(upbeat music) - [Announcer] This is the
"Rich Dad Radio Show", "The good news and bad news about money." Here's Robert Kiyosaki. - Hello. Hello. Hello, Robert Kiyosaki
"The Rich Dad Radio Show", "The good news and bad news about money." And today we have a
very, very special guest, but I think all of our guests are special, but this person's especially special because my definition of
intelligence, if you agree with me, you're very intelligent. And everything I've
listened to this guy saying, I'm going, "Man, he's intelligent," but he's also taking myself
and Kim and our whole company to a whole nother depth of understanding of why the world is in such, I would say, dire straits right now. So our guest today is Andy Schectman, and I'm gonna recommend two
different videos with Jay Martin and Jay Martin's the VRIC, Vancouver Resources Investment Convention. And Jay does an excellent
job of interviewing you, and my whole company has
been tasked with listening to part one and part
two, three times each, because the amount of
information packed into each one, everyone is different. So I'm gonna recommend each
of you do the same thing we're doing at Rich Dad, is
listen to these two interviews with Andy Schectman and Jay
Martin three times, at least. Because each time you listen to it, you'll gain a whole nother
insight as to what is going on in the world economy. Any comments by Kim, it's really been
transformational to listen to. - Well, it's been transformational. So, and Andy Schectman, he's the president and founder of Miles Franklin Precious Metals, but has been in the financial
industry since 1989, so he's got a lot of experience. But the cool thing for me is
we've studied these videos as a company and we discuss
it, and we are looking at all points of view. So for me, and what we're
gonna discuss today is, Andy, what you did is you brought, I've heard all the pieces
and they were floating out in space and all these different pieces, but you brought all the
pieces together in the puzzle. And I thank you for that. And this is gonna be
an incredible interview and I'm really grateful to
have you on the program. - Right.
- Welcome. - So the first one I'm gonna
recommend is Jay Martins with the BRICS, B-R-I-C-S,
which stands for; Brazil, Russia, India,
China, South Africa. And the second one is more
about what you can do today. So we're gonna recommend
Jay Martin's videos twice. We recommend, it's different videos, recommend listen to it three times. So Andy, welcome to the "Rich Dad Show". - [Kim] Welcome Andy. - Oh, you guys I'm so honored
and grateful to be here. Flabbergasted, I guess, you could say would be maybe a halfway
accurate adjective for the way that I have felt about the comments that you made. Just so grateful and
appreciative to be here, and thank you for the kind words. - Oh, thank you. So can you just, let's just stay in macro, keep it super simple. That's my new book series
is coming out called "KISS: Keep it Super Simple"
because that's what we do. So could you explain
why the BRICS, B-R-I-C-S is so crucial to the future of the world? - Yeah, I think it is incredibly crucial. It is a coalescent of what
amounts to pretty darn close to 90% of human population
that is coalescing under a common theme. And that is, I think, to
undermine the dominance of the West and the Western hegemony, and to do it properly
with commodity backing. But if you don't mind, I'll
take you down a pathway that I think will help connect the dots. And because, I think,
it's important, you know, as Kim said, there's a term,
I think, if I get this right, if I remember back from high school, in literature called the
fallacy of composition, which you look at a whole
bunch of individual pieces and in and of themselves they
don't have the significance that they do when
they're all put together. And this is kind of what I
started noticing, really in 2017, and by 2019, I was convinced
that I was on to something. And since then, in every
YouTube that I have done, I have followed this thread. And what's interesting is that the thread keeps accelerating, and accelerating really
to where we are today where it's becoming painfully obvious, as far as I'm concerned, that this is the direction
things are going. And you can interrupt me along the way if you have questions. But I'm gonna take you down
a path starting in 2017 and let yourself and your
listeners decide for themselves if this is indeed correct, if I'm heading down the right path or not. I've done a lot-
- Let me just say, I think you nailed it so hard, and that's why there's two Jay
Martin videos, one and two. And my whole company's had to listen to part one three times, 'cause there's so much
information in there, but the pieces take a while to assemble. - [Andy] They do, they do- - And then part two is,
I listen to it twice now, I'll listen to the third time. And what you're doing is you're putting the whole puzzle together. So please listen to both videos. So keep going, Andy. - So, yeah, and I think
that it's in and of itself, the individual pieces
that I will talk about may not resonate, and in the
end I'll put it all together. I'll try to attempt to
put it all together. But, I really noticed things
starting to change in 2017. Robert and Kim, I noticed
that, you know, out of nowhere, the German Bundesbank made a very big deal about repatriating their gold in 2017. Now this was at the tail
end of what had amounted to a six-year bear market
in precious metals. And, you know, in 2017, in particular, it was a rough year to own
a precious metals company, you had Bitcoin really taking off, you had the equity
markets doing fantastic, and gold was languishing, and
central banks were selling it. It didn't make any sense to me. Why would the central
banks be selling gold? I guess, well, maybe because
it's been in the midst of a downdraft and there's
this new thing called Bitcoin that's really starting to take off. And maybe we were just
moving away from the old way of doing things, and we're
moving into a new reality. Well, capitulation came to mind, and in 2017, 6 out of
every 10 orders that we did were people selling. Most of them aggravated that Bitcoin, which was supposedly cut
from the same cloth as gold, was accentuating itself
and why wasn't gold? So out of nowhere, the German Bundesbank, who had attempted to start
repatriating their gold a year or two earlier from the
federal reserve in New York, finally made a big deal about it publicly. And they said, "Hey, send
us back all of our gold." Now it's important to
understand that really, since the end of World War II, the United States held
most of the world's gold. And the reason in a nutshell that we did, was that at the end of World
War II, at Bretton Woods, when the dollar was anointed
the world reserve currency, we made a promise to the world saying, "Hey, you can give us your gold,
'cause it's safe over here, "you've gone through two world
wars and it's safe over here. "And I'll tell you what, "we'll pay you $35 an ounce for your gold, "and in turn you take the proceeds of that "and you buy our U.S. treasuries. "And this will give you a return "on a non-interest bearing asset, "and it will be held safely "and we will always sell it
back to you for $35 an ounce". Now it had been that way
for a very long time. And as I get down this pathway, we'll get to that moment, that
you and I were talking about briefly offline here,
where that all changed. So Germany says to the West,
"Give us back our gold." And within a few weeks of that happening the Bank of Austria, the Bank of Hungary, the Bank of Turkey, the
Czech National Bank, the Dutch National Bank, all of these banks followed
suit, said the same thing, "Give us back our gold." And they said it not
only to the New York Fed, but also to the Bank of England, "We wanna repatriate our gold." And this is really strange at this moment because here we are in the
midst of a downdraft in gold that is now going on five, six years and the central banks are
repatriating their gold. Very, very-
- Once again, this is 2017. So not that far away.
- That's right, 2017. And now my interest is piqued, in the speeches that I'm giving like at the Sprott
Conference, I would cite that, "Hey, something's going
on here, the central banks "are increasing their
gold holdings quietly "and repatriating them, even
when gold isn't doing much." in 2018, the following year, you guys, those same groups that
repatriated their gold bought more gold as a group than they did in the 60 years combined previously. So now something's really going on. These banks are repatriating their gold from the Fed and the Bank of England, and now they're buying
copious amounts of it. Really interesting. In 2019, those numbers were up nearly 100% in terms of central bank purchases. It's really ramping up. Central banks, not only
have repatriated their gold, but now they're really buying it. And, you know, it's
still, this is perplexing until mile marker number one. Now, before I tell you
mile marker number one, I'd like people watching
this to ask themselves, how much of this do I really know? And ask yourselves, is the media that is supposedly telling us the truth really telling us what is important? Because I view some of the
things I'm about to tell you as the most significant
events, not only in my career, but ultimately in all of our lives. And I think maybe you'll
understand what I'm getting at, Robert, you've seen this,
and Kim you've seen this, but for the sake of those who haven't will start talking
about these substantial, significant events that should
really have been noticed by the public, but haven't. And I want people who are watching this to ask themselves, why? Why do I not know about this? Because they are very, very significant. Mile marker number one:
2019, after the banks have just massively accumulated for the past 2 1/2 years and
repatriated all of their gold, you have to wonder, were they clued into what I'm about to tell you. The Bank of International Settlements, which is the central
banker of central bank in Basel, Switzerland, in April of 2019, quietly reclassified gold as the world's only other
Tier 1 reserve asset. Now since 1944, at the end of the war, there had only been one Tier 1 asset recognized by the central banks, and that was U.S. dollars and treasuries. It's a riskless asset. And now out of nowhere
they levy gold from Tier 3 where only 50% was valued
on the balance sheet to Tier 1 where it's as good
as cash or equal to cash, very, very quietly. And it makes you wonder
were the other central banks clued in by the BIS that, "Hey, get your gold home
and start accumulating it." I happen to believe the answer
is yes to that question. So here we are in 2019, things are really starting
to get interesting. - If I may add something?
- Please. Yeah. - That was also the year
the repo market crashed, September 17th, 2019. - [Andy] And that's when
people started waking up to what was going on-
- And I'm going, "What the heck is going on there?" - Absolutely.
- The repo market crashes. The last time that happened was 2008. - Absolutely.
So that's what I was watching. - Absolutely. And Zoltan Pozsar are one of my favorite commentators who, I guess, I'd call the repo market expert,
has been instrumental in a lot of my thinking, including calling where we are now, Bretton Woods 3. Which really fits in towards the end of what I'm gonna talk
about a system dominated by commodities rather than
by Western debt instruments. And that is where he
says we are right now. He's the repo market expert, he's like, "Yes, you can see," you know, my dad has this funny analogy for life, it's kind of like a roll of toilet paper, you don't notice it when
it's spinning slowly when it's a fresh roll, but over time it starts go faster and you become more cognizant
to the cardboard underneath. Well, that's kind of what's
happened to me here in 2020, the roll's starting to spin
faster and I'm connecting these dots, the most
significant of all the dots being the Tier 1 asset until
we get a little bit further. So in 2020- - Wait, tell your dad,
I like his metaphor. It fits my mentality
about toilet paper roll. - I will. I will.
- It does fit. - So in 2020, we start
to see some more things that I'm connecting with dots to, one of which is mile marker number two. Now mile marker number two, again, ask yourselves people,
have you heard of this? And if not, ask yourself, why? Am I watching the wrong stuff? Am I reading the wrong stuff? And I would answer, yes, you probably are if you haven't heard about this. Now this, what I'm
about to tell you about, started a few years before, but really started to gain steam in 2020. And I look at this as maybe, maybe the most significant event in most of our lives to this point, and that is the foundation of the Chinese Belt Road Rail Initiative. Most people I talk to have
not a clue what that is, and it's incredibly impactful
and incredibly significant on the West and the West's future. Because what it is, is the most ambitious infrastructure project ever
attempted in human history. It is connecting Asia and Africa, parts of Europe and even
parts of South America, the old Silk Road plus through maritime channels,
bridges, railways, roads. And this infrastructure
program will only be patrolled by military and commerce. It is the Panama Canal on steroids. But what people need to
understand is just this particular little infrastructure represents over 75% of human population, and 45%
of GDP before, global GDP, even before it's industrialized. And I owe a debt of gratitude
to your buddy, George Gammon, who woke me up to this. I'll never forget, I was living
in Minnesota at the time, where I spent first 50 years of my life, in the middle of winter, 2021, at a walk, and blown away when he
starts talking about this. And I remember him saying,
"75% of human population, "45% of GDP." And this, wow, this blew my mind. Start following a little
bit further and realize just how significant this really is. The contracts and the
settlement on the New Belt Road is predominantly being settled in the new Chinese digital yuan. This is a very, very, very big deal because for the last three years, the digital yuan has
successfully transacted upwards ends of 20 billion
in trades and in settlements, even using it at the winter Olympics. And I would like to call this a beta test. We'll get back to that
as we get progressed, but really big deal where
75% of human population is beginning to be indoctrinated
into a new currency, into a new settlement system. This ambitious infrastructure
project is void of American participation
and void of dollar settlement almost exclusively and entirely. - So can I keep it simple here.
- Please, stop me anytime. Yes.
- Yeah. It's just like, this is like
Marco Polo in the Silk Road. I mean, this is how significant this is, what Marco Polo, I guess,
he traveled from Italy all the way to China,
then he started connecting the dots while the Belt and Road or the, this project that the
Chinese are undertaking using their CBDC, central
bank digital currency and asset-backed digital
is going to make 75% of the world population switch to Chinese. - That's right. And wait till I get to
what's happened with it here when I get to 2022. It's more significant. Some of these things I didn't
talk about on Jay's show because of time constraints, but you'll see when we get to 2022, it's becoming right in your
face obvious if you are looking. So you're right, and this is a big deal. And this is the beginning
of the infrastructure, the external and internal
infrastructure that is, I think, laying a foundation for
massive de-dollarization, but we'll get there in a moment. Further things start to happen in 2020 that really start to make me say, "Hey, I'm onto something
here, no question about it." Now I'm blasting this out on
every single interview I do, three, four a week, every one of them. And they're out there
for posterity's sake, people go back and see that I'm not just coming up with this, I have been following
this like a blood hound on the scent of something
significant for a few years now. So outta nowhere, the
International Monetary Fund, well, this is a group
of nearly 200 countries that was established at Bretton Woods, says to the world, "Hey, we
want a new Bretton Woods." What does that mean? That means that 200 countries
from around the world want a new standard that
isn't what the original Bretton Woods standard is, which is the U.S. dollar as
the world reserve currency. Said right on their website, "We're requesting a new
Bretton Woods moment." Whatever the heck that means. But that really started to make me think, "Geez, you know, this is
bigger than even I had thought, "when you have 200 countries
from around the world "on top of the Belt and Road initiative, "on top of gold being reclassified Tier 1, "on top of all the central banks "repatriating their gold. "Now the IMF wants a new standard." So now I'm convinced something's going on. And then it gets even a
little bit deeper than that. Now, of course, in 2020, the central banks are still massively accumulating gold. I mean, copiously accumulating it, especially Russia and China and India, and the members of the BRICS. The RICS in BRICS are the
big ones, you know, Russia, China, India, South Africa, but they're continuing to buy it. But then we see something
on the COMAX market, Commodity Exchange here
in the United States that came out of nowhere. And without getting too deep, let's just say that every
week the COMAX market, the Commodity Exchange publishes a report, and that report is called the
Commitment of Traders Report. And the Commitment of Traders Report that I had been following my whole career shows the positioning long or short of the largest traders on the exchange. And typically it's only
been commercial banks, speculators, which are the hedge funds. And if one goes long, the other
goes short and vice versa. It's a zero-sum game, so to speak, where the managed money,
speculating hedge funds will go long, the commercial
banks will go short and vice versa. And that's all that was ever on the Commitment of Traders
Report until 2020. Out of nowhere, there is
a new list of reportables on the Commitment of
Traders called "The Others". What the heck are the others? They're family offices and
sovereign wealth funds, I would call them the
most informed, well-funded private traders on the planet. - Wait that's so, please,
what he just said. It's family offices and
sovereign wealth funds. See what Kim and I run is a family office, we're not on the stock
exchange or anything like that. We're a privately owned family office that does our own trading for us. That is a major shift, and it goes to sovereign wealth funds, which is getting away from the
big, big banks and all this. - 100%. And most of the
trading these folks would do on the COMEX was done on
something called the Globex, which is, it gives them a little bit more privacy and anonymity. So no one really knows
who the heck they are, but what they did in 2020 was
now following part and parcel with what the central banks were doing. They were taking metal
off of the exchanges. Now, at this point, to
this point in my career, less than 1% of COMAX contracts
ever stood for delivery, the COMAX was originally
built to offset risk. Where if I own 1,000 ounces
of gold in my warehouse, I'll sell 1,000 ounces on paper on COMAX. So if the price in my
warehouse drops by $100, I'm not down $100,000, 'cause what I sold short on
COMAX goes up commensurate. It allows me to offset my risk, to be market neutral. Or a farmer who plants a field of grain in April can sell the future
production to the baker in October to make bread. He wants the wheat, the
farmer doesn't have to go the whole growing season
with the uncertainty of the weather and the
crop and all that stuff. It's just a way to offset risk by people who deal in commodities. Well it's turned into a casino, for sure. But what happened in 2020 was this group, the others started to drain the market, the COMEX market of physical supply. When no one ever took possession, they took off in one year in 2020, more silver than we've
seen in a typical decade being removed, and more gold that year than the Bank of Japan has
in its official holdings. So now you have the most
private, the most well-funded, well-informed private investors
doing the exact same thing that the commercial banks
and the central banks have been doing, and that
is massively accumulating metal and taking possession of it. - That's was my question,
they're taking possession. They're not just buying it.
- Yes. - They're taking possession. Okay. I see.
- Right. - When we get to 2022, we'll see just how much
they're really doing. I'm sorry, Robert. - Now this is the point where
Kim and I take possession, you know, we don't leave it
in those fake ETFs and stuff. - Well, on the COMEX exchange in 1,000 ounce silver bars
or 100 ounce gold bars. And I think that's a big deal. Doug Casey has always made, he has a lot of one liners and comments that I've
always got a lot out of. One of them is that gold and
silver are the only assets on the planet that are not simultaneously someone else's liability. So in a world where counterparty risk could become accentuated
or come into play, the removal of counterparty
risk by taking possession of this metal is very illuminating. So here we are in 2020, and
all of a sudden now, you know, you see all of these
things that are happening. The IMF asking for a new system, gold being reclassified Tier 1, the central banks repatriating their gold, all of these things are happening. The banks copiously buying gold and nobody knows about any of it. 2021 comes around and we
see Russia, and Turkey, and India, and Poland,
and China, and Kazakhstan, and Hungary, and Thailand,
Japan, and Brazil, and the Czech Republic and Turkey, they're all buying gold. No one's talking about it. Why? I don't get it. I mean, you got half of
the world central banks copiously accumulating gold, and nobody is talking about it. I watch "Fox News", where is it? Sorry. - What Andy is saying, they're not just buying it,
they're taking delivery of it. And that is a very, very,
very, very big difference. So when we come back, I wanna make sure, 'cause we need to take a break, but we have some incredible
markers, you know, like what happened when the BIS, Bank of
International Settlements out of Basel elevated gold to a Tier 1, and most people have
never heard about that. And we're gonna go into
more and more of this, but it's now that people are
taking physical delivery of it and their family offices
and sovereign wealth funds. And what Andy says, these are
the smartest guys on Earth, not the banks. We come back, we'll be
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now at RichDadFree.com. Don't wait, access is limited. Go to RichDadFree.com. That's RichDadFree.com. - Welcome back, Robert Kiyosaki "The Rich Dad Radio Show". Once again, I think this
is the most important, all our shows are important, but not more important than this because our guest today is Andy Schectman. He's president and founder of Miles Franklin Precious Metals, and my definition of intelligence. If you agree with me, you're intelligent, and he's one of the first
people that agree with me a 100% all the way. But I wanna tell a joke before I go on, he's talking about the difference
between buying what I call fake gold, and fake gold's an ETF, like what Tony Robbins and
all those guys promote. I don't like fake. I like real. I don't want paper. I don't want futures, contracts, I want the real stuff. So we take delivery of it. Now what we don't tell people
is where do we deliver it to? And the reason for that, Andy, I was at this conference
and this guy stood up, of course, he's an
attorney 'cause, you know, they're not the brightest guys on Earth, he stands up there and says, "Yeah. I take delivery of all my gold "and I keep it at my house." And this other guy stood
up and said to him, "Well, why don't you
just give us your address "so we can steal it from
you, you idiot." (chuckles) So I wanna let you know,
when you take delivery, it doesn't mean keep it at your house. You've got to find somebody
else, is that correct Kim? - That's definitely correct. (chuckles) I don't want anybody knocking at my door. But I'm excited, Andy, to
continue on with this timeline because you've already
given us that, you know, I never knew that in 2017 or 2019, that the BIS made gold Tier 1. I never knew that until
I watched your video. I heard about the Chinese Belt and Road, but I didn't realize
the impact that it had. So those are just two, and
I know you've got a lot more so let's keep going where did we- - Great. Absolutely. And you're right, the reclassification of
gold to Tier 1 is huge, just to touch on that for one second. Everyone in my industry always thought that if anything ever rose to the level of dollar prominence, it would be something like
a special drawing rights from the IMF. And the question is, why
did they make gold Tier 1? I want people to keep that
in the back of their mind. Why, why, why is gold Tier 1? Maybe it makes a little more
sense why the central banks are accumulating and taking
possession of the gold because of its riskless
elevated Tier 1 status. So anyways, 2021 comes around
and now I'm going to go back to what we talked
about with the dollar being the world reserve currency. So the dollar was backed by gold as far as governments were concerned. We promise that any of the gold
that we're holding for you, you can exchange your dollars
or even just the dollars that you own. You can exchange them for
gold at a fixed rate of $35 whenever you want. So now we're gonna get
something a little closer to you, Robert, and
that was towards the end of the Vietnam War, I've
heard a lot of your podcasts where you talk about
your experiences there, and in the end, towards
the end of the Vietnam War President de Gaulle from France realized that we were issuing more dollars
and treasuries to fund war than we had gold backing these promises. So he sent warships filled
with dollars to New York Harbor and said to, you know, President Nixon, "We want our gold back for these dollars." And we gave it to him, and he
bled down a very large portion of the gold held at the U.S. Treasury. And at that moment, Nixon
said, "Okay," August of 1971, "That's it, the window's
closed temporarily," although it's never opened back up, so it's been a long temporary. But we went back on our
promise to the world. And it was at that moment that the dollar was backed by nothing. And so the question that I
asked the people out there, and it's amazing how few people know the answer to this question. And it is what has made the dollar the world reserve currency ever since? And you get a myriad of
answers usually centered around our military, or we have the biggest and most
robust economy or whatever. And I guess you could argue
some of of that is true. But what has made the dollar
the world reserve currency was that three years later, Henry Kissinger was
dispatched to Saudi Arabia, and he made a promise to the Saudis. He said, "How about this? "We will back you. "Let's call it a joint
military cooperation agreement, "and we will stand behind you. "We'll provide you munitions and support "no one will ever mess
with the Saudi kingdom. "But for that, OPEC is
going to value dollar or oil "in dollars globally." "Okay," they said, "fine". And so since 1974, every
single country on the planet has had to own, virtually
every country, has had to own dollars in order to buy oil. And it has created this
synthetic demand for the dollar called the petrodollar and made the dollar the
world reserve currency. If you want to power your
country, you must own dollars. It is the protection of the
Saudi kingdom, and by default the relationship with OPEC
that has enabled the dollar to be the world reserve. Since 1974, because three years prior, the link to gold was severed, the dollar was at that point
fiat, backed by nothing. And obviously we all know the history, since that point the dollar's
lost over 90% of its value, but that's that's for a
discussion for a different day. - And that's why I was saying, that's why savers are losers. Why would you save dollars
when inflation's running at about 16%, they put it at
8, but it's really at 16%. So you're going negative 16 on your money. Why would you save dollars? But these idiots, "Oh, you guys save
money, get out of debt." I'm going, "Wait a minute. "The dollar is created via
debt, don't you get that?" And the only way they pay
it back is via your taxes. Idiot, can't you get that? And so that's how the Rich
Dad Company was founded, Andy. And I'm not the most popular
guy with Wall Street right now. But anyway, I'm glad you're
saying what you're saying. One more thing is, what happened in 1974 was ERISA was passed. ERISA's income, retirement securities, something like that, 401k IRAs. Also in 1974, the gold became
legal for Americans to own. So '74 was a very big year,
so I had all this gold I was smuggling in from Hong Kong, I could not own it legally. And then exactly, as I
said, Kissinger promises the Saudis, we'll protect
you as long as everybody in the world must buy oil in dollars. So it became the petrodollar
no longer a gold-back dollar. Am I correct on that? - 100%. Exactly. And that's perfect. That's exactly right. And then comes mile marker number three. And no one knows this.
- I know. - And it just absolutely baffles me that nobody knows this one. And I would say this marker
is way more significant, probably, than the two preceding. And the fact that our media
doesn't say anything about it, I find it to be deplorable. And, you know, I guess, when you realize that every newspaper, radio
station, television station, magazine in the United States
it's owned by four companies, there is no fair balance. There is no, they just were
being fed the wrong information because this next moment, I think, sets the stage for everything
that's going to happen in this country moving forward. And that is what happened the
day that we left Afghanistan. Now, I don't have to tell you
as being a former, a Marine, that what happened when
we left Afghanistan to me as American patriot,
and I am a patriot, and I love this country.
I feel blessed to be here, and for the opportunities
this country has afforded me and my family. And look, we come from nothing. When we started this company,
we come from nothing. My father's middle name is Miles, his best friend's middle name is Franklin. We borrowed $60,000 from his
friend to start a company. And we just eclipsed 7 billion in sales. We are the American dream.
I love this country. But I will tell you that
as an American patriot, I was embarrassed almost
to call myself an American the day we left Afghanistan. Leaving behind enemy line
something that was something we never would've done in
the country I grew up in, you would never leave servicemen and women behind enemy lines. You would never leave the
people who trusted you with their lives, the freedom fighters, behind enemy lines and give
their biometrics to the Taliban. And I think there is no coincidence to the announcement of this
mile marker number three, because we embarrassed
ourselves on a massive scale. People hanging from a transport plane, as the last plane out of
as Afghanistan it's going, knowing we have Americans
that are still there today. It's just, it's inexcusable
and it's deplorable. And I think it, in many ways,
changed the way the world looks at the United States
or at least our leadership, shall we say. And there's no coincidence to the timing of this massive announcement. Now, once again, what makes
the dollar world reserve? Oh yeah, it's the protection
of the Saudi kingdom. What happened the day
after we left Afghanistan? Russia and Saudi Arabia announced a joint military cooperation agreement. What? Are you kidding me? What? Russia is now
protecting Saudi Arabia? And the day after that
guess who did it again? Nigeria makes the same announcement, that Nigeria and Russia are now, or Russia is protecting Nigeria through a joint military
cooperation agreement, and maybe the fifth or sixth
largest OPEC producing country, we know what Saudi Arabia is. Subsequently, we've already
seen that Nigeria is selling their oil to China, right
now, for Yuan-denominated bond that is immediately convertible into gold on the Shanghai Gold Exchange, it's called the petro-yuan bond. And because it is immediately
convertible into gold on the Shanghai Gold Exchange, this is how countries like
Iran sidestep our sanctions. They'll sell their oil to the Chinese in the petro-yuan bond, and they can immediately
convert it to gold on the Shanghai Gold Exchange into kilo bars and take possession of it. This is why the Shanghai
Gold Exchange has delivered close to 100 times more gold than we have, the COMEX, which sets the price, 'Cause these countries
are doing just that. And guess who else is
doing it? Saudi Arabia. So you have the linchpin
of the dollar hegemony, the Saudis, and now Nigeria, two of the 13 OPEC member
countries selling their oil already to China, both
being protected by Russia. Nigeria, part of the
Belt and Road initiative being protected by China, you know, they're selling their oil in
something other than dollars. This is a huge deal. Of course, we're not talking about it, but it is a massive deal, massive. - So let me remind people. Okay. Jay Martin, from the VRIC, Vancouver Real Estate
Investment Conference interviews Andy Schectman in two parts, part one is on the BRICS: Brazil, Russia, India,
China, South Africa. If you read my books, I've been covering these guys for a long time, watching them. 'Because I travel throughout the world, I've seen what the Chinese
are doing all over Africa. I cannot believe, they
have whole compounds, you know, of Chinese people. I was in Cameroon and they have these huge trenching machines dropping fiber optic cable all
the way across Africa. And what are we doing? Nothing. We have Kamala Harris, not even going to the fricking border, and she's the Border Czar. I mean, oh my God. And then when Andy talked about how, when they abandoned Afghanistan, you forget that I was there in Vietnam when they abandoned us in 1975. And I still remember, Andy, I'm walking through the village, this is before we declare we quit, you know, before we quit Vietnam, I was watching the
Vietnamese scurrying around. I said, "They're buying gold leaf." You know that gold leaf they rub on stuff. They were buying gold leaf like crazy. I'm going... And Americans, as I write about, we don't know what gold
is because it was illegal for us to own gold. So I'm watching these Vietnamese
buy all this gold leaf. And I asked my Staff Sergeant
and his name was Jackson, he was one of the smartest guys I met, I say, "Jack, why are they buying gold?" He says, "They're gonna run. "They know Americans abandoned us. "They're gonna run. "They're gonna get out of this
country as fast as they can.' And during my era, that was
the Vietnamese boat people and all that. They were climbing on,
they were ready to get out of that country. And then one of the more
famous pictures is the picture of a CIA Air America helicopter
on top of the U.S. Embassy, and all these Vietnamese
people are running up there, and they're punching them trying
to keep them out of there. And then they have us
on our aircraft carriers and we're dumping our helicopters over the side because they got too many of the Vietnamese helicopters running. They were flying to our carriers and I was out there watching
all this stuff going, "Holy mackerel." And then in '74, exactly
as you said, you know, that's when ERISA came
out, you know, the 401k and I'm going, "What
the heck is going on?" And the petrodollar, and then they said, "Oh, by the way, you can
now own gold legally." I'm going.. So I've been watching all this. So when your podcast
came out with Jay Martin, I'm recommending everybody
listened to it three times, because what you're saying
is a massive condensation. What did you call it when all the pieces finally come together? That's what you've done.
- Fallacy of composition. Yep. - What's it called again? - Fallacy of composition - Yeah. What you've done in
these two Jay Martin podcasts, I mean, everybody listened
to them three times, because it's like taking
concentrated knowledge in a drop. - You're very kind-
- It takes a while to absorb. - You really are very kind, honestly. And I appreciate it very much. And look, I'm no genius, I'm just someone who caught on early to the
scent and has followed it. And as we go through
where we are now in 2022, and we get to Klaus Schwab, I'm going to try to
put the pieces together and let you make up
your minds for yourself. Am I on to the right thing
or am I being led astray? I'll let you make the
decision for yourself. But when you get-
- Klaus Schwab is the World Economic
Forum, formed in 1971 also. Interesting isn't it? - It is. A lot of these pieces, I think, have been in play for a
very long time, evidently. And even when you talk about
some of the things that you saw in the past, you can add them
to a progression of events where, you know, they take
a long time to play out. But I do think as we see
what's happening here in 2022, it is speeding up. - It's a toilet paper metaphor. - Yes it is.
- And the reason I like that metaphor. - It's starting to spin a lot, you can see the roll is coming through. - You can see the cardboard, but what's the first thing
that people stock up on? Toilet paper. (laughs)
- Right? I never really understood- - So continue, Andy, go on with the timeline. - Thank you. So 2022 rolls along, here we are, and I think you could say
mile marker number four is one that most people know about, but it's one that I think has incentivized the speeding up, if you will, of this progression of events. And I'm gonna lay out several of them that have happened here this year alone. But, you know, as the world
reserve currency, you guys, it's not our job to say
who can and can't use it. And that's the biggest
mistake you can possibly make. And as the world reserve currency, if you weaponize it the
way we did against Russia, you are asking for trouble. And I think the question
that I pose to people, and now I'm gonna take a
step off this for a moment, and I'm gonna ask you to think about this. Was it intended or was it unintended? What I mean by that, are the consequences
intended or unintended? Why do I say that? I say that because our
Fed Chairman Powell, I believe has no intention
of being written about in history books as blowing
up the American dream. Because in the last three years, more money has been created
in the last three years than in the entire history
of the country before. The majority of that money
that has been created, or a good portion of it went into assets where hedge funds can borrow
a billion dollars at 1%, plow it into equities,
plow it into real estate, plow it into cryptocurrencies, make a fortune, pay off the
loan with no problem at all, make huge bonuses. And what we've seen over
the last three years is a massive distortion in asset prices. You could call this the crack-up
boom in Austrian economics where massive expansion in
credit and lowered interest rates create distortions and misallocations of capital and resources
where price discovery is next to impossible. Houses are doubling or tripling in a year, equity portfolios the same,
cryptocurrencies up 10 times. You've been in finance longer than I have, and you know that's not how work. They don't go parabolic like this. And I think a lot of it has
to do with the distortions and the misallocations that were created through the massive money printing. So I think Fed Chairman
Powell has no intention of blowing up the system and
getting tough on inflation. The National Bureau of Economic Research came out with the report not too long ago, and said that the 9.1% inflation that was listed in July of this year, would've been 16.5% if calculated in the way that they used to in 1980. Like you said, John
Williams of Shadowstats, a legend in this industry, all he does is show the
numbers the way that the Fed and the Bureau of Labor Statistics used to calculate numbers. But even if we believe the 9%, by the way that CPI excludes
food, energy and housing, right, so they pulled out
the things that we need that are inflating to
give us this, now, 8 1/2%. So he says, he's getting
tough on inflation and raising it to what? 2 1/4% maybe to 3 1/4,
at the next meeting. What good does that do
against 8 1/2% inflation, which we know is probably closer to 17%. What getting tough on inflation is, is what Paul Volcker did
under the same situation, only when they calculated
inflation, truthfully. Inflation at 16 or 17%, what did he do? He raised the Federal
Funds Rate to 19 3/4%, blew up the economy and blew up inflation. Powell, on the other hand-
- Can't do that. - Getting tough on
inflation, he's pussyfooting. He raised it to 2 1/4 with 9% inflation. That's a negative 7% plus
real return negative. That's not getting tough on inflation. And what is so unusual
about the environment we find ourselves in. Stocks, bonds, and real estate
at all time heights are what? Inversely correlated to
a rise in interest rates. So if he raises rates, he knows it's a religious
experience in this country for everyone who considers
themselves wealthy in traditional assets. This is why they're pussyfooting
in raising the rates just little by little. This is why the quantitative tightening that they were talking
about hasn't happened. They were gonna do 80 billion a month in treasuries and
mortgage-back securities. I think to date, over
the last four months, they've only done 50, 60
billion off their balance sheet. They're not selling
off their balance sheet and they are, in fact, not raising rates getting tough on inflation. They're not, right. Because he doesn't wanna
be written about in books. So I ask you as I go on to
mile marker number four, were the consequences of
this action intended or not? And I want you to think of
what Klaus Schwab said in 2019, that there'll be a great
reset, that you'll own nothing, and you'll be happy to rent. Now, when he said that, I
thought he was an idiot, but when we get to the end
of what I'm talking about here in 2022, we're
gonna reflect upon that. And so I don't think
that he's going to do it, he's not gonna get tough on inflation, but how about we create a villain? Because, you know, our
president is already telling us that inflation has nothing to do with historic money creation and everything to do with Putin, right. Well, inflation is
always, 100% of the time, a monetary event, always. And when you throw in
unproductivity in the equation it exacerbates the effects of inflation. And that sounds like the last three years; massive money creation, paying everyone to sit on
their couch, play video games, and eat bonbons. So you have more money chasing less stuff, 'cause no one's producing anything, they're sitting on their couch. So that's the cause of inflation, has nothing to do with Putin, it has everything to do
with the Federal Reserve that is blown up, and the government, that has blown up our money supply and incentivized people
to be unproductive. There's your inflation. But what about the big picture? What about this reset? What about getting tough? Well, if the Fed doesn't
wanna be the reason for blowing everything up and creating the greatest depression of all time, how about we create a villain. And, you know, I think that the people who are are running the ship, they may be nefarious,
but they're not stupid. They may be immoral,
but they're not idiotic. And if you push the Russians out of SWIFT, if you sanction them, if you freeze their
assets here in the States, you have every other country
in this group, the BRICS, saying, "Hm, are we next? "Is it coming for us next?" You think there's any
coincidence that China has sold well over 100 billion in treasuries over the last seven months? They have their eyes set on Taiwan. I think we push the Russians
right into the open arms of the Chinese and their CIPS system, the Cross interbank Payment System. That is what the SWIFT
is, it mirrors the SWIFT, it is their answer to the SWIFT. We pushed them right into the open arms of this coalesced group. So let's talk about what has
happened and think about this. Did they absolutely have
no idea that by freezing these assets and sanctioning them, that it wouldn't have severe consequences? I say to people all the time, "Imagine that the United States is Russia, "and that Mexico is the Ukraine, "and we're in a war with the Ukraine, "and Russia freezes us at us out of SWIFT, "sanctions us, takes all of our assets, "gives 90 billion to Mexico, "provides them with
stinger missiles and drones "and the intelligence of
where to drop the bombs. "Is that not a declaration of war?" Sure as hell seems like it to me. But if you don't think
that this is gonna have profound impact globally,
then you're a flipping moron. And I want to say in the back of my mind, I can't help but shape that
this was an intended exercise on creating a villain and
maybe getting this great reset that we're talking about. So let me just take it a little further. So far in 2022, and by
the way those sanctions which have done absolutely nothing, keep in mind that 85% of global
population, including China, India, Africa, and South
America are still trading with Russia, right. So those sanctions didn't do anything. In fact, all it did was
coalesce this mantra of Western hypocrisy and dominance needs to come to an end. Now I'm not saying that
this is my feeling, but I can see pretty easily
why they would feel that way. So let's look at, see, what's happened as the toilet paper roll is spinning, now, what's happened so far in 2022. It'll blow you away. First of all, as I mentioned, Nigeria and Saudi Arabia are
selling their oil to China for the yuan-denominated petro-yuan bond, which is immediately
convertible into gold. - Gold.
- Shanghai Gold Exchange. You have the Russian, Iran, India corridor that just came out. This is linking Northwest
Russia to the Persian Gulf via the Caspian Sea in Iran. Everyone else has to
go all the way around, but the countries who are in the group get to cut through, right. You have Turkey, Egypt and Saudi Arabia announce that they are contemplating joining the BRICS nations. Now, if you say publicly,
you're contemplating, it's a done deal. These countries are moving
away from the Western alliances and they are joining the BRICS. And Saudi Arabia, did
I mention Saudi Arabia? Yes, Saudi Arabia is
joining the BRICS nations. You have Turkey come out
and say they wanna ditch the dollar for payments in Russian energy. And they've purchased 75 tons more gold in the first seven months of the year than any central bank on the planet. They are the largest accumulators of gold. Turkey, who just said, they're
gonna join the BRICS nations and wants to ditch the
dollar for Russian energy, they are leading the way
in 2022 on gold purchases. So do you wanna say something? - Yeah. The thing I wanna say is, I wanna endorse Jay
Martin's interview with you. It comes in two parts. It's because you have so
much information packed, and listen to it please, Sara
will get you a link to it. But everybody in our company has listened to your
first one three times, they've listened to your
second one twice now, and they're both fit together. And I highly reckon people listen to it. I mean, I'll send you
a copy of my book here, it's called the "Capitalist Manifesto". We were warned of this
years, and years, and years, and years, and years ago. You know, it's like Orwell said, "If you can't win the
argument, change the story." And that's what Biden is doing, he's just changing the story. We're getting our arses handed to us, a toilet paper roll is showing, and people are still wondering, "Well, should I just buy more real estate? "Should I buy more gold? "Should I buy more?" Well, you better find out your
own answers pretty quickly. Final words, Kim,
because this is profound. - Yeah. So Andy, you got Saudi Arabia, if they join BRICS, how does
this whole thing play out? - Sure. So I got about two more minutes and I'll connect the dots for you. So as I mentioned, China's
dumped 100 billion in bonds plus in the last seven months,
you have now 147 countries on the Belt Road, including
all of the 13 OPEC countries, all of them are on the
Belt Road Initiative, six of the 13 BRICS nations, or six of the 13 OPEC countries
have already joined BRICS or are in process of joining. The seventh, United Arab Emirates, just joined the BRICS bank. And now you have Russia and
China standing arm in arm on a stage a month ago saying, they are announcing a new
world reserve currency. At the same time, you have
gold leading the COMAX market at the fastest monthly rate ever. You have silver on the other hand, being massively drawn down through the London Metals Exchange to the smallest amount ever in recorded, ever since they have started keeping track of the amount of silver on the LME. And you have over 100
million ounces of silver taken out of SLV by the
authorized participants. So you see massive
accumulation of gold and silver off the exchanges taking possession. So let's put all of this together, right. So what does it all
mean when put together? And let's think about the great reset. How do you get a great reset? Well, first you blow up asset
prices to all time highs, and then at the lowest interest
rates in human history, and then you incentivize the
world to find a back door because you watch what just
happened to the Russians who, 85% of the world is saying, "well, you're still okay to trade with." Because they don't like the way
the West has handled things. So they're all coalescing in this nation, 147 countries on the Belt Road. All of these countries
in the BRICS nations, which amount to 90% of human population, all of this together. And think of the fallacy of composition, all of these countries, one by one, can't stand up to the U.S., you put them all together and
they will dominate the U.S.. So how does it all blow up? Why do you own gold and silver? Why? Remember gold was
classified the only Tier 1 asset in the world next to U.S. dollars. Remember the biggest money in
the world, the central banks, the commercial banks, the
sovereign wealth funds, the family offices, they're all buying it, they're all taking it off the exchanges or moving counterparty risk. You can see the draw down from
all of the major exchanges. How does this all blow up? Simple. Saudi Arabia
joins the BRICS nations, every OPEC producing country, all 13 of them are on the Belt Road, they all sit on a stage with
their arms around each other on a Sunday night here in the states. Monday morning, somewhere
in China, or in Russia, or where wherever this meeting is, and Saudi Arabia says, "Hey, U.S. thank you. It's
been a hell of a ride. "We appreciate it. "As you know, we are being now protected "by China and Russia. "In fact, we struck a joint
military cooperation agreement "the day you idiots
pulled out of Afghanistan "the way you did. "And we realized that maybe
you weren't the best partners "to tie our wagon to. "You know, you sent over
President Biden to beg for oil, "he didn't beg for oil, "he hasn't even gone to Mexico
or the Texas-Mexico border, "he came and asked us to
not join the BRICS nations, "but we've decided after
contemplation that, "'Hey, you know what,
it's in our best interest, "and all of OPEC who was on the Belt Road, "that we are going to
open up energy purchases "in other currencies,
including the yuan, the rupee, the ruble, maybe euro, gold
and dollars, (clicks fingers). Like that it's over. Because what happens,
every country on the planet who has had to own dollars
since 1974, dumps them. And if you ever saw the
movie "Trading Places" where one Duke brother says
to the other Duke brother, "Sell, Mortimer! Sell, sell!" Because everyone will
start dumping dollars. As the dollar collapses,
that's pillar number one, the dollar value collapses. What happens when those dollars collapse and hit the U.S. shores? Hyper inflation. What happens as an adverse
reaction of hyper inflation? Interest rates spike. You have to have higher
interest rates to compensate for the loss of purchasing power. There's your villain. There is now, was it intended? Did they know this would happen? When everyone dumps dollars
and Saudi Arabia and OPEC say, "Thanks for the memories folks," and everyone dumps dollars
and interest rates spike; stocks, bonds, real estate
at the same time collapse, along with the dollar. The four pillars of
wealth in this country; stocks, bonds, dollars, and
real estate will all collapse as interest rates spike, and as the dollar is globally dumped. And this is your great reset. This is how fragile the system truly is. And this is why you own precious metals. It is not to get rich, it's because we are on the
cusp, I believe, of a change. Now, one last piece that
I'd like to add to it. Remember we talked about
75% of human population understanding on the Belt
Road, this new digital yuan? Well, what is the digital yuan? To me, it is a beta test. Just the other day, and
I'm almost done here, just the other day there
was an article that came out by a man named Sergey Glazyev, and he is the Russian
minister in charge of Integration and Macroeconomics for the Eurasian Economic Union, And he came out and he laid
the fundamental principles on which the new U.S. post economic, post dollar economic system will be based. And he goes on and
says, and I quote, that, "It will not be based upon
any particular currency "as with the Bretton Woods order, "but rather a market
basket of local currencies "tied more deeply to an
array of real commodities "such as gold, other
precious metals, grain, "hydrocarbons, sugar, et cetera." So think about the Chinese digital yuan. What better way to roll out a
distributed ledger technology where you can show the world
the veracity of everything that all of these countries have pegged. Why does the European
Union not work in theory? Because there's nothing pegged to it, and each country is moving
in different directions. But how about all of
these countries coalescing not only against the, maybe
hatred's a strong word, but the universal dislike
of the Western hegemony, so much so that we're seeing relationships being meed between Iraq and Iran, where they're building a railway between Iran and Saudi Arabia. They're mending fences between countries who have hated each other for years. But, you know, the old statement, "My enemy's enemy is my friend." They're all coalescing
against a central theme, but that's not enough. We need to peg it, peg something. What are all the countries
that own all the commodities? The BRICS, and all of the
countries that are joining the BRICS own all the commodities. So what better way to roll out distributed ledger technology, but to show the pegging
of all of the commodities pledged to the new BRICS currency, which they just announced is coming out. Why is gold Tier 1? You tell me. Did they know that this was gonna happen? The inevitability and the
mathematics of the dollars demise? Is it going to be the central peg to a new world reserve currency? What better way to show the
immutability and the veracity of this pegging, but
on a distributed ledger Chinese digital yuan, which, I believe, will be
the rails to a new system, the rails to the new BRICS system, to the BRICS currency. And when that happens, God
help us in this country because no one, nobody (break
in audio drowns out speech) on faulty promises and debt
when they can own a currency backed upon nothing but
commodities with the veracity and the mutability of setback, and shown under distributed ledger from the entire world to see. - Andy, Andy, thank you. Thank you. Thank you. Thank you. Thank you very much. I mean, again, the
definition of intelligence, your intelligence, we're gonna
send out both connections to Jay Martin's interview,
'cause they're both, they're very different, very different in part to understand it. But yeah, I've been saying
this for a long time in "Who's Stole My Pension?" I think the biggest tragedy
in '74 was also the ERISA or the 401k. And when those stock market crashes, and the housing prices
crash, the boomers are toast. - [Andy] I agree with that. - And they've had the easiest life, boomers have had it easiest. So what you're saying here is not pleasant for most people, but we at
Rich Dad been saying that for a while. So this here is "Rich Dad's Prophecy". It's why the biggest stock
market crash in history is still coming, is now here. It came out in 2013, this book here, and it followed 2008, and I knew they hadn't fixed a
problem, they made it worse. So I thank you for adding, you know, definition of intelligence. You're very intelligent, agree 100%. Final words, Kim, for Andy. - Do you have a website
or a place where people can come and learn more from you? - Yeah. So our new website is about two weeks from launching. We have a website. We, as I mentioned at the onset, we've done all of this without allowing, our entire history of our company, we've done it analog in a digital world, we have not allowed online purchasing. Our website, right now is,
is kind of a placeholder, I guess you could say for our new website, that's coming out in a few weeks that will allow online purchasing. It is milesfranklin.com. And I'm gonna make an offer to anyone who's watching this video
who would like to receive what I will try to offer as the best price in the country and working
with you or your listeners for having the wherewithal
to listen to me for an hour, I will do my darnedest
to give your listeners the very best price in the country, from the only major license
and bonded company, perhaps, in the United States. It's a federally non-regulated
industry, but in Minnesota, we are licensed. I live in Florida, but my
corporate office is in Minnesota. And you can send us an
email at info@milesFranklin. Say, I saw you on the
"Rich Dad Radio Show" we'll send you a current inventory. We'll answer any of your questions. And it would just be a
delight and an honor to chat with the people out there
who follow you so closely? So milesfranklin.com. The new website's a couple weeks away. Bear with us on the old one. You cannot see prices on the old one, but you'll find by
asking for a price sheet, we're amongst the very,
very, very best priced in all of North America. - I'll ask you a real simple question. I just wanna yes or no. Okay. 'Cause I get into arguments all this time with certain individuals (laughs), and he's saying you should
buy U.S. treasuries, U.S. bonds. Yes or no? - Absolutely not. I know that individual.
(Robert laughing) And why would anyone buy
a bond paying 3% interest against 9% inflation? It's a guaranteed
certificate of confiscation. You're gonna lose 6%
compounding guaranteed. And he's a smart man, I'm
not gonna throw arrows, but I will simply say
to you that, you know, gold and silver don't pay any interest, but it sure beats the
hell out of negative 6%. So I think no, that income
is important, Robert, there's no question, but
income that renders you real negative isn't, and
that's not the right way. - Right? So I'll ask Sara
to send you that interview I have with this individual, you and your dad can laugh,
it's good entertainment. "Cause I went toe-to-toe
with him on this one, but he's a smart dude. Anyway, thank you very much. - Thank you Andy.
- And thank you all for listening to Rich Dad Radio, and we'll come back with the final words. So thank you again, Andy Schectman. - Honored to be here.
- You thank you. Really appreciate it.
- Thank you. And we'll be right back. (upbeat music) Welcome back, Robert Kiyosaki,
"Rich Dad Radio Show". I wanna really thank Andy Schectman, president and founder of Miles
Franklin Precious Metals. One reminder, Rich Dad, we
don't offer anything for sale. We just basically provide information. And my definition of
intelligence is Andy Schectman is a very intelligent man
because I agree with him, and we both agree who
the idiot is out there recommending you buy bonds. I mean, I can't believe this
stuff, when interest rates are, I mean, when inflation's
running at 8 to 16%, why would you buy a 3% bond? I mean, it makes no sense to me. Anyway, so I wanna thank Andy Schectman. And again, we make no recommendations. Final words, Sara? - I just loved the way Andy
lays it out in those markers. It makes it very easy in a
timeline linear event to see where it feels like we're
headed for something big and he clearly has studied all of this. The one thing I just wanna question, and this comes off the tail
of the end of us studying Brent Johnson's latest interview is, if his theory comes true
that all of these nations become part of BRICS, the dollar's toast, what happens
to the Eurodollar system? And I wish we had more time with Andy, and maybe that's something
we can talk about later because that came up in our
meeting this morning was, you know, all of these nations own or have dollar-denominated debt. What happens? Does that just mean they're
paying back the debt with cheaper dollars, and
yay for them and bad for us. That's a question I'd like to
ask in the future interview. - Yeah, it's the same question I have. Basically he's saying is, those dollars just come
flying back to America. And that's why part two of
the Jay Martin interview is very, very important. Not that we have the answers, but you'd be prepared to
do something differently. 'Cause you think there's 8
billion people on planet Earth, probably the 200,000 listening to us today are more highly educated than 8 billion. I mean we're in serious trouble. They have no idea what's
happening with money, but that's why Rich Dad
was created, you know. Years and years I read a
book by Buckminster Fuller, the "Grunch of Giants". It's how our wealth is
stolen via our money. And that's why "The Rich Dad Radio Show", Rich Dad was created. So we have to learn about
money and you can do very well. But if you are ignorant,
just hoping that, you know, Biden and Kamala Harris will save you. I think you're in serious trouble. So anyway, can you give me the links to Jay Martin's two show? - [Sara] Yeah, I'll include
just for the viewers on YouTube and the listeners on the podcast, I'll include the links to
both of those interviews in the description. - And our company has
listened to it three times. - [Sara] Yeah, we're studying it, too, right alongside of you. And we feel like this
interview that Andy did with Jay Martin, who's a
great friend of the show, was probably the most
educational eye-opening interview that we've studied in a long time. So I just, and like Robert said, it's not the answer and it's just, he's presenting a different
view that we've not heard before and it's worth taking a listen
to because it is shocking and scary, but if you're positioned well, it doesn't really matter
what happens in the end, but it's great what's happening. - It could be the best thing
that ever happened to you, this crash coming. Unfortunately there's 8 billion people who aren't prepared for it. That might be another problem. - [Sara] So we know the
Rich Dad listeners are safe, 'cause we've studied this, but anyway. - Anyway, thank guys. And thanks for listening to
"The Rich Dad Radio Show". - [Sara] Thank you. (upbeat outro music)
Very good. Not totally new for WSS, but Andy lays out the situation very well. If you doubt the risk to the USD, give it a listen.
Kiyosaki's not talking about buying rounds again is he? With high premiums I'd think he'd be smart enough to buy bigger bars.
Mr.kiyosaki alot of countries in the world are dumping the dollar and accepting gold and many people the United States are in denial.