1 00:00:13,720 --> 00:00:17,080 Speaker 1: Everyone, Welcome to another episode of the Market Disruptors Show. Today, 2 00:00:17,160 --> 00:00:20,400 Speaker 1: I am sitting down with Robert Kiyosaki, who doesn't need 3 00:00:20,480 --> 00:00:23,000 Speaker 1: much of an introduction. He's been a massive influence in 4 00:00:23,040 --> 00:00:25,680 Speaker 1: my life. Um, A lot of you have said that 5 00:00:25,760 --> 00:00:28,080 Speaker 1: I talk a lot of topics that sound like Kiyosaki, 6 00:00:28,120 --> 00:00:30,360 Speaker 1: and so now you know why. So anyway, Robert, thank 7 00:00:30,400 --> 00:00:32,919 Speaker 1: you so much for joining us. Thank you, and I'm 8 00:00:33,040 --> 00:00:35,680 Speaker 1: I'm I'll send you a check for all all those 9 00:00:35,720 --> 00:00:38,920 Speaker 1: books you bought from me. Thank you. That's that's the 10 00:00:38,960 --> 00:00:42,640 Speaker 1: happiest part of this business. Yes, you know, I'm sure 11 00:00:42,720 --> 00:00:44,800 Speaker 1: for you too. When you see guys say thank you 12 00:00:44,880 --> 00:00:49,839 Speaker 1: it changed my life, it is. But when you can 13 00:00:49,880 --> 00:00:52,960 Speaker 1: actually improve somebody's life, that's the joke. That's the joy, 14 00:00:53,120 --> 00:00:55,520 Speaker 1: you know, it is it is. I get a lot 15 00:00:55,560 --> 00:00:58,200 Speaker 1: of comments like that, and I love everyone. Um yeah, 16 00:00:58,280 --> 00:01:01,360 Speaker 1: So what Robert's talking about. Before we started recording, I 17 00:01:01,440 --> 00:01:03,800 Speaker 1: was showing him my collection, which is not all of them. 18 00:01:03,840 --> 00:01:06,560 Speaker 1: This is just a parcel collection. These are the more 19 00:01:06,600 --> 00:01:08,840 Speaker 1: obscure books that I have of his that probably most 20 00:01:08,880 --> 00:01:11,399 Speaker 1: people haven't read. Um, so that's kind of what he's 21 00:01:11,400 --> 00:01:12,840 Speaker 1: talking about. But I have read a lot of what 22 00:01:12,880 --> 00:01:16,479 Speaker 1: you've done. Um. Normally, in the beginning, I asked people 23 00:01:16,480 --> 00:01:17,959 Speaker 1: to give us a kind of a background on who 24 00:01:17,959 --> 00:01:20,039 Speaker 1: they are. But you don't need that introduction, so it's 25 00:01:20,080 --> 00:01:23,000 Speaker 1: going to jump right into it. Um. As I said, 26 00:01:23,600 --> 00:01:26,400 Speaker 1: I told you offline. You know, your book was probably 27 00:01:26,520 --> 00:01:28,880 Speaker 1: one of two of the most influential ones for my life, 28 00:01:29,360 --> 00:01:33,120 Speaker 1: one being Think and Grow Rich and one being Rich Dad, 29 00:01:33,120 --> 00:01:36,000 Speaker 1: Poor Dad. And the reason why is because those books 30 00:01:36,400 --> 00:01:40,120 Speaker 1: weren't about tactics or anything specific. It was more about 31 00:01:40,120 --> 00:01:44,600 Speaker 1: a different way to think. And by changing my thinking, 32 00:01:45,000 --> 00:01:47,840 Speaker 1: it allowed me to now start to go get that 33 00:01:47,920 --> 00:01:51,279 Speaker 1: information that I needed on the more tactical level. Um. 34 00:01:51,320 --> 00:01:53,720 Speaker 1: And it seems like you're you know, you're an educator, 35 00:01:53,800 --> 00:01:55,680 Speaker 1: so you talk about things from a high level. Is 36 00:01:55,720 --> 00:01:57,640 Speaker 1: that how you see things? Like? You just want to 37 00:01:57,720 --> 00:02:01,720 Speaker 1: open people's minds so they can dive in. Are you 38 00:02:02,080 --> 00:02:05,360 Speaker 1: here that right on the head. It's not about what 39 00:02:05,400 --> 00:02:09,040 Speaker 1: to do, it's how to think. You know. The reason 40 00:02:09,200 --> 00:02:12,120 Speaker 1: so many people are in massive financial trouble today, I 41 00:02:12,120 --> 00:02:14,760 Speaker 1: mean he might have I was showing this picture here. 42 00:02:14,840 --> 00:02:17,079 Speaker 1: This is the story of my rich dad and poor dad. 43 00:02:17,160 --> 00:02:20,639 Speaker 1: You know, one had a financial state, one had a PhD. 44 00:02:20,800 --> 00:02:23,320 Speaker 1: That was poor dad, and that was the most important 45 00:02:23,360 --> 00:02:25,400 Speaker 1: thing in his life. He spent his life getting it. 46 00:02:26,160 --> 00:02:28,960 Speaker 1: And then this here is my rich dad. It was 47 00:02:28,960 --> 00:02:32,880 Speaker 1: a financial statement. And see my poor dad here when 48 00:02:32,919 --> 00:02:35,799 Speaker 1: he lost his job. He's an honest man, and he 49 00:02:35,919 --> 00:02:40,079 Speaker 1: was in politics. Unfortunately, you cannot be honest in politics. 50 00:02:40,160 --> 00:02:44,440 Speaker 1: He got his butt handed to him. And so that's 51 00:02:44,440 --> 00:02:46,960 Speaker 1: when I decided. I was in Vietnam at the time 52 00:02:47,000 --> 00:02:48,920 Speaker 1: when he got when he got me, lost his job, 53 00:02:50,160 --> 00:02:54,119 Speaker 1: and I realized I was going to follow this guy. Here. 54 00:02:54,600 --> 00:02:57,359 Speaker 1: It's a financial statement. This is your report card when 55 00:02:57,360 --> 00:03:00,000 Speaker 1: you grow up. But nine pc of the people don't 56 00:03:00,160 --> 00:03:03,280 Speaker 1: have a financial state. So anyway, the reason people are 57 00:03:03,280 --> 00:03:05,680 Speaker 1: in so much trouble as they do what people like 58 00:03:05,800 --> 00:03:09,320 Speaker 1: my we're dad taught them. They went to school, they 59 00:03:09,360 --> 00:03:12,200 Speaker 1: got a job, they work hard, they save money, they 60 00:03:12,240 --> 00:03:15,200 Speaker 1: pay taxes, and they invest in a four one K. 61 00:03:15,720 --> 00:03:21,760 Speaker 1: I'm going, holy moly, yeah, you're just losers. But you know, 62 00:03:21,800 --> 00:03:23,760 Speaker 1: I mean, Mark, you know how many years I've been 63 00:03:23,800 --> 00:03:27,840 Speaker 1: saying that, and I get attacked the good things social 64 00:03:27,840 --> 00:03:31,680 Speaker 1: media wasn't around earlier now because the mob would have 65 00:03:31,760 --> 00:03:33,800 Speaker 1: come after me, or what do you call those the trolls? 66 00:03:33,840 --> 00:03:37,080 Speaker 1: Would have just wipe me out. Cancel mob, cancel culture, 67 00:03:37,560 --> 00:03:42,920 Speaker 1: cancel culture. Yeah. Yeah, yeah, So it is how you 68 00:03:43,080 --> 00:03:47,960 Speaker 1: think and that's nothing to do about anything else. Yeah, 69 00:03:48,000 --> 00:03:50,520 Speaker 1: And that's exactly right. And I think so many people 70 00:03:50,600 --> 00:03:53,040 Speaker 1: missed that. I see them commenting on my videos and 71 00:03:53,040 --> 00:03:56,040 Speaker 1: I see them. I've got several hundred comments of people 72 00:03:56,120 --> 00:03:59,280 Speaker 1: telling me or giving me ideas of questions to ask you. 73 00:03:59,400 --> 00:04:01,119 Speaker 1: And a lot of people wonder why you don't get 74 00:04:01,120 --> 00:04:04,400 Speaker 1: more specific. But it's not about giving people to fish, right, 75 00:04:04,400 --> 00:04:06,920 Speaker 1: It's about teaching people how to fish, because if you 76 00:04:06,920 --> 00:04:09,360 Speaker 1: know how to fish, will never go hungry. Right. I 77 00:04:09,640 --> 00:04:12,560 Speaker 1: guess that's it's more than that you ever come to 78 00:04:12,600 --> 00:04:15,320 Speaker 1: my office, which I think you and George Gammon will 79 00:04:15,360 --> 00:04:18,479 Speaker 1: be in town and Phoenix and say you'll come and 80 00:04:18,520 --> 00:04:22,800 Speaker 1: see I have a big bust of Einstein, Okay, And 81 00:04:22,360 --> 00:04:27,240 Speaker 1: and and it says imagination is more important than knowledge. 82 00:04:27,760 --> 00:04:33,640 Speaker 1: They think about imagination knowledge life, and what happens is 83 00:04:33,680 --> 00:04:39,000 Speaker 1: without that knowledge, you can't convert your imagination. See knowledge 84 00:04:39,080 --> 00:04:43,520 Speaker 1: processes imagination. So what I do and what you do 85 00:04:43,720 --> 00:04:47,760 Speaker 1: is we have the knowledge to take what we think 86 00:04:47,800 --> 00:04:52,320 Speaker 1: about think and grow Rich was a fabulous book and 87 00:04:52,520 --> 00:04:55,160 Speaker 1: we confort out to cash. But the average person, since 88 00:04:55,160 --> 00:04:57,800 Speaker 1: they don't have that knowledge because they went to school, 89 00:04:57,800 --> 00:05:00,800 Speaker 1: they got a job, they save money to get out 90 00:05:00,800 --> 00:05:03,120 Speaker 1: of debt and then invest in the stock market. You 91 00:05:03,160 --> 00:05:05,840 Speaker 1: know what, they're four oh one k. They lack knowledge. 92 00:05:06,960 --> 00:05:10,320 Speaker 1: That's the problem, and so they want us to give 93 00:05:10,360 --> 00:05:13,960 Speaker 1: them the answer. And it's infinite. You know, there's so 94 00:05:14,000 --> 00:05:17,000 Speaker 1: many different ways you can get rich. Why would you 95 00:05:17,040 --> 00:05:21,440 Speaker 1: follow my way? Right? Yeah, that's a great point. Um, 96 00:05:21,600 --> 00:05:24,000 Speaker 1: there're so just for all the listeners right now, there's 97 00:05:24,040 --> 00:05:26,320 Speaker 1: so many questions that I have um to ask you 98 00:05:26,320 --> 00:05:27,800 Speaker 1: that we're going to try and get through. So if 99 00:05:27,800 --> 00:05:30,960 Speaker 1: you're listening, we're gonna talk about how to use business 100 00:05:31,000 --> 00:05:34,160 Speaker 1: and investing for cash flow. We're gonna dig into gold, 101 00:05:34,320 --> 00:05:37,279 Speaker 1: We're gonna talk about bitcoin and other digital currencies. I 102 00:05:37,279 --> 00:05:39,440 Speaker 1: want to talk about where we see the market going 103 00:05:39,520 --> 00:05:41,920 Speaker 1: and what we should be doing to diversify and protect ourselves. 104 00:05:42,360 --> 00:05:44,400 Speaker 1: But before we dive into that, you just brought up 105 00:05:44,400 --> 00:05:45,800 Speaker 1: a good point that I want to ask you about. 106 00:05:45,800 --> 00:05:47,920 Speaker 1: It wasn't on my list of questions, but you've been 107 00:05:48,040 --> 00:05:50,840 Speaker 1: an educator for a long time, and you talk about 108 00:05:50,920 --> 00:05:53,960 Speaker 1: how the system was giving us the wrong information go 109 00:05:54,000 --> 00:05:56,960 Speaker 1: to school, get a good job, safer retirement, and that's broken. 110 00:05:57,000 --> 00:05:59,440 Speaker 1: And we know it's broken because half of baby boomers 111 00:05:59,480 --> 00:06:03,760 Speaker 1: have zero dollars of savings. It didn't work. So my 112 00:06:03,880 --> 00:06:07,039 Speaker 1: question is, um, you've been doing this education for a 113 00:06:07,080 --> 00:06:09,400 Speaker 1: long time because people have been hearing and learning the 114 00:06:09,440 --> 00:06:11,640 Speaker 1: wrong thing for a long time. But how has it 115 00:06:11,760 --> 00:06:14,840 Speaker 1: changed over the last twenty or so years you've been 116 00:06:14,839 --> 00:06:18,400 Speaker 1: doing this. It seems to me that the education gap 117 00:06:18,520 --> 00:06:21,280 Speaker 1: as getting worse and not better. What do you see? 118 00:06:21,880 --> 00:06:24,720 Speaker 1: You're asking a very loaded question because I'll probably get 119 00:06:24,839 --> 00:06:29,200 Speaker 1: pillared by the trolls. You know, I know you're not afraid. Well, 120 00:06:29,240 --> 00:06:31,599 Speaker 1: I was, Like I said, I went to Vietnam twice 121 00:06:31,720 --> 00:06:36,200 Speaker 1: nineteen sixty six and the nine it was in Vietnam 122 00:06:36,440 --> 00:06:40,160 Speaker 1: where I actually discovered gold. You know, my fresh dad said, hey, 123 00:06:40,160 --> 00:06:42,640 Speaker 1: watch out, mixing took the dollar off the gold standard 124 00:06:43,000 --> 00:06:45,960 Speaker 1: and also pilot off the aircraft carriers. And so my 125 00:06:46,240 --> 00:06:49,120 Speaker 1: co palette I flew behind under the lines proving Moraines 126 00:06:49,160 --> 00:06:52,720 Speaker 1: aren't the brightest guys on earth. Because the n v A, 127 00:06:52,760 --> 00:06:55,039 Speaker 1: the rothe his arm I had overrun the gold mine. 128 00:06:56,640 --> 00:06:58,719 Speaker 1: What the heck? You know, we'll just go unarmed and 129 00:06:58,760 --> 00:07:02,360 Speaker 1: we'll go out there with money my captain's So we 130 00:07:02,440 --> 00:07:05,679 Speaker 1: went up to the gold window and she turned us down. 131 00:07:06,680 --> 00:07:09,680 Speaker 1: And what the heck is going on here? So that's 132 00:07:09,720 --> 00:07:16,120 Speaker 1: where my education really really began by making mistakes. But 133 00:07:16,840 --> 00:07:20,400 Speaker 1: I never thought it would get this bad. I cannot 134 00:07:20,520 --> 00:07:24,280 Speaker 1: believe how much money we've printed. I knew you never 135 00:07:24,360 --> 00:07:27,520 Speaker 1: printing money. In seventy two, that's when I bought my 136 00:07:27,560 --> 00:07:30,040 Speaker 1: first goal coin as a cruger and in Hong Kong 137 00:07:30,080 --> 00:07:33,239 Speaker 1: because it was illegal for Americans to own goal until 138 00:07:33,280 --> 00:07:36,600 Speaker 1: seventy So I buy my Cruger and I'm not a 139 00:07:36,680 --> 00:07:41,080 Speaker 1: criminal to smuggle this little goal coin into America, and 140 00:07:41,080 --> 00:07:45,920 Speaker 1: I'm going kipasa. You know what's happening in America? What 141 00:07:46,320 --> 00:07:49,680 Speaker 1: I had no idea how much money they would print, 142 00:07:50,720 --> 00:07:52,840 Speaker 1: you know, the FED and the Treasury and on Wall 143 00:07:52,840 --> 00:07:57,480 Speaker 1: Street and the banks. It's it's a criminal cartel. It is. 144 00:07:58,040 --> 00:08:00,320 Speaker 1: George Gavin and I were just in jackal One, where 145 00:08:00,320 --> 00:08:05,040 Speaker 1: the FED was created. It was kind of, oh my god, 146 00:08:05,120 --> 00:08:08,400 Speaker 1: this is the place, you know. Yeah, but we have 147 00:08:08,480 --> 00:08:10,920 Speaker 1: to have we have to wake up because we're being 148 00:08:11,000 --> 00:08:15,440 Speaker 1: ripped off, pure and simple. We're being screwed by the FED, 149 00:08:16,120 --> 00:08:20,880 Speaker 1: by the banks, by Wall Street and everybody else. Yeah, 150 00:08:21,040 --> 00:08:23,640 Speaker 1: and what I like to say is that no one's 151 00:08:23,720 --> 00:08:26,160 Speaker 1: coming to save you. As a matter of fact, the 152 00:08:26,200 --> 00:08:29,480 Speaker 1: system is loaded against you, and so we need to 153 00:08:29,520 --> 00:08:33,000 Speaker 1: take responsibility for our own selves in order to set 154 00:08:33,000 --> 00:08:38,480 Speaker 1: ourselves up and almost against the world that's working against us. Right, Um, 155 00:08:38,520 --> 00:08:40,480 Speaker 1: so let's let's talk about that a little bit. So 156 00:08:40,600 --> 00:08:44,560 Speaker 1: your framework is really built off of this cash flow quadrant, 157 00:08:44,640 --> 00:08:46,400 Speaker 1: which really says, you know, if you're stuck in as 158 00:08:46,440 --> 00:08:48,599 Speaker 1: an employee, you're never going to get ahead, and you 159 00:08:48,640 --> 00:08:51,079 Speaker 1: need to kind of move through the quadrant. And really 160 00:08:51,080 --> 00:08:53,439 Speaker 1: it's the right side of the quadrant or we want 161 00:08:53,440 --> 00:08:56,839 Speaker 1: to be, which is a business owner and then an investor, 162 00:08:57,520 --> 00:08:59,040 Speaker 1: And so that's where we should be trying to get to. 163 00:08:59,120 --> 00:09:01,480 Speaker 1: We want to be have a business to earn income 164 00:09:01,520 --> 00:09:03,800 Speaker 1: and then investing the income that comes in, and that's 165 00:09:03,800 --> 00:09:06,320 Speaker 1: the secret, right. Yeah, So let let make sure this 166 00:09:06,440 --> 00:09:11,640 Speaker 1: is rich dad, poor dad, diploma versus financial statement. And 167 00:09:11,800 --> 00:09:14,440 Speaker 1: this here is book number two is a casual quadrant. 168 00:09:14,720 --> 00:09:16,679 Speaker 1: So I like pictures. You know, I flunked that high 169 00:09:16,679 --> 00:09:21,000 Speaker 1: school twice, like George, we're not good at school. But anyway, 170 00:09:21,320 --> 00:09:23,319 Speaker 1: this is poor dad over here, go to school and 171 00:09:23,320 --> 00:09:26,320 Speaker 1: get a job. And my mom wanted to become a doctor, 172 00:09:26,360 --> 00:09:30,000 Speaker 1: you know, a specialist. And I said, hey mom, I'm 173 00:09:30,000 --> 00:09:32,040 Speaker 1: flunking out of school. She goes, you're right, you better 174 00:09:32,040 --> 00:09:34,520 Speaker 1: not because don't become a doctor, you're not gonna make it, 175 00:09:34,600 --> 00:09:37,800 Speaker 1: you know. And so this is my mom and dad's side, 176 00:09:37,920 --> 00:09:41,199 Speaker 1: and this was rich dad's side here. So B stands 177 00:09:41,200 --> 00:09:45,120 Speaker 1: for big business five employees or more. But mark there's 178 00:09:45,160 --> 00:09:47,920 Speaker 1: one more word attached to that is called a brand. 179 00:09:49,040 --> 00:09:51,880 Speaker 1: You see when when when people ask me, what is 180 00:09:52,000 --> 00:09:54,800 Speaker 1: what are you? What's your net worth? I said, what 181 00:09:54,920 --> 00:10:00,040 Speaker 1: is my brand? Worth? Right? It's worth billions because I 182 00:10:00,080 --> 00:10:02,200 Speaker 1: am all over the world that's not in the state. 183 00:10:03,280 --> 00:10:07,400 Speaker 1: And I stands for inside investor. You see, when you 184 00:10:07,480 --> 00:10:12,120 Speaker 1: buy a stock border mutual fund, you're outside. And so 185 00:10:12,240 --> 00:10:15,239 Speaker 1: the thing is is I always wanted to be the inside. 186 00:10:15,960 --> 00:10:18,360 Speaker 1: So my poor, my poor dad and my poor mom 187 00:10:18,520 --> 00:10:22,000 Speaker 1: are great people. They're always on the outside. They didn't 188 00:10:22,040 --> 00:10:25,000 Speaker 1: know how they're being screwed. And so what I had 189 00:10:25,040 --> 00:10:27,040 Speaker 1: to do, you know, once I bought that gold coin 190 00:10:27,080 --> 00:10:30,959 Speaker 1: in Hong Kong after flying looking for a golden Vietnam, 191 00:10:31,000 --> 00:10:33,360 Speaker 1: I wanted to come across onto this side. This was 192 00:10:33,480 --> 00:10:36,439 Speaker 1: rich dad side, right, So I knew I had to 193 00:10:36,520 --> 00:10:39,720 Speaker 1: build a brand. Now. It took me years to do it. 194 00:10:39,760 --> 00:10:43,320 Speaker 1: I failed so many times. But you know, I don't know. 195 00:10:43,600 --> 00:10:45,600 Speaker 1: People don't even know. It's New York Times took me 196 00:10:45,640 --> 00:10:47,439 Speaker 1: off the best seller list because I was on for 197 00:10:47,440 --> 00:10:50,720 Speaker 1: almost seven years. I said I'd be fair. Let somebody 198 00:10:50,760 --> 00:10:53,480 Speaker 1: else get on there. It's still on the best seller 199 00:10:53,559 --> 00:10:57,920 Speaker 1: list internationally. But you know those comic pink called liberal left, 200 00:10:59,520 --> 00:11:03,480 Speaker 1: for that's just Marxist. They don't like it if you're 201 00:11:03,520 --> 00:11:07,079 Speaker 1: talking about capitalism and getting it rich hate. You know, 202 00:11:07,120 --> 00:11:11,640 Speaker 1: they'd rather have you aoc Causio Quartez and Bernie Sanders 203 00:11:11,679 --> 00:11:14,400 Speaker 1: and all that. And they're entitled to their point of view, right, 204 00:11:14,559 --> 00:11:17,040 Speaker 1: I'm a capitalist, I'm not a socialist, and I was 205 00:11:17,120 --> 00:11:20,439 Speaker 1: killing communists. So if I want to kill communists, I 206 00:11:20,440 --> 00:11:25,280 Speaker 1: should just come home to the States right here. I 207 00:11:25,440 --> 00:11:28,439 Speaker 1: don't get read for that one too, you know. Yeah, well, 208 00:11:28,520 --> 00:11:31,319 Speaker 1: so we we want to move to the right side 209 00:11:31,360 --> 00:11:33,320 Speaker 1: of that, which is the business owner. So we want 210 00:11:33,320 --> 00:11:36,560 Speaker 1: to have a business that gives us leverage um over 211 00:11:36,600 --> 00:11:39,160 Speaker 1: our time, over other people's time, and allows us to 212 00:11:39,160 --> 00:11:41,400 Speaker 1: create the income and then take the income and invest 213 00:11:41,440 --> 00:11:45,240 Speaker 1: it into the investment quadrant, which is then should be 214 00:11:45,320 --> 00:11:47,480 Speaker 1: providing us with cash flow to live so we don't 215 00:11:47,520 --> 00:11:51,280 Speaker 1: have to work anymore. Well, I think you're already doing it, Jorge. 216 00:11:51,600 --> 00:11:58,880 Speaker 1: You know, Mark, that's my business. I build assets, right, 217 00:11:59,440 --> 00:12:02,400 Speaker 1: So you look at rich Dad, poor dead. I have 218 00:12:02,520 --> 00:12:06,000 Speaker 1: no money into the book, and it sells a million 219 00:12:06,040 --> 00:12:09,440 Speaker 1: copies a year at five dollars a book. Now the 220 00:12:09,520 --> 00:12:12,880 Speaker 1: math is tough. That's five million dollars a year just 221 00:12:12,960 --> 00:12:17,680 Speaker 1: from one book. So the cash is flowing this way. 222 00:12:18,080 --> 00:12:21,000 Speaker 1: The reason I went into real estate is because I'm 223 00:12:21,040 --> 00:12:24,439 Speaker 1: an insert I cannot do this in stocks. So I 224 00:12:24,559 --> 00:12:27,720 Speaker 1: come onto the inside here and so let's have a 225 00:12:27,760 --> 00:12:31,120 Speaker 1: million here. I come down here, and I'm marryed with 226 00:12:31,240 --> 00:12:34,760 Speaker 1: four million dollars in debt. So I buy a five 227 00:12:34,840 --> 00:12:39,920 Speaker 1: million dollar real estate property. That throws off cash flow. Right. 228 00:12:40,600 --> 00:12:43,760 Speaker 1: But because I've stepped up my basis from one million 229 00:12:44,040 --> 00:12:48,040 Speaker 1: to five million, but four million in debt, I depreciate it. 230 00:12:48,800 --> 00:12:52,600 Speaker 1: And because I depreciate it, I pay no taxes. And 231 00:12:52,679 --> 00:12:55,000 Speaker 1: that's what Trump is saying. And they said, you only 232 00:12:55,040 --> 00:12:59,760 Speaker 1: pay seven hundred fifty dollars in taxes. I said, because 233 00:12:59,760 --> 00:13:02,720 Speaker 1: he's a real estate guy right on the reasons you 234 00:13:02,760 --> 00:13:05,559 Speaker 1: get into real estate. It's not two reasons for real 235 00:13:05,679 --> 00:13:09,760 Speaker 1: estate debt. I used debt to buy and then I 236 00:13:09,840 --> 00:13:12,720 Speaker 1: pay no taxes and then the cash flow is tax free. 237 00:13:13,400 --> 00:13:17,040 Speaker 1: It's common sense. But that's what my rich dad taught me, 238 00:13:17,440 --> 00:13:19,480 Speaker 1: and my poor dad and mom on this side is 239 00:13:19,520 --> 00:13:21,640 Speaker 1: to get a job and go to school and work 240 00:13:21,679 --> 00:13:24,840 Speaker 1: hard and save money and pay taxes. That's not what 241 00:13:24,880 --> 00:13:26,679 Speaker 1: I want to do. But it's a free country. You 242 00:13:26,679 --> 00:13:28,440 Speaker 1: can do what you want to do. Yeah, you can. 243 00:13:28,720 --> 00:13:33,160 Speaker 1: Everyone's free to overpay if they want. Um. Years ago, Um, 244 00:13:33,360 --> 00:13:36,640 Speaker 1: one of your rich dad advisors had wrote this book, 245 00:13:37,600 --> 00:13:41,040 Speaker 1: and uh, this book was very eye opening and uh 246 00:13:41,320 --> 00:13:43,480 Speaker 1: kind of influential in my life as well. And I 247 00:13:43,559 --> 00:13:46,120 Speaker 1: and I and I marked this book up with hundreds 248 00:13:46,160 --> 00:13:47,880 Speaker 1: of little notes, and I gave it to my c 249 00:13:48,040 --> 00:13:54,280 Speaker 1: p A and he's like, yeah, I'm like what so 250 00:13:54,400 --> 00:13:56,040 Speaker 1: when you talk about taxes, that makes sense, but I 251 00:13:56,040 --> 00:13:58,839 Speaker 1: don't want to dig into the tax I'm so glad 252 00:13:58,880 --> 00:14:02,360 Speaker 1: you said that. You see, most people think they're CPAs 253 00:14:02,360 --> 00:14:05,720 Speaker 1: are smart, right, you see, most c p a s 254 00:14:05,960 --> 00:14:11,800 Speaker 1: are on this side. They don't understand this. It's really 255 00:14:11,840 --> 00:14:14,520 Speaker 1: how this is this is how you look at the world. 256 00:14:15,679 --> 00:14:19,040 Speaker 1: And I've gone through so many c p a s 257 00:14:20,280 --> 00:14:23,440 Speaker 1: because you know, they're the village idiots. I want you 258 00:14:23,520 --> 00:14:26,240 Speaker 1: to pay taxes, I said. The only only one reason 259 00:14:26,280 --> 00:14:29,800 Speaker 1: I hire an account because I don't want to pay taxes. 260 00:14:30,600 --> 00:14:32,640 Speaker 1: And so I would go and hire these accountants. And 261 00:14:32,640 --> 00:14:35,040 Speaker 1: they say the best way what you should do is 262 00:14:35,040 --> 00:14:39,440 Speaker 1: pay more taxes, and I said, you're fired. If you 263 00:14:39,440 --> 00:14:44,440 Speaker 1: can understand that, if your listeners can understand that, you've 264 00:14:44,480 --> 00:14:47,720 Speaker 1: got to choose your advisors very wisely. So it's very 265 00:14:47,760 --> 00:14:50,960 Speaker 1: smart of you to buy that book because Trump and 266 00:14:51,000 --> 00:14:55,720 Speaker 1: I don't pay taxes legally. And now people go nuts 267 00:14:55,760 --> 00:14:58,120 Speaker 1: and said, well, you're an American and all that is 268 00:14:58,200 --> 00:15:01,600 Speaker 1: a Hey, sweetheart, I went to Vietnam twice. You call 269 00:15:01,640 --> 00:15:03,800 Speaker 1: me out American, I'll kill you. Yeah. I mean, it's 270 00:15:03,840 --> 00:15:06,880 Speaker 1: just the way Marines think. Yeah, it's not that you're 271 00:15:06,880 --> 00:15:11,440 Speaker 1: an American, you're uneducated. Yeah. And you know, I've made 272 00:15:11,480 --> 00:15:14,360 Speaker 1: the point that, um, the government's your partner, whether you 273 00:15:14,400 --> 00:15:16,040 Speaker 1: like it or not. They're gonna take half your income 274 00:15:16,120 --> 00:15:19,359 Speaker 1: or whatever that percentage is. But the government has policies 275 00:15:19,440 --> 00:15:21,640 Speaker 1: and they're trying to get people housing to live in 276 00:15:21,640 --> 00:15:23,640 Speaker 1: and they're trying to get people jobs, and so they 277 00:15:23,680 --> 00:15:26,760 Speaker 1: have these policies and um. In order to get people 278 00:15:26,760 --> 00:15:30,480 Speaker 1: to do those things, they offer them incentives. It's the character, right, 279 00:15:30,680 --> 00:15:33,840 Speaker 1: So if you help us provide housing for low income people, 280 00:15:33,840 --> 00:15:36,360 Speaker 1: will give you tax breaks. If you provide jobs, will 281 00:15:36,360 --> 00:15:39,320 Speaker 1: give you tax breaks. And not only that, if you 282 00:15:39,400 --> 00:15:43,120 Speaker 1: drill for oil, we'll give your big tax breaks because 283 00:15:43,240 --> 00:15:47,240 Speaker 1: oil lobby is very, very strong, right, So I like 284 00:15:47,320 --> 00:15:49,880 Speaker 1: to look at them not as loopholes, which seems like 285 00:15:49,880 --> 00:15:51,760 Speaker 1: a dirty word, like you're trying to sneak out of it. 286 00:15:51,800 --> 00:15:54,000 Speaker 1: But really, I'm just doing what the government wants me 287 00:15:54,040 --> 00:15:57,080 Speaker 1: to do. They're incentivizing me to do. Hey, Mark, take 288 00:15:57,120 --> 00:16:01,360 Speaker 1: all the other show, you got it. I'm very you know, 289 00:16:01,400 --> 00:16:05,400 Speaker 1: there was an all all TV programs starting with Kikumo 290 00:16:05,400 --> 00:16:09,040 Speaker 1: with David karedy okay uh and then and so the 291 00:16:09,160 --> 00:16:13,720 Speaker 1: old mass so says grasshopper. Right, So so Carrotane was 292 00:16:13,720 --> 00:16:17,040 Speaker 1: a grasshopper going across American West killing people with his hands. 293 00:16:18,080 --> 00:16:21,640 Speaker 1: But yeah, very good, grasshopper, you got it, Thank you, 294 00:16:21,680 --> 00:16:24,320 Speaker 1: thank you. It means a lot now I'm digging through that. So, 295 00:16:24,400 --> 00:16:26,640 Speaker 1: being a business owner and an investor, we were really 296 00:16:26,800 --> 00:16:30,400 Speaker 1: looking to invest into. As you said, assets, So obviously 297 00:16:30,480 --> 00:16:34,280 Speaker 1: businesses are assets and intellectual property in your businesses assets. Um. 298 00:16:34,280 --> 00:16:36,360 Speaker 1: You've obviously talked a lot about real estate and getting 299 00:16:36,400 --> 00:16:39,160 Speaker 1: cash flow. Um, what are some other assets that you like? 300 00:16:39,240 --> 00:16:43,080 Speaker 1: I know recently you started to talk a lot about gold. Um. Well, 301 00:16:43,120 --> 00:16:46,280 Speaker 1: I started, I started buying. I started in silver in 302 00:16:46,400 --> 00:16:49,160 Speaker 1: nineteen sixty four. Reason sixty four is a key date. 303 00:16:49,760 --> 00:16:52,560 Speaker 1: That was a year they turned. They took the US 304 00:16:52,600 --> 00:16:56,880 Speaker 1: silver coins, and they did exactly as the Roman the 305 00:16:57,000 --> 00:16:59,920 Speaker 1: Romans did in the Roman Empire. They based it. They 306 00:17:00,040 --> 00:17:03,720 Speaker 1: asked nicol and other cheap base medals. That's why it's 307 00:17:03,720 --> 00:17:07,280 Speaker 1: called base debasing. So all of a sudden, I'm I'm 308 00:17:07,280 --> 00:17:09,359 Speaker 1: a little kid in seventeen years old. I'm looking at 309 00:17:09,440 --> 00:17:13,639 Speaker 1: my coins and they got compert tintions wrong, and that 310 00:17:13,640 --> 00:17:17,240 Speaker 1: that went into Gresslam's law. And Greslam's law says when 311 00:17:17,280 --> 00:17:21,320 Speaker 1: fake money enters a system, good money goes into hiding. 312 00:17:21,359 --> 00:17:23,280 Speaker 1: So I didn't know this. You know, I'm just a 313 00:17:23,280 --> 00:17:26,080 Speaker 1: little kid in a little town called Heilo, Hawaii. I 314 00:17:26,160 --> 00:17:29,000 Speaker 1: take my dollar, I go down to the bank and 315 00:17:29,040 --> 00:17:31,080 Speaker 1: I buy a roll of dimes and stuff like this, 316 00:17:31,600 --> 00:17:34,560 Speaker 1: and I'd sit there and look for the real silver coins, 317 00:17:34,960 --> 00:17:36,840 Speaker 1: and I would take them aside and I give the 318 00:17:36,920 --> 00:17:41,159 Speaker 1: coins back. I give the fake coins back to my banker. 319 00:17:41,240 --> 00:17:43,919 Speaker 1: It was my neighbor. I have no idea what I 320 00:17:43,960 --> 00:17:45,520 Speaker 1: was doing, says, why are you collecting these? Guy says, 321 00:17:45,520 --> 00:17:48,080 Speaker 1: I'm a coin collector. But what I was doing was 322 00:17:48,119 --> 00:17:52,360 Speaker 1: saving a a bag full of base medals, dimes, quarters, 323 00:17:52,400 --> 00:17:55,840 Speaker 1: half dollars. They were real silver. And today you can 324 00:17:55,880 --> 00:17:59,440 Speaker 1: buy the bags of that stuff because it's more valuable 325 00:17:59,520 --> 00:18:01,720 Speaker 1: than the fake silver coins that came out in the 326 00:18:01,720 --> 00:18:05,560 Speaker 1: sixty four And then that's when in Vietnam, I was 327 00:18:05,680 --> 00:18:08,560 Speaker 1: flying out there and I went Americ gonna look for gold, 328 00:18:08,600 --> 00:18:10,560 Speaker 1: and I had no idea what gold looked like because 329 00:18:10,840 --> 00:18:13,840 Speaker 1: up until seven four, it was illegal for Americans to 330 00:18:13,880 --> 00:18:18,359 Speaker 1: own gold. So today I save silver, gold, and bitcoin 331 00:18:18,800 --> 00:18:24,360 Speaker 1: because they're outside the Fed Wall Street and the banking system. 332 00:18:24,400 --> 00:18:27,159 Speaker 1: I am an outsider. I am a rebel outside. I 333 00:18:27,200 --> 00:18:31,639 Speaker 1: refused to get sucked into that swamp. You know. So 334 00:18:31,640 --> 00:18:34,000 Speaker 1: so so in the in the cash flow quadrant on 335 00:18:34,000 --> 00:18:36,640 Speaker 1: the investor, you want to be the insider, but when 336 00:18:36,640 --> 00:18:39,240 Speaker 1: it comes to getting out of the monetary system, you 337 00:18:39,240 --> 00:18:41,439 Speaker 1: want to be an outsider. Correct. I want to. I 338 00:18:41,440 --> 00:18:44,119 Speaker 1: want nothing to do with the monetary or the stock market. 339 00:18:44,320 --> 00:18:46,879 Speaker 1: There's nothing wrong with the stock market. I don't like 340 00:18:46,960 --> 00:18:49,600 Speaker 1: to play it because I'm not good at it. I'm 341 00:18:49,640 --> 00:18:52,440 Speaker 1: taking two companies public, and you know, like they say, 342 00:18:53,760 --> 00:18:56,760 Speaker 1: once you see sausage being made, you'll never eat the stuff, 343 00:18:57,359 --> 00:18:59,840 Speaker 1: all right? You ever saw what went into taking a 344 00:19:00,000 --> 00:19:03,159 Speaker 1: company public through an I p O. I won't touch stocks. 345 00:19:03,200 --> 00:19:07,800 Speaker 1: It's it's completely manipulated. Okay, I'm a control freak, right, 346 00:19:08,080 --> 00:19:10,520 Speaker 1: That's why I stay small. I want to. I want 347 00:19:10,520 --> 00:19:14,000 Speaker 1: to hold onto my goal sover bitcoin. I don't want 348 00:19:14,080 --> 00:19:17,159 Speaker 1: gold sover ets. Nothing wrong with them, but they're playing 349 00:19:17,160 --> 00:19:20,960 Speaker 1: games with them. Sure, and yeah, the golden silver ets 350 00:19:21,040 --> 00:19:23,320 Speaker 1: are definitely something they're playing games with and you can't 351 00:19:23,359 --> 00:19:25,440 Speaker 1: trust that they're really backed by gold and those things. 352 00:19:25,680 --> 00:19:30,120 Speaker 1: What about gold mining stocks which are paper and their stocks, well, 353 00:19:30,280 --> 00:19:32,639 Speaker 1: like I said, once you see sausage being made, you 354 00:19:32,680 --> 00:19:36,040 Speaker 1: don't touch it. You know even that? No, no, no, 355 00:19:36,160 --> 00:19:38,680 Speaker 1: I have. I have a lot of gold mining stocks, 356 00:19:38,680 --> 00:19:41,520 Speaker 1: I have silver stocks those things. Some of them might 357 00:19:41,560 --> 00:19:44,800 Speaker 1: buy through ets simply because I'm not good at it. 358 00:19:45,800 --> 00:19:48,639 Speaker 1: But I took two companies public, one from Argentina, one 359 00:19:48,720 --> 00:19:51,800 Speaker 1: from China, and the gold mine in China still in China. 360 00:19:51,840 --> 00:19:54,280 Speaker 1: They took it from me. Yeah. So when they when 361 00:19:54,280 --> 00:19:58,080 Speaker 1: they say Chinese steal intellectual property, Chinese still steal anything 362 00:19:58,080 --> 00:20:04,159 Speaker 1: a little fastwards. Yeah. So, um, so you like gold 363 00:20:04,560 --> 00:20:07,199 Speaker 1: because it's an it's outside the financial system. And I'm 364 00:20:07,240 --> 00:20:10,679 Speaker 1: guessing that's because you see the financial system heading towards 365 00:20:10,760 --> 00:20:14,879 Speaker 1: ruin uh finance, a final collapse. Um and which if 366 00:20:14,920 --> 00:20:16,920 Speaker 1: you're in that system and you're going to be affected. 367 00:20:16,920 --> 00:20:19,600 Speaker 1: And if you're outside the system, that's your life boat. Yeah, 368 00:20:20,040 --> 00:20:22,840 Speaker 1: I want control of my life. Let me show you 369 00:20:22,880 --> 00:20:26,600 Speaker 1: another picture here. Okay, this is this is the financial 370 00:20:26,640 --> 00:20:30,280 Speaker 1: statement I talked about, right, this is poor debt. It's 371 00:20:30,280 --> 00:20:32,480 Speaker 1: always get a job and get a high paying job, 372 00:20:33,080 --> 00:20:38,040 Speaker 1: you know, high high paying income here and always safe money. 373 00:20:38,560 --> 00:20:40,880 Speaker 1: But this was rich do out here. You want assets? 374 00:20:41,160 --> 00:20:45,440 Speaker 1: I want to control my assets. I don't. I don't 375 00:20:45,480 --> 00:20:47,680 Speaker 1: want this to be full of stock sponsor mutual funds 376 00:20:47,680 --> 00:20:50,800 Speaker 1: and at s. I want assets that I created an 377 00:20:50,800 --> 00:20:54,200 Speaker 1: eye control. I'm a control figure that way. No, I'm 378 00:20:54,240 --> 00:20:55,719 Speaker 1: not saying it's the right way or the wrong way. 379 00:20:55,720 --> 00:20:57,720 Speaker 1: I could have made more money, you know, playing Amazon 380 00:20:57,800 --> 00:21:00,440 Speaker 1: and all the other stuff. Like I love Apple of Amazon, 381 00:21:00,960 --> 00:21:04,080 Speaker 1: I just don't like stocks because of two manipulate, I 382 00:21:04,119 --> 00:21:07,200 Speaker 1: want to manipulated. I don't want that manipulate. I want 383 00:21:07,200 --> 00:21:11,080 Speaker 1: to manipulate it. Right. So, and I'm doing really good 384 00:21:11,280 --> 00:21:15,000 Speaker 1: simply because what's my brand worth? Right? You have a 385 00:21:15,040 --> 00:21:19,480 Speaker 1: big intellectual property, Yeah, but the brand is beyond anything. 386 00:21:19,720 --> 00:21:22,000 Speaker 1: That's like, I'm ask you this, how much is the 387 00:21:22,080 --> 00:21:25,960 Speaker 1: brand Apple worth? How much is Coca Cola worth? Right? 388 00:21:26,200 --> 00:21:28,800 Speaker 1: And that's what the average person who went to school 389 00:21:28,800 --> 00:21:31,520 Speaker 1: and got a job doesn't understand as the power of 390 00:21:31,560 --> 00:21:36,800 Speaker 1: the brand. Hm. And you know, brands are billions of dollars. 391 00:21:37,400 --> 00:21:40,840 Speaker 1: And that's actually central to Warren Buffets investing thesis, which 392 00:21:40,880 --> 00:21:43,280 Speaker 1: is he wants to invest into companies that have what 393 00:21:43,320 --> 00:21:46,240 Speaker 1: he calls economic goodwill or he wants that brand to 394 00:21:46,280 --> 00:21:49,080 Speaker 1: be there so they can command an oversized premium in 395 00:21:49,119 --> 00:21:52,399 Speaker 1: the market without having to continue to invest more money. 396 00:21:53,680 --> 00:21:56,000 Speaker 1: You got it. And so what happens for these guys 397 00:21:56,040 --> 00:22:00,639 Speaker 1: here they never learned how to build a brand. You 398 00:22:00,720 --> 00:22:03,560 Speaker 1: have to cross over onto this side to build a brand. 399 00:22:04,280 --> 00:22:07,719 Speaker 1: And because I have a brand, you know, when I 400 00:22:07,760 --> 00:22:15,720 Speaker 1: announced a book, I sell fifty licenses like in Chinese, Japanese, Filipino, 401 00:22:15,840 --> 00:22:19,639 Speaker 1: I mean in Spanish, and the money just pours in 402 00:22:19,880 --> 00:22:22,679 Speaker 1: because I have a brand. All I have to do 403 00:22:22,840 --> 00:22:24,159 Speaker 1: is that I have a new book and have a 404 00:22:24,200 --> 00:22:28,439 Speaker 1: new one coming out next year, and I money pours in. 405 00:22:29,320 --> 00:22:31,920 Speaker 1: But that's because it's a brand. And guess how much 406 00:22:31,920 --> 00:22:37,280 Speaker 1: money do I put into that book. None, because the publisher, 407 00:22:37,359 --> 00:22:40,199 Speaker 1: let's say the publisher in China, has to send me 408 00:22:40,280 --> 00:22:44,800 Speaker 1: the check and then they send me a royalties. It's 409 00:22:44,800 --> 00:22:48,760 Speaker 1: called an infinite return. But that's what I was trained 410 00:22:48,800 --> 00:22:51,600 Speaker 1: to do by my rich dad, whereas my poor dad, 411 00:22:52,960 --> 00:22:55,960 Speaker 1: you know. And and in today's day and age, it's 412 00:22:55,960 --> 00:22:58,720 Speaker 1: so much easier. Anybody anywhere in the world that has 413 00:22:58,800 --> 00:23:01,679 Speaker 1: one of these devices right here can go make millions 414 00:23:01,680 --> 00:23:04,520 Speaker 1: of dollars. And I'm basically in the same business, if 415 00:23:04,520 --> 00:23:06,280 Speaker 1: you want to call it publishing business, where I put 416 00:23:06,280 --> 00:23:10,000 Speaker 1: out information that gets packaged and sold. And so today 417 00:23:10,119 --> 00:23:12,240 Speaker 1: you don't need the publisher and you don't need to 418 00:23:12,240 --> 00:23:16,040 Speaker 1: write the book. You can just start publishing right from here. No. Um, 419 00:23:16,600 --> 00:23:19,560 Speaker 1: that's and that that's that's what it shocks me. When 420 00:23:20,320 --> 00:23:23,160 Speaker 1: you know I was talking to this woman, she says, yeah, 421 00:23:23,160 --> 00:23:26,199 Speaker 1: I met this really nice guy. That's interesting. You know, 422 00:23:26,200 --> 00:23:27,840 Speaker 1: I go to the Gems that roll Hotta. You know, 423 00:23:28,000 --> 00:23:30,720 Speaker 1: she was there working out and I said, so you're 424 00:23:30,800 --> 00:23:32,800 Speaker 1: single and she says, yeah, I just can't find a name. Man. 425 00:23:33,760 --> 00:23:35,600 Speaker 1: And I said, Jesus, you know, as hot as you are, 426 00:23:35,800 --> 00:23:39,520 Speaker 1: and go all over here all they are. But you know, 427 00:23:39,600 --> 00:23:41,480 Speaker 1: the last guy I talked to you has a master's 428 00:23:41,480 --> 00:23:46,520 Speaker 1: degrade and it works at Chi Palty and it's it's 429 00:23:46,520 --> 00:23:49,400 Speaker 1: a lot of was student loan debt. I went, oh 430 00:23:49,440 --> 00:23:53,159 Speaker 1: my god, Well, I think that really goes back to 431 00:23:53,359 --> 00:23:55,200 Speaker 1: what your point was in the beginning, which is I 432 00:23:55,240 --> 00:23:57,199 Speaker 1: don't want to give you the specifics. I want to 433 00:23:57,240 --> 00:23:59,120 Speaker 1: teach you a new way to think so you can 434 00:23:59,160 --> 00:24:01,840 Speaker 1: go find your own specifics. Let me let me say 435 00:24:01,880 --> 00:24:08,120 Speaker 1: it again. Imagination is infinite, and if it takes knowledge, 436 00:24:08,280 --> 00:24:10,160 Speaker 1: that's why I think and grow rich and all that. 437 00:24:10,520 --> 00:24:16,479 Speaker 1: It takes knowledge to process infinity into income. And if 438 00:24:16,520 --> 00:24:18,639 Speaker 1: you don't have the knowledge because you went to school 439 00:24:18,640 --> 00:24:22,440 Speaker 1: and you learned to be a beautition or something, you're 440 00:24:22,440 --> 00:24:24,919 Speaker 1: not going to get there. And the other problem that 441 00:24:24,960 --> 00:24:29,679 Speaker 1: I have with school is that they take away the imagination. Amen. 442 00:24:30,040 --> 00:24:32,399 Speaker 1: And so without the imagination, you need the imagination and 443 00:24:32,440 --> 00:24:34,240 Speaker 1: the knowledge, as you said, and if you take away 444 00:24:34,240 --> 00:24:37,080 Speaker 1: the imagination, the knowledge is kind of worthless. Well, it's 445 00:24:37,119 --> 00:24:40,359 Speaker 1: even worse than that. Mark. Let me. I read the 446 00:24:40,680 --> 00:24:43,320 Speaker 1: article once. I should have kept it as it said, 447 00:24:43,320 --> 00:24:48,000 Speaker 1: why economists aren't billing in theresa? You know why they 448 00:24:48,000 --> 00:24:54,439 Speaker 1: teach scarcity? True Keynes and kens and Malthusian economics is 449 00:24:54,480 --> 00:24:59,439 Speaker 1: the allocation of scarce resources, but they don't understand that 450 00:24:59,560 --> 00:25:04,000 Speaker 1: the mind is infinite. Imagination is infinite. And exactly to 451 00:25:04,080 --> 00:25:08,320 Speaker 1: sit your iPhone, that was Steve's job's greatest gift to 452 00:25:08,359 --> 00:25:12,480 Speaker 1: your generation. Right, we're free, but you're still going to 453 00:25:12,640 --> 00:25:15,640 Speaker 1: school to learn about I don't know what they learned 454 00:25:15,640 --> 00:25:19,240 Speaker 1: about school today. You know, you can't trigger me if 455 00:25:19,240 --> 00:25:23,520 Speaker 1: that was safe space, Yeah exactly. That hurts my feelings. 456 00:25:23,520 --> 00:25:27,400 Speaker 1: So I a should join the Marine Corps. Yeah exactly, quickly. 457 00:25:27,760 --> 00:25:29,600 Speaker 1: But I don't know what they're teaching us, But they're 458 00:25:29,600 --> 00:25:36,320 Speaker 1: teaching them scarcity. Malfusing economics is allocation of scarce space sources. Well, 459 00:25:36,320 --> 00:25:42,919 Speaker 1: what's not scarce is your your imaginations. And that's a 460 00:25:42,920 --> 00:25:44,919 Speaker 1: great point and and that you hit on. And it 461 00:25:44,960 --> 00:25:46,760 Speaker 1: wasn't on my list to talk about but'm such a 462 00:25:46,760 --> 00:25:48,400 Speaker 1: great point that you talk about, and I look at 463 00:25:48,600 --> 00:25:51,880 Speaker 1: that wealth is not a zero sum game. A thousand 464 00:25:51,920 --> 00:25:54,639 Speaker 1: years ago, everybody lived in the dirt. Today, everything that 465 00:25:54,680 --> 00:25:57,320 Speaker 1: you see around us was created. And there's no end 466 00:25:57,400 --> 00:26:01,520 Speaker 1: too how much wealth can be created. Correct, it's infinite. 467 00:26:02,119 --> 00:26:07,080 Speaker 1: It's just limited by your imagination and your education. And 468 00:26:07,160 --> 00:26:10,560 Speaker 1: that's why when you go to school, it actually compresses 469 00:26:10,600 --> 00:26:15,720 Speaker 1: your brain. When they teach your canes in or Malenthusian economics, 470 00:26:15,840 --> 00:26:20,160 Speaker 1: your host. Yeah, you finish your brain. Your brain, your 471 00:26:20,160 --> 00:26:22,199 Speaker 1: brain throws up. Like what I al would say is 472 00:26:22,400 --> 00:26:27,960 Speaker 1: education is the lock. Educations are also the key, but 473 00:26:28,040 --> 00:26:30,400 Speaker 1: not so. When you go to school, it locks your 474 00:26:30,400 --> 00:26:34,880 Speaker 1: brain up. You're over You're over here. Yeah, I'm looking 475 00:26:34,880 --> 00:26:38,040 Speaker 1: for a job security steady page. I can benefit and 476 00:26:38,280 --> 00:26:40,399 Speaker 1: over here. If you want it done right, you do 477 00:26:40,440 --> 00:26:44,399 Speaker 1: it by yourself. I'm over on this side. Now, this 478 00:26:44,480 --> 00:26:47,520 Speaker 1: is where text comes in. These guys here pay this 479 00:26:47,600 --> 00:26:50,960 Speaker 1: is all over the world in taxes. They pay sixty 480 00:26:51,400 --> 00:26:55,119 Speaker 1: in taxes. These guys pay because exactly the same I 481 00:26:55,160 --> 00:26:59,720 Speaker 1: provide jobs and over here I pay zero. That's what 482 00:27:00,000 --> 00:27:03,600 Speaker 1: Trump doesn't pay taxes, right, you know he paid something 483 00:27:04,720 --> 00:27:08,920 Speaker 1: and the and the communist, socialist, radical left press take 484 00:27:09,000 --> 00:27:11,880 Speaker 1: off on him, never ask him how do I pay 485 00:27:11,920 --> 00:27:16,719 Speaker 1: no taxes? Yeah? Yeah, exactly. So, um, you know, so 486 00:27:16,840 --> 00:27:20,080 Speaker 1: back to building the business, using the money to buy assets, 487 00:27:20,119 --> 00:27:22,440 Speaker 1: you like, the the hard assets that you can hold 488 00:27:22,480 --> 00:27:25,280 Speaker 1: control things like that. So I'm really curious. And you've 489 00:27:25,320 --> 00:27:28,439 Speaker 1: told us your history with gold, but I'm really curious. Uh, 490 00:27:28,800 --> 00:27:32,320 Speaker 1: I'm old, but i've been I kind of actually started 491 00:27:32,320 --> 00:27:34,600 Speaker 1: this channel just to talk about bitcoin. So I wrote 492 00:27:34,640 --> 00:27:38,080 Speaker 1: a cryptocurrency I wrote a cryptocurrency only research newsletter for 493 00:27:38,119 --> 00:27:40,520 Speaker 1: four years. I spent in the trenches digging it out 494 00:27:40,800 --> 00:27:44,320 Speaker 1: before I moved on to broader topics. But um, I'm old, 495 00:27:44,760 --> 00:27:46,840 Speaker 1: but like I'm still young enough to kind of straddle 496 00:27:46,920 --> 00:27:51,000 Speaker 1: that a little bit. You're older. I'm curious to find 497 00:27:51,000 --> 00:27:54,240 Speaker 1: out what what caught your eye with bitcoin because so 498 00:27:54,280 --> 00:27:55,879 Speaker 1: many people say, well, if I can't hold it in 499 00:27:55,920 --> 00:27:58,560 Speaker 1: my hand, it's not tangible, it's not real. But yet 500 00:27:58,600 --> 00:28:00,800 Speaker 1: you've become a big advocate of it, So maybe you 501 00:28:00,800 --> 00:28:03,960 Speaker 1: can explain that to us. It's called too much gold 502 00:28:03,960 --> 00:28:09,280 Speaker 1: and silver. Now, no, you know, I don't know, I 503 00:28:09,520 --> 00:28:11,840 Speaker 1: don't know what you know. I used to watch Donald, 504 00:28:11,880 --> 00:28:14,160 Speaker 1: you know, Donald Duck and there was a guy called 505 00:28:14,160 --> 00:28:17,840 Speaker 1: Scrooge McDuck. He's sitting on this pile of gold and 506 00:28:17,920 --> 00:28:19,720 Speaker 1: it's a little boy. I said, you know that's I 507 00:28:19,720 --> 00:28:21,439 Speaker 1: want to be a Scrooge McDuck on this pile of 508 00:28:21,480 --> 00:28:24,159 Speaker 1: go It's only one big problem with gold and silver. 509 00:28:24,440 --> 00:28:27,439 Speaker 1: It's heavy, right, you know? And I have and I 510 00:28:27,440 --> 00:28:29,520 Speaker 1: don't store it here. I store it overseas and I'm 511 00:28:29,560 --> 00:28:32,879 Speaker 1: never gonna tell anybody where it's hitting. But you can't 512 00:28:32,920 --> 00:28:35,679 Speaker 1: run with the damn stuff. It's too heavy. When I 513 00:28:35,720 --> 00:28:37,800 Speaker 1: was looking at this guy, a little thumb, drivers is 514 00:28:37,840 --> 00:28:41,600 Speaker 1: that your Bitcoin account? I said, that's for me, so 515 00:28:41,640 --> 00:28:44,040 Speaker 1: I can put that thing in my pocket and then 516 00:28:44,040 --> 00:28:46,080 Speaker 1: I can go anywhere in the world and they can't 517 00:28:46,160 --> 00:28:50,240 Speaker 1: track me down. Sure you know, I pay my taxes. 518 00:28:50,280 --> 00:28:53,120 Speaker 1: I'm not an American, I have my passport. I played 519 00:28:53,120 --> 00:28:56,920 Speaker 1: by all the rules, the differences. I played by these 520 00:28:57,040 --> 00:29:01,040 Speaker 1: rules here, not their routes. And if you're if your 521 00:29:01,120 --> 00:29:03,520 Speaker 1: viewers can understand that, by the way, this is book 522 00:29:03,600 --> 00:29:07,240 Speaker 1: number two. But the real rules are in taxes. That 523 00:29:07,320 --> 00:29:11,920 Speaker 1: book you show. The real rules are in taxes, because 524 00:29:12,000 --> 00:29:15,200 Speaker 1: these guys here don't pay taxes. These guys do, so 525 00:29:15,440 --> 00:29:17,840 Speaker 1: the social the fascist socialists that we're going to tax 526 00:29:17,880 --> 00:29:22,720 Speaker 1: the rich. They tax high income people, they don't tax 527 00:29:22,840 --> 00:29:27,120 Speaker 1: high asset people. Yeah, very big difference. And I think 528 00:29:27,520 --> 00:29:29,680 Speaker 1: and then one big differentiator that I look at it. 529 00:29:29,800 --> 00:29:32,440 Speaker 1: I just look at business owners and investors as wealth 530 00:29:32,560 --> 00:29:38,080 Speaker 1: creators and employees are like wealth takers, right, and so, um, 531 00:29:39,600 --> 00:29:41,720 Speaker 1: you know I love my employees, got me wrong, But 532 00:29:41,760 --> 00:29:43,320 Speaker 1: I do the I do. I have. I have the 533 00:29:43,400 --> 00:29:46,120 Speaker 1: same talk I'm having with you and your audience right now. 534 00:29:46,480 --> 00:29:49,080 Speaker 1: Don't be stupid. You know all of them have their 535 00:29:49,080 --> 00:29:51,400 Speaker 1: own companies, not all of them, but I encourage to 536 00:29:51,440 --> 00:29:54,080 Speaker 1: have their own companies. I encourage with invest in silver 537 00:29:54,200 --> 00:29:57,640 Speaker 1: and gold or whatever and bitcoin, and so it's nothing 538 00:29:57,760 --> 00:30:00,560 Speaker 1: wrong with being an employee the truck. The tough part 539 00:30:00,760 --> 00:30:03,640 Speaker 1: is their income is text. You know, if you have 540 00:30:03,680 --> 00:30:07,160 Speaker 1: a job, your your text. And then if you're a doctor, 541 00:30:07,320 --> 00:30:11,560 Speaker 1: you pay the highest taxes of all. It doesn't fit 542 00:30:11,640 --> 00:30:15,080 Speaker 1: my brain system. So what they have to do is 543 00:30:15,160 --> 00:30:17,840 Speaker 1: figure out the rules, the laws on this side, which 544 00:30:17,880 --> 00:30:20,880 Speaker 1: is what all my books are on this side. Also 545 00:30:20,960 --> 00:30:24,320 Speaker 1: the REGs all on this side. And so these guys 546 00:30:24,360 --> 00:30:27,720 Speaker 1: here can play by their rules, but rama and still 547 00:30:27,960 --> 00:30:30,840 Speaker 1: keep their jobs here and then go over right here 548 00:30:31,840 --> 00:30:37,080 Speaker 1: if you don't have to quit your job now. Yesterday 549 00:30:37,120 --> 00:30:40,000 Speaker 1: I made a video, well, it went live yesterday on 550 00:30:40,000 --> 00:30:43,240 Speaker 1: on my YouTube channel. I'm talking about how China actually 551 00:30:43,360 --> 00:30:47,160 Speaker 1: launched their digital currency. UM. They over the last week 552 00:30:47,320 --> 00:30:49,840 Speaker 1: they ran a contest and they gave away ten million 553 00:30:50,400 --> 00:30:54,600 Speaker 1: one UM for to get people to download their digital wallet. 554 00:30:54,760 --> 00:30:59,880 Speaker 1: And on October twelve, they actually gave out two to 555 00:31:00,040 --> 00:31:02,000 Speaker 1: the winners if they would download the wall. And so 556 00:31:02,000 --> 00:31:04,600 Speaker 1: it's it's out in the wild now. I think that 557 00:31:04,680 --> 00:31:08,200 Speaker 1: the the Fed will have probably one out sometimes maybe 558 00:31:08,200 --> 00:31:11,040 Speaker 1: the next six to nine months would be my guest, UM, 559 00:31:11,480 --> 00:31:14,719 Speaker 1: have you been watching this whole shift from the central 560 00:31:14,760 --> 00:31:17,680 Speaker 1: banks moving to this digital currency? No, I talked to 561 00:31:17,680 --> 00:31:20,760 Speaker 1: you guys like you. I talked to you and Gammon 562 00:31:20,880 --> 00:31:22,880 Speaker 1: and that I talked to the other guy. I talked 563 00:31:22,880 --> 00:31:26,640 Speaker 1: to this Anthony Pomplano. You know, it's a it's a 564 00:31:26,640 --> 00:31:29,000 Speaker 1: world I know nothing about. You cannot be an expert 565 00:31:29,040 --> 00:31:32,320 Speaker 1: at everything, No, you can't. No, So I resally I 566 00:31:32,400 --> 00:31:35,040 Speaker 1: love YouTube even though like a d platforms all the 567 00:31:35,080 --> 00:31:39,280 Speaker 1: time whatever, because I think this COVID thing is a 568 00:31:39,280 --> 00:31:42,160 Speaker 1: bunch of crap. But anyway, you know, everything is to 569 00:31:42,200 --> 00:31:47,400 Speaker 1: where I'm a mass Yeah, that's that's called fast, you know, 570 00:31:48,040 --> 00:31:51,560 Speaker 1: And I'm target market. I'm seven three years all. I've 571 00:31:51,600 --> 00:31:56,240 Speaker 1: had pneumonia, I've had heart disease. I'm I have everything, 572 00:31:56,880 --> 00:31:59,880 Speaker 1: and if it's gonna kill me, my problem, not your problem, 573 00:32:00,000 --> 00:32:03,480 Speaker 1: you know. But anyway, what was I going with all this? 574 00:32:03,600 --> 00:32:06,960 Speaker 1: But I don't. I can't know everything. So I love YouTube. 575 00:32:07,160 --> 00:32:09,400 Speaker 1: I just cruise around, you know, I come. That's how 576 00:32:09,400 --> 00:32:12,000 Speaker 1: I came across you, and that's why I come across 577 00:32:12,040 --> 00:32:15,160 Speaker 1: Anthony Pompon and George Gammon. I just love you guys. 578 00:32:15,240 --> 00:32:18,440 Speaker 1: I sit there and you know, for fifty minutes to 579 00:32:18,520 --> 00:32:22,200 Speaker 1: an hour is better than going to school. I learned 580 00:32:22,200 --> 00:32:25,120 Speaker 1: more from you guys, from real life than those bullshit 581 00:32:25,280 --> 00:32:28,320 Speaker 1: artists in college. Well, and that's actually something I learned 582 00:32:28,320 --> 00:32:30,480 Speaker 1: from you, which you already just said, which is about 583 00:32:30,640 --> 00:32:33,840 Speaker 1: having the right advisors. So you talked about having the 584 00:32:33,920 --> 00:32:36,800 Speaker 1: rich dad advisors. You can't be an expert in everything, 585 00:32:37,040 --> 00:32:39,400 Speaker 1: so you need to find the experts and work with them. 586 00:32:39,440 --> 00:32:43,120 Speaker 1: And that's basically what you're saying right now. Right to 587 00:32:43,280 --> 00:32:47,520 Speaker 1: do this, I need an accountant, and I need attorneys, 588 00:32:47,800 --> 00:32:51,760 Speaker 1: and I need the bookkeepers, you know. I need marketing people. 589 00:32:52,080 --> 00:32:56,760 Speaker 1: I need guys your age and younger, because you cannot 590 00:32:56,840 --> 00:33:00,920 Speaker 1: know anything to do this. The limit inastions of these 591 00:33:00,960 --> 00:33:05,120 Speaker 1: guys as they don't think like Vegas guys. So you know, 592 00:33:05,160 --> 00:33:09,000 Speaker 1: I would say business is a team sport. And that's 593 00:33:09,040 --> 00:33:12,760 Speaker 1: the difference in school. You know, if I had a 594 00:33:12,760 --> 00:33:17,520 Speaker 1: team in school, it's called cheating. Yeah, and I cheated 595 00:33:17,560 --> 00:33:23,120 Speaker 1: a lot. So I'm curious someone with your perspective on 596 00:33:23,240 --> 00:33:25,240 Speaker 1: the world. I mean, you've you've lived in a world 597 00:33:25,360 --> 00:33:27,760 Speaker 1: that was still on a gold standard. Obviously you've seen 598 00:33:27,800 --> 00:33:29,440 Speaker 1: it go off of it. You bought gold when it 599 00:33:29,480 --> 00:33:35,240 Speaker 1: was illegal. Uh, You've written books, uh the prophecy um, 600 00:33:35,280 --> 00:33:38,240 Speaker 1: you know, You've you've written books projecting things that would happen, 601 00:33:38,240 --> 00:33:40,400 Speaker 1: and so you you really, you really have this perspective 602 00:33:40,440 --> 00:33:43,080 Speaker 1: that's unique. And I'm just uh, you already said that 603 00:33:43,160 --> 00:33:46,440 Speaker 1: you didn't ever imagine they would print as much money 604 00:33:46,440 --> 00:33:49,960 Speaker 1: as they have. But I'm curious as to someone with 605 00:33:50,040 --> 00:33:52,840 Speaker 1: your experience and perspective and who's thought a lot about this, 606 00:33:54,240 --> 00:33:59,040 Speaker 1: how does this end? Well, it depends on how old 607 00:33:59,080 --> 00:34:06,800 Speaker 1: you are. Okay, for my generation, we're screwed almost have 608 00:34:07,000 --> 00:34:09,480 Speaker 1: had it, had had it the easiest because you know, 609 00:34:09,520 --> 00:34:12,520 Speaker 1: we came of age just when Nixon took the dollar 610 00:34:12,600 --> 00:34:14,680 Speaker 1: off the goal study. I graduate from, you know from 611 00:34:14,719 --> 00:34:17,960 Speaker 1: they went to academy. I graduated in sixty nine, and 612 00:34:17,960 --> 00:34:20,680 Speaker 1: they took the dollar. The goal stenter at seventy one, 613 00:34:21,280 --> 00:34:24,360 Speaker 1: and we had the biggest boom time in history. Baby 614 00:34:24,400 --> 00:34:28,399 Speaker 1: boomers had the boom time. But unfortunately, my latest book, 615 00:34:28,400 --> 00:34:30,479 Speaker 1: I don't know where it is, it's called Who's Told 616 00:34:30,480 --> 00:34:36,120 Speaker 1: My Pension? And because the pensions couldnot attain seven percent 617 00:34:36,360 --> 00:34:40,360 Speaker 1: per year. Every pension plan was based upon seven percent 618 00:34:40,440 --> 00:34:43,319 Speaker 1: game per year. But when they started printing money and 619 00:34:43,360 --> 00:34:46,640 Speaker 1: they dropped the interest rates, the pensions couldn't get seven percent. 620 00:34:47,360 --> 00:34:49,840 Speaker 1: But they know as what you guys know. This is 621 00:34:49,960 --> 00:34:54,000 Speaker 1: what's happening is my generation is so desperate because they 622 00:34:54,000 --> 00:34:57,760 Speaker 1: have nothing. They're out of time and they're now looking 623 00:34:57,800 --> 00:35:03,000 Speaker 1: for higher risk investments in old age. I saw Mr 624 00:35:03,040 --> 00:35:07,240 Speaker 1: Wonderful what's his name, Evan O. Larry. He's now doing 625 00:35:08,680 --> 00:35:12,880 Speaker 1: funding startups or something that you have to be an 626 00:35:12,920 --> 00:35:16,000 Speaker 1: accredited investor to do that. There's a law against it, 627 00:35:16,719 --> 00:35:19,279 Speaker 1: you know that ware for the They want to protect you. 628 00:35:19,719 --> 00:35:21,680 Speaker 1: So if you're not in a credit, you've got to 629 00:35:21,719 --> 00:35:24,120 Speaker 1: make a think two fifty thousand a year and have 630 00:35:24,600 --> 00:35:29,200 Speaker 1: three hundred thousand an assets. But people are so desperate 631 00:35:29,280 --> 00:35:33,239 Speaker 1: they're jumping into investments that you're supposed to have some 632 00:35:33,719 --> 00:35:38,000 Speaker 1: degree of financial sophistication to get into. This is not 633 00:35:38,000 --> 00:35:42,480 Speaker 1: going to end well for my generation. Now for generations younger, 634 00:35:42,560 --> 00:35:46,800 Speaker 1: like he hold up your iPhone. You have a future 635 00:35:47,160 --> 00:35:50,640 Speaker 1: and this is the most powerful tool ever created for 636 00:35:50,680 --> 00:35:53,560 Speaker 1: an entrepreneur. The trouble is do you have the knowledge 637 00:35:53,560 --> 00:35:56,920 Speaker 1: and information to use this? I don't. I really don't. 638 00:35:57,719 --> 00:35:59,879 Speaker 1: And that's why I have young guys around me who 639 00:36:00,000 --> 00:36:02,600 Speaker 1: how to translate this for me. So I don't speak 640 00:36:02,680 --> 00:36:06,239 Speaker 1: Chinese and I don't speak technology, and you don't even 641 00:36:06,280 --> 00:36:08,799 Speaker 1: need the knowledge, you just need the imagination. And so 642 00:36:08,960 --> 00:36:11,839 Speaker 1: what why why I think this? Why? Why I think 643 00:36:11,880 --> 00:36:15,520 Speaker 1: this levels the playing field? Is I can now learn 644 00:36:15,719 --> 00:36:19,439 Speaker 1: anything I want to learn, and meet anyone I want 645 00:36:19,480 --> 00:36:22,480 Speaker 1: to meet, and do anything I want to do. All right, 646 00:36:22,719 --> 00:36:26,680 Speaker 1: you've got it. This is this is on the other 647 00:36:26,719 --> 00:36:29,040 Speaker 1: side of the always say there's three sides to a coin. 648 00:36:29,120 --> 00:36:31,600 Speaker 1: My head's tail to the edge. On the other side, 649 00:36:31,640 --> 00:36:33,440 Speaker 1: the people are making us to wear a mask. I 650 00:36:33,480 --> 00:36:37,759 Speaker 1: call him the fascist Anthony Felci the doct I call 651 00:36:37,840 --> 00:36:43,120 Speaker 1: him Anthony fascist. You know what I mean, you have 652 00:36:43,120 --> 00:36:46,880 Speaker 1: to wear a mask, social distancing. I mean, Biden wants 653 00:36:46,960 --> 00:36:49,920 Speaker 1: us to everybody to where you'll be arrested if you 654 00:36:49,920 --> 00:36:53,160 Speaker 1: don't wear a mask. I'm going this is this is fascist. 655 00:36:54,040 --> 00:36:57,680 Speaker 1: There's a there's a that's still that's the problem because 656 00:36:57,719 --> 00:37:00,359 Speaker 1: for your generation, your taxes are going to go through 657 00:37:00,400 --> 00:37:05,279 Speaker 1: the roof. Yeah, we're bankrupt. We are bankrupt, and really 658 00:37:05,280 --> 00:37:08,000 Speaker 1: we probably were bankrupt in when they couldn't pay the 659 00:37:08,000 --> 00:37:09,880 Speaker 1: gold anymore. Right, they had to close the gold window 660 00:37:09,920 --> 00:37:13,560 Speaker 1: and that was probably the real default um as as 661 00:37:13,600 --> 00:37:15,839 Speaker 1: far as the mass and the lockdown and all that. 662 00:37:15,960 --> 00:37:17,719 Speaker 1: The one thing that really bothered well, there's a lot 663 00:37:17,719 --> 00:37:18,920 Speaker 1: of things that bother me, but I don't want to 664 00:37:18,920 --> 00:37:22,319 Speaker 1: dive into that conversation. But uh, adding to what we're 665 00:37:22,320 --> 00:37:24,320 Speaker 1: already talking about, the one thing that does bother me 666 00:37:24,360 --> 00:37:27,880 Speaker 1: about it is it's a lot of shut up and 667 00:37:27,920 --> 00:37:29,879 Speaker 1: do what I say. I know it doesn't make any sense, 668 00:37:29,920 --> 00:37:33,160 Speaker 1: but don't ask any questions. And what that does is 669 00:37:33,200 --> 00:37:35,920 Speaker 1: it takes away our ability to think and makes us 670 00:37:35,960 --> 00:37:38,399 Speaker 1: into robots, which is exactly what you and I are 671 00:37:38,400 --> 00:37:42,640 Speaker 1: talking about where if you have the imagination, it's it's limitless. 672 00:37:43,440 --> 00:37:46,319 Speaker 1: But by making me shut up and listen, even though 673 00:37:46,360 --> 00:37:48,600 Speaker 1: it doesn't make any sense, it takes all that away 674 00:37:48,640 --> 00:37:52,000 Speaker 1: from us. Well. Worse than that is they instill look 675 00:37:52,040 --> 00:37:58,160 Speaker 1: by fear. I was like, all h took control, you know, 676 00:37:58,280 --> 00:38:02,880 Speaker 1: he he just ran by fear. Yeah, exactly. The fascists 677 00:38:02,880 --> 00:38:07,040 Speaker 1: are doing the same thing in America. Yeah. Now, um, 678 00:38:07,120 --> 00:38:09,160 Speaker 1: I guess, um, when when I was talking, when I 679 00:38:09,200 --> 00:38:12,160 Speaker 1: was thinking about, you know, how things progress at the end, 680 00:38:12,280 --> 00:38:15,120 Speaker 1: I'm kind of looking at like two different scenarios, and 681 00:38:15,160 --> 00:38:17,040 Speaker 1: I think probably most people do. We could probably break 682 00:38:17,120 --> 00:38:20,200 Speaker 1: them into two buckets. Um. I think, like you know, 683 00:38:20,320 --> 00:38:23,200 Speaker 1: our buddy Harry Dent, he talks about like this massive 684 00:38:23,239 --> 00:38:27,120 Speaker 1: deflation right where you know, there's a draw down and 685 00:38:27,160 --> 00:38:29,200 Speaker 1: then maybe, you know, maybe we go into this kind 686 00:38:29,200 --> 00:38:32,920 Speaker 1: of stagflation like Japan, And I probably give that the 687 00:38:33,000 --> 00:38:36,080 Speaker 1: higher probability of an outcome. Um. And then there's another 688 00:38:36,080 --> 00:38:40,120 Speaker 1: probability that really these mm T guys are pushing where shoot, 689 00:38:40,160 --> 00:38:42,200 Speaker 1: the government's just gonna print so much money as surprise, 690 00:38:42,239 --> 00:38:45,000 Speaker 1: are gonna triple from here. I give that one like 691 00:38:45,040 --> 00:38:47,759 Speaker 1: a lower probability. Do you see either one of those 692 00:38:47,800 --> 00:38:54,759 Speaker 1: as being outcomes. Well, they're all possibilities, sure, and we 693 00:38:54,840 --> 00:39:00,719 Speaker 1: have no there's no limit to human and sanitues to definitely, 694 00:39:01,480 --> 00:39:03,000 Speaker 1: you know what I mean. And it's a very worried 695 00:39:03,040 --> 00:39:06,120 Speaker 1: about what those idiots. I was just watching the confirmation 696 00:39:06,200 --> 00:39:11,520 Speaker 1: hearing the Democratic senators. We're attacking Amy Coney Bryant Parrot. 697 00:39:12,719 --> 00:39:15,160 Speaker 1: You know that woman could play virgin marriage. She didn't 698 00:39:15,200 --> 00:39:18,920 Speaker 1: have kids. Yeah, I mean she's she's how she's almost 699 00:39:18,960 --> 00:39:23,040 Speaker 1: up for sat good and the Democrats are attacking her 700 00:39:23,120 --> 00:39:28,040 Speaker 1: and the Democrat from Hawaii she's not even American, she's 701 00:39:28,040 --> 00:39:31,960 Speaker 1: a naturalized citizen from Japan. And she was accusing Amy, 702 00:39:32,000 --> 00:39:35,520 Speaker 1: called me Bryant of being a pedophile and a sex 703 00:39:35,920 --> 00:39:40,120 Speaker 1: trader and all this stuff. I'm going, you know what 704 00:39:40,320 --> 00:39:44,960 Speaker 1: happened to us? Right? How can we allow our senators 705 00:39:45,040 --> 00:39:48,080 Speaker 1: that supposed to be kind of the next to the god, 706 00:39:48,239 --> 00:39:52,240 Speaker 1: you know in presidency, how can they allow them to 707 00:39:52,239 --> 00:39:54,399 Speaker 1: to do these things that you know, when Kavanagh got 708 00:39:54,520 --> 00:39:58,640 Speaker 1: elected or come from they brought that Christine Ford or 709 00:39:58,640 --> 00:40:04,239 Speaker 1: something and she accused Kavanaugh having sex with her. I mean, 710 00:40:04,320 --> 00:40:07,680 Speaker 1: this is what this is a Roman circus. This is 711 00:40:07,920 --> 00:40:10,680 Speaker 1: for Epstein time. You know what I mean, all the 712 00:40:10,760 --> 00:40:14,320 Speaker 1: young girls out and dance on stage. I'm going Holy mackerel. 713 00:40:14,360 --> 00:40:15,879 Speaker 1: But I'll tell you the story is a good one. 714 00:40:16,840 --> 00:40:19,319 Speaker 1: At the end of the Roman Empire, I think it's 715 00:40:19,360 --> 00:40:23,200 Speaker 1: Callegnaios under the emperor. He got his horse elected to 716 00:40:23,239 --> 00:40:28,560 Speaker 1: the Senate. Wow. So I was, I was. I was 717 00:40:28,600 --> 00:40:31,640 Speaker 1: watching these Democrats and I'm not Republican, a Democrat, but 718 00:40:31,680 --> 00:40:36,040 Speaker 1: they're just attacking my friend Trump, so that they're attacking 719 00:40:36,080 --> 00:40:38,239 Speaker 1: Amy Coney and Bryant. And I said, you know, that 720 00:40:38,280 --> 00:40:42,439 Speaker 1: horse is reincarnated. It's the Senate. We might be better 721 00:40:42,480 --> 00:40:44,000 Speaker 1: off with a horse than some people that we have. 722 00:40:44,560 --> 00:40:47,640 Speaker 1: It's what, Mark, you can't get any worse than this. 723 00:40:47,800 --> 00:40:49,919 Speaker 1: I don't I don't know. Don't say that. Don't say 724 00:40:49,960 --> 00:40:53,759 Speaker 1: that they'll break the horse in you mail as well. 725 00:40:53,880 --> 00:40:57,000 Speaker 1: You know, I saw a news headline this morning from 726 00:40:57,040 --> 00:41:00,840 Speaker 1: CNN and they said that if if if it weren't 727 00:41:00,880 --> 00:41:04,320 Speaker 1: for Trump, Barrett would probably have already had seventy votes, 728 00:41:05,160 --> 00:41:09,600 Speaker 1: meaning she's great, but because Trump likes her there purposely 729 00:41:09,760 --> 00:41:14,600 Speaker 1: that was per CNN. They said that, so h well, 730 00:41:14,640 --> 00:41:17,200 Speaker 1: look at the World Health Organization. They finally said this 731 00:41:17,360 --> 00:41:21,560 Speaker 1: lockdowns are killing more people than that's saying, yeah, you know, 732 00:41:21,760 --> 00:41:24,040 Speaker 1: and people assigned this wearing a mask was a joke. 733 00:41:24,520 --> 00:41:27,520 Speaker 1: But the fascist and a fascist is somebody's gonna tell 734 00:41:27,560 --> 00:41:31,600 Speaker 1: you how to run your life. And and that's a 735 00:41:31,640 --> 00:41:33,800 Speaker 1: great point. And and the problem that we have today 736 00:41:33,920 --> 00:41:36,880 Speaker 1: is straight out of George Roy book where it's like 737 00:41:36,960 --> 00:41:41,399 Speaker 1: this double speak. So they're calling people fascists, but they're 738 00:41:41,400 --> 00:41:43,800 Speaker 1: the ones that are fascist. They're saying we're against racism, 739 00:41:43,880 --> 00:41:46,280 Speaker 1: but they're the ones that are racist. Like everything is 740 00:41:46,440 --> 00:41:51,799 Speaker 1: backwards today. Ye. So um, so we'll we'll we're kind 741 00:41:51,800 --> 00:41:53,440 Speaker 1: of getting to the end here and we'll wrap it up. 742 00:41:53,480 --> 00:41:56,560 Speaker 1: I kind of want to maybe just ask one more question, um, 743 00:41:56,600 --> 00:42:00,200 Speaker 1: and that is, um, we don't know what's gonna happen. Mean, 744 00:42:00,239 --> 00:42:03,440 Speaker 1: potentially we have this deflation like Harry Dent talks about. 745 00:42:03,480 --> 00:42:05,800 Speaker 1: Possibly we see stuff going to the moon like M. M. 746 00:42:05,840 --> 00:42:08,719 Speaker 1: T talks about, which would destroy the currency. And maybe 747 00:42:08,719 --> 00:42:11,200 Speaker 1: there's even a chance that gold becomes revalued like Jim 748 00:42:11,200 --> 00:42:13,759 Speaker 1: Records talks about. So there's different scenarios, right, and we 749 00:42:13,800 --> 00:42:17,400 Speaker 1: don't have control over that, and so we have to 750 00:42:17,440 --> 00:42:21,319 Speaker 1: just set ourselves up to be quick and nimble and 751 00:42:21,360 --> 00:42:23,719 Speaker 1: be able to prosper no matter what happens. And so 752 00:42:24,000 --> 00:42:27,560 Speaker 1: a lot of that's done through like acid allocation. Um, 753 00:42:27,600 --> 00:42:30,920 Speaker 1: how do you think about like acid allocation and diversification. 754 00:42:31,000 --> 00:42:33,239 Speaker 1: Is it just like business and cash flow and that's 755 00:42:33,239 --> 00:42:36,600 Speaker 1: it or do you go a little bit deeper. That's 756 00:42:36,640 --> 00:42:38,839 Speaker 1: that's a tough question because, like I said, I had 757 00:42:38,800 --> 00:42:41,480 Speaker 1: a different game plan. You know, when when you when 758 00:42:41,480 --> 00:42:46,120 Speaker 1: you when you look here, my goal was to build 759 00:42:46,120 --> 00:42:50,560 Speaker 1: a brand, right, That's what That's what entrepreneurs to And 760 00:42:50,680 --> 00:42:53,680 Speaker 1: these guys here that's small and that's fine. They can 761 00:42:53,719 --> 00:42:56,799 Speaker 1: do just as well financially, but they don't necessarily build 762 00:42:56,800 --> 00:43:00,399 Speaker 1: a brand. So it really depends upon what you want 763 00:43:00,440 --> 00:43:05,440 Speaker 1: from your life here. So you know, like Steve Jobs 764 00:43:05,440 --> 00:43:08,799 Speaker 1: built Apple, the most profitable company in world history. Basil's 765 00:43:08,800 --> 00:43:11,840 Speaker 1: built Amazon, one of those things where some guy built 766 00:43:11,880 --> 00:43:16,000 Speaker 1: Coca Cola. Hmm, you know, I mean I was, you know, 767 00:43:16,280 --> 00:43:19,680 Speaker 1: I wear I wear this watch has a panorai I 768 00:43:19,840 --> 00:43:26,360 Speaker 1: buy the brand. So brands communicate and if you have 769 00:43:26,640 --> 00:43:31,480 Speaker 1: the wherewithal to build a brand, you're golden. Yeah, you know, 770 00:43:31,640 --> 00:43:33,600 Speaker 1: because the thing I'm happy about, like with me, I 771 00:43:33,640 --> 00:43:36,640 Speaker 1: don't I don't sell very often. I just signed a 772 00:43:36,680 --> 00:43:39,759 Speaker 1: real estate lace for a hundred years. Now, Am I 773 00:43:39,800 --> 00:43:43,879 Speaker 1: going to be around another hundred years? No? But my 774 00:43:44,160 --> 00:43:46,759 Speaker 1: assets will go into the future. That's why I don't 775 00:43:46,800 --> 00:43:50,120 Speaker 1: sell all my goals sover and all that will be 776 00:43:50,120 --> 00:43:54,960 Speaker 1: a package and transported into the future via some kind 777 00:43:54,960 --> 00:44:00,239 Speaker 1: of public child will remainder trust, so that for ever 778 00:44:01,400 --> 00:44:06,000 Speaker 1: what I build today will benefit the future. How long 779 00:44:06,040 --> 00:44:08,959 Speaker 1: do you think? So everybody thinks differently. If you can't 780 00:44:09,000 --> 00:44:11,960 Speaker 1: pay the rent today, you can't think about the future. 781 00:44:11,960 --> 00:44:15,160 Speaker 1: You gotta think about your rent. Speaking about that, you 782 00:44:15,200 --> 00:44:18,960 Speaker 1: know those forbearances. I think there's six thousand mortgages or 783 00:44:19,000 --> 00:44:23,120 Speaker 1: six million mortgages in for some ungodly number. And forbearance. 784 00:44:23,440 --> 00:44:27,600 Speaker 1: People don't know what the word forbearance means. Forbearance means 785 00:44:27,640 --> 00:44:32,360 Speaker 1: they have to rewrite the mortgage. Now a person lost 786 00:44:32,400 --> 00:44:36,560 Speaker 1: their job, they're gonna lose the mortgage. Right, we have 787 00:44:36,719 --> 00:44:40,200 Speaker 1: no idea what's coming. So those are the uncertainties. But 788 00:44:40,320 --> 00:44:44,040 Speaker 1: that's why I say gold, silver, bitcoin because gold and 789 00:44:44,080 --> 00:44:47,719 Speaker 1: silver are God's money. They've been here since Earth was formed. 790 00:44:48,680 --> 00:44:52,520 Speaker 1: And I like bitcoin because it's people's money. It's outside 791 00:44:52,560 --> 00:44:58,360 Speaker 1: control of the central banking communist republic system. Yeah, good, 792 00:44:58,840 --> 00:45:01,520 Speaker 1: all right, Well, will end it with that. I do 793 00:45:01,600 --> 00:45:03,879 Speaker 1: want to just say one thing, Um, you said that 794 00:45:04,280 --> 00:45:06,480 Speaker 1: when I asked you the question about how to protect yourself, 795 00:45:06,520 --> 00:45:10,000 Speaker 1: you said that it depends on what you want, And 796 00:45:10,080 --> 00:45:12,040 Speaker 1: so I just want to kind of leave it with 797 00:45:12,080 --> 00:45:15,839 Speaker 1: this final thought, where um you know, um, people ask 798 00:45:15,920 --> 00:45:17,880 Speaker 1: you all the time could you be more specific? And 799 00:45:18,120 --> 00:45:19,759 Speaker 1: they asked me the same thing. And we've talked about 800 00:45:19,800 --> 00:45:22,560 Speaker 1: why we like to talk about more broader topics. And 801 00:45:22,560 --> 00:45:24,560 Speaker 1: I get asked all the time like what should I 802 00:45:24,600 --> 00:45:26,920 Speaker 1: invest into? Or I have ten thousand dollars? What should 803 00:45:26,920 --> 00:45:29,440 Speaker 1: I do? And the problem is that shows that you 804 00:45:29,560 --> 00:45:32,040 Speaker 1: don't know what you want, and so you need to 805 00:45:32,080 --> 00:45:33,880 Speaker 1: take a step back and figure out what is it 806 00:45:33,920 --> 00:45:36,759 Speaker 1: that I'm trying to do? What do? What do I want? 807 00:45:37,000 --> 00:45:39,040 Speaker 1: And then you need to make a specific plan for yourself, 808 00:45:39,160 --> 00:45:42,960 Speaker 1: not based off of what someone else is doing. Right God, 809 00:45:43,239 --> 00:45:46,800 Speaker 1: you know, like it's like I am a US Marine 810 00:45:46,920 --> 00:45:49,120 Speaker 1: and I went to military school. I'm a rain I'm 811 00:45:49,160 --> 00:45:56,080 Speaker 1: trained to handle guns. I'm always armed. You know, I 812 00:45:56,160 --> 00:45:59,680 Speaker 1: live in Arizona because it's legal to be concealed, and 813 00:45:59,760 --> 00:46:03,319 Speaker 1: if I can go concealed here now for Californian's that's 814 00:46:03,480 --> 00:46:08,360 Speaker 1: I'm a criminal because I'm armed, But in Arizona that's smart. 815 00:46:09,560 --> 00:46:12,920 Speaker 1: I'd rather be armed in Arizona than unarmed in California. 816 00:46:13,520 --> 00:46:17,040 Speaker 1: But people don't think of those things, you know. And 817 00:46:17,120 --> 00:46:21,120 Speaker 1: the other thing is I'm trained to use guns. Yeah, 818 00:46:21,400 --> 00:46:24,479 Speaker 1: those people are buying guns shooting paper targets. I'm gonna 819 00:46:24,600 --> 00:46:27,280 Speaker 1: give those guys a wide berth because they're far dangerous 820 00:46:27,280 --> 00:46:30,400 Speaker 1: to themselves than anybody else. The other thing, too, is 821 00:46:30,760 --> 00:46:35,360 Speaker 1: we're out of ammunition. Years ago, I bought pallets of ammunition. 822 00:46:35,440 --> 00:46:37,600 Speaker 1: One of the best investments I've ever made. I was 823 00:46:37,640 --> 00:46:41,520 Speaker 1: paying three cents around three cents around for six or 824 00:46:41,560 --> 00:46:44,839 Speaker 1: two to three. It's sixties sixty seventy cents right now 825 00:46:44,880 --> 00:46:47,080 Speaker 1: if you could buy it. I made a fortune off 826 00:46:47,160 --> 00:46:51,239 Speaker 1: of bullets. Now, every liberal pink called liberal communists will go, oh, 827 00:46:51,360 --> 00:46:54,839 Speaker 1: you're you're you're you want to kill people. I said, well, 828 00:46:55,200 --> 00:46:57,680 Speaker 1: i'd be kind of exciting, you know, lay, I've already 829 00:46:57,719 --> 00:47:01,120 Speaker 1: done that job. But I'm a marine. I'm prepared for it. 830 00:47:01,840 --> 00:47:05,560 Speaker 1: If not prepared for it, don't buy a gun and 831 00:47:05,880 --> 00:47:09,359 Speaker 1: and be prepared for your financial future as well. Um, 832 00:47:09,480 --> 00:47:11,400 Speaker 1: So we'll go ahead and I wrap it up. With that. Now, 833 00:47:11,640 --> 00:47:13,080 Speaker 1: you did say there's a new book coming out. Do 834 00:47:13,120 --> 00:47:14,839 Speaker 1: you want to talk about that? When? When people should 835 00:47:14,880 --> 00:47:17,560 Speaker 1: expect that? Yeah, there's two books in the pipeline. One 836 00:47:17,719 --> 00:47:20,840 Speaker 1: is called an Infinite Returns. We're gonna talked about it. 837 00:47:21,400 --> 00:47:25,799 Speaker 1: Imagination is more important than knowledge, Einstein. Your image, your 838 00:47:25,840 --> 00:47:31,040 Speaker 1: imagination is unlimited, it's infinite. But what is limited is 839 00:47:31,160 --> 00:47:34,680 Speaker 1: your knowledge. And so why people tune into Mark Moss 840 00:47:35,120 --> 00:47:40,879 Speaker 1: is they want knowledge. The only limitation is knowledge, which 841 00:47:40,960 --> 00:47:44,840 Speaker 1: you don't get in school. So that's called Infinite Returns. 842 00:47:45,360 --> 00:47:48,080 Speaker 1: And then the second book as a guy named Jim records. 843 00:47:48,560 --> 00:47:51,800 Speaker 1: He's a good friend of mine, and we always forecast 844 00:47:51,880 --> 00:47:55,359 Speaker 1: the future. So we're coming out with a book called 845 00:47:55,400 --> 00:48:03,120 Speaker 1: The Ravens also, and it's about how how you prognosticate, prognosticated, 846 00:48:03,280 --> 00:48:07,720 Speaker 1: how do you study the past to see the future. Great, 847 00:48:08,000 --> 00:48:11,040 Speaker 1: it's called The Ravens. And just coincidentally, come to my 848 00:48:11,160 --> 00:48:14,960 Speaker 1: house in Arizona. There's two ravens. I've been sitting there 849 00:48:15,000 --> 00:48:18,879 Speaker 1: for twenty five years on the on the ass. That's 850 00:48:18,960 --> 00:48:22,200 Speaker 1: my only statute of these two ravens. And ravens and 851 00:48:22,280 --> 00:48:26,360 Speaker 1: Greek mythology where God's a prophets right, they can so 852 00:48:26,560 --> 00:48:28,200 Speaker 1: so records that I had next book, it's a long 853 00:48:28,280 --> 00:48:30,600 Speaker 1: I was saying, it is, how do you protect the future? 854 00:48:31,160 --> 00:48:33,719 Speaker 1: So both those books will look for next year. Yea, 855 00:48:34,960 --> 00:48:39,239 Speaker 1: all right, Well, Robert, it was an honor to have you. Uh. 856 00:48:39,520 --> 00:48:41,839 Speaker 1: Like I said, I was had so many questions to ask. 857 00:48:41,920 --> 00:48:43,920 Speaker 1: I'm glad we got through most of those. I appreciate 858 00:48:43,920 --> 00:48:46,399 Speaker 1: you taking the time to come speak to us today. Mark, 859 00:48:46,480 --> 00:48:49,240 Speaker 1: you do a great job. You're a credible, prodible teacher, 860 00:48:49,920 --> 00:48:51,520 Speaker 1: and there's a lot of guys on YouTube, you know, 861 00:48:51,600 --> 00:48:55,759 Speaker 1: who are not, so I commend you. Thank you so much, Robert. Well, 862 00:48:55,920 --> 00:49:02,520 Speaker 1: we'll see you soon, ye Nectarsferd of