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Speaker 1: The World Economic Forum says that by twenty thirty we

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Speaker 1: will own nothing and be happy. So how close have

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Speaker 1: they pushed us towards that goal? Carol Roth just wrote

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Speaker 1: a book on it called You Will Own Nothing. She's,

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Speaker 1: of course, a New York Times bestselling author. We've talked

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Speaker 1: to her about her last book, The War in Small Business.

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Speaker 1: She joins us to break it all down stay tuned

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Speaker 1: for Carol. Well, Carol, it's so good to have you on.

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Speaker 2: You know, love your.

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Speaker 1: Work, consider you a friend, so I'm looking forward to

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Speaker 1: having this conversation about your new book.

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Speaker 3: I'm thrilled to be back with you, Lisa.

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Speaker 4: We always have such a fun time when we chat,

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Speaker 4: and the subject matter is so important, So I'm thrilled

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Speaker 4: that you're giving your listeners an early sneak peek as

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Speaker 4: to what's ahead.

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Speaker 2: And you're already crushing it.

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Speaker 1: You're already an Amazon bestseller in the book is not

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Speaker 1: even out yet, so that's pretty awesome for.

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Speaker 3: Three months ahead of time.

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Speaker 4: It's pretty unprecedented that the topic is really resonating with

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Speaker 4: people as it should. Obviously, just thrilled with the response

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Speaker 4: and you know, the ability to be able to help people.

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Speaker 1: Fight back well, I'm so happy for you, because that's

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Speaker 1: awesome to already be doing so well and it's not

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Speaker 1: even out. I love the title you will Own Nothing.

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Speaker 1: Of course, the title from the book comes from the

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Speaker 1: World Economic Forum, which says that by twenty thirty, we

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Speaker 1: will own nothing and be happy. They're nailing the own nothing,

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Speaker 1: but not not quite the be happy part.

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Speaker 3: Yeah, it's crazy.

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Speaker 4: When I first heard that this organization, the World Economic Forum,

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Speaker 4: which is littered with the elite of business leaders, political leaders,

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Speaker 4: very well connected people, we're somehow saying you will own

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Speaker 4: nothing and advocating basically for the end of private property.

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Speaker 4: I was like, there's no way that that's actually true.

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Speaker 4: That's got to be like somebody taking something out of context.

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Speaker 4: You know, there's just there's no way. So obviously I

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Speaker 4: did my own research, and you know, there it was.

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Speaker 4: You know, several years ago, there was an article on

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Speaker 4: their website, which by the way, has been scrubbed since,

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Speaker 4: but you can still find it with the wayback machine

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Speaker 4: that had their predictions, their tough predictions for twenty thirty,

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Speaker 4: with the number one being you will own nothing and

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Speaker 4: be happy.

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Speaker 3: And then a couple of years.

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Speaker 4: Later they did a video which I think is still

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Speaker 4: on their Twitter, but definitely you can find on YouTube

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Speaker 4: that recounted these predictions. And you have this very handsome

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Speaker 4: young man just smiling and you will own nothing and

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Speaker 4: be happy by twenty thirty, which is seven years from now.

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Speaker 4: And I'm like, that is a complete insanity. And so

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Speaker 4: it's always one of those things that stuck with me

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Speaker 4: in the back of my mind. And as I've been

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Speaker 4: talking to people and thinking about the wealth of issues,

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Speaker 4: from social credit or business social credit, which we know

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Speaker 4: is ESG, to the FED destroying the value of a dollar,

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Speaker 4: to all of the issues we've been facing financially based

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Speaker 4: on government decisions, whether it's you know, energy or stimulus

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Speaker 4: that led to it, whether it's big tech basically renting

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Speaker 4: everything to us as a service, and we actually, you know,

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Speaker 4: aren't getting anything, but they're getting wealthy, whether it's millennials

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Speaker 4: earning more than all of the the folks that have

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Speaker 4: come before them on an inflation adjusted basis. I mean,

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Speaker 4: they actually earn more than Baby boomers or Gen X

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Speaker 4: at the same time inflation adjusted, but they have no

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Speaker 4: housing and they have no wealth. We've got corporations competing

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Speaker 4: with people for housing. We have hedge funds and universities

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Speaker 4: endowments buying up land and water rights. You know, I'm

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Speaker 4: thinking about all of these things, and I'm going, what's

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Speaker 4: the through line here? Like there's something going on. And

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Speaker 4: I stepped out of my bed one day in April

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Speaker 4: of last year and I walked two paces and it

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Speaker 4: just hit me on the head. You will own nothing

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Speaker 4: like That's where this is all coming from. And in

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Speaker 4: my research, you know, I realized that we are on

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Speaker 4: this precipice of a new financial world order. This is

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Speaker 4: not something again that's conspiratorial. It happens on a regular basis.

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Speaker 4: We've only been the global center of the financial universe

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Speaker 4: for about eighty years. It was the British before us,

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Speaker 4: and the Dutch before them, and.

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Speaker 3: That our run here is getting a little long in

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Speaker 3: the tooth.

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Speaker 4: And it's clear that all of the people who are

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Speaker 4: well connected, whether it be the folks in our government,

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Speaker 4: the wef you know, big tech, whoever, they're all seeing

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Speaker 4: this and so they're trying to jockey to control every

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Speaker 4: resource they can as this.

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Speaker 3: Global financial world order shifts.

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Speaker 4: And in the process, if they own everything, what's left

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Speaker 4: for you nothing, So they have to sell it to

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Speaker 4: you that it's going to be a great thing. But

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Speaker 4: if you are a student of history, even in the least,

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Speaker 4: you know that every time people had no property rights,

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Speaker 4: it had no ownership. They were not only not wealthy,

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Speaker 4: they were not free. And they, certainly, I'm guessing, we're

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Speaker 4: not happy.

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Speaker 1: That's why they want us to own nothing, right. I mean,

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Speaker 1: it puts them in control role and it leaves us,

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Speaker 1: you know, essentially defenseless and dependent.

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Speaker 3: One hundred percent. That's exactly it.

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Speaker 4: They only care about what's in it for them, which

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Speaker 4: is human nature, which is why we had this really

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Speaker 4: cool setup in the United States based on a constitutional

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Speaker 4: republic to try to thwart that from happening, which you know,

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Speaker 4: work for some bit of time and then has.

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Speaker 3: Started to unravel.

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Speaker 4: But yeah, the more that they can hold and control,

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Speaker 4: the better off it is for them. They get to

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Speaker 4: be special and you get to be non special. Kind

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Speaker 4: of sounds like essential and non essential. When did when

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Speaker 4: did we hear that in recent history? And yeah, it's

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Speaker 4: it's a it's a good thing for them, and they

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Speaker 4: kind of don't care about what it means for anybody else.

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Speaker 4: So certainly that's the trajectory, and it does make us

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Speaker 4: more dependent on them, as you alluded to, which gives

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Speaker 4: them the ability to exert more power and more control

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Speaker 4: and make sure that that balance of you know, them

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Speaker 4: having stuff and being special and us being the pleabs

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Speaker 4: you know, continues.

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Speaker 1: On well, and it seems like COVID just really gave

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Speaker 1: them ample opportunity to sort of accelerate this goal of

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Speaker 1: us owning nothing one and just the government assuming more

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Speaker 1: power over us. And then you wrote about it, but

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Speaker 1: the crushing of small businesses and the centralization of everything.

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Speaker 4: Yeah, I mean it was the greatest most historic wealth

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Speaker 4: transfer of all time. Greatest meaning the largest, not greatest

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Speaker 4: meaning a good thing that you know that it had

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Speaker 4: ever happened in history. Trillions and trillions of dollars that

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Speaker 4: were just you know, moved from Main Street America to

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Speaker 4: Wall Street. And obviously we're still paying the price quite literally,

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Speaker 4: when you have things like inflation, you know that the

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Speaker 4: the people who are in the working in the middle

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Speaker 4: class really bear the brunt of that. So it you know,

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Speaker 4: it's a question of whether it sort of gave them

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Speaker 4: cover to do that or if it was all intentional,

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Speaker 4: which I think you can make a good argument that

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Speaker 4: this was a piece of the overall you will own

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Speaker 4: nothing plan, but it also did other things. You know,

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Speaker 4: it did things like cement social credit. When you think

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Speaker 4: of a vaccination card, you know, that's an early form

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Speaker 4: factor of a social credit card. You could not participate

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Speaker 4: in parts of society in certain places if you did

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Speaker 4: not have a card that said, you know, I'm socially acceptable.

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Speaker 4: So there were a lot of things that kind of started.

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Speaker 4: They had people who were cheerleading and backing the government

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Speaker 4: and not pushing back, and so it really did signal

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Speaker 4: to the elite, Wow, this is probably going to be

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Speaker 4: easier than we thought. And when you think about new

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Speaker 4: efforts that they're putting out, things like the potential for

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Speaker 4: a central bank digital currency also known as a CBDC,

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Speaker 4: a way to marry that social credit and gain control

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Speaker 4: over your money, you know, this kind of gave them

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Speaker 4: the confidence.

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Speaker 3: That, hey, we can do this.

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Speaker 4: Because I mean, I don't know about you, Lisa, but

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Speaker 4: when I was in February of twenty twenty, in March

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Speaker 4: of twenty twenty and seeing this COVID stuff going on going,

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Speaker 4: could they really get people to like close their businesses

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Speaker 4: and stay home at scale, like I don't think that's

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Speaker 4: going to happen.

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Speaker 3: And of course that's exactly what happened.

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Speaker 4: So now that we've been through that period, things that

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Speaker 4: you know, five or ten years ago we would have said, yeah,

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Speaker 4: it's probably not going to happen, or would take a

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Speaker 4: really long time.

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Speaker 3: I think we need to look at through a totally

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Speaker 3: different lens.

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Speaker 1: Well. I think what scared me the most about COVID

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Speaker 1: is just how easily people are manipulated. You look at

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Speaker 1: things that have happened throughout history and you're like, oh,

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Speaker 1: how would people go along with you know, terrible things.

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Speaker 2: And during COVID we really saw like, wow, you know

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Speaker 2: you have like.

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Speaker 1: Friends, you know, people kind of turning their backs on

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Speaker 1: you for making decisions in opposition to the ones they

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Speaker 1: were making, and you kind of paint a picture of Okay,

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Speaker 1: we could easily you could kind of see how these

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Speaker 1: things spiral and how easily people were actually willing to

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Speaker 1: give up control over their own lives and.

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Speaker 4: People that you thought were in your circle. Our mutual

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Speaker 4: friend Jesse Kelly talks about this all the time. How

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Speaker 4: you know your aunt Peggy, who you know was all

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Speaker 4: in on the vaccine, is like the first person to

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Speaker 4: ratch you out if you weren't following along with the orders.

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Speaker 4: And so it does give us that perspective. You know,

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Speaker 4: I don't use comparisons to the Holocaust or Nazi Germany lightly,

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Speaker 4: but you know, when you just look at a time

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Speaker 4: frame and how quickly that particular society devolved and how

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Speaker 4: they got people, whether it was for self preservation or

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Speaker 4: to just be aligned with right thing, you know, we're

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Speaker 4: turning on each other and creating that catalyst. You can say, well,

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Speaker 4: seven years from now twenty thirty isn't a very long time,

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Speaker 4: but in the scope of what we've just been through,

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Speaker 4: were some of these other historical situations that turn very quickly,

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Speaker 4: It's actually a really long time. I COVID thing was

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Speaker 4: just three years ago, so you know, think about that's

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Speaker 4: you know, two plus, you know, the amount of time

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Speaker 4: from now then it was backwards to the start of COVID.

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Speaker 1: It's also just scary seeing how quickly our society has

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Speaker 1: fallen in such short order. Uh, and out of the

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Speaker 1: leadership we currently have. You know, you talked about the

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Speaker 1: Central Bank digital currency. I know you've written it. You

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Speaker 1: wrote about this in the book as well, talk about

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Speaker 1: what it is and why people should be concerned about it.

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Speaker 4: So the interesting thing about central bank digital currency is

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Speaker 4: that they are using the interest in cryptocurrency, which is

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Speaker 4: a pushback against centralization, to conflate what a digital currency

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Speaker 4: is to confuse people and I believe to ultimately introduce it.

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Speaker 4: Cryptocurrency was, and particularly something like bitcoin, was created because

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Speaker 4: people did not have faith as they shouldn't in central banks,

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Speaker 4: including the FED, to you know, basically stand up and

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Speaker 4: and take their fiduciary duty to manage the purchasing power

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Speaker 4: of the dollar. And we've seen it degrade over time,

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Speaker 4: and so you know, the argument is, obviously you want

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Speaker 4: to have the money less centralized and certainly not dependent

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Speaker 4: on one entity that's aligned with government in terms of

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Speaker 4: their goals. So since that there's so much interest in that,

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Speaker 4: one of the things that country is around the world,

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Speaker 4: and I think particularly the advanced countries have been doing

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Speaker 4: is thinking about how to bring about their own digital currency.

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Speaker 4: But they're not doing it obviously in the spirit of centralization.

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Speaker 3: They're worried they're going to lose.

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Speaker 4: Control over the money supply if people migrate to other

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Speaker 4: things bitcoin or whatnot, then you lose a huge tool

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Speaker 4: of your ability to control people, and they certainly don't

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Speaker 4: want it to see that happen.

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Speaker 3: So they're basically saying.

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Speaker 4: Oh, no, no, well we'll do we'll do a digital currency

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Speaker 4: and it'll be safer. But it's entirely centralized. It's exactly

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Speaker 4: it stands that, you know, it's a polar opposite of

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Speaker 4: what a decentralized cryptocurrency like a bitcoin is meant to

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Speaker 4: stand for, and so what a central bank digital currency

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Speaker 4: could do.

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Speaker 3: And they have multiple levels which I won't get into

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Speaker 3: all of the wonkiness.

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Speaker 4: Here, but there's a level that they can use it

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Speaker 4: to communicate within the banking system amongst financial partners.

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Speaker 3: But then there's what's called.

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Speaker 4: The retail facing CBDC, and that's you and I using

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Speaker 4: that and using their digital dollar instead of the physical

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Speaker 4: dollar in our wallet or a proxy for a physical

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Speaker 4: dollar such as our credit cards or debit cards. So

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Speaker 4: just imagine that you have a dollar in your wallet,

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Speaker 4: right and that dollar has a microchip in it and

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Speaker 4: there is a code, and they know exactly what that

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Speaker 4: dollar is and who has been given to and they

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Speaker 4: know that you're holding it.

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Speaker 3: And you take that dollar to the.

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Speaker 4: Store and you try to give it to the store

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Speaker 4: clerk and they say, I'm sorry, we saw what you

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Speaker 4: posted on Facebook, Lisa. We don't like it, so we're

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Speaker 4: going to put you in a timeout for a while,

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Speaker 4: or Carol, you know, we know, let you like your burgers,

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Speaker 4: but you've had three this month already. They're bad for

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Speaker 4: the climates alone.

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Speaker 3: They're bad for the climates.

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Speaker 4: Yeah, so please stop eating burgers.

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Speaker 3: Moo moo. Whatever. So that's the kind of control that

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Speaker 3: they can have.

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Speaker 4: And as you can see, it really marries social credit

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Speaker 4: and that social agenda and what it is they're pushing

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Speaker 4: with the control over the money supply. They would have

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Speaker 4: the mechanism to track everything you do. I mean, yes,

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Speaker 4: they can generally look at you know, credit card statements.

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Speaker 4: I guess if they were to like subpoena them or something,

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Speaker 4: or maybe maybe there's a way for them to do that.

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Speaker 4: But like they can't track every little thing that you

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Speaker 4: do and everybody you tip out and whatnot. This would

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Speaker 4: literally let them track every move you make and potentially

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Speaker 4: give them the power to shut that off. And you say, oh,

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Speaker 4: they can't do that, it's not constitutional. Well, have you

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Speaker 4: lived through the last three years? And so my concern

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Speaker 4: is that even if people don't want to accept this,

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Speaker 4: that they're going to again trick the financially illiterate population.

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Speaker 3: Into making this happen.

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Speaker 4: So if you think about the stimulus that came out

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Speaker 4: under Biden, we all said, you know, this is the

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Speaker 4: American rescue plan. Don't take stimulus because you'll get like

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Speaker 4: a thousand bucks or whatever it was. But you're gonna

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Speaker 4: have massive inflation and it's going to cost you thousands

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Speaker 4: of dollars. And everyone's like, I want my Biden bucks,

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Speaker 4: give me my thousand dollars whatever, And then what happened.

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Speaker 4: You're now paying thousands and thousands and thousands more dollars

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Speaker 4: every single year because of inflation.

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Speaker 3: It's the same thing here. They may say, Lisa, I've

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Speaker 3: got a deal for you.

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Speaker 4: I'm going to trade you your one actual dollar.

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Speaker 3: I'm going to give you four digital dollars.

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Speaker 4: And you might go, that's amazing, I'm going to do that,

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Speaker 4: but you know what, each one of those are going

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Speaker 4: to be worth a quarter of what the actual dollar

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Speaker 4: is worth, because you dollars are a proxy for productivity,

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Speaker 4: and you can't just make them out about of nowhere

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Speaker 4: and then assume that everything's going to have the same value.

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Speaker 4: There's a math equation here, there's logic and reason and

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Speaker 4: it all goes together, which is why when they've been

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Speaker 4: printing this money out of nowhere. First it inflated assets,

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Speaker 4: which the elites love because that helped them out and

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Speaker 4: didn't help the average American out, and then ultimately ended

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Speaker 4: up crushing the Americans when it hit the spending piece

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Speaker 4: of the equation. So that's what we're fighting against. It

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Speaker 4: is the number one affront on personal freedoms and wealth

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Speaker 4: creation opportunities. It will affect your ability to earn, It

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Speaker 4: will affect your ability to spend to get services, think

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Speaker 4: about things like medical services. I'm sorry, Lisa, you know

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Speaker 4: you can't do this if you don't get the JEB

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Speaker 4: and we can't turn on your dollars. I mean, just

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Speaker 4: the amount of control is staggering. Not only that, it

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Speaker 4: just from a systemic standpoint, it's extremely risky because when

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Speaker 4: you have a decentralized financial system, if there's a cyber attack,

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Speaker 4: because this is all digital, right, there's a cyber attack

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Speaker 4: on one or two institutions like it could be a

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Speaker 4: big headache if it's a big institution, But it doesn't

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Speaker 4: bring down the whole system, because there are other places

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Speaker 4: that haven't been attacked. If everything is controlled by the Fed,

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Speaker 4: by the Central Bank, there is just one point of redundancy.

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Speaker 4: And if a hacker were to bring that down, which

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Speaker 4: they would have every incentive to do, that means the

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Speaker 4: entire US economy just comes to a grinding halt. It

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Speaker 4: could be too big to fail on a level that's

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Speaker 4: like ten times has been.

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Speaker 1: Take a quick commercial break more with Carol Roth. So

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Speaker 1: I think it worries me. Well, I know, Governor Santis

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Speaker 1: has said that we're going to reject central bank digital

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Speaker 1: currency here in Florida, and you know, he's warning people

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Speaker 1: about it and once to take steps to try to,

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Speaker 1: you know, keep it out of here. But I used

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Speaker 1: to hear people say things and I'm like, oh, no,

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Speaker 1: it's a conspiracy theory. Now, like you could tell me

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Speaker 1: that after COVID, you could tell me that, oh, like

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Speaker 1: Nancy Pelosi is a lizard person, I'd be like, maybe, you.

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Speaker 2: Know, because like, but I'm like.

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Speaker 3: It's possible, right, she does.

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Speaker 2: Kind of have certain time.

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Speaker 1: But you had talked about, you know, the digital currency

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Speaker 1: and the government's ability to track us. I mean, it

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Speaker 1: really does seem like that's the push on everything, right,

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Speaker 1: because even during COVID with the vaccine passports, you look

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Speaker 1: at China the way that they use them literally not

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Speaker 1: allowing people to leave their homes, right, disallowing them to

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Speaker 1: leave their homes depending on and also falsely saying people

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Speaker 1: had COVID when they didn't to keep them in their homes.

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Speaker 1: But but even beyond that, you know, you just mentioned

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Speaker 1: that the tracking with the Central Bank digital, but even

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Speaker 1: on electric vehicles as well, because if you look at

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Speaker 1: what the Chinese government does, they actually track their citizens

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Speaker 1: through electric vehicles. And so one of my concerns for that,

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Speaker 1: especially as we see Joe Biden, you know, essentially make it,

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Speaker 1: you know, trying doing his best to make it impossible

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Speaker 1: to own gas powered cars for stoves apparently, yeah, yeah,

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Speaker 1: exactly through you know, his restrictions and rules out of

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Speaker 1: different agencies.

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Speaker 2: I mean, is that the play here with electric vehicles?

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Speaker 1: Is it because they're easier to track or why do

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Speaker 1: you think they so desperately want and forcibly are trying

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Speaker 1: to push us in that direction.

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Speaker 4: I do think that it's related to the new financial

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Speaker 4: world order and trying to jockey for position to control resources.

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Speaker 4: So one thing is obviously there are certain countries around

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Speaker 4: the world that are very heavily dependent on oil. You know,

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Speaker 4: think about the big oil producing nations, and even though

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Speaker 4: the US has the capability to be the biggest producer

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Speaker 4: of oil, you know, it may be, hey, well if

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Speaker 4: we do this other thing, then you know, we can

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Speaker 4: kind of cut into their profits. And oh, by the way,

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Speaker 4: think about which states benefit in the United States from

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Speaker 4: oil and gas in terms of, you know, their own

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Speaker 4: revenue creation. It's not a lot of the Blue states, right,

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Speaker 4: It's a lot of the red states.

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Speaker 3: So here's a new scheme, a new way, you know,

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Speaker 3: through this climate cult this this.

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Speaker 4: Such dangerous emergence, so dangerous, Lisa, that they're going to

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Speaker 4: drive their private jets and build mansions on the waterfront

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Speaker 4: because they're so afraid. But I do think that it's

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Speaker 4: about it. It's a monetary push behind it. I mean,

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Speaker 4: the amount of money that they can make from investing

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Speaker 4: in these things and giving out favors, and the whole

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Speaker 4: consultant and professional class that has grown up around it.

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Speaker 4: I do think it is completely based on power and greed.

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Speaker 4: And then I think the fact that that's a trackable

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Speaker 4: thing is fantastic, but they have so many technologies and

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Speaker 4: so many things they're doing that could track us that

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Speaker 4: I think that you know, whether or not you buy

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Speaker 4: an electric vehicle, they could create the rules and regulations

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Speaker 4: to still be able to track you. The concerning part

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Speaker 4: is I think they're actually trying to get rid of vehicles.

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Speaker 4: Like I don't even think it's about electrical vehicles. I

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Speaker 4: think it's you know, they're coming up with these fifteen

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Speaker 4: minute cities and you know maybe these these you know,

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Speaker 4: autonomous fleets and things, and.

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Speaker 3: Oh you don't really again, you don't need to own

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Speaker 3: your car. You'd be so much happier.

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Speaker 4: Think about how much time it just sits idle in

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Speaker 4: your driveway. We'll just leave to the side that it's

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Speaker 4: you know, you know, it enables you to have freedom.

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Speaker 4: That's okay, but think you don't have to make that

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Speaker 4: payment and then you know, we can just help you

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Speaker 4: out and then you need to go to you know,

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Speaker 4: your your big meeting and get in your hail your

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Speaker 4: autonomous vehicle, and they say, I'm sorry, Carol, you sense

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Speaker 4: something bad on Twitter, so you're not going to.

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Speaker 3: Be able to leave your house today.

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Speaker 2: I would I would be guilty.

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Speaker 3: We would never well leave let out, which by the way,

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Speaker 3: was actually my dream. But as long as it's of.

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Speaker 1: My own volition, okay, yeah, exactly exactly, I'll be a

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Speaker 1: recluse on my own house.

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Speaker 3: Exactly right. It's okay to be it.

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Speaker 4: As long as you're the one, you have the agency

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Speaker 4: to make that decision.

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Speaker 1: Yeah, let me be an introvert on my own you know,

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Speaker 1: don't not by not forced. Yeah.

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Speaker 2: So obviously you did a.

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Speaker 1: Ton of research on this book. What kind of like

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Speaker 1: scared the hell out of you the most.

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Speaker 4: I mean, the whole thing when you put it all together,

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Speaker 4: is frightening. And I have more than six hundred sources

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Speaker 4: in the book, and a lot of them are like

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Speaker 4: mainstream media sources. So CBDC I think is the biggest

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Speaker 4: affront to our wealth and our freedoms because it is

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Speaker 4: just so irreversible once it starts. There's some other things that,

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Speaker 4: you know, maybe have a little maneuverability, but you go

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Speaker 4: back to the you know, is this a conspiracy theory? Well,

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Speaker 4: the New York Fed did a pilot with major financial companies,

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Speaker 4: about a dozen of them. I think it was sometime

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Speaker 4: last year. Maybe my months are all messed up. So

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Speaker 4: I think it was maybe like somewhere between July and

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Speaker 4: November of last year, the G seven countries came out

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Speaker 4: with joint principles.

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Speaker 3: For retail facing CBDCs.

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Speaker 4: We just saw video go viral about this, you know,

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Speaker 4: last week with Christine Legard of the IMF talking about

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Speaker 4: you know, this digital euro and the control that that's

435
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Speaker 4: going to happen. She thought she was talking to Zelenski

436
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Speaker 4: on the phone and she was talking to somebody else

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Speaker 4: and she kind of let this stuff all out in

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Speaker 4: the open. So again, these are things where they're doing

439
00:22:50,480 --> 00:22:52,280
Speaker 4: things and it's out in the public.

440
00:22:52,400 --> 00:22:56,880
Speaker 3: So like, why would you have principles for retail facing.

441
00:22:56,560 --> 00:22:59,480
Speaker 4: CBDC if you're like, oh, it's not anything we would

442
00:22:59,480 --> 00:23:04,520
Speaker 4: ever con So, you know, it's everything that I've researched.

443
00:23:04,840 --> 00:23:06,880
Speaker 3: These are not just like possibilities.

444
00:23:06,880 --> 00:23:11,000
Speaker 4: There are things that are actually happening, and you know

445
00:23:12,440 --> 00:23:15,800
Speaker 4: kind of across the table, you know, corporations competing with

446
00:23:15,920 --> 00:23:17,440
Speaker 4: individuals for their.

447
00:23:17,359 --> 00:23:19,280
Speaker 3: Homes and ESG.

448
00:23:19,520 --> 00:23:21,840
Speaker 4: I mean, all of these things, there's there's so much

449
00:23:21,880 --> 00:23:25,280
Speaker 4: of a push and there's so much real data behind it,

450
00:23:25,320 --> 00:23:28,439
Speaker 4: and I think that's probably the most important thing that

451
00:23:28,520 --> 00:23:31,040
Speaker 4: I've done in this book is I think people know

452
00:23:31,200 --> 00:23:33,679
Speaker 4: me as somebody with a lot of credibility and a

453
00:23:33,680 --> 00:23:37,840
Speaker 4: lot of common sense. You know, I have a very

454
00:23:38,080 --> 00:23:41,280
Speaker 4: good pedigree and you know, a good track record of

455
00:23:41,320 --> 00:23:42,640
Speaker 4: being pretty common sensible.

456
00:23:42,720 --> 00:23:43,919
Speaker 3: Goal I source things.

457
00:23:44,680 --> 00:23:48,000
Speaker 4: You know, it makes it makes it makes sense. The

458
00:23:48,080 --> 00:23:49,840
Speaker 4: problem is a lot of the people who've been talking

459
00:23:49,880 --> 00:23:54,199
Speaker 4: about this stuff are nuts and so you know, so

460
00:23:54,320 --> 00:23:57,159
Speaker 4: even though the nutty people can talk about things that

461
00:23:57,200 --> 00:24:01,360
Speaker 4: are true, the credibility factor isn't high. So I think

462
00:24:01,440 --> 00:24:03,399
Speaker 4: this is and this is This was a hard thing

463
00:24:03,440 --> 00:24:05,760
Speaker 4: when I was trying to find people to endorse my book.

464
00:24:05,760 --> 00:24:07,840
Speaker 4: And I got great people. I've got Glenn Back, I've

465
00:24:07,880 --> 00:24:10,480
Speaker 4: got Dana Lash, I've got Michael Schellenberger or Charles Payne.

466
00:24:11,000 --> 00:24:12,960
Speaker 3: But it was hard. There were a lot of people that,

467
00:24:13,040 --> 00:24:14,639
Speaker 3: like my publisher and I were like, yeah, we.

468
00:24:14,760 --> 00:24:18,159
Speaker 4: Just this person's kind of off the rails when you know,

469
00:24:18,200 --> 00:24:20,040
Speaker 4: they talk about these things, so we you know, even

470
00:24:20,040 --> 00:24:21,960
Speaker 4: though we like them as people and they say other

471
00:24:22,040 --> 00:24:25,439
Speaker 4: good things, like we just kind of can include them.

472
00:24:25,640 --> 00:24:29,480
Speaker 4: So that's I think the legitimacy here of like let's

473
00:24:29,520 --> 00:24:33,520
Speaker 4: just take this from a pure data and common sense standpoint,

474
00:24:33,840 --> 00:24:36,280
Speaker 4: and then we're going to empower you with the knowledge

475
00:24:36,320 --> 00:24:38,400
Speaker 4: so that you understand it and you can tell other

476
00:24:38,480 --> 00:24:40,600
Speaker 4: people about it in a way where it doesn't sound

477
00:24:40,720 --> 00:24:46,359
Speaker 4: you know that bleep crazy. And then also a plan

478
00:24:46,440 --> 00:24:48,840
Speaker 4: to fight back because you know it's one thing to

479
00:24:49,200 --> 00:24:51,480
Speaker 4: make everybody aware of this and then they go, well,

480
00:24:51,480 --> 00:24:52,160
Speaker 4: what can I do?

481
00:24:52,359 --> 00:24:54,440
Speaker 3: Like, you need to have a way.

482
00:24:54,320 --> 00:24:57,280
Speaker 4: To be able to make sure that you own everything

483
00:24:57,760 --> 00:25:00,680
Speaker 4: and do everything you can from a behavior real standpoint

484
00:25:00,680 --> 00:25:04,119
Speaker 4: and a financial standpoint to preserve the American dream. Because

485
00:25:04,840 --> 00:25:07,600
Speaker 4: one of the things I learned, and as you mentioned,

486
00:25:07,600 --> 00:25:10,720
Speaker 4: I'm a recovering investment banker, I've spent my career trying

487
00:25:10,720 --> 00:25:14,960
Speaker 4: to help people make money and preserve the American dream

488
00:25:15,080 --> 00:25:16,480
Speaker 4: that I am living proof of.

489
00:25:17,640 --> 00:25:20,640
Speaker 3: The American dream is what it's owning.

490
00:25:20,720 --> 00:25:23,760
Speaker 4: It's owning a house, right, That's what the American is

491
00:25:23,760 --> 00:25:27,720
Speaker 4: coming here and having that ownership, because ownership is what

492
00:25:27,800 --> 00:25:31,199
Speaker 4: creates wealth. You have tangible assets or some cases in

493
00:25:31,200 --> 00:25:35,000
Speaker 4: tangible assets, and they increase in value over time, and

494
00:25:35,040 --> 00:25:37,960
Speaker 4: that's different from just earning the things that when you

495
00:25:38,000 --> 00:25:41,600
Speaker 4: have an asset, it can grow exponentially. So if you

496
00:25:41,640 --> 00:25:44,239
Speaker 4: work and you earn that's what you get, but then

497
00:25:44,280 --> 00:25:46,160
Speaker 4: you have to put your money to work for you

498
00:25:46,480 --> 00:25:48,960
Speaker 4: and that's what creates that wealth and that comfort and

499
00:25:48,960 --> 00:25:51,080
Speaker 4: that dream. And you know, if you have a family,

500
00:25:51,160 --> 00:25:54,480
Speaker 4: that legacy for your family, and we have to preserve that.

501
00:25:54,480 --> 00:25:55,880
Speaker 4: That's so unique, you know.

502
00:25:55,840 --> 00:25:57,280
Speaker 2: It used to be in how do we do that?

503
00:25:57,320 --> 00:25:59,439
Speaker 2: Because we scared the hell out of people now.

504
00:25:59,359 --> 00:25:59,439
Speaker 3: So.

505
00:26:03,240 --> 00:26:05,520
Speaker 2: Give us some hope here, you know, what what what what?

506
00:26:05,560 --> 00:26:07,359
Speaker 1: You know? You know you're talking about owning things, but

507
00:26:07,480 --> 00:26:11,240
Speaker 1: you know, tell us what are like some easier steps

508
00:26:11,320 --> 00:26:13,560
Speaker 1: that people could take, regardless of age.

509
00:26:13,560 --> 00:26:15,879
Speaker 2: I know you mentioned millennials my age bracket.

510
00:26:15,920 --> 00:26:19,720
Speaker 1: We're kind of screwed comparedor or you know, our parents,

511
00:26:19,720 --> 00:26:22,000
Speaker 1: but you know, even our parents are trying to retire.

512
00:26:22,119 --> 00:26:24,960
Speaker 1: What can we all do to to try to combat

513
00:26:25,240 --> 00:26:26,320
Speaker 1: all this nonsense?

514
00:26:26,400 --> 00:26:29,399
Speaker 4: So it obviously depends on your financial situation. But if

515
00:26:29,440 --> 00:26:33,760
Speaker 4: you are a millennial, you're probably carrying some outside insane

516
00:26:33,840 --> 00:26:37,200
Speaker 4: amount of debt based on where you went to college,

517
00:26:37,280 --> 00:26:41,280
Speaker 4: assuming you went to college. Because obviously the government and

518
00:26:41,960 --> 00:26:44,760
Speaker 4: the universities have been in who is to extract wealth?

519
00:26:44,840 --> 00:26:47,160
Speaker 4: I mean, just think about how evil this is. They've

520
00:26:47,280 --> 00:26:52,000
Speaker 4: enriched the universities at the expense of young people, and

521
00:26:52,040 --> 00:26:55,600
Speaker 4: they have not only not given you degrees that allow

522
00:26:55,720 --> 00:26:58,760
Speaker 4: you to go out and you know, get a return

523
00:26:58,840 --> 00:27:01,840
Speaker 4: on that investment that you made, but they have delayed

524
00:27:01,880 --> 00:27:05,480
Speaker 4: your ability to create wealth and in some cases just

525
00:27:05,600 --> 00:27:09,240
Speaker 4: completely obliterated it. So you know, you're not gonna like

526
00:27:09,440 --> 00:27:11,960
Speaker 4: to hear this, but we got to get real here.

527
00:27:12,040 --> 00:27:14,280
Speaker 3: So you're going to do what I did, and you

528
00:27:14,320 --> 00:27:16,760
Speaker 3: can go into complete austerity.

529
00:27:16,920 --> 00:27:20,480
Speaker 4: You know, when I graduated from college a long time

530
00:27:20,520 --> 00:27:24,720
Speaker 4: before you did, I had forty thousand dollars in college debt.

531
00:27:24,760 --> 00:27:28,080
Speaker 4: But I knew that based on the jobs that I

532
00:27:28,119 --> 00:27:30,760
Speaker 4: got because remember I'm a recovering investment banker, so I

533
00:27:30,800 --> 00:27:34,960
Speaker 4: had a really nice career that if I took undertook

534
00:27:35,119 --> 00:27:38,320
Speaker 4: extreme austerity, that I would be able to get that

535
00:27:38,400 --> 00:27:38,840
Speaker 4: paid off.

536
00:27:38,840 --> 00:27:40,520
Speaker 3: And I paid it off in a year and a half.

537
00:27:40,560 --> 00:27:42,360
Speaker 3: And the way I did it.

538
00:27:41,960 --> 00:27:44,919
Speaker 4: Is I lived in like a hole in the wall

539
00:27:45,280 --> 00:27:47,960
Speaker 4: and next to me was a cardboard box with a

540
00:27:48,000 --> 00:27:50,439
Speaker 4: sheet over it is my bedside table, and so on

541
00:27:50,480 --> 00:27:54,919
Speaker 4: and so forth. So go into like an extreme austerity measure,

542
00:27:55,680 --> 00:27:58,439
Speaker 4: get that debt paid off, because even if it's you know,

543
00:27:59,080 --> 00:28:01,919
Speaker 4: tens of thousands of like I guarantee you if you

544
00:28:02,000 --> 00:28:04,600
Speaker 4: gave me what you spend your money on, I can

545
00:28:04,680 --> 00:28:06,480
Speaker 4: find a way for you to do it again.

546
00:28:06,520 --> 00:28:08,520
Speaker 3: You're not going to like it. But here's the thing.

547
00:28:08,600 --> 00:28:11,119
Speaker 4: Do you want to spend two or three years not,

548
00:28:11,520 --> 00:28:14,040
Speaker 4: you know, not worrying about it and then not having

549
00:28:14,040 --> 00:28:16,240
Speaker 4: to worry about money for the rest of your life,

550
00:28:16,280 --> 00:28:17,960
Speaker 4: or do you want to just worry about money for

551
00:28:18,000 --> 00:28:19,640
Speaker 4: the rest of your life. So if you do that,

552
00:28:20,520 --> 00:28:23,440
Speaker 4: then all of a sudden, Okay, now I don't have

553
00:28:23,520 --> 00:28:27,719
Speaker 4: this debt that's draining me to worry about anymore. Then

554
00:28:27,760 --> 00:28:30,680
Speaker 4: I'm going to take that money. I'm going to revamp

555
00:28:30,720 --> 00:28:33,080
Speaker 4: my spending. So maybe you know, I want to enjoy

556
00:28:33,119 --> 00:28:34,919
Speaker 4: my life, but it's not going to be so extravagant.

557
00:28:34,960 --> 00:28:37,919
Speaker 4: And I'm going to continue to invest, and I'm going

558
00:28:37,960 --> 00:28:41,400
Speaker 4: to invest in things that are hard assets where I

559
00:28:41,440 --> 00:28:43,880
Speaker 4: can things in a form factor, I can control things

560
00:28:43,920 --> 00:28:46,400
Speaker 4: that have the ability to grow. If you work for

561
00:28:46,440 --> 00:28:49,080
Speaker 4: a company that has a four to one k like,

562
00:28:49,240 --> 00:28:51,240
Speaker 4: you are going to want to take the match if

563
00:28:51,240 --> 00:28:53,600
Speaker 4: they offer one, because that means every dollar you put

564
00:28:53,640 --> 00:28:56,480
Speaker 4: in they are matching it. So on a net net

565
00:28:56,520 --> 00:29:01,160
Speaker 4: basis text deferred, right, It's like fifty of the buy

566
00:29:01,240 --> 00:29:03,160
Speaker 4: in for you, you're getting your data, you're getting double

567
00:29:03,200 --> 00:29:07,080
Speaker 4: the money. So things like that, taking like a small

568
00:29:07,080 --> 00:29:11,719
Speaker 4: amount maybe five percent, and investing in physical prescious metals,

569
00:29:11,960 --> 00:29:14,360
Speaker 4: going in and finding a way to buy a house.

570
00:29:14,400 --> 00:29:16,360
Speaker 4: And again it may not be in the city or

571
00:29:16,480 --> 00:29:20,280
Speaker 4: the neighborhood that you were hoping, but like start get

572
00:29:20,360 --> 00:29:23,120
Speaker 4: get in somewhere and build up equity instead of just

573
00:29:23,160 --> 00:29:25,840
Speaker 4: throwing that rent out the window. But it has to

574
00:29:25,840 --> 00:29:28,080
Speaker 4: be somewhere that you can afford, because if you end

575
00:29:28,160 --> 00:29:31,360
Speaker 4: up having to give that up, then you've just wasted

576
00:29:31,520 --> 00:29:31,920
Speaker 4: the money.

577
00:29:31,920 --> 00:29:33,480
Speaker 3: It's just no different than renting.

578
00:29:34,400 --> 00:29:37,240
Speaker 4: So you want to take those behaviors and really start

579
00:29:37,480 --> 00:29:38,760
Speaker 4: accumulating things.

580
00:29:39,040 --> 00:29:41,520
Speaker 3: And again, I know, like with millennials and gen z

581
00:29:41,880 --> 00:29:42,840
Speaker 3: like everything.

582
00:29:42,520 --> 00:29:46,280
Speaker 4: Digital, But think about the things that you're buying and like,

583
00:29:46,520 --> 00:29:47,200
Speaker 4: is there like.

584
00:29:47,520 --> 00:29:49,600
Speaker 3: Am I buying the hard copy book or am I

585
00:29:49,600 --> 00:29:52,640
Speaker 3: buying the kindle? Like get yourself in the habit of

586
00:29:52,960 --> 00:29:56,360
Speaker 3: getting things and owning things and realizing the value of

587
00:29:56,440 --> 00:30:01,440
Speaker 3: owning tangible things, and then there are no behavioral changes

588
00:30:01,520 --> 00:30:03,800
Speaker 3: that you know you can make. One of the things

589
00:30:03,800 --> 00:30:06,400
Speaker 3: that again Jesse Kelly talks about, is you know this

590
00:30:07,240 --> 00:30:09,760
Speaker 3: really kind of coming together in your community and living

591
00:30:10,200 --> 00:30:13,840
Speaker 3: with like minded people who will support each other and

592
00:30:13,960 --> 00:30:18,479
Speaker 3: have similar values and not do crazy things in terms

593
00:30:18,520 --> 00:30:21,520
Speaker 3: of the laws and getting involved. And again, there's a

594
00:30:21,600 --> 00:30:22,600
Speaker 3: litany of things.

595
00:30:22,400 --> 00:30:25,360
Speaker 4: To push back against, so you're not personally going to

596
00:30:25,360 --> 00:30:27,840
Speaker 4: be able to push back against all of them yourself,

597
00:30:28,120 --> 00:30:31,480
Speaker 4: but maybe you can divide and conquer and somebody's in

598
00:30:31,600 --> 00:30:35,000
Speaker 4: charge of the education piece and not making making sure

599
00:30:35,040 --> 00:30:35,360
Speaker 4: that you.

600
00:30:35,720 --> 00:30:37,920
Speaker 3: Have ownership over your children.

601
00:30:38,000 --> 00:30:40,640
Speaker 4: And again, I hate to use that phrase ownership over

602
00:30:40,680 --> 00:30:43,400
Speaker 4: another human being, but we all know that the schools

603
00:30:43,400 --> 00:30:46,960
Speaker 4: are trying to own that relationship. And if you've read

604
00:30:47,080 --> 00:30:49,920
Speaker 4: nineteen eighty four, you know that's exactly what they did

605
00:30:49,960 --> 00:30:52,600
Speaker 4: with the kids. The kids became spies and told told

606
00:30:52,640 --> 00:30:55,520
Speaker 4: on their parents. So you know, it's all these different

607
00:30:55,560 --> 00:30:58,480
Speaker 4: behavioral changes. Even on the tech front, like we've got

608
00:30:58,480 --> 00:31:01,480
Speaker 4: to really push for digital bill of rights because they

609
00:31:01,480 --> 00:31:04,840
Speaker 4: are becoming de facto governments and they are, as we

610
00:31:04,920 --> 00:31:09,080
Speaker 4: know from the Twitter files, working in concert with big

611
00:31:09,120 --> 00:31:13,520
Speaker 4: tech or excuse me, with government to limit your freedoms.

612
00:31:13,720 --> 00:31:18,560
Speaker 4: So pushings for us to have more rights and more ownership.

613
00:31:18,600 --> 00:31:20,840
Speaker 4: You know, if we're creating content, like we should own

614
00:31:20,920 --> 00:31:24,040
Speaker 4: that content. They should not be able to license that

615
00:31:24,400 --> 00:31:27,720
Speaker 4: to somebody else and not pay you like that's insanity.

616
00:31:28,120 --> 00:31:30,680
Speaker 4: And that's the agreement that you've signed with every social

617
00:31:30,760 --> 00:31:34,200
Speaker 4: media company that you've signed up for. So again, there's

618
00:31:34,400 --> 00:31:39,080
Speaker 4: there's a huge litany of learning of things, both behavioral

619
00:31:39,200 --> 00:31:43,600
Speaker 4: and financial, but it is possible. We can't stop the

620
00:31:43,600 --> 00:31:46,560
Speaker 4: new financial world order from happening, right, but we can

621
00:31:46,600 --> 00:31:49,280
Speaker 4: do things on a personal basis to make sure that

622
00:31:49,600 --> 00:31:52,120
Speaker 4: we and the people around us are in the best

623
00:31:52,120 --> 00:31:53,040
Speaker 4: position possible.

624
00:31:53,120 --> 00:31:56,320
Speaker 2: Carol, before we go, is Nancy Pelosi a lizard person?

625
00:31:58,160 --> 00:32:01,440
Speaker 4: Through I did extensive research in my book, and while

626
00:32:01,480 --> 00:32:05,840
Speaker 4: she is not a lizard person, to my knowledge, I

627
00:32:06,080 --> 00:32:09,240
Speaker 4: don't have anything that's said that she is a really

628
00:32:09,280 --> 00:32:13,520
Speaker 4: good Her and her husband they're really good investors, and

629
00:32:13,720 --> 00:32:16,840
Speaker 4: they actually have made a ton of money based on

630
00:32:16,920 --> 00:32:19,640
Speaker 4: the fact that they make decisions and then they get

631
00:32:19,680 --> 00:32:22,200
Speaker 4: invested in the companies based on the decisions that they've made,

632
00:32:22,520 --> 00:32:25,280
Speaker 4: which for the rest of us would be called insider trading,

633
00:32:25,320 --> 00:32:30,120
Speaker 4: but for her is called capitalism, I guess. And there's

634
00:32:30,160 --> 00:32:33,920
Speaker 4: actually stock trackers, there's Unusual Wales, dot com and some

635
00:32:34,000 --> 00:32:37,960
Speaker 4: other places that actually track the trading of people in

636
00:32:38,000 --> 00:32:41,000
Speaker 4: Congress with the Pelosis being at the top of the list.

637
00:32:41,120 --> 00:32:43,720
Speaker 4: So maybe one way for you to own everything is

638
00:32:43,760 --> 00:32:46,600
Speaker 4: to just keep an eye on mister and missus Pelosi.

639
00:32:46,960 --> 00:32:52,560
Speaker 2: Older leads do not follow. Jim Kramer on a CNBC followed.

640
00:32:55,440 --> 00:32:57,560
Speaker 3: Isn't that funny? Who would have thought? Right?

641
00:32:58,400 --> 00:33:01,000
Speaker 1: They're the best? You will own thing is out on

642
00:33:01,120 --> 00:33:04,040
Speaker 1: July eighteenth. It's already crushing it. You can get it

643
00:33:04,040 --> 00:33:06,680
Speaker 1: on pre order, already an Amazon bestseller. I'm so proud

644
00:33:06,680 --> 00:33:08,320
Speaker 1: of you and happy for you. Thanks so much for

645
00:33:08,640 --> 00:33:10,720
Speaker 1: taking the time and just happy for your success.

646
00:33:11,000 --> 00:33:14,240
Speaker 4: Thank you, Thank you, and Lisa and everyone listening. Make

647
00:33:14,280 --> 00:33:16,560
Speaker 4: sure you go out and own everything.

648
00:33:16,760 --> 00:33:18,440
Speaker 2: Yes, yes, yes, let's own everything.

649
00:33:18,680 --> 00:33:20,080
Speaker 3: Well then you'll be happy.

650
00:33:20,920 --> 00:33:23,800
Speaker 2: We'll own everything. Just to spite them so exactly. I

651
00:33:23,840 --> 00:33:27,440
Speaker 2: can't let them join them exactly. Take care, Carol, thank you,

652
00:33:28,120 --> 00:33:28,560
Speaker 2: thank you.

653
00:33:33,760 --> 00:33:36,320
Speaker 1: That was Carol Roth. Always love having her on the show.

654
00:33:36,400 --> 00:33:39,280
Speaker 1: She's so smart but also just funny and enjoyable to

655
00:33:39,840 --> 00:33:41,960
Speaker 1: talk to. You so appreciate her making the time. Everyone

656
00:33:42,040 --> 00:33:44,080
Speaker 1: go out and get her book, You Will Own Nothing.

657
00:33:44,120 --> 00:33:47,160
Speaker 1: It's out on July eighteenth. I want to thank you

658
00:33:47,200 --> 00:33:49,240
Speaker 1: for listening to the show every Monday, and Thursday, but

659
00:33:49,280 --> 00:33:51,600
Speaker 1: you can listen throughout the week. Please leave us a

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00:33:51,600 --> 00:33:54,080
Speaker 1: review on Apple Podcast, give us a rating. I want

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00:33:54,080 --> 00:33:56,240
Speaker 1: to thank John Cassio and my producer for putting the

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00:33:56,240 --> 00:33:56,840
Speaker 1: show together.

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00:33:57,040 --> 00:33:57,800
Speaker 2: Until next time,