"Start PREPARING Yourself..." | Robert Kiyosaki

[Music] in today's world of fake news misinformation what else we have what we all need are credible sources and the reason I'm talk about Jim's background with the Pentagon the White House Congress the CIA and Department of Defense he's an Insider's Insider so we need credible resources today around page 270 toward the end of the book there's a whole section on Ukraine Russia and using natural gas as a weapon now this wasn't 2014 when they took Crimea or 2020 when the invasion was being prepared or 2022 when it broke out this was 2011 I was

saying this is going to be used as a weapon and here it comes so it's kind of interesting that the war was completely unnecessary and I can say started coming 10 years away you've always sound the drum you know like the Dum Dum Dum Dum you've been warning everybody warning everybody warning everybody but in the last I would say year your pounding has gotten louder the message is similar but your warnings are more d louder more direct so that's what we want to talk to you about today is how dire are we where are we

today what is happening you talked about executive order 1467 what is your concern on Executive Order what was just signed with Biden and Company only a few months ago what is your concern 14067 it has a number of parts and the thing with executive orders and for that matter legislation I can say you have to read the fine print you do but you have to actually consider the hidden agendas I can read it anyone can read it it's public document but what's behind it where are they going with it and that's really where the urgency

comes in it's basically an order that accelerates the US movement towards a central bank digital currency so-called cbdc these are happening all over the world Beijing already has one they're past the Prototype stage they kind of rolled that out during the winter Olympics you know last February believe or not Bahamas as a digital currency there few other countries that have already gone in that direction Europe is the European Central Bank is very far along the US and the Federal Reserve because they they print the currency um they understood the importance of it they were watching

it but they were kind of taking their time like Hey we're the biggest St currency biggest Reserve currency in the world which the dollar is and we don't want to race into something if it's not thought out and they were doing a kind of joint venture R&D program with MIT okay they got some experts there so that seems to make sense but all of a sudden they accelerated it and they said now we got to move fast on this and we got to catch up and that's what 14067 was about but that's kind of what

you could get from me but what's the hidden agenda well first of all just a little bit of background Central Bank digital currencies it's still the dollar a digital dollar is still a dollar a digital Chinese Yan is still a Yuan a digital euro is still a Euro so it's not a new currency but it is a new payment Channel and it is a new form of the currency if you want to think of it that way even though it's still the dollar and it goes hand inand with getting rid of cash in other words

I'll spend you know in a minute we'll get into what the Central Bank digital currency what the hidden agenda is behind that but as I go through the list of you know really bad things that can happen you say well okay but I still got cash I can go down in the bank and get whatever $10,000 or $100,000 in cash by the way that's not easy to do I say that it's legal it's not illegal but try doing it they'll tell you to come back make an appointment they don't have that much money they got

to ship it in you better show up with like your birth certificate and five character Witnesses and then they'll report you they'll report you to the treasury actually the financial crimes enforcement Network knows the word crime Finn send for short Virginia and you'll go in a file next to you I'm in Al zahiri so uh it's not so easy to get your cash but you can in theory and that's the alternative so they have to not only push the digital currency agenda which we'll talk about in a minute but they have to get rid of

cash because as long as you have cash you can do an end run around this so these two things are coming down the track pretty fast now flipping back to the central bank digital currency it's not a cryptocurrency it's not on a blockchain a blockchain is just a ledger they've been around since the ' 80s no big deal but this Ledger will be maintained by somebody probably the Federal Reserve but you know there could be a new government agency doing it it's kind of like a bank account so we might quickly end up in a

world where you know I have a Canada Bank you guys have a account Banks those banks are either members of the Federal Reserve System or they're smaller banks that are correspondents of bigger banks that are members of the Federal Reserve System like Bank of America Wells Fargo haven't helped you with Wells Fargo but uh the point being the banks kind of keep all the books we might be in a world where you would have an account the fed everyone listening would have an account at the FED we'd have it on our iPhone or our Samsung

or whatever our mobile phone is and if I send you money the FED takes it out of my account and sends it to your account end of the story kind of like a Beno type of thing with you know larger denominations Etc that has implications in terms of disintermediating the banks like if you can do that which you can technically who needs Banks but the selling point is well it's better faster cheaper okay which it is so for example I go to a bookstore and I buy a book with a credit card I said I

get the book well the merchant the retailer has this receivable and so they sell it to what's called a merchant acquired Merchant acquirers are Finance businesses that buy a whole bunch of receivables and a whole bunch of little retailers or even larger retailers they then take that bundle receivables now we're talking hundreds of millions or more and they deliver it to Mastercard or VISA and then they get paid obviously they make a little money on that MasterCard and Visa then send those receivables to the banks that issue the credit cards and then the bank sends

me a bill and I pay the bill so think about that I buy a book but you get five Financial intermediaries you get me the retailer the merchant acquirer Master Card of visa and the issuing bank and the total fees are you know like 2 and a half 3% so why do we need five Financial intermediaries with let's say 3% fees to buy a book when you can just have an account of the fed and everything whips through the fed you know fast and easy and inexpensive and that's all true that is how it could

work if you had this digital dollar but let's assume the banks continue to play a role cuz because the fed's job people talk about you know it's the fed's job reduce unemployment squash inflation now they want a green New Deal you know the fed's supposed to make sure that nobody lends money to Exon Mobile even though we're out of oil that those are like an the fed's main job from the beginning from 1913 really 1907 onward is to prop up the banks like that's why they're there so I doubt they'll just intermediate the banks but

either way you're going to have a faster cheaper better system for making payments but what else and this is the key and this is why we're sounding the alarm a little bit on executive order 14067 so once it's digital a couple things first of all they know your whereabouts now they already know your whereabouts from your iPhone unless you turn your iPhone off and not just turn it off but put it in what's called a faraday sack which is a special woven fabric a metallic wee that blocks radiation and by the way do the same

thing with your Easy Pass and a bunch of other stuff but um unless you do that then they know where you are through your iPhone or your Samsung or whatever so they already know your whereabouts we have facial recognition software people go I'm going to wear mask and sunglasses and pull my hat down okay they have what's called gate recognition software git meaning how you walk believe it or not everybody walks slightly differently it's like a fingerprint so even if you're wearing a mask they see you walking down the street they're like that's gim or

that's Robert or Jimmer as the case may be so they already know a lot and they know your whereabouts but now they're going to know what you're buying right because every product has a stock keeping unit code with a QR digital scan they're going to know what you're buying and this digital currency is programmable meaning they can block certain purchases or not so let's say you donate money to Elise stefanic she's an up and cominging Republican leadership Upstate District in New York or having help you if you donate money to Donald Trump they'll know that

first of all and you might find that your account's Frozen or let's say they want to see right now if you work and you're an employee it's a technical term defined and you get paid and you get a W2 at the end of the year but they withhold it from your payment you get paid every two weeks or whatever they withhold taxes from your wages and then you file your W2 file your tax return you reconcile maybe you get a refund maybe owe a little bit but they got the money up front through withholding but

that's not true for independent contractors and professionals so doctors lawyers Architects you know Landscaping store anybody who's not W2 employee doesn't have withholding they got to pay their taxes but what if they could just take it out of your bank account it's like okay you're a doctor but you know you put the money in this bank and I'm just going to take some number 20 % out of your bank account every month and yeah you know we'll send you statement $10.99 file your tax return and you know you owe or you get a refund but

no more honor System in other words no more waiting till year end we're going to take it out of your bank account or what if as a form of stimulus even though it's not stimulus but they call that they say you get money in your bank account okay but we're going to put a countdown clock on your bank account and if you don't spend 10% of it in the next 30 days we're going to deduct you know that much so know was use it or lose it so now they say like yeah I worked hard

I've made this money it's in the bank but you're telling me if I don't spend it I'm going to lose it anyway so I might as well go spend it and of course that the idea is to stimulate the economy but the point is the number of things you can do from surveillance to identifying your political preferences withholding taxes account freezes account seizures time limitations on your money your money's account time clock it expires after a certain period of time Etc I could go on and on but you take the point which is it's it's

not your money anymore I've always said to people you put your money in the bank it's not your money it's the bank's money and they'll give it to you if they feel like it well this is that same idea on stils and this is like yeah and now the government's involved and everything easier faster cheaper about payments is also easier faster cheaper about surveillance confiscation account freezes Etc and then people say to me you know they explain what I just said to you guys and they say oh that'll never happen it's already happening I mean

it's already here talk to the freedom convo Canada what my Neo fascist friend Christy Freeland who's the Deputy Prime Minister and Finance Minister did to the freedom Convoy now okay they pulled into Ottawa in the middle of winter and yeah they salled traffic they blew the horns at 300 in the morning all Trudeau had to do was come out say who are your leaders meet with them hear their demands give them a few not all they would all go home and that would be the end of it he didn't do that he went into hiding

he's sort of a coward he's not very smart but Christian Freeland is a tough cookie to put it in polite terms she called the banks in Canada now the difference between Canada and the US they only have five big Banks we've got like 5,000 or something she called the banks identifi the bank accounts of the truckers and froze all their accounts she didn't stop there she then called the crypto exchanges got their names froze their crypto accounts seized their trucks they couldn't feed their family they were put in jail hell without bail literally couldn't feed

their family in the middle of winter all because of a nonviolent protest when I emphasized there was no violence yeah annoying give a traffic ation for blowing your horn at 3 in the morning $500 fine you know appear in court whatever I'm not saying there shouldn't have been any accountability but being held in jail without bail where all of your money has been frozen your assets have been seized they're non- returnable and you can't feed your family for what a nonviolent protest that's an exercise and fascism but my point is they did it all through

digital banking systems and cryptocurrency systems and they're doing it in China they have what's called a social credit score you take a train to go to a protest okay there are manyi runs on the bank there's a group in China informing don't pay your mortgages in China it's a little different because here the Builder builds a house a buyer comes along buys the house gets a mortgage pays the mortgage but they get the house in China you take out your mortgage before the house is built and then you owe the money but the down payment

and the mortgage money is used by the Builder to build the house and you move in like a year or two later but you're already on the hook for the mortgage except that the developers sold the money and didn't finish the houses but the banks are saying you got to pay the mortgage and people are saying no so people are traveling around China to join these protests but in China you have a social credit score they identify you through the banking system and then turn off your ability to buy a train ticket or a plane

ticket and then it goes on from there you post something you know the worst thing you do in China is compare chairman X to Winnie the Pooh he kind of looks like win the poo if you post a Winnie the Pooh meme or something good luck getting your kids into school good luck getting health care for yourself Etc so my point is this is already being done and then people say it'll never happen here why not show me something that was really poorly done abroad that isn't being done here sooner than later particularly with the

Biden Administration so I leave that but this is more than just a digital currency this is more than just convenience and cost savings which it is that's how they sell it this gives them total surveillance total control which the ultimate realization of the total surveillance State and just look at what they did to Russia not to debate the war in Ukraine but they froze the treasury notes held by the Central Bank of Russia well what's the difference between that and default like why do you buy a treasure well you buy them because you think the

treasure is going to give you your money back and with interest but when they freeze them they're like well no actually we're not giving you your money back so what's the difference between that and default I would say there is no difference so we've kind of already defaulted on treasury notes yes selectively with a political wrapper around it I get it and give what's going on in China Europe and the US sanctions on Russia which are T out to a default tell me they're not going to use this digital dollar for for political enforcement and

the answer is they will so Jim this is like George oilwell's big brother is watching it is I kind of tell it like it is so I'm not trying to temperamentally I'm an optimist I do look on the bright side but I'm also a realist and so when I see things coming and I understand them and I have a lot of training and experience and all that I just explain what it is and the audience appreciates that but I never gave a kind of a dire forecast and I do that all the time without offering

some solutions I think you almost have a responsibility to do that if you're going to paint picture so okay if they're going to get rid of cash and they're working on it and they're going to put you into a digital dollar and they're working on that and could 14067 puts that on a fast track and if the digital dollar can be used for all the things I described which it can you know surveillance count freezes account seizures you know putting a countdown clock on your money so what are the workarounds if all this is being

empowered by digital technology which it is you sort of have to go non-digital in other words this is the lean right go left or you know vice versa so what are the non-digital assets that work as money what are the non-digital assets that work as stores of wealth Etc there's a bunch of them you can start with gold and silver but I would include real estate natural resources water energy Etc and you can even do some of this in the stock market I think stock market is going to go a lot lower so I'm not

saying run out and buy you know call options on the S&P 500 Index but I'm saying there are sectors that I think will outperform starting with the energy sector but the first thing you need is a certain amount of gold and silver I if you want to trade or get price exposure that's fine it's up to you but if you're trying to preserve wealth so get outside the digital drag net which is what we're talking about physical gold bullion I've always recommended the 1 o American Gold Eagle and I still do it's a good store

wealth but I also think in terms of practical terms like what about a world where you know the power grids down the electricity is out or the digital state has become so pervasive that you don't want to be part of it Etc and you just you still got to buy food for your family I want you to pay attention I don't care where you live in the world because I think Brent has as clear a vision of the future as possible essentially what I think has happened over the last 10 years and what I think

is going to happen over the next few years is that the world after the financial crisis the central banks just got together and just printed and printed all this liquidity and that went on for six or seven years five or six years and at the end of 2015 beginning of 2016 the US stopped mixing the milkshake and we started raising interest rates and the raising of the interest rates from 2016 to 2019 combined with a number of other factors it's not just interest rates but interest rates were a big factor and the fact that our

interest rates while they've come down a lot are still higher than you know Japan and Europe who have negative rates that along with these other factors of having the global Reserve currency system having the the dollar payment system having the largest US military having the deepest Capital markets all of that stuff acts as the straw which sucks up all the liquidity that the world is printing at the end of the day whether you like the dollar or whether you hate the dollar whether you think it's a good currency or horrible currency the fact of the

matter is it is the currency which the world runs on right and so even if you hate the dollar if you live in Argentina or turkey or China or Brazil or France you still need dollars to operate on the world stage now I think there's a lot of people who would like to change that but as of right now they haven't and I don't and I think the efforts that they have made to do so are too little too late and that's kind of what's setting up this whole dollar milkshake theory if they're printing so

many dollars why doesn't gold take you know why don't people just rush to gold right and I think that's the question you were asking is the question I'm asking myself is if there's so many Fiat or fake I call fake dollars why doesn't go go through the roof right yeah again it kind think it depends on where you're at and where you're what currency you're denominated in like golden Argentino pesos looks really good right now golden Turkish L looks really good gold in just about every currency other than the dollar is at its all-time high

and it's getting pretty close to itself in the dollar as being the all-time high as well still a couple hundred dollars away but you know in many ways people think of gold and the dollar as enemies or the antithesis of each other I do think that we'll get into a period where they rise together but I think ultimately gold will win the battle um the reason is because I think gold is the markets money if we just had free markets and there was no government influence and central banks and you know legal tender laws then

I think the market would choose gold as money but we don't live in a free market we may want to but we don't and because of the you know the governments of the world and not just us don't want a gold standard because they like to be able to spend more than they earn politicians get elected by making promises and so I don't think the governments of the world want to go back to a gold standard I think the market might force it on them but they will fight it and in that fight I think

that that's where gold gets kind of tampered down from time to time I'd say the the main difference pre- Corona and post Corona from my point of view is the extent to which the United States is going to help mix the milkshake going forward before I thought that we might mix it a little bit and the rest of the world would continue to mix it a lot and we would suck it in well now I think they're mixing it with them but I still think for a number of reason the us is going to be

the primary recipient of sucking in all that milkshake all that liquidity that the rest of the world is and that we are now printing or the liquidity that we're putting into the market so the world's printing money but that's going to flow to the US is what you're saying exactly and so and as that Capital comes into the US I don't just think it sits in cash I think it gets uh put into places that yield a little bit more than cash maybe it goes into Coca-Cola maybe it goes into IBM maybe it goes into

Electronic Arts or Microsoft some of these compan companies um that have some growth potential that maybe pay a dividend and think about it it really depends on where you're sitting on how this works out if you're sitting in Argentina and you have some excess savings and you can put it in the dollar and the Argentinian pay so goes down 10% you know you've just made 10% but if you also put it in Coca-Cola and Coca-Cola pays you a 3 or 4% dividend now you've made 13% and if Coca-Cola happens to go up 6% now you've

made 20% so now you don't get that same thing if you're in the United States because the dollar is your currency but my point is is that whether you like it or not the biggest demand for currency out there is the demand for the dollar and despite the fact that they're printing a lot of it the demand for it dwarfs the supply and the reason for that is much of the world's debt is also denominated in dollars so they have to pay back the debt in dollars absolutely everybody knows that the US is $25 trillion

in the debt but what a lot of people don't know is that the rest of the world has an equivalent amount of debt but if you actually drill down into corporates and some other you know the shadow banking system it's probably 25 or3 trillion outside the United States that people that don't operate in the dollar owe in dollars and again when the demand for the dollar comes for paying the interest on those dollar loans and paying those dollar loans back so the demand for dollars is kind of through the roof so a quick question uh

so your thing is the dollar is going to get stronger is going to lift the US economy and all our tangible assets here but what is the demise I think ultimately the monetary system is just not designed for the dollar to get stronger and as it does so it's going to just wreck the global economy I mean I think the rest of the world is going to just go through really really really you know difficult time and ultimately that's not good for the us either so as the dollar continues to get stronger despite the fed's

efforts to you know bring lower I think eventually the world will have to come together in another Brett and woods type conference or another Plaza Accord type conference and I think they'll have to either write debts down or introduce a new currency or reset the system in some form or another and I think when that happens that will be the point at which the dollar will start to lose value that would be the point at which people no longer are rushing into the dollar and rushing into the United States the you know maybe that's the

time to go buy things in Canada buy things in Australia or buy things in Argentina or buy things in Turkey right because their assets will be very discounted and I think as capital then leaves the us to go invest in those other places that will cause the dollar to go down capital is running out of the dollars what you exactly you were talking about cash flow nothing is more important than cash flow if cash is flowing in you're in good shape and if cash is Flowing out that's a bad thing and so you know as

capital rushes into the US I think that'll be good for the US eventually when it runs out of the US I think that will be bad for the US I just don't think we're there yet the whole Co virus has caused uh global trade Global Travel Global movement to you know to stop and that means the same for the velocity of money so there's never enough money in the system to pay all the debt so money has to circulate at a certain level of speed in order to service all the debts that out there when

money velocity Falls money doesn't circulate people miss their payments defaults happen and you a contraction that's a credit contraction and so what the central banks do is they pump liquidity in to try to counteract that lack of velocity and so what I think what this covid and the lack of the the flow of money is making the global economy come in under even more pressure than it was before it makes it even harder to get those dollars to service that dollar debt and so I think it's kind of accelerating the downside of the milkshake but

here's the flip side is they're going to print all these dollars and all this currency right and so when the co does leave and money is start to flow again now you've got a lot more money out there and now it's flowing so that's a recipe for inflation But first you get the deflation you print all the money and then when the money starts to move you get high levels of inflation because there's so much liquidity now what's your forecast for European Zone with the Euro yeah and you have the English and they have the

Japanese what do you see in each country so I think the euro is probably going to go away or it's not going to continue to exist in its current form I think on a price basis it goes to at least 80 so I it probably goes down 25 or 30% from here I think the Yen the Yen might be I I think the Yen's going to go to at least 150 maybe to two it's going back to where it came from yeah exactly I mean essentially I think the dollar is going to go back to

its all-time high and I think the rest of the world's currencies even the big ones are going to get cut in half so if you're living in Japan that means life will get more expensive absolutely absolutely same as Euro absolutely and so that's what I say about gold if you're not a US dollar investor you could probably back up the truck on gold right now I think gold may still have a tough time in US dollar terms when everybody needs dollars you sell whatever you can to get dollars outside of Japan nobody needs Yen outside

of Europe nobody needs Euros you know outside of Argentina nobody needs Argentinian Pesos but the whole world needs dollars and how does uh or does it does Bitcoin play into all this Bitcoin interesting when I own Bitcoin I think if you have the ability and you have some space in your portfolio for speculation um you know you should own some Bitcoin I don't think it replaces gold I think it's you know you know in addition to Gold it's a very asymmetric play I think it probably either goes to $1,000 which is be down you know

or it goes to 100,000 or a million and you know so it's either All or Nothing kind of a thing