Original subtitles

you save all this money it goes poof what can we do about it what can we do

the military education is different than academic education we're taught to make

mistakes you know so every day I'd fly and we had to kill the engine on our

aircraft and crash it's called autorotation I used to fly our 22s and

it's the scariest thing you've ever done but every aircraft we do we almost cross

training all the aircraft we always practice crashing because one day yes

you know you will crash and you did crash and I did crash three times but if

I didn't practice that I'd be dead so what happens to the average person in a

financial crash they don't know what to do and right now as you know for the

middle class of the world we're in a crash the purchasing power of the yen

the euro the rupiah all going down and people are working harder and harder and

harder and the central banks of the world of printing more money interest

rates you know Trump has told the Fed don't you raise those interest rates

well that screws all the savers right I was on CNN calling the crash of 2008 and

said lemons going down you can check it out I said to Wolf Blitzer laymen's

going down and he goes off and he got all he got

kind of flustered because they're not allowed to say stuff like that right and

we had Jean Chatzky who represents Wall Street you know the mutual funds and

401k guys she also they don't want me to they don't want what we know out there

so that's why fake us fake money fake teachers fake assets how can you

explain that to people and then what do they need to know about fake assets to

protect themselves especially from this upcoming crash or crisis that's going to

happen can I give you a very simple please ok this here is a balloon so in

1971 Nixon took the dollar off the gold standard so what did that mean that

meant the US government the US Treasury could now print money so they had the US

Treasury would sell a bond to the Fed over here be the Bank of England Bank of

Japan ECB and all this the financial industry is two things death and taxes

debt and taxes and that's where fake starts 1971 Nixon took the dollar off

the gold standard the US dollar became debt and we still tell kids to go to

school get a job work hard save money and get out of debt and invest in a

well-diversified portfolio stocks bonds mutual funds and ETFs that's not it

now who tells them to do that that's the most ridiculous thing there is the book

starts and it says line number one saving money will make you rich and

never will you know that because they can print it why would you save it and

why would you work for it if they can print it and faster than you can work

for it and and number two is they keep dropping the interest rates on it and

today in the world America especially is as gap between the rich and everybody

else and I know the game of the rich my rich dad taught me you know it cuz

you're the banker the game the bankers and the Reds play it's different than

what they teach you in school if you read Rich Dad Poor Dad rich dad's lesson

number one the rich don't work for money don't you touch that stuff the people

that are being screwed today are the poor middle class because they work for

money you know the bankers they're not working for money they have money

working for them yeah right very big difference in mentality so we have in

America today we have you know even Ray Dalio of Bridgewater on the biggest

hedge fund guys in America he's saying this gap between the rich and everybody

else is too wide well you could have seen that back in nineteen seven seventy

two because the moment you corrupt money the very thing that everybody works for

saves cows on they were screwed anyway and our school systems fake money fake

teachers fake as it's part of that same system government education Wall Street

or City of London and you know in in Paris today they have the Yellow Jackets

yeah the protostar swing on in America today our red forehead all these cool

teachers are putting on red t-shirts because they know they're being screwed

they're protesting at all this their pension plans have been sucked dry by

Wall Street and what do they do they put hedge fund

managers in to manage to pensions you got to be kidding me

you put a hedge fund guy in to manage the biggest pot of money called the

school teachers firefighters and police officers pensions they just sucked all

the cash out of it and the teachers are going what happened to us but because

they don't know anything it's red for it they're out there protesting in mass all

of the united states but you don't hear about it they talk about the Yellow

Jackets they don't talk about red thread so this whole thing is coming apart

right now and it goes back to the question I have a high above us ask why

does our school teach us about money because Wall Street won't let them

that's simple that's it and so if someone's listening to us that's stuck

in that poor middle class trap and they hear it's their fear that ultimately is

keeping them from that that's a hard thing to hear Robert well every time I

and I do a lot of speaking to the masses out there you know Lehman doesn't invite

me up because we're gone but but you know it's so risky what you're saying is

risky and I said what I do isn't risky for me what's risky for you and when

somebody says what is risk yes the look in the mirror Jen I mean for me to fly

in Vietnam that was high risk but the higher the risk the more you have to

study you know that I know that so if you're

not gonna study you're not gonna practice and all that

then you should do what Wall Street tells you to do by

you know 401ks mutual funds ETFs and all that but that that's where they're fake

assets because he'll they make Wall Street or the City of London rich just

watch where the cash is flowing follow the money yeah it's not making

the poor middle class rich you know all Wall Street in America has done is rip

off the pensions because you know pensions are the biggest pool of money

in America and states like Kentucky New Jersey Illinois California Hawaii are

going bankrupt because Wall Street went in and just suck all the cash are their

pensions so the schoolteachers like my dad firefighters and police officers

they have no retirement now and so that's why is fake money fake teachers

fake assets they're the same system you see it when 71 that's that's where fake

starts my rich dad sent me a letter of station on the aircraft carrier off

Vietnam and it says hey did you know that Nixon took the dollar off the gold

standard and we didn't know we're not in the banking industry and he says watch

out the world's gonna change so by the time I got the letter was 72 my co-pilot

I said well what does gold and gold standard mean well we didn't know

American was illegal for Americans to own gold in 72 imagine that Wow

that's how powerful goal was I said and the more I researched it the more I

found out so my Copen I the where the book stars fakes threats we fly behind

enemy lines to go look for gold we went to look for gold and we're standing in

front of those little Vietnamese woman who's the the broker for the gold

company as she's selling those little tubes nuggets of gold and then you know

gold was 35 announced it was now pushing 50 announced

so I figured while she's behind enemy alliance we're behind enemy lines I can

negotiate a deal because little tiny woman nor red teeth could they - beetle

that's all day long and I go I'll give you about $40 but she goes so what you

laughing about we're behind it I'm Alliance I got US

Dollars and then I realized she knew more about money than I did I don't

think she went to Harvard June I mean she knew that this was worthless the

gold was worth more than my dollars and that's where the fake money comes to so

even she knew with very little education behind enemy lines that the gold was a

real asset it's called spot right spot price yeah as they know all over the

world cuz what same price right yeah it's the same price behind enemy lines

the same price so in 71 it was the u.s. not anybody else basically screwed the

world economy so rather than fix the economy they just did this so things

were fine they fixed the economy and inflation went through the roof there's

a dollar sign on it though yes so 87 there was you know the real estate

everything's getting expensive inflation's going creases to the

eighties right 87 crash big crash did anything happen no nothing happened they

just

so 87 that went like this and there was the LTCM plus the Southeast Asian crash

the repeal crash and all this yeah in 83 so what's the greenspan dude it was a

Greenspan put right he says oh don't worry we'll give the bank's all the

money they want so you won't crash to the banks and Treasury and the central

bank the Fed and Bank of England they're like keeping this thing else

everything's inflated now they're pushing money into system to prop it up

every time fake money fake money this is fake break going in so then in 2000 the

dot-com crash hits goes so Greenspan kind of panics and he says oh my god we

better keep this thing going cuz that was a pretty bad pop you know

okay so 2008 that's when everybody was into derivatives and you know pumping

his baby up and it did nearly come down yes um Lehman came down and Bear Stearns

was wiped out and it was like this so what did Bernanke and those guys do more

so after 2008 they just kept pumping it and it's getting worse so now we have

the stock market this one area of the economy all-time highs floating on fake

money real estate I mean I don't know how people can afford to live you know

in New York I was looking at a condo for 55 million in real estate in Silicon

Valley you you can't afford to live there

and then all these companies start borrowing money so the economy's good in

you know unemployment slaw and all this they say there's no inflation but have

you seen the price of food real estate and student loans and medical it's a

bubble you know so now what's going to happen is the baby boomers my generation

are gonna start to retire there's no money their Social Security's broke

pensions are broke students the students are broke

yeah we're screwing everybody with debt this is called economics this is called

bubble dynamics but they'll never teach you this in school you know this is like

heroin the moment you take that one here they say ok I'll quit next week and the

economy gets worse so they kick they go Trump gave us a tax cut in America this

thing gets bigger and bigger and bigger so what happened in 2008 they stopped it

by printing money so we they call it the Great Recession but they didn't really

fix anything you know derivatives went from 700

trillion to 1.2 trillion today twice as much so when the recession hit the PhD

standard came in that was brenneke you know and then Yellin the PhD said they

have PhDs was no different than long-term capital LTCM they had Nobel

Prize winners people like my poor debt academics you know so anyway this is

what's going on in the world economy today so the baby boomers are going to

retire now student loans are bust so do you have to be an economist that's a

what's gonna happen because they just we're fighting a 12-year war now

entitlements are going through the roof national debt the GTPase 109 in the MER

hundred nine percent ninety percent is too late we have to keep printing them

so this is called bubble na mcc's and this is what's going to happen

scary stuff has happened throughout history and what can we do about it what

can we do as the people watching here what can they do with their money with

their brain and what's gonna happen with his crashes I mean this is kind of blood

on the streets type stuff I mean we've never seen anything like this Here I am

I'm mr. and mrs. America or England or France was making a difference you saved

all this money it goes poof so it's it's to write down the world teeters Japan is

almost gone I think the two hundred twenty percent that did GDP China is in

horrible shape you look at my standing in Spain Italy

grace was quite a venezuelan brazil argentina you know the world is

teetering right now it all goes back to 1971 when i was flying back enemy

alliance looking for gold so I decided that I'm gonna put myself on the gold

standard that's a record sensitive it just could put yourself on the gold

standard so we buy a real gold not ETS that's fake gold so my wife and I had

been buying gold since that's why on the when because there's an old saying do

you build your house on sand or do you build a lot Rock Saudi billionaire house

on cash or do you bomb do you build it on gold coins so we kept just saving

gold coins we'd have much money we kept yo and as we got richer and richer and

richer we had more and more gold coins and I foundation got stronger but think

of us it was two hundred ninety dollars in 1999 and today is 1300 so never say I

can't afford it ask yourself how

the reason I have so much money is because I don't say I can't do it I just

go how can I do it and I guess go into it to make a lot of mistakes but that's

how I learn how can I the poorest poor people like my poor dad always said I

can't afford it you think I'm made of money I'm a school teacher I can't do

that and I picked that up and my rich dad never said those words so what I

made poor people they use the words I can't a lot so the people that said I

can't afford it I can't do this I can't get to college the richer you fall down

I choose not to participate that and that's one thing people could change

today trip right now is that dialog in their head stop saying the word can't

I checked right so how can how can I especially as in I can't afford it how

can I afford that because that opens them up to looking at it as an

investment to a greater future right so everybody can do something you can buy

silver for 2 bucks you can buy US dime for 2 bucks right go real as fast as you

can don't have to do that much but that's what that's what I that's what

Records does what I do we're going real because if the rest is fake it was a

record says 2 right and that's I own real estate land gold and he recommends

a museum quality artwork so you want people to understand what's fake and

what's real try to get into the real assets because that's the way to protect

from the next crack house schools will never to Joseph's right never and Wall

Street won't either they make too much money they don't get money off of

they'll make money off of gold or real estate or bitcoin 1929 crash was this

big 2008 was that big the next one's gonna be that big that's it