- You have the Taliban who are coming out and just issued a formal
statement to Japan saying, look, we want you to come and help pull out all
of the natural resources that we have before China does it all. (bright music)
- Hello, Robert Kiyosaki. We have a special guest. I felt like I've known him
all my life as like a brother, and we speak the same language, the language of gold and silver. But before we wanna go
into that, I want... Lemme talk a little bit
about gold and silvers. In 1964, when I was 17 years old, I held this little quarter up and I looked at it and I said, there's something wrong with this quarter. And what was wrong with it
and what was wrong with it? It wasn't silver anymore. It was copper. And I didn't know at the time, but I was like 17 years old. You know, we learned nothing
about money at school and I didn't know I
stumbled upon Gresham's law. Gresham's law states that when
bad money enters a system, good money goes into hiding. And intuitively, I used
a caddy to make money. I would take my money
and convert my dollars. I got $1 for nine holes
and I convert the dollars either through the dimes or quarters. And I go through my pile and I pull out the real silver coins. And I had finally had a bag full of real, today it's called dirty silver. And I didn't know Gresham's law, I just felt good about having real money. So I go off to school, into school, to New York, and I come back home and my mother spent my quarter, my dimes and quarters.
(Andy chuckles) Which proves something. This is my nasty point of view today 'cause we're at nasty times. Poor people don't know the difference between real money and fake money. It's a very big problem. And our government has had fake monies since '64 again in '71 when Nixon took the dollar off the gold standard. We've been operating on fake money. So today, if you look at it like this, so here's $1, and this is a silver
nickel, buffalo nickel. Today it takes about 35 of
these to buy one of these. And the more they print these things, the more it takes to
get one of these things. This here's pure gold
coin, US eagle I believe. Now takes 2,200 of these for one of these. And if you understand, there's two kinds of
investing fundamental, which is financial statements like this. There's is fundamental investing, and then there's technical investing, which is the up and down,
the trends and all this, if we don't stop our trends,
we're bankrupt, we're final. You can't keep printing anymore. But there's another trend going on today, which involves our guest
today, Andy Schectman like a brother. Every time I need to
know about silver or gold or this toilet paper, I
call him and Andy is Jewish. And today we have, we're at war in the Israel with Hamas or else at war in the Ukraine with Russia. Germany is in serious financial trouble. And what they say about Germans
that they pick up a gun, they head to Poland.
(Robert Chuckles) That's another war gonna go on over there. Plus we have Taiwan and
China and the US dollar, they keep printing these things. So we're paying for a war with fake these. So we're in serious, serious trouble. And today it's very important. We pay attention to our
money, our gold, silver, our education. So with that, Andy, welcome to the Rich Dad Radio Show and... - Great to see you Robert. Thank you for the kind introduction. Always good to be with you. - Give us a little story
about Miles Franklin. And so I buy my gold and silver from Andy, for full disclosure. - Yeah, we've been in, this
is our 33rd year in business. We've done 9 billion in sales
without a customer complaint. And it's been a great run. It's been very interesting
over the last few years, the acceleration of events and you just enumerated several of them. But I think there is a growing awakening and what we pride
ourselves on is reputation. Because when you're buying a commodity, a homogenous commodity, you
don't buy the commodity. You buy the company or the person. And we certainly rely upon our reputation and our history, our track record and working with people like
you means the world to me, to everyone at Miles Franklin. And we're just, we're so proud to have
a relationship with you in any capacity and thank
you for it and the trust. And we do, we work very hard to uphold
trust from people like you and others that we associate
with every single day. But that's the lifeblood of our business. - Right. And would you mind
explaining the thing called, there's no counterparty arrest to gold? - Yeah. - Or silver, but there's
counterparty arrest to this. - You know, it's really, it's great that you say that Robert, because as we see things
unfolding in an environment where rising interest rates will
put so much strain upon banks, upon corporations, upon the government, upon households to be able
to service their debt. And if they can't service the
debt, then there is a default. That being the whole issue
with counterparty risk in an environment where
interest rates are low and the economy is strong, we don't worry about counterparty risk. But certainly I think
it will be a buzzword that will catch fire as we move forward. Where counterparty risk in
the banks with corporations, with the inability to service
debt in a rising interest rate environment and in a slowing economy, I think it will become a very big deal. So gold and silver are assets that are not simultaneously
someone else's liability. They hold no counterparty risk. The greatest risk you
have is theft, I suppose. But I think you have a greater
chance of being ripped off by the system right now than
you do by a would be burglar. - So the counterparty to
this is the US government, the US Treasury and the
Federal Reserve Bank. - Correct. - And because they're,
should I say irresponsible? Nice word. - Yeah. To say the least. The irresponsibility is off the charts. I mean if you just look over
just the last eight weeks, the amount of debt that has
increased just over the last, over the last eight weeks is unbelievable. And you know, you're talking about it, it took this country hundreds
and hundreds of years to accumulate at 209 years, let's say, to accumulate its first
$1.5 trillion in debt. It increased just since the
debt ceiling was raised, we increased over $1.5 trillion. It took 209 years to do that before. And then here we are again,
just over the next several, last eight weeks or so, we've seen another massive
increase in debt at $150 billion or something along those
lines that, you know, again, we're going through debt at, or increasing our debt
at such a rapid pace that it is not sustainable. And I think this is part
of the reason we're seeing such a groundswell of support to de-dollarize across the globe. They realize we are at a pace of money creation and inflation. That we just, we can't sustain it. - But the point here is coming to a head and that's the point. So people are listening, oh, okay, I've heard this before. My point of view is, like I said, in 1964, I picked this up and now
it's gotten worse and worse and worse and worse and worse
and worse since coming here. The point where this is
about to become worthless. And then what happened in '74, you know, we went onto the petrol dollar and now we're at war
in Hamas with the oil, oil rich countries and
it's getting spookier. And my concern here is
this, every time Jay Powell, our Fed chairman raises interest rates, what happens to the
stability or the counterparty of our banks, every time
they raise interest rates, this thing gets weaker. Am I correct? - Absolutely. And it's getting to a
point where as rates rise, banks are coming under further stress. And as more and more people run to take their money out of the banks, they have to sell their
10 year treasuries, which they're loaded up on. And as they sell treasuries rates continue to go higher and higher and higher. It feeds upon itself. And look, just in the last two weeks, in the last two last 18 days, the US has added $444 billion
in the last two weeks. And that would be an $11
trillion per year deficit. It took us until March of
1975 to accumulate our first $500 billion from the time
we started the country. And now in the last two weeks, we've done $444 billion in increased debt. And as rates continue to rise, not only does it put greater
strain on the system, but what really makes
that dollar worth less is the continuing humming
of the printing press. And as they continue to print more, the dollar becomes worth less. And as rates continue to rise, it becomes, puts much more strain on a
system that can't take it and it feeds upon itself. This is a doom loop that unfortunately doesn't have a good outcome
if you follow the math. - So if I could add this, going back to what counterparty
is the money in the, your money and whatever bank
you have it in, maybe at risk. - Huge. - The last thing I heard
was there's 273 banks that are the FDIC watch list. So every time the Federal Reserve Bank, which is not federal,
it's not US, you know, it's not a bank. - Yeah, I think the banks are... - Lemme finish, lemme finish. Every time they raise interest
rates with the treasury, this becomes more worth less. And what I've seen, Andy is more and more people like I started this whole program, my
mother spent my real money. Poor people don't know
real money from fake money. And that's what I'd
like to draw a point of, you and I can go into the
statistics and all this, but 99% of the people
have been brainwashed into thinking this is money,
safe as money in the bank. Do you know what I mean? And now we're at the point
where the counterparty risk, counterparts are the Federal
Reserve Bank, US Treasury, and our government itself
and our banking system is now threatened and the average person has no idea how close we are. You know that song where the edge of we, edge of disasters, something like that. Edge of destruction. That's why counterparty risk. This thing is at risk. Your family's wellbeing is at risk. If you're in a bank, one of the 275 that are
on watch by the FDIC, Federal Deposit Insurance Corporation and you're still telling
your kids to save money, you're really obsolete is
what I'm trying to say. You're like my mother who spent my silver, poor people do not know what money is. That's the problem. Take off from there, Andy. - Yeah, well I, one of the thing, one of my favorite comments
that I borrow from you and give you credit, I mean I think you got
it from Bucky Fuller. I run with it. I think it's one of the
best phrases of our time and that is people
can't get out of the way of what they don't see coming. To me this is a very, very big deal. And at the same time we
have a record $17.1 trillion in household debt, $12
trillion record in mortgages, record $11.6 trillion in auto loans, $1.6 trillion in student debt, which by the way is the US
government's largest asset and $1 trillion in credit card debt. So at a time when people
don't see what's coming, they are not in position to
be able to weather this storm that is bearing down upon us. - And so that's why I
started this whole thing with Hamas attacking Israel. You have China looking
at shop over Taiwan, you have North Korea. Very excited. (indistinct) How close are we, Andy? I mean this is not funny anymore. - No, it's not funny and
it's interesting too. Couple of things. You know, the central
banks have been buying gold at a record pace. And this week, Monday today
when the market opened up in Shanghai, the spot price was
$112 more per ounce in gold. The world is doing what
they can to de-dollarize and buy gold in the face of
wars that are breaking out all over the place
ultimately that are going to weaken the dollar hegemony. - Okay, let's give a comparison. 'Cause a lot of people, Andy, I mean I talk till I'm
blue in my face to people, they'd rather have toilet paper. They're so conditioned to it. They don't know where
to buy gold or silver from and all this. So you just said, what's the premium on goal
coming out of Shanghai and what's the premium goal
coming out of Miles Franklin? Once again, we do not this, we're not a investment show,
we're educational show. So please tell us. - Again, we're just
talking the spot price. (indistinct crosstalk)
If the gold price... If it's $1,820 an ounce
in the United States, it's $1,935 in China. That's how much more
they're willing to pay. And I believe this will
be a trend we will see continue for both gold and silver, where the big, big traders will arbitrage and all the gold and silver will flow east to the BRICKS nations. (indistinct crosstalk)
Just so happens to be... - We'll take a break. Okay? I want people to understand that, that the gold is flowing
eastward westward. - Absolutely. - And it's another that
Bucky Fuller said that civilization goes on Northwest Spiral, it's now going to China and India. India and China are
sucking up gold and silver and most Americans are like my mother. Oh I got a dollar bill. - Correct. That's exactly right. - When we come back
talking more about Andy, I'm doing my best to get people to stop saving this garbage here. We'll be right back.
(bright music) - Hi everyone, I'm Kim Kiyosaki, co-host of The Rich Dad Radio Show. Robert and I have warned that 2023 was going to be a
rollercoaster of volatility. After all, the stock market
is largely flat this year, except for a handful of tech companies and other asset classes are
struggling to meet expectations. One survey reveals that
living paycheck to paycheck is the most common lifestyle in America. Even for those making six
figure incomes combined with hundreds of thousands
of layoffs in just the last few months, it's clear a financial storm is brewing. The question to ask
yourself is, are you safe? For years, Robert and I and other investors have been putting more and more money into assets
that can still climb when the stock market flat lines, one investment that
doesn't seem to be affected by the ups and downs of
the stock market is art. In fact, one of our close
friends and advisor recommends art as his number one asset protection. Even more contemporary art
prices have outpaced the S&P500's total return over the
last 27 years by 136%. If you think art as an investment is something you wanna pursue, then there is a vehicle that allows you to do that without investing millions. Thanks to Masterworks,
our longtime sponsor, their platform lets you
invest in shares of painting by icons like Picasso and Banksy. Masterworks now has 800 million
in assets under management. But thanks to our friends at Masterworks, you can skip their wait list. Just click the link in the
description for this episode. Offerings have sold out in minutes, but Rich Dad listeners
can skip the wait list. Going to masterworks.art/richdad, that's masterworks.art/richdad see important disclosures at masterworks.com/cd. Hi everyone, I'm Kim Kiyosaki, co-host of The Rich Dad Radio Show and I wanna thank today's sponsor, our friends at Gold Alliance. You know, we should all be concerned about high inflation, a looming recession, the very troubled banking system and out of control spending in Washington. And the fact is, during every
major crisis in US history, many of those who failed to prepare, watch their savings,
investments and retirement funds plummet while others with
the foresight to own gold help preserve their wealth
and purchasing power. Now we're facing several
major crisis at once and we may soon face even
more economic turmoil. So please don't wait. Consider gold and put yourself on the road to financial peace of mind. The new free 2023 Gold
guide from our friends at Gold Alliance can show you how. Just visit
www.freegoldguide.com/robert or call 1-800-473-4585. Republican governor and
conservative commentator, Mike Huckabee says Gold Alliance is the only gold provider he recommends to his friends and family. Please visit freegoldguide.com/robert or call now at 1-800-473-4585. Thank you. - Feeling powerless over current events and your financial future. Financial freedom is your freedom. Robert Kiyosaki is the bestselling 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. (bright music) - Kiyosaki, Rich Dad radio show, good news and bad news about money. And today we may know
that Hamas attacked Israel or is the other way around, who knows anymore, but we're at war. Special guest today is a friend like I've known him for most of my life, but we just met, he's Andy Schectman, he's my expert, my go-to guy. I have go-to guys on different subjects like I don't call Andy about my plumbing. Is that correct Andy? - Good thing you don't. - But what am I know about gold, silver and world of affairs? He is a person I call and
my concern here is that so many people are stuck in old ideas. And I did a program in
two Germany three days ago and I chewed this guy out. He read my book five years ago and he's still trying
to quote Rich Dad Poor that he says, you say buy
real estate, didn't you? I said 25 years ago. And when people don't
realize in the last 25 years, they printed so much money since 2008. So they printed so much money, real estate went into a
bubble, bonds went in... - Sure. Well and first
it's important to note that the People's Bank of China purchased another 840,000 ounces of gold in August, which was increasing its holdings for the 11th straight month. And as we opened up Monday, trading gold in China jumped
to its second highest premium on record against the
international benchmark and it opened up at $112 more. That's just the spot price. - Could you explain that, Andy? A lot of people don't know what spot and premium means and all that. - So the international price of gold, every morning there is a
price that's set in London. It's called The Daily Fix Am and PM Fix. Where handful of big bankers say this is what gold should open at, which is a stupid archaic way of doing it. But that's what's happening
now until that system dies. And in China they said, no,
no, no, we'll pay $112 more. You got traders around
the globe that arbitrage, meaning they buy in one
exchange and sell on another for just a few cents
difference to make that profit. Well how about $112 more per ounce? So, okay. - Lemme lemme dumb it down. This here is an ounce of gold. You sell this for how much today? - Well I would sell that for let's say $80, $90, a hundred dollars over the western spot price of gold, which right now as we speak is at, sorry, that is at about $1,850. So call it $1950. - Okay, so I say it
takes about 2000 of these to buy one of these? - Right. - And how much are the
Chinese willing to pay for? - Well in China, if the
premium was the same, the a hundred dollars premium, their actual spot price is $1965, a hundred fifteen over our
$1850, then you add the premium. So maybe they're $2065,
they're over a hundred dollars an ounce more than we are in the West. And that signals how important gold is or just how much they don't believe in the western price of gold and silver. And they think it's a scam. And this is their way I think of siphoning all of the world's gold and
silver to the highest bidder. And then they'll let the price run and the western system
will just be obsolete. - So Miles Franklin, here we go again, this is silver. How much is silver
today at Miles Franklin? Again, we're in an educational program. We're not saying buy or sell. - So a typical silver coin
right now will cost you $25 an ounce, give or take depending upon what you're buying. And you know, it's vastly,
vastly undervalued. Now they haven't really
messed with the silver price in China, the way they
have the gold price, at least I'm not seeing reports of it. Nonetheless, it is being siphoned off of
all of the world's exchanges at a rapid pace that the
big industrialized bars are disappearing really, really rapidly. Which is we have a big, big money taking possession
off of the world's exchanges. - So let me steal some
silver from you today before India buys the rest of it. - Right? I bought 304 million ounces last year. That's more than is on the entire COMEX exchange system, globally. It's a lot of silver. They bought more than
the entire western system has backing the price discovery. - How much will you sell
me this silver coin for? - Right now? That's a buffalo round. Probably about $23.50 or so. - Yeah. And I'm old enough to remember when I was paying $50 for this. - Yeah. - Do you know what I mean? So do you understand when, for the last 25 years
I've been saying to people buy silver, buy silver, buy silver because silver is used in every electronic vehicle,
every solar plant panel. This is disappearing and
this disappears in vaults. So would you mind explaining, Andy the usage differences
between gold and silver? I always say silver is
industrial as well as monetary. This is pure monetary. - Yeah. What makes silver so unique is it has several different uses for it. Like you mentioned in terms of its, well let's start with monetary. It's been money for 5,000 years and it's really experienced
a monetary renaissance over the last three years or so. As people have awoken to
the value found in silver, an asset that is depleting in nature yet is priced half of its 1980 peak. Okay, I agree with that. Then we have green and digital aspirations where you need silver for solar panels, you need silver for electric vehicles and battery operated vehicles. You need silver for just about anything that conducts electricity, just about anything that is electronic. But one area that a lot
of people kind of gloss by and maybe is the greatest
demand for silver is military. There's nearly 500 ounces of silver in every tomahawk cruise missile. And watch the awful news that you see here with what's going on in Israel. And you see hundreds and hundreds
and hundreds and hundreds and hundreds of these
missiles going up in the air. Any of these sophisticated
missiles with guidance systems have copious amounts of silver in them. And so what's different about
silver and gold, specifically is not only is silver used in industrial and military applications,
but when it's done, usually it's to the point
where either it's used in such small quantities that
doesn't make sense to recycle. Or in the case of military
applications it blows up. So all of the silver used in industry, the majority of it is not
recycled, it's gone forever. So it's getting more and
more and more scarce. And we can see that in
the geological numbers that really show silver
is decreasing in nature at a rapid, rapid pace. So much so that the US government came out just a few weeks ago and said
that they believed by 2030 that all of the known mineable
supplies will be exhausted. Now they haven't to be fair, done much in exploration
over the last several years 'cause it's so cheap, silver, so cheap. It's not affordable to go and explore. But it's also important to note that silver is found in nature. Like your skin is epidermis. Silver is found in nature in a form called epithermal very near the surface. So the big deposits have
been found a long time ago. It might be the best investment, most undervalued asset on
the planet or the investment of a generation as it
continues to be depleted. And more and more uses
continue to pop up every day. - So lemme give some
more just as vocabulary, financial literacy is vocabulary. So this one is counterparty risk, which has more risk, the dollar or gold? - Yeah, well the dollar, the value of a dollar is the ability of the Federal reserve to
make good on its value. Gold has no counterparty risk. So absolutely gold and
silver would be the one that has less risk and
no counterparty risk than a dollar that is
losing value globally. - And one more thing
is called country risk. - Absolutely. - Country risk means that
most of the gold and silver has been found in countries
that are nice to us, you know, and where they haven't
explored yet are places like they're shooting at each other. 'Cause I used to be in mining. I took a gold mine public, two my goldmines public
and a silver mine public. And that's nice. - Well it's very interesting
that you said that and I'm glad that you said that because we just see now a... You have the Taliban who are coming out and just issued a formal
statement to Japan saying, look, we want you to come and help pull out all of the natural resources that we have
before China does it all. They just were interviewed in Japan and you have the Taliban after we spent all those years there, all that money, all those deaths and the way we left Afghanistan, you and I have talked about
in a humiliating fashion, set the stage for where we are right now. But now we leave, Taliban
takes control again and they're trying to tell
the rest of the world, Hey, you know, China and Japan, hey we have tons of natural resources. Come and exploit them. Come and pull 'em out
of the ground for us. We'll work out a deal. This is exactly what
we, what you're saying. And there are a lot of
places around the globe, like all the rare earth metals, the majority of 'em are found in Indonesia and in China. So a lot of this stuff we
haven't thought out very well. And this is, as Zoltan
Pozsar calls it a new system. He calls it Bretton Woods
III that will be dominated by commodities, real things, not debt instruments. And IOUs like that dollar in your hand is. - So the point here is this
is called country risk. - Yes. - And the country risk goes up
the more the world hates us. Like being a... I went to military school, they said whoever controls
Afghanistan controls the world. Well that was a long, long
biblical prediction on that one. And now the Taliban control it. Now they're attacking...
Hamas is attacking, we have the bricks and people still wanna
hang on to this garbage. - Let me please expand
on that for one moment. You know, people don't understand
why the world hates us. I'll paint a quick picture, real quick. So we invaded Iraq in 2003 and they would think it was illegal. We have 90... Last year alone. Last year Iran, excuse me, Iraq, their oil proceeds, from
selling oil came to $90 billion. And all of that money is
held in a reserve account at the Federal Reserve. They can't even access
the money that they make for accessing their natural resources. So they asked the Federal
Reserve just a few weeks ago for an extra $1 billion in cash from their oil sale proceeds. - And it's their money.
- They turned them down. Treasury said, no.
- It's their money. - Yep, can't do it. So Iraq, just... - Andy, they're asking for their money? - Their own money. That's right. We just want $1 billion of the 90 that you're holding from
just last year alone. They said no. So Iraq just announced
that they will fully make trading in dollars
illegal by January 21st. January 1st, 2024. That's it. No more trading in dollars, illegal. And this is a country
we supposedly liberated, but we are holding all of
their money from their oil revenues and won't give it to
them while we're sanctioning a third of their banks for
trading with Iranian banks because they wanted to have natural gas to cool their homes in
the middle of 120 degree blistering heat. So that's why countries hate us. It's that type of coercion and bullying that is setting the stage for this expansion in the BRICKS territories. - So if you had a crystal ball, we have about two minutes left. You know, in this fundamental trading, which is a financial
state, there's technicals and you know, like I said, I was buying silver
when it was $50 an ounce and it came down. So I'm bagging it at $25. I think I died and went to heaven. You know, I just love it. See if that's coming out. But if we don't change
the direction of this war everywhere and printing money everywhere, what's gonna happen? What do you, I mean, how long can we keep this up, Andy? How long can people keep taking
this piece of garbage here that we print at will? - I don't think much longer at all. I mean, look, it just in this year alone, the bricks countries have offloaded $123 billion in US treasuries. China and Brazil and India,
the United Arab Emirates, all of our supposed allies of the past, well minus China, but we had a good relationship
with them for a long time. They're dumping the bonds and there are countries
that are working very hard to strike deals with one
another outside the dollar. And as we continue to print at
a pace that is unsustainable, while rates are going higher, we are putting such strain
on the entire system. The whole system's gonna be dragged down. And maybe that's what
they're intending to do. But maybe that's why. And it's not just the
wealthiest traders in the world, that being the central banks, it's the most sophisticated
and well-informed. Continue to buy gold at a pace
that the world has never seen over the last 18 months more
than they have ever seen. And every month it's bigger than the last. They know what's coming. And this is a very big deal. And it must be done methodically. Not too quick to cut off
your nose despite your face. But they will come a point and
I call it logarithmic decay, little by little, by
little, by little by little. Then bang all at once. It's
like going over the falls. Well we're seeing the little by little, by little, by little by little. Every interview that you and I have done, we've talked more about
the little by little by little, by little, by little. Where are we in this
locker room that decay where we hit the falls? Don't know. But we will hit that. And I think that's what you're
so good at showing people, is the little by little
by little by little. And when the all at once comes, when none of us know when it
probably on a Sunday night, if you're not prepared, not just with gold and
silver in every way. I think it's gonna be a very, let's call it a religious experience. And one that I don't think
will be very pleasant for the majority of the people
who don't see what's coming and therefore have not and
cannot get out of the way. - Last real last question
about 30 seconds. What's CBDC gonna do when
the Fed goes to the Fed coin? What happens then? - Well, I think in order
to get to the CBDC, you have to create an event. And that event could be the
loss of the petro dollar and everyone dumping dollars, which creates hyperinflation
as the dollars hit our shores and inflation goes straight
up and interest rates go straight up to compensate,
not controlled by the Fed, but by the market. And everything collapses but have no fear. Lael Brainard at Inter
Central Bank digital currency, the number two economic
advisor to the US White House, modern monetary theorists who ran point on Fed now and also worked with MIT in establishing the CBDC, I think you will create
an event where people will beg for it because
they will have watched the banking system implode. CBDCs will be the end of
privacy and will be the ability for the Federal Reserve
to create both monetary and fiscal policy right to the end user. And it's what they want and it is coming. And the Bank of
international settlement said every country must have an
operational one by 2025. It's coming. And I think that's another
thing to be prepared for. Get out of the matrix own things that have no counterparty risk
like gold and silver. - That's why I own this,
this is silver and gold. - Yeah. There'll come a time, where they'll say you got
90 days to turn this in and if you don't it's worthless. And now you get your new CBDC. When does that happen? Don't know. How does it happen? I don't know. But they will have event that
makes people want to take it. 'Cause the majority of the people that I talk to and listen to you, they don't wanna take it
unless they have no choice. And that event, the
banking system blowing up, everything blowing up
here will make you whole just sign on the dotted line. - It's like the logarithmic test. It's getting closer and closer and closer and people still wanna save this. - Right. - Just like my poor mom. - Right. - Anyway, thank you very much. I like this because this
here is untraceable. I can spend, it's been
money for 5,000 years. So it's this. I can go anywhere
in the world and spend it. That's right. - Andy, thank you.
- No one I respect more. Robert, thank you so much for having me. And I'm always a phone call away as this crazy world unfolds. - And if you have any
questions, please check out milesfranklin.com for information. Right. So this is Robert Kiyosaki,
The Rich Dad Radio Show. Once again, we make no
recommendations of what to buy. We're purely educational, but these are exciting times and these are the times
we've been waiting for. Thank you. And buy some gold. Thank you. - Be well.
(bright music) (upbeat music) This podcast is a presentation
of Rich Dad Media Network.
