GET OUT OF THE MARKET! YOU'RE BEING PLAYED!! Rich Dad Poor Dad Author Robert Kiyosaki and Bitcoin
Summary
TLDRIn this video, the host discusses the current state of cryptocurrency and financial markets, expressing concern over the sideways trading pattern. They highlight an interview with Robert Kiyosaki, author of 'Rich Dad Poor Dad', who warns about the Federal Reserve's influence and the devaluation of fiat currency. Kiyosaki advocates for investing in cryptocurrencies and precious metals as a hedge against the impending economic crisis. The host emphasizes the importance of understanding financial education and the need to transition from traditional investments to digital assets like Bitcoin, as they may offer more stability and opportunity in the evolving information age.
Takeaways
- 😌 The cryptocurrency market is experiencing a sideways movement with not much significant activity, causing a sense of unease as it suggests something might be brewing in the background.
- 📚 Robert Kiyosaki, author of 'Rich Dad Poor Dad', emphasizes the importance of financial education and understanding the difference between knowing and truly understanding the financial systems.
- 💡 Kiyosaki suggests that the current financial system, including the Federal Reserve, is flawed and likens it to The Wizard of Oz, where the public is kept in the dark about its true workings.
- 💸 He warns that quantitative easing and the printing of trillions of dollars could lead to detrimental effects globally, hinting at a potential economic collapse.
- 🏫 The education system has been criticized for not teaching financial literacy, which has left many unprepared for the complexities of modern finance.
- 📉 The speaker predicts a downturn in the economy, suggesting that the current stimulus packages and the devaluation of the dollar will negatively impact savings, pensions, and businesses.
- 💼 Kiyosaki argues that the rich create their own wealth and are better equipped to handle economic downturns, unlike those who are taught to work for money.
- 🔑 The interview highlights the importance of transitioning from traditional financial systems to digital assets like cryptocurrencies, which offer more transparency and efficiency.
- 🌐 The digitalization of the economy is an ongoing trend, and cryptocurrencies are positioned to be a part of this shift towards a more global and interconnected financial system.
- 🚨 A call to action is made for individuals to educate themselves about the financial systems and to consider diversifying into assets like gold, silver, and cryptocurrencies to protect their wealth.
Q & A
What is the general sentiment of the cryptocurrency market on the day the video was recorded?
-The general sentiment of the cryptocurrency market on the day the video was recorded is described as sideways, with not much significant movement, which made the speaker a bit nervous due to the potential of something brewing in the background.
Why did the speaker mention Nance coin in the video?
-The speaker mentioned Nance coin because it was one of the few cryptocurrencies that was showing an increase in value, likely due to an announcement about the introduction of futures and options.
Who is Robert Kiyosaki and what is his significance in the video?
-Robert Kiyosaki is the creator of the 'Rich Dad Poor Dad' series of books and is known for his online empire in financial education. His interview is highlighted in the video as it discusses significant financial concepts and the potential shift towards cryptocurrencies and digital assets.
What is the main message of Robert Kiyosaki's interview that the speaker found impactful?
-The main message of Robert Kiyosaki's interview is a warning about the current financial system, suggesting that there is a need to transition from traditional investments to cryptocurrencies, digital assets, and Bitcoin due to the devaluation of fiat currency.
What historical event is referenced in the video regarding the manipulation of the financial system?
-The video references the formation of the general education board in 1904 by wealthy individuals like Rockefeller and JP Morgan, which led to the exclusion of financial education from the curriculum, allowing them to control the financial system.
What is the speaker's view on the current economic situation and the role of the Federal Reserve?
-The speaker views the current economic situation as dire, with the Federal Reserve being likened to a scam that is leading to the devaluation of the dollar, hyperinflation, and an eventual economic collapse.
What is the speaker's opinion on the recent stimulus packages?
-The speaker believes that the recent stimulus packages, which involve printing large amounts of money, are devaluing the dollar, wiping out savings and pensions, and ultimately hurting the economy.
What does the speaker suggest is the best course of action for individuals given the current financial climate?
-The speaker suggests that individuals should move away from traditional investments and fiat currency and instead invest in cryptocurrencies and digital assets, which are seen as more stable and less susceptible to the devaluation of fiat currency.
What is the speaker's perspective on the role of education in financial literacy?
-The speaker criticizes the current education system for not teaching financial literacy, which he believes is crucial for individuals to understand and navigate the financial system effectively.
How does the speaker describe the current situation for small business owners and workers?
-The speaker describes the current situation for small business owners and workers as grim, with many facing layoffs, business closures, and financial instability due to the economic policies and the handling of the COVID-19 crisis.
Outlines
😟 Sideways Crypto Market and Financial Education
The speaker begins by discussing the current state of the cryptocurrency market, noting a lack of significant movement and expressing a sense of unease due to the market's inactivity. They highlight Bitcoin's minimal gain and mention other cryptocurrencies like Tether and Litecoin, with a special note on Nance coin's rise due to upcoming futures and options. The speaker then shifts focus to an interview with Robert Kiyosaki, author of 'Rich Dad Poor Dad,' emphasizing the importance of financial education and understanding the underlying mechanisms of investments like cryptocurrencies. Kiyosaki's interview is used to underscore the idea that traditional financial systems, like the Federal Reserve, may not be as reliable as they seem, and that individuals need to take control of their financial education to navigate the complexities of modern investing.
📚 The Impact of Financial Miseducation and Economic Policies
This paragraph delves into the historical context of financial miseducation, tracing back to the formation of the general education board by wealthy individuals like Rockefeller and JP Morgan in 1904. The speaker argues that financial literacy was intentionally removed from educational curricula to maintain control over the masses. The conversation then pivots to the current economic situation, discussing the devaluation effects of stimulus packages on the dollar, pensions, savings, and businesses. The speaker criticizes the system that rewards the rich with bailouts while enforcing 'rugged individualism' on the poor, highlighting the digitalization of the economy and the need for more transparent and efficient financial systems.
💵 Dissecting the National Debt and Economic Indicators
The speaker provides an in-depth analysis of the U.S. national debt and its implications on the economy. They explain various economic indicators such as nominal GDP, real GDP, GDP growth rate, GDP per capita, and the debt to GDP ratio. The paragraph emphasizes the significance of the debt to GDP ratio, which indicates a country's ability to repay its debt. The U.S. debt is compared to historical data, showing an alarming increase. The speaker also discusses who owns the debt, revealing that a portion is owned by foreign investors, which could potentially lead to economic instability if these investors were to call in their loans.
📉 Historical Parallels and the New Deal's Economic Impact
The speaker draws parallels between the current economic situation and historical events, specifically the Great Depression and FDR's New Deal. They summarize key components of the New Deal, such as the Emergency Banking Act, government spending cuts, and the legalization of alcohol sales to generate revenue. The speaker speculates on potential modern equivalents to these policies, like the legalization of marijuana for tax revenue and infrastructure projects. They also discuss the abandonment of the gold standard and the potential for a digital dollar, suggesting that history may be repeating itself in the government's response to economic crises.
🚨 Warning of an Imminent Financial Crisis and the Role of Cryptocurrencies
The speaker warns of an impending financial crisis, arguing that the stock market and shadow banking system are unstable. They criticize financial news outlets for promoting market stability despite underlying issues. The speaker recounts their own financial strategies, emphasizing the importance of understanding financial mechanisms and protecting oneself through entities like LLCs and corporations. They express a lack of trust in the U.S. dollar and fiat currency, suggesting that cryptocurrencies and real assets are safer investments in the current climate.
🛑 Decision to Avoid Traditional Markets in Favor of Cryptocurrencies
The speaker shares their decision to avoid investing in traditional markets, expressing a preference for cryptocurrencies and real assets. They discuss the changing perception of risk, where once-considered risky investments like cryptocurrencies are now seen as safer compared to stocks. The speaker highlights advice from financial experts like Robert Kiyosaki, who advocates for gold, silver, and Bitcoin as hedges against economic instability. They also mention the difficulty in acquiring physical gold and silver due to hoarding by the wealthy, further supporting their decision to invest in cryptocurrencies.
🤔 Strategies for Navigating the Economic Future
The speaker concludes by reflecting on strategies for navigating the uncertain economic future. They discuss the importance of serving others and sharing knowledge, aligning with the principles outlined in Robert Kiyosaki's teachings. The speaker encourages viewers to consider their own paths, whether they identify as 'whips' or 'pimps' in the economic landscape. They also ask viewers to like, subscribe, and share the video to spread awareness and help others avoid potential financial pitfalls, emphasizing the importance of making informed decisions in the face of economic challenges.
Mindmap
Keywords
💡Cryptocurrency
💡Sideways Trading
💡Robert Kiyosaki
💡Quantitative Easing
💡Federal Reserve
💡Hyperinflation
💡Stimulus Package
💡Debt to GDP Ratio
💡Digital Assets
💡Financial Education
💡Economic Reset
Highlights
Cryptocurrency market is experiencing a sideways trading day with Bitcoin at 0.03% gain and Tether stable.
Nance coin is up likely due to the announcement of futures and options, indicating positive market response to such developments.
A sense of unease during sideways market movements as it may suggest something significant brewing in the background.
Interview with Robert Kiyosaki, author of 'Rich Dad Poor Dad', discussing the path to investing in cryptocurrencies and digital assets.
Kiyosaki emphasizes the importance of understanding the underlying mechanisms of financial systems rather than just knowing facts.
Critique of the Federal Reserve as a non-transparent entity created by a group of men in 1910, often revered without understanding.
Discussion on the impact of quantitative easing and the printing of six trillion dollars, potentially leading to detrimental global economic effects.
The transformation from the Industrial Age to the Information Age and the importance of financial education in this transition.
Critique of traditional education for failing to teach financial literacy, leading to a populace unaware of financial mechanisms.
Analysis of stimulus packages and their devaluation effects on the dollar, pensions, savings, and the wiping out of businesses.
Kiyosaki's view on the digitalization of the economy and the need for a more efficient and transparent financial system.
Concerns about the potential collapse or devaluation of fiat currency and the move towards digital assets as a hedge.
The role of the Federal Reserve in the 2008 financial crisis and the subsequent bailouts, highlighting a system that benefits the rich.
Discussion on the national debt, its growth, and the potential for an economic collapse due to unsustainable debt levels.
Comparison of the current economic situation with historical events, such as the aftermath of World War II and the New Deal.
Predictions of an upcoming financial crash due to the underlying issues in the financial markets and the shadow banking system.
Advice on personal finance strategies, such as dollar-cost averaging and focusing on serving others in the information age.
Recommendation to avoid traditional stock market investments and consider cryptocurrencies and precious metals as safer options.
Call to action for viewers to share the video and spread awareness about the discussed financial issues and strategies.
Transcripts
welcome to July at news take top stories
and cryptocurrency angel assets and
break it down into bite-sized pieces
today pretty much a sideways day not too
much going on just the basics looks like
we are trading sideways and in this time
I always get a little bit nervous
because there are just so many things
going sideways we got Bitcoin at 0.03
percent gained tether tether tether
light coins down a little bit yo sand
really only it's really up is by Nance
coin that was probably because of the
notification that they're going to do
futures and options and things like that
in this kind of a trading challenge so
that's great good for them and what I
feel is like when all these things are
happening and there's just a big
compression or just sideways types of
action I feel like there's something
brewing in the background and I need to
talk about something today that I think
is it'll make a huge difference in to
where you go in the future there was an
interview and this is from London rial
this is a show i watch every so often on
YouTube and they had Robert Kiyosaki and
he is the creator of the Rich Dad Poor
Dad series of books got a got a pretty
much an online Empire as far as
financial education and I'm just
listening to it and a lot of the things
that he was talking about made a lot of
sense in the very end he's what he's
going to do is lead you down the path of
investing into really cryptocurrencies
digital assets and Bitcoin and when he
talks about these things
it makes you realize just how much you
really don't know or even if you did
know there's a big difference between
knowing something and truly
understanding what is behind it so I
think this is one of those those videos
that is super important and will lead
you to a natural conclusion of where you
should go so we're gonna go everything
from the Fed is a scam to how we got
there as far as the education that that
you and I were involved in the things
that are going on as far as quantitative
easing hyperinflation and it's gonna
lead you to one in SK
inescapable conclusion and that is you
need to get out you need to get out
because you're getting played and you're
gonna get screwed out of your money so
let's take a listen to this interview
I've brought I'd chopped it all up and I
did that because it's just too long so I
just put into small little segments so
let's take a listen and then before we
start I just want to say that I've sped
up the video itself because Robert talks
super slow and then London rial the
other gentleman of hers named he he
talks super slow so I was listen to
these things like 1.5 X and she sounds
like an old vs. talking voice let's take
a listen
financial education so simple that the
average person could understand us I
wrote this book Rich Dad Poor Dad it was
turned down by every publisher in 1997
saying don't know what you're talking
about I was talking about but the
academics don't and that's the prime
problem they're running the Fed they're
running our government this I mean all
these guys they're criminals because
they think they're smart right and you
posted something on Instagram and
Twitter talking about the Federal
Reserve Bank saying that it's not a bank
it's not federal and there are no
reserves and it was something created by
a group of men in a back office
somewhere in 1910 and yet we kind of
revere it as this all-knowing
all-powerful I think you made the
analogy of The Wizard of Oz where
everyone just fears it and we say it's
doing the right thing but we don't
really know what it's doing and when you
start to look as you said behind the
curtain what was the in how what you
made someone pull their strings it's so
important strings an essential that's
what it is that's where we see what is
happening right now
quantitative easing six trillion dollars
going into debt they're just kind of
playing the game and they think that
they are the smartest people in the room
and what's gonna happen is I think it's
going to be severely detrimental to not
just this country but countries around
the world so let's fast forward when we
start to talk about like how do we get
here what happened how how did this
happen to you and me this crisis started
back in 1904 when the richest guys on
earth took over the education to States
they formed a thing called the general
education board was formed by guys like
Rockefeller and JP Morgan and what they
pulled out of education was financial
and so the reason they could rip us off
to see what I know is via the mechanism
of money and that's why I wrote the Rich
Dad Poor Dad it was a warning shot
across the bow back in 1997
wake up something's coming down the road
so we're here right now this is the
biggest transformation issue in the
world is from Industrial Age to
information age Brian Rose is doing well
because you made the transition I'm
doing well as I made the transition I'm
making more money than ever before my
problems but I'm making money more than
ever before but if you have it if you're
losing money right now the problem
starts with what you were taught in
school because everything about money
never taught you about a financial
statement like my Rich Dad they teach
you that diploma is everything so couple
things here first of all I don't know
where you're at I don't know if you are
in Canada if you're in Mexico if you're
in India if you're in Europe Spain
wherever you're at us
in the u.s. they did not teach finance I
did not teach anything it has to do with
that aspect of education now they'll
teach you trigonometry and calculus and
things that the majority of us really
don't use moving forward so when he
talks about like how do we get here it's
because mostly they keep you in the dark
and you don't get to know these things
until either you go on to college or
like myself you have to learn these
because of business so when you see
what's going on it's because they have
done this in the background to pretty
much pull the wool over the eyes and
that's pretty much how it's done so now
we're gonna talk about like what does
that mean so if they take that away what
is that equal out as far as the society
right now with the stimulus packages is
all this money being given quote-unquote
away by the government to everybody is
actually devaluing your dollar is
devaluing your pension is devaluing your
savings and it's wiping out businesses
so it's it's you're dying by this sword
yeah and the harder you work for money
the poor you gonna get that's the
tragedy so this is how it fuller talked
about a prison is inside her head but
mister Florida it starts with Miss
information and Miss orientation
misinformation miss orientation and he
says how Dara schools punish kids for
making mistakes how else do you learn if
you don't make a mistake and learn from
your mistake he says god designers I'm
not gonna let just on that bridge in
you're saying God designed us to worry
by making mistakes for instance a baby
learns to walk by falling down baby
learns you know to ride a bicycle by
falling off the bicycle you know Tiger
was
great is called for a never ending of
the world because he made more mistakes
in you and I did that schools partially
making mistakes that's good miss
orientation misinformation so then here
we go so we're talking about
hyperinflation these stimulus packages
if you're not in the United States right
now they disapproved a essentially a six
trillion dollar package to stimulate the
economy which is ain't enormous amount
of money where's this money coming from
they could coming from thin air the
fetish is printing and it doesn't really
matter and then we're going into a
massive debt which could which could
lead to a huge economic collapse or
maybe even an economic reset moving
forward because of how much money is
being printed because of the GDP because
of what a low GDP and of course the debt
which we are accumulating at a massive
them out so what does mean in the long
term or what does actually mean for as
far as you know the younger generation
and that's because our schools were
basically built to create workers that
will do what you tell them to do because
they value this thing called money and
they think that's going to allow them to
live a life and that's obviously
completely wrong because the rich don't
work for money the rich create their own
wealth and when a time like this happens
it becomes blatantly obvious what's
going on with the people that are
understanding money and the ones that
aren't right so let me ask you this why
did you get an equipped of currency why
did you why were you drawn to digital
assets encrypted currency to to Bitcoin
to a theorem it's XRP to chain link to
tomato coin to whatever I'll be and be
coin to all those things that are out
there
Tasos what drew you to it was it because
you thought was a great investment and
maybe you still think that I still think
it's obviously a great investment or did
you think it was a good investment plus
you had this sneaky suspicion that fiat
currency was at some point going to
collapse or was going to be devalued so
greatly that you needed to hedge your
bet and get into something else that
would probably be the future I mean
we'll look we look all around us what is
going on all around us there's a there's
a digitalization of our not just of of
our economy but of course all the
information everything is being shared
globally throughout the world now it's
just astounding to me that you cannot
share your your banker I mean the funds
that you have
in your bank across the world without it
taking you know days or it just makes no
sense so when we see these types of
things happening like for me why I got
into it I could see where it should be
and there was a big gap of what I
thought it should be and where it is not
and I feel like a lot of you are with me
in the same journey because you think
like look there's a better way to do
things there's an easier way to do
things in a more transparent way and
that's why we're all here just my my two
cents so we're gonna talk about right
now what Roberts gonna talk about is the
crux of the whole of this whole
interview and he's gonna pretty much lay
it out like how much is being printed
how much money is being devalued and why
and this really comes down to the heart
of it money or dollars or fiat will be
worthless in a couple years and so
you're saying these bailouts are helping
the rich is what's happening here it's a
check with the debt a mortgage you know
like this it's 2008 there was credit
default swaps for residential real
estate so they bailed them out this next
crash is for the hedge funds and private
equity that invested all this commercial
real estate so I have another hundred
million dollar project coming up I just
got bailed out I just got backed up by
the Fed and the kind of government so
that's why I socialism for the rich
unfortunately this capitalism class I
want to stop this right here because
socialism for the rich individualism for
the poor that is a that is a a prime
statement and it is not as nothing new
it's been around forever and the first
time I heard it was reading my history
books when I learned it from Martin
Luther King jr. said this and it's the
same thing country has socialism for the
rich and rugged individualism for the
poor and you can look around and you can
see all these different bailouts that
happened before it was amazing
you could bail out banks with no problem
and nobody would ask like how we're
gonna pay for that
well there is too big to fail and then
they would give money and now in this
bailout you'll see three hundred fifty
billion somewhere around there that is
given to the individuals but yet you
have like 50 billion going to one
company 60 billion go to another 35
going to another and it's just like well
what happens here oh well we can give
them because they're huge they're huge
corporations and companies
well that's socialism that's socials
that's that is socialism for the rich
rugged individual and for the poor
gotten screwed time and time and time
again and it's about this time that now
that we have options and that's where
that's why bitcoin was made essentially
2009 that's why the the white paper was
was created by switch Nakamoto whoever
he or a group of them or she is I was
because the crash 2008 there was no
other options now there's options and
the genies out of the bottle and that's
why when I hear these other things that
this totally makes sense so how does
this play out for the average worker
Robert for the small business owner I
mean what is the next three months look
like cuz it doesn't look pretty I mean
people are already being laid off made
redundant businesses earth there's no
cash flow and most of these businesses
how does that play out one more step
just give you the size of it okay the
national debt for world war two is 25
billion every day today every day
they're printing 125 billion every
single day that's like five world war
two is per day they're printing so much
money to keep as long as think of a hot
air balloon with a tear in it and
they're doing desperately trying to fix
this here but no matter how hard they
try the terrorists on beyond is coming
down so in financial terms of scar debt
that the GBP has now gone from 60 to 90
to 105 went to 120 we're bankrupt and
they don't print more and more money
which means savers or losers just as I
predicted savers or losers and it's the
truth you put your money in a savings
account let's say you did in 1970 you're
like hey got a thousand bucks and put it
in the bank count cuz it's worth a lot
of money what how where does a thousand
bucks worth now I mean it's nothing to
sneeze at but if that was now was in
1970 at thousand thousand 2020 he's huge
difference of the buying power of those
individual fiat currency and this just
leave me to one question I have what's
GDP cuz this is gonna play a central
theme in a second so I have to explain
this and before I move on and I'm gonna
say this socialism there's Democratic
socialists and everything else and
communism whatever else I am NOT in any
kind of like political stance on that I
just care about if things work and in
some situations they do work sometimes
really don't but in the comments section
don't bombard me with like oh you're a
socialist well that's not I'm saying
so I'm saying I'm saying that it's it's
amazing to me that some places they
demonize socialism
and yet but it's okay for a huge
corporation to get bailed out with with
no strings attached that's what I'm
trying to say it's just not right all
right so the GDP so this there's really
five ways to measure the economy you've
got these five parts the u.s. nominal
GDP which measured the economic output
of an entire country the real GDP which
is the GDP without inflation that's
important that's really what they use
GDP growth rate which measures
year-over-year percent increase of
economic output and a GDP per capita
estimate the standard of living and
finally the debt to GDP ratio is what
people talk to all the time it
determines whether the income or the
annual income can actually pay off this
debt and this is the most important
number so let's break it down so the US
GDP the gross domestic product was 21.73
trillion for the fourth quarter of 2019
okay that's a big number 21 just
remember 21 trillion okay
blackjack 21 US GDP is the economic
output of the entire country that
includes goods and services produced in
the US and there's four components
there's and this is personal consumption
expenditures which are all the goods and
services produced for a household use is
essentially two thirds of the total GDP
two thirds so like exports government
spending business investments that makes
up the other one-third ok business
investments purchase by the private
sector government spending which is
hugely enormous federal state local the
net exports of course whatever America
exports which I don't I know exactly how
much we really export we sure do import
a lot though the real GDP the the u.s.
world GDP was 19 trillion and remember
that is the nominal GDP it strips out
the effects of inflation so that's the
real number 19 trillion that's why it's
usually lower it's the best statistic to
compare the US output year-over-year
that's why the BIA use it to calculate
the GDP growth rate great it also used
the calculate GDP per capita capital so
the growth rate the current GDP growth
rate is 2.1 percent why really I'm like
that seems kind of low you know is that
really that great 2.1 percent well yes
it is the indicator measures the
annualized percentage increase in
economic out
but since the last quarter it's the best
way to assess US economic growth the
ideal growth rate is between two and
three stronger growth means it's AB it's
a boom slower can means the bust and if
you have you know anywhere outside those
realms it's a boom or bust so anywhere
between two and three is fantastic and
we were at two point one percent
everybody's happy or so we thought
GDP per capita for q4 2019 the US real
GDP was fifty eight thousand three
ninety two that's per person this
indicator tells you the economic output
by person it's the best it's the
estimate of the standard of living and
in 2017 United States ranked 19th for
GDP per capita compared other countries
I think I looked up another figure in
2019 it was around 13 so not the best
you would see like like the best and
actually like like Qatar and those types
of places they was it Singapore
yeah I think Singapore is like up there
like top three so the debt to GDP ratio
is what all comes down to the US debt
the GDP ratio for q4 2019 was a hundred
and seven percent when we said again the
debt to GDP ratio was a hundred and
seven percent meaning we had more debt
than we have for the gross domestic
product that's a total public u.s. debt
divided by the nominal GDP bond
investors use this ratio to determine
whether a country has enough income each
year to pay off its debt this debt is
too high the World Bank says that debt
that's greater than 77 percent is past
the tipping point let me read that again
this debt level is too high at a hundred
and seven percent and this was written
before we just had a six trillion
bailout the World Bank says a debt that
Square than seventy seven percent is
past the tipping point that's when
that's when the whole nation's debt
worried that it won't be repaid the man
is too high higher interest rates to
compensate me run read this they demand
higher inch rates to compensate for the
additional risk when interest rates
climb economic growth slows that makes
it more difficult for the country to
repay of debt the United States has
avoided this fate so far because it has
a really strong economy so my question
is well who owns the debt who owns the
debt who has all this debt if it's if it
is so much well here's who got who
here's who owns it here's the breakdown
of 21 trillion US debt us investors they
all they bought it up and they owned
about a third 32.5 the Federal Reserve
has a debt two point three eight
trillion okay
US government has a big chunk twenty
seven percent and that's the majority
but then you have these things called
foreign investors and these foreign
investors are guess who number one is
China China has five pretty and probably
higher than that maybe even six percent
maybe eight percent or ten percent who
knows because you can just kind of look
at China Japan Brazil blah blah blah
sure great the Chinese government or
Chinese investors likely own even more
US debt purchased through entities in
other countries such as Hong Kong
Luxembourg or the Cayman Islands all of
which are havens for tax shelters so
when you look at this type of thing
you're like these this is who owns a
debt a lot of it is America owns its own
debt but here we have these foreign
investors and what would happen if oh I
don't know they say we're calling on
markers you can get pay us you need a
pass you're gonna default and then we're
gonna start taking things and that's how
it goes because you could be called in
and that's just what it is so let's move
on if you review the national debt by
year you'll see that the other time the
debt to GDP ratio was this high which is
on a 7 percent which I can't wait to the
new numbers that was to fund World War
two that's when it was actually higher
following that it remains safely below
77 percent until the 2008 financial
crisis even though the economy is
growing at a healthy two or three
percent rate the federal government has
not reduced the debt and it keeps
spending at an unsustainable level and
that's just exactly what's going on so
all this time that we had this great
economy and was everything going on what
happened why didn't they pay it down
there's like no big deal we'll do it
later that's something I would do around
my house but I'm not the US government
they should they should have I don't
know I've been a little prudent and try
to pay it down just my thoughts what do
you think tell me in the comments
section so this this part here I need to
fact check that and I took a look at let
me go up here
the national debt by year compared to
GDP and major events this was a pretty
good one that the GDP ratio gives
insight into whether the United States
has the ability to cover all its debt a
combination of recessions defense budget
growth in tax cuts has raised the
national debt to GDP ratio to
unsustainable levels so any debt GDP
ratio above 77 percent what we've talked
about is considered a tipping point just
remember that all right so I want to
show you something unbelievable the debt
in 1929 was 17 billion that's it it was
16 percent the debt to GDP ratio can you
believe that that was during a market
crash 1929 and then it went up to well
actually one time 16 trillion or 16
billion I'm sorry not trillion billion
the death jieb ratio 18 22 33 39 what
happened here what happened why did jump
so much here this is because the FDR's
New Deal and when I talk about this
FDR's New Deal I'm gonna draw some
comparisons of conclusions how much you
think if this isn't history repeating
itself so real quick the New Deal
summary the New Deal is not economic
policy FDR launched at the end of the
Great Depression Americans battered by
25 percent unemployment dust bowls
droughts and four waves of bank failures
welcome the government's rescue does
this sound familiar
the only difference is is that the Great
Depression was caused by a stock market
crash and panic selling people just got
out and lost their minds because I was
just like tumbling down it was the exact
opposite of FOMO this economic downturn
is caused by the coronavirus disrupting
most areas of business these businesses
are otherwise healthy if they just be
oaken open for business and you can you
can see it all around you can see it in
just local restaurants and beautician
places hairstylist nail salons all these
different little niche shops that can't
be opened a target those type of places
well targeting Seoul but a lot of maps
closed down because the corner of iris
now they're not unhealthy they just need
to stay open but they can't so this is
the problem right now this is why we had
that big stimulus package passed so what
happened what were the what would
things that they did in this new deal
well the first thing is they go look
we're gonna do an emergency Banking Act
and you got to prove that you are
healthy enough to open back up this Act
allowed banks to reopen once examiner's
family be financially secure so what's
gonna happen is later on instead of
financial security back in there for the
New Deal
to check back a bit open up they're
gonna it's gonna be a health screening
in that area or city what that means is
they're going to do some kind of like
health screening to make sure that it's
okay for this to open whether that be
individuals I don't think is emulate
that I think it's gonna all go by
numbers the percentage of that are
infected the death rate as it starts to
fall down then these businesses will be
okay to open up that's what's gonna
happen government economy Act what they
did here is they cut the pay the
government and military employees by 15%
they cut government spending by 25% and
that billion that they saved went to
finance the New Deal programs now this
will never happen this will never happen
because our government is way too
corrupt to take a pay cut even though
they all should because they're all
incompetent next part the beer wine
Revenue Act it legalized the sale of
beer and wine and taxed alcoholic sales
raising federal revenue this fall by the
passes of 21st amendment which
effectively ended the prohibition so if
you think about that the prohibition of
the 20s is the legalization of marijuana
in the 2020 so if we can get marijuana
legalized imagine what we could do as
far as pulling those funds in and taxing
those types of entities and the actual
product itself
now marijuana I can just tell you right
now it's not legal in my state but it
seems like everywhere else it is now
there's different parts but it's either
legalized for recreation or medical use
always gonna be voted on in 2020 what
makes you think that they won't start to
legalize more marijuana throughout the
entire United States just to boost
revenue because we are an enormous
amount of debt why wouldn't they do it I
bet they will and that's gonna be good
news for well most of my friends I'll
just be honest
next part here they did a Civilian
Conservation Corp s-- through April 5th
this program hired three million workers
over the next ten years to conserve
public land planted forests built flood
barriers
and maintain roads and trails what does
it sound like well it sounds like the
two trillion dollar infrastructure plan
that is part of president Trump's
initiative so you see the parallels here
well they did they did it back then
they're gonna do it again and I was
gonna start to do as far as like history
repeating itself and then the
abandonment of the gold standard April
20th FDR stopped the run on the precious
metals he ordered everyone to exchange
all gold for dollars now what do you
think it happened as time moves forward
maybe they do this let's do a
cryptocurrencies last that standard
we're gonna put in these dollar bills
everyone's hard to use more and more of
cryptocurrency in digital assets for a
number of reasons first of all it's way
more efficient its cost savings oh and
then the third thing is that as we use
more money more of that virus is
transferred on from money to money to
hand to mouth to eyes and then of course
you get more of infections so if you
look at all those things it's easier to
use it's cheaper to use it's a better
asset to use and that's gonna cut down
an infection why wouldn't they go to it
they almost did it with a digital dollar
Act but it got cut out of the very last
bill and that's that for that part let's
go back alright closing in this is the
most important part and this is what
really opened my eyes and really made me
want to share this video with you
break it all down and give analysis
because the next three and a half
minutes and it's gonna show you why you
need to get out of these markets let's
listen and I said the biggest financial
crisis crash was gonna come in 2016 now
I didn't foresee quantitative easing we
didn't have back in 2006 but much much
there was no quantitative easing and
there was no service or interest rate
policy
oh my god elected so so this was
postponed for years it's here today rich
that's policy is more true today than
ever before and it's about why the
biggest stock market crash in history
was still coming Wall Street Journal
trash me they took me to the cleaners
said you don't know what you're talking
about and I don't blame him because I
was threatening their nest
so I wrote this look summits here today
a point here resist as you and I know
because we've seen inside the machine to
admit the wizard the real problem is at
the stock market the real problems of
shadow banking system the banking system
the financial markets we don't see you
know which which is the repo market the
consumer of corporate credit market and
then the commercial paper market they're
broke
so this stuff was happening in September
last year but they keep - if you're CNBC
ya know they have a job to do they keep
hyping this market up so mark was
hitting great Peaks and so I told my
friends all have 401ks IRAs on all this
I said hey did your financial planner
call you in December until you get out
no they told you - stadion they told you
to stay yeah and meanwhile the stimulus
package comes in it checks the price of
effort aside to deflate base the
stimulus market came in they popped it
up again so guys could escape so the
rich could escape meanwhile they're on
CNBC tell you stick it out stay for the
long term you know the market will
bounce back Oh give me a break are you
that's stupid
can't you see what they're doing and the
fact is they cannot so this this crash
is you know just prior to the scratch
was called you everything bubble stock
market Messiah real estate was high and
allowances high gold and silver chemical
time the trouble now everything's
deflating I'm in serious trouble
financially at one one end because I own
hotels and I've eight thousand rental
units today they're not paying rent
now does that affect me of course it
does but the way the rich or my rich dad
taught me to play the game is I have
LLC's and S corporations and C
corporations corporations I hide behind
that so Dickens I own nothing
technically they can sue me for my money
but they'll sue a limited liability
corporation you can't touch me so this
is why I talk and Rich Dad Poor Dad
so it's not the ass I have businesses I
have real estate I have stocks bonds I
don't have any sponsor me I have golden
sovereign with now is my well kind in
trouble no because he knew he didn't
finance is while drilling with that you
know some people are doing it really
well because they saw this coming
so it's not the asset class it's it's
really understanding I'm looking behind
the curtain
seeing the wizard right now is Powell
and Larry Summers and these guys I mean
they misled us totally so am I gonna cry
no so let's take a look real quick so
what happened let's take a look at the
S&P 500 index this is just for one day
and looks like yeah a little bit down
maybe a little dead calf balances UTA
people like to love to say let's take a
look at five days
look at that little bump and then boom
crashes down take a look at a month
comes down comes up they look at six
months when all the way up here December
January
it's always about to new this someone's
had to figure out about the chrono virus
then we start to see that businesses are
shut down and is pumped and pumped and
pumped and pumped and all of a sudden
and in February what supposed to happen
stimulus package comes in what happens
it is a boom and a bust
it is a boom and a bust and for me I was
actually thinking about getting into the
stock market yet again I haven't known
Bennett for a long time and I was
thinking you know there's a lot of good
projects out there lot of good companies
that are you know will reverse I mean
Boeing is one of them Boeing was that
above $300 and drop below 98 and I was
like yeah that sounds like a good one
three a movie a good one
telecommunications companies such as
zoom which everybody's using right now
have been great one but if I do that I'm
stuck in dollars and right now I don't
trust dollars I don't trust much of
trust much of anything as far as like
the government especially what's being
printed so for me it is out of the
question
to do that now out of the question
there's only one clear path that I can
see that is the safest path and this is
a funny thing because just two years ago
it was the most risky path which was
cryptocurrencies real assets and I can
just see it I see it clearer every day
especially with the things around me
let's move on so the last last signal
last piece is what Robert here talks
about as far as what could be a good not
a good hedge but the best bet for you
moving forward anything on it why is
because original hardian the rich are
hoarding gold and silver like toilet
paper and guns the poor middle class are
calling their financial planner the
financial planners tell him to stay in
for the long term and meanwhile the rich
are getting out wake up is my message
and that's it and he's right even though
we talked about the spot pricing as far
as like gold not really moving much it's
true in my comment section someone a
couple people told me that look I mean
that's just a spot pricing but if you
actually wanna get physical gold you
want to invest in the gold actual real
gold or silver you can't find it it's
not around and why is that because
they're hoarding this leads me to my
next point which is what Robert talks
about in his Twitter account and he says
right here
lesson five nineteen seventy one dollar
debt became debt debt makes rich richer
debt makes poor and semi poorer if US
debt the GDP ratio sixty percent the
world is sound actually it's yeah but
sixty anything but second was bad today
a u.s. debt to GDP one ten percent of
climbing this is April second and
climbing us bankrupt debt galore greed
destroying lives and world economy very
sad save or accept gold silver and
Bitcoin now in another interview that I
had heard today Robert talks about
Bitcoin again and he says he goes look
he and he it was by a steep dude
somebody do see somebody like that not
the Fox News guy some of those do see
and he was saying uh he said he said
what about Bitcoin he said he was I yeah
bitcoins a great option he goes Bitcoin
he goes for the you know generation is
going to be that magical piece or
something like he said that he goes but
for me it's silver and gold as time goes
on Bitcoin will become more prominent
that's just how it's gonna be
it was if you're younger he goes then
yes that's probably your store of value
or something like that he said but he
said yes bitcoin is that one piece to
get into and he's right and everything
he says is just correct and I remember
reading his book back in late 2000 I
forgot them actually still in the
military and it was a real eye-opener
and I can just tell you like when you
have something like this just reaffirm
what you believe gold silver Bitcoin
sure and I know we've trashed we've
trashed Peter Schiff more than we've
trashed goal in this channel it's just
because Peter Schiff is just such a
flamboyant extroverted type of promoter
and I have nothing really against
somebody just he's just kind of
ridiculous sometimes but he's right you
know
gold and Bitcoin I think I think are the
real sorrow value going for
all right last piece so the last piece
is what are we gonna do what are we
gonna do how we can get ourselves out of
this so let's take a listen here I used
to teach those two kinds of people the
wrong whips and pimps and a Whipple
always say where is my paycheck sir and
a pimples I put it in my pocket sugar so
you have a whip or a pimp right now but
the best way to be a pimp there's not a
lot of Fuller's generalize principals
get whole series I'll just go over them
- there's no right and wrong but on the
right foot or on foot that's without a
knob there's no down you know but the
other one was the more people I serve a
more effective I become and Brian what
you're doing is serving people if you
focus on that you're doing with bad ones
done and the more people I serve the
more effective I become I'm not asking
you for money and osmond get paid
training
I just wanna serve people and the
information age is craving your role
we're entering because we can share
knowledge and we can share wisdom and
that's what you're doing that's what I
do so you and I just focus on serving
more people and we join what God wants
so the first part here wimps and pimps
ones first pet which is pretty funny you
gotta ask yourself what are you gonna do
you know are you gonna let this just
crumble around you or even those people
go okay I know what I should be doing so
I need to do these things I didn't make
steps I need to make advancement some
whatever that is that you need to do to
get ahead yeah that's for you to decide
it's not for me to tell you I can tell
you what I'm going what I am going to do
of course is stay the course I'd always
talked about this before dollar-cost
average in 2050 hundred five hundred
dollars a week or whatever you can
afford is up to you for me it's a little
different dollar cost average in write
it up write it on the way down right
along the way up and sell during the
bull market and that's how I see things
I will not beginning in the stock market
even though I've been thinking about it
and I think the best strategy is just
keep moving forward and that's that the
next part is serving people and it makes
a lot of sense to me this is what I've
been doing since as long as I can
remember
when I was in the army a medic got out
met
became a nurse and he came a t-shirt and
the charity foundations it's the same
thing so for you who are listening to my
channel thanks because gives me purpose
gives me things to do especially when
I'm in quarantine and I don't ask for
anything I never want you guys and first
of all I will never ask you for anything
as far as like your information or
something like that those are all just
scammers but there is one thing I'm
gonna ask you for today and I never
asked for this ever but today I think
it's important I'm gonna ask you to like
the video it's gonna it's gonna push out
this to more people I'm gonna ask you to
subscribe if you think that this channel
were subscribing I think it is but I'm
biased I'm gonna ask you to share this
video if you think that's gonna help
somebody else and by sharing I mean you
could share on YouTube being share on
Facebook and you share a Twitter account
wherever you can but again I never ever
ever asked for these on my on my videos
this is the rare time I may do in the
future but it's a rare time I'd do it
and it's because I think that this one
is one of the most important ones I've
done especially I'm gonna save somebody
from making a huge mistake who might be
thinking about getting out of
cryptocurrency or digital assets or you
know pulling their money and putting
into the stock market because I don't
think it's gonna last and that's just
how I see it alright that's it thanks
for watching the video if you like
typing me too more is gonna pop up left
and right and that is it for today
thanks I'll see you
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