Biden's Executive Order EXPLAINED - Robert Kiyosaki, @JamesRickardsProject

this is the rich dad radio show the good news and bad news about money here's robert kiyosaki hello hello robert kiyosaki the rich dad radio show the good news and bad news about money and today a very very special guest a long time friend uh jim records he's a advisor to the pentagon the white house congress the cia and department of defense but more importantly that in today's world of let's say fake news misinformation and i don't know what else we have what we all need are credible sources and the reason i met wreck talk about jim's background with the pentagon the white house congress the cia and department of defense he's an insider's insider so i look forward to all of his uh youtube anything he blurts out there i am consuming so we need credible resources today so i'm very honored to have jim on the program so joining me is kim and our neighbor scott schermer live directly across the street and we're the three die-hard fans and we listen to whatever jim says we listen to so welcome to the program jim thank you robert thank you ken it's great to be with you oh great to have you here and i just want to add that um jimmy the author of the new great depression aftermath road to ruin and several other books um what i love is every time i we have you on the show there is some new revelation and i know that's what's coming today so i'm very very excited so welcome and and one more thing i want to say is that all the years have been i started with currency wars and i was like yeah and that was too that book came out in 2011 uh i wrote a lot of it starting in 2010 and uh i tell it still sells well you know you get the the royalty checks every now and then which is always nice for something that's 11 years old that's a that's a real backlist item a bit of a classic but um if you go to around page 270 yeah give or take somewhere toward the end of the book there's a whole section on ukraine russia and using natural gas as a weapon now this wasn't 2014 when they took crimea or 2020 when the the uh uh uh you know when that when the invasion was being prepared or 2022 and it broke out this was 2011. um so 11 years ago we were i was saying you know this is going to be used as a weapon and and here it comes so um it's kind of interesting that it um you know the war was completely unnecessary now you say you started coming ten years away well the reason i wanted to bring up how long we've been following you is because you've always sounded the drum you know like the tom dum dum dum you've been warning everybody warning everybody warning everybody but in the last i would say year that your pounding has gotten louder the message is similar but your warnings are more dire louder more um direct so that's what i want to talk to you about today is how dire are we what kind of where are we today what is happening okay sounds good yeah so uh the one thing i had a question on you you talked about executive order one four zero six seven what is the your concern on executive order one four zero six seven which was just signed in as with biden and company only a few months ago what what is the concern one four zero six seven yeah it has it has a number of parts and uh the thing with uh well executive orders are for that matter of legislation i could say you have to read the fine print you do but you have to actually consider the hidden agendas like well you know i can read it anyone can read it it's a public document but what's behind it where are they going with it and that's really where the urgency comes in and uh it's basically an order that uh accelerates the us movement towards a central bank digital currency so-called cb dc um these are happening all over the world beijing already has one they're past the prototype stage they kind of rolled that out during the winter olympics um you know last february um believe it or not bahamas has a digital currency the few other countries that have already gone in that direction europe is uh the european central bank is very far along the u.s and the federal reserve because they they print the currency um they were uh they understood the importance of it they were watching it but they were kind of taking their time like hey we're the biggest payment currency the biggest reserve currency in the world which the dollar is and we don't want to race into something if it's not thought out and they were doing a kind of joint venture r d program with mit okay they got some experts there so that that seems to make sense but all of a sudden they accelerated it and uh they said we know we got to move fast on this we got to catch up and that's what 14067 was about but uh so okay so that's kind of what you could get from reading but what's the hidden agenda well the the first of all just away a little bit of background central bank digital currencies it's still the dollar you know so a a digital dollar is still a dollar a digital chinese yuan is still yuan a digital euro is still a euro so it's not a new currency but it is a new payment channel and it is a new form of the currency if you want to think of it that way even though it's still the dollar um and so what and it goes hand in hand with getting rid of cash uh in other words i'll spend you know in a minute we'll get into what the central bank digital currency what the hidden agenda is behind that but as i go through the list of you know really bad things that can happen you say well okay but i i still got cash i can go down the bank and get a you know whatever uh ten thousand dollars or a hundred thousand dollars in cash by the way that's not easy to do i say that it's not illegal you can it's legal it's not illegal but uh try doing it they'll tell you to come back make an appointment uh they don't have that much money they gotta ship it in you better show up with like your birth certificate and five character witnesses and then they'll record you they'll report you to the treasury actually the financial crimes enforcement network knows the word crime uh fincen for short northern virginia and you'll go in a file next to uh you know i'm in alzheimer's so uh so it's not so easy to get your cash but you can in theory and uh and that's the alternative so they have to not only push this the digital currency agenda which we'll talk about in a minute but they have to get rid of cash because as long as you have cash you can do an end right around this so these two things are coming down the track pretty fast now flipping back to the central bank digital currency um it's not a cryptocurrency um it's not on a blockchain a blockchain is just a ledger they've been around since the 80s no big deal but this ledger will be maintained by somebody probably the federal reserve but you know there could be a new government agency doing it maybe so jim a ledger that a ledger that keeps track of everybody's transactions well it does two things it does that you're right kim but also it's kind of like a bank account so we might quickly end up in a world where you know i've had the count of the bank you guys have accounts of banks well those banks are either members of the federal reserve system or they're smaller banks that are that are correspondence of bigger banks that are members of the federal reserve system like bank of america or wells fargo haven't helped you with wells fargo but uh the point being um uh the banks kind of keep all the books we might be in a world where you you would have an account the fed uh you know kim and robert and i and everyone listening would have an account of the fed uh we'd have it on our iphone or our samsung or whatever our mobile phone is uh and if i send you money it just the fed takes out of my account and sends it to your account and a story kind of like a venmo type of thing with you know larger denominations etc that has implications in terms of disintermediating the banks like if you can do that which you can technically who needs banks but uh but to your point kim um you know that the selling point is well it's better faster cheaper okay which it is um so for example i go to a bookstore and i buy a book with a credit card i say get the book well the merchant the retailer has this receivable and so they sell it to what's called a merchant acquire merchant acquirers or finance businesses that buy a whole bunch of receivables from a whole bunch of little retailers or even larger retailers they then take that bundle receivables now we're talking hundreds of millions or more and they deliver it to mastercard or visa and then they get paid obviously they make a little money on that mastercard and visa then send those receivables to the banks that issue the credit cards and then the bank sends me a bill and i pay the bill so think about that i buy buy a book but you get five financial intermediaries you get me the retailer the merchant acquirer mastercard visa and the issuing bank and the total fees are you know like two and a half three percent so why do we need five financial intermediaries with let's say three percent fees to buy a book when you can just have an account of the fed and everything whips through the fed you know fast and easy uh and then expensive so and that's all true that is how it could work if you had this digital dollar the problem is uh but let's assume the banks continue to play a role because the fed's job people talk about you know it's the fed's job reduce unemployment squash inflation uh green new now they want a green new deal you know the fed's supposed to make sure that nobody lends money to exxon mobil even though we're out of oil um but but those are like ancillary the fed's main job from the beginning from 1913 really 1907 onward is to prop up the banks i guess why they're there so i doubt they'll just intermediate the banks but but either way you're going to have a faster cheaper better system for making payments uh but but what else and this is the key and this is why we're sounding the alarm a little bit on executive order 14067 so once it's digital a couple of uh first of all they they know your whereabouts now they already know your whereabouts from your iphone unless you turn your iphone off and not just turn it off and put in what's called a faraday sack which is a special woven fabric of a metallic weave that blocks radiation um and by the way do the same thing with your easy pass and a bunch of other stuff but unless you do that then they know where you are for your iphone or your samsung or whatever so they already know your whereabouts we have facial recognition software people go i'm going to wear masking sunglasses and pull my hat down okay they have what's called gate recognition software gait meaning how you walk believe it or not everybody walks slightly differently it's like a fingerprint so even if you're wearing a mask they see you walking down the street they're like that's kim or that's robert or jim or as the case may be so they already know a lot um and they know your whereabouts but now they're going to know what you're buying right because every product has a you know a sku stock keeping code uh stock keeping unit code you know with it with a you know a qr scan digital scam they don't know what you're buying uh and this digital currency is programmable meaning they can block certain purchases or not so let's say you uh you know donate money to elise stefanik she's an up-and-coming republican member of the republican leadership at an upstate district in new york or having healthy if you donate money to donald trump uh well they might they'll know that first of all and you might find that your accounts frozen uh or let's say they want to uh see right now if you work and you you're an employee it's a technical term defined and you get paid and you get a w-2 at the end of the year and but they withhold it from your payment i really get paid every two weeks or whatever they withhold employer withholds taxes from your wages and then you file you get your w-2 to file your tax return you reconcile maybe you get a refund maybe owe a little bit but they got the money up front through withholding but that's not true for independent contractors and professionals so doctors lawyers architects you know landscaping store and anybody who's not a w-2 employee doesn't have withholding they got to pay their taxes um but what if they could just take it out of your bank account i said yeah okay you're a doctor but you know you put the money in this bank and i'm just going to take you know some number 20 of out of your bank account every month and yeah fi you know we'll send your statement 10.99 file your tax return you know you owe or you get a refund but no more honor system in other words uh no more waiting until year end we're going to take it out of your bank account or what if um as a form of stimulus even though it's not stimulus but they'll call that they say you get money in your bank account okay but we're going to put a countdown clock on your bank account and if you don't spend 10 of it in the next 30 days we're going to deduct you know that much so and i was use it to lose it so now i said you know you know i worked hard i made this money it's in the bank but you're telling me if i don't spend it i'm going to lose it anyway so i might as well go spend it and of course that the idea is to stimulate the economy but the point is the number of things you can do from surveillance to identifying your political preferences um withholding taxes account freezes accounts seizures you know time limitations on your money your money's a countdown clock it expires after a certain period of time etc i could go on and on but but you take the point which is it's not your money anymore i tell i've always said to people you put your money in the bank it's not your money it's the bank's money and they'll give it to you if they feel like it well this is that same idea on stilts and this is like yeah and now the government's involved and it's easier for everything easier faster cheaper about payments is also easier faster cheaper about surveillance confiscation account freezes etc and then people say to me you know they explained that what i just said to you guys and they say oh that'll never happen it's already happening i mean it's already here uh talk to the the freedom combo in canada what my neo-fascist friend christopher freeland who's the deputy prime minister and finance minister did to the freedom convoy now okay they pulled into ottawa in the middle of winter and i was just nodded a couple days ago by the way it's pretty city but pretty small actually um yeah they stalled traffic they blew the horns at three in the morning uh all trudeau had to do was come out say who are your leaders meet with them hear their demands give them a few not all they would all go home and that would be the end of it he didn't do that he went into hiding uh he's he's sort of coward he's not very smart the christian freeland is a uh a tough cookie put it to put it in polite terms and she called the banks in canada now the demonstration canada in the u.s they only have five big banks we've got like five thousand or something but there's you know cibc real bank of canada montreal nova scotia and td um she called the banks identified the bank accounts of the truckers um and froze all their accounts she didn't stop there she then called the crypto exchanges because you know i know what cold wallets are but a lot of people who put the money in crypto exchanges got their names froze their crypto accounts seized their trucks they couldn't feed their family they were put in jail hell without bail literally couldn't feed their family in the middle winner all because of a non-violent protest when i emphasized there was no violence yeah annoying yeah so give them a give them a traffic citation for blowing your horn at three in the morning 500 fine you know appear in court whatever i'm not saying there shouldn't have been any accountability but um being held in jail without bail where all of your money's been frozen your assets have been seized they're non-returnable and you can't feed your family for what a non-violent protest but my but my point is and that's an exercise in fascism of course but my point is that they did it all through digital banking systems and and cryptocurrency systems so and they're doing it in china they have what's called a social credit score so if you uh you know bad acts or you start smoking you're smoking but you take a train to go to a protest okay about and there are there are many runs on the bank there's a not there's a group in china for me don't pay your mortgages because i mean in china it's a little different because here the builder builds a house and you guys build a house a buyer comes along buys the house gets a mortgage pays the mortgage but they get the house in china you take out your mortgage before the house is built and then you owe the money but the down payment and the mortgage money is used by the builder to build the house and you move in like a year or two later but you're already on the hook for the mortgage except that the developers sold the money and didn't finish the houses but the banks are saying you got to pay the mortgage and people are saying no so so people are traveling around china to join these protests but um in china you have a social credit score so they identify you through the banking system and then turn off your ability to buy a train ticket or a plane ticket oh and then it goes on from there you put you post something you know the worst thing you do in china is compare uh chairman xi to winnie the pooh he kind of looks like that's true so if you post to winnie the pooh uh meme or something uh good luck getting your kids into school good luck uh getting health care for yourself uh you'll etc so my my point is this is already being done and then people say it'll never happen here why not show me something that was really poorly done uh abroad that isn't being done here sooner than later particularly with the obama administration so i'll leave with that but the point is this is more than just a digital currency this is more than just uh convenience and cost savings which it is that's how they sell it uh this gives them total surveillance total control it's the ultimate realization of the total surveillance state and uh just look at what they did to russia and not to debate the war in ukraine but they froze the treasury notes held by the central bank of russia well what's the difference between that and default like why do you buy a treasury not well you buy them because you think the treasury's going to give your money back and with interest um but when they freeze them like well no actually we're not giving you your money back so what's the difference between that and default i would say there is no difference uh so we've kind of already defaulted on treasury notes yes selectively with a political rapper around it i get it um but uh cha and given what's going on in china europe uh and and the u.s sanctions on russia which are tantamount to a default tell me they're not going to use um this digital dollar for political enforcement and the answer is they will so so jim this is like george orwell's big brother is watching on steroids it is um interesting about george orwell you know he his book uh novel we referring to of course 1984 uh which he wrote in 1948 so the 1984 was just taking 48 and turning it backwards and that's how you you got to 194 1984. but he was of course he was a futurist of course he was looking at where we are today and and brilliantly but he was really writing about what was going on at the time he was describing a stalinist system but he didn't have um or he didn't you know go down the path of imagining the technology he was imagining fascism totalitarianism thought control thought police etc but in a context it kind of looked like the industrial society of 1948 um and he said it would get worse and it would be global and he was right about both things but compare that to aldous huxley brave new world where it was very technological and to the point of you know [Music] children were formed in uh in bats you know you didn't actually give birth etc uh and they they they did genetic engineering to change your iq because they needed some dumb people to do menial tests what's the difference between that and an mr rna vaccine um well no they are that's it's genetic these are by the way these are not vaccines one of the criticisms i got from my book the um the new great depression which came out early 2021 i wrote most of that in 2020 interestingly about that book i think i wrote it in 2020 it took a while to get published because the supply chain was messed up my new book's on the supply chain but i said uh maths don't work lockdowns don't work social distancing does not work and um there is no vaccine and so today here we are in 2022 and what do you hear a mess actually don't work even though she had missed that vaccines you know five million people in this in december 2021 five million people double backs and boosted so three shots some of them on their way to four got covet yep so tell me it stops covert tell me it stops the spread it doesn't of course it doesn't well now now the narrative is it's trump's fault the vaccine is now true but the point my point is yeah it's nice in 2022 to people for people to say i actually got that right but we actually knew in 2020 this is because it was censored and suppressed for two years and you were de-platformed and criticized and caught a conspiracy nut and tinfoil hat all that jazz um it took two years for the truth to come out now the truth is coming up but we actually knew it at the time when i said lockdowns don't work uh my source for that because i always source everything i i'd like 200 footnotes in the book right in 2006. i hate to i hate to interrupt this thing we need to take a a break here quick but uh again you know jim like i said the most important thing today are credible sources and uh for scott sharma my our neighbor and kim and myself you are that credible source i'm just i was is that a drone circling your head yeah i'm a little concerned i'm a little concerned of what you've been saying to us but i know when we come back you're going to have some solutions if if if jim if jim has been turned into a frog you know something happened we'll be right back [Music] last month reports of inflation hitting 9.1 percent sent markets into a death spiral it's the steepest rise in the cost of living since 1981. biden yellen and powell they might need to check the definition of transitory because this spells disaster for tens of millions of americans and their savings at this rate the dollars under your mattress will lose half their buying power by 2030. but robert saw this coming he's seen it before he knew that 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usa canada the uk select countries in the eu and australia feeling powerless over current events and your financial future financial freedom is your freedom robert kiyosaki is the best-selling author of rich dad poor dad over 40 million people have taken robert's advice now it's your turn attend robert's free virtual wealth building event claim your free access 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 it's a very very special program we might have to have in three parts sarah you know because the information is priceless our guest today is a long time friend jim records but like i said earlier the show in today's world of fake news misinformation a lot of political opinions and emotional garbage going through the webs and all this stuff gemma's that credible source that myself kim and my uh our friend scott schremer was across from kim and i we've been friends for 25 years and we listened to jim all the time so i appreciate his podcasts and his work and all the things he's doing the warnings he's sending out now as i said earlier he's been selling this alarm for about 25 50 years i think and now the alarm is getting louder as technology changes he talked about executive order one four zero six seven what does that mean and most people don't so anyway jim was the former adviser to the pentagon the white house congress the ci and department of defense and he also has a fantastic financial newsletter called strategic intelligence so you want to keep up with jim and what's coming you subscribe to that newsletter you missed one organization it's called fi fbi jim thank you very much for being part of the rich family of the world and all this and uh we we cherish your advice so so so we're talking about the surveillance and the surveillance state and this whole digital currency you talk about the asset emancipation system as actually a way around this surveillance state can you elaborate on that let me say we have to go to a solution pretty quickly because people are on suicide watch right now jim any any brightness of the future here maybe we can uh not not just save wealth but save some lives um yeah uh kim i never uh i i kind of tell it like it is so i'm not trying to people go well you must be the biggest pessimist you know where and i'm not i'm temperamentally i'm an optimist i do look on the bright side but i'm also a realist and so when i see things coming and i understand them and i have a lot of training and experience and all that i just explain what it is and and the audience appreciates that but i never um give a kind of a dire forecast and and i do that all the time without offering some solutions i think you you almost have a responsibility to do that if you're gonna paint a bad picture so i really consider myself as much a problem solver as anything but i always say before you can solve the problem you have to understand the problems that's where the analysis comes in but let's talk about solutions um the the so okay so if they're going to get rid of cash and they're working on it and they're going to put you into a digital dollar and they're working on that and executive order 1.4067 puts that on a fast track and if the digital dollar can be used for all the things i described which you can you know surveillance account freezes account seizures you know putting a countdown clock on your money spending tracking actually actually create a molding behavior what they're doing exactly that's exactly right um so so what are the workarounds uh how can you get out of that system well if all this is being empowered by digital technology which it is you sort of have to go non-digital in other words this is the uh you know lean might go left or you know vice versa um and uh um so what are the digital assets that work as money what are sorry non-digital assets of workers money where the non-digital assets that work as stores of wealth etc well there's a bunch of them um you can start with gold and silver but i would include real estate um natural resources water energy et cetera and you can even do some of this in the stock market i'm not uh i think i think stock market's going to go a lot lower so i'm not saying when i'm buying you know call options on the s p 500 index but um i'm saying there are sectors that i think will outperform starting with the energy sector but the first thing you need um is a certain amount of gold uh and silver uh and don't buy uh if you want to trade or get price exposure that's fine it's up to you but uh if you're trying to preserve wealth and so you get outside the digital dragnet which is what we're talking about uh physical gold bullion um uh you know i've always recommended the one ounce american gold eagle uh but um more and i still do uh it's a good store of wealth but i also think in terms of practical terms like what what about a world where um you know the power grid's down electricity's out or the digital state has become so pervasive that you don't want to be part of it etcetera and you just you still gotta buy proof of your family um the the quarter ounce uh american gold eagle is really interesting it's eight grams that's what a quarter ounce you know is a quarter ounce is um and uh it's the size and gold content and durability of the old british sovereign which until 1914 was how you uh was money on not just money but it's how you move money around is how you if you traveled you had a purse with you know british sovereigns those are those are like 7.9 grams but basically the same thing as the quarter ounce um and the reason is the one ounce coin and again i do recommend this as a store well but at the market today they're worth you know i don't know 1750 uh an ounce uh you know it's been up to 2000 recently it could go lower or higher but you know just take 1800 analysis kind of a central tendency well that's a lot of money that's a lot of groceries uh it's probably more than you need whereas the quarter ounce is closer to 500. uh for that matter a one ounce american silver eagle um is um about 20 21 at the market is a little premium when you go and buy them but um so 10 of those is two hundred dollars so the one the and by the way when i was a kid we had silver dollars you know your your grandfather wanted to give you a tenth birthday present he gave you ten silver dollars in a sack you're like thanks grandpa um but they but that was money good that was insert they were in circulation you can't find them now because everyone's put them in the uh you know collections but uh um so the the american silver eagle one ounce worth about 20 bucks the the quarter ounce gold eagle uh worth about 500 bucks those are really practical forms of what we call philadelphia walking around money i mean you can actually spend those uh yeah you can walk around with it and you can buy stuff but my point is they're not digital so now all of a sudden i go to uh if i'm in a rural area um you know know your local farmer uh and you go down there and you want blueberries or tomatoes or corn or or fresh bacon or whatever um there'll come a time when they'll take that they'll say yeah okay i'll i'll take you know we agree on a price but uh they'll take it in in in silver coins or gold coins because they're thinking the same way you are it's not like it's not like you're the only person uh who's trying to get out from under the digital dictatorship um and uh so you'll find um you'll find willing buyers and sellers more people doing this and then it'll gain currency no pun intended um and so that's a good solution uh the the one sorry guys are you worried jim at all the government uh will make it illegal like roosevelt did in 1933 well there's a lot of misunderstanding about what roosevelt did in 1933 he um he did make gold contraband you write about that but they say we confiscated all the gold well he didn't exactly do that what he did he ordered americans to hand in their gold but he gave them 20 and 67 cents uh equivalent that was that was the price of gold at the time 20 and 67 cents an ounce they called 20 to round number he gave you 20 an ounce for your gold so and by the way that's required under the constitution read the fifth amendment of the u.s constitution is the government is allowed to take property but may only do so for a purpose and only upon payment of just compensation that's what the fifth amendment says so um so the government can seize property but they have to have a good reason and they have to give you um that amount of money um and roosevelt did now as an insider trade because he knew that he was going to value the dollar raised the price ends up being 35 an ounce and what he was thinking was well if we're going to raise the price in 20 to 35 dollars there's a delta there i want to capture the money for the government i don't want american citizens to make out on this so he he bought all the gold at twenty dollars then raised the price to thirty five dollars and the government the us government got the profit by the way that profit was put into something called the exchange stabilization fund which still exists to this day it's a slush fund in the billions that can be used by the us treasury without without congressional approval see when the congress ratified this in the gold exchange act of 1934 they said oh yeah you got this exchange stabilization fund you can do whatever you want with it you don't have to come back to the congress for an appropriation in 1994 during the mexican uh financial crisis collapsed the so-called tequila crisis robert rubin who was the secretary of the treasury at the time went to the congress and said you got to bail out mexico because of banks you know u.s banks the congress said you crazy would spend taxpayer money to build mexico get out of here and reuben went back to the treasury and he used the exchange stabilization fund which was the profit from the 1934 insider trade to bail out mexico in 1994. uh and it's been used since so that that money is still there that that original uh uh insider trade but my point being roosevelt was bound by the constitution to give people something and he did so now let's come forward to the future so let's say the government wants to repeat that process well uh you know last time i looked at the constitution which is a couple days ago it hadn't changed they still have to do that but here's the difference roosevelt could pull off his stunt his insider trade because the price of gold was pegged at the time he changed the peg but at the beginning and the end of the process it was pegged the pre the dollar today is not pegged to gold uh we can we get into market manipulation that's a separate subject but there is a market in gold and gold fluctuates goes up and down so imagine a world where the government's actually thinking about doing that right now i mean they're not because the government doesn't want anyone to think that they actually think gold is monetary assets so they don't talk about it but if it got to that point um and the government was thinking about doing something like that by the way when people bring that up i just say to myself well you actually just you're looking for reasons not to buy gold don't waste my time um you know he says well the government's going to steal the goals fine don't buy gold and good luck to you um but um but but technically if they had to do it um imagine the world where that's happening this is where a lot of analysis falls down people just they hold everything constant and they think of one thing and they go well it wouldn't work or whatever but but that's not how the world works the whole world evolves so you see what you have to do is imagine the world where the government's actually thinking about doing that right this is the world where gold's already at five thousand on its way to ten thousand the wheels are coming off the international monetary system confidence is being lost banks are being closed and gold is going to the moon and now the government comes along and the fifth amendment still applies they'd have to pay you ten thousand dollars an ounce because that's that's the world where this would be happening now you may or may not want to take it but you're not talking about seventeen hundred dollars an hour you're talking about ten thousand dollars now so maybe even more and and the point is um you know at least you may at least you made ten times your money um but i i also think that um the other big difference between 1933 and today is in in 1933 people trusted the government and government wasn't perfect but they're like yeah happy days are here again dr is not hoover uh he's trying his best trying to get us out of the depression unemployment was 20 there was a sense that americans had to pull together make sacrifices and if that was one of them they would go along with it today that's not true trust is gone you know the fbi's like you know bidens gestapo you know well it's not funny it's true um it's just the the uh yeah so on uh the fbi is corrupt intelligence community is corrupt um the white house is i i waver between corrupt and competent you know i always i sort of incompetence and stupidity are my default positions because they're they're a sufficient explanation but they're actually not they're this is all according to plan so um so you know in in that world um they they might try to uh to do something like this but they're not trusted so i don't know how much compliance there would be as a lawyer i don't i never encourage non-compliance but as a real estate you say well maybe people won't be lining up at the treasury stations to hand in their gold so so two things and one fifth amendment still applies all three things one the fifth amendment still applies they have to compensate you two if this happened it would be in a world where gold's already well into five figures and uh you know at least you made a nice profit and number three i think compliance might be sketchy at best so no i don't worry about it okay well as jp morgan once said gold is money everything else is credit and that's the world we live in correct and jim i i've i've heard you in the past two talk about art as a possibility fine art um as a possibility and recently about loose diamonds how does that play into well loose diamonds at least diamonds and fine are really good for smuggling um no they are because the thing the thing about gold well so okay so a an attache case with one million dollars in hundred dollar bills weighs 22.2 pounds that's how much it weighs so you can put a million dollars into an attache case it will not sit off a metal detector if you're not carrying anything else uh 22 pounds man it's heavy but you know you can do it um gold is of course you know much heavier um a million dollars worth of gold well now you got me i got to do the math but uh it's uh that's going to weigh close to uh 500 ounces uh yeah yeah 500 ounces at 2 000 an ounce we're not quite there that's a million dollars worth of gold well 500 ounces is uh i think 36 pounds again do the math but um that's just a little heavier than the 22 pounds of 100 bills but diamonds is are pretty light you know you can they're dense but you can get a lot of um uh value which will not sit off a metal detector uh by the way this is just a technical action i'm not encouraging smuggling but [Laughter] relatively and that is why people use diamonds because they're they're light they're lightweight they're compact you get a lot of value for the weight and they don't set off metal detectors but i actually did the math on all this ones you could probably tell and uh the best was like fine art because um i'm gonna say fine art i'm talking like a picasso or andy warhol or something because um if you if you cut uh uh take the canvas off the the you know the mount the frame um and weigh it and so you can get a hundred million dollars let's just say 10 million let's be concerned you can get 10 million dollars of value and the weight is like two pounds so you do the math it's like that that has higher weight so higher value per weight than diamonds gold and cash so it's actually the best medium to smuggle but also the best medium to preserve well and doesn't set off metal detectors that's why people do it i i once i once bought some art in um in brazil it wasn't 10 million dollars but you know it was a nice the street artist who was kind of up and coming i figured maybe it's the new banksy or whatever so i i bought the print and i uh i tried i didn't think twice i didn't like in a portfolio and i was carrying it through customs in the uh um buenos aires uh and i was in sao paulo uh the sao paulo airport and my my my daughter is also my business man she's just dad they're not gonna let you take that through you crazy you gotta check it and all this stuff and she was right they they they looked it over pretty closely but by weight fine art is the best way to do that now but it's also true if you're just trying to you know keep it in safe keeping keep it in a vault etc and i've been i visited with um some of the biggest vault operators in the world in their uh operations near zurich uh uh and uh talked to the head of um not not just gold storage but you know uh precious metals and fine art and uh he said there was just a ton of stuff coming in they couldn't build they couldn't build the vault space fast enough uh and it was a lot of those coming from the banks they were like getting it out of deutsche bank credit suisse ubs and into private vaults like loomis and and brinks because they're not banks and they're not regulated the same way uh so yeah they all have a place the thing with fine art uh as opposed to goal one of the good things about gold it's an element atomic number 79. you can like it hate it talk it up talk it down but it's gold there's no controversy about what it is art the valuations are subjective they're variable um and i think unless if you want to use as a store of wealth you really got to be talking about what i call museum quality so uh you know picasso andy warhol marcel deschamps uh you know bastiat uh um i'm not a big fan of this damien hurst guy but you know fandom doesn't matter but it sort of has to be that quality because if it's not uh museum quality knows because if it's not it's going to be off the run and you're always going to rely on a dealer and there might not be dealers in the world we're talking about so so yeah fine art has a place but it's got to be really really good what i call museum quality and you've got to know good good art from badar because i go ahead and tell the difference i would be buying all these fakes i'm sure marcel duchamp gave a famous speech once uh he was he wasn't a big he wasn't very outgoing like personable but not very outgoing he didn't really care about publicity so but he only gave like one speech it was like three pages but he said we don't really know what's good for 100 years it's only after you die and all the critics are dead that that consensus may form that yeah that was pretty good that's great so jim thank you very much thank you for your time i'd like to give you an opportunity to talk about um strategic intelligence newsletter because it's it's so valuable well thank you uh yeah i have a newsletter strategic intelligence our publisher is paradigm press uh so if you just google you know jim ricker's strategic intelligence paradigm it'll come up um and uh it's we put a lot into it we've actually uh i i do about five to six thousand words a month uh it comes out monthly but over 12 months that's like a book it's like 75 000 words so i put we put our heart and soul into it but we've recently expanded the list of other contributors and now yes i still do my my flagship my anchor article five six thousand words but we have uh byron king who's a great um um you know mining and also military expert george gilder one of the great futurists of all time uh and and others who are contributing to this so you get even even more uh and it's uh it's a good price point we have other more expensive um publications uh that we hope people consider but uh strategic intelligence is a good good starter and what i love is it's very up to date it's up to date it's what's what's on your mind today when i get off this interview i'm going to finish this month's issue it's 100 current and then at the end of november november 29th my new books sold out will be available it'll be on the shelves it's available for pre-order now sold out this is about the supply chain i finished writing it uh around march 11 updated a little bit it's very fresh but people go well jim if you finish writing the book of march how come it's not coming out until november and i tell them my supply chain book is being delayed by the supplies we know that we know that problem well here with books and papers the papers made in finland not enough truck drivers et cetera so uh but it'll be on november 29th sold out available on amazon wonderful well jim thank you thank you thank you very much we have you know from scott sherman myself and i thank you all the people listening in your information is priceless and timely thank you again thank you jim and we come back we'll have a final wrap-up from our interview with the infamous and famous jim records we'll be right back [Music] welcome back robert kiyosaki well thank jim records i mean my god if you want credible source somebody's an insider insider that's the guy so please check him out constantly i'm always on his youtube podcasts and his letters and all this because today everything's changing so rapidly so we'll wrap it up so sarah what'd you pick up from jim this time well we had studied that his that 1406 executive order about a month ago but i'm starting to see different things pop up i saw an aarp commercial last night and it's telling seniors um if you go to the gym you earn 200 points if you eat healthy you can log it in this app and you earn 50 points they're training our brains to be to do good things to earn points and i was like this is so perfect ahead of the gym records um interview so so yeah i think they're already doing it i think when we saw the stimulus packages come out during covid we were already training ourselves to see that money arrive in our bank automatically so very scary very scary stuff and i just want i'll leave a i'll put a link to jim rickards strategic intelligence newsletter in the description so you don't have to google it i'll link it right to that point you know if they can put money into your account they can take money from your account absolutely and that's a little scary so scott what did you pick up well i like the jim's practical advice we all feel government is changing in this country and it's uh getting more restrictive we see examples from around the world and jim's advice is a a warning to all of us and practical solutions and how we can protect ourselves and i think we should heed his warning yeah as i said he's been warning us for as long as i've been following but this this time the the tomtom beats are getting louder and louder and more you know do it now basically yeah and i think that's what we're out of time i think that's a good word scott is practical i wrote that down earlier um his advice even you know for the one ounce silver coin but then you can get a quarter ounce because that's going to be more easily to easy to trade and um it's just it changes the way we're thinking it changes the way i'm thinking i can't believe we're even having this conversation um that we've come this far this fast um but he has always been as you said robert warning warning and hitting on the drum and saying hey pay attention wake up we don't have time anymore we do not time is out right and i think everybody sees that yeah and then this morning i got a um text from tom wheelwright our tax guy and he's the author of tax free wealth he just said california just now took control of wages in california of a fast food industry that's wage and price controls that's pure marxism so i mean california is the you know people's republic of california and i don't know anybody lives there i really don't you know because he can see what's coming next so anyway i want to thank you all listening for the rich dad radio show this will be an extended program because the information is priceless so thank you all for listening thank you [Music]

Channel: The Rich Dad Channel

Views: 1,182,824

Keywords: TheRichDadChannel, robert, kiyosaki, rich dad poor dad, motivational speakers, business ideas, make money, how to get rich, network marketing, how to make money, how to invest, passive income, cashflow game, jim rickards 2022, jim rickards interview, jim rickards prediction, jim rickards gold, Biden Executive Order 14067, robert kiyosaki, financial education, economic collapse, digital currency

Id: Eg2t2yjlOsM

Length: 51min 40sec (3100 seconds)

Published: Wed Sep 07 2022

Reddit Comments

[u/Nic7770]

Must watch if you are not aware about CBDCs.