Speaker 1: The World Economic Forum says that by twenty thirty we
Speaker 1: will own nothing and be happy. So how close have
Speaker 1: they pushed us towards that goal? Carol Roth just wrote
Speaker 1: a book on it called You Will Own Nothing. She's,
Speaker 1: of course, a New York Times bestselling author. We've talked
Speaker 1: to her about her last book, The War in Small Business.
Speaker 1: She joins us to break it all down stay tuned
Speaker 1: for Carol. Well, Carol, it's so good to have you on.
Speaker 2: You know, love your.
Speaker 1: Work, consider you a friend, so I'm looking forward to
Speaker 1: having this conversation about your new book.
Speaker 3: I'm thrilled to be back with you, Lisa.
Speaker 4: We always have such a fun time when we chat,
Speaker 4: and the subject matter is so important, So I'm thrilled
Speaker 4: that you're giving your listeners an early sneak peek as
Speaker 4: to what's ahead.
Speaker 2: And you're already crushing it.
Speaker 1: You're already an Amazon bestseller in the book is not
Speaker 1: even out yet, so that's pretty awesome for.
Speaker 3: Three months ahead of time.
Speaker 4: It's pretty unprecedented that the topic is really resonating with
Speaker 4: people as it should. Obviously, just thrilled with the response
Speaker 4: and you know, the ability to be able to help people.
Speaker 1: Fight back well, I'm so happy for you, because that's
Speaker 1: awesome to already be doing so well and it's not
Speaker 1: even out. I love the title you will Own Nothing.
Speaker 1: Of course, the title from the book comes from the
Speaker 1: World Economic Forum, which says that by twenty thirty, we
Speaker 1: will own nothing and be happy. They're nailing the own nothing,
Speaker 1: but not not quite the be happy part.
Speaker 3: Yeah, it's crazy.
Speaker 4: When I first heard that this organization, the World Economic Forum,
Speaker 4: which is littered with the elite of business leaders, political leaders,
Speaker 4: very well connected people, we're somehow saying you will own
Speaker 4: nothing and advocating basically for the end of private property.
Speaker 4: I was like, there's no way that that's actually true.
Speaker 4: That's got to be like somebody taking something out of context.
Speaker 4: You know, there's just there's no way. So obviously I
Speaker 4: did my own research, and you know, there it was.
Speaker 4: You know, several years ago, there was an article on
Speaker 4: their website, which by the way, has been scrubbed since,
Speaker 4: but you can still find it with the wayback machine
Speaker 4: that had their predictions, their tough predictions for twenty thirty,
Speaker 4: with the number one being you will own nothing and
Speaker 4: be happy.
Speaker 3: And then a couple of years.
Speaker 4: Later they did a video which I think is still
Speaker 4: on their Twitter, but definitely you can find on YouTube
Speaker 4: that recounted these predictions. And you have this very handsome
Speaker 4: young man just smiling and you will own nothing and
Speaker 4: be happy by twenty thirty, which is seven years from now.
Speaker 4: And I'm like, that is a complete insanity. And so
Speaker 4: it's always one of those things that stuck with me
Speaker 4: in the back of my mind. And as I've been
Speaker 4: talking to people and thinking about the wealth of issues,
Speaker 4: from social credit or business social credit, which we know
Speaker 4: is ESG, to the FED destroying the value of a dollar,
Speaker 4: to all of the issues we've been facing financially based
Speaker 4: on government decisions, whether it's you know, energy or stimulus
Speaker 4: that led to it, whether it's big tech basically renting
Speaker 4: everything to us as a service, and we actually, you know,
Speaker 4: aren't getting anything, but they're getting wealthy, whether it's millennials
Speaker 4: earning more than all of the the folks that have
Speaker 4: come before them on an inflation adjusted basis. I mean,
Speaker 4: they actually earn more than Baby boomers or Gen X
Speaker 4: at the same time inflation adjusted, but they have no
Speaker 4: housing and they have no wealth. We've got corporations competing
Speaker 4: with people for housing. We have hedge funds and universities
Speaker 4: endowments buying up land and water rights. You know, I'm
Speaker 4: thinking about all of these things, and I'm going, what's
Speaker 4: the through line here? Like there's something going on. And
Speaker 4: I stepped out of my bed one day in April
Speaker 4: of last year and I walked two paces and it
Speaker 4: just hit me on the head. You will own nothing
Speaker 4: like That's where this is all coming from. And in
Speaker 4: my research, you know, I realized that we are on
Speaker 4: this precipice of a new financial world order. This is
Speaker 4: not something again that's conspiratorial. It happens on a regular basis.
Speaker 4: We've only been the global center of the financial universe
Speaker 4: for about eighty years. It was the British before us,
Speaker 4: and the Dutch before them, and.
Speaker 3: That our run here is getting a little long in
Speaker 3: the tooth.
Speaker 4: And it's clear that all of the people who are
Speaker 4: well connected, whether it be the folks in our government,
Speaker 4: the wef you know, big tech, whoever, they're all seeing
Speaker 4: this and so they're trying to jockey to control every
Speaker 4: resource they can as this.
Speaker 3: Global financial world order shifts.
Speaker 4: And in the process, if they own everything, what's left
Speaker 4: for you nothing, So they have to sell it to
Speaker 4: you that it's going to be a great thing. But
Speaker 4: if you are a student of history, even in the least,
Speaker 4: you know that every time people had no property rights,
Speaker 4: it had no ownership. They were not only not wealthy,
Speaker 4: they were not free. And they, certainly, I'm guessing, we're
Speaker 4: not happy.
Speaker 1: That's why they want us to own nothing, right. I mean,
Speaker 1: it puts them in control role and it leaves us,
Speaker 1: you know, essentially defenseless and dependent.
Speaker 3: One hundred percent. That's exactly it.
Speaker 4: They only care about what's in it for them, which
Speaker 4: is human nature, which is why we had this really
Speaker 4: cool setup in the United States based on a constitutional
Speaker 4: republic to try to thwart that from happening, which you know,
Speaker 4: work for some bit of time and then has.
Speaker 3: Started to unravel.
Speaker 4: But yeah, the more that they can hold and control,
Speaker 4: the better off it is for them. They get to
Speaker 4: be special and you get to be non special. Kind
Speaker 4: of sounds like essential and non essential. When did when
Speaker 4: did we hear that in recent history? And yeah, it's
Speaker 4: it's a it's a good thing for them, and they
Speaker 4: kind of don't care about what it means for anybody else.
Speaker 4: So certainly that's the trajectory, and it does make us
Speaker 4: more dependent on them, as you alluded to, which gives
Speaker 4: them the ability to exert more power and more control
Speaker 4: and make sure that that balance of you know, them
Speaker 4: having stuff and being special and us being the pleabs
Speaker 4: you know, continues.
Speaker 1: On well, and it seems like COVID just really gave
Speaker 1: them ample opportunity to sort of accelerate this goal of
Speaker 1: us owning nothing one and just the government assuming more
Speaker 1: power over us. And then you wrote about it, but
Speaker 1: the crushing of small businesses and the centralization of everything.
Speaker 4: Yeah, I mean it was the greatest most historic wealth
Speaker 4: transfer of all time. Greatest meaning the largest, not greatest
Speaker 4: meaning a good thing that you know that it had
Speaker 4: ever happened in history. Trillions and trillions of dollars that
Speaker 4: were just you know, moved from Main Street America to
Speaker 4: Wall Street. And obviously we're still paying the price quite literally,
Speaker 4: when you have things like inflation, you know that the
Speaker 4: the people who are in the working in the middle
Speaker 4: class really bear the brunt of that. So it you know,
Speaker 4: it's a question of whether it sort of gave them
Speaker 4: cover to do that or if it was all intentional,
Speaker 4: which I think you can make a good argument that
Speaker 4: this was a piece of the overall you will own
Speaker 4: nothing plan, but it also did other things. You know,
Speaker 4: it did things like cement social credit. When you think
Speaker 4: of a vaccination card, you know, that's an early form
Speaker 4: factor of a social credit card. You could not participate
Speaker 4: in parts of society in certain places if you did
Speaker 4: not have a card that said, you know, I'm socially acceptable.
Speaker 4: So there were a lot of things that kind of started.
Speaker 4: They had people who were cheerleading and backing the government
Speaker 4: and not pushing back, and so it really did signal
Speaker 4: to the elite, Wow, this is probably going to be
Speaker 4: easier than we thought. And when you think about new
Speaker 4: efforts that they're putting out, things like the potential for
Speaker 4: a central bank digital currency also known as a CBDC,
Speaker 4: a way to marry that social credit and gain control
Speaker 4: over your money, you know, this kind of gave them
Speaker 4: the confidence.
Speaker 3: That, hey, we can do this.
Speaker 4: Because I mean, I don't know about you, Lisa, but
Speaker 4: when I was in February of twenty twenty, in March
Speaker 4: of twenty twenty and seeing this COVID stuff going on going,
Speaker 4: could they really get people to like close their businesses
Speaker 4: and stay home at scale, like I don't think that's
Speaker 4: going to happen.
Speaker 3: And of course that's exactly what happened.
Speaker 4: So now that we've been through that period, things that
Speaker 4: you know, five or ten years ago we would have said, yeah,
Speaker 4: it's probably not going to happen, or would take a
Speaker 4: really long time.
Speaker 3: I think we need to look at through a totally
Speaker 3: different lens.
Speaker 1: Well. I think what scared me the most about COVID
Speaker 1: is just how easily people are manipulated. You look at
Speaker 1: things that have happened throughout history and you're like, oh,
Speaker 1: how would people go along with you know, terrible things.
Speaker 2: And during COVID we really saw like, wow, you know
Speaker 2: you have like.
Speaker 1: Friends, you know, people kind of turning their backs on
Speaker 1: you for making decisions in opposition to the ones they
Speaker 1: were making, and you kind of paint a picture of Okay,
Speaker 1: we could easily you could kind of see how these
Speaker 1: things spiral and how easily people were actually willing to
Speaker 1: give up control over their own lives and.
Speaker 4: People that you thought were in your circle. Our mutual
Speaker 4: friend Jesse Kelly talks about this all the time. How
Speaker 4: you know your aunt Peggy, who you know was all
Speaker 4: in on the vaccine, is like the first person to
Speaker 4: ratch you out if you weren't following along with the orders.
Speaker 4: And so it does give us that perspective. You know,
Speaker 4: I don't use comparisons to the Holocaust or Nazi Germany lightly,
Speaker 4: but you know, when you just look at a time
Speaker 4: frame and how quickly that particular society devolved and how
Speaker 4: they got people, whether it was for self preservation or
Speaker 4: to just be aligned with right thing, you know, we're
Speaker 4: turning on each other and creating that catalyst. You can say, well,
Speaker 4: seven years from now twenty thirty isn't a very long time,
Speaker 4: but in the scope of what we've just been through,
Speaker 4: were some of these other historical situations that turn very quickly,
Speaker 4: It's actually a really long time. I COVID thing was
Speaker 4: just three years ago, so you know, think about that's
Speaker 4: you know, two plus, you know, the amount of time
Speaker 4: from now then it was backwards to the start of COVID.
Speaker 1: It's also just scary seeing how quickly our society has
Speaker 1: fallen in such short order. Uh, and out of the
Speaker 1: leadership we currently have. You know, you talked about the
Speaker 1: Central Bank digital currency. I know you've written it. You
Speaker 1: wrote about this in the book as well, talk about
Speaker 1: what it is and why people should be concerned about it.
Speaker 4: So the interesting thing about central bank digital currency is
Speaker 4: that they are using the interest in cryptocurrency, which is
Speaker 4: a pushback against centralization, to conflate what a digital currency
Speaker 4: is to confuse people and I believe to ultimately introduce it.
Speaker 4: Cryptocurrency was, and particularly something like bitcoin, was created because
Speaker 4: people did not have faith as they shouldn't in central banks,
Speaker 4: including the FED, to you know, basically stand up and
Speaker 4: and take their fiduciary duty to manage the purchasing power
Speaker 4: of the dollar. And we've seen it degrade over time,
Speaker 4: and so you know, the argument is, obviously you want
Speaker 4: to have the money less centralized and certainly not dependent
Speaker 4: on one entity that's aligned with government in terms of
Speaker 4: their goals. So since that there's so much interest in that,
Speaker 4: one of the things that country is around the world,
Speaker 4: and I think particularly the advanced countries have been doing
Speaker 4: is thinking about how to bring about their own digital currency.
Speaker 4: But they're not doing it obviously in the spirit of centralization.
Speaker 3: They're worried they're going to lose.
Speaker 4: Control over the money supply if people migrate to other
Speaker 4: things bitcoin or whatnot, then you lose a huge tool
Speaker 4: of your ability to control people, and they certainly don't
Speaker 4: want it to see that happen.
Speaker 3: So they're basically saying.
Speaker 4: Oh, no, no, well we'll do we'll do a digital currency
Speaker 4: and it'll be safer. But it's entirely centralized. It's exactly
Speaker 4: it stands that, you know, it's a polar opposite of
Speaker 4: what a decentralized cryptocurrency like a bitcoin is meant to
Speaker 4: stand for, and so what a central bank digital currency
Speaker 4: could do.
Speaker 3: And they have multiple levels which I won't get into
Speaker 3: all of the wonkiness.
Speaker 4: Here, but there's a level that they can use it
Speaker 4: to communicate within the banking system amongst financial partners.
Speaker 3: But then there's what's called.
Speaker 4: The retail facing CBDC, and that's you and I using
Speaker 4: that and using their digital dollar instead of the physical
Speaker 4: dollar in our wallet or a proxy for a physical
Speaker 4: dollar such as our credit cards or debit cards. So
Speaker 4: just imagine that you have a dollar in your wallet,
Speaker 4: right and that dollar has a microchip in it and
Speaker 4: there is a code, and they know exactly what that
Speaker 4: dollar is and who has been given to and they
Speaker 4: know that you're holding it.
Speaker 3: And you take that dollar to the.
Speaker 4: Store and you try to give it to the store
Speaker 4: clerk and they say, I'm sorry, we saw what you
Speaker 4: posted on Facebook, Lisa. We don't like it, so we're
Speaker 4: going to put you in a timeout for a while,
Speaker 4: or Carol, you know, we know, let you like your burgers,
Speaker 4: but you've had three this month already. They're bad for
Speaker 4: the climates alone.
Speaker 3: They're bad for the climates.
Speaker 4: Yeah, so please stop eating burgers.
Speaker 3: Moo moo. Whatever. So that's the kind of control that
Speaker 3: they can have.
Speaker 4: And as you can see, it really marries social credit
Speaker 4: and that social agenda and what it is they're pushing
Speaker 4: with the control over the money supply. They would have
Speaker 4: the mechanism to track everything you do. I mean, yes,
Speaker 4: they can generally look at you know, credit card statements.
Speaker 4: I guess if they were to like subpoena them or something,
Speaker 4: or maybe maybe there's a way for them to do that.
Speaker 4: But like they can't track every little thing that you
Speaker 4: do and everybody you tip out and whatnot. This would
Speaker 4: literally let them track every move you make and potentially
Speaker 4: give them the power to shut that off. And you say, oh,
Speaker 4: they can't do that, it's not constitutional. Well, have you
Speaker 4: lived through the last three years? And so my concern
Speaker 4: is that even if people don't want to accept this,
Speaker 4: that they're going to again trick the financially illiterate population.
Speaker 3: Into making this happen.
Speaker 4: So if you think about the stimulus that came out
Speaker 4: under Biden, we all said, you know, this is the
Speaker 4: American rescue plan. Don't take stimulus because you'll get like
Speaker 4: a thousand bucks or whatever it was. But you're gonna
Speaker 4: have massive inflation and it's going to cost you thousands
Speaker 4: of dollars. And everyone's like, I want my Biden bucks,
Speaker 4: give me my thousand dollars whatever, And then what happened.
Speaker 4: You're now paying thousands and thousands and thousands more dollars
Speaker 4: every single year because of inflation.
Speaker 3: It's the same thing here. They may say, Lisa, I've
Speaker 3: got a deal for you.
Speaker 4: I'm going to trade you your one actual dollar.
Speaker 3: I'm going to give you four digital dollars.
Speaker 4: And you might go, that's amazing, I'm going to do that,
Speaker 4: but you know what, each one of those are going
Speaker 4: to be worth a quarter of what the actual dollar
Speaker 4: is worth, because you dollars are a proxy for productivity,
Speaker 4: and you can't just make them out about of nowhere
Speaker 4: and then assume that everything's going to have the same value.
Speaker 4: There's a math equation here, there's logic and reason and
Speaker 4: it all goes together, which is why when they've been
Speaker 4: printing this money out of nowhere. First it inflated assets,
Speaker 4: which the elites love because that helped them out and
Speaker 4: didn't help the average American out, and then ultimately ended
Speaker 4: up crushing the Americans when it hit the spending piece
Speaker 4: of the equation. So that's what we're fighting against. It
Speaker 4: is the number one affront on personal freedoms and wealth
Speaker 4: creation opportunities. It will affect your ability to earn, It
Speaker 4: will affect your ability to spend to get services, think
Speaker 4: about things like medical services. I'm sorry, Lisa, you know
Speaker 4: you can't do this if you don't get the JEB
Speaker 4: and we can't turn on your dollars. I mean, just
Speaker 4: the amount of control is staggering. Not only that, it
Speaker 4: just from a systemic standpoint, it's extremely risky because when
Speaker 4: you have a decentralized financial system, if there's a cyber attack,
Speaker 4: because this is all digital, right, there's a cyber attack
Speaker 4: on one or two institutions like it could be a
Speaker 4: big headache if it's a big institution, But it doesn't
Speaker 4: bring down the whole system, because there are other places
Speaker 4: that haven't been attacked. If everything is controlled by the Fed,
Speaker 4: by the Central Bank, there is just one point of redundancy.
Speaker 4: And if a hacker were to bring that down, which
Speaker 4: they would have every incentive to do, that means the
Speaker 4: entire US economy just comes to a grinding halt. It
Speaker 4: could be too big to fail on a level that's
Speaker 4: like ten times has been.
Speaker 1: Take a quick commercial break more with Carol Roth. So
Speaker 1: I think it worries me. Well, I know, Governor Santis
Speaker 1: has said that we're going to reject central bank digital
Speaker 1: currency here in Florida, and you know, he's warning people
Speaker 1: about it and once to take steps to try to,
Speaker 1: you know, keep it out of here. But I used
Speaker 1: to hear people say things and I'm like, oh, no,
Speaker 1: it's a conspiracy theory. Now, like you could tell me
Speaker 1: that after COVID, you could tell me that, oh, like
Speaker 1: Nancy Pelosi is a lizard person, I'd be like, maybe, you.
Speaker 2: Know, because like, but I'm like.
Speaker 3: It's possible, right, she does.
Speaker 2: Kind of have certain time.
Speaker 1: But you had talked about, you know, the digital currency
Speaker 1: and the government's ability to track us. I mean, it
Speaker 1: really does seem like that's the push on everything, right,
Speaker 1: because even during COVID with the vaccine passports, you look
Speaker 1: at China the way that they use them literally not
Speaker 1: allowing people to leave their homes, right, disallowing them to
Speaker 1: leave their homes depending on and also falsely saying people
Speaker 1: had COVID when they didn't to keep them in their homes.
Speaker 1: But but even beyond that, you know, you just mentioned
Speaker 1: that the tracking with the Central Bank digital, but even
Speaker 1: on electric vehicles as well, because if you look at
Speaker 1: what the Chinese government does, they actually track their citizens
Speaker 1: through electric vehicles. And so one of my concerns for that,
Speaker 1: especially as we see Joe Biden, you know, essentially make it,
Speaker 1: you know, trying doing his best to make it impossible
Speaker 1: to own gas powered cars for stoves apparently, yeah, yeah,
Speaker 1: exactly through you know, his restrictions and rules out of
Speaker 1: different agencies.
Speaker 2: I mean, is that the play here with electric vehicles?
Speaker 1: Is it because they're easier to track or why do
Speaker 1: you think they so desperately want and forcibly are trying
Speaker 1: to push us in that direction.
Speaker 4: I do think that it's related to the new financial
Speaker 4: world order and trying to jockey for position to control resources.
Speaker 4: So one thing is obviously there are certain countries around
Speaker 4: the world that are very heavily dependent on oil. You know,
Speaker 4: think about the big oil producing nations, and even though
Speaker 4: the US has the capability to be the biggest producer
Speaker 4: of oil, you know, it may be, hey, well if
Speaker 4: we do this other thing, then you know, we can
Speaker 4: kind of cut into their profits. And oh, by the way,
Speaker 4: think about which states benefit in the United States from
Speaker 4: oil and gas in terms of, you know, their own
Speaker 4: revenue creation. It's not a lot of the Blue states, right,
Speaker 4: It's a lot of the red states.
Speaker 3: So here's a new scheme, a new way, you know,
Speaker 3: through this climate cult this this.
Speaker 4: Such dangerous emergence, so dangerous, Lisa, that they're going to
Speaker 4: drive their private jets and build mansions on the waterfront
Speaker 4: because they're so afraid. But I do think that it's
Speaker 4: about it. It's a monetary push behind it. I mean,
Speaker 4: the amount of money that they can make from investing
Speaker 4: in these things and giving out favors, and the whole
Speaker 4: consultant and professional class that has grown up around it.
Speaker 4: I do think it is completely based on power and greed.
Speaker 4: And then I think the fact that that's a trackable
Speaker 4: thing is fantastic, but they have so many technologies and
Speaker 4: so many things they're doing that could track us that
Speaker 4: I think that you know, whether or not you buy
Speaker 4: an electric vehicle, they could create the rules and regulations
Speaker 4: to still be able to track you. The concerning part
Speaker 4: is I think they're actually trying to get rid of vehicles.
Speaker 4: Like I don't even think it's about electrical vehicles. I
Speaker 4: think it's you know, they're coming up with these fifteen
Speaker 4: minute cities and you know maybe these these you know,
Speaker 4: autonomous fleets and things, and.
Speaker 3: Oh you don't really again, you don't need to own
Speaker 3: your car. You'd be so much happier.
Speaker 4: Think about how much time it just sits idle in
Speaker 4: your driveway. We'll just leave to the side that it's
Speaker 4: you know, you know, it enables you to have freedom.
Speaker 4: That's okay, but think you don't have to make that
Speaker 4: payment and then you know, we can just help you
Speaker 4: out and then you need to go to you know,
Speaker 4: your your big meeting and get in your hail your
Speaker 4: autonomous vehicle, and they say, I'm sorry, Carol, you sense
Speaker 4: something bad on Twitter, so you're not going to.
Speaker 3: Be able to leave your house today.
Speaker 2: I would I would be guilty.
Speaker 3: We would never well leave let out, which by the way,
Speaker 3: was actually my dream. But as long as it's of.
Speaker 1: My own volition, okay, yeah, exactly exactly, I'll be a
Speaker 1: recluse on my own house.
Speaker 3: Exactly right. It's okay to be it.
Speaker 4: As long as you're the one, you have the agency
Speaker 4: to make that decision.
Speaker 1: Yeah, let me be an introvert on my own you know,
Speaker 1: don't not by not forced. Yeah.
Speaker 2: So obviously you did a.
Speaker 1: Ton of research on this book. What kind of like
Speaker 1: scared the hell out of you the most.
Speaker 4: I mean, the whole thing when you put it all together,
Speaker 4: is frightening. And I have more than six hundred sources
Speaker 4: in the book, and a lot of them are like
Speaker 4: mainstream media sources. So CBDC I think is the biggest
Speaker 4: affront to our wealth and our freedoms because it is
Speaker 4: just so irreversible once it starts. There's some other things that,
Speaker 4: you know, maybe have a little maneuverability, but you go
Speaker 4: back to the you know, is this a conspiracy theory? Well,
Speaker 4: the New York Fed did a pilot with major financial companies,
Speaker 4: about a dozen of them. I think it was sometime
Speaker 4: last year. Maybe my months are all messed up. So
Speaker 4: I think it was maybe like somewhere between July and
Speaker 4: November of last year, the G seven countries came out
Speaker 4: with joint principles.
Speaker 3: For retail facing CBDCs.
Speaker 4: We just saw video go viral about this, you know,
Speaker 4: last week with Christine Legard of the IMF talking about
Speaker 4: you know, this digital euro and the control that that's
Speaker 4: going to happen. She thought she was talking to Zelenski
Speaker 4: on the phone and she was talking to somebody else
Speaker 4: and she kind of let this stuff all out in
Speaker 4: the open. So again, these are things where they're doing
Speaker 4: things and it's out in the public.
Speaker 3: So like, why would you have principles for retail facing.
Speaker 4: CBDC if you're like, oh, it's not anything we would
Speaker 4: ever con So, you know, it's everything that I've researched.
Speaker 3: These are not just like possibilities.
Speaker 4: There are things that are actually happening, and you know
Speaker 4: kind of across the table, you know, corporations competing with
Speaker 4: individuals for their.
Speaker 3: Homes and ESG.
Speaker 4: I mean, all of these things, there's there's so much
Speaker 4: of a push and there's so much real data behind it,
Speaker 4: and I think that's probably the most important thing that
Speaker 4: I've done in this book is I think people know
Speaker 4: me as somebody with a lot of credibility and a
Speaker 4: lot of common sense. You know, I have a very
Speaker 4: good pedigree and you know, a good track record of
Speaker 4: being pretty common sensible.
Speaker 3: Goal I source things.
Speaker 4: You know, it makes it makes it makes sense. The
Speaker 4: problem is a lot of the people who've been talking
Speaker 4: about this stuff are nuts and so you know, so
Speaker 4: even though the nutty people can talk about things that
Speaker 4: are true, the credibility factor isn't high. So I think
Speaker 4: this is and this is This was a hard thing
Speaker 4: when I was trying to find people to endorse my book.
Speaker 4: And I got great people. I've got Glenn Back, I've
Speaker 4: got Dana Lash, I've got Michael Schellenberger or Charles Payne.
Speaker 3: But it was hard. There were a lot of people that,
Speaker 3: like my publisher and I were like, yeah, we.
Speaker 4: Just this person's kind of off the rails when you know,
Speaker 4: they talk about these things, so we you know, even
Speaker 4: though we like them as people and they say other
Speaker 4: good things, like we just kind of can include them.
Speaker 4: So that's I think the legitimacy here of like let's
Speaker 4: just take this from a pure data and common sense standpoint,
Speaker 4: and then we're going to empower you with the knowledge
Speaker 4: so that you understand it and you can tell other
Speaker 4: people about it in a way where it doesn't sound
Speaker 4: you know that bleep crazy. And then also a plan
Speaker 4: to fight back because you know it's one thing to
Speaker 4: make everybody aware of this and then they go, well,
Speaker 4: what can I do?
Speaker 3: Like, you need to have a way.
Speaker 4: To be able to make sure that you own everything
Speaker 4: and do everything you can from a behavior real standpoint
Speaker 4: and a financial standpoint to preserve the American dream. Because
Speaker 4: one of the things I learned, and as you mentioned,
Speaker 4: I'm a recovering investment banker, I've spent my career trying
Speaker 4: to help people make money and preserve the American dream
Speaker 4: that I am living proof of.
Speaker 3: The American dream is what it's owning.
Speaker 4: It's owning a house, right, That's what the American is
Speaker 4: coming here and having that ownership, because ownership is what
Speaker 4: creates wealth. You have tangible assets or some cases in
Speaker 4: tangible assets, and they increase in value over time, and
Speaker 4: that's different from just earning the things that when you
Speaker 4: have an asset, it can grow exponentially. So if you
Speaker 4: work and you earn that's what you get, but then
Speaker 4: you have to put your money to work for you
Speaker 4: and that's what creates that wealth and that comfort and
Speaker 4: that dream. And you know, if you have a family,
Speaker 4: that legacy for your family, and we have to preserve that.
Speaker 4: That's so unique, you know.
Speaker 2: It used to be in how do we do that?
Speaker 2: Because we scared the hell out of people now.
Speaker 3: So.
Speaker 2: Give us some hope here, you know, what what what what?
Speaker 1: You know? You know you're talking about owning things, but
Speaker 1: you know, tell us what are like some easier steps
Speaker 1: that people could take, regardless of age.
Speaker 2: I know you mentioned millennials my age bracket.
Speaker 1: We're kind of screwed comparedor or you know, our parents,
Speaker 1: but you know, even our parents are trying to retire.
Speaker 1: What can we all do to to try to combat
Speaker 1: all this nonsense?
Speaker 4: So it obviously depends on your financial situation. But if
Speaker 4: you are a millennial, you're probably carrying some outside insane
Speaker 4: amount of debt based on where you went to college,
Speaker 4: assuming you went to college. Because obviously the government and
Speaker 4: the universities have been in who is to extract wealth?
Speaker 4: I mean, just think about how evil this is. They've
Speaker 4: enriched the universities at the expense of young people, and
Speaker 4: they have not only not given you degrees that allow
Speaker 4: you to go out and you know, get a return
Speaker 4: on that investment that you made, but they have delayed
Speaker 4: your ability to create wealth and in some cases just
Speaker 4: completely obliterated it. So you know, you're not gonna like
Speaker 4: to hear this, but we got to get real here.
Speaker 3: So you're going to do what I did, and you
Speaker 3: can go into complete austerity.
Speaker 4: You know, when I graduated from college a long time
Speaker 4: before you did, I had forty thousand dollars in college debt.
Speaker 4: But I knew that based on the jobs that I
Speaker 4: got because remember I'm a recovering investment banker, so I
Speaker 4: had a really nice career that if I took undertook
Speaker 4: extreme austerity, that I would be able to get that
Speaker 4: paid off.
Speaker 3: And I paid it off in a year and a half.
Speaker 3: And the way I did it.
Speaker 4: Is I lived in like a hole in the wall
Speaker 4: and next to me was a cardboard box with a
Speaker 4: sheet over it is my bedside table, and so on
Speaker 4: and so forth. So go into like an extreme austerity measure,
Speaker 4: get that debt paid off, because even if it's you know,
Speaker 4: tens of thousands of like I guarantee you if you
Speaker 4: gave me what you spend your money on, I can
Speaker 4: find a way for you to do it again.
Speaker 3: You're not going to like it. But here's the thing.
Speaker 4: Do you want to spend two or three years not,
Speaker 4: you know, not worrying about it and then not having
Speaker 4: to worry about money for the rest of your life,
Speaker 4: or do you want to just worry about money for
Speaker 4: the rest of your life. So if you do that,
Speaker 4: then all of a sudden, Okay, now I don't have
Speaker 4: this debt that's draining me to worry about anymore. Then
Speaker 4: I'm going to take that money. I'm going to revamp
Speaker 4: my spending. So maybe you know, I want to enjoy
Speaker 4: my life, but it's not going to be so extravagant.
Speaker 4: And I'm going to continue to invest, and I'm going
Speaker 4: to invest in things that are hard assets where I
Speaker 4: can things in a form factor, I can control things
Speaker 4: that have the ability to grow. If you work for
Speaker 4: a company that has a four to one k like,
Speaker 4: you are going to want to take the match if
Speaker 4: they offer one, because that means every dollar you put
Speaker 4: in they are matching it. So on a net net
Speaker 4: basis text deferred, right, It's like fifty of the buy
Speaker 4: in for you, you're getting your data, you're getting double
Speaker 4: the money. So things like that, taking like a small
Speaker 4: amount maybe five percent, and investing in physical prescious metals,
Speaker 4: going in and finding a way to buy a house.
Speaker 4: And again it may not be in the city or
Speaker 4: the neighborhood that you were hoping, but like start get
Speaker 4: get in somewhere and build up equity instead of just
Speaker 4: throwing that rent out the window. But it has to
Speaker 4: be somewhere that you can afford, because if you end
Speaker 4: up having to give that up, then you've just wasted
Speaker 4: the money.
Speaker 3: It's just no different than renting.
Speaker 4: So you want to take those behaviors and really start
Speaker 4: accumulating things.
Speaker 3: And again, I know, like with millennials and gen z
Speaker 3: like everything.
Speaker 4: Digital, But think about the things that you're buying and like,
Speaker 4: is there like.
Speaker 3: Am I buying the hard copy book or am I
Speaker 3: buying the kindle? Like get yourself in the habit of
Speaker 3: getting things and owning things and realizing the value of
Speaker 3: owning tangible things, and then there are no behavioral changes
Speaker 3: that you know you can make. One of the things
Speaker 3: that again Jesse Kelly talks about, is you know this
Speaker 3: really kind of coming together in your community and living
Speaker 3: with like minded people who will support each other and
Speaker 3: have similar values and not do crazy things in terms
Speaker 3: of the laws and getting involved. And again, there's a
Speaker 3: litany of things.
Speaker 4: To push back against, so you're not personally going to
Speaker 4: be able to push back against all of them yourself,
Speaker 4: but maybe you can divide and conquer and somebody's in
Speaker 4: charge of the education piece and not making making sure
Speaker 4: that you.
Speaker 3: Have ownership over your children.
Speaker 4: And again, I hate to use that phrase ownership over
Speaker 4: another human being, but we all know that the schools
Speaker 4: are trying to own that relationship. And if you've read
Speaker 4: nineteen eighty four, you know that's exactly what they did
Speaker 4: with the kids. The kids became spies and told told
Speaker 4: on their parents. So you know, it's all these different
Speaker 4: behavioral changes. Even on the tech front, like we've got
Speaker 4: to really push for digital bill of rights because they
Speaker 4: are becoming de facto governments and they are, as we
Speaker 4: know from the Twitter files, working in concert with big
Speaker 4: tech or excuse me, with government to limit your freedoms.
Speaker 4: So pushings for us to have more rights and more ownership.
Speaker 4: You know, if we're creating content, like we should own
Speaker 4: that content. They should not be able to license that
Speaker 4: to somebody else and not pay you like that's insanity.
Speaker 4: And that's the agreement that you've signed with every social
Speaker 4: media company that you've signed up for. So again, there's
Speaker 4: there's a huge litany of learning of things, both behavioral
Speaker 4: and financial, but it is possible. We can't stop the
Speaker 4: new financial world order from happening, right, but we can
Speaker 4: do things on a personal basis to make sure that
Speaker 4: we and the people around us are in the best
Speaker 4: position possible.
Speaker 2: Carol, before we go, is Nancy Pelosi a lizard person?
Speaker 4: Through I did extensive research in my book, and while
Speaker 4: she is not a lizard person, to my knowledge, I
Speaker 4: don't have anything that's said that she is a really
Speaker 4: good Her and her husband they're really good investors, and
Speaker 4: they actually have made a ton of money based on
Speaker 4: the fact that they make decisions and then they get
Speaker 4: invested in the companies based on the decisions that they've made,
Speaker 4: which for the rest of us would be called insider trading,
Speaker 4: but for her is called capitalism, I guess. And there's
Speaker 4: actually stock trackers, there's Unusual Wales, dot com and some
Speaker 4: other places that actually track the trading of people in
Speaker 4: Congress with the Pelosis being at the top of the list.
Speaker 4: So maybe one way for you to own everything is
Speaker 4: to just keep an eye on mister and missus Pelosi.
Speaker 2: Older leads do not follow. Jim Kramer on a CNBC followed.
Speaker 3: Isn't that funny? Who would have thought? Right?
Speaker 1: They're the best? You will own thing is out on
Speaker 1: July eighteenth. It's already crushing it. You can get it
Speaker 1: on pre order, already an Amazon bestseller. I'm so proud
Speaker 1: of you and happy for you. Thanks so much for
Speaker 1: taking the time and just happy for your success.
Speaker 4: Thank you, Thank you, and Lisa and everyone listening. Make
Speaker 4: sure you go out and own everything.
Speaker 2: Yes, yes, yes, let's own everything.
Speaker 3: Well then you'll be happy.
Speaker 2: We'll own everything. Just to spite them so exactly. I
Speaker 2: can't let them join them exactly. Take care, Carol, thank you,
Speaker 2: thank you.
Speaker 1: That was Carol Roth. Always love having her on the show.
Speaker 1: She's so smart but also just funny and enjoyable to
Speaker 1: talk to. You so appreciate her making the time. Everyone
Speaker 1: go out and get her book, You Will Own Nothing.
Speaker 1: It's out on July eighteenth. I want to thank you
Speaker 1: for listening to the show every Monday, and Thursday, but
Speaker 1: you can listen throughout the week. Please leave us a
Speaker 1: review on Apple Podcast, give us a rating. I want
Speaker 1: to thank John Cassio and my producer for putting the
Speaker 1: show together.
Speaker 2: Until next time,