Why Investors will win, and Gamblers will lose the Bitcoin game - Robert Kiyosaki

[Applause] [Music] you know bitcoin is important it's going to crash i think if it goes to 27 000 a coin i'm going to back up the truck i'm going to buy more because i'm very optimistic about bitcoin and let me explain why but also why the risk is here this is macro financial education in 1960 and 1980 my generation the boomers didn't like stocks because everybody at my time of when i was a kid everybody said anybody invest in the stock market is a gambler now everybody's in the stock market so how did that happen well in 1974 that brought this thing called a 401k out i won't touch that thing i would not touch a 401k or an ira why because i don't have to you know they tell you exactly to tell you when to wear the mask and when to get a vaccine they tell you what you can invest in in a 401k in an ira i refuse to do that i refuse to do that but i don't have to do that because as an entrepreneur i create my own assets i don't need the stock market you do i'm not saying don't invest in i'm not saying don't have a 401k don't have an ira just screw you i'm not going to be tall what to do that's why i'm an entrepreneur you like being told what to do go to school get a job save money pay your taxes get out of debt and invest the stock market i don't want to do that the the 401k it's another way of controlling you and how you earn your money until the day you die more than that it's what you have to invest in they had to do it because my generation wasn't investing in it so that's why 19 between 1960 and 1980 they didn't like stocks so the 401k came out then what happened is in 1987 the stock market crashed so greenspan comes out he's a federal reserve guy remember the federal reserve is not american it's not a government agency so he came out and what greenspan put was what i call a ppt it's the plunge protection team or also called the greenspan put or also what people say don't fight the fit basically what greenspan did is every time the stocks crashed the plunge protection team would protect you so my generation the boomers are going well i don't have to worry because every time the market crashes the federal reserve bank and the treasury will bail me out so that's today we have our u.s corporations our zombie 20 of us corporations are zombie corporations it means they're broke but they're being propped up by the federal reserve back in the government that's communism so anyway stocks get protected gold is a good investment because the fed all the central banks in the world now own gold so they're not going to let gold crash they'll do something to make sure the price of gold stays stays up so i don't like stocks but i like gold silver is getting more valuable because gold all the gold never disappears it just keeps piling up but silver is being used in the green new deal in solar cells in medical things so i like silver and as you can see back here look at this here silver was two dollars it hit fifty dollars here when the hot brothers were trying to manipulate the goal market and even today it's only 27 but you can't get any you can't get any because they're manipulating it trying to force it higher i'll set one more time this is how much opportunity you have and that's gold silver and crypto it's not that big and you can make more money planting apple trees so our water like that deal i was talking about okay so here's stocks the government will will make sure it doesn't crash gold will not crash but crypto could you know why because the fed doesn't want it because the reason i like crypt all the reason i buy bitcoin and ethereum and all that stuff is i don't like the fed when i talk to most of the young guys they don't like the fed either but the problem is and this is why you've got to be smarter is that the fed wants to take this out the european central bank these ecb wants to take it out the bank of japan wants to take it out the bank of china wants to take it out so that's why you crypto guys you've got to be smarter today you don't just sit there and go does that make sense to you alexandra yeah no it's this conversation has cleared up a lot of doubts i had because it's it's it just goes to show that the fear the media can cause over something that might not even be happening right so your crypto guys you got to be smarter because what possibly it hasn't happened yet is a fed coin or a yuan coin a chinese coin china channel probably have it before the us and they will be a european coin and that'll destroy the they'll destroy they want to destroy bitcoin so you guys in bitcoin you've got to be smarter so as it's coming down like i said i'm still going to buy more but when it passes 27 000 i'm going to back up the truck just like i did when it passed uh 9 000 because that's that's what uh traders do so let me show you the the bigger thing here is this this is the future this has not happened but it might happen if there's a fed coin they're going to get rid of the commercial banks you see the only way the money can go into the marketplace right now is that fed the fed prints money they give the money to commercial banks like us bank and bank of america and wells fargo and they lend the money out but if the fed coin comes out they don't need these banks and you worked for a bank didn't you yep wells fargo and the only way somebody could get money because a credit card real estate or student loan right yep they need that credential history so if there's a fed coin wells fargo is gone i'm not saying this is going to happen this is my prediction of what might happen don't say i'm saying it's going to go out and all this stuff you know at the same time if a fed coin comes in it wipes me out because the way i get my money is i have great credit and like i said just last week ken mcroy and i borrowed 160 million dollars that's the only way money gets into the system is guys like us capitalists have to borrow money school teachers can't get a credit card they're so stupid well they get a student loan what a rip-off that is but a guy like me will go out there and use debt i said here i use debt to acquire assets and i pay no taxes but they'll never teach you that in school any comments there etcetera well bruh when you're talking about like for example the yuan digital currency right it it kind of makes you realize that really the the pure intention of that is just to gain back control so they can monitor every little action you do yes that's why there's no financial education that's why my poor dad was a marxist and he taught people that capitalists are crooks and now there's crooks everywhere you know this is even crooked ministers obama likes those guys okay so it's not the money it's the person and our school system is intentionally designed not to teach you about money because once they take these two away then they go to marxism or communism ubi's universal basic income you know and that's what they're doing today with the stimulus checks they're giving money straight to you they don't have they don't need these guys anymore you know because i had to go to cu and either get a credit card or get a go to home loan and these guys slow down the economy so if they go to a if if if they go to a fed coin these guys are gone we go to pure communism which is i think the intention that's why kamala harris is going to be the next president our mmt you know marks it as monetary theory that's my prediction i'm not saying it's going to come to you if you say well i said that it's not true and what that is called is totalitarianism it's beyond marxism they control your thoughts they control your breathing they control your injections they control your money they control how you get your money how much you make where are you spending it where can you travel they'll know everything about you it's called totalitarianism and and robert one thing i love that kind of sums like everything you're talking about when you tweeted about bitcoin you said um remember the problem is not ellen musk or bitcoin the problem are the fed and treasury yes and that's why uh one of my friends predicted that bitcoin will go to 1.2 million i don't know that i just listened to him he's a lot smarter than me you know but he says 1.2 million max kaiser says 250 000. some guys say you know a hundred thousand i watch silver i think silver go to 100 and silver goes to a hundred i make a lot of money it doesn't make any difference there's so many ways you can get rich in a capitalist society but the moment we go to this here we've lost so i don't know what the future holds but i think this is where we're going so if this happens my gold and silver are not in this country i love bitcoin because it's portable no storage problems it's important currency so that's why i'm very bullish i'm very optimistic about bitcoin because there's going to be chaos for the next 10 years and bitcoin will go up and down up and down up and down up and down if here i go up and down blockchain will go up and down and then they're going to try and put me guys like me in jail happens every time so this here is it this is our schools go to school get a job become a small entrepreneur you know start a pizza shop or something i don't do that because these guys pay 40 in taxes remember money is debt and taxes so they they work for money they pay 40 taxes they work for money they pay 60 in taxes so the small entrepreneurs the guys are just startups are going to pay the highest taxes around but the big business guys like elon musk and uh bill gates and rich dad here we only pay 20 tax and as insight we're inside investors i put my own deals together i don't touch stocks bonds mutual funds etfs i'll create my own deal with the water deal i talked about i'm doing a green new deal but i'll pay no taxes at all and that's what financial education does so this is school this is rich dad and that's why we created this here capitalist tool so you can take control of your money and your finances and your [Music] education [Music] you

Channel: The Rich Dad Channel

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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, WHy I still buy bitcoin, robert kiyosaki, bitcoin price, bitcoin price prediction, stock market, financial education, financial freedom, bitcoin crash, crypto crash, crypto news

Id: 8hpX4NozWzU

Length: 13min 5sec (785 seconds)

Published: Sat Jun 19 2021