The Five Year Plan

you would be out of work in five years you know not just lose your job you're just out of work because there's no jobs what would you do today and if you knew that your savings were wiped out I mean it became just totally you know termite dust in the savings account what would you do today if five years from now the dollar was worthless and what would you do if you knew that you're a retirement plan was decimated it was bankrupt because it couldn't sustain the eight the advertised eight percent annual growth per year

in five years you cannot retire what would you do today and that's what this program is about but not so much about those horrible subjects but what might cause all of this some of you know listening know that in 2002 I published a book Rich dad's prophecy and I said in 2016 the biggest crash would be coming and on schedule January 2016 the market Tanked and right now you know our fed is doing its best to prop it up keep it up keep the illusion going so today we're going to be going behind the scenes

to figure out what's going on and so it's a very important to show for you because you should start preparing today if and as a big if what I think is going to happen happens you know I don't know if you've ever been out of work but it's not a good feeling you know my poor dad PhD lost his job when he was 50 years old he never got a job back because people don't need phds I hate to tell people that you don't need them especially in education so ladies and gentlemen is a very

important show please stay tuned so this is what this program is about and it's about the US dollar probably one of the most corrupt financial instruments in the history of the world depending how you look at it and all of you out there who are saving money and investing for the long term in the stock market and you think you have job security for life or your retirement is safe this is your program any comments Kim well you know we've talked a lot about there's a lot of things going on behind the scenes and Today's

Show is nothing is is was so eye-opening to me because it's a subject I have very very little knowledge of and I know Robert you've studied this quite a bit but um these are things things that go on behind the scenes they affect you and me and and the more we know the more we can prepare or as most people do they put their head in the sand they go oh the government will fix it well I have jobs yeah I don't think the government's going to fix it or my kids are getting a good

education I want to vomit every time I hear that yeah so listen to this show because it really does affect you and me and you can do something about it to prepare for it so let me introduce Our Guest today one is Matt kirkhov he writes for doll Theory and it's a it's a letter I subscribe to and Matt is a research director of one of the smartest guys I know he he's one of those a students which I wasn't and he has a very insightful view of what's going on inside the economy things that

we cannot see or should I say the markets and Jarrett Robinson is an investor economist and he writes for FTM follow the money daily and he is one he has written the book preparing for the collapse of the Petro dollar system so today we're going to be talking about the possible demise of not only the US dollar but the whole corrupt monetary system of the world and for those some of you know this already in 1971 Richard Nixon took the dollar off the gold standard and was old enough to remember that there was an oil

shock in 1973 where we had to stand in line just to get oiled everybody said oh oil is over so with that that's why the Petro Dallas the Petro dollar system is so important because in 1975 the U.S cut a deal with Saudi Arabia because the dollar was now worthless after Nixon took it off the gold standard the dollar was now worthless so Nixon cut a deal with Saudi Arabia and Kissinger and they said from now on the whole world must trade in oil in dollars the Petro dollar system it went from gold to oil

our Noble President Barack Obama again I'm not Republican or Democrat was in Saudi Arabia on his knees kissing a little butt out there the reason for that is if if Saudi Arabia doesn't like what we do they sync the US dollar but that's how much power they have the U.S is an ally with Saudi Arabia and now this whole thing is coming apart we've been fighting in mosul since 1914 we're still fighting there's called Iraq today and today ladies and gentlemen it's all coming apart with the price of the gold of oil so far down

in the world economy in turmoil so with that welcome to the program first Jerry Robinson where'd you come up with this idea of writing a book preparing for the collapse of the petrodollar system well thank you so much I really appreciate it Robert and you know the the book the book is actually this is an excerpt of the book the book is actually called bankruptcy of our nation and it came out in 2009 originally it's so funny the the publisher at the time back in 2009 said that we couldn't call it bankruptcy of America because

it would be too controversial and that my theory was just too crazy and of course now you know you see these bankruptcy of America books everywhere you know now everybody's talking about it the Petro dollar system is the problem and the reason why it's the problem is because what you've been stressing for so long you keep pointing and waking people up to the fact that the dollar which was instituted in 1944 through the Bretton Woods Arrangement as the primary Global Currency it became the Global Currency at that point everybody would use it because it was

considered as good as gold at any point during the gold standard foreign countries could exchange their dollars on the international gold standard for gold and so there was some sort of insurance there where if the if Washington went crazy if they went off the rails if they started spending too much money if they if they became out of control that governments had a plan B they could take their money out of the dollar move it back to gold on the international standard you as you well point out that ended in 1971 and what the main

problem with that Robert was the fact that every currency depends upon demand and whenever the convertibility from dollars to Gold ended in August of 1971 suddenly the globe started looking for a alternative Nixon was a very bright guy regardless of his Antics and Kissinger was a brilliant Secretary of State and together they came up with a way to shore up the demand that the lack of demand that now existed for the US dollar and it's called the petrodollar system um but in order and I and I love how you break things down and make things

easy to understand that's what we've done with this article the main thing to think about here is people have to understand why this is a big deal once they understand why it's a big deal we don't have to explain much more because so why is it a big deal okay so let's let's explain what inflation is let's use a real quick illustration let's imagine that me me and uh me and Robert are on a boat we're going out and we get Shipwrecked and we end up on an island let's say that both of us have

five golf balls in our pocket and we end up on the island you and me Robert we don't know what to do and so you decide to go build a house I decided to go find food you find you start building the house I can't find food and suddenly you say well I'll charge you to live in this house and I said well what are we going to use all we have is golf balls so I take out I say how many do you want to for the house and you say well you got five

I'll take one right you couldn't ask me for six if you asked me for six you know you might be a little you know a little loony I mean I only have five and you know that so if you ask me for one we can do that if you ask me for five we could do that but imagine as soon as I let's say you asked me for one I pull out the golf ball I hand it to you this is inflation out of the sky we hear a loud noise and it's a helicopter and

then suddenly we hear this this huge crate falling and it lands thud right in the sand right in front of us on the side of the box it says one million count golf balls suddenly the price that you were going to charge me now can be different can you charge me six golf balls now oh yeah you can charge me as many as you want to up to that new amount because now we have more of what we call money in the economy okay so so Jerry let me bring Matt in here because this is

why we have Matt in here and the reason Matt is he is an expert on the stock market and it is my position that the reason that stock prices are so high is that people are printing golf balls to keep that market up and it is an illusion that's why personally Matt knows his I am out of that market and I don't like anything that become manipulated and it started to be manipulated back in 87 when the stock market crashed and a man named brainspan the FED chairman came in with the green span put and

said I will always keep that market propped up Matty what do you have to say so this is a fascinating conversation and I'm excited to be here because I'm actually learning a lot as well and there's some interesting parallels to to uh what we're seeing and what the Federal Reserve has has done over time and one of the the interesting uh things that I tend to always point out the the golf ball analogy is wonderful um I think everyone can understand that but it's really interesting because that's typically the type of analogy that's used uh

to explain the the creation of money process which is typically simplified down to the Federal Reserve has the ability to print money um and they can print as much of it as they want whenever they want and I think that's an interesting topic because that's not really how how our economy works and so um money is created through the process of credit extension and so as a byproduct of that you have to have Wheeling participants on both sides of that equation um and so while while helicopter money is a fascinating idea and I I'm very

curious to hear um more about this um it there's an interesting sort of uh lack of parallel between that and the way that our our credit system works today Matt are you saying that the stock market inflation is not related to quantitative easing book Market is is n't of a lot of variables I understand yes quantitative easing is an interesting process and it has helped the stock market but it's helped it in an indirect way the money that was created through quantitative easing it actually these are this is not the type of money that flows

out into the economy that can be well that's that's my point causing the place that's my point quantitative easing never worked was never meant to work and Jerry knows this is that our friend Richard Duncan as well as Edward Griffin what they're saying is that quantitative easing was only to bail out the rich it never was meant to come into the economy and that's why the stock market stays High because the guy our CEOs and all that who are in the stock buyback programs and investment programs they're in that stock market keeping it up for

and then every every sophomore that crashes money comes back in so that's why I want to get the correlation between inflation in the investment products as well as inflation in golf balls maybe I could disagree with that or not I mean that's I don't really care but I have my opinion on it so money is created in an economy through the process of credit creation whenever whenever a loan is made essentially uh that money is created out of thin air and that's regardless of whether it happens at the at the Commercial Bank level or you

know the margin accounts yeah you're not answering my question is the stock market propped up by printing money my opinion is not completely there's a number of factors um that's not the only reason Matt earnings are going down and prices are going up of those bogus stocks well so so the the value of any asset is is a relative function there's an absolute value of everything so when you look at the stock market values you have to look at it in comparison to what's available and so for example right now bond yields are so low

you know we go back to this this Tina coin that was coined during the the financial crisis which is there is no alternative for most people it's typically their investment decisions are either real estate stocks or bonds um as you all know a lot of people have have sort of issues with um with having a lot of investments in real estate they just don't know how to do that very well so typically they focus on stocks and bonds and in the case where we're at record low bond yields the cost of money is is probably

one of the most critical inputs to asset values across the board and so when the cost of money is this low you're going to see a stock market stay elevated is the US dollar and how it shifted in 1971 off the gold standard it wobbled for a while then Nixon and Kissinger cut a deal with Saudi Arabia and became petrol dollars the reason I know so much about this is I went to school have a degree in Ocean Transportation oil I drive drove tankers for standard oil and standard oil was founded by one of the

great Robert Barons of all time John D Rockefeller so I had an insight into this and as a former Marine as a marine pilot I went into Vietnam and I knew immediately why we were there it was oil and today we're drilling for oil in Vietnam and the US is doing its best not to get that oil into China and what happened in 1975 is that Kissinger and Nixon cut a deal with Saudi Arabia saying that from now on all oil had to be bought and sold with U.S dollars is one of the biggest biggest

sweetheart deals of all time and today the reason it's so important is that you know just recently President Obama was in Saudi Arabia you know making nicey nice to South to the king there at the same time a few years a few day a few months earlier he snubbed Netanyahu of Israel and most people don't know what's going on and the reason I like this book Jerry Robinson or this his article preparing for the collapse of the petrodollar system it is something I have studied from the oil side because Kim and I own a lot

of oil and on the other side of the fall under the line we have Matt kirkoff it's a research director at Dow Theory letters and he comes at it from a more academic point of view and he does Research into the stock market so all I'm saying here is this is that if as a price of oil comes down and as tensions you know accelerate in the Middle East what's going to happen to the dollar that's our question because if the dollar collapses then what happens with well prices go up go down will jobs be

wiped out not that it'll happen but I just want you to think that way okay what do you want to say yeah so so Jerry let me because this is where this is what where the lights went on for me so Robert was saying um in in 73 this deal was struck with Saudi Arabia that Saudi Arabia all was going to purchase oil using U.S dollars in exchange for them doing that the United States we're going to give weapons and protection of their oil fields from neighboring Nations including Israel and the 75 all OPEC nations

agreed to exchange in US dollars for weapons and Military protection that that bloom away it's a it's a very very nasty deal and we have the documents on our website followthemoney.com people can they can see them they can download them and you guys can download them from our site and share them but I mean they're all there the evidence is there and what does that mean well in essence as you said in 1973 the dollars for gold uh standard was obviously gone and it was very unsustainable now the reason why they brokered this deal and

I don't think that Kissinger and Nixon knew how good of a deal this was going to be I think this was kind of a last-ditch effort and it turned out to be unbelievable it could have been Mastermind and maybe it was but the main thing is is that it worked and so what happened beginning starting in 1973 is that every barrel of oil that came out of the ground of Saudi Arabia no matter who wanted to buy it whether it was Japan who was extremely resource poor or Brazil or Canada or anybody on the planet

if they wanted to do business with Saudi Arabia now watch this if they wanted to do business with Saudi Arabia and buy oil from them they had to take their Japanese Yen or their Brazilian real and they had to convert it to US Dollars now think about that for a minute what happens when you convert one currency to another you're creating an artificial demand for that currency that did not exist prior to that and so what they did was they created an artificial demand now suddenly Japan while they weren't necessarily going to hold dollars anymore

because of the gold issue now they had a reason to because now they have to buy oil so it kept all of those dollars that were printed it gave a permission slip to keep them out in the global economy this is what and and this boils down to where it meets the road this is where the rubber meets the road this is what the average person doesn't understand is that whenever the whenever the FED prints money like qe1 QE2 qe3 the reason that they can get away with that is because we have a permission slip

to print money because there is a artificial demand that exists globally for the dollar how come because of the petrodollar system so if if Saudi Arabia becomes upset with us right or if these other oil producing nations in OPEC become upset with that what they can do is say we're going to accept dollars and Yuan or dollars and euros dollars and gold and what that does is it puts the Federal Reserve in a panic because suddenly now there is Choice suddenly now the FED does not have this unbelievable never-ending permission slip to print money because

remember what inflation is inflation is when the money is printed it happens when the golf balls fall out of the sky land on the on the ground you know that in that illustration we gave in the last segment when Robert and I were on the island nothing became more valuable because that crate of golf balls fell in the sand the only reason that it went up was because now there was more money and that's the whole point you cannot have a a one billion dollar house in a one million dollar economy so the more they

print the more asset prices can rise and that's why if the guys have listened to a rich dad you know and Rich Dad poured out of the book which came out in 1997. I said your house is not an asset Sailors are losers and the rich don't work for money it's all about oil and to keep this artificial Market to make sure that everybody trades in oil in dollars now why did they attack Saddam and that's what Jerry said and I think you said in the year 2000 September 24th 2000 Saddam emerges from a meeting

with his advisors and they decide to move from selling dollars in oil to Dollars uh to selling oil in euros and just a few years later he's hanging from a news North Korea doesn't take dollars Venezuela does dollars but they've been off and on Iran is now accepting dollars and now suddenly there are buddies because people don't understand people don't understand that America is an Empire it doesn't have friends that have subjects another thing to know is that was a guy named Gaddafi remember him he was trying to set up an exchange in dinar and

he got taken out he got taken out too and once again our guest star Matt kirkov is the research director of dial Theory letters fabulous report I I get it all the time and Jared Robinson who's an economist investor and the host of FTM followed the money daily so Kim what you want to say so so what you're saying Jerry and what you're saying Robert is if these countries stop accepting US dollars for oil and start trading in others then then the demand for US Dollars goes down which means you the cost of your loaf

of bread of your clothes of your home of your fuel are going to Skyrocket is that what you're saying nailed it because all those dollars that were printed because of the Petro dollar system artificially now have to find a home and if you look at the dollar bill it tells you who owns it at the Federal Reserve and so it's going to come right back to the point of origin which is here and what are we going to do with all those dollars so this is why the other day whenever the uh the king of

Saudi Arabia uh conveyed through one of his foreign ministers that if to the Congress that if the Congress passes a bill that provides any kind of transparency on Saudi Arabia's role in 911 that they will dump 750 billion dollars of U.S debt Securities translate that to say they are going to dump the dollar and so that's why that came out last that came out in March uh there was an emergency meeting with the FED between Biden and Obama this has been written about extensively and then uh as you mentioned Robert the next thing you see

is Obama hopping on a plane going over and kissing his ring uh kissing the king's ring so something's going on right now this is about the this is about the most concerned I've been about the economy since 2003. yeah so that's so that's what we have Matt kirkoff on because he's the expert of the in in the stock market my contention is is the stock market is an all-time high even though valuations are of the stock of the company's underlying it is going initially because what the question was if you knew in five years your

job was toast it was gone it's not that you got fired anything it's just you don't need they don't need you anymore you're gone or what happens if your savings become termite droppings well the stock market goes volatile and then comes down you know what what if it's at an all-time high today and it loses 50 percent which it has so the question is what would you do today if and that's a big if you knew it was going to happen in five years and the story of this program is about oil and I'll say

it again World War one because I am I'm a marine I study military history World War One started when Archduke Ferdinand was assassinated in 1914. on that day the very same day England cut a deal with the rest of the world that they got mosul today is called Iraq back then it was called Mesopotamia suddenly we had all of these Sheiks and these people living in the desert they're like Jed Clampett of The Beverly Hillbillies this you know they should fire around Occidental Petroleum rolled in there Standard Oil you know Rockefeller World in there and

suddenly these Arabs became very very rich the story of today's program is by from Jerry Robinson is that after 1971 the United States was spending too much money we were consumers so what happened is Nixon took the dollar off the goal standard just said adios the dollar went into questioning and thus was a brilliant play Kissinger and Nixon cut a deal with Saudi Arabia Jed Clampetts of the world and these guys became rich and they cut the deal that said we'll give you weapons and we'll protect you from Israel all you have to do all

you have to do is price oil in dollars U.S dollars and keep your reserves your debt Securities called bonds and things like that inside U.S system so that gave us an unfair advantage and as Jerry says what happened was suddenly again oil was better than gold because everybody had to buy and sell dollars to buy oil and one of the reasons Japan and China and Korea that they don't have that much oil so they started selling low-priced Goods to the United States so they could get dollars to buy oil and the reason we've had this

couple of programs on this subject is because President Obama was in Saudi Arabia as Jerry says kissing the ring I say you say kissing something else you know and you go why when he snubbed Netanyahu of Israel at the same time we have Isis same time Saddam Hussein gets taken out because he had the audacity in 2000 to shift off the dollar standard into Euro and Gaddafi got taken out because he took he stopped trading his oil which is very good oil into Dinars because he wanted to screw the United States so suddenly this whole

thing is in volatile and what Jerry Robert Jerry Robinson is saying is because it's created this artificial demand everybody had to have dollars the question is what happens if the world stops trading in dollars and recently we had the bricks you know Brazil Russia India China and South Africa they've tried to set up their own bank to stop dealing dealing in the dollar and the IMF and the World Bank and all those guys are going crazy right now so we're in this complete chaos right now that's where we are at and our program is what

can you do and get educated I'm not saying we're right I'm saying it wrong we're not saying anything's going to happen but something's going to change it's the reason why we have our programs and we're talking about Petro dollars and people go well what does that mean to me how come that's important what do I need to know about that but what we're talking about is the more you know these are factors to follow to figure out what is going to happen and it might be inflation it might be hyperinflation the bottom line is what

are you going to do to prepare for whatever happens and this is my hope this is my whole point man let's make up I wake up and smell the coffee today your savings are worth nothing it's called negative interest rates in other words you put your money in the bank 10 years ago you got 10 percent you know what happens in the future you put your money in a bank you have to pay ten percent you know that's where we are today and yet I still listen to these people say oh you should save money

and invest for the long term in the stock market and you know get a safety care job I'm going hey our dollar is corrupt the U.S dollar has had a good free ride for years now since 1974 or five so our guest today I met Kirk office director of the Dow Theory letters very very detailed very insightful at the markets and Jerry Robinson is the economist investor and host of FTM daily his book is bankruptcy of our nation your financial Survival Guide so Jerry what would you do and everybody's going to do something different you

know I'm not going to do what Matt does or what Jerry does and all this we're taking action but for those of you who are saving money it might be the most stupid thing you can do right now Jerry what do you want to say well I want to go back to what Kim said I think she made a really good point when she said that this could happen or it couldn't happen I don't think what we want to do here is is say that this is definitely has to happen and it's going to be

a Mad Max scenario the fact is is that if if there is even a slight diversification from the current setup that we have now with dollar demand let's just say that the Saudis move slightly maybe they just incorporate maybe 20 percent now you can use you on or maybe 30 percent of oil sales can be denominated in the other in some other currency that still messes up the calculations of what the Federal Reserve can make available in the general economy because they factor in not just National demand for the currency but International demand and so

if International demand for the dollar goes down which we believe it will then that's going to put a crimp in the fed's plans to keep printing to ad nauseum every time there's a problem it's going to ruin that green span put that you talk about it they can't keep printing money to pay our bills so so what that means is if they can't keep printing money that the same way if they lose that permission slip to print all that money then suddenly they can't cope with these market downturns so a I am out of the

stock market I got out probably just a little bit before you did Robert I was out uh at the very beginning of 2015. maybe we got at the same time but I got it it looked really strange the s p topped out at about 2134 earlier last May uh since then it's been grinding trying to go higher setting lower lows and lower highs classic bear bear market right now it looks like so so what are you pierce so what are you doing what are you doing so that's I would be I would be avoiding a

Buy and Hold situation on the stock market I would be very selective if I wasn't would you be counting on your 401k to be here five years from now I would probably be counting on it to be here but I would be counting on it to have to have a higher distribution tax I fear that IRAs traditional IRAs and Roth IRAs are the next area to get hit they're huge people always say they're going to confiscate your gold you got to worry about that no they're not they're going to count they're going to come after

your 401k and Ira and they're going to raise the distribution tax by 10 or maybe 20 percent so with that so that's why we have Matt kirkhoff because he is the expert on the inside ins and outs of the market Matt what he had to say about this discussion well the approach we take and what I think is kind of a safe way for for a lot of people at home listening to look at this is to to try and try and look at sort of the big picture trends that are going on so as

Jerry pointed out um perfectly the the stock market has has established sort of a bearish trend to it um it peaked a little while ago and we've seen lower lows and lower highs so that's something you need to be be able to recognize and and take action on we could say the same thing across uh sort of all different asset classes or currencies when the dollar is in a particular Trend um it's a good idea to understand you know if if that currency continues to follow that Trend what's that going to mean for other assets

and other Investments that you're holding so this is the point here is that what are we doing you know Matt Matt speaks in uh what I call business school language you know he calls you know suppressing the the law what do you call it suppressing the long Bond what that means to me as a real estate guys it means money is cheap you know hallelujah thank you God I love you madly because Kim and I remember when we had to borrow at 12 so that's what I think you mean by you suppressing the long blonde

or something like that you nailed it keep money money is cheap on top of that the people that are saving money Japan just one more time increase how much you have to pay to keep your money in the bank and so today in that means you have to pay money to keep your money in the bank so the biggest product consumer product in Japan today are saves for your home why should you pay the bank to keep your money there just buy a safe and keep it at home that's what's going on throughout the world

and and Jerry you have a you have a system called Pace p-a-c-e in terms of what action you're doing what is that tremendous respect for Dow Theory letters and for the Dow Theory and for technical analysis we're actually Trend Traders here we are a trend Reef research investment firm and so what we do is we research Trends in several areas precious we call it Pace precious metals agriculture a C stands for Commodities e stands for energy we like all four of those areas in a in a negative environment for the dollar those are areas we

would look at obviously if you can get physical assets in those areas it's even better like you do often you have to be an accredited investor if you're not an accredited investor you can gain exposure through ETFs to these markets and simply trade the trends in them and that's what we do we've been very successful in the boom bust commodity our boom bust cycles of Commodities we also love real estate affordable housing is one of our absolute positive favorite asset classes like you guys we love it we don't think that in the long term people

are going to suddenly not need a place to live an affordable place to live so we like affordable housing so let me let me give you a stat that keeps me happy at night today in America there's four thousand I think no 40 000 cheap affordable housing units being built forty thousand the problem is the demand is for two million of them so when I look at those stats I go well I'm pretty safe as long as there's jobs if there's no jobs they can't pay for that that's right Robert people don't realize that we're

turning into a renter nation that people can't afford their student loans anymore they're in default so they're just going to rent so if you're going to be a real estate investor and be uh providing affordable housing I think for the next several decades that would be where my money would be in addition to playing Trends in the market uh if you understand how Trend trading works we teach that at our website we teach Trend trading we we have all kinds of stuff that we can provide to people who are looking for that right but that's

what we focus on Trend trading real estate hard assets we think that's the place to be and if you're going to be in stocks just at least keep an eye on them don't just buy and hold that's one of the most dangerous things you can do right now and that's why we had Matt kirkoff on this on this program is because his insights as to what's going on behind the scenes you know where they make the sausage where they chop up the truth and packages as sausage that's why you want the Dow Theory letters was

Richard Ross muscle was a guy that always spoke what he what he thought was the truth as best he could see it so ladies and gentlemen we're not talking about we're right or anybody's wrong and all this I'm just saying right now is the 1971 Nixon took us off the gold standard in 1975 we shifted on to the petrol dollar and the dollar became more valuable than gold because it was now backed by oil the problem is just watch the news President Obama was in Saudi Arabia kissing the ring 60 minutes just asked the question

what happened in that 9 11 report so that's why listening to Jerry Robinson and his book the bankruptcy sites and we're going to the first question now to ask Robert you can submit your question to ask Robert at richdadradio.com Melissa what's the first question our first question today comes from Craig and Calgary Alberta favorite book unfair Advantage his question is this there is always some greedy reason for government policy what are your thoughts on TPP are there any benefits for the average person or am I right in thinking that we are about to get screwed

again well you know there's always two sides there's always three sides to everything else you know TPP in my opinion and I could be wrong what is TPP oh trans-pacific partnership you know it's a trade agreement between friends and foe no against the foe I suspect it's against China and North Korea and those I suspect I could be wrong but I don't trust my government you know they're all joining sides and you know fighting for deck chairs on the Titanic right now Poitier members is which we talked about briefly it's a 1944 was a Bretton

Woods agreement that made the U.S dollar as good as gold it also created the IMF and the World Bank there's always three sides to a coin heads tails and The Edge on the other side of the coin going against the IMF and the World Bank is brics Brazil Russia India China and South Africa those guys don't like the deal they're getting so they formed a brics bank and they want to go against IMF and the World Bank and I think TPP is more about that so Brazil Russia India China and South Africa are getting the

short end of the stick so they're going to form their own bank but this goes back to the whole story that it all goes back to oil you know oil I think is a dying commodity I think solar will take over an alternative will take over but for now there's going to be hell to pay so the question is what is TPP I think is another time to secure a deck chair of the Titanic before it goes down and it comes Kim well I just I just you know the thing that just jumped out at

me you're talking about government policy and there's so much we don't know what goes on behind the scenes and I can say again that the eye opener for me in this show was that in 1973 the U.S and Saudi Arabia cut a deal saying that all Saudi oil would be would be bought purchased in US Dollars and in exchange the US was going to supply weapons and protection of Saudi oil fields from neighboring Nations and then all of OPEC agreed to do this yeah because they're afraid of Israel because errors will come in and take

their oil that's what they're afraid of so Israel you know if you think U.S is a friend of Israel I think you better think again that's why Obama snubbing Netanyahu last year and and just recently going over to Saudi Arabia to Kiss the Ring I think that's that's action speaks louder than words think for yourself right now think for yourself next question Melissa our next question comes from Alexander in Germany favorite book Rich Dad Poor Dad he says I'm going to start my education and Entrepreneurship to start my own business abroad but I have to

borrow money to take this step is it worth doing my intuition is telling me this is a good decision well it's not the money you spend the question is do you use your education and as you can tell my art you know Matt kirkoff is a really good friend of mine but he went to traditional business school and what they teach them is ancient history about markets they have no most guys that go to business school their feet aren't on the ground they they live someplace in the air you notice Jared Robinson when he talks

about investing he talks about things that come from the soil you know products and you know oil stuff like this so there's always different philosophies the most important thing is will you use your education that's the question if you use it it's worth it and by the way Rich Dad does have programs for people who want to be entrepreneurs and we have a whole online programs for people who do not want to be employees working for a living saving money getting out of debt and investing for the long term in the stock market so rich

dad also has programs a lot of people have programs take your pick but the most important thing is a reason most people don't use their education is because they teach you in school not to make mistakes you know how stupid that is if how are you going to learn anything if you don't make mistakes in school the person that makes the most mistakes is stupid in the real world appears person that makes most mistakes and learn from them is called successful comments Kim well Alexander says he's going to borrow money to take this step my

question is what are you borrowing the money for that's all what do you want more you're saying if it's if it's Traditional School Pro waste of time if you want to learn entrepreneurship because I still to this day don't know any school that teaches anything about entrepreneurship because the per the way you learn entrepreneurship is two ways you go out there and you do it and you start and you and I Robert have started many companies with no money at all or you find a mentor who's doing what you want to do and you go

study with them and ideally for free and learn from them so that that would be my advice yeah that's a question that's really up to you but congratulations for thinking about it next question Melissa our next question comes from bran in Australia favorite book Rich Dad Poor Dad we can see governments around the world trying to manipulate the markets by policies like printing monies and bailout do you think they can keep on using these tactics to save our world economies well that's the whole point of this program again 1944 let me go to the dates

got my history buff I know Matt kirkoff disagrees with all this but in 1944 it's a Bretton Woods agreement 44 Nations got together and they said hey let's let's pass the torch to America see before 1944 the reserve currency of the war was England they had the control of it so they pass it to the FED here in America now Matt disagrees with all that but that's what happened and so the dollar was supposed to be backed by goal and since America has just fought the War and all the countries of the world had to

pay us in goal America was flush with gold the problem was America spends on welfare and warfare we start spending too much money and our gold Supply got depleted so that's why in 781 Nixon says us oh by the way we close the gold window means the dollar is no longer backed by gold if you can understand that and then it went to the petrol dollar a formal agreement by 1975 and again the thing to understand here is that as long as oil is traded in dollars America has hegemony we have an unfair advantage throughout

the world that means China has to sell us cheap products so they can buy gold I mean oil Japan is a seller's cheap product so they can buy oil Germany has to sell us their product so they can buy oil but in 2000 all Saddam Hussein had the bright idea he says I'm tired of this I'm going to you know it's trade in Euros because a year was a new currency It came it just came out naturally Saddam is dead today and then there was Gaddafi who said ah I like that idea I think I'll

trade in dinars Gaddafi is dead today now if you can understand that you understand World economic history not that stuff they teach you in school that's the real economics if you don't play by the rules of the US government trying to keep the US dollar the reserve currency of oil you don't understand economics you know the word CIA stands for capitalisms invisible Army you don't play the game you're taken out next question Melissa our next question comes from Hayward in Michigan favorite book Rich Dad Poor Dad he says what are your suggestions for someone entering

investment banking with one of the top financial institutions in the country in the midst of the impending 2016 crash I would say more power to you wouldn't you say Kim yes that's a pretty gutsy movie yeah you have to be pretty smart to get hired you know by those guys they'll work here to death because your sister's son yeah my my nephew took one of those jobs early as an intern and they worked worked him to death I mean they worked them so many hours and there was like five of these young men and they

worked and worked and worked and and the bosses got all the credit and they got no credit but they worked like I don't know 18-hour days yeah and I saw this guy you know he was just Hagrid you know a young guy 20 something years old great college education and all that he says I never worked so hard I said well it'll pay off for the rest of your life and that's what Andrew said Andrew said I'm going to stick with this I'm going to stick with this because I'm getting the best education possible yeah

so congratulations but also remember there was a guy named David Stockman who wrote a book called The Great deformation it's been on our program he was Reagan's budget director but he also I believe it could be a wrong word for Solomon Brothers and working for the government and then working for Solomon Brothers is how he saw the whole scam coming apart so that's why stockmen who again who everybody you know just analyze idolizes Reagan and most people think he's the greatest guy on Earth Reagan wasn't that great a president but the his reputation is because

he played games with the banks who play who played the game the point here is this if you can get behind the scenes and see as much as you can do it is what Priceless education for me like I said my college degree is ocean Transportation oil I understand oil and once I understood oil I could see the world economy and that's why the economics they teach you in school it's a bunch of BS Blue Sky it has nothing to do with the real economy so Cameron let's let's close a show up I think we've

ruffled enough feathers you know uh bran as the earlier question about are they going to keep you know propping the the government uh propping the economy up and all of this is how long is it going to go on don't you think that so many of these people coming out now all of these experts we talked to about you know the impending Euro Petro dollar crash in in the in the system crashing from all these from from economics isn't it because it should have crashed by now a long time ago yeah and now all these

people are coming out it should have crashed by now but they keep propping it up so it doesn't crash so I just think somewhere down the road they're gonna not be able to prop it up but and that's why we have Matt kirchhoff on because Harry doesn't believe it's propped up by quantitative easing he disagrees with it and that says that's why we have them on this program so I'm not saying one is right