we're in Sera of trouble when the bond markets collapse so does the stock market collapse I mean it's going to be massive this will be the largest transfer of wealth we will ever see in the history of money and today we're talking about real money not this garbage here not this fake paper stuff I just don't know why people work for this garbage this is toilet paper why do people hang with the toilet paper I don't know our program today is to kind of break people away from the idea that this is money but anyway they printed more money and we never heard about it just recently they printed so much more of this trash just to prevent the banks cuz it was silvergate and silver ral's Banks were going down they had to do something so they basically took te- bills where everybody thinks are safe and they basically liquefied it and now they're flooding the system more of this stuff the reason I'm on this point here is because I get into a lot of fights with friends and family and people like that and they want to hang on to this they want to save this at the same time the fed and the treasury are printing trillions and we're hanging on to it but I am Japanese but also the Japanese are number one Savers in the world and what do they save Yen and t- bills us T bills I mean Japanese maybe get admitted to Harvard and Prince and Yale but they don't know Jack about money cuz they save Yen I would never save Yen I wouldn't even use Yen as toilet paper that's how bad it is but the Japanese proudly save it and the government prints trillions of it and my friends would come up and they say you say buy silver I said yeah buy it did you buy any no we were telling the world to buy silver I think silver was two bucks or something and the 24 bucks this dollar has come down and these guys are still saving this toilet paper or Yen or pesos or Euro what do you think of my comment would you save the Yen no I wouldn't save the US dollar I wouldn't save the Yen I wouldn't save any paper currency at this point they've been printing money so fast uh it seems to get worse and worse every year and the Dollar's going nowhere but down no and it's getting worse I mean just recently I mean within the last 6 months when Silverado and Silver Gate where those Banks were when they tried to stop inflation by raising interest rates the bond markets collapsed and when the bond markets collapsed so does the stock market collapse and we have a baby boom generation My Generation we're in serious trouble serious serious trouble because they're saving paper stocks bonds mutual funds ETFs things I wouldn't touch you can do it if you like I don't have to cuz I own the physical asset I own the mines I own businesses I'm an entrepreneur but so many people being set up yeah they are being set up and really Robert I look for tipping points and the Tipping Point when they really started printing up a lot of money goes all the way back to year 2000 when Allen Greenspan after the. com bubble just started printing money like crazy people don't understand but we had $5. 6 trillion worth of debt in 2000 I mean on balance sheet debt and now we're at 33 trillion what happens to real money when that happens if you go back to 200000 the gold market was trading at $275 an ounce silver was about $3.
50 an ounce we've added added so much paper money it's making the value of tangible assets worth much much more that's what people have to get wrapped around in their head every time they print more of this paper money that becomes worth less and the tangible assets become worth more and right now the next hot new thing is that AI artificial intelligence I did a talk with my friend Ken Mao event somebody said what is AI is it a college degree you don't learn anything about money that was my poor dad PhD I kept saying phds are for poor helpless and desperate and then you go see a financial planner who's only rewarded by selling you paper fin naal planner will not recommend gold or silver because they got no commission from it is that correct they don't want to recommend that which is really sad because if we go back to 2000 you know I always use this example and some people agree with the time period some people don't but I like using long-term Horizons in 2000 if you would have invested $100,000 in the stock market forgetting about dividends here for a second today that'd be worth about $320,000 if you would have invested $80,000 in the stock market and $20,000 in the gold market that's worth 385,000 you picked up 65,000 extra dollars in your bank account over that time period by investing just 20% in Precious Metals why because they print up more and more of the paper money the fake money and the tangible assets become worth more and more look you've lived it you started this a long time ago with your education about real estate and precious metals those are tangible assets that have appreciated in value you would have done very well by owning those and gotten away from that paper dollar right I'll just say I don't trust anything they can print it's that simple I own oil I don't own you know standard oil or Exxon I own the oil and the ground I don't want anything they can print but that's me but that's what Rich Dad stands for we don't recommend going to college and getting a college degree and then your PhD and then look for a job I mean oh my God especially today because you know I been listening to records and what's happening with AI unemployment is about to go through the roof you know rickords is calling for tens of thousands of people to be laid off simply because the economy is sliding into a recession possible depression and all the manufacturing companies throughout Europe and all that they don't have jobs they don't have any work coming in China you know China didn't save the economy and people are still going to school looking for a job saving money putting the money in a floor 1K full of 401ks and IRAs and all those other mutual funds and ETFs anything you can print I don't want to trust but that's me I'm not recommending you do what I do but that's why all these years I've been saying buy silver and of course has anybody bought silver no they hang on to that Yen oh yeah they love that paper dollar it makes them feel rich when you can look at it in your bank account account really I think that's the Allure of everything hey I see how much money is in my bank accounts absolutely doing nothing first you weren't getting any interest now you're getting a little interest that's still below the rate of inflation so it's not helping anyone at all and uh like I said your education for people is so important especially now with this Ai and how much money is getting printed that people really should start listening here and how many people would lose their jobs in a few more years I mean it's going to be a massive about 25% of the building is completely empty I just resigned my lease for the same amount of money in my lease per square foot that I signed 8 years ago they had to do that because any more people leave this building the bank won't even refinance their loan going forward so they're just forced into lower and lower lease rates but that gives you some sort of an idea 25% of a building in the middle of Los Angeles is completely empty and they can't fill it up well they're all moving to Arizona that's why I Saw The Light about 30 years ago when California tried to tax my worldwide income and people don't know what that means because they don't have worldwide income but if you're an entrepreneur I have income coming from all over the world so they want to take all of that I said adios and we left oh sure hey not only that if you leave the state they want to keep taxing you after you leave the state so it's not a tax friendly State at all we must be in sci-fi or someplace we're in a bad movie right Kevin oh yeah it is a bad movie and uh this money printing is going to continue and the government has no choice but to print money there is absolutely no choice but to print money that's all they know how to do it's not only do they not know anything else to do but I'll give you an example we'll have a fun game here I'll prove to people you can't stop printing money as the United States or basically any other country so you and I live on an island and you're the banker because you're a smart guy and you have all the money and that money is 10 shells so the whole Island's money supply is these 10 shells and I come to you and I said Robert I have this incredible entrepreneurial idea you look at me and you say that is unbelievable I will loan you the 10 shells at 10% interest I take those 10 shells I spend it to start my business at the end end of the year I get all 10 shells back and I come and I give them back to you and you put me out of business why cuz there isn't an 11th shell to pay you the interest you as the banker have to print it up out of thin air so that I have the interest to pay you that is what the government does in banking they have to print more money so that piece of paper that you keep holding up is absolutely worthless it's going to get more and more worthless over time because you can't stop printing money yes but you should save money save money every dollar they print that shell just became worth less and less and less people don't understand we're going to pay you 3% interest inflation's running at six can you do the math let's say I'm getting 3% interest let's say and it's running at 6% inflation what's wrong with the math I'm happy I'm only going broke slowly that's the problem with people I can't believe how eff and stupid people are I mean I'm really mean to that we don't use those words here CPI is Consumer Price inflation basically because ladies and gentlemen this is toilet paper and it's becoming more and more toilet paper every single day for full disclosure I own gold mines and Silver Mines and I own oil wells I don't own any paper stocks I just don't trust the government or I don't trust Wall Street and I definitely don't trust the Federal Reserve Bank if you have friends family cousins or relatives or that stupid neighbor down the street who's still saving trash pull up this and discuss the subject of is this money is this trash is this fake and are you going broke saving money get together with friends and family and discuss it like I said my family is you we're fourth generation Japanese but we still act Japanese we still save money and I talk to my brothers and sisters and they think well I got to save this and I started this whole program to Kevin would you save the Yen but that's what the Japanese are doing and the Mexicans are saving pesos the Europeans are saving euros and the US are saving US Dollars that's how stupid people are when it comes to money and as I've always asked people what the school teach you about money answer is nothing and that was not a mistake 1991 silver was about $3. 75 an ounce got down to $2. 75 an ounce that's when Warren Buffett purchased a bunch of you know the silver and then here we are at $25 an ounce so had a pretty good run and I still say to people I talk to everybody about gold and silver because I don't save dollars when I have extra money I buy gold and silver and I keep it in a vault far away from my home I had a friend who sat on stage with me says yeah I buy gold and silver and I keep it in my home I said why don't you just invite everybody over you I me idiot never keep it at home right I got some crazy stories there was a guy that purchased a fair amount of gold and silver and fairly wealthy guy and goes on vacation and had a floor safe and his kid showed his next door neighbor friend the floor safe and when they came back there was a jackhammer halfway through getting the safe out of the ground and they called who rented the Jackhammer it was the kid so yeah I probably wouldn't keep it at all and there's all sorts of crazy stories that I could give about keeping it at all go back to the story on the desert island with the shells I mean what happens after that you're on an island with these 10 shells and you loan me those 10 shells there's only 10 shells that's the money that was on the island and you lend it to me with 10% interest I can't pay you back unless you the banker prints up another shell for me so that I can get that shell it's impossible for the government not to print more money each and every year so if you think that dollar is going to become worth more you would have to believe that the government's going to stop printing money they stop printing money the economy collapses right corre paper money is going to get worth less and less and I'm going to tell you something I think the central banks have been listening to your program last year because the central banks last year purchased 25% of all the gold mined last year think about this they can print money and take that printed money that they printed out of thin air and they went and bought 25% of the 1250 metric tons of gold central banks purchased they don't even trust their own money no of course not and then recently this is what people do not understand is when the debt ceiling was at 30 trillion or some ungodly number a trillion seconds is 32,00 years think about that that's the debt they record that's also off-balance sheet debt which is estim balance sheet debt is almost twice as big as the on balance sheet debt because if you add it all together we're at a $100 trillion so if you had the Social Security and pensions and Medicare and Medicaid and all the off balance sheet liabilities our debt is much much bigger however as more and more people retire that debt will start to becoming on balance sheet debt because they're going to have to borrow the money to pay those people and then it switches over to the other side of the equation so it's a scary situation and how far the dollar could fall if that happens and there's one more thing happens to annesburg South Africa the bricks nations are meeting bricks stands for Brazil Russia India China South Africa what it means to me is that if they create this currency back by gold Robert this will be the largest transfer of wealth between nations we will ever see in the history of money the bricks were just five nations a while ago they estimate by the time the meeting comes in there may be 41 Nations that's correct they're so pissed off at the United States ripping us off paying fake money even the bricks nations are pissed off but Americans no we have no idea but the bricks are pissed and so they're going to join up and they're going to say we're not going to take your piece of toilet paper anymore what does that mean Kevin well two things want to go back those five countries if people don't understand who they are you said it Brazil Russia India China and South Africa that's 40% of the population of the world 3.
2 billion people is 40% of the population just those five countries you start adding in more countries where's the Tipping Point you get to 50% or 60% of the people the Dollar's gone but here's what it means to me with the transfer of wealth let's forget about the fact that there's a little bit of paper in this brick currency and we just use gold okay I came from International banking which you just asked me about so I understand trade very well the United States has almost last year a $960 billion trade deficit if we were dealing just in Gold we were trading gold back and forth I would have sent 960 billion extra dollars to a country that sent me toys clothes cars everything that depreciates and they ended up with almost a trillion dollars worth of gold so what happens to that currency to have that currency you need to back it by gold that means there's going to be some gold demand which probably pushes up the price of gold it's backed by gold it pushes up the value of that currency and it pushes down the value of the dollar so my deficit keeps getting bigger and bigger and bigger and I keep throwing more and more gold over to them and I have less when it's paper dollars nobody gets it but you turn it into gold or let's say I was trading real estate heck the whole real estate market in the United States is worth $70 trillion if I give a trillion dollars to a different country of our real estate that's 1.
