This Video Will Make You Rethink Everything You Know About Money

I don't think God wants people to be poor poverty hurts I mean I don't like it and today in the world is this gap between the rich and everybody else and I know the game of the rich the game the bankers and the rich play is different than what they teach you in school and that's the story of Rich Dad Poor Dad you know my poor dad PhD student stands for poor helpless and desperate they Don't know anything about money and he's teach they're teaching our kids I'm sitting in this classroom and my MBA Accounting

teacher doesn't know accounting and I'm going I'm going nuts I'm not an accountant but I knew he wasn't an accountant also so I took him on and said I said are you an account he goes I have a master's in accountancy I said that's not the question are you an account I have a master's in accounts said you're a fake you don't know what You're talking about and to this day when I listen to what people are teaching kids about accountancy it's bad accountancy they count anything of value as an asset they count your car

as an asset your house as an asset when it's really taking money from your pocket your retirement plan guess what it's a liability it's taking money from your pocket every month and whose pocket does it go to Wall Street assets put money in your pocket liabilities take money from Your pocket an asset is a noun like a house cash flow is a verb so to understand if it's an asset or liability it takes a noun plus verb so if the cash is Flowing out of your pocket it's a liability if the cash is flowing into

your pocket it's an asset and so are free it doesn't take millions of dollars to change the world just change your words thank you very much question I want to know is how do I beat the a Students because in school no matter what class I was in I was always a sea student no matter what happened I how come I'm always a sea student and I never really understood why so though that's why after I was about 27 years old I started researching education the system and all this then I realized the whole system

was set up for people like me to be in the middle you know because what they found out in ' 83 was that there were seven different intelligence Guy Garder and I'm not strong in the top two intelligence which is reading and math I'm a horrible reader I'm a horrible writ I'm very slow at math but I'm very good with my hands and I'm also pretty good with what they call intrapersonal communication there's interpersonal which is communicating another person but intrapersonal is that communication with yourself and if a person's very good with communication with self

you Have a better chance of success so the way I chunked it down this has been 30 years and again I'm not a rocket scientist or a brain surgeon is that the way you beat an a student was I finally figured it out was that we had three parts to a brain we had the uh the left brain the right brain and what I call the subconscious brain generally when when we say somebody's good at reading and writing in math they're generally left brains so These are the guys that do well in school there is

not me I can read and I can write but I read very slowly and I can count as fast as my fingers can cheat on the single and the right brain is the creative side so this so this is analytical and this is creative so the way I solve problems is very simple the way I beat an a student is if I run into a problem say I don't have enough money or how do I put this deal together or how do I get to do this it's not left Brain it's creative I go spatial

so people who are artists and musicians and things like this they're more right brain they get hammered in school you know what I'm saying and then the subconscious mind this is what they call the reactive mind also is I think called Reptilian Brain in here this is Primal this is fight or flight it doesn't think it reacts so when I say to most people quit your job it logically the left brain goes oh yeah I could make a lot of Money as an entrepreneur and the right brain goes yeah then I can have my new

cookies go out in the market and I get rich and the subconscious mind kicks in and goes not you you know the fear kicks in and all this now the moment that fear kicks in or greed it doesn't make any difference the brain drops the blood drops out goes here the moment the blood drains out of here from the two things called the Kate arteris it pulls down it goes reptilian You turn into a little reptile and cannot think anymore that's for the last 30 years I've been watching that so when I talk to certain

people don't mention who I talk to them they go reptilian me so fast I can't believe it what if I fail make a mistake you know it's to risky out there or that's fear and the other one's greed you know the when the real estate market was climbing all of these guys who had no business in real estate jumped In you know and the market crashes they all jump out so in other words they go reptilian do does that make sense I call it the lizard and when the sun's hot they clown Sun's cold they

go and they can't think because this is thinking that make sense guys so the other side of it is with me personally uh there is the battle between the fat boy and the stud I mean every single morning I wake up and the Stud says okay time to go to the gym and the fat boy goes nah not this morning and I'll think so you know I think I'll have a little chocolate latte and relax a little or when they say I'm going to be rich and the subconscious goes not you you're a loser you

know you know what I'm talking about here it's the battle it is the battle constant and so the battle is between the left brain the right brain and subconscious and for those that know Me the last 30 years that's all I've been talking about so I can educate this but I found out this was the most powerful it's called the reaction is The Reptilian so when I say I'm going to go make money no problem all three brains line up it's Crystal I don't have any fear there but I learned I also learned this in

Vietnam you know there said a machine gun over there they go Roger Dodger you know he goes left brain right brain I'll take that bastard off it's Only one of us is going to go home today and it's going to be me I'm going to kill him you know but you talk to other people what if I die you better not fly with me cuz I don't want you get my aircraft if a person cannot control their subconscious mind I don't want them on my team because they'll Panic they'll blow it they won't shoot when

they have to shoot they'll run when they should be going forward you know they'll back up and Things like this so these are the whole thing so in the battle of the human mind it's all inside of here it's best I can see so making money is not an issue you know going to the gym big issue eating is an issue for me I'm not addicted to I mean I I used to smoke for 2 years when I said I'm not going to smoke stop I drink a lot I can stop I like coffee I

can stop but the one thing as I go past a Chinese restaurant cannot stop yeah baby here we Go you know I'd be driving past the Imperial pay King Chinese pouet and automatically the car would turn right and I'd be in there and my left brain would going stop stop stop do I make sense so the discussion today is can somebody be addicted to being poor and I think it's possible and I don't know what it is and can somebody be addicted to being poverty absolutely you know can somebody Be addicted to being an employee

even though they hate their job I think possibly that make sense you guys here this is a different kind of addiction so it's really about the battle between all of us and the way I decided I could win in the real world since I couldn't win win here I would never win in the classroom here never there is not a class I would win in cuz I don't read and I don't write terrible I mean I read very slowly and I like to cheat it's Called a disgust but you're not allowed to do that in

school but I'm very creative I like to draw paint you know I do play the ukulele know but this is my strongest one it is my inra personal skill is the handling of fear and the handling of grief read that is what makes me an entrepreneur I can handle that you know when when when things get frightening I just turn it around Crank It Up okay when the econom is bad I say yes baby I'm going to kick butt now the Reason I'm going to kick butt is cuz these guys have lost their nerve do

that make sense so right now as the economy starts to go into a recession people are starting to panic this is the time to get rich but when I talk to most people about a a declining economy you know and they can't think anymore they go reptilian am I making sense here so the way to win on The World Is by and this is the book coming out next spring In 2008 is you get your financial IQ up you need three parts of your brain I grew up in a family of phds so they're Highly

Educated poor people PhD SS for poor helpless and desperate and that's why I talk about my father running for lieutenant governor and he lost he ran against the Govern Governor the governor fired him and said you'll never work in the state again so I'm in I'm I'm in college at the time at the Academy and My poor dad is now broke PhD didn't help and so I'll ask everybody this question again what did School teach you about money answer is nothing that's not a mistake flat it's part of the Communist Manifesto and that's why I

said earlier when you read if you read Marx's book The Communist Manifesto It's only 50 pages you'll find out that the first things that there was and this is 1848 Mark says Communism would evade in America in two stages Stage one happened in 1930 it's my opinion cuz he was already dead by 1930 it's happened when Columbia University's Teachers College invited in Marxist teachers from Germany and then I I believe it's my opinion and I'll take the heat for this it happened in 2020 when my friend Donald Trump loses reelection to this guy where in

the world is Joe Biden I think Biden is one of the biggest criminals we've ever had the Biden crime family I don't say what I'm not talking about what he says what is he doing and that's why said to you is my back run is oil I have a tanker officer's degree from Kings Point I understand oil so 2020 the moment he got elected the first thing Biden did was cut down the Keystone XL pipeline I sell oil I mean I own oil wells it's a good investment so I was selling oil in 2020 at

$30 a barrel it went to $130 a barrel within a week and immediately I knew what he was doing he was crushing the Middle class they need to wipe out the middle class flood and that's what Mark said also so in the middle class is toast all you have is two classes of people rich and poor and are civilizations run on oil could you imagine if you didn't have electricity or this and all that energy is what drives our civilization and the first thing that son of a [ __ ] Biden did was cut off

our oil and then guess what he Cuts us out of Afghanistan and when that Happens Saudi Arabia just look at the facts not what he's not what the guy is saying when Afghanistan he pulled us out of Afghanistan so many people got wiped out we left $9 billion dollar there or something and immediately Saudi Arabia guess who they joined they joined Russia so now our price of oil going is up and then Biden tries to buy oil from Venezuela watch what he said does not what he says so but oil is through with a roof

because he's a green New Deal guy It's killing our middle class flood so this comes from Rich Dad Poor Dad and this these are some of the distinctions it was the advantage I had at age n because I knew what I wanted to work for and this here in simple terms is called a financial statement in school they teach you get a FICO score FICO is BS all that means how good are you paying your bills that's all FICO means okay should be the phos score good dog so this is what your bankr wants to

See so when I was 9 years old playing Monopoly with my Rich Dad this is the lesson that's not included in Monopoly but rich dad taught me and fun fundamentally the problem that most people make they go to school to get a job and they work here so this is the poor middle class and these guys and we're going to talk about later your first line out of expense is taxes you know just recently president Trump said he had a tax cut he didn't have a tax cut for these guys as you know the rules

are always written for the rich okay I didn't make the rules you can get angry at me but these are the rules the rich make the rules the Golden Rule who he who has a gold makes the rules yeah so the tax cut went through people here that's where it goes to you'll learn more about this later on but this is what I work for so what I work for number one is I'm an Entrepreneur I want businesses I have multiple businesses and I don't work in them as you know cuz you work here you

never seen me do you no because I don't work for a paycheck exactly next is real estate and real estate is good for many things which we go into but number one is debt I use a lot of debt to buy a real estate and I pay no taxes that's the relationship there the next is Paper and that's saving stocks bonds mutual funds ETFs and that stuff I don't have any of that stuff I don't save money I don't any with that but this is what most people have a go to school get a job

get a 401k and save money loser I'm doing that just to upset you guys cuz maybe you'll start to think cuz I didn't make the rules I'm just telling you these are the rules these people pay the highest taxes and they Work the hardest and the last are Commodities four different asset classes so Commodities are number one is gold silver oil Land water food so this is what I work for when I left school rather than working for a paycheck and working for money my education had to go beyond getting a job which I had

a good job but I now had to start when I left school about your age the thing I I focused on first actually was Commodities so back in 1972 I started buying gold and it was illegal for Americans to own gold you can imagine that W back in 72 today you have Bitcoin it's different okay everything is changing so rapidly today so I started with gold but actually the next thing was actually oil because I went to school to be a tanker officer driving ships for standard oil so I understand oil so I own my

wife and I don't own standard oil or Chevron or Exxon we own oil wells again taxes you get no tax breaks for owning paper oil huge tax breaks for owning real oil yeah and then I went into real estate why because I can use debt to buy real estate and because I use debt I pay no taxes and then third I started my business my first real real business had many many businesses as a kid but my first real business was a nylon and velcro Surfer wet business and I went worldwide right away The trouble

is I was an idiot and the business went up and the business came down what kept me alive was this and this okay so you may say well aren't you working for money but we'll go into that next I don't want what's called a paycheck I want cash flow from here so that's what I mean by the rich don't work for money you want cash flow that pays very little taxes and I can use lots of debt over Here the average person went to school their biggest liability they have is student loans of course yeah

of course definitely I mean it's horrible what they do to you guys today you have student loan which is the worst type of debt of all cuz you cannot declare bankruptcy on it then you get out you try and buy a house and you call it an asset when it's really a liability why because the cash is Flowing that way way your house cost you money every you Rent a house still cost you money right then you have to have a nice car I had one of those this so the problem with most young people

is they go to school to get that job then a lot of them have student loan debt then they try and get married and buy a house have a car and then they have credit card debt but they never have the chance to come over here if they do any investing in America it's a 401k which I would in touch with a 10-ft pull now you should but I don't cuz I don't have to cuz I went to school for here and people who don't go to school should be here this is a 401k Ira

ETFs and that stuff paper savings I don't touch that stuff and we'll go into that later on okay so when I say rich don't work for money I never wanted to be dependent on a paycheck either from employer or the government I want to be a free human being another part of your Financial IQ is to know there's three types of income so if you're going to say work hard most people are working hard for earned income and that's what these guys are working for the trouble with earned income in America your tax rates approximately

50% or as Warren Buffett says it's a shame that his secretary pays a higher percentage in taxes than he did although he makes billions of dollars So when you say to a child go to School and get a safe secure job you tell them to work for earned income the worst type of income the second type of income is portfolio income and today as I speak and they're trying to change this it's about 20% and portfolio income is generally known as capital gain so if I buy a stock for $10 and I sell it for

$50 the uh $40 gain is taxed at 20% or if I buy a house for 100,000 I sell it for 200,000 that's a capital Gains type event so you pay a lot of tax for that and the third type of income which is the which is best type of income excuse me I can't spell again is passive income and this is income that just comes in on a regular basis one of the reasons I am wealthy and is able to retire at a young age is because I worked hard for passive income not earned income

I don't flip real estate generally not portfolio income I don't flip stocks I want passive income so to Today the new rules of money is important to understand what are you going to school to become es entrepreneur or investor and what kind of income you're working hard for earned portfolio or passive and if you know what you're doing you can pay zero% taxes legally and this can be done all over the world people saying we can't do it in my country well these people can't do it in any country but in most parts of the

world governments need These people so they're always giving tax incentives for for investors and business owners who work for passive income so those are some of the new rules of money you've really got to know what you're working hard at and what kind of work are you performing what kind of income are you working hard for nexton took the dollar off the gold standard this became fake but the economy boomed real estate boomed yeah because they were printing This as fast as they wanted to right every time America got into trouble they printed this can

you briefly explain what happens when the government prints a lot of money who does it impact and how well there's inflation right so right now in America I'm sure it's here too many people can't afford to eat anymore it has become expensive yeah the homeless people in America some of them are drugs obvious obviously lot of just can't afford a house right same is the Situation in IND because this is toilet paper and our school teachers will never tell us this because the school teachers are marxists they're good people can we tell briefly what a

Marxist means taxes basically taking money from everybody to equitably distribute and they tax it right I don't pay taxes so a capitalist knows how to use debt right and pay no taxes because hear me out yeah this dollar is a function of debt the only way this comes into existence is Somebody has to borrow money this does not exist this is debt after 1971 so 1974 it became the petrol dollar so I made a lot of money in oil I I went I worked for standard oil for a well and then what happened is economy

kept increasing and all this then they started pumping all the money into the baby boom generation into their pensions these pensions were stolen by Wall Street it's empty so you watch in the next few years you're going to hear more And more from the states our pensions are empty but not what else happened was because my age gener Baby Boomers were pumping so much money into pensions the stock market blew up housing process blew up bond market blew up right now it's all going to come down that's my prediction I hope I'm wrong okay so

this has been happening for decades now I've been studying this for most of my life okay since I was 10 years old I said how come I don't have some of this how come The school teacher doesn't teach me about this right why does my dad always say go to school get a job work hard pay taxes save money right why do that and I rich does say I don't do that I had an interesting uh question here looking it from the lens of the government your questions are very good by the way thank you

so there are two schools of thought right one L one way to look at as a person who is running the country is to ensure the maximum happiness of all the Individuals so equitable distribution of wealth and the other way of looking at it is no not everybody is equal Winner Takes it all and what we've seen over the last decade is that the well income inequality has magnified I saw an interesting stat that around 50 years back the top 1% of the world controlled around 6 to 7% of the world's wealth amen and today

the top 1% of the world controls around 20 to 25% of the world's wealth so my question to you is is that Sustainable or would that if that income disparity keeps increasing would the world eventually collapse due to war it's always been that way there's a thing called paros principle it's called the 8020 rule right so like 80% of the people are poor 20% are rich right there's another rule I don't know the name is 910 in America 10% of Americans own everything the reason there such a gap is our schools teach us to work

for this yeah go to school get a job work Hard pay taxes yeah save money buy a house and put your money in the stock market right I don't touch any of that I'm an entrepreneur I'd rather be like Mr Tata right who owns the stock market why would you save money when they're printing money because you didn't I don't know because that's what you've been told to do of course so question that you see if you cannot think I cannot help you I questioned all that why would I save money when they print Money

that's what's happened in 1971 when President Nixon took the dollar off the gold standard they can print as much as they like then they tell you so that you go to school you get a job you become an employee you pay taxes cuz you're working for money then they tell you to save money do you know why they tell you to save money I don't know because the system of banking is nothing to do with Communism or capitalism it's the banks Run the World The rich Run the World they don't care if you're communist or

capitalist so let's say you save $1 us or one Euro one yen the banking system can lend out 10 so the entire system is called the fractional Reserve System the fractional Reserve System is also printing money then they tell you to save money so they they want you to save money so they can lend out your money 10 times so your dollar became worthless 10 times over and then they used to pay you 10% Interest on your money now it's at best 1% and they're still lending it out 10 times so that's why you don't

save money is because your money is becoming worth less and less and less and less and less banks are getting richer and richer and richer then they tax you on that interest you they pay you that 1% interest if they pay you that much Japan is zero and the Japanese are so stupid they still save money we also have zero yeah and they still save money how Stupid is that so that's what I question so how come that happens now if I borrow money guess what do I pay taxes on debt I guess no why

is that I know you this is this is what I'm saying okay question everything okay so when they lend out money that's how money is created money is debt how do you store value then because we all work and we have a let's say a lifespan of when we are productive and then comes retirement and you retired Early because I don't follow the go of school get a job work hard sayfe so that's hypnosis they hypnotize people into being employees who will work hard pay taxes save money get out of debt and invest in the

stock market until you question those saying those words you'll be a poor person so when they lend out to why is debt tax-free I don't know because that's how money is created and so the banks love it they love people borrow lots of money how do I get rich I Borrow money and I buy assets with it the poor person borrows money and buys liabilities like purses cars houses and they get poorer and poorer and poorer I use by 20 10 I borrowed $300 million to buy real estate that made me Rich and the interest

rates kept coming down so my cost of money kept coming down and everybody else is saying oh you should get out of debt you know why because they don't question the hypnosis they're under you've been hypnotized to work Hard for money to save it the fractional Reserve System prints it and then uh they pay taxes after taxes so I give I have all this debt and I get rich so the question is how do you learn to use debt to get rich because they tell you not to not to get out of debt so all

I'm saying to you is if a person does not question what they've been taught they will always be poor they've been hypnotized into being poor then you put it in the stock market you know in Pensions right so let's say I put $100 in a pension plan when do I get that money back most Romanians don't even dream of getting to pension now I understand that but it's not just Romanians please hear us worldwide this is why I think this is why I work this is why I teach you have to question what they're teaching

you I put my money in a pension I might not ever get it back because they could lose it so the question I always say is well When do I get my money back and the average person has been hypnotized go to school get a job work hard save money and invest in a pension and you never get your money back the whole thing was designed to keep you poor so that's why I argue with you until a person questions what's already been put in their head and that's what my poor dad put in my

head go to school get a job work hard and that's America the same as Romania it's not any different we used Save money put it in the put it in the stock market you never get your money back we all look up to the American dream is it all fake I'm coming down to your book now because no please let me finish okay okay until you question what's already in your head you will do what's already in your head okay there is a I don't know people are Christian or not but in the Bible it

goes the words become flesh go to school get a job work hard save money get out of debt Invest in the stock market buy a house buy a car until you question that you're hypnotized you'll be a poor person all your life so I own 7,000 on rental properties those are assets every month the cash flows in whereas many people have the big house on the hill and the cash is Flowing out right and they're going broke see there's three kinds of income earned portfolio passive so earned income is if I get a job that's

earned Income if I'm a doctor or a programmer that's earned income cuz I'm working for it if I buy let's say Apple for $10 and I send for 20 that's uh portfolio income capital gains yeah but passive income which is cash flow is never taxed the people that are being screwed today are the poor middle class cuz they work for money you know the banker they're not working for money they have money working for them y right very big Difference in mentality here you know money is the financial industry is two things debt and taxes

and we still tell kids to go to school get a job work hard save money and get out of debt now who tells them to do that that's the most ridiculous thing there is the book starts and it says line number one saving money will make you rich yeah it never will why would you save it and why would you work for it if they can print it as faster than you can work for it Our schools will never teach you that the way to keep the poor in middle class working hard is never teach

them what the rich know they don't want what we know out there so that's why fake is fake money fake teachers fake assets question I ask all over the world what does school teach you about money and the answer is nothing they know nothing about money and they teach our kids the thing with Bitcoin is this It's like anything it's not when you sell it's when you buy it you know my rich your profit is made when you buy not when you sell I I don't sell any any of my properties I sell nothing cuz

then I have capital gains tax so with Bitcoin it went up to 20,000 and I watched it drop down to I think 1,000 let's say at that point it became a technical trade there fundamental investing and Technical trading when I saw that thing start climbing back up I said I watched It at six I think six is the number so I backed up the truck on 6,000 so today I think Bitcoin is what 20,000 bitcoin's at 23,000 now but it got as high as 60,000 at one point yeah but I don't buy it 60 right

I bought it at six and I bought a whole pile of it same as I buy gold all the time I don't save dollars I save gold silver Bitcoin ethereum and I don't necess like the stuff but it seems to hold as value Buffett called Bitcoin rat droppings or something like that you Know I'm going but he's a stock guy Grant Cardone buys apartment houses you don't have to buy apartment houses you can buy a bond and B bonds are going down right now do you know I mean you just got to be smarter I

don't have bonds by the way but anyway there's so many things you can buy but like the biggest question is how smart are you with your money and what does school teach you about money nothing and you wonder why School teachers are broke Because they don't know nothing my whole family are School teachers good people nice people Marxist but good people I don't care if you're a Christian a Jew a Buddhist or Israeli I don't really care just show me the money is that show says yeah I actually found the quote I mean Warren Buffett

said cryptocurrencies basically have no value and they don't produce anything they don't reproduce they can't mail you a check they can't do anything and what you hope is that Someone else comes along and pays you more money from them later on but then that person's got the problem in terms of value zero Hey look I'm not saying it's not a smart dude he's a very smart dude you know but yeah you can listen to Grant card don't also you can listen to me you can listen to Dave Ramsey who says live Dead free you got

to choose your teacher sure that's all I'm saying like when I was in Sunday school I was like eight or Nine years old and the Sunday school was a young young teachers in Hawaii and she said why were the three wise men wise and I said I raise my hand you know it's about 8 n years old I said because they a rich and she goes why do you say that you know cuz in church where love of money is the root of all evil she why do they say they're rich I said cuz they're

rich and she goes why so they had gold frankincense and myrrh you got to be rich to have that stuff and she shakes Her head because this violates every one of her Christian values about the love of money is root of all evil right she says no they weren't that's why they why they weren't wise I said so tell me why so one of the most valuable lessons my little Sunday school teacher taught me she says because they always sought the best teacher and for them it was Christ for many of my family it's Buddha

you the Muslims it's Abraham my Jews is Abraham for other guys is all this in Real life seek your teachers if you listen to a school teacher about money I'll pray for you tonight right you know what I'm saying yeah you want to listen to Warren Buffett listen to him it's all the rich guys who are doctors and lawyers or those guys they're getting creamed and they don't know why doctor are getting creamed oh yeah they're making more money but the take home is less sure you know my doctor just yelled at me he's happy

he says Ah good smart I Finally made a million dollars and I said yeah this is just three weeks ago and so I said yeah well how much you pay in tax this is 2014 he says 750,000 in taxes so his net was about 400,000 that's not bad but when I make a million bucks I keep a million bucks and the reason is because I don't make it by working for money see if you work for money you're taxed that's why lesson number one in Rich dead poor dead is the rich don't work for money

what we do Instead is we create businesses as entrepreneurs we acquire real estate I don't invest in stock market so the reason is because as entrepreneurs I have more control over my income how much I make and how much I pay in taxes and because I'm an entrepreneur as well as an investor in real estate I pay zero tax so every time I make let's say a million dollars as an entrepreneur I immed medely invested in real estate I have a 4 to one step up so I put a Million dollars in real estate I

get four 400 I get 4 million from the bank that's why I love Banks but the banks are screwing everybody else you know terrible but it's good for me that's why you say when you print it's good for you but when you print it's bad for people that work for money because when you print Savers get creamed and people who work for money get creamed when they print deers get rich you see debt and taxes make the rich richer and debt and Tax Texas make the poor middle class poor and that's what I cover in

this little book here see when you look at history any time a country printed they corrupted the money supply the Empire collapsed the Romans tried it mhm and it was called debasing the currency debasing means they took a silver coin and they mixed base metals like nickel and copper and those things inside America started doing the same debasing in 1964 so when you look at our silver Coins you know in 1963 there pure not pure silver there were silver and in 1964 go oh what's that little copper tinge there that's debasing so throughout history anytime

a government has debased or printed their money the economy eventually collaps so the Romans tried it you know Zimbabwe did it the Germans did it Mosaic did it China did it so every time they print money his history will tell you the same thing if we know why are we printing money Because people don't understand history who are the people that don't understand our politicians don't understand here the voters they don't teach you this in school here so people can look at the charts you know you can have they can look at the charts but

they don't they don't know what they're looking at you know I was in I was going for my MBA and I had I had to drop out cuz it was getting pretty ridiculous cuz I kept telling the the professor of economics And said you don't know what you're talking about you know and you don't get good grades you don't get good grades are out right so I decided Well I'll I'll avoid the Russian resign now but what they teach you in school is BS it's watered down it's not appropriate for the real world it's good

if you're going to be a academic like my poor dad and you have all the facts and figures but they can't do anything like the Unemployment figures are complete lies you know that Obama says they're at I'm not political not Republican Democrat Obama says they're 6% this guy John Williams who's called The Shadow stats guy he says the real unemployment is 24% so I big difference yeah so I asked so what happened how did you come across this and John Williams was an economist he was working for Boeing or lock he and he kept applying

the government unemployment and government stats to Boeing's numbers and nothing worked so finally he realized which I realize in Vietnam we're being lied to our numbers are bogus they're not true so that's why I started writing this book and now what you know I said your house is not an asset Savers and losers the rich don't work for money in 20 that was 1996 2015 they're coming true so Second Chance is how I came to my assumptions and conclusions I just don't trust the market because it's so manipulate I mean I'm not saying you know

that book on fake money fake teachers fake assets the Dow this book who stole my pension I write about what is America's number one export you know what it is toxic assets toxic assets toxic assets cdos NBS yes you know derivatives mhm and so what is it today Wall Street just loaded the pensions so this book who stole my pension it's like I said my co-author is an SEC attorney and he got sick and tired of seeing all these Bankers loot The pensions and get paid bonuses and then the labor union guys who manage the

funds get paid bonuses and the guys who manage it get paid bonus meanwhile the workers get screwed so when this next crash comes it's going to be horrible now you look at the other guy so there's two authors Ted sadell SEC attorney his father was a CIA operative in Uganda and edmn killed his father so his family went broke because there was no body he couldn't collect anything because no Body no you know Corp corpse whereas my father ran for a political office against the governor of Hawaii and he got crushed and the governor says

your no job no paycheck no pension so my man's broke so Ted and I were about the same age and we come back he was he said my father has no money my family's starving my family was starving cuz my father lost everything so it kind of put us on edge you know what I mean I don't trust my government I'm I'm not a Republican or Democrat I like Trump but they can't save me you know Trump Biden Sanders I mean it's a cast of characters right you got the Donald on one side and then

you got comrade Sanders akami and then you got poga hontas and then you got Alfred E Newman bu Bud judge it's a it's a reality TV show up there you're counting on the government to take care of you I mean wake up so you don't at all look at it as they have an effect over your net worth or your your next Moves no so so your that's that's good you want to make sure that no matter which who's in office or who if it crashes you're okay that's the most important thing you can do

to you don't pivot based on presidents no of course not they don't affect me at all you don't pivot based on presidents no I'm not a stock guy that's why okay so I'm a real estate guy so for I own businesses so the rich dead company does better in a crash and apartment houses they always Do well because people have to someplace to live and I want oil wells CU people always burning oil I always protect my assets that they're crash proof this here is the Genesis of Rich Dad Poor Dad how does a person

like me who FL out high school cuz I can't write write an international bestseller has been a bestseller list for 25 years all over the world so this is where the book started this is a man named Dr R Buckman Fuller he's probably more well known for The geodesic dome and is considered one of the greatest Geniuses of our time 1981 up in Kirkwood California I studied with him and we spent the summer studying and all this stuff and one day Bucky Fuller asked me what's your life's purpose son and acent to make a lot

of money and I didn't how was I to know that that was the worst answer possible so he started scolding me in front of a hundred people it's a waste of a good brain just to make money easy For you to say but kind of I enjoy making money he says the waste of a brain and I want to argue with the guy everybody saying the greatest genius on Earth is here you know John Denver worships the guy the world worships Bucky Fuller and I want to argue with him so my friends were telling me

to shut up so finally Fuller asked me this question he says stop doing what you want to do ask yourself this question what does God want done and it says most Of young people are too greedy what do I want to do he says who cares what you want to do the question is what does God want done so this was August 1981 and that was a Genesis for the start of Rich dead poor dead are you prepared for the coming depression and the reason that's an important question is throughout history there been two different

types of depressions and most people especially in America are only familiar with the American style depression but During the same time America was going through their depression in the 1920s and 1930s the Germans were going through their own style of depression so America had a real depression caused by deflation and the German Depression was one caused by hyperinflation so there were two different types and the question is are you prepared for either type and so if you read 4 you will soon find out that some people if they're preparing for an American style Depression may

get cleaned out especially this just the other day I believe it was around March uh 15th or 16th Federal Reserve chairman Ben beraki announced he was going to pump $1.2 trillion into the economy that's on top of the tarp money now this is the significant part and you'll find in chapter 4 conspiracy of the rich the significant part is this is the way he's going to do that is he is going to buy treasury bonds from gner so these guys Are getting back together and they're just going to so the FED will buy the bonds

from the treasury this is significant because in a normal economy the treasury offers a bond and countries like China or Japan or the European nations buy the bond the FED stays out of it as long as they buy the bond then that money filters into our system and oil yeah and also private investors buy t- bills and t- bonds and all that so it's very it's a normal situation the Significance of this month March 2009 of bernachi basically saying I'll buy the bonds directly from the treasury that is a direct indication that they are printing

trillions of dollars now now by printing trillions of dollars that means we're probably going to go to a German hyperinflation style of depression so anyway my question is I'm not saying there is going to be one I'm not hoping we are into one but I'm saying the question I'm asking you are you prepared If we go into an American style depression then savors will be losers if we go into a German style depression then debtors will be winners so it's very important right now while we still have some opportunity to make some prescriptive or some

make some changes in our lives it's time to get prepared Financial IQ is how we solve our financial problems and that is our message to people today is that in a world of tremendous financial problems It really is an opport opportunity to get smarter to solve your problems and not run away from them so it's a it's really a good time uh a tough time I you say we don't want to go through them too many times but uh when I lost everything in the 80s you I thought the world ended but in retrospect Today

Was a Good Thing and did a declare bankruptcy paid my creditors back and fought back I think that gives me strength today to take on this one but I feel and I know that you Feel that you can do better today than you could have done two or three years ago absolutely when you know the last crash was that Savings and Loan crash in the 80s and the stock market crash of ' 87 and it was the best time because everybody was crying the blues everybody was saying why you nuts you're buying real estate and

you know that was when the RTC resolution trust Corporation they were giving away the best real estate in the world and other people Were saying these are terrible times I'm going you got to be crazy this I've never seen good property so cheap the as you said the banks wanted to have you take it off their hands so it was really a good time we're in the same time now and people again crying the blues except today I think it's a lot more severe yes the banks are bigger they're much weaker you know it used

to be the Savings and Loans now it's the biggest banks in the world you look at City Bank it's a total Catastrophe you look at some of the biggest banks in the world they're total disasters I mean they've got major major problems we never had that in 1990 we never had that so this you could say is a far worse and I mean statistically it's a far worse period of time but I think there's far more opportunity that's correct I have never seen it so good unfortunately it's bad for many people again that's why I'm

saying we get together and we want to encourage People to keep going don't give up because you face your challenges I face my challenges and is facing the challenges that make you smarter stronger better able to handle tomorrow so that's how you get rich it's it's what you buy not how much you make and the other thing I talked about earlier this is a a gold watch the price of gold is going up the watch gets more valuable as well as the ring and all that again is what you buy more than anything else You

got to be cognizant of that and then this jacket here I'm very proud of it's an antique it was a guy named Tel of China they were the first Americans to go into southeast Asia to fight the Japanese the P40 Flying Tiger so this is a flying tiger with emblem here this is an antique this jacket is so heavy it just shows the quality so this is like a 1930s jacket and I wish I knew the pilot who owned this jacket before so rather than buying a regular jacket I paid 15,000 for this one because

it holds its value and that's the difference between people who are rich or poor most people here just spending money but they don't get rich that way I know it drives people crazy oh you've got to enjoy yourself I am proud of this jacket it's because of the Flying Tigers and Chanel of China that I volunteered to go fly in Vietnam so all these things have value and as meaning is adds richness to life cuz I'm very proud of this jacket it's An antique it's a collector's item I mean I've I've had old guys come

out to talk to me about it they go wow is that really what he has one his jackets so that's some of the lessons I have but then again I'm very happy my friend Trump won versus the Biden crime family and kamla Harris they were pure hardcore marxists and we'd be in worse trouble but I'm concerned about my friend a lot of people really hate him you Trump the Arrangement syndrome they called it they Wanted to take him out so Trump also owns golf courses as he knows he plays golf I was just at his

place in uh Florida but ladies and gentlemen that's what makes people rich not some of you saying well I don't have that kind of money well that's what you study for you study how to make money but the reason people don't make money is they just spend money they buy what they want and they don't look at the value the valy of this watch is going up right now instead Of going down because it's a solid gold Rolex and that's the that makes a difference I want to see this golf course here it's spectacular I

love these people here they're cash flowing money into my pocket so that's why we get rich my friend Kenny maoy and I were real estate guys and there's always a bubble boom and a bust so just before 2008 the great financial crisis all these guys were yaking about it and all this Kenny and I just waited when the Whole thing Came Crashing Down I think I borrowed over aund million to go and buy the best real estate around because it was on sale I'm afraid December 12th I think 2024 we're heading to a huge crisis

right now because like I said Trump won but they didn't address the problem started back in 2008 and what they did was they just printed trillions of dollars so Trump didn't say anything about it and Kamala Harris didn't say anything about it but America is now the Biggest deor nation in world history so how do you get rich with that that's why I've always said buy gold silver and Bitcoin so today I'm I'm doing my best to buy more Bitcoin and silver and gold because the dollar is going to get weaker and weaker and weaker

but that's how you get rich so other people are crying and saying oh the economy is bad and crash and all this other people who have Finance some degree of financial intelligence will know this is the time To get rich so as you guys know unemployment is going through the roof right now I think Amazon are those guys are letting people go and it's because people go to school they say I want I want a job well you should learn about money instead so very interesting time to be alive and I trust my friend Trump

can pull it out but it's going to be a biggest crash in history coming up the rich look at richer I want you to get rich your teeth I've heard you say Before the figure of the crisis the figure of the opportunity oh not the p no and you raiseed $5 million right now my friend no well then you flapped yeah don't go these cliches on me you know just show me the [ __ ] money I hate that go give me cliches right now I can write a chart for 5 million how much can

you write a chart for not 5 mil so that's the difference so I'm always preparing for it and how am I buying Bitcoin was ever since 1964 I've been saving silver so right now I'm trading in my silver to buy more Bitcoin because the silver I was buying was at 10 cents an ounce today is $30 an ounce so the dollar went down the price of silver went gold went up so now I'm going to trade that for Bitcoin but that's the difference here so a lot of people have all these cliches and you know

they're [ __ ] jerking me off of they're going how much money have you got man show me the [ __ ] money and That's the difference that's that's why I created my cash flow board game that's why I wrote Rich dead poor dead I was just in ristan three days ago you know they have a whole school there in wiscan with a room dedicated to the cash FL board game so they can teach their students about money but do you think they do that here in America no because most School teachers in America are

hard for communists