How to Survive and Thrive in the Greatest Wealth Reset

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0:31This is the Rich Dad Radio Show. The good news and bad news about money. Here's Robert Kiyosaki. Hello, I'm Robert Kiyosaki. And this is a little podcast on why millions of people are being wiped out. I mean, are being wiped out. Not going to be wiped out. Are being wiped out. And it's in five simple lessons, very important lessons. So before I begin, for those who may not know me, I'm probably best known for this book here, Rich Dad, Poor Dad. This came out in 1997. I also did this book here to prove I know what I'm talking about. This is called Rich Dad's Prophecy. It came out in 2013 after the 2008 crash, or the great financial crisis, as they call it.

1:20So a lot of people are now calling for the crisis, but almost, this is 2022, in 2013, I was saying it was coming. So this title says here, why the biggest stock market crash is still coming. I have to change that now. It's here now. And people were warned, but a lot of people did not pay attention. and one of the reasons I know much about economics is because I went to a military school in New York and my economics teacher was a West Point graduate, U.S. Military Academy, and instead of studying traditional economics, he had us read this book here, The Communist Manifesto, written by Karl Marx in 1848, and we were warned a long time ago what the commies were up to, And they're here today.

2:12And what Marx predicted was that for communism to take over America, it had to come in two steps. So there was step one and step two. Step one occurred in 1930 when the Berlin School sent teachers to Columbia University, one of the most liberal kind of screwy schools in America, in New York City. so the Berlin School sent teachers in 1930 to the Columbia Teachers College and if you remember after that riots started breaking out all over the world protests and all this because our teachers started teaching communism in 1930 and then step two came in in 2020 2020 stage two came in and I'm afraid America's falling for this and that's why in 2020 I wrote this book here the capitalist manifesto is how do you fight communism or you fight it with capitalism so the way we fight capitalism is way back when in 1996 my wife Kim and I created this cash flow board game here and this board game teaches the basics of capitalism.

3:28It's not economics, it's the basics of capitalism. You know, it starts with a financial statement, income, expense, asset, liability, statements of cash flow. So the reason this game is important is because I learned most about money playing Monopoly with my rich dad when I was 10 years old. And as Maria Montessori said, one of the great one of the great educational entrepreneurs of our time, the Montessori school system, she says what the hand does, the mind remembers. So if you want to learn to be a capitalist, start with this board game again here. It came out in 1996. So with that said, I just wanted to reiterate, I'm not a new guy, just saying, you know, the crash is coming, the crash is coming.

4:18I've known it's coming for a long time, and I write about it, I can prove it. So my concern here is this, we're in that crash right now, unless you're living under a stone, the markets are crashing like crazy. Real estate's crashing, stock markets are crashing, bonds are crashing, pensions are crashing. We're in serious, serious trouble right now. So why millions are being wiped out in five lessons. Again, to say this book was written in 1848, and we've been warned. The communists came through America via our academic system. And I hate to say this because whether you're a capitalist, communist, fascist, or Marxist, they're only economic religions.

5:01That's all they are. For instance, we have Buddhism, we have Muslims, we have Christians, we have Jews. And a lot of times we hate each other, but we're all trying to chase God someplace. So I'm not saying that because you're a communist, you're a bad person. you just subscribe to a different economic religion, the same as fascism or socialism or capitalism. They're economic religions. So when I read this book in 1965, I was 18 years old. I was a military school in New York, the U.S. Merchant Marine Academy, one of the five federal academies. What I learned here was this, that most of my family are Marxists.

5:43They're not bad people. You know, they are Marxists. They're not capitalists. They're not bad people, okay? You can just hear that. But they're different people in mindset, just like a Buddhist is different than a Christian or a Jew or a Muslim. So once again, I wrote this book here. This came out in 2020. And we were warned. It says here, your children's children. This is in 1959. We were warned. Your children's children will live under communism. You Americans are so gullible. No, you won't accept communism outright, but we will keep feeding you small doses of socialism until you finally wake up and find out you already have communism.

6:31We will not have to fight you. We will so weaken your economy until you fall like overripe fruit into our hands. And again, that's why I wrote Rich Dad, Poor Dad, created the cash flow board game, because the way you fight communism is with financial education. And as you may know, what do our schools teach us about money? Nothing. Even the economics they teach is bogus economics. They don't teach you how to balance a checkbook. So our academic system is so corrupt. Today they teach wokeism, racism, sexism. You know, they want you to change your gender. I mean, this is ridiculous. That's not education.

7:19That's called indoctrination. So that's why back in 1996, my wife and I created the cashflow board game because what the hand does, the mind remembers. This is, I learned to play Monopoly. I became a capitalist. So again, going back to this, why millions of people are being wiped out in five lessons. Before going into the five lessons, I'll give you a basic lesson in economics. You know, I love when I see school teachers say, yeah, we teach economics, but you teach Keynesian economics in school, and they don't know the difference. Keynesian economics is socialism, but they don't tell you that.

7:56It's not capitalism. So anyway, intro is this. There are two different types of economics, macroeconomics and microeconomics. So before I get into the five important lessons by my experts. The difference between micro and macro is this. You can see microeconomics. Macroeconomics are invisible. So the reason the five upcoming lessons are important is most people are stuck here. These are the people being wiped out. They can't see what's happening. And the reason we have five lessons coming up, there are more macro lessons in different areas. So I'll give you what micro is. Microeconomics is you standing next to your SUV, which is laced, you're pumping gas, and you watch the gas prices going up, and you watch your food prices going up, and you're worried about your job.

8:52That's microeconomics. Everybody's stuck in that, you know. But macro is invisible, like I said. It's global, and there's different levels of macro. So that's why every time your schoolteachers tell me, oh, we teach economics, I said, which type? So they get stuck primarily in Keynesian, and that is basically socialism. So with that said, micro is you can see, macro you cannot see. So that's why the five lessons coming up are important, because after you get through the five lessons, and they're simple, you'll be able to see better. And these guys are the ones who are being wiped out. So I'm not here to give you answers.

9:36I don't tell you to go to school, get a job, work hard, save money. Why would you save money anyway? They're printing it. Invest for the long term in the stock market. I don't invest in the stock market. I'm not saying you shouldn't. I just don't invest in the stock market. I don't have to because I'm an entrepreneur. I can make my own assets. So what I invest in are things the Federal Reserve Bank and the Treasury and Wall Street cannot print. Let me say it again. I only create my own assets because I don't trust the Federal Reserve Bank. I don't trust Wall Street. And I don't trust the Treasury Department.

10:11So I only invest in things they cannot print. For example, I invest in real oil. I don't invest in stock companies. I don't have any bonds. I use debt instead. I invest in real estate and I invest in food. things they cannot print. It's that simple. But I can do it because I see macro. I don't get stuck in the micro. So today we have millions of people who are stuck in their 401k or their retirements because pensions are going broke right now. And millions of my generation, I'm a baby boomer. Millions of baby boomers had it really easy. We're the easiest generation of all. Boomers had it easy, easy, easy, easy.

10:56They're about to get wiped out. Why? Because they don't teach micro or macroeconomics in our school. So let me remind you, macro you can see. You can see your gas prices going up. You can see your food prices going up. You can see your friends losing their houses. Or you can see your friends losing their jobs or your failures, your jobs. That's micro. You can see it. Macro is invisible. You cannot see it. So those five basic lessons you'll be having coming at you will allow you to better see what most people, these guys, the small people cannot see. They cannot see it because they're blind to it.

11:33So once you go through these five lessons, you'll be able to make a decision what's best for you.

11:45So lesson number one that I recommend starts with a man named Andy Sheckman. And the reason Andy is macro is he talks about a thing called the BRICS. BRICS stands for Brazil, Russia, India, China, South Africa. And the reason Americans can't see it, because Americans are just kind of European-centered, but also that they can't see what's going on in the rest of the world. And the BRICS, Brazil, Russia, India, China, South Africa, are going to kick our butts. They're 70 % of the world's population. And the reason Andy Sheckman's video is so important, because you'll get to see what 70 % of the world's population is going to do to the U.S.

12:32dollar. So please tune in to Andy Sheckman's video on BRICS, B-R-I-C-S. Lesson number two is my friend Richard Duncan. He is macro macro. He is a classically trained economist, and he's an American. Richard lives in Thailand, interesting, around the border. So he gets to see China and the rest of Asia. But Richard Duncan's claimed, if he's been my friend for 25 years now, he puts macro into pictures. So Richard Duncan is a classically trained economist, but he has a macro view, and one of his products is MacroWatch. So in this interview with Richard Duncan, which is lesson number two, after Andy Sheckman, I want you to watch what Richard Duncan says, and if you want, subscribe to Macro Watch, because he puts macro into pictures.

13:27It's the big picture, not the micro picture of you standing in front of your SUV pumping gas, wondering if you can afford the payments on your leased vehicle. So that's number two, Richard Duncan. Again, there's five podcasts in this pod, five lessons. We've gone over two so far. Number three is very important. They're my friends, Mike Maselli and John McGregor. And the reason I have the two of them on this podcast is because if you played the cash flow board game, and again, the reason we have a cash flow board game is as Maria Montessori says of the great Montessori school system, what the hand does, the mind remembers.

14:10The trouble with academics, they lecture. It goes in one ear, it went out my other ear as fast as it could. I was so bored stiff in school listening to teachers who had no idea what they're talking about. So in any reason, the reason we created this created the cash flow good war game, my wife and I, Kim, in 1996, was that in the real world of macro, there's actually two types of investment tracks. One is the rat race. And that's what happens to you when you go to school, get a job and work hard and save money and invest in a 401k or the stock market. you get stuck here. So John McGregor is a CFP, a certified financial planner.

14:52They're almost at the level of a CPA. John McGregor will explain why this, he doesn't even, he doesn't invest here. And Mike Maselli talks about investing here. Mike is my oil guy. And let me tell you why Mike is so important because this, you have to be a rich investor. One of the reasons the rich get richer is because 95 % of the people are stuck in the rat race in a 401k, IRA, RRSP, superannuation, or pension, which are going broke right now as the market crashes. And I don't touch this thing, but most people are. I'm not saying it's bad or good. It's not working, that's all I'm going to say.

15:35And number two is the fast track. Those who have played the cash flow game, the object is to get out of this rat race and onto the fast track. And when you're on the fast track, you get the investments that the rich people like me invest in. I'm called an inside investor, I'm not an outside. People with stocks, bonds, mutual funds are outside, they're way on the outside. But in here, we're insiders on a deal. Very big difference, we're insiders. So Mike Masselli talks about this here. So when you listen to lesson number three, it's John McGregor, and he'll explain what this is about, why even he doesn't invest here.

16:14And Mike Masselli talks about how he talks to guys like me. I'm called an accredited investor, a rich investor. But to be accredited, you have to have money and education. So the reason Kim and I created the Cashflow Board Game in 1996 was to assist you getting out of the rat race onto the fast track. Very few people will make it. It's not that easy. But as Maria Montessori says, what the hand does, the mind remembers. If you keep playing this game, your mind will finally adjust to it. Just as my rich dad had me play Monopoly, you know, four greenhouses, one red hotel. Today I own 10 ,000 greenhouses and many red hotels.

16:54So again, that's what lesson number three about is John McGregor on why he doesn't invest here, but this is where 90 % of the people are. And Mike Maselli is talking about how to invest here. Very important video. That's lesson number three in a five part series plus the introduction. Once again, why millions of people are being wiped out in five lessons plus an introduction. Lesson number four is by my friend Silver Slayer. And he's an interesting character because while most young guys his age are into Bitcoin, silver slayers into silver. And in my opinion, silver is the number one investment in the world.

17:36It's the one that's gonna go the most. The reason people don't buy silver is because they're blind. They're in microeconomics, not macro. If you saw what's going on macro, you'd buy silver today. Now it doesn't mean the price of silver will always stay low, but in my opinion, silver is the best. So I'm not saying buy silver, make no recommendations, but when Silver Slayer and I get together, it's a love fest because I own silver mines, I own gold mines, and I don't buy stocks. I don't buy SLV, which is the ETF on silver, or GLD, which is the paper gold. So there's paper gold, paper silver, which to me are fake.

18:18But Silver Slayer, he talks to all the silver stackers out there. Great young guys. But this is why you should buy silver today. and silver is the biggest bargain in the market today. But before you invest, it's best you understand what's going on macro so you can know what to do micro. The hard part today is hard to get silver because everybody's catching on to it. So anyway, that's lesson number four, which is silver slayer on why precious metals play an important role in protecting yourself from the crashes coming in macro. Remember, a macro is invisible. But if you buy gold, silver, Bitcoin, the real things, you have a chance of coming out of the crash instead of being wiped out.

19:05So that's lesson number four. Silver Slayer. Very important podcast.

19:16Once again, why millions of people are being wiped out. Not going to be wiped out. They're being wiped out. And again, as I said in the introduction, it goes with economics, micro or macro. And all those teachers say, we teach economics. I said, but yes, but you teach Keynesian economics, you idiot. Why don't you teach micro versus macro? And once again, micro you can see, it's you standing in front of your SUV, pumping gas into a leased SUV, wondering why the price of gas is going up, why the price of food's going up, why real estate's crashing or going up. It has to do with micro or macro. and the macro environment is invisible.

19:56You cannot see it. So lesson number five is about pensions. And this book came out in 2020 called Who Stole My Pension? As my friend Edward Seidel and myself here, very important book because the baby boomer generation, my generation, we had it easy. If you couldn't get rich as a baby boomer, hang it up, man. Everything was running your direction. I feel for the generations that are following, your kids and grandkids, if you're a boomer, your kids and grandkids are being handed the biggest financial disaster in history, debt. We've never been with the biggest debtor nation in the world. So unfortunately, what Ted Seidel talks about in this here, on lesson number five of a five-part series plus introduction, is what's happening to our pensions.

20:49Who's stealing our pensions? It's a very interesting world right now. So Ted Sedell is very important for boomers like me because you're losing your pensions right now. You're going to lose your 401k. See, the 401k didn't come into being until 1974, the year I got back from Vietnam. Now everybody's being screwed, my generation. But we didn't know that. But when the 401k was created, it caused the stock market to keep going up and it kept dropping interest rates. Today it's all coming down. So that's why lesson number five with Ted Sedell, who stole my pension is important. So younger people say, well, why do you want to know about that?

21:27Because you're the guys who are going to be handling the debt. Because I predict the next big bailout is going to be people with 401ks, IRAs, and pensions. So regardless of if you're young or old, an old guy like me, or a young person just coming out, it's best to understand what's going on micro and macro, and why you have to be more aware. So once again, that's lesson number five, plus introduction on why millions of people are being wiped out now, not tomorrow, now. So please check in on these five basic lessons plus the introduction.

22:08This podcast is a presentation of Rich Dad Media Network.