GET OUT OF THE MARKET! YOU'RE BEING PLAYED!! Rich Dad Poor Dad Author Robert Kiyosaki and Bitcoin

Summary

In 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

00:00

😟 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.

05:01

📚 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.

10:03

💵 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.

15:05

📉 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.

20:07

🚨 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.

25:08

🛑 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.

30:10

🤔 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.

Keywords

💡Cryptocurrency

Cryptocurrency refers to digital or virtual currencies that use cryptography for security and operate independently of a central bank. In the video, the speaker discusses the sideways trading of cryptocurrencies and suggests that they might be a hedge against the devaluation of fiat currency. The mention of Bitcoin, tether, and other digital assets exemplifies the theme of exploring alternative investments in the face of economic uncertainty.

💡Sideways Trading

Sideways trading in financial markets refers to a period where the price of a security moves horizontally with little change over time. The script describes a 'sideways day' in the cryptocurrency market, indicating a lack of significant price movement. This concept is central to the video's theme of market analysis and the speaker's caution regarding potential brewing issues in a stagnant market.

💡Robert Kiyosaki

Robert Kiyosaki is an author and businessman, best known for his book 'Rich Dad Poor Dad,' which advocates financial education and investing. The video references an interview with Kiyosaki, where he discusses the importance of understanding cryptocurrencies and digital assets. His perspective is used to emphasize the need for financial literacy and the potential of cryptocurrencies as investment vehicles.

💡Quantitative Easing

Quantitative easing is a monetary policy in which a central bank creates new money to buy government bonds or other securities to inject money into the economy. The script mentions quantitative easing in the context of the Federal Reserve's actions, suggesting it as a cause for concern due to its potential to devalue the currency and lead to hyperinflation.

💡Federal Reserve

The Federal Reserve, often referred to as 'the Fed,' is the central banking system of the United States. It is responsible for implementing monetary policy and is criticized in the video for its actions that allegedly contribute to economic instability. The speaker suggests that the Fed's policies are not in the best interest of the average citizen, highlighting a distrust in traditional financial institutions.

💡Hyperinflation

Hyperinflation is an extreme acceleration of inflation, which results in the rapid devaluation of a currency. The video discusses the potential for hyperinflation due to the large-scale printing of money by central banks, which could lead to a significant decrease in the purchasing power of money and economic collapse.

💡Stimulus Package

A stimulus package is a package of economic measures designed to stimulate a struggling economy. The script refers to a 'six trillion dollar package' as an example of governments trying to combat economic downturns. However, the speaker argues that such measures may lead to the devaluation of the dollar and have long-term negative consequences.

💡Debt to GDP Ratio

The debt to GDP ratio is a metric that compares a country's national debt to its gross domestic product (GDP). It is used to assess a country's ability to repay its debt. The video highlights the U.S. debt to GDP ratio exceeding 100%, indicating a level of debt that is unsustainable and a potential risk to economic stability.

💡Digital Assets

Digital assets are any type of asset that exists in a digital format. In the context of the video, digital assets refer to cryptocurrencies and other blockchain-based assets. The speaker suggests that investing in digital assets like Bitcoin could be a way to hedge against the devaluation of fiat currency and protect one's wealth.

💡Financial Education

Financial education refers to the knowledge and understanding of financial matters, such as managing money, credit, investments, and taxes. The video emphasizes the importance of financial education, as advocated by Robert Kiyosaki, to empower individuals to make informed decisions and protect their financial future.

💡Economic Reset

An economic reset refers to a major change or overhaul in an economy's structure or policies. The script suggests that the current economic policies and the accumulation of debt could lead to an economic reset, hinting at the possibility of a significant shift in the global financial landscape.

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