The Shocking Truth About Your Future! | Robert Kiyosaki

that don't want what we know out there I was on CNN calling the crash of 2008 and said lemons going down you can check it out and we had jean chatzky who represents Wall Street you know though the mutual funds and 401k guys she was oh first of all let's go back to what is financial education it's not get a job work hard save money and invest in a well-diversified portfolio stocks bonds mutual funds and ETFs that's not it the financial industry is two things debt and taxes debt and taxes and that's where fake starts 1971 Nixon took the dollar off the gold standard and the US dollar became debt and we still tell kids to go to school get a job work hard save money and get out of debt now who tells them to do that that's the most ridiculous thing there is why would you save it and why would you work for it if they can print it and faster than you can work for it and and number two is they keep dropping the interest rates on it and I went to fly for the US Marine Corps in Vietnam and the military education is different than academic education we're taught to make mistakes you know so every day I'd fly and we had the way to kill the engine on our aircraft and crash we always practice crashing because one day yes you know you will crash and you did crash and I did crash three times but if I didn't practice that I'd be dead so what happens to the average person in a financial crash they don't know what to do and right now as you know for the middle class of the world we're in a crash the you know the the purchasing power of the yen the Euro the rupiah all going down and people are working harder and harder and harder and the central banks of the world of printing more money interest rates you know Trump just hold the Fed don't you raise those interest rates well that screws all the savers right and everyone hears the economy's doing great in the stock market self but the middle class and the poor are having a harder time correct right and that's why that's why I write nice speak and so if someone's listening to us that's stuck in that poor middle class trap and they hear it's their fear that ultimately is keeping them from that that's a hard thing to hear Robert but you're gonna give them the information about what they can do if they can get out of that fear well every time I and I do a lot of speaking to the masses out there you know Lehman doesn't invite me up because we're gone but you go what what what you're saying is risky and I said what I do isn't risky for me that's risky for you and when somebody says what is risk yes they look in the mirror Jen I mean for me to fly in Vietnam that was high risk but the higher the risk the more you have to study so if you're not gonna study you're not gonna practice and all that then you should do what Wall Street tells you to do buy 401ks mutual funds ETFs and all that but that that's when they're fake assets because he'll they make Wall Street or the City of London rich just watch where the cash is flowing follow the money yeah it's not making the poor middle class rich you know all Wall Street in America has done is rip off the pensions because you know pensions are the biggest pool of money in America and states like Kentucky in New Jersey Illinois California Hawaii are going bankrupt because Wall Street went in and just sucked all the cash are their pensions so the schoolteachers like my dad the firefighters and police officers they have no retirement now and so that's why is fake money fake teachers fake asses they're the same system so why they take dollar off the gold standard and what does this mean what don't we know so what that meant was in 71 they could print as much money as they wanted so as the economy of United States worsened you know the deficit trade deficit and print and print and print so that's why if you read when you read fake it says the people that are being screwed today are the poor middle class because they work for money you know the banker press they're not working for money they have money working for them yeah right very big difference in mentality here so we have in America today we have you know even Ray Dalio of Bridgewater on the biggest hedge fund guys in America he's saying this gap between the rich and everybody else is too wide well you could have seen that back in 1972 because the moment you corrupt money the very thing that everybody works for saves cows on they were screwed anyway and our school systems fake money fake teachers fake as it's part of that same system government education Wall Street or City of London and you know in in Paris today they have the Yellow Jackets yeah going on in America today are red forehead all these school teachers are putting on red t-shirts because they know they're being screwed they're protesting in all this their pension plans have been sucked dry by Wall Street and what do they do they put hedge fund managers in to manage the pensions you got to be kidding me you put a hedge fund guy in to manage the biggest pot of money called the school teachers firefighters and police officers pensions they just sucked all the cash out of it and the teachers are going what happened to us but because they don't know anything it's red for it they're out there protesting in mass all over the United States but you don't hear about it they talk about the yellow jackets they don't talk about red Fred so this whole thing is coming apart right now and it goes back to the question Iowa I have always asked why doesn't our school teach us about money because Wall Street won't let him you know when I was in flight school my instructors could fly because I flew with them but in school you don't know if your instructor is for real or not that's where the fake teacher comes from when I was in my MBA program I was still in a Marine Corps back then this is the 73 now and the students were spitting on me yelling at me University of Hawaii you know I'm there I was stupid enough to go in my marine corps outfit my flight flight suit and they're yelling at me baby killer and all this I'm singing this classroom and my MBA accounting teacher doesn't know what counting you know I'm going I'm going nuts I'm not an account but I knew he wasn't an accountant also so I took him honest and I said are you an account he goes I have a master's in accountancy I said that's not the question are you and I count I master's in accountancy and I stood up and I said Marines are not the brightest guys give a are you an account same answer as a you're a fake you don't know what you're talking about and to this day when I listen to what people are teaching kids about accountancy it's bad accountancy it's confusing assets put money in your pocket liabilities take money from your pocket they count anything of value as an asset the culture car is an asset your house is an asset we're just really taking money from your pocket your retirement planning guess what it's a liability taking money from your pocket every month and whose pocket does it go to Wall Street and that's why these funds you know they sit there they go assets under management that's what they're paid on you're not you're not making any money but they're making fortunes on the fees and assets under management and most of these hedge fund guys and all that you're not making any money but they're sucking the fees out every day and most poor people confuse assets for liabilities they think their home is an asset it's an actually a liability right and again that's why yelling at the accounting teacher I said an asset is a noun like a house cash flow is a verb so to understand if it's an ass and a liability it takes a noun + verb so if the cash is flowing out of your pocket it's a liability if the cash is flowing into your pocket it's an asset so I own 7,000 rental properties also assets every month the cash flows in whereas many people have the big house on the hill and the cash is flowing out and they're going broke the other thing the poor don't understand is the number one expense for most people as taxes well the reason the rich don't work for money is number one expenses tax see there's three kinds of income earned portfolio passive so earned income is if I get a job that's earned income if I'm a doctor or a programmer that's earned income because I'm working for it if I buy let's say Apple for $10 and I sent it for 20 that's portfolio income capital gains yeah but passive income which is cash flow is never text and that's all of these guys are screaming right now in America tax to rich as a good luck because most of the guys complaining they don't know there's three kinds of income and the rich don't have jobs anyway they have assets and so the average small lot their poor guy you know sent the kid to school they don't learn this so that's why in fake as you were talking about it is a newspaper article about Jared Kushner and he explains how the Trump's and the Kushner's don't pay taxes and make millions of dollars and the reporter couldn't understand him because our schools will never teach you that three types of income the tax laws are for everybody to use if you have the right financial education and the reason I'm an advocate of financial education without that education you'll have to pay taxes you see very few people will buy what I do make a million dollars and pay zero tax McDonald's is in the real estate business so they sell hamburgers but they buy real estate they pay no taxes you know this guy Bezos but he's sixteen billion dollars how much tax did append at 16 billion zero and I came back from Vietnam in 73 my poor dad said get your MBA if my Rich Dad laughed Cisco you got you got to turn out to be an employee who else hires guys with MBAs yet I mean he was just pragmatic about it he says if you really want to be a rich take a class on real estate I said why is that he says once you understand real life real estate is based on debt and he says you won't learn how to use debt as money because that's what happened in 71 the US dollar became debt so once you learn how to use debt as money you can never say I can't afford it after the crash of 2008 the banks gave me 300 million dollars tax-free to buy real estate that the idiots had lost heythis and they were idiots because the prices were so high why would you buy it at the top of a market don't you know that's gonna crash they oh no no this is the oh that was the subprime was the derivatives market MBS and all that stuff had driven the price of real estate so high and the rest of us were just waiting and then when the whole thing came crashing down all this real estate was now available and they needed you know the Fed and those guys in the Treasury needed guys like us to go in there so Wall Street gave us hundreds of millions of dollars to mop up all that real estate these guys had lost now it's fair cuz everybody could do it when I asked the average guy why don't you use debt they can't even get a loan because their scores are so bad so that's what's going on in the world today it's fake money fake teachers fake asses the school teachers will never tell you that because they don't know it my poor dad never knew that they think the rich are crooks the wrists just played by different laws so now we have the stock market this one area of the economy all-time highs floating on fake money real estate I mean I don't know how people can afford to live in a little in New York I was looking at a condo for 55 million in real estate in Silicon Valley you you can't afford to live there and then all these companies start borrowing money so the economy's good in you know unemployment's law and all this they say there's no inflation but have you seen the price of food real estate and student loans and medical it's a bubble you know so now what's going to happen is the baby boomers my generation are gonna start to retire and there's no money there Social Security is broke pensions are broke student the students are broke you know we're screwing everybody with debt this is called economics this is called bubble dominic's but they'll never teach you this in school and why do they keep to printing money because they want to save something because it's an addiction you know this is like heroin the moment you take that one hit they say okay I'll quit next week and the economy gets worse so they could go Trump gave us a tax cut in America this thing gets bigger and bigger and bigger so what happened in 2008 they stopped it by printing money so we they call it the Great Recession but they didn't really fix anything you know derivatives went from 700 trillion to 1.2 trillion today twice as much and that is net you know that's not doesn't tell the whole story so when the recession hit the PhD standard came in that was Bernanke you know and then Yellen the PhD said they have PhDs was no different than long-term capital LTCM they had Nobel Prize winners people like my poor debt academics you know this is what's going on in the world economy today so the baby boomers are going to retire now student loans are bust so do you have to be an economist to say what's going to happen we're fighting a 12-year war now entitlements are going through the roof national debt the GDP is a hundred and nine in the Marid nine percent ninety percent is too late we have to keep printing now so this is called bubble anomic and this is what's going to happen scary stuff it's happened throughout history

Channel: Clarity Coaching - Transforming Lives

Views: 1,542,859

Rating: 4.8524008 out of 5

Keywords: the shocking truth about your future, Robert Kiyosaki, fake, you don't have much time, biggest conspiracy against citizens, fake money, financial crash 2019

Id: ftBeTIDv8Vg

Length: 14min 51sec (891 seconds)

Published: Sat Jul 06 2019

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