The Pomp Podcast - #263: Robert Kiyosaki on How The World’s Wealthiest Invest Their Money

Episode Date: April 7, 2020

Robert Kiyosaki is an American businessman and author. Kiyosaki is the founder of Rich Global LLC and the Rich Dad Company, a private financial education company that provides personal finance and business education to people through books and videos. His book, Rich Dad Poor Dad, is the number 1 personal finance book of all time. In this conversation, Anthony and Robert discuss the current global economy, why the Fed is a cartel, what every individual needs to understand about finance, where you should put your wealth to protect it, why the little guy is going to get screwed in this financial depression, and Robert even shares a number of Vietnam war stories.  =============================== BlockFi allows you to keep your crypto, put it up as collateral, and receive a USD loan funded directly to your bank account. Visit try.blockfi.com/get-50/?ref=pomp50 to get started with BlockFi today and earn up to $50 in BTC when you create an interest account and make a deposit of $250 or more. =============================== TaxBit is a refund-maximizing, cryptocurrency tax software you can depend on. Visit taxbit.com/invite/pomp and receive 10% off your tax plan today by signing up for a free trial. ===============================

What's up, everyone? This is Anthony Pompliano. Most of you know me as Pomp. You're listening to the Pomp Podcast, simply the best podcast out there. Let's kick this thing off. Robert Kiyosaki is an American businessman and author. Kiyosaki is the founder of Rich Global LLC and the Rich Dad Company, a private financial education company that provides personal finance and business education to people through books and videos. His book, Rich Dad, Poor Dad, is the number one personal finance book of all time. In this conversation, we discuss the current global economy, why the Fed is a cartel, what every individual needs to understand about finance, where you should put your wealth to protect it, why the little guy is going to get screwed in

this financial crisis, and Robert even shares a number of Vietnam War stories. This conversation was fascinating from a number of perspectives. Robert is incredibly intelligent and has a number of opinions, some of which I agree with and some of which I don't. Also, please do not consider any of this conversation to be financial advice. Before we get into the episode though, I want to quickly talk about our two sponsors. The first is BlockFi. Right now, you can go and deposit $250 in one of their interest-bearing accounts and if you hold it there for three months while you earn interest, you'll receive a free $50 in Bitcoin. That's right, put $250 in, hold it for three months in an interest bearing account and you receive $50 in free Bitcoin. They currently are

offering very high interest rates up to 6% interest on their Bitcoin interest deposit account and up to 8.6% on their GUSD and USDC interest bearing accounts. So go check them out blockfi.com slash pomp again, blockfi.com slash pomp. Our second sponsor is Taxbit. Taxbit automates your cryptocurrency taxes, enabling you to effortlessly track, calculate and report your transactions. You can easily connect your exchanges to securely sync your transactions and run them through Taxbit's tax engine. You can generate a completed tax form with a single click. The company is founded by tax attorneys and CPAs. Taxbit is the most trusted cryptocurrency tax solution. Get 10% off your tax plan today with a free trial by going to taxbit.com slash invite slash Pomp. Again, taxbit.com slash

invite slash Pomp. All right, now let's get into this episode with Robert. I hope you guys enjoy it. Anthony Pompliano is a partner at Morgan Creek Digital. All opinions expressed by Pomp or his guests on this podcast are solely their opinions and do not reflect the opinions of Morgan Creek Digital or Morgan Creek Capital Management. You should not treat any opinion expressed by Pomp as a specific inducement to make a particular investment or follow a particular strategy, but only as an expression of his opinion. This podcast is for informational purposes only. Bang, bang. I have a special treat for you today. Mr. Robert Kiyosaki himself. I think the best seller ever when it comes to personal finance. Many of you have probably read Rich Dad, Poor Dad. I have. So thanks so much for taking the time to do this, Robert. I'm honored.

I was just saying how much I've enjoyed your guests, because I learn a lot. If you talk to Caitlin Long, tell her, except for that lousy power outage from Wyoming, would have been a great program, but she was fantastic. And I said, your fiance is still my favorite. I will make sure they both know. So you don't know this story, but in 2008, I was 20 years old in Iraq on a deployment in the US military. And I read Rich Dad, Poor Dad for the first time. And I read it along with two other books, Richest Man in Babylon and Thinking Grow Rich. And I always tell people

that those three books kind of being read simultaneous at that point in my life changed my mindset when it came to finance, money, work, etc. And you wrote the book now, what, 23, 24 years ago. So first of all, just give us an update on kind of the book itself and kind of the impact has had well thank you for uh lumping me together with those books man those those are classics i mean i read them myself you know you you trust me rich dad poor dad's a classic at this point too whether you want to admit it or not i can't believe it because it is number one in the world so far you know and you know there was those books that you you told me about that you read i read changed my life too yeah but for me to think that i i would write a classic you know that's

classic you know because i flunked out of school because i can't write so i flunked my sophomore year and i flunked my senior year because the teacher my english teacher says you can't write and but the fact was i couldn't spell well that's why they have a spell checker these days i know And I tried this one on the teeth. The one was a male, one was a female. And I said, well, it's a very uncreative person who can't spell a word three or four different ways. I love it.

I love it. Well, here's the reason I wanted to talk to you on the podcast today is you have done two things that I think are really important. One is obviously you've been teaching people for 20 plus years on personal finance, a lot of things that schools don't teach and this idea that savers are losers and not putting your money to work. But also recently, you've started to really warn people, hey, there is the likelihood that we are going to see a market downturn and how people can protect themselves. Both of those things end up being pretty valuable in the world that we're existing in today. So maybe just start

with what's your view of where we are in the global economy? What's going on right now from kind of your perspective well obviously we're going for a depression right now i mean this uh pandemic i know is real but i smell a rat you know what i mean and uh there's a lot of you know a lot of people have been warning i've been warning it's coming i've been you know like most people don't listen uh you know the next book i'm writing is with jim records you know you know road to ruin and currency wars we've been warning people for years and the book we're going to write together is called ravens and a raven was a the bird of greek mythology that could see the future but also and so if you if you ever saw me back in 2008 i

was on wolf blitzer's program uh in january saying lehman brothers was going to come down and Will Flitzer goes hey, que pasa you can't say that my advertisers will cancel us and I said, no, it's going to come down you know, and then so he balked and then they had

an agent of Wall Street on the program with me and she attacked me and I just shined it on, you know but I'm not an agent for Wall Street, I'm not, you know they're a criminal element same as the fed so that's kind of why i called it and then was september 2008

lehman went down the dow dropped from 14 000 to zero i hope you know and i made so much freaking money because you make more money in a crash than you do in a boom you know but anyway people don't listen and then as uh there's enough not only does a raven as a prophet or a prophecy a cassandra is also from i believe greek mythology and a cassandra was a woman who was born with the gift of seeing the future except that nobody believed her and i think that's really the problem you know and i i know that you're a bitcoin fanatic i i have a few but the reason i endorse bitcoin is just for one freaking reason you're not part of the system you know i i i quote you all the time It's a separation of government and my money.

And, you know, what I say to people is, well, what do you know? You're an old guy. I say, yeah, I'm very old. I'm coronavirus number one target. You know, I've had pneumonia three times. They're after me. But so is Wall Street. You know, the next guys are going to get toasted are the baby boomers and their pensions.

Their pensions are empty. You know, it's a promise. No, it's not a promise. you know, it's bullshit. Yeah. Well, one of the things I think that's really important here, and you kind of hit on a couple of these. So first is the system is working as designed. And I think a lot of people miss that point, right? So it's not that the system is broken. It's that the system no longer serves majority of the people. And I think once people kind of realize the system is working as it's designed, that highlights part of the issue.

But let's start first with the pension problem. I know you're super passionate about this. I have no more banging of the drum to do, so maybe you can get through to people. But help us understand what exactly is the issue with the pensions, and then what you think plays out over the next 12 to 36 months with the pensions. Well, as you've said, and I've said, and everybody said, you know, the best teachers stay on YouTube. They're not in a university. The university is a bunch of criminals, you know what I mean, as far as I'm concerned. They're like my poor dad, you know, rich dad and poor dad. They're all poor dads, PhDs. PhD stands for poor, helpless, and desperate. They're desperate people. And the only thing a school

teacher cares about is tenure. You know what I mean? And because there's another guy, Jordan Peterson, I listen to. He says it really well. He says, you know, these professors, because He's a professor also, and he says the reason they need 10 years is because they need to be protected. So they sell to the kids, you're weak, you're fragile. You've got to be protected. The government's going to protect you from the rich. And so that's when these kids are coming out of school.

I was a Marine, and thank you for serving in the Army, but I was a Marine. And a lot of those guys that spit on me when I came back from Vietnam, I went there twice, are today the college professors, you know, a bunch of communist pinkos. So I don't really have much affection for college professors. They're good people. You got to go to college. You got to become a doctor, a lawyer, an attorney, whatever it is, you know, accountant. But they're not the bravest people on earth.

They're cowards. You know, those are the guys that spit on me. They're the hippies of my generation. And they, you know, accuse me of being a baby killer and all that stuff. And so, you know, like when I go to the Vietnam Wall, I want to cry. You know, because my friends died to get spit on. And now they're leaving our academic system. and they're sending out these uh kids who are fragile you know nausea metallic pulse there's three kinds of people there's fragile robust and anti-fragile and what i was telling my friends with boys especially i said you know your boys are wimps you know they're mama's boys they go oh don't say that i said you know they can't find a job so they're living at home you know they're wimps no no don't say that you know but they went to school they're fragile as hell you can't say anything you hurt their feelings you know i mean pump did the did your

sergeant ever hurt your feelings uh every day and i used to shut my mouth and do what he said i know and if and if if somebody wasn't hurting my feelings it didn't it meant they didn't love me Yeah, well, and here, I mean, here's a great example of it, right? I said, actually, this morning, I tweeted something that I said, Fortune 500 CEOs that are like begging for these bailouts. All I'm hearing is they're basically quitting, right? They're saying, hey, this problem's too big, and I can't figure it out. And the comparison in my mind is you have small business owners that their businesses are being decimated, but they're figuring out how to survive. So, hey, we were, you know, my favorite example is the group that was setting up the stages for Coachella, right? The big music festival. They were supposed to do all of the kind of logistics and that. All of a sudden, I realized Coachella is canceled. So there goes majority of our revenue for the year.

They immediately pivoted, and they've been building FEMA tents for healthcare services and healthcare workers. It's just a small business owner who says, look, if I don't make a decision here and change my business and adapt, we will die. This business will go under. I'll have to fire all my employees, et cetera. That, to me, is somebody who's on offense, who's kind of taking responsibility for what they've signed up for, et cetera. The opposite end of that is a lot of the corporate CEOs who are saying, hey, I can't figure out the problem. It's too big of a problem, so have the government come save me. and to me it's like employees should stand up and say hey well if you can't solve the problem why don't you leave and let's go find a ceo who can solve the problem because the problem has to be solved and it's just i don't know i i just don't get it um but maybe you and i just have a different view of the world i guess no i mean that's what i see the corporate ceos like i i heard i heard of disney and uh steve burke of nbc universal they're all hitting the ripcord man they're

They're airborne right now. The smart ones got out. They're pulling that D-ring, man. They're getting out now, you know? So they've, you know, they've corporate credit, you know, they've basically taken AAA corporations, dropped them to BBB, next stop is jump. And those are CEOs of Ford Motor Company, AT&T, GE, IBM.

they've ripped off not only you and i they ripped off the pensions they've ripped off their shareholders and they've ripped off their employees they're bad leaders you know and and uh that's why i often say that most of the people who are leading the country are like my poor dad you know uh who was that guy uh he was talking to oh uh jesus i can't remember but anyway he talks about two kinds of leaders there's no time ceo and peacetime ceo ben horowitz war he war leaders and peacetime heroes and leaders and most of our leaders are peacetime i call them peacetime pussies you know i mean i just really have no use for them they're good people i'm sure and all this but how can you screw your own people that's against the code man it's against the code

You know, I went to military school, although I had bad grades, I have high SATs, and I got accepted to Naval Academy and Merchant Marine Academy. I took Merchant Marine Academy because we're the highest paid graduates in the world. And when I graduated four years later, I was being paid like my classmates in 69 making $120,000 a year tax-free, which was not bad then, you know, today it's not much, but back then it was a lot of money. and the vietnam war was still on this is in 69 and like a fucking idiot i went down to this i went down to this recruitment station and there was a guy from the army navy air force

you know marine corps and all this other stuff and so the coast guard stands up there they say we're here to save people's lives and the navy says we sail ships whatever they talk about The Army says we have the best vehicles in town, the biggest motor pool. The Air Force say they have the best golf courses. And then the Marine stands up and he says, look, boys and girls, there's only one reason you want to be a Marine. We kill people. If you want to save people's lives, join the fucking Coast Guard. You want to kill people, join the Marine Corps.

And for some reason, I'm standing in front of him and I said, oh, this sounds like fun, you know. So I gave up that $120,000 a year job to make $200,000 a month as a lieutenant on my way to flight school in Pensacola, on to Camp Pendleton, on to Okinawa, and into Vietnam, you know. And when I came back, when I came out of country and went back to Okinawa, I was a changed man. And that's what's really hard to tell people. You know, joining the military is one thing, but being in combat is another. When I came back to Okinawa, where the Marine base is and was, was and is, I thought my fellow Marines were pussies. You know, they were supply guys in the rear with the gear and the beer.

You know what I mean? Why die? Go supply. But I had changed so much. Just, you know, I went to Vietnam twice, but each time I came back, it was transformational. So I really have a hard time talking to somebody if they didn't serve in combat, if they're a supply guy or something. But even worse than that is somebody who never served in the military. I just don't understand it. I think part of what you're highlighting here is there's a mindset, right? And I heard you on a recent interview, you basically said, look, this whole crisis is in your head, right? And I thought that that was a really illuminating statement. And really, because what it does is it is the way you react to the crisis, right? the crisis is going to happen whether you like it or not. We all don't want it to happen,

but it's happening. And the crisis being in your head, essentially the way I heard it was you can either let it happen to you and you be the receiver of all of that pain, or you can be responsible and have personal responsibility and basically say, look, I got to navigate this correctly. And if you're really good, not only will you navigate it successfully, but you'll actually come out the other side, stronger, wealthier, better positioned than you went into it. But it all comes from that mindset of, am I going to let the world happen to me? Or am I going to kind of implement my will on the world as it hurts, right? Right. I mean, if you're not doing well, if you're not thriving today in this crisis, then somebody to your head, somebody crawled

upside your butt and into your head and messed with it. You know, go to school, get a job, card taxes save money and get out of debt and then invest a little long term in a well-diversified portfolio stocks bonds mutual funds and etfs if you've done that you you're in big trouble so as you know if you don't change your thoughts you don't change your life and that's why i've been on you know i've been tweeting on and i'm so old i don't know what Twitter is. But anyway, what was I talking about? Oh, I said, go to YouTube, man. There's some, the best teachers are on YouTube. And they're not getting paid stupid academic rates. You know, they don't have tenure. Most of them, if they're a real teacher, they're doing really well today.

You're doing well. I'm doing well. I would listen to us, not that phony at Harvard, you know the the peacetime leader yeah but i think that this also like what you're highlighting um you know and again you've said it before is like the dying of the industrial age and and really the acceleration of a shift to information age maybe explain that a little bit what do you mean when you say the industrial age is ending and we're now really getting thrust into that information age well look at what we're doing today you know i mean uh you know industrial age when when it changed from agrarian to industrial the horse saw the car you know what i mean the horse could see the car and i said oh my job is done and the horse was finished that's up for racing but today you

can't see the change so when we saw in 1989 when the world wide web came up and the berlin wall came down simultaneously i thought that was interesting you know so that was it's another transformation. It's no different than when, you know, let's say I'm a king, I'm a king in Portugal or something. And I got all my archers and my swords guys and my spirit guys. And some entrepreneur drives up there with his cannon. He just loads that cannon and blows the guy's walls down, you know. Well, that's kind of what's happening today. You know, all the old guys standing in their castle walls. And some entrepreneurs, you know, they're pounding the crap out of them. So exactly when I was with Steve Burke of NBCUniversal, he was saying the guys, what we're

doing, the guys on social media are kicking their butts right now. They don't know what to do. You know, they can't stop us. So that's kind of what I'm talking about. The problem is the average person, because they went to school looking for a job, they can't see what's going on. They're blind. So, you know, like, and I think it was on your program, you hold up a cell phone, you got more power in that cell phone than when I first went to the Academy in New York in 65. They had full, you know, rooms blown, Sperry computers and all that. You got more power in that cell phone than that Sperry computer at my school in New York. And if you can't make money with that cell phone, hang up the jockstrap, man. you don't have it yeah and i think that part of this is uh the models don't change just the

execution does right the difference between um kind of old school uh nbc live television to what we're doing now to the kid who's posting a tiktok you know six second video it's all just um a guy rich greenfield came on he said it's a war for attention because everyone talks about streaming wars or movie wars or tv wars he goes it's all the same it's just there's 24 hours in a day somebody's going to sleep about eight hours of those. So you got 16 hours left and we're all competing for the same hours. And how do you entertain or inform somebody over everyone else? And it ultimately comes down to value. And I think to your point, more and more people are finding the value outside of those traditional means because they just think that it actually

has a bigger impact. Well, if I could go back to something more basic than that, what we started talking about at the start of this whole thing, is that I told my friend, I said, you know, I said, your son is a wimp. You know, I said, join the Marine Corps. Join the fucking army. Do fucking something. You know, grow up. Just grow up.

If you're hiding out, sucking your thumb with mommy and daddy, there's something really wrong with you. Do you know what I mean? There's something lacking in your character. Of course, this is a couple of years, this is when Desert Storm first kicked in, you know, and the son never went into Marine Corps because his mother was afraid he might die. I said, well, he might live too. He might die.

I said, no, he'll probably be a supply guy in the rear with the gear and the beer, but at least he goes through basic training. You know, but they don't get it. And that's the thing between wartime leader and peacetime leader. Most people are peacetime pussies. They're so afraid today. And there's more opportunity, as you and I know, than ever before in the history of the world. And it sits in your hand. It's called an iPhone or an Android or whatever you guys call those damn things. But you can't think because you're so

afraid. And that's the problem. So one of the things that you've done a fantastic job, I think, teaching people over the years is how money in the economy works, right? Everything from the cashflow quadrant of just get the hell out of the left side and get on the right side of the thing, et cetera. You've literally educated millions of people. For those that don't understand it, the stimulus, I think, there's two components to it that crack me up. I want your opinion. The first is the $1,200 check. I just call that, that's the bribe. That's the bribe to avoid social unrest. We're going to give you guys $1,200. Everybody shut up. We're trying to help you. And if things get really bad, we basically give you $1,200 and you're good,

which isn't actually helpful to majority of people. But then you also get the stimulus to the corporations, which you've highlighted. It's just socialism for corporations or socialism for the rich. So maybe talk a little bit about what exactly you mean by socialism for corporations or for the rich. Well, I think there's a great book. It's a big book, but get the book. It's called The Creature from Jekyll Island by my friend G. Edward Griffin. And this was, I think it's the 1990s, this book came out. And he wrote in there, bailout is the name of the game. So the Fed's only purpose, and the Fed is not a bank. It's a cartel owned by the richest people in the planet, which we'll never see. And they're this guy, Brunch. This is Buckminster Fuller. Brunch

stands for gross universal cashless. So the guys that own the Fed control the world, not the Fed, but they control the world. So once you understand that, you go, okay, now I better start doing something different. So what the Fed, what the creature does, it drops the world into this crisis And the pandemic is probably real. But then you get so desperate, you'll take the money. It's communism. You see what happens, what Edward Griffin says in A Creature from Jekyll Island, was that when Marx attempted to bring communism to America,

the problem was Americans are too tough. The American spirit is too strong. So what Griffin is saying here, what Fuller calls grudge had to do, or Marx had to do, was introduce socialism first. So the way you introduce socialism is called social security and all that. They have these crises, the depression, you know, 9-11, this one over here. And people get so desperate. Rickards is saying the same thing, you know, road to ruin and all that. we get so desperate we'll take anything and so they're gonna give you this thousand dollar check

to but first have to bust your spirit and that's what i was saying to my friend you know send your kid even to the coast guard let me do something you know grow up so you get so desperate you take that check next stop is communism so he goes capitalism socialism communism and you can see it right now, because they're going to bail Boeing out, guess what? The Fed's going to take part ownership of Boeing. That's communism. You know, study economics, you idiots out there. I mean, that's communism. So they bust our spirits. Oh, $1,200 from the government, because I don't have a job. Well, that's the same exact number they did in Hong Kong not too long ago. You know, All those guys were rioting in the streets.

They gave him $1,200 also. And this book here, Brunch by Bucky Fuller, Gross Universal Cash Ice, there's VR, money, and whole systems. That's why there's no financial education in schools. And that's why today I'm doing better than ever. I'm making money hand over fist.

You know, my biggest problem is I can't get enough inventory of my cash flow gain. It's a good problem, not complaining. But we have to pay extra to air freight them in. stuff like this stuff, but it's a good problem, but we were prepared for it. Yeah. If you went to school, you're not. Yeah. I think part of what you're really highlighting here is this whole idea that any time a crisis occurs, it's an opportunity to grab civil liberties, personal freedom, and also economically. And the part to me that

I don't understand why people are missing this, but I think you've done a great job highlighting it is the socialism for the rich and the corporations, that's going to happen. Whether you and I like it or not, it's going to happen. And so that's just what it is. But the cost for the bottom 50% of Americans when the stimulus occurs, the devaluation of the currency and all of the things that I think the gold bugs and the Bitcoiners have been yelling and screaming about for years, it's here. It's happening right before our eyes. And the sad part is that the people who get hurt the most are the people who are the most vulnerable, right? The people who actually need the most help, they get hurt because they're sitting in cash. They have no real assets.

They're getting paid hourly wages that aren't adjusted for inflation, et cetera. And there's nothing they can really do other than educate themselves, which is what you spent the last 20 something plus years doing for people, I think. Well, look at the worst part about it too. They send their kids to colleges or universities and they load up a student loan debt. And that That occurred in 2009, you know, when Obama took, he basically said to the banks, look, you lend these kids all this money, and the Fed, well, the Treasury will back them up. And now those kids are desperate. That's why I wrote Rich Dad Poor Dad back in 97. I created my cash flow board game.

It says, our schools don't teach us anything about money, but that's what this book was here, and Grudge was giant. It's not an accident. Grunt stands for gross universal cash tax and we can see it today that's what this book is saying we're shifted from capitalism to socialism you have Bernie Sanders and AOC

and the rest of those cartoons running and then when they bail out Boeing which is in trouble anyway but they're going to take a percentage ownership so you can see it goes from capitalism socialism communism and that's what this guy was saying

That's what Khrushchev is saying. And that's what Rickards is saying on the road to ruin. This is not a mistake. And we've been warning people all these years, and they still send their kids to college and learn nothing about money. But they learn they're fragile. You know, you've got to be politically correct. Politically correct is the first step of communism.

It's called the freedom of speech. If I have to worry about hurting your worthless little feeling, I mean, I'll never go anywhere. You know, what, there's 72 gender pronouns now? You know, in the Marine Corps, there's only two, he or she. That's it. You know, and if you're not a he or a she, you don't belong in the Marine Corps. Okay, they'll get you. But today, it's like 72 gender pronouns.

I don't even know what they are. blood. So not only do I have to worry about not knowing your name, I have to know the gender pronoun because you're so afraid of having your feelings hurt. What do you think? So let's kind of think of, we know what the problems are, right? You've been highlighting it. There's a bunch of people who are highlighting all of the economic issues that are happening right now. What is the solution? And what I want to start with is let's go macro first in terms of if you're the president, if you're the head of the Federal Reserve, et cetera, how do you solve the problem or turn it around? And then we'll go to the actual individual. But what do you think the solutions

really are here? Or are there none? Well, I think there was a great book written years ago in the 50s. It was called Atlas Shrugged by Anne Rand. And it's guys like you and me, we're going into hiding. The capitalists go into hiding as socialists and communists take over the government. So I have several hiding places right now. I can't tell you because I have to kill you if I told you where I'm at. But I've been hiding for years. You know, I just write these books and all this, but you know, my money isn't anywhere, you know, and it's the same old thing. So you've got to find your friends. I have my rich dad advisors, man, I trust these guys with my life. And they're women too, you know. So that was the best thing I got in the Marine Corps when

we strapped in, you know, I was a, I was a gunship pilot and we strapped in, we were the band of brothers. It wasn't Lieutenant and Sergeant and Corporal. We were just brothers, man. We were going in to do a very, very dangerous job. I went down three times and I wouldn't be here today without my brothers. You know what I mean? And I come back, I come back, I landed at Norton Air Force Base in California and these hippies start spitting on me. I'm going, you know, I should have shot you guys not the other guys so i have an attitude problem and so i'd rather hang out with you than some politically correct person i don't know what his real gender is or her real gender is you know what i mean i don't really care what your gender

you want to you want to jump on other boys have a good life you know i don't want to do that i like women but if you want to tranny and all that stuff that's up to you i don't really care but you get upset that i don't respect your sexual choices why should i care it's none of my business so i think a lot of this transgender stuff is spreading hate and anger and frustration at me you know i'm very happy liking women you know so anyway i don't understand what's going that in our society. So that's why I think the solution is choose your friends carefully. Get your band of brothers. Choose your teachers wisely on YouTube. But you've got to be careful what you put in your head and who's got your back. That's number one. Who got your back? And like, you know,

as I said, your fiancé is gorgeous. My wife is gorgeous and all that. They're beautiful and they're smart and they're, you know, they like what they do. Whereas some of my friends have wives that are, I'm not sure what gender they are. You know what I mean? I'm going to get killed for this video. But anyway, I just think it's kind of funny. I always say the biggest lie ever told is they'll live happily ever after again, because that never happened. So what do you think is the economic solution though, right? So what can the Federal Reserve do or the U.S. government, how do we stop this? That's what this book is saying. The creature from Jekyll Island. The name of the game is bailout. Their job isn't, you know, inflation

and a secure economy, whatever they say it is. Their job is to protect the rich. So they're going to bail out, you know, so they bailed out the biggest corporations. They're bailing out the shadow banking system right now. You know all this. You know, they're bailing out the commercial paper market right now. The big crash is in the shadow banking system and corporate credit. And those CEOs who are parachuting out right now, they ripped everybody else, borrowing the company's money, like Ford's money. They bought back their shares. They parachute out with stock options and they pay less taxes. They pay capital gains versus ordinary income. You know that? I know that, but we have a zombie company called AT&T, IBM, General Electric. They used to be

AAA, they're BBB now. Our CEOs are criminals, what they've done to our companies. But they're the best and the brightest from our school system. It's those peacetime leaders. They ripped us off. And so is the Fed ripping us off. And so is our government ripping us off. Wall Street, The reason our pensions are broke is because they stuffed our pensions full of these toxic assets. You know, what's the number one export of America? Toxic assets. We ship them all over the world.

Australia's going to die because they bought our CDSs, CLOs, MBSs. They bought all of our toxic assets all over the world simultaneously. And people go, oh, I have a college degree. What's a college degree in? Oh, science. Yeah. One of my favorite things that you've ever said is that the great lie of the Federal Reserve is that it's not a bank, it's not federal, and there's no reserves. It's kind of the triple, the trifecta, if you will, of just the three things that people think it is.

None of those three things are actually true. And the worst is a cartel, like the Medellin cartel, the cocaine dealers. Well, they're not much different. they're highly educated people like my poor dad phds or helpless and desperate and they'll do anything for that paycheck and that's what's running our country our world and all this it's just tragic and it all starts with the education system what does school teach you about money so the school system is part of grudge gross universal cash i spoke about mincer fuller that's why there's no financial education and that's the problem and that's what rickards

are saying in this book, The Road to Ruin. He talks about, don't let a good crisis go to waste because that's when the fascists stepped in and the fascists say, oh, we have this thing called the coronavirus. You must have social distancing. You must wear a mask. You know, you can't touch, you can't, I don't know what you can do. You know, I just love Trump. He gets up there and he goes, yeah, you should wear a mask, but I'm not going to. I like that guy. You know what I mean? Screw you. I just had Tim Kennedy, who's a ranger qualified special forces sniper, come on the podcast. And one of the things that he talked about was this whole idea of, there's a number of states now that are saying, Robert, if you're from New York, you can't come to Rhode Island.

And if you come to Rhode Island, we're going to pull you over. And if a neighbor knows that you came from New York, we're going to come to your house and question you and all this stuff. And Tim put it great. He goes, you know what they should do? If you're from New York, they should take the New York Yankee sign and they should stitch it into your shirt. Actually, don't even use a New York Yankees sign, why don't we just start with a star, right? And you very quickly can see where are we going? What is happening here? And to your point, when people are suffering and people are desperate, they'll take any violation of their rights, their civil liberties, et cetera, in exchange for that economic kind of safety net, which is what we're seeing occur

right now. Well, that's what my original always says, you know, there's two kinds of people in the world, WIMPs and PIMPs. A WIMP stands for where is my paycheck, sir? And a PIMP is put it in my pocket sugar. So, you know, like my, some of my friends is, you know, I'm going to get a huge check because I have employees. They're going to give me a huge check. Are you going to take the money? I said, of course. What are you going to do with it? Buy more gold, silver, and Bitcoin. I don't need the money, but I'm going to take it anyway. Yes, but that's not fair. I said, well, it's fair to me.

You know what I mean? I can't change the government, but I can change me. I can protect my team. I can protect my employees. My employees are flush. They have very high-paying jobs. I show them my cash status. They know we can pay them.

So when the government offered, I don't know, $350 billion or whatever they did the other day, I took it. I just had my CFO fill out the forms. We're going to take the money. I'm just going to reinvest it. I'm not going to be watching my tweets. That's all I say. Take the money by gold, silver, and Bitcoin. Don't be stupid right now.

Yeah, so let's switch to the individual, right? You've got millions and millions of people in the United States, and they're now saying, OK, here's where we are. I wasn't paying attention. I didn't heed the warnings. I'm now sitting facing what is at a minimum a financial crisis, if not a depression. I most likely still have a job, but that is in question moving forward. What do I do?

And I think that's the number one question people want to hear from you is just, what do you do if you're an individual today in order to weather the storm and also put yourself in a better position for that financial freedom in the future, given the macro environment we're in? Well, I think people should, you know, watch your last videos with Raoul Pal and who was the woman again? She was fantastic. She's been long.

Oh, she's fantastic. I love smart, beautiful women, you know what I mean, and I just love them. I like pretty stupid women too, but I still like, you know, smart women too. In other words, the best teachers are on YouTube. Wake up. They're not in colleges anymore. The university system is corrupt. sold out. They're taking all of the student loan money, ripping off our country, ripping off the

kids and all this stuff. And they're not teaching them anything that's useful. You know, most of these college kids coming out, I can't hire them. In fact, it's almost a detriment to say you have a college degree around my company. Do you know what I mean? Because what do you know? Well, I have a bachelor of science degree. I go, that's time for BS. That's like PhD is poor, helpless and desperate. I can't hire these guys. You know what I'm talking about? Yeah. You know what I'm talking about? They're a bunch of wimps. Where's my paycheck? I want my benefits. Are you going to protect me? I said, no, I don't think so. I think we're on the wrong team here. So when you look out and you say, okay, these people got to get educated. So

step one, get on YouTube, get on these platforms, learn from those who are creating all this content. That's kind of step one. Step two, then, is you've always said for a while now, real estate, gold, silver, et cetera, what I'll consider kind of traditional inflation hedge type assets. What's your view on those assets right now? So forget Bitcoin for a second, just kind of the more traditional real estate, gold, and silver. Well, first of all, real estate, gold, let me go this way. It's real estate, gold, silver, and Bitcoin. The reason is you're off the central banking system or outside the system. You say it's the separation of money and government. And that's why I say gold and silver are God's money, and Bitcoin is open source

people's money. I don't know much beyond that, but I'd rather have that than the dollar. I don't have to mess around with the dollar, because they're correct. But most important, this is your greatest asset, your brain, or it's your greatest liability. And if you're in trouble today then a liability is between your left cheek and your right ear because you you actually drank some kool-aid along the way you know you thought you were doing the right thing like go to school get a job pay taxes work hard save money get out of debt i don't do any of that stuff you know the reason i like real estate is for two reasons debt and taxes my bank will give me all the money I want to buy good real estate. And with this crash coming up again, there's going

to be a lot of good real estate coming up. It's not going to be commercial, but it's going to be a lot of good real estate coming up. And I pay less taxes. If I have a lot of real estate, I pay no taxes. So it's debt and taxes. That's the main reason. Now, people say, well, aren't you afraid because the markets have crashed? Your tenants aren't going to pay your rent. I said, I understand that but the government will bail me out that's called social you know it's called what do you call uh is that me oh anyway it's it's it's basically bailing out the social i'm sorry i don't know who that is and you know um i'm so and i can talk

okay anyway where was i so you've got to know the game understand the game i'm going to get bailed out no matter what i do and that's why this book here a creature from jackal allen 1990 bailout is the name of the game they'll always bail out the rich and so i get i guess really what is interesting about kind of your view of the world now right is the real estate you're using as an advantage when it comes to the taxes and debt, and you're able to build quite a nice real estate portfolio and build a real nice business there. You've got the financial education component, whether it's the radio show, the books, the board game, et cetera, you've built a great business there. And then what it sounds like you're doing at least is

gold, silver, and Bitcoin as a way to then take portions of your wealth and get out of the system, escape into these non-central bank currencies or stores of value. What changed for you? Because I think early on, Bitcoin, you weren't as excited. And now I think you've said, hey, wait a second, this is outside the system. I actually really like this. Was there one or two conversations or anything that you read or anything that kind of changed your mind and really kind of opened your eyes to it? Yeah, it's called the price went up. Look, I'm going to just say this much, I don't invest in things I don't understand. In my lifetime, I've started a gold mine in China.

Big mistake. They took it. So I understand the CCP, the Chinese Communist Party. I started a silver mine in Argentina. They took that also because the country is going broke. And I've started an oil company. So I've done IPOs. I've done all that stuff.

So I understand gold, silver, oil. So the reason I didn't invest in Bitcoin, there's millions of deal. There's deal flow all the time. I just didn't know what it was. But my friend who's in the Marine Corps with me, I mean, he bought a million Bitcoin. And he was already reckoned rich. Now he looks like God. So I kind of saw the light, you know what I mean?

But I just have a kind of a personal rule. I don't invest unless I understand it, unless I study it. And you can ask my assistant. I don't even know how to use my cell phone. So this is what I say to all the young people. If you're under 50, you should look at Bitcoin because you might be some degree of tech savvy. I have none, okay?

My career in gold and silver started in 1972. I was flying in Vietnam off a carrier. and I'm looking at this chart, I'm looking at the news. Oh, and my rich dad sent me a letter and he says, hey, watch out, Nixon took the dollar off the gold standard. So it's like six months earlier. I said, what does that mean? He says, just watch the price of gold

and the world's going to change. Watch it, watch it, watch it. But that then it took six months for that fricking letter to get to me on this carrier. That's how slow it was. So then my co-pilot and I said, well, let's look for some gold. And so we're looking at the map of Vietnam

I said, okay, there's a, you know, on the map has a pick and a shovel or something, you know, that says AU, gold, gold mine. I said, okay, Marines aren't the brightest guys on Earth. You know, you don't show us pictures. We don't get too much. So we take off and we go, we're flying along. He says, hey, we forgot something. I said, what's that?

The NVA overran the gold mine. I said, you mean the gold mine's at enemy hands? The guy goes, yeah. So we're flying. We look at somebody. I said, what? typical Marines. That's okay. Let's go get it anyway. So we flew behind enemy lines to go look at this gold mine. So we land in this village and the Vietnamese are walking down the road

and we left our guns. We took all our guns off and all this. We parked the helicopter in this rice patio or this platform and we walked through the village. And we're going, hey, how you doing? We're unarmed. We're here. Come in peace. We come with dollars. you know, want to buy some gold. So we go up to this gold vendor at the end of the village, and we're sitting there looking at gold, you know, and I look at him and he goes, how do we know if it's gold? He says, I don't know. I thought you knew what gold looked like. I said, no, I thought you did. No, I thought, so there's typical dumb fucking Marines. We went into an argument because we didn't know what gold looked like,

because up until 1974 it was illegal for Americans to own gold. So, all of a sudden, we're sitting in this village, you know, I hear this, so we thought the NVA was gone, we thought we're either POWs or dead, you know, that moment, because we're now behind about five miles behind enemy lines, and we're running through the village, I remember kicking this duck, you know, I kicked this duck or whatever it was, we get back to my helicopter, the helicopter is sinking, because I parked it on a rice paddy, I tell your Marines aren't the brightest. And my crew chief was a little tiny guy, kind of looked like Woody Allen. He climbs in the pilot seat. My co-pilot and I are in the back on the boom with

this, okay, hit it. So he starts turning the rotor, you know, and this mud is coming up. It's just pounding us in this phase. And we're rocking the damn helicopter, trying to get out of the mud. And finally, it gets in a hover. The two pilots jump in, we switch sides, and we take off. So So I said, you stupid son of a bitch. Well, you're a stupid son of a bitch. We're flying all the way back to the carrier. And we land on the carrier. We step off covered in mud.

And the guy said, where have you guys been? I said, don't ask. That was my first adventure in gold. And I became a gold bug. So we sail into Hong Kong. I went looking for gold. This is 73. It was still illegal for Americans to own gold.

I thought that was really strange. Why is that? Why is that? And so finally, I found a Krugerrand in this little store. I paid 50 bucks for it. I still have that Krugerrand today. It's worth about 1,500 today. So for young guys like you, it's Bitcoin or it's Ethereum or whatever you guys do. For old guys like me, it's gold and silver. And that's the biggest difference of all. So I have millions in gold and silver kept in another country far, far away. In terms of when you think about portfolio construction, et cetera, how do you think about the gold, silver, and Bitcoin bucket compared to the real estate or some of the other investments that you've had? Obviously, understanding you and I have a pretty big

age gap between us, so you're optimizing for something different than people my age are optimizing for. But at the same time, I think a lot of people are saying, well, how do you think, you know, Robert, as a professional investor who spent his whole life thinking about this, how do you think about that portfolio construction given the macro environment we're in today? I don't really think that much about it. I think our needs are the same. We need to have sound money. And if it's Bitcoin, it's sound. If it's gold and silver, for God's money. Bitcoin's people's money, open source. Can't mess with it. But as you know, the powers to be will attempt to mess with it. They'll try and hack you and all this stuff.

That's real life. So the reason I do everything, I have good attorneys and accountants. My goal is far, far away outside this country, because if they try and confiscate it again, I'm gone. So I just learned not to trust my own country. I hate to say that, I fought for my country. I fought for my country twice. You know, I served. I still serve in many ways, but I don't trust them. If you trust them, save the dollar.

You know, trust in the stock market. Trust that CEO who's borrowing corporate money, taking the corporation like GE from AAA to BBB, buying shares, boosting their share price, exiting with stock options, paying capital gains tax versus ordinary income tax. The average person has no idea what I just said. What I'm saying is that you just got ripped off. They just ripped you off.

Then our pensions by General Electric shares put it in the pensions. And if they raise interest rates, General Electric goes to jump. It's a whole different world out there. But the average person has no idea what I just said. You understand me, but the average guy doesn't. What you just described, too, is a very circular problem, right? In the sense of a lot of those stock buybacks were fueled by debt, that debt was issued to the pension funds, and therefore, the stock price was propped up by the corporation being the buyer of last resort, right? They were

the major buyer of the stock. And so all of a sudden, the second that you get companies that now are saying, wait a minute, we're not going to do stock buybacks. We're not going to issue the debt. And you get into this weird situation where what happens to the share price? Well, if that buyer of last resort's gone, that's not good. That's probably going to fall. And then you look over at the pension side and you say, well, who's holding all of that corporate debt that looked really good two years ago, four years ago. Now, all of a sudden, I don't know if you want to hold that. A lot of it is the pensions. And so you almost get people hit twice, right? They're getting hit in their pensions, but they're also then getting hit with all the stimulus and the

quantitative easing, which just puts them in a really, really bad situation. Well, as you've talked about it, the corporate credit market is a commercial paper market or the shadow banking market. So the average mom and pop is watching the stock market, but the theft or the cash heist, the gross universal cash heist is taking place in the shadow banking system. And that's where all the bailouts are going. The reason I think it's pretty fishy, and I know the coronavirus is real, but you and I knew in September of 2019 that the shadow banking system was bust. People were not showing up to buy them. They weren't showing up to buy commercial papers.

You know, we floated this, not me, but my friend's company floated AAA real estate. Nobody showed up to pick up the bond. There was nobody buying this stuff. That's why I'm saying Bob Iger of Disney is now parachuting out. Steve Burke of NBCUniversal parachuting out. Let me tell you something. There's a reason they're going airborne. I think it's funny, but it's sad.

is tragic. Yeah. I've been explaining to people in June of last year, May and June of last year, I started to write a lot about the warning signs. And people literally were writing me saying, you're an idiot. Shut up. What do you know? All this stuff. And the warning signs at first were very easy, right? They were just, hey, stocks are overvalued, you know, severely. Where's all this debt going? We're probably gonna have to drop interest rates at some point. The economy's addicted to stimulus, right? I mean, very simple kind of structural things. But as you went through 2019, then it became, wait a minute, what's going on in the repo markets? Why does that seem like every day they're having to float more and more and more liquidity into the market to make sure

that it doesn't seize up? Why are our CEO departures at all time highs, right? Why is Warren Buffett have $1,220 billion sitting on his balance sheet, right? I mean, you just could see all of these little data points that suggested nobody knows when it happens, but we're close, right? And then all of a sudden you get an accelerant like the coronavirus, where to me, I still, it blows my mind that people are talking about an economic recovery when they're doing it from their home, right? They're literally mandated by the government to be locked in their home, and they're talking about, oh, we're going to have a quick recovery from this. It just seems delusional. It's martial law. The freedom of assembly, the right to assemble, they just took

that away from us. Just like being PC is the freedom of speech. You know what I mean? They're taken away one by one. And again, let me pop my friend's book here, Road to Ruin. He talks about, he says, that's the fascist state. They're going to tell you what to do. So if you don't wear that mask, you will be fine. If you don't have social distancing, you'll be fine. I go get a haircut, you will be fine but they're bankrupting the whole freaking world right now this is worldwide for what reason and again that's why i read this book here in 83 grunge of giants they can take over our lives via the money and that's what griffin was saying here and the creature from jackal island the name of the game is bailout is to bail out the federal reserve bank that's why

Back in the 80s, there was Silverado Savings and Loan got bailed out, $50 billion or something like that. Who ran it? Bush. The same people. Neil Bush of George Bush fame. Those guys are some of the biggest elites, as Rickards would call them. They're the elites. And they think they're better than us because they went to the best schools and all this.

and part of yeah and part of this i think too that uh especially in the western world right we get caught up in what's the federal reserve doing or what's the united states doing but this is happening all around the world central banks around the world are injecting liquidity through monetary stimulus and i think part of what gets me excited from the bitcoin standpoint is something like bitcoin is 24 7 and global so if you're in everywhere from india to an african country to Australia, Asia, wherever, if your central bank is devaluing their currency, you either want dollars or you want something like Bitcoin. Once you realize what your central bank's doing, it's the same thing with the US central bank is doing, then you want the gold, silver, Bitcoin,

et cetera, of the world. And I think that you end up seeing incredible capital flows to those assets as more and more people wake up to what's happening. Well, I think so. The biggest thing is that, I don't trust my government. And what do you do if you don't trust your government? You can turn into what Nazim Taleb calls fragile. And these kids coming out of school, they're so fragile, I can't believe it. I mean, I say something, I hurt their feelings. I'm a trigger event. The only trigger event I know was on my rifle. So I have an attitude problem. I just I just can't take it. You know, if I hurt your feelings, oh my God, you know, what's the real world doing to you? And the other thing too is, what the hell's wrong with us? What the hell,

what has happened to our spirit? And that's what this book is saying, is to break the American spirit, they had to make us poor and weak. And then socialism, which is AOC and Elizabeth Warren and Bernie come in, and then communism can take it. You can see it right now. Boeing is going to have to give up its, sell some of that to the Federal Reserve Bank. You can see it. It's centralized government. You can see it. How long does it take for this to play out, right? So we go from capitalism to socialism to communism. Is that a 10-year exercise? Is that 50 years? What do you think? It's here today. That's why I'm saying the best book was Anne Rand in the 50s. the capitalists go into hiding so it's no different than my crew and i strapped in you know

and my flight of three the gunships take off we were tight you know you know i'm talking about there is no better feeling than walking into combat with people with men and women now with you guys we didn't have women but men and women you trusted with all your heart and soul people give their lives for you that's what my best friend said to me you know he says i'm alive today because dead men kept fighting. He says, I saw guys who had just shot the shit, and they just kept fighting so he could escape. And I come back to the States, and I get spit on at Norton Air Force Base. And today, most of those guys that were spitting on me became college professors or Democrats. It's a free country, and you can do what you want to do. I'm not Republican

or Democrat. Trump is my friend. But it's a freedom of choice. I'd rather be just liberal. I'm in between there. I'm in libertarian or whatever you want to call it. I just don't really want to get involved in it. So I just want to go into hiding with my friends and I. But with the Rich Dad Advisor books, you know, on taxes, real estate and all this, educate yourself. School teachers are lying to us. listen you you've been more right than wrong and on that one i don't think you're wrong at all because at the end of the day the system i say it over and over to people the system is dependent on the majority of the population not understanding how money works which is super super frustrating but that is the model yep yep yep yep and um you know this is a free country you want to be a socialist, communist, atheist, knock yourself up, but don't impose it upon me. That's all I'm asking. You know, if I want to hang out with my friends who are rich, good. You know, people say

the love of money is the root of all evil. That's not true. It's what do you do for your money that's evil. You know, if you're selling drugs, that's evil. But if you're in the Fed and ripping people off, that's evil too. If you're a school system and you're putting kids billions of dollars in student loan debt, 1.7 trillion dollars in student loan debt. Every school teacher is complicit. You know, you're part of the problem. But I don't see it that way. And all those guys stealing the pensions, you're part of the problem. You're complicit. Here's what a stat that you'll love. Small businesses in America in the stimulus package got 350 billion dollars, right? There's $1.7 trillion of student debt. So almost five times as much student debt as we just gave to

small businesses after the government mandated they shut down. The numbers are stupid, right? I said to somebody the other day, when you start talking in trillions, you can't even write the number. Most people couldn't write a trillion if you asked them to write it down on a piece of paper. It's just such a big number. I am older than you, so I've seen it coming for a lot longer. Like I said, it started in Vietnam when I'm standing in front of this gold vendor's window behind enemy lines, and I don't even know what gold is. You know, like I said, Marines aren't the brightest guys on Earth, but we learn quickly. So I came back, and I said, I don't trust my government. You know, I don't trust them.

They lied to us. You know, this guy McNamara, who was Secretary of Defense, he became chairman of the World Bank after that. Oh, that's surprising. oh my god that's this book here grudge yeah we were fighting for the military industrial complex and today one of the reasons there's vaccines coming out is big pharma gets rich off of it so they're going to make it mandatory that we take this coronavirus which means they get very rich yeah and if you don't take the virus if you don't take the vaccine you don't get your driver's license. Yeah, I've realized the more and more, right? So I spent six and a half years in the

army and met all kinds of great people and obviously had the pleasure of going overseas with a couple of them, et cetera. And as I've come back, what I have realized is people that were in the military had a crash course in geopolitics. So they got to see how other people live in the world. They got to see the good and the bad, right? And when you're walking through a country that has suffered from socialism or communism, and you understand how did they get to this point? How did they devolve to where they are when I'm walking through it right now? And you realize a lot of those things are happening right now in the United States. And I think that's where people have to say, I don't understand this, let me go educate myself.

Because a lot of those veterans have spent time in the countries that we, you know, it's easy to write off Venezuela or Zimbabwe, because we say, oh, that's a third world country. The playbook's the same thing. There's no difference between what happened there and what's starting to happen here. It just happens that we're better at marketing to some degree. Just remember, I love this book, The Creature. We had to bust the American spirit. And the way you bust the American spirit is because I'm so poor, they'll take the stimulus check. now I put in my tweet I'm taking it too but I'm going to reinvest it I'm not going to spend it you know I mean I'll get richer you know what the heck I have other friends say would you take that

check I go of course they go I'm not I said well give me yours I don't know people get so righteous about this stuff I go look it's not money that's corrupt it's what you do for money that may be corrupt. If you're sitting in a job you hate, that's corruption. That's anti-spiritual. That's fragile. Do you know what I mean? I've got a number of friends, I don't know where this started, but one of the things that they love to say to each other is, it's your duty to get rich, because rich means that you solve your financial problems, so you can provide safety and protection for those you love, right? And if you look at it from that standpoint, the only way to actually be successful when it comes to money and financial markets is to be educated and i think that's kind

of you know something you spent the last 25 plus years doing um and hopefully more people start listening it's not in school that's the problem and the newest thing about health wealth and happiness the saddest thing is this is my health care cost a fortune you know why because insurance won't cover it. So I go to my private health care provider or doctor. I get the best health care in the world. Some of the stuff they put in me is like $5,000 a pop. And insurance won't cover it. But you look at big pharma, they're pumping out vaccines. Why do they pump out vaccines? Because they're cheap and you don't have to test them. And you can mandate the government to pump them into us.

And I suspect that's what they're going to do with coronavirus, you know, two or three years. So now they're going to say, everybody must take a shot of coronavirus vaccine. That's big pharma getting rich. They look at the food industry, they're pumping us full of fructose and all that other sugars and all this stuff,

you know, little Cheerios on Cocoa Puffs and all this stuff. They're killing us and they're making fortunes. Then the CEOs rip us off. Oh my God. I mean, what else? You know, oh my God, what are we doing so that's why i keep saying the best teachers are on youtube you know go

listen to them even if you disagree with them listen to what they say that's all i'm saying open your mind up you know because if you're standing in front of a mirror right now and you're afraid of not having enough money and you're thinking about taking that check you did something wrong you got you know the problems between your ears I love it. You're on top of it, my friend. Where can people go find the book, the board game, and everything that you've got available for them to get educated?

Well, the good news is, you know, Rich Dad's been doing this for 25 years, so I'm making fortunes. The bad news is we're sold out. So, I mean, it's a good problem, but we have, you know, our whole purpose was this, was power to the people. The same as Bitcoin, it's, you know, people's money. A cash flow boycott was designed for people to teach people and bypass the system.

And then we've had thousands and thousands and thousands of these cash flow clubs in different languages, people teaching people. So when they said, what made you shift to Bitcoin? I said, we have the same philosophy, open source, people's money, people's education people teaching people bypassing a corrupt education system that is ripping off the kids at this moment no financial education and then student loan debt so you know what the kids with the least money from the poorest family come out even poorer from school and my friends who have you know they're rich their kids come out ahead of they don't have

student loan debt they're way ahead of the game so we screw the poor and the innocent that's why you and i are on the same team we are on the same team you know so that's what we have to do but we're going to bypass we have to operate outside that system not and not be traitors i obey the law and the best accounts and attorneys and all this stuff you know and i pay as little taxes possible legally. But if you're an employee, you pay the highest taxes. What's wrong with that picture? Buffett says that my secretary pays the highest percentage of taxes than I do. I said, your secretary's got a problem. There's no education. Yeah, it's a pretty crazy world that we're living in. All right, listen, I appreciate you taking the time to do this.

As I said, I'm a huge fan for many, many years now. And I know a lot of people, they got excited when they saw you start tweeting a little bit about Bitcoin. And obviously, you've been at the tip of the spear when it comes to financial education, because I think you somehow, one single Marine has replaced all of the issues in the legacy education system. And you've done a great job. So from all of us, just thank you for doing it. And we'll have to do this again in the future when we get on the other side of this thing. Yeah, thank you. You're not bad for an Army guy.

No, let me finish with one thing. I flew for the Army more than the Marine Corps. Well, I wasn't going to tell you this on tape, but I'll tell you, when I was in Iraq, one time, one time, one single time, a Marine unit called for help, and we showed up. And I've never forgotten that, and I always give every Marine I know a hard time. I say, hey, listen, don't tell me anything about the Marines until you go find those guys who were calling us for help when they needed help.

That's right. that's a band of brothers it's spiritual what people don't realize is how spiritual it is you know the first word the first word at the academy is mission and our our mission is to also serve that's our job and we're just serving right now so thank you for your service absolutely all right robert i appreciate very much we'll we'll talk soon thank you hey everyone pop here if you like this episode of off the chain and want to help us take crypto to the top of the apple spotify and other podcast charts please do us a favor and rate review and subscribe to review simply go to the off the chain homepage scroll down until you see the five blank stars taking

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