Robert Kiyosaki - The BUBBLE Will Burst! - How You Can Protect Yourself

[Music] hey everybody Josh Eriksson a world alternative media here we're joined again by author and economic analyst here well Johnson and we are joined by the one and only Robert Kiyosaki author of Rich Dad Poor Dad and a whole host of other books and has really done incredible work over the years and it's always good to talk with you again so thank you for joining us thank you thank you now we we've seen kind of the return of the collateralized debt obligations the mortgage-backed securities we're seeing reverse mortgages all this kind of crazy stuff can you go into a bit about maybe why we should learn from history and kind of stay away from this kind of craziness well you know it's throughout history printed money has never worked you know from the time of the Chinese and 600 AD is they started printing paper money and the Romans debase the currency and then the Weimar Republic you know in the 20s 1920s printed money which led to war to rise of Adolf Hitler and death of about 25 million people so then the United States tried it again in 1971 when Nixon took us off the gold standard and every time they can't figure out how to make more money they create derivatives of money and so we're just doing it again and it's not real money it's fake money so though forgive a plug my next book coming out is called fake just big fake you know those fake news is fake this is fake that but this also fake money fake teachers you know our teachers are not when it comes to money I'm sure the good people but they really don't know what they're talking about when it comes to money that was my poor dad you know and then the last one is fake assets and what we're talking about right now our fake assets where they're you know CD collateralized debt obligations things like this but it's not new the whole thing is it's never ended nicely you know if this is there's this boom as euphoria that's like if I gave you you know five million dollars each you'd be very happy but for a lot of people it's like a hangover soon comes after that and that that's why I'm all sport stars and lottery winners you know they go bust and so the whole thing isn't money it's that we don't know how to manage our money so and we've seen this end badly before we saw it in 2007 of course obviously a lot of people lost a lot of money you see investor confidence but not exactly fundamental value and that can cause obviously a lot of problems not to say you know every real estate market is gonna go bust but obviously there are a lot of real estate markets right now that obviously don't look good mainly you know Vancouver Toronto Seattle for example where do you think are the best places at this moment to buy and the worst places to buy what real estate yeah I don't have I'm not buying anything right now I'm selling III generally don't sell and so it kind of hurts me to sell but I know it's a bubble because the properties we bought about 1,600 units about three years ago and already these private equity hedge fund guys are offering us three times more than we paid for it in just two years so for me to get my ROI you know by cash flowing it out of rent it ain't going to happen so if some idiots knocking on your door to give you three times what you paid for it you gotta sell you know and I hate selling I like you know like Warren Buffett how long do you hold a stock he holds it forever I hold gold and silver forever and I hold real estate forever but now with all these people offering us so much money I mean it's ridiculous but as you know you never sell your best properties you sell all the stuff that you you're kind of hoping to get rid of anyway so it's kind of funny it's entertaining yeah John I'm sure you have a question regarding that ya know it's interesting to see how you know it develops and how these hedge funds and everybody's coming in to just try to find anything on Bali right now and anything that they could turn around for certain percentage because there's by interest rates being so low you see just a mass flood into a lot of bad assets and bad investments malinvestments because people are desperate especially the pension funds and so on they they are desperate to find anything to back up all these unfunded liabilities now I know you I believe you were wrote a book with Donald Trump back and it says why we want you to become rich and I think you touched a little bit upon you know the unfunded liabilities and and the problems in the United States if you want to go just quickly into you know what you see happening you know in the near future with all the pensions and everything that have been promised well it's not pretty I mean you know that we have so many I'm a baby boomer and there's 10,000 of us so-called retiring every day but I think only wait 1020 percent can afford to retire and the greatest fear in America today is not dying poor the greatest fear amongst my generation of boomers is that living poor you know what's what's going to happen when you can't afford health care what's going to happen when you live to be a hundred you know and all the investment fund tables you know they like the pension funds and all that they were base upon a 7.5 cent I have returned you haven't seen that in 12 years and then on top of that they expected us to die at 70 well that's I'm already 70 once I'm already costing the money and Social Security is already going negative and so that leaves Medicare and Medicaid in America the entitlement programs but what most Americans don't know is that you know this grandstanding right now between our senators and congressmen and our president the fact is you know what we're just in the red pill listening to talking about the amendments but the fact is the Constitution which is stronger than the amendments the Constitution states that our leaders like Trump the Senate and the Congress can only control 35% of the budget the rest of the budget is controlled by entitlements so as military defense goes up because of his protracted wars and because of entitlements the Constitution is required to fund them and we're broke so that means where we're going from here you can't you cannot make any changes so all this talk about you know we're gonna balance a budget well we haven't balanced the budget since 1994 and was just going deeper and deeper into the red and easy guys know between 2008 and 2018 and 10 years we printed more money than any time in world history and as I started this whole thing anytime somebody prints fake money be it the Germans or the Chinese or anybody it's always ended badly and I just totally question is how bad and just adding to that you talking about pensions it's absolutely insane when you look at the studies and analysis based on today versus what it will turn into logistically it has to hit about a 400 trillion dollar shortfall by the year 2050 now that is a 400 trillion and worldwide that's worldwide but that's 4 over 4 times a global GDP which is absolutely astonishing and that comes down to a point that I wanted to go into with you is dependency of people so many people are a lot of Millennials and I know this as Millennials seeing a lot of my friends very dependent on their parents on the state on the banking system thinking you know these guys are gonna look out for me and they will take care of me rather than you know being more independent and you know working towards success and being a successful person what do you think about this kind of movement of really dependent people among the younger and as well as there are a lot of baby boomers that were very dependent as well what do you think about this dependence versus independence well that's all the perfect storm you know it's I wrote a book for forgot the name of the book already but it was that it all come to a head in 2016 and that was a year that the baby boomers would have to start withdrawing from this whole thing so that's worldwide now so I don't think it's gonna end pretty okay just look at history look at the Weimar Republic Germans and Zimbabwe and now Venezuela every time they've printed money which we have to print money now the US does because of the Constitution it's not gonna be pretty and so I feel for your guys your age you know because you guys are going to not only pay for it but you're gonna have to dig your way out of this one yeah it's one of those things were us as individuals younger people need to instead of looking towards pensions actually look towards assets and look at ways to protect their wealth and that's another thing I wanted to go into with you is the solutions because we could talk about problems all day but there are solutions out there and I've heard you talk about it several times i see those lirik emerges on fox news all the time we're talking about gold and silver and I would like to hear your thoughts on the current gold markets and why you think gold and silver stand out above obviously the failure of the Fiat system well the look I can plug my new book fake coming out if I ever get it published I just keep more stuff keeps coming up so I keep changing the book fake it's gonna be initially free online so people can look at it but when I was your age I was 25 years old that's the in 72 Nixon took the doll off the gold standard in 71 so in 72 the book fake starts with me flying my helicopter behind enemy lines into Vietnam so I went to North Vietnam but the the North Vietnamese had overrun our position and so there was a gold mine in enemy hands so my goofy co-pilot and I in a crew chief we flew behind enemy lines go look for gold idiots and so we were in this village that's overrun by Viet Cong and NVA and we're hey hi we walked we want we came out of a helicopters unarmed to let them know we came as business guys not military guys and so we tried to buy gold then and I realized something I never seen gold because back in 72 it was illegal for Americans own gold so that same year was I ship was an aircraft carrier we sill into Hong Kong and I bought my first gold I think was a Krugerrand was about 50 bucks well today that same Krugerrands worth 1500 and the dollars worth nothing so what I always say to young people you know is you want to buy what's real money and gold and silver or God's money and what I mean by God's money is this is that gold and silver we're here when the earth was created you know the gold I believe is 70 atomic number 79 silver is 47 gold and silver will be here with the cockroach's it did you know and gold and silver will be here long after the dollar and the Canadian dollar and the loonies gone and all this so I I've just been buying gold and silver every chance I got since I was your age and now I have now it's a big problem called storage and I don't keep anything in banks you know I mean I've had to fly my gold and silver too when I say safe countries that and not because I don't not because of the country is America so litigious that if I get sued then and if I lose my lawsuit the SOB that wins a lawsuit let's go look for my money in some other country which is expensive so I've hid my gold and silver outside the US in very safe places with long trails but that's because it'll still be here when the cockroaches are did you know so and the more they print money which they probably will the more valuable gold and silver goods yes it's not that gold and silver goes up in price just a value in my country of the dollar going up and down so if the dollar goes up price of gold comes down dollar comes down gold goes up so that's why I say gold and silver are real money that's I've been telling everybody for years you know likely if you have no money start with silver you know 20 bucks for a silver coin you know Canadian silver silver leaf why we call him yeah but I would save that I wouldn't save the Loney and I wouldn't say it's a dollar and I wouldn't say that ya know that yuan so to me that makes more sense what good is keeping a whole bunch of paper under your mattress when all you can use it for is you know fire fodder and wall paper as they've seen in the past and you know it's not such a bad problem to have to not know where to store all your goal that's that's a good problem to have but all the same it is a very real problem John do you got a question in regards to that well uh just looking at where we are today in the world economy and where we're going you know I've been heavily studying everything that has been happening throughout typer inflation soar you call them the evaluations or whatever they doing it seems it just comes to a breaking point usually where people suddenly are at the point where they almost can't even manage to feed themselves because the inflation has gotten so high and they got a whole bunch of loans like I see this in Norway and all the socialist countries say I'm from Norway originally and I see where the high tax countries are the ones that are have the most and the heaviest private debt and people are getting hit from both sides there and we're seeing that in Canada and other places so people I think people are gonna get squeezed to a point where there's a point of no return where I see a lot of times throughout history where people just said enough is enough I can't afford any living anymore with this fake currency so people start to stand up so do you see like I know you know been talking about this forever but do you see like kind of like movements around the world like where people actually are starting to get fed up with the system and and want you know to get out of and I think that's when we're gonna see the real you know momentum picking up very fast that's a good point cuz I'm observing the mass migrations it's like the Serengeti where the wildebeests are running well I say human being is running all over the world you know like crossing into Europe the Rihan guy and bra that area of the part of the world you got good el Salvadorans moving up to America I've never seen such mass migrations and it's not always money but money is always related to the whole thing so also thing I watch as homelessness you look at Seattle and some of the biggest homeless populations it's one of the richest countries on the west coast the same as Vancouver Canada you know it is such a beautiful place but you can't afford to live there and so that's what happens when you print fake money so I watch that and I go what's gonna happen to you every by sub set which from for separating the babies and they get me there the adults at the border and all that well you're supposed to say that's the law it says that you can't throw a kid in if the parents are criminal you can't lock the kid up with them you know I mean so there's no solution I mean everything looks so bad with social media nothing's gonna get fixed and so that's why God's money gold and silver like him yeah you got to see kind of a monetary revolution to change the tides and I think it seems like something's happening soon now we've all been probably I assume all of us have been hurt significantly in the cryptocurrency markets in recent months but that's not to say that obviously the blockchain technology and when decentralized has a lot of great potential going forward obviously it's just in its infancy what do you think about the future of cryptocurrency well in my book fake I brought today there's three types there's been different types of money through different times of years like centuries like cattle was one of the original money as that's what's called collateral you know one day that and they have in kind which was tinder you know that if you if you if you storage your cattle with a blender they got the kinder in kind they got the babies that's called interest today so it's been gone for a long time so those three types of money today are in guys money gold and silver then you have government money which is fiat currency the dollar of the loonie again the yuan and then you have people's money which is crypto and it's really blockchain but I agree with you it's just an infancy right now and the sky Warren Buffett and his friend Charlie Munger they call the cryptocurrency rat droppings well those are the same guys I'm in the smart guys but they also didn't invest in Amazon our Apple either and now they're backing there now they're loading up on Amazon and Apple so they're calling crypto rats raw things at the same time Singapore wishes are very sophisticated in a well-run island nation they have Bitcoin bonds and all this stuff by the government so III think when I look at crypto I've got to be talking to the people that know what they're talking about not a bunch of old guys like me you know I'm this waste of time but the thing i like einde of interested about crypto is that the guys your age are mining them you know and there isn't I think that's interesting is that because I have listed three companies on Toronto cement Toronto and Vancouver Stock Exchange's and I was a miner I started a silver mine a gold mine and now your generation is starting Bitcoin mine so our crypto mines you know and it's gonna alter the world forever you know in a few years yeah it's pretty incredible what crypto currencies are the potential there is unbelievable however obviously we've seen recent bubble burst and obviously you look back at the dot-com bubble and you see Amazon and you see pets calm well pets calm didn't have fundamental value there but Amazon did and they had potential and Amazon built on that potential and after a while they came back and now they're stronger than ever whether you agree with Amazon's politics or not it doesn't matter the fact of the matter is they bounce back from a bubble because they had fundamental value there's a lot of crypto currencies at the same time that have no fundamental value and they're ridiculous to invest and just you know they're scams but then there's a lot of great cryptocurrencies out there that are trying to innovate and this is kind of like a free market the first real currency free market we've seen and obviously we're going to see the government attempt to manipulate the markets much like they have or the banks especially with Deutsche Bank in attempting to manipulate the gold and silver value and and so on but what do you think is going to end this whole kind of system as we see Deutsche Bank laying off 10,000 employees and being downgraded by the S&P and we're seeing all these other banks their cash a deposit ratio is atrocious where do you see this ending up in the next few years well look I said it's any time they've printed you know fake money it's never ended well never not in the history of the world so you look at Venezuela which is one of the richest countries in the world you know it's corruption and it's they print they print money so that now they have the petrol coin right out of Venezuela well if you're a crook the crypto a crooks you know I mean it doesn't you just have to look at the source of all this stuff I think that's the most exciting time but I will say this to most people because I'm an old guy having started two mines myself one silver one gold one in Argentina one in Japan China it's a lot cheaper to buy gold and silver you know I didn't have to I didn't have to raise 27 million dollars and then have the Chinese government steal my mind you know I mean it's like I could've just bought gold on silver with 27 million dollars probably worth 50 million today you know so I like to keep things simple and nothing too much that's why I like God's money gold seventy-nine silver atomic number 47 it'll be here when the cockroaches are did that's all I think about okay absolutely and just finishing it off of course yeah no paper no paper gold and silver you know a very good point to make as we wrap it up and of course gold and silver are wealth insurance so if people are looking at it as a quick investment to make money fast that's stupid and you shouldn't do that you should actually look into why gold and silver have been valuable for so long I I don't ever sell gold and silver I just every year every month I acquire more and it got to be a big problem because I had to ship it to other countries because I didn't want somebody coming stealing from me and I thought about banks but I never sell and that drives people crazy and I go well how do you not sell if you buy the stuff I says well I use fiat currency to make money and I use debt I borrow to buy assets and they go how do you do that that's an education you gotta practice you know I play Monopoly every single day but I use fake money to play Monopoly and with monopoly buy a real money which is gold and silver I don't forget cash flow and obviously as we end this off we are at the red pill Expo in Spokane Washington at the moment and I just wanted you to finish it off mr. Kiyosaki by talking about what brought to you to the red pill Expo and your work with mr. G Edward Griffin that's good question I'm here because of Jim red Griffin I call him Sir and I promoted him I've knighted him but he looks like a knight doesn't he very is a very elegant man and it was his book the creature from Jekyll Island which was one of the pieces of the puzzle that kind of has a hot in the world are these guys manipulating the entire global monetary system and his book the creature from Jekyll Island was about the Federal Reserve Bank founded in 1913 the same year the taxation Department was founded ironically and so when I read Edward Griffin's books I'm here for at Griffin but I find it interesting being here because there's a lot of people are not happy I mean this room is packed with people I miss it's expensive you know at 500 bucks to get in its time five days you go sit there listen to boring people off something to say but a lot of people are disturbed either angry afraid pissed off what do you want to call it they're just sitting out there I'm going just buy gold and silver and don't worry about a very optimistic guy I appreciate you talking with us today and we hope to talk with you again thank you very much like what do you see here well don't forget to check the links below GoFundMe patreon we can't do it without you any donation is very much appreciated especially as we are so overwhelmingly demonetized and censored by YouTube as the ADL comes in and plagues all of our content as hate speech also check our Bitcoin address in the description as well as on the screen for you to scan if you please and also find us at steam accom and at josh Sigurdsson the future of social media where you get paid in the upload of your post in steam the cryptocurrency but until next time this is Josh Searson signing up with the world alternative media find the truth be the change [Music] [Music] [Music] [Music] [Music] [Music]

Channel: World Alternative Media

Views: 897,924

Rating: 4.7290587 out of 5

Keywords: Robert Kiyosaki, real estate, bubble, burst, crash, collapse, dollar, fiat, central bank, federal reserve, ron paul, g edward griffin, economy, economics, markets, nwo, new world order, globalism, finance, investment, gold, silver, cryptocurrency, bitcoin, blockchain, josh sigurdson, the alex jones channel, wearechange, press for truth, corbettreport, stefan molyneux, rob kirby, fox news, fox business, cnn, cnbc, msnbc, financial times, max keiser, rt, sgtreport.com, x22report, jsnip4

Id: 781p-M7gW8E

Length: 25min 51sec (1551 seconds)

Published: Mon Jun 25 2018

Reddit Comments

[u/WonderBud]

Just finished the video. Super interesting insight from the older guy.

Gold and silver are God's money. They were here before we were and they'll be here when the cockroaches are dead.

Crypto is the people's money...it's going to change the history of the world.

Totally worth a listen.

[u/btceacc]

"What do you think, Robert?"

"It's not going to end well."

Not much else said during those 25 minutes. You're welcome.

[u/IamRavenMan]

BTW - The Bubble is referring to our economy and not Crypto!

[u/MattOmatic50]

Summary:

"Printing money ends up bad"

"Buy gods money (silver / gold), it'll be here when the cockroaches rule the planet"

"I'm old, I don't know anything about crypto"

"I'm releasing books. I'm loaded. Me me me"

That will save you 20 minutes of your life...

[u/lj26ft]

I've listened to his podcast interesting insights from a dude who was literally homeless and now is worth 100's of millions. He knows the stock market and real estate inside out. Our stock market is going to look like the Nikkie in Japan 1990's. So many converging mega trends that will crater the US stock market. We're in a 50 year bubble on the verge of a multigenerational epoch. Interesting times.

[u/Elred58]

Bullish

[u/Light_of_Lucifer]

I think there will be a massive market correction. Central banks have literally printed TRILLIONS worth of fiat garbage at 0% interest rate essentially. All those dollars have found their way into the stock market and government bonds. This is unsustainable big league.

[u/ipewp666]

Gold is hard to mine and finite. It's also a mineral. It is hard to make.

[u/Gr8WallofChinatown]

He didn’t believe in crypto for a long while. Now he’s interested in it. His philosophy is about using debt to gain assets and not pay taxes.

He teaches to buy assets at the dip (bottom of a bear market). While everyone was panicking during the real estate bubble burst, he went in and swooped on stupid cheap housing prices.

Silver and crypto are at the bottom of a bear market. It’s the time to buy.

He also says to be careful of stocks and real estate because they are at the top of a bull market. It will crash soon/eventually. He preaches to look for real estate in markets that you know will be good in the future. He preaches to not buy at the top of a bull run because you run the risk of the market crashing and you losing money.

Buying real estate and assets at the bottom WITH potential only guarantees profits as the assets will rise in value