Transcription
The end of the American Empire could be 2026. It's cuz we're so deeply in debt. If I spent $1 a minute, how long would it take me to spend a trillion dollars? 32,500 years. And they're printing it every 100 days.
Do you think that the United States could ever go back to the gold standard? No.
Why? It went past the point of no return. It's finished. We're finished.
When 2008 hit, I went to the bank and borrowed 30 million bucks because they were giving real estate away. I was taking down huge apartment houses. I made so much money in that crash. Oh god.
If they raise interest rates to save the dollar, how is the government then going to afford the national debt? You better wake up right now. They can't save it. It's impossible.
If I invested in the stock market, the S&P 500, do what you want to do. This is my prediction. Okay, we're being set up. I can see it coming.
See what coming? They're going to Robert Kiyosaki. The economy is going through some of the biggest shifts that we've seen in the last century. People are concerned about AI taking jobs. People are concerned about the stock market and their 401ks. People are getting more concerned about where the housing market is going to go. They're getting concerned about Bitcoin, even gold. So, I wanted to get your opinion because we talked about 5 years ago. Do you think that the stock market is heading towards a downturn or do you think that the economy is going to boom in the coming years?
Well, I hope I'm wrong, but I wrote a book I think in 2012. It's why the biggest um it's called Rich Dad's Prophecy. And by Rich Dad says the stock market's going to crash big time. Biggest crash in history. So, it hasn't happened yet. And that's my concern is because, you know, for my generation, I'm a boomer. I was born in 1947 and uh my birthday was yesterday. you know, turned 79. And my generation, the boomer generation, is the first generation without a defined benefit pension plan. So that means if they don't have anything by 65, they're in trouble. You know, and if the stock market crashes, then if you get cleaned out, no. Who's going to save you? So that's been my concern.
And then I'm a history buff. So in 1974 I was getting out of the Marine Corps. I flew for the Marine Corps in Vietnam. Two tours. So 1974 I get out. But 1974 was Orisa in America, Employee Retirement Income Security Act, 401k. So that was 1974. 1974 the dollar became the petro dollar. Today we have war and hormuz you know and you look at all of these I'm not really religious but signs from God saying hey pay attention because everything is changing at such high rates of speed and my message is well we know is that it doesn't make a difference what happens but if your financial education is solid you'll still get rich like right now the price of oil is going through the roof I'm getting richer. Unfortunately, most people are getting poorer.
How are you getting richer? Because of high oil prices.
I own oil wells.
So, you I don't own an oil stock. I own oil wells.
What's the difference between an oil stock and an oil well? I own the production.
But if I buy stock and oil company, well, the stock has to go up and down. I get paid for every balon, every gallon or barrel pumped. So the price of oil goes up, I get richer. Of course, I want to let you know that I did go to school for oil. So I am an oil man. I drove oil tankers which are sitting in Hormuz right now for a company called Standard Oil. And back, you know, today I think it's called Exxon or something. So I do understand oil and that's what I went to school for. So somebody says what did you study in school? You know liberal arts. I said no oil. And my degree is in naval architecture oil tankers. So I really do know oil. And so I could see all of this strife coming with u you know oil and all that. So, I just bought another I think 20 oil wells. So, they just keep pumping oil. I get paid to pay no tax.
How much does a oil well cost? Well, it depends on the There's a lot to it. You know, I make it sound simple, but I have a whole team of people that do that, but I don't own oil stocks. Would you recommend somebody to get more involved in the oil stock market?
I don't make re recommendations. The whole thing, the reason I love what you do is we're in the same business. It was education. Don't invest in oil unless you want to study oil. Like I have I have a really good friend, you know, he's a multi- multi-millionaire. And I said, "How'd you get so rich?" He says, "Eggs." And what happened for him because we're about the same age when he was a kid, I think his grandmother bought him some chickens and the chickens laid eggs and he goes, "That's interesting." So he used to, you know, collect the eggs and he'd go around the neighborhood selling his eggs. So there's oil flow, cash flow, egg flow. So today, that guy just kept reinvesting his eggs and he thinks I think he sells 1.8 eight million eggs a day or something.
Wow. He has whole chicken coops. So, you're gonna say, "Yeah, I just start a chicken coupe." But this guy just kept reinvesting his eggs. It's capitalism. It's not rocket science. So, everybody can raise a chicken.
Invest in what you know. But I No, you got to study what you want to be good at. Study is more proactive and knowing assumes you know. And I think now a lot of people like you mentioned are getting to this conclusion that my job is not going to be enough. I'm earning a salary and I need to invest my money. And so what happens is your employer gives you a 401k and they say this is your now retirement plan because like you mentioned there used to be a pension but they're a thing of the past.
Yeah. And so now it's this 401k which is money invested into the stock market.
1974 again. Yeah, employee retirement income security act 401ks, IRA.
And so now people are relying on their 401k and IRA to retire.
They're counting on it. They're counting on it. And a lot of people are getting more and more anxious about the stock market, partially due to oil prices, partially due to AI, partially due to concerns about the economy and the debt.
And the national debt, global debt. Why are you not a fan of the 401k?
I have no control over it. I would not I would never touch I'm not saying you guys shouldn't. No, don't get me wrong. But I would rather raise chickens and produce eggs than have a 401k.
Why? Cuz I can control the egg flow.
But if I invested in the stock market, the S&P 500, do what you want to do. This is my prediction. Okay, it's not a good prediction. I hope I'm wrong. Somebody is setting up my generation, the boomer generation. What they're going to do is that boomers are been saving all this money since 74, 1974. 1970 was also the petro dollar, which we have a we have a war in a place called Iran today. We're being set up. It's I can see it coming. It's happened before in history.
We see what coming. They're going to yank the stock market and they're going to crash the stock market. My generation is going to be homeless. It was predicted for years. Back in 1779 or something, a guy named Thomas Jefferson said, "If you allow a central bank to take over our monetaries, our money supply, the Fed, basically, your children will wind up homeless in the land your fathers fought for. It's history. Study effing history. 1974 was the petro dollar. We're at war in hormones right now. I'm getting richer. 1974 was your Russa employee income security 401k. We're being set up.
What is the petro dollar? Because I think a lot of people have heard that backed by backed by oil. 1971 Nixon took the dollar off the gold standard and the dollar became debt. So when Nixon took the dollar off the gold check your history books everybody should know that stuff. They took dollar off and they could print money as much as they liked. So today America is 39 trillion in debt because of what Nixon did in 1971. They should study that in school. So they printing, printing, printing, printing. What goes up is the price of eggs go up and the price of oil goes up. It's just common sense. You don't have to go to school to understand that. So that's what's that's what disturbs me as our education system's Marxist. It's criminal. But we're in this system now. Money has been being printed and it's been happening since 1971 and it really accelerated since 2020, the pandemic. That's not going to stop. The money printing happens, the value of the dollar goes down. Assets like real estate go up. But now for the person who is thinking about retirement, because today we have the biggest retirement crisis in the history of time, baby boomers are retiring with no money. If what I sense they're going to do is going to be the biggest crisis of our times. I hope I'm wrong. Please hope I'm wrong. But I fought in Vietnam twice. I'm a US Marine gunship pilot. I killed a lot of people. And I never I learned to not trust my government. So I'm fighting in Vietnam. And back then it was a guy named Walter Kronite here at Arizona State University, the Kronite School for Journalism. And we'd be I'd be on a carrier flying into Vietnam. And Walter Kankite would come and that's this is Walter Kankite and that's the CBS evening news. And the pilots would be sitting in the room saying that never happened. What you're saying never happened. So if you read 1984 by a guy named George Orwell, all this stuff's easy easier reading. He says what government does, it takes the truth and puts it out as fake news.
So you think the government's lying to us? Oh god. Gez, wake up. Well, if we have this now baby boomer generation retiring with very little money, let's just assume the stock market doesn't crash. They retire with with 100, 200, 300, $400,000. The average 401k is under uh half a million dollar today.
Not even that much, which is not enough to retire even if it was that much.
Not with inflation and debt. Inflation is going to keep happening. So these people that are now 60, 70 are not going to have enough money to continue living their life. The government if they don't make changes if and so what does that change? The government's then going to print money and bail them out probably.
And if that happens, you wipe out the generation below you, which is then the Gen X and then the millennials and the Gen Z.
But what happens then to our dollar? Because we've talked about how printing money devalues the dollar. There's been concerns about inflation, but I don't think people really understand what it means for the dollar to lose value. What does that mean? And what could that mean if we continue printing money?
I mean, friend of mine, his name is Jim Rickards. Jim Rickards. He says, "You don't need a PhD in economics to know that prices are going up." And the reason it's going up is because you print money. So prices go up because of that. But also again, let me say 1974 was a big year. 74 was a year that came with the petro dollar. So the petro dollar now affects diesel. Diesel is how they got the food from the farm to the supermarkets. So like it or not, so you sit there filling up your tank of gas. You're a soccer mom or dad. and you go to the supermarket and they're hauling that food in from the thing. And not only that, that oil produces fertilizer and the price of fertilizer is going up. So my friend who's selling eggs, he's making a fortune because the price of oil is eggs are going up. And the reason I use eggs as an example is just to be absurd. You don't have to go to Harvard to raise chickens.
It's that simple. You don't need to be smart to be rich.
No. My friend started his his mother and grandmother gives him chickens and he he just never stopped reinvesting it. Now he has acres of chickens and he sells the chicken manure as fertilizer. If we continue seeing inflation, oil prices go up, inflation becomes a bigger problem, the Federal Reserve Bank might be forced to raise interest rates like they did in the 70s and 80s. If they raise interest rates to save the dollar, how is the government then going to afford the national debt? They can't. That's what I'm saying. You better wake up right now. They can't save it. It's impossible. This has happened throughout history. There was a guy there was a guy named Adolf Hitler who came to power after the treaty of Versailles in 1918. That was the end of World War I. And what the what the what France and Germany and uh England did no France and England and America did was we told the Weimar Republic, you had to pay us back the money for World War I. So the Weimar republics started printing dollars. They printed the rice mark and the rich rice mark went up and so that's where they they had pictures of these people driving wheelbarls full of rice mark and the woman went this is all the history books. She went into the store and she came back and they stole her wheelbarrow. They left the rice mark on the ground. That's what's going to happen to the dollar. History repeats.
Well, let's hope you're wrong. Okay, I hope I'm wrong, but doesn't make any difference. I'm still selling oil. My friend's still selling chickens.
Keeping up with the economy is not an easy thing to do. And then when you have all these crazy things happening, it makes it so much more difficult not to get caught up in the political mess. And that's why I created Market Briefs. It is a free newsletter for investors that breaks down what's happening in the economy without all the politics and without all the fluff. It's a quick five-minute read. We break down what's happening in things like the economy, housing market, stock market, crypto market, and global economy into a fun, witty, and easy to read newsletter. It's read by hundreds of thousands of investors every single morning. And as an added bonus when you sign up for market briefs, which is free, you're also going to get my investing master class where I walk you through how get started as an investor and find hidden investment opportunities before they hit the headlines. I'll show you the exact framework that my firm uses to research investment opportunities. So, if you want to get the investing master class and market briefs all for free, all you have to do is sign up and I have the link for you down in the description below. And this is where more people are hoping that technology, artificial intelligence will come in and save the economy. Do you think the AI is going to be good for the economy?
It's going to wipe out millions of jobs. It's going to replace what happened was okay there was this guy named Bill Clinton Tricky Dick Slippery Bill whatever his name was he opened the WTO and all this stuff our jobs were exported to China. So he allowed China to come into the system not that long ago. And then came Tricky Dicky Obama. Whoa. And then Biden. Woo. You know, these bunch of rocket scientists. I mean, bunch of criminals. So they took the jobs to China. AI is going to now take away the doctors, lawyers, school teachers. You look at what's happening right now on these streets here. Is is it is uh that driver that car without a driver in it? Whimo.
Whimo. I mean, if I was an Uber driver, I'd say maybe I'm out of work. But I was talking to this Uber driver yesterday. Poor woman, young woman. She she's going for her third master's degree and she's driving for Uber and Whimo sits next to us. I don't know if she can see it. She's obsolete. She's finished. On top of that, it was Obama. I'm not Republican or Democrat. What Obama did was he brought in the student loan program. So, I'll bet for her being a young woman going for her third master's degree, let's say she has 250,000 in student loan debt. It's the worst type of debt possible. There is no more horrible debt than student loan debt. Like, I borrow to buy a house, the banks are happy. If I screw up, bank just takes the house. But because she's this woman, any student is just a student, what can they do? So they make it so that if you're a student loan person in America, you'll never pay it off. They'll hounds you for the rest of your life. That's where we're hearing two sides. The tech people are saying, "No, AI is going to create more jobs." A lot of others are saying, "What's going to happen to my job? If I lose my job, what is my job going to be? We publish a newsletter every day called Market Briefs where we break down what's happening in the economy. And the two biggest concerns of our readers, which are investors, are number one, the United States entering a recession. And then number two, AI, right? Depression.
Depression because of AI. No, our debt. our debt and oil and inflation. Just look at the facts. Don't worry about AI, sports fans. That's what I'm saying. AI is already going to replace that Uber driver. Whimo has already done that one.
So, if you were 30 years old, 20 years old today, would you do something different with AI knowing what you know today? Depends on the person. I like I I I raise chickens right now. I'm being absurd. But people worry about things that they can't do. We can all raise chickens, you know? I mean, that's how simple it is. If you keep it simple, stupid. Kisss. I like oil. So, I studied oil.
Do you think getting a degree is less valuable today? Depends on the degree. That poor woman with her third master's degree. She is an EMT uh emergency medical technician. She can't find a job. Her third masters in EMT. Oh, and EMT D. She's looking for a job. So, she thinks having a higher degree will get her a job. Well, she's driving her Uber and Whimo sits next to her. She can't even see it. I can see it. And you know, well, I'd buy a Whimo car. How does somebody then today, if I'm 25 years old, build wealth in this economy? Because if the stock market now is of concern due to a big crash, maybe I have a few thousand saved up, maybe $10,000 saved up. What should somebody think about doing or or I I know you understand what you're interested in, what you're learning, but is there an industry that you think is set up to succeed over the next generation?
You know what's going on. What about Bitcoin? I own lots of Bitcoin or gold. I mean, would you recommend I own gold. I own gold. I own gold mines. I've taken two gold mines public. New York Stock Exchange. I'm a capitalist.
Do you think that Bitcoin still has a future despite the Absolutely. And Ethereum, Bitcoin, Ethereum, gold. But I bought it. It was that Your price is made, your profit is made when you buy, not when you sell. So, right now, if Bitcoin goes to a million dollars, I was rich already. I only play I only paid $6,000 a coin. So, I'm going to wait for it to get back to 6,000. No, I already bought that one. I'm buying oil. Now, in the beginning of our podcast, you were talking about how you're not paying taxes because of oil. How do oil and taxes work together?
Because it's called, it's pretty sophisticated question, but they want you to drill for oil. So, they incentivize you by giving you a tax break if you drill for oil. They want me to build apartment houses. So, I get a tax break for apartment houses. So what I do is I let's say I make a million dollars. I borrow 10 million. I put up $10 million apartment house. I just buy one, you know, and I depreciate $10 million of the apartment house. It's appreciation, depreciation, amortization. They teach you that in kindergarten. The three tax breaks are appreciation, depreciation, amortization. That's what my rich dad taught me. And you get that same tax break with pay tax legally because they want me to put up apartment houses. They don't want me to own my own home, but they want me to build apartment houses. They want me to drill for oil. So the government gives me tax breaks for oil. If I have employees, I get tax break for employees. I don't get I don't I don't get a tax break for being an employee. I got taxed.
But do you think that's where maybe the system is broken? If we have all these people set to retire with no money, the government's not making taxes off of people that are using this depreciation tax break with real estate or oil. Should they raise taxes on the financially savvy the investors to then pay for people to retire?
You must be a communist. I'm not shutting you. That's what Gavin Newsome just did in California. He called it a wealth tax. Guess who left? All the billionaires left for Florida. Bezos and all those guys hauled ass out of California just 6 months ago. When you tax the rich, the rich move. We've seen Elon Musk move his facility from California into Texas.
And I think that's where there becomes more of this animosity between the rich and the poor, the halves and the have nots, because the rich say, "I don't want to pay taxes. I'm financially educated. I know how to use the IRS." Now, I'm an attorney, and I've studied the tax law, and the IRS rule book is a rule book, and it tells you what you pay taxes on and what you don't pay taxes on. And the rich, like you've talked about, have the teachers, the accountants, the attorneys to say, attorneys, yeah, here's what you can do to not pay taxes.
Well, from the government that says, "Please do this." It's not a loophole. It's the government saying, "We want you to build apartment houses. We want you to drill for oil. We want you to produce food, so we'll give you tax breaks." It's called capitalism. And now this is where I think there's a lot of need for education because on the other side a number of people are struggling more than really ever and it's going to increase.
The cost of living is going up. The cost to buy a house is going up. Incomes are not keeping up with inflation. And so the solution that many people run to is tax the rich. Take those taxes. give it to everybody else and now we will even the playing field.
It's called Marxism. And you're saying that that that's Marxism. It's it's Marxism. It's communism.
But would it work? No. Rich will run. So then the solution you're saying is they're already please just a few months ago Gavin Newsome imposed a wealth tax and Basil and company hauled ass out of California it cost is costing California so much money now because they took the jobs with them. At which point do you think people will realize that? Because we've seen this story play out many times where uh businesses leave and certain states will be happy. For example, when uh Amazon was looking to build their next facility, New York was in the running and when there was the discussion about taxes, Amazon decided not to open their facility in New York. They decided to move those jobs because they wanted to raise the taxes on them. And so I guess I think the question that I have is will from history is there a point where people flip or does there always going to be this growing divide and when is that breaking point?
There's going to be some trigger event that brings the whole thing down. That's why I wrote a book called Rich Dad's Prophecy. I think it's going to happen in the stock market. And when that happens, but it was designed back in 74, ARSA employee retirement income security act 401k, I think it sets out 74. The same year Kissinger backed the dollar with oil, petro dollar. Now we have a war on hormuz. The stock market is all-time high and baby boomers now are 75 years old. When the S&P crashes, they're homeless. I don't think it's a mistake. I think it's a setup. Really, I was a Marine in Vietnam. I think I told you this before. I watch the news and we be on this carrier. They're called MEUS. uh marine expeditionary unit carrier base. That's what's going on in Hormuz right now. We used to watch Walter Kron a guidances and that's the way it is in America. The CBS nightly news and we on the ship screaming that did not happen. That did not happen. But why would they do that?
Keep people stupid. Do you think that's why they don't teach financial education at school? I ask you that question because that's what you do. That's why you and I are brothers. You know, we will we want to teach, I want to teach. We have compassion for a fellow human being. All a school teacher wants is their retirement.
Really, those are professors. Arizona state legislator, you can this all history all in the records. So Arizona State Legislature called a meeting calling those professors in to find out how they could shut us down, Charlie Kirk and myself, and how they could get away with it. So the day of the hearing for the Arizona State Legislature, guess how many professors they they subpoenaed? 49 of them. Guess how many showed up? How many My poor dad was a PhD from Stanford. I'm smarter than everybody else. I'm above everybody else.
And so this is where the financial education becomes important to understand history. They won't teach that history though. History is what? His story. So you choose the story. Well, I I think you you are right that history uh while it doesn't exactly repeat itself, it does rhyme.
It does rhyme. And uh to study history because we've seen a lot about how the economy can play out throughout history. We've seen uh currencies rise and fall throughout centuries. Uh we've seen markets go up and down. But I think the question then on the average investor's mind is I I feel stuck, right? I mean, yeah, because
but that's why they should tune in to you. Well, I appreciate that because one of the things we were talking about before we started this podcast was uh if somebody is 30 years old and they're not rich, you said that they should question.
Yes. But 30 is so young. I mean, I feel like 30 years old, you're still trying to figure out
I was already rich. What is rich? I didn't have to work anymore. I already had so many I had money coming in. I I I waited till I was 40 to retire, but I could have stopped at 30. Now that concept, what you just said is so uh difficult for the average person to comprehend because now the average person is thinking I'm going to work until I'm 65, 85.
But now it's becoming 75 or even 85 with retirement. When you say if you're not rich by 30, meaning you have the ability to retire, you need to question yourself. I would say that's the vast majority of people.
Yeah, it's a really good checkpoint. You know what I mean? you go. It's like you you're a pilot and you're flying halfway to Hawaii and you go, "Gee, how much gas have I got?" You know, and so 30 is a good checkpoint to say, "How am I doing? Am I flat broke? You know, I got 16,000 kids and you know, whatever you what am I doing with my life?" So that's why I say 30 is a good checkpoint. You go, okay, check in with yourself.
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In psychology, there's a thing called a paradigm matrix. It's an interesting term is that it's like like father like son is a paradigm matrix. So if I live if I grew up in Alabama I'd probably have a southern accent. That make sense to you?
Yeah. That's a paradigm matrix. You become your culture. So in a family if you have poor parents you you have become your parents. You absorb their culture in your head. I was fortunate because I had a rich dad and I had a poor dad and my poor dad was the PhD from Stanford Northwestern and I don't have to worry I have a PhD you know and my rich dad never went to school but he owned tons of real estate I said which one do I want to be like you know so I had what I call an intervention so my poor dad was I was coming out of the Marine Corps they said why don't you fly my poor dad says why don't you fly for the airlines I said, "Dad, I'm tired of flying." "Well, then go back to school, get your PhD, and what will I do with that?" He goes, "I don't know." You know, and my rich dad said to me, he says, I said, "I want to be an entrepreneur." He says, "You have to have the skills of an entrepreneur." Then, just like I had those skills of a pilot, the gunship pilot had to have had to have a skill shooting on top of it. I killed a lot of people, but that's the skill set to stay alive. I also crashed three times. So I had the skill set of crashing. That's what keeps you alive. You have skills. So my rich dad said to me, he says, "You don't have the skills of an entrepreneur because you're like my poor dad." What do you mean? He says, "Well, you can fly, but you're not an entrepreneur." So I said, "What skills does an entrepreneur need?" He says, "Number one, they got to be able to sell. If you can't sell, no, you won't. You'll never be an entrepreneur. Number two, got to be able to raise capital. Number three, handle employees. So I and moan. I said, I don't want to learn how to sell because in my poor dad family, salesmen are scum. Oh, salesman scum. So I I said I said to my rich dad, I said, "But I don't want to learn how to sell because my family because the culture that's the paradigm matrix in poor families, if you're a salesman, you're a scum. You know, you're a crook. You're a shyer." And so I kept saying, "Please, I don't want to learn how to sell." And my rich dad, I was like 28 years old, you know, prime of life, still a marine. And I said to my rich dad, I said, "Please, I don't want to learn how to sell." He says, Rich dad looked at me, he says, "How's your sex life?" I said, "Zero." He says, "Cuz you can't sell." So that inspired me. I said, "Okay." Because you have to learn how to handle rejection. And people hate rejection. So some of my most successful friends are Mormons. You know that they go knocking on doors. Hi, I'm from the Church of Jesus Christ, Latter Day Saints. I went, holy mackerel. But they learned how to handle rejection. And that's why the Mormon church is the richest per capita church in the nation because there are young people. I went on missions, but they had to knock on doors. See, that's skill sets.
So, you have to be able to sell, handle rejection also. Sell, handle rejection and raise capital. raise capital, manage employees, and. Yeah. And raise capital by use debt.
So, how much debt do you have now? Because 1.2 billion.
Wow. Do you get scared when you think about That's what I'm saying. Student loan debt, okay, is the worst possible debt. I can't PK out. I can't bankrupt out of that. If I have 1.2 2 billion in real estate debt. The bank said, "Thank you. Bye by by thank you."
So if things were to go bad, they they'll take it from me. It's the bank's problem. They're happy. No, I have a valuable asset. They have apartment houses. They want it back. They can sell it again.
But no bank want. But you can't sell your job back again if you have a you have a student loan. But with a real estate deal, if if you were to foreclose, the bank doesn't want to foreclose. Come on, give me a break. They want to foreclose. They want it back. They don't want you to make They want it back. They have something they can resell again. They're not worried about it. Everybody else is worried about it. They're not worried about it because they've got the debt to equity ratios in there. But if housing prices fall, apartment prices fall, those are houses, not commercial properties. I don't please please please. I own, you know, I own retirement homes. It's not pretty when you kick old retirees out of their homes. You know what I mean? But you have to choose your real estate carefully. You don't just buy a piece of crap. Banks won't lend you, you know, banks will lend you money, but you don't want to admit you went bankrupt on a duplex, you know, you you want to take the bank with you if you're going to go down. So, when 2008 hit, I went to the bank and borrowed 30 million bucks.
Really? Yeah. Because they were giving real estate away.
Were you buying single family houses? Multi I told you no. Please, please.
No single family. Please. I'm not I'm not small. You think this pink? I was taking down huge apartment houses. The banks love me. I said, "Here, I'm here to save you. I'll buy that thing for pennies on a dollar. I made so much money in that crash." Oh, God. because the banks were grateful they could have somebody step up the plate, take it from them, put tenants back in, make it profitable again. Most people think, "Oh, a single family. I got I got I have I have a I'm renting out my bedroom, but it's a great place to start.
I don't want to talk to you. But if someone's starting off, they're 22 years old, 30 years old, this that's how I started. I took classes on real estate. I had to learn how to buy real estate for zero. It's really easy. It's called deal flow. For every property I bought, I had to look at a hundred deals. The average person won't do that.
That takes a lot of time. Yeah. But every deal I looked at, I analyzed it. I got smarter and smarter and smarter and smarter. It's called deal flow. You'd be surprised. I talked to people about going, "Oh, I don't have time." So, okay. I don't have time. Okay. You're not going to be rich.
You have time for what you prioritize. What are you doing all day long? I'm making money. What are you guys doing? You know, all day long. One of the things that I think earlier on you were uh called out a lot for was saying that your house is a liability.
Your house is not an asset. Yeah. The house is not an asset. And I think that's what you're alluding to here that you're saying that when somebody thinks about buying an asset, their single family house or their duplex or whatever they're buying, this is a liability.
Assets put money in your pocket, right? Okay. So, I got a retirement down the street here. It puts 180,000 a month. I mean, 180,000 a quarter in my pocket. 180,000 bucks is not a lot of money. A lot of them though. And would you work for 180,000 a month, a year, a quarter? Most people don't make that much money, but the apartment house does. I mean, the old age home does. So, I bought this old age home. and put old guys like me in there. They don't move too often. You got to know what you're doing. Like my friend rents chickens. I mean, he he sells chicken eggs. He's an expert at chicken eggs.
So, the asset is something that's cash flowing. Yes. Putting money in your pocket every month. Guess what? Oil. They pump in oil plus tax breaks plus tax breaks. Back in 1956, this is history again. There was a call thing called the Suez incident 1956. It trapped the uh English government and I think was it Eisenhower, one of those guys said to the English, pay off your debt or something like that. That Suez incident killed the British Empire, went down. My concern is you have Suez and you have Hormuz in Iran. I'm afraid it might kill the US empire. It's because we're so deeply in debt. We're 260 trillion in debt. 260 trillion with all the social security, Medicare, pensions, the the the debt debt debt is 39 trillion today, but the long-term offbalance sheet debt is another 100red trillion.
Wow. So, America is the biggest deb nation in history. That's what keeps me up at night and going, "Wow." So if we if we can't pay social security and pensions and all that, then we have anarchy in the streets. That's what concerns me. I'm concerned that our my fellow human beings won't have money. But that's why I suspect what might happen is they're going to crash the stock market and my generation because of the 401ks homeless. Jefferson, Thomas, President Jefferson warned us of this. So as the central bank takes over which is the Fed, the children of the fathers who fought for this country will wind up homeless. Homelessness is exploding right now. That's what concerns me. So how do you help the homeless? I don't know. You know the in New York in New York they're putting them in hotels. So it's a very big problem. this lack of money, but it's more the lack of financial education and our schools are not teaching us that.
Now, when you say that there's this debt that will explode essentially a dollar crisis, dollar collapse, you're not the only one to talk about that. Ray Dalio has also been concerning.
He's a smart boy. Modalio, boy, he's a smart guy. Warning about it because he's kind of laid it out in different phases, right? And one of the last steps in his phases is that the country itself, people start to fight each other and then the country starts to fight another country which then weakens the country. And so once we started to see the conflict in the Middle East, they take you to war when they can't solve the problems here.
But a lot of people say that war is big business, that it can help save the economy. It is. It's the debt. The debt is the concern.
Yeah. How do you pay for all that stuff? Borrowing money.
Yeah. Which we don't have, right? And if we keep borrowing money, more money has to be printed.
We're very close to something tragic is going to happen. It's going to take that one, you know, Deli talks about just that one trigger and it goes off. That's why I'm concerned. That's why what you do is essential. educate, warn people, and I like to scare people so maybe they'll take action. But a lot of people have what I call false gods. Oh, I don't have to worry. I have a master's degree. I don't have to worry. I have a job. I don't have to worry. I have a real estate license. You have no idea how many times I hear stuff like that. I got him. I got it.
Yeah. I can tell you with AI from our company specifically because we changed our entire company once we saw how fast AI was getting smarter in 2025 and we changed how we hire. I mean we don't need entrylevel people. I mean that role has essentially been automated because of AI and we don't need to hire as many people as we would have before because
you're doing the world a favor right now saying what you're saying. People need to hear what you're saying right now. Well, I started talking about AI in 2025 because I couldn't sleep at night.
Yeah, you can see it coming, can't you? I it it no it really scared the crap out of me because I saw our company's going to go bankrupt if we don't make a change. So we went from briefs media to briefs finance. We went from a media company to a financial technology company. We started investing so much money in technology to
and you're making more money now. Right. We are brilliant. That's what that's the way you do it.
Well, but the scary part is thinking a lot of people are not seeing this. Yes, that's the problem. And that's why I I mean in 2025, if you look at my videos about AI, they just like I was just pumping out videos and content about AI because I was going and I still am going through it. And this is one of those things where this is either very scary or a great opportunity depending on which side of this coin that you're on. You say that there's three sides to every coin, heads, tails, and edge. And so I'm looking at this saying we need to use this tool because you know as a media company we're pumping out content. We're publishing our market briefs, newsletter articles on our website. Journalists hated the idea of AI because AI means instead of having a salaried journalist paid to write an article, we can just put in a prompt into an AI and they can put out an article in 15 seconds.
Yeah. So what we did, we were very fortunate that we were able to train our journalists on AI and to learn how do we use AI to now instead of you writing, you know, one article a day, you can now write 50 articles a day or 100 articles a day because now you are employing the AI agents. But I think still today a lot of people are hesitant to believe that AI is actually going to impact their job or impact the economy because
or they don't want to know or we don't want to know because we say AI is still stupid today. And I look at that and I say today is the stupidest AI will ever be. It's only going to get better. And then we want to uh stop it from moving forward. And we've seen that play out in history because if you look at any industrial revolution, whether it was with factories or it was mass manufacturing or it was the internet or Uber taking taxi jobs, there was always some level of unrest. And now with AI, it's happening again. But the difference today to me is it's happening
So fast. And that's what concerns me is five years from today, we're going to see a very different economy. And on one hand, we hear people saying the economy is going to be better, things are going to be cheaper, things are going to be more efficient because of AI. On the other hand, I worry what's going to happen with unemployment, what's going to happen with jobs? Because if more and more companies are saying we don't need as many employees, how are they going to pay their mortgage? How are they going to pay into the 401k? Because the 40 I mean the stock market is ultimately supported by people investing into the 401k, people investing money into the stock market. The more dollars that flow in, the higher the stock market goes.
And so I wonder now when you take a look at all of that, you take a look at the national debt that we have plus all the other debt. We can't raise interest rates the way we did in the 70s and 80s because if we did that would save the dollar but it would crash and bankrupt the government because we don't have enough tax dollars to pay all that interest. And so I really just it's just all this information that I don't know what to do with it.
Well, that's why I say if you're 30 years old and you're not rich, you better do a self-examination because it's in your head that's stopping you. See what you're doing. I'll just I'll give and exactly what you're doing. You can see the future and you invested into the future. That's how people get rich. You have to see the future and you invest into the future. Most people, you know, don't all the future is what they're going to have for lunch. Do you know what I mean?
>> Yeah.
>> That's as far as they can see. So your skill set is you can see the future in technology. But the most important thing is you're already taking action. That's your biggest skill set.
>> And mine could be real estate. Yours is seeing the future and technology. And so I've pressed you on this before and I think that's why you don't say I don't give recommendations because real estate made sense for you. Oil made sense for you. And many people ask for a blueprint. Mr. Kiasaki, just tell me what I should do. I'm 25 years old. Tell me where I should invest my money. And you're saying what's right for you is right for you because of your knowledge,
>> right?
>> You understand oil,
>> right?
>> You understand real estate.
>> And I'm absolutely horrible technology. is it's not my brain doesn't click around it.
>> And to somebody who's 25 today, do what you know,
>> what what you're interested in.
>> What you're interested in really.
>> Yeah.
>> Even if it's
>> you have to have interest because the study look just because you're interested in AI, you still have to do a lot of research.
>> If you don't do that, you're finished anyway. So, you know, I'm not interested in AI. I know it's there and all this, but I hire guys who can do that for me. Otherwise, I can go make my money in oil. Let me give you one more number I think that's interesting for people.
>> So, they're printing a trillion dollars every hundred days. Every hundred, this is US government. Yeah.
>> So, if I spent $1 a minute, how long would it take me to spend a trillion dollars? a long time.
>> 32,500 years.
>> Holy moly.
>> And they're printing it every 100 days. Now, as a smart guy, that's exponential. You know what I mean? That's a lot faster than a chicken can lay an egg.
>> And that's why saving money, working to earn those dollars, and saving that money is losing.
>> Yeah.
>> Because as that money gets printed, the value of the dollar goes down. cost of living goes
>> because they can't get ahead of this debt. You see, if we had no debt, there was maybe a possibility.
>> But if we had no debt, the economy wouldn't be as big as it is today.
>> Correct. That's I'm not arguing there. But it went past the point of no return. I think it's either 32 or 39 trillion dollar in debt with the biggest deter nation in history on balance sheet off balance sheet social security Medicare and hope or retirements are on that list not counted in the debt.
>> Well, do you think there's anything that the United States government could do to prevent this type of collapse?
>> They go to war.
>> How would it prevent a collapse?
>> They don't. They go to war. It distracts you.
>> But money still has to be printed to fun.
>> I know. But we'll print money. We got to fight the war.
>> So
>> it provides jobs.
>> It's historic. It always happens. They go to war. It's sad. I went I went to Vietnam twice. Killed a lot of people. Got lied to. said, "No, I'm not not going to be that silly again."
>> But if that happens, who's going to take the United States's spot?
>> China, the Chinese Huan.
>> It's always happened. It happened the English. That's why I was talking about the Suez incident that 1956 ended the British Empire. Today we have Hormuz, Suez, Hormuz kind of rhymes, you know. 2026 and then when that goes China takes over. So it's the end of the American Empire could I hope hope I'm wrong could be 2026. In fact uh Nostradamus was 1500 predicted 2026. Uh Edgar Casey predicted 1950 1950 predicted 2026.
>> 2026 as the end of the American empire.
>> Both men. Yeah. No. No. Something's going to happen. So this was Nostradamus back in 150 something. I think it was Edgar case another seer. He also a 2026. So we're sitting on it right now. And that's why I said he can look at Suez brought down the British Empire. Will Hormuz bring down the American Empire? I don't know. But we're shaky right now. Really shaky. And that's why the simplest thing you can do is the problem is the dollar. So that's why I say buy real silver. I've been buying silver since it was three bucks. You know, silver uh eagle. I have silver eagles and gold eagles hidden in a vault because the problem is the dollar. The problem is our money. So go back to what I call God's money. Gold and silver. I like Bitcoin and I like Ethereum.
>> Do you think that the United States could ever go back to the gold standard?
>> No.
>> Why?
>> Too much. Finished. We're finished. I I tried to tell you something. It's like I think numbers could be wrong. 39 trillion on balance sheet, 250 trillion off balance sheet. It's not possible. They would have to print. So they couldn't print that much stuff. But as long as it's paper, they can do it. As long as it's fake money, they can do it. They go back to real money. There's not enough gold. They they could do it. But gold would probably go to 100,000 an ounce. You know what I mean? I don't know. I'm just guessing. But the problem is 1971 Nixon took the dollar off the gold standard. We started printing and that's why all the financial planners said buy US bonds because a US bond is debt paid for by the US government. Oh, it's safe as a US bond. Well, that was true back in 1950. may not be true today. Japan is dumping our bonds. China's dumping our bonds.
>> Are you investing internationally in China?
>> Well, I have I have income from the world because I have books all over the world. I wrote one book. It goes to 50 different languages goes out. I have my cash flow game. You know, as we talk right now, cash flow is being being played in the Philippines. I teach all over the world, but my games teach for me because I'm a dedicated teacher, but I make money off of all of it. So, if you have one message then for somebody listening that might be 25 or 55 years old, they hear the concerns about the dollar, they hear the concerns about the economy. What would your last piece of advice to them be?
>> Well, 71 the dollar became fake money. You know, everybody thinks it's real. It's fake. So, 1971 I shifted to gold. So, I'm a rich man because as I was saying to you, the rich can see the future and you invest into the future. So, that's what you're doing with AI. I I'm not able to do that because I'm not an AI guy. But I do know gold and silver and Bitcoin. I know money. So because I know the US dollar is toast, then I'm going to buy gold and silver and Bitcoin. Real money, not fake money. I don't trust bonds. But everybody else does. Okay. Well, you trust them. That's up to you. I could be wrong, but Japan is dumping our bonds right now.
Well, Mr. Robert Kiyosaki, this was a very insightful interview. Learned a lot. If somebody wanted to learn more, follow you, where would you send them?
>> Well, this Rich Dad, but I I created this casual board game. If I could give a plug for that. The reason I created the board games, I learned everything playing Monopoly. You know, four green houses, red hotel. That's all I do today. Four green houses, red hotel. My friend's chicken eggs. you know, he raises chicken eggs. I have oil wells. It's not that hard. But figure out what you're interested in. So, get the cash flow board game. One game you can teach 10 people, 20 people, 30 people. But the reason the cash flow board game works is because your hands are you're learning accounting for your hands, but you're helping other people. The more you help other people, the more it comes back to you. That's the rule of the rule of the universe. As you know, it's universal. Give and you shall receive.
>> Well, I will put a link to that cash flow board game down in the description for anybody who wants that. Thank you again for your time, for the insight, and looking forward to doing this again soon.
>> Well, thank you for being a fellow teacher, my friend.
>> Thank you.
>> These are the most interesting times. There's no answers anymore.
>> There's more questions.
>> Yeah. And just keep learning.
>> Just keep learning. On May 15th, 2026, the Federal Reserve Bank is going to reset. And most people are not going to hear about it until they feel it in their wallet. What's happening on May 15th? The chairman at the Federal Reserve Bank is going to change. And he has a new plan on how to shrink the debt crisis here in the United States. The only problem is you cannot fix the debt problem without causing