's so much goofy stuff going on in America we're so divided right now it's not safe it's not good well Bobby Kennedy's a good man nobody owns him and he wrote about this Co thing and all this he wrote against fouchy big Pharma runs the world sort of the
banks as you know so Bobby Kennedy is like his family he can't buy them I like Bobby Kennedy it's not Republican or Democrat I just somebody who actions speak louder than words and so Bobby Kennedy took on big Pharma which is good my concern you know as Stalin said years ago he says it's not who votes at counts is who counts the votes but America's a bad habit of taking out the kennedies so America's they're messing with power and the banking Powers you know the cartels the Federal Reserve Bank is not an American Bank it's
a cartel of the richest banks in the world you don't play their game they stomp on you so that's my concern you know money is power like it or not what do we do about that my idea way back when was educate yourself I learned investing playing Monopoly and Maria montor you she's one of the great educational entrepreneurs she said what the hand does the Mind remembers so in school I sat there words went in one ear out the other you know just said nothing and that was my poor dad lecture lecture lecture lecture talk
whereas my rich dad taught me about investing PL Monopoly four green houses red Hotel so today I own 10,000 rental units and three hotels you know I also invest in Bitcoin I use debt and use all that everything school doesn't teach you so when I saw your CV you know with mortgages and all that That's essential but you're messing with fire it's a golden rule who has the goal makes the rule and the first thing my rich dad said to me if you're going to be a rich man you better learn two things right now
be an entrepreneur but he says you've got to learn how to sell and secondly you've got to know real estate cuz real estate is debt and taxes what what do you mean debt and taxes so in 1974 I took my first real estate cour and open my eyes up because you don't need money to buy real estate and you pay no taxes on top of it so just before I get out of the Marine Corps you know I get a job with zerox to learn how to sell so I got sales and then I understood
real estate so why am I rich man today because I took two courses learn how to sell and learn about real estate and my poor dad the PHD says go back to school get your MBA and get your PhD then i' wind up like you the depth of their resources both MoneyWise but intellectually but also data I mean their data resources are outrageous what they know about you if you're a customer of somebody a big bank or a big farmer or a big Telco they know everything about your life y they know what you do
where you go how much you spend how often what on how many times you go to the Cino online casino Gamble and as this cash disappears your behaviors our behaviors become much more available for others to collect data on where do you see us going with all this stuff Robert like I feel like it's closing in on all of us and we can't stop it Marxism is not only about making sure that no one owns anything but in fact we don't even own our own dignity we will lose all our privacy correct well I think
it was inevitable was going to happen that money would go crypto think I have 70 Bitcoin crypto is good I'm talking about when Banks run let you're deal in cash now that's what I'm saying is I'm getting off the banking system so I own a lot of gold and silver things like that so I don't want anything they can print so I own stocks but at my company I took them public and my goal was to take companies public on New York NASDAQ and Toronto Stock Exchange I got New York I got Toronto Stock Exchange
the summer I go public on NASDAQ says I control the paper but I'm an entrepreneur you know that's trained to do this stuff take control of your life and if you can control your money you control your life years ago I read a book by R Buckman Fuller was in 74 grow Universal cash ice simply said your wealth is stolen via your money so the harder you work for money more tax you pay inflation you put it in the bank inflation steals it fees all that I'm not against it I'm saying wake up should buy
Bitcoin today I mean bitcoin's at record highs at the moment again should I buy these cryptocurrencies should I start to step into these environments when do people when should they invest in these environments at the height of the market or is the market going to continue to grow or should they seek another one like perhaps they should look at ethereum or some other currency that's cheaper how do they should young people approach these markets well it's very simple you've got a choose your education you know if you listen to a financial planner like a superperson
they can to put you in stocks and bonds and bonds are crashing you know it used to be Bonds were considered safe today they're the most dangerous asset you can put your money into the S&P 500 is at all-time highs and my generation the Borman generation is getting ready to retire you know this old cartoon character Lucy and peanuts and so Lucy would hold the football of this and Charlie B R up and she pull the ball away I think they're going to do that to the Boomers we're going to steal our pensions they're already
stealing it so the American baby boom generation is a 50/50 chance won't retire all the got is our house now most of them but homelessness is on the increase not bad here yet but look at San Francisco and most beautiful cities on Earth very much like Sydney people are homeless all over the place they can't afford a house I went to see it myself it's terrible it's spreading all across America well there's no Financial education in America you look at our leaders you know most of the people run our Federal Reserve Bank and our they're
phds like my poor dad PhD stands for poor helpless and desperate this guy Baki you know I mean fed chairman when it crashed he dropped interest rates to zero and printed trillions so today America's in this huge bubble there cash sitting everywhere stock market's in a bubble real estate's in a bubble and all this how much longer can go today America is a number one deor nation in the world every 90 days they're printing another trillion dollars to cover the shortfall they're printing more money because our taxes don't cover our expenses they're printing a trillion
dollars every 90day wow and then look at China evergr went down and Market Garden went down China's going bankrupt and so is Germany so you as just say when America sneezes Aussie gets pneumonia and so we The Lucky Country but the world is caving in around you guys so that's the spooky part so that's why I say to everybody buy some silver and silver is about 20 bucks used to be 50 and then I like Bitcoin cuz Bitcoin getss stronger dollar gets weaker this is a correlation yeah so I own like I think 60 Bitcoin
or something not much but you know I was buying it at 6,000 it's better that than losing it you know but given that you're sitting on a profit I mean would you consider cashing it in and taking your profit off the table now well you're a banker I borrow against assets and can you borrow against your Bitcoin of course I can yeah I say gold and silver God's money cuz God put it here but Bitcoin is people's money that's the blockchain technology and blockchain Tech is basically a ledger you know a financial statement and I'm
afraid there I don't have any proof of this but they'll use central bank money to surveil you that's what China does so they know what you're bending your money on if you're buying too many drugs they'll come after you you're doing this so they're going to use our money as a surveillance tool I'm afraid of that so that's why I own tons of silver coins so if push comes to a shelf I'll come pay you in silver I was a pilot in Vietnam it was in 72 and Nixon took the dollar off the gold standard
so my Rich Dad said watch out the world's going to change so so how's it going to change so I flew Behind Enemy Alliance Marines are not the brightest guys on Earth let's go buy some gold he said yeah but as enemy Alliance we'll be in and out very quick so my co-pilot and I we're not smart guys we walk up to the gold window we're in a village you know people are St what the hell are these guys doing here we disarmed no weapons walked in so come as capitalist not Marines you know I'm
talking to this little Vietnamese woman with red teeth and I think gold was let's say $50 I tried to give her 30 for it and she looked looked at me when spot what I said 30 spot I know what spot meant I said I got a spot in my shirt or something and she was talking about gold is the same price throughout the world that little Vietnamese woman I think she went to Harvard she was teaching with the best lessons of all so we came up empty-handed and I flew down to Hong Kong and I
bought my first gold Rand Krueger man 50 bucks I paid for it I still have that Krueger today oh wow and it's now worth 2,200 so the Krueger didn't change in size the dollar came down you know and your financial statement is what your Banker wants to see your Banker doesn't care what your report card says so I can borrow a lot of money cuz I have strong financials as you know if I have bad financials you give me a credit card yeah and know Char more yeah this is your greatest asset greatest liability two
most important words in business which way is it flowing in or out you want it flowing in well I think the problem with Trump he's got guts you know he definitely does and he stepped on a lot of tolls Bankers they don't like him Bobby Kenn John kenned they got taken out so even if he's elected his life is more in danger then it's hard to stand up to the banking system but when they weaponize the FBI and the court system against man that's fascism you know they take our court system and go after him
so America's in serious serious trouble serious trouble that's why he got taken out you know he's I'm going to drain the swamp he's talking about the central banks the swamp they're all in gos what hope is there for the US well I always say you know like put yourself on your own gold standard or silver standard educate yourself we're going in for a rough ride let me see it again China is in serious financial trouble America has the biggest de nation in the world printing 1 trillion every 90 days Germany's in bankruptcy but if you're
hoping the government's going to save you you're in trouble in 2016 I sat opposite Trump and I interviewed him and he said to me one of the things he's concerned about is Australia's training relationship with China yeah he said let me tell you something yeah take your all your inor and everything else that you're sell Co Etc that you're selling to them he said but ultimately you'll end up owing them something you've got to do something about that because the biggest owner of the debt in the United States is China today I would say it's
quite courageous but sort of accurate it's all come to roost now y 8 years later it's all come to roost y we now have this problem Y and China's falling apart economically as well it sounds like we could be in globally for some other crisis correct what it's called I don't know it won't be a GFC maybe a financial who knows cuz the value of their paper the Chinese paper that it holds in relation to American debt correct is not worth anywhere near what it was issued at correct and China needs as much as they
can possibly get yeah because they got a bit of a few problems internally themselves are you sort of predicting not predicting but suggesting there could be a crisis on its way there is one we're in it right now we're it now but his mandate is going to take Taiwan back so create a war solve the problem yeah that's War you know and so what's going on in Ukraine and all this it's terrible I mean I hate War I just hate it I fought twice in Vietnam killed a lot of people but it's about money as
you know it's a very dangerous time in world so it's important that everybody take responsibility for yourselves financially not expect the government to take care of you you know save gold silver or Bitcoin and protect yourself now with a brain you know but don't expect the government to take care of you you sit behind these superpowers going to war and uh spooky do you think war is inevitable well historically yes see what brought Hitler to power was the Yar Republic when World War I and they made Germany pay reparations so Germany went bankrupt Hitler came
to power so every time there's chaos a dictator comes to power so that was fascist that was miscellania and Hitler these are not normal times but I don't know I mean I was just prepare economically prepare you're not sort of suggesting be Doomer and go and HK it down and build a vault underneath the house and fill it up with cans of baked beans and water et just watch historically I mean you the banking business 2019 the repo Market collapsed that's where the banks go to borrow money it collapsed and then suddenly Co appeared I
went oh is this an accident that's interesting interesting cuz like watch the stff is there a coincidence it means if I'm a bank and I've got mortgage assets if I got a pool of mortgages which are my assets and I've got liabilities where I've borrowed money from depositors on the other side if I'm a bank repo means that I can go to the government the government will buy my mortgages off me for the face value of the mortgage so if I lend Rober $100,000 and there's 10,000 Roberts in my pool and I need some cash
to lend more money to more Roberts but I'm running out of cash cuz I'm a bank because I'm not receiving the deposits then I can go to the government and the government runs a repo program where they will take my mortgages off me in your case they put them in fny May Freddy Mac and they'll give us cash for it as the bank and then we're going to lend some more money and the repo Market you're saying in 2019 prior to co collapsed so there wasn't as much liquidity in the system liquidity being money available
for the banking system cuz what you just is really interesting because when Co hit within 4 months our Central Bank here cut a check of $10 billion to our banking system they said Banks here's $190 billion we'll give you to A.1 of a% fixed for 3 years yeah go lend it and of course that created inflation and the bubble bubble yeah the property market bubble it just went off and then of course last year the uh government said well we want that repay cuz the 3 years is up 2023 now the banks are raising money
% so our interest rates are higher you know who's suffering the consumer the average guy the guy borrowed money three years all of a sudden he's gone from fixed 1.9 now he's paying 7% our consumers are paying for this the banks are making the same amount of profit as they've always made they're just charging the borrower more Y and the way forward was we're going to put interest rates up Y and now the consumer bearing the risk of this you know what's really interesting I remember Milton fredman I remember watching him in the 90s and
it's up on YouTube these days for and he says consumers never create inflation governments do correct they print money they print money and they make it available for yeah and the only people make money out of that is the rich people at the end of the day I think what you're sort of saying is be like the rich guys yeah think like my rich dad not my poor dad learn from the rich dad and I think what you're sort of saying here it's quite compelling there's no point fighting against the machine I mean you can
storm the White House or whatever you want to do but that's not going to do anything at the end of the day the system will close you down yeah educate yourself educate yourself right it's easier to do something for other people give and you shall receive when you do it for other people stuff comes in but if you're just taking for yourself who cares you know you're greedy and that's a big big difference there and if we don't educate ourselves then shame on us but schools will not do it cuz schools are complicit with the
banks they're Marxist and I respect the freedom of choice you can be a Marxist you can be a capitalist but without Financial education as you know in the banking industry if you don't have any Financial education you can't be a capitalist as my rich dad taught me it says you're Banker never ask you for your report card your bank want to your financials the other thing about financial literacy is do you speak the language of money so when I hear guys throwing on I and this I go no it say how much money is coming
in how much money is going out what's an asset assets put money in your pocket liabilities take money from your pocket if you change your vocabulary you change your life that's how powerful words are but they don't teach you the language of money they don't teach you taxes at school and Trump I don't pay taxes legally if you know what you're doing you don't have to pay taxes see the more debt I use debt became money in 71 when nion took the dollar off the gold standard the more debt I use more tax breaks I
get yeah why because if you and I don't borrow money as you know the economy crashes so we have to have people borrowing money for the economy to keep growing so that's why they keep raising interest rates people can't borrow money Meanwhile your population's increasing people can't afford to live here now I think it's up to every individual to take control of their own finances their own financial statement and don't expect the government to take care of you that's very liberal is kind but you know I was taught you teach a man a fish you
feed them for Life give a man a fish you feed them for a day and socialism was to give people fish it makes the problem bigger and worse
