[Music] it's the end of America I've been saying to people silver is still 50% is all F High a 50 bucks is 25 bucks but the question is if a can of tuna hits 25 bucks what the silver go to and that's what I'm concerned about but it gets worse it just gets worse well there's a guy Jordan Peterson he's a Canadian and he talks about he says you think tough men are dangerous and Trump was a tough man but he says watch what weak men will do and this guy Biden is the worst I
have ever seen man is Si and today what's happening is Russia and China are now ganging up on the US it's really a dangerous world right now it's getting worse I was a bit optimistic but now we have the weakest most corrupt government you know what happened to Hunter Biden's laptop if the FBI loses his laptop there's something really sick inside this country and so that's kind of what I gauge all my macroeconomics on is where is Hunter Biden's laptop I mean how can the FBI lose it we have no Financial education in our schools
that's what I'm concerned about my biggest concern with Russia and China are ganging up on us as we all know America produces nothing anymore we produce bubbles you know we just blow air bubbles so we now have this bubble in real estate and stocks and bonds and when Biden took the Keystone Pipeline XL Pipeline off the just wiped us out here inflation goes up and the average American doesn't have 1,000 bucks 40% of Americans don't have a th000 bucks and so when inflation goes up we're going to wipe out 50% of the US population and
that is when Revolution starts if and when and it will come down the stock market crashes the 401K the old guys like me are toast you know we don't have a retirement our pensions are bust so what we have with three things is our treasury is out of control we've lost it our entitlement is out of control and now we're at war in the defense department so our deadly GDP is out so every time I wish I could have some good news so that's why I did the tunic can to a silver eagle comparison we're
in trouble as we all know there's insiders to every deal I don't have any stocks you know I don't invest in the stock market but they're my companies on the stock market so the best deals are always done early so when people say do you invest in Bitcoin uh yes when it was 6 ,000 we've got to know what's real today and that's why I'm saying we have the weak leadership in world history America's in serious trouble so I want to find out what's real and China and Russia are now ganging up on us we
went to Venezuela and Iran to buy oil from them and this guy Biden cuts off oil supply everybody talks about intrinsic value what is intrinsic value I can eat tuna that's valuable and if you're starving I'd rather have a can of tuna I like to make fun of things because otherwise people can't hear you they get too serious about this so I'm just saying that we're in serious trouble and it's getting worse that's what terrifies me if they go to the government crypto government Bitcoin or whatever they call it it's big brother at that point
they're going to be knowing everything you're doing for years I've been buying those grain canisters of silver coins because the government can't trace them I can use them for money so I can go anywhere in the world with a silver Co Co and spend I can go with a gold coin and spend it without being traced not that I'm hiding anything I'm just sick and tired of this government I don't trust him as I said if Hunter Biden's laptop disappears in FBI custody we have a serious serious serious internal problem here and so that's why
you know tongue and cheek tweeted that I'd rather have a can of tuna right now than a silver coin just to get ridiculous Get Ridiculous because I can eat tuna I cannot eat that silver coin like it's spended always remember America has stopped producing products we produce bubbles now the good thing about a bubble is when they burst everything goes on sale and so in 2008 I waited till about 2010 I borrowed 300 million because debt is money as you know after 71 and I began buying real estate at bargain prices so just recently the
repo Market inverted again which means we're going down it means recession questions ahead but my concern is now Revolution because when people can't afford to eat tuna we're going to have rioting so it's a whole different type of Bubble Burst when Biden took us off the pipeline oil prices went up oil produces fertilizer and when fertilizer is no longer cheap people can't produce food and average American has nothing 40% of Americans have nothing inflation is going to make them very upset a stock market crash will bring down the Baby Boomers so we're in serious serious
trouble here so I'm just being ridiculous in my tweets because it's better than listening to Biden that I'd rather have a can of tuna right now that's what I'm saying is that at least I can eat it I'm a US Marine you know I fought in Vietnam twice as a pilot I've seen what happens when people when the Communists people can see the Ukraine Communists always kill civilians and that's what people don't realize and as as a marine they sent kids and women after us so a lot of my friends who came back with PTSD
and you can see it in the Ukraine today Russia is not hitting military targets they're hitting civilian targets and when you understand communism is I am student of Communism they don't know what Mark said but what Mark said they had to have the poor get poor and the middle class come down and that was a recipe for Revolution and I see Biden doing it when he took the Keystone exile sell Pipeline and took us off of it and oil prices went up now the thing is I got richer because I produce oil I don't invest
in Shell or xon and all that I invest in oil wells so when oil went from $30 a barrel to $130 a barrel I got richer but I also got more concern for my fellow human beings they can't afford to live at $130 a barrel oil and so that's why in my tweets I just get ridiculous about it hopefully somebody will listen I'm doing my best to explain to people I'm a US Marine I went to the cies when you see the Russians hitting civilian targets it doesn't register in most people's minds because Americans haven't
seen War if you understand that Communists kill their own people Mao killed his own people Stalin killed their own people Americans try and stop that from happening and then our own press I mean I came back from Vietnam 7 3 I got spit on hit by eggs called the baby killer and I'm still a little bit bitter about that but it prepared me for today our school system should teach us about money we have Communists inside the wire they're inside our government they're inside our school systems they're inside Hollywood and they're inside Silicon Valley and
that's why I wrote this book here the capitalist Manifesto I said we've got to fight back and we fight back with information and education not weapons but I am concerned about my fellow human being I don't care what you are right left green pink I am concerned because 50% of Americans are broke inflation's going to wipe us out I simply don't trust my government especially this character Biden and I don't trust the FED I don't trust the banks and I don't trust Wall Street so it's pretty simple philosophy in other words what I say if
you can print it I don't want it so if you can print the dollar I don't want it you can print a stock I don't want it you know I want something I can see touch and feel what's real find out what's real so as you know I've been a gold bug since about 1971 when Nixon took the dollar off the gold standard and I'm becoming more fanatical not less I literally have tons of gold and silver tons cuz I own gold mines I graduated from school in New York in 1969 and I had a
high paying job I'm an oil guy so I sell for Standard Oil under oil tankers so my background is oil but I still joined the US Marine Corps in 1969 to go fight in Vietnam and Marines don't fight for Democrats or Republicans liberals or conservatives Marans fight for our freedoms and so when I saw our freedoms being taken away especially after the 2020 election like you know Donald Trump's a personal friend I might have written two books together but when they took our freedoms away that's when I went back to war and that's why I'm
willing to take the fire from the liberal academic left I'm just concerned about our country and the world especially this guy CLA Schwab and the world economic forum and what the hell are they doing why aren't we fighting back so that's why I said I had more to lose and to gain by writing the book in 1965 I go to school military school in New York I had nominations to Naval Academy West Point and kingso I took Kings Point but my economics teacher rather than have was read kanes melus Ricardo and Adam Smith he had
us read Marx Stalin Le Ma and Hitler and so I realize hate to say this but most academics are marxists and my poor dad was a Marxist you know the abolition of private property a heavy or progressive income tax is essential for the proper development of Communism and you know Biden just appointed what 87,000 new IRS agents to go after small business owners so we're becoming a a fascist totalitarian state and most people think well paying taxes is you're supposed to do it if you look at history the facts are America was founded as a
tax revolt 1773 I believe Boston Tea Party it was a tax revolt we're not a slave Nation you know and that's why I fight now and that's why I said I better say something because I went to military school I fought in Vietnam twice and I fight for freedom and they're taking our freedoms away I again it goes back to this book here you know Mark said this is 1848 it's only about 50 pages but it's a great read he said come in ISM would come in two phases the first phase was 1930s this is
1848 he said communism would come in two phases so 1930 the Berlin School sent teachers to Columbia University to teach the Columbia University teachers program and that's when communism entered America as socialism I was in school in New York in the 60s and that's when the first writing broke out at Columbia University which spread across the country and then the second phase happened in my opinion in 2020 when social media shut down the president of the United States and that's the loss of our freedom of speech there and Co you know which was claw Schwab
how can they censor doctors how can you get fired for speaking out against Co I just don't understand our loss of freedoms and we say nothing about it my point of view is communism entered America via our school system you know the bricks nations are Brazil Russia India China South Africa and he talks about how the Bel and Road Project now is going to affect 90% of the world's population and they'll all be on the cbdc you want they'll be going into Chinese crypto not American so the US dollar according to this guy Andy sheckman
is toast and that's why it's Brazil Russia India China South Africa they're going to take over the world with their own gold standard I'm a gold miner and a silver minor and I own physical gold and silver I know no ETFs my rule of thumb as you know if you can print it I don't want it what am I investing in today gold silver oil I own the oil in the ground I own Japanese breeding Bulls you know Wu cattle and so I don't sell the cattle I sell the seen it's called semen flow it
goes back to that story I tell a marine pilot flying off a carrier off the South China Sea and I find out Nixon took the dollar off the gold stand I said what does that mean so I flew Behind Enemy Lines because the NVA had overrun the mine proving Marines aren't the brightest guys on Earth and I try and buy gold at a discount so I knew it was 35 an ounce and the day I went looking for gold it was $50 an ounce and I was trying to get the little Vietnamese woman with red
teeth I still remember her I was trying to get a discount I want a discount she goes spot I said discount she goes spot I said the hell is she talking about she was teach she of my best teachers on gold I ever met I say the same thing a couple of questions what do school teach you about money nothing put yourself on the gold standard you know don't wait for the federal government to go back on the gold standard you know start buying some gold and silver coins and keep it as safe and don't
tell anybody you have it but put yourself on your own gold and silver standard I started small and now I literally own tons of gold and silver but I went into the mining industry real estate is different because it's regional you know and so it's just in Miami and it's booming and you got other states they're dying and crime what I'm concerned about is crime is going through the roof I mean I live in a very affluent neighborhood and um the guards at the shopping center they're getting tased now so the kids are coming up
tasing the guards and stealing stuff that's what happens when you defund the police and you say don't punish people I'm going oh my God I'm concerned about our citizens I carry a gun all the time now my poor dad was a PhD which stands for poor helpless and desper and they believe that their credentials they believe higher degree like a Masters or doctorates will save them from the world so their values are different whereas you and I and other people say well let's learn about money let's learn about Finance but in academics world is I
have a PhD and I'm smarter than you that's the said it's different value systems the reason I joined the Marine Corps and not the Coast Guard I could have flown for the Coast Guard flown for the Marine Corps is I'm going to go to war I want to go with guys who to kill you know I don't want to go to war with a coast guard guy who wants to save lives I want to make sure our values are lined up so that's kind of same as in marriage you know if your marriage is a
tough game also but if your values are lined up you give a better chance so values are core to the individual and unfortunately we all don't come from the same set of values and most School teachers are different from us they're good people like my poor dad's a good man but he was a Marxist he believed in taxation and the abolition of private property and labor unions and then they're going to try and put me guys like me in jail happens every time so anyway is why I don't save money is because in 1971 the
dollar became debt and taxes this is real Financial education but they don't teach you at school so there's three kinds of people in the world when it comes to money there's an investor a Trader and a Speculator I am an investor I wasn't a Trader a Trader is somebody's going to buy it and sell it like in real estate it's kind of a flipper they buy a house to flip it that's what Traders do and a Speculator is a gambler and I would say most people who are chasing dogecoins and all this other stuff and
Bitcoin and they're speculators they're all kind of gamblers Hing it'll go up that's not what I do I am an investor you see and the guys who are losing money right now is because you're not a Trader you're a Speculator and one is because in 1944 there was a thing called the Breton Woods agreement so in 1944 at Bretton Woods New Hampshire the US government promised we will back the US dollar with gold but as you know the US lies a lot so everybody in the world says okay we'll accept the dollar because it's as
good as gold because why would you save money because after 1971 the Federal Reserve Bank which is not a bank it's not federal there's no money in it and the US Treasury can print money the Savers are losers and the school teachers are still telling people to save money the FED wants to take this out the European Central Bank the ECB wants to take it out the bank of Japan wants to take it out the Bank of China wants to take it out you see the only way the money can go into the marketplace right
now is the Fed Prince money they give the money to commercial Banks like US Bank and Bank of America and Wells Fargo and they lend the money out but if the fedcoin comes out they don't need these Banks and the only way somebody could get money be got a credit card real estate or a student loan right then they go to Marxism or communism Ubi is universal basic income and that's what they're doing the stimulus checks they're giving money straight to you they don't need these guys anymore they control your thoughts they control your breathing
they control your injections they control your money they control how you get your money how much you make where you spending it where can you travel they'll know everything about you it's called totalitarianism between 1960 and 1980 My Generation the Boomers didn't like stocks because at my time of when I was a kid everybody said anybody invests in the stock market is a gambler now everybody's in the stock market so how did that happen well in 1974 that brought this thing called a 401k out I won't touch that thing I would would not touch a
401k or an IRA I refuse to do that but I don't have to do that because as an entrepreneur I create my own assets more than that it's what you have to invest in they had to do it because my generation wasn't investing in it so that's why between 1960 and 1980 they didn't like stocks so they 401K came out then what happened is in 1987 the stock market crashed so greenpan comes out these a federal Reserve guy remember the Federal Reserve is not American it's not a government agency so he came out and what
Greenspan put was what to call a PPT it's the plunge Protection Team or also called The Greens span put or also what people say don't fight the fit basically what Greenspan did is every time the stocks crashed the plunge Protection Team would protect you so my generation the boomers are going well I don't have to worry because every time the market crashes the Federal Reserve Bank and the treasury will bail me out so that's today we have our us corporations our zombie 20% of us corporations are zombie corporations means they're broke but they're being propped
up by the Federal Reserve Bank in the government that's communism so anyway stocks get protected gold is a good investment because the FED all the central banks in the world now own gold so they're not going to let gold crash they'll do something to make sure the price of gold stays up so I don't like stocks but I like gold uh silver is getting more valuable because all the gold never disappears it just keeps piling up so here's stocks the government will make sure it doesn't crash gold will not crash but crypto could you know
why because the FED doesn't want it so guys you got to be smarter because what possibly it hasn't happened yet is a fedcoin or a Yuan coin a Chinese coin and that'll destroy the Bitcoin so what I'm saying is it's all manipulated you know it's 100% manipulated what happened in 1980 was the Hunt Brothers from Texas tried to Corner the gold market by manipulating silver so silver hit $50 an ounce in 1980 it's interesting what's going on so so just as you guys know on the big picture it's all manipulated which is why you've got
to be smarter so if there's a Fed coin Wells Fargo's gone I'm not saying this is going to happen this is my prediction of what might happen don't say I'm saying it's going to go out and all St at the same time if a fedcoin comes in it wipes me out because the way I get my money is I have great credit and like I said just last week Ken malroy and I borrowed $160 million that's the only way money gets into the system is guys like us capitalist have to borrow money School teachers can't
even get a credit card or they get a student loan what a ripoff that is but a guy like me will go out there and use debt I use debt to acquire assets and I pay no taxes but they'll never teach you that in school that's why there's no Financial education that's why my poor dad was a Marxist and he taught people that capitalist are Crooks and now there's Crooks everywhere you know there there's even crooked ministers Obama likes those guys so it's not the money it's the person and our school systems in designed not
to teach you about money an asset is a noun like a house cash flow is a verb so to understand if it's an asset of 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 so I own 7,000 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 and they're going broke the other thing the poor don't understand is
the number one expense for most people is taxes well the reason the rich don't work for money is number one expenses tax 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 because I'm working for it if I buy let's say Apple for $10 and I sell it for 20 that's portfolio income capital gains yeah but passive income which is cash flow is never taxed and so these guys are screaming right now in America taxed
to Rich I said good luck because most of the guys complaining they don't know there three kinds of income and the rich don't have jobs anyway they have assets and so the average SCH out there poor guy you know sent the kid to school they don't learn this the tax laws are for everybody to use if you have the right Financial education and the reason I'm an advocate of financial Education Without that education you have to pay taxes you see very few people will buy what I do make a million dollars and pay zero tax
McDonald's is in the real estate business so they sell hamburgers but they buy real estate they pay no taxes when I came back from Vietnam in 73 My Poor Dad said get your MBA and my rich that laughed you're going to turn out to be an employee who else hires guys as mbas you know I mean he was just pragmatic about it he says if you really want to be a rich take a class on real estate I said why is that he says once you understand real estate it's based on debt and he says
you will learn how to use debt as money because that's what happened in 71 the US dollar became debt right so once you learn how to use debt as money you can never say I can't afford it after the crash of 2008 the banks gave me $300 million taxfree to buy real estate that the idiots had lost and they we were idiots because the prices were so high why would you buy it at the top of a market don't you know that's going to crash they oh no no this is you know that was the
subprime was a derivatives market mbss and all that stuff had driven the price of real estate so high and the rest of us were just waiting and then when the whole thing Came Crashing Down all this real estate was now available and they needed you know the the fed and those guys in the treasury needed guys like us to go in there so Wall Street gave us hundreds of millions of dollars to up all that real estate these guys had lost now it's fair cuz everybody could do it when they ask the average guy why
don't you use debt they can't get a loan cuz their scores are so bad so that's what's going on in the world today they think the rich are Crooks the rich just play by different laws so now we have the stock market this one area of the economy all-time highs floating on fake money real estate I mean I don't know how people can afford to live in New York I was looking at a condo for 55 million you know real estate in Silicon Valley you you can't afford to live there and then all these companies
started borrowing money so the econom is good in you know unemployment's low and all this they say there's no inflation but have you seen the price of food real estate and student loans and medical it's a bubble you know so well now what's going to happen is the Baby Boomers my generation are going to start to retire there's no money there Social Security is broke pensions are broke the students are broke they're screwing everybody with [Music] de this is called not economics this is called bubble nomics but they'll never teach you this in school and
why do they keep printing money because they want to save something because it's an addiction you know this is like heroin the moment you take that one hit they say okay I'll quit next week and the economy gets worse so they go Trump gave us a tax cut in America this thing gets bigger and bigger and bigger so what happened in 2008 they stopped it by printing money they call it the Great Recession but they didn't really fix anything you know derivatives went from 700 trillion to 1.2 trillion today twice as much and that is
net you know there not doesn't tell the whole story so when the recession hit the PHD standard came in that was beraki you know and then yelling the PHD said they have phds well no different than long-term capital ltcm they had Nobel Prize winners people like my poor dad academics you know this is what's going on in the world economy today so the baby boomers are going to retire now student loans are bust so do you have to be an economist to say what's going to happen we're fighting a 12-year War now entitlements are going
through the roof national debt to GDP is 109 in 109% 90% is too late we have to keep printing now