The System Is Collapsing — And Most People Don't See It

0:00Monday.com AI agents took over my work. And I absolutely love it. Chasing deadlines, writing status reports, updating stakeholders. Agents handle the daily grind now. I stay in the loop only when it matters. Create your own AI agent in minutes on Monday.com. Hi, Ryan Reynolds here for Mint Mobile. Are you looking for a beach read this summer? May I suggest your big wireless bill. It's got suspense, mystery, a slightly flat emotional arc, and a shocking twist where you realize you've been overpaying the entire time. Fortunately, though, Mint's story is better. Every plan,$15 a month, even unlimited.

0:32That's it. Happy ending. Zero tears. Give it a try at mintmobile.com slash switch. Upfront payment of$45 for three months,$90 for six months, or$180 for 12-month plan required. $15 per month equivalent. Taxes and fees extra. Initial plan term only greater than 50 gigabytes. May slow when network is busy. See terms. This is the Rich Dad Radio Show. The good news and bad news about money. Here's Robert Kiyosaki. Hello, this is Robert Kiyosaki, and I'm probably best known for the book, Rich Dad, Poor Dad. but I'm here to talk to you about my book. The book is called Fake, Fake Money, Fake Teachers, Fake Assets.

1:05And interestingly, 22 years ago, Rich Dad Poor Dad came out on my birthday, April 8th, 1997. So this is the advanced version of Rich Dad Poor Dad, but it's really the real reason I wrote Rich Dad Poor Dad. And give a little genesis of how this book came years and years ago, back in the 80s, 1983 to be specific. I'm a student for a man named Dr. Arbuck Minister Fuller, who is best known for the creation of the geodesic dome. This geodesic dome was the U.S. pavilion at the World's Fair and Expo 67 in Montreal, Canada. So in 1967, I was a 19-year-old kid, and I hitchhiked from New York City up to Montreal to see Bucky Fuller's dome, the U.S.

2:01Pavilion. It was the most amazing thing. And then I met Fuller finally in 1981, 82, and 83. And in 1983, Bucky Fuller passed away on July 1st, 1983. But he left behind this book called Grunch of Giants. and what grunge stands for is gross universal cash lies. It's how the ultra-rich rip us off of our money. And so because of Grunge of Giants, this book here, I gave up my job, I gave up my company and I wanted to find out how grunge ripped people off. So this here is the book that all my years of study have come up with fake. And I'll just give you a little summary of it and hopefully you'll read more detail inside fake here.

2:56But the way the rich, ultra-rich, the uber-rich rip us off is via our money, our teachers, and our assets. So that's what fake's about. And you well know today, most news is fake. In this book, I start with here in social media. you know misinformation on social media is more they make more money on misinformation or fake information than real information and our news channels today i mean i don't know why i even listen to that stuff because most of it's fake and by the way i'm not republican or democrat donald trump is my friend but i know he upsets a lot of people but i'm not here to defend him But the point here is this, what's really going on in the world today is the gap between the rich and everybody else is getting wider and wider.

3:49You know, the trouble with being middle class today is that you're getting poorer. You know, you say the middle class is shrinking, and they're not shrinking, they're getting actually bigger, but they're getting poorer. So that's why, you know, I wrote Rich Dad, Poor Dad, and that's why I wrote this book, Fake. because the reason the gap between the rich and everybody else is getting bigger is because of fake money, fake teachers, and fake assets. And education's more important than before. I'm not picking on the teachers. I'm picking on the system of education, which is controlled by the rich.

4:25You know, question I ask all the time, why doesn't our school teach us about money? Why not? Well, I balance a checkbook. Oh, good. I got my FICO, you know, my debt score. I mean, big deal. I mean, how stupid can you be? Look, these guys teach us nothing about money, but it's not an accident. So, not picking on the teachers, you know. 90 % of all, no, not 90%, 80 % of all teachers are good people. 20 % are just there for the paycheck and their retirement, but their retirements are in trouble now. So, anyway, the reason it's fake is all three are fake, and it's not an accident. That's what Fuller wrote about in his book, Grunch of Giants, Gross Universal Cash Heist.

5:10So fake here is about fake money, fake teachers, and fake assets. So please read the book, and you'll understand a little bit more, and I will go further into why it's fake money, fake teachers, and fake assets. So let me give you a brief overview on fake and why it's all the same thing. Fake money, fake teachers, fake assets. Look, ladies and gentlemen, money is created by the US government. And this is the same all over the world. All over the world. You know, the US has a central bank. Europe has a central bank. Japan is a central bank. Mexico has a central bank. So money is created as debt.

5:52So after 1971, money became debt because the US dollar became debt. And all of these guys say, oh, get out of debt, get out of debt. Look, sports fans, if we got out of debt, the world economy would collapse because without debt, money doesn't exist. So they'll never tell you that. They'll never tell you that. So the problem is money is debt. And to have debt work, you have to have taxes. So real financial education, which I'm covering in fake, is about debt and taxes, but they'll never teach you that in school. The other thing, our school teachers teach us nothing about money. Is that an accident?

6:37No, it's because the ultra-rich, way back in 1903, created the something, Association on Education, and they took financial education out of our schools. The purpose of education was to create employees and soldiers, people who would do as they're told. So our teachers know nothing about it today. And the thing that's frightening for most teachers is they went to, you know, their belief system was, like my poor dad, if I got a job as a teacher, I would get a steady paycheck and a pension for life. That's not true anymore. Teachers' pensions are bankrupt. Why are they bankrupt? because of these guys here and this is controlled by Wall Street the bankers there so what they tell you to do is go to school get a job they teach you nothing about money and then these guys tell you to invest in stocks bonds mutual funds ETFs and savings stocks bonds mutual funds ETFs and savings that That means your money flows to these guys here.

7:51It doesn't go to you. And what these guys do, they suck it out of the teachers unions and the firefighters unions and the police unions. Pensions are the biggest asset pool for Wall Street. So this is a system of fake. And that's what I cover in my book, Fake. We've all been set up by the ultra rich and what Fuller called grudge, gross universal cash heist. So what we did at Rich Dad, Poor Dad, we said, we teach you about debt and taxes. Got to be careful who your teachers are. In fake, I write about, you know, what made the three wise men wise. What made the three wise men wise? I'm not Christian, by the way.

8:34I'm not promoting Christianity. What made the three men wise was they went searching for the best teachers. So in fake, I write about the best teachers I know about this system here. and also you know i don't invest in the stock market i've taken three companies public and i actually produce stocks and those things but i wouldn't invest in them you should baby but i wouldn't so those are some of the things i cover and fake because one of the problem with these assets as we know markets go up and markets come down that's the frightening part because it's been going up and down, up and down, up and down, because they keep printing more fake money to pump this thing up.

9:19And oh, my house price went up, my stock market's up. And they're being set up for the next crash year. So let me just say it again, and I'll show you a little short demonstration. My book, Fake, is about fake money, fake teachers, fake assets. They're all the same thing. They come under Grunch, Gross Universal Cash Ice, but Buckminster Fuller. So these guys here, you notice these guys don't know anything about money and they tell you to put your money in the stock market and save money. It's ridiculous. And on top of that, you listen to fake teachers from Wall Street. They're called financial planners or stock brokers or real estate brokers or insurance brokers.

10:03The reason they're called brokers, as my rich dad said, is because they're broker than you. So you take all of this bad advice and it's all fake. So let me show you something here, and I think this will probably make it as clear as possible. In 1971 here, the U.S. dollar became fake, and it became fake because they could print as much as they want. So this is what happened after 1971. When the government couldn't solve its money problems, the U.S. government and governments throughout the world started to do this. they started printing fake money, and the economy expanded. And they kept expanding the economy.

10:52Look at it. Oh, my God. There's more money in the economy.

10:59And everything was fine. So what happened for the baby boomers, my generation, markets kept going up and up and up. So the baby boomers have only known a good time. So then something happened in the year 2000.

11:24Economists like this, it was a dot-com bust. So what did the government do? Cause it's fake money. And the teachers kept saying, invest, you know, get a job, don't worry about it, steady paychecks. and Wall Street said invest for the long term so after 2000 they kept blowing more money fake money into the economy so then what happened in 2008 as you know

12:02there was a bust and they were afraid we were going to go into a depression but instead of letting the economy collapse what did the U.S. government do what did every government across the world do these guys here Japan China Europe South America so

12:28they kept pumping more fake money known as debt into the economy so 2008 instead of fixing the problem so today the world economy is this big fat balloon the point here is the whole world is floating on debt, fake money. And they never solved the problem. These guys, these teachers will never tell us what's happening. They keep saying, oh, don't worry. Don't worry, you get a safe, secure job. And what's happening to young people today, they're leaving school with$1.6 trillion in America, $1.6 trillion in student loan debt. And most of them can't find a job that'll pay off their student loan debt.

13:21and the old guys, my generation, their retirement plans are just filled with fake assets. There are stocks, bonds, mutual funds, and savings. So here we are at an all-time high, Wall Street, these guys, these guys, they're not making any changes. So just as the baby boomers start to retire and the young kids find out they can't pay off their student loan debt is 1.6 trillion dollars what did trump do he cut taxes to keep this thing blowing up they reduce interest rates to keep this so you borrow more money so here we have a world economy just this big fat balloon so the question i have is that this is called bubble nomics not economics bubble nomics now do you have to have a phd to know what's going to happen next.

14:22Let's say the baby boomers find out their retirements are broke. Their entitlements, they're not Medicare, Social Security won't be there for them. What about all the school teachers who found out that Wall Street just robbed their pensions of their money, and the police officers, and the firefighters? How are we going to solve the problem? In bubble economics, we're probably going to keep doing this. So, real estate prices keep going up, food keeps going up, medicine keeps going up, education keeps going up, but they don't fix the problem because the problem starts here with education.

15:04So, question is, what's going to happen? That's what's going to happen. So that's why I wrote Fake. I ask you to read fake to understand there's things you can do to not be a victim of the biggest crash that's coming let me say this I hope it doesn't come but it goes back to 1971 you just can't keep printing money to save the economy you can't keep having an education system that doesn't teach you about money and you can't keep having Wall Street bankers telling the world to give them more and more money through their 401ks, their RRSPs, their superannuations, their IRAs, Roth IRAs. You can't have a country, a world so stupid about money.

16:00Because if we keep solving our problems by filling it more and more with fake money, we're going to bust. It has happened throughout history. The Chinese did it. Italians, the Romans did it now America's doing it so this is where we are in the world and never has the world been in such a precarious position due to fake money, fake teachers, and fake assets so I wrote fake, not because I need more money, but I like to encourage you to think differently, to learn different strategies you'll find out in fake how I'm preparing for the biggest bubble to bust I've ever seen And the good thing about bubbles busting is when they come down, the rich get richer.

16:46And what happens is many of the people, the poor middle class get poorer. So that's why I wrote fake. So think about that for a moment. Monday AI agents took over my work. And I absolutely love it. Chasing deadlines, writing status reports, updating stakeholders. Agents handle the daily grind now. They live inside Monday.com. So they see the full picture. My work, my team, the whole company. And I don't have to worry about the data. It's safe, which means I'm free to focus on the big stuff, knowing everything runs smoothly in the background. It's completely shifted the way we work. Create your own AI agent in minutes on Monday.com.

17:29So welcome back. If you've watched this far, because you're such loyal, devoted fans to Rich Dad and education and fake, fake money, fake teachers, and fake assets, let me take you to a little higher level of what I call Bubblenomics. Not economics that they teach in school, which is lies. But I'm gonna teach you what real Bubblenomics looks like. But more importantly, why the rich are getting richer and why fake money, fake teachers, and fake assets I'm making the poor and middle class poorer. So this here is real economics. I call it double-nomics. I like it because it makes me richer. But this is very simply it.

18:20The way money is created after 1971, okay? Very important date. And fake starts in 1972 when I'm flying in Vietnam and my rich dad sends me a letter saying, hey, Nixon took the dollar off the gold standard. We had no idea what that meant. I didn't even know what gold looked like because, and this is in 1972 now, owning gold was illegal for Americans. Imagine that. It was illegal. So in 1971, Nixon took the dollar off the gold standard, and I had to find out then if gold is no longer money, what is money? so the way money is created is here you have t stands for treasury so the u.s treasury sells a bond to the fed or the central bank and this is true all over the world so when they sell a u.s bond to the fed the fed writes a check and this where fake money is printed it say bond fake money and then they give it to

19:40banks so money is printed this way it goes into our banking system sounds good doesn't it so this all thing works here but this is where this is why the rich are getting richer and the poor and middle class get poor, what do the banks do? This is like Goldman Sachs, Wells Fargo, Bank of America, PNB, Paribas, the Bank of England, and stuff like that one, not the Bank of England, but the big banks. They give this money now, it now becomes money, and they give it to the rich. That's why the poor and middle class get taken out. So why don't they give it to the poor and middle class? because what happened in 1971, the dollar or all money throughout the world, the yen, the euro, peso, became debt.

20:34So the reason the rich get richer is the way they get the money out of the banks, guys like me, is we borrow money. And what everybody else is telling you is get out of debt. What the rich are using debt for is to buy assets. So what happened in 2008 when the whole thing collapsed and bubble burst, they dropped interest rates so low because they wanted me to go in there and borrow. So in 2008,

21:13I borrowed$300 million to buy real estate at dirt cheap prices. That's how money is created. But the poor middle class cannot participate in that because they lost their jobs, they lost their homes and all this. And the banks would never give you that much money because you don't have no financial education, you have no track record, you have no finances. So they give you a credit card, give you bonuses like free miles, use credit cards. But this is why the riches get richer. So let me review it one more time. the Treasury then issues a bond is called a US Treasury bill 10-year whatever is they sell it to the feds feds write a check money goes into the bank and the way it becomes money is they give it to the rich in the form of debt and all these wizards out there say oh get out of debt but invest in the stock market which makes these guys richer too getting screwed because our school teachers are not doing their job.

22:18So that's kind of what's going on in the world today. So the rich get richer. The young people are deeply in debt with student loan debt, $1.6 trillion in debt. And my generation, their retirements will be toasted when the bubble bursts. Already many state pensions are broke. like phoenix the city of phoenix pension plan is underwater nine billion dollars that means they're going to have to tax the poor and middle class to pay for wall street stealing the money from the pension plans which brings up the next thing the only way debt can they can recoup their money

23:06is via taxes. So when they pull the taxes out, it then goes back to the treasury. That's the system. And what I explain is guys like myself, we use debt, but we don't pay taxes legally. So that's why I wrote fake. If you can understand that, just read the book and see if you can understand it a little bit better. But more importantly is what can you do? If you can't borrow this much money, what else can you do? And I cover that in fake. In fake, I cover a thing called the infinite return, where if you have the right financial education, you don't need money to make money. So those are some of the things you will learn in fake.

23:55I trust you will learn it because if you don't, you'll probably go back to school, excuse me, and learn from a teacher who knows nothing about money so let me clarify something about this here this is called bubble nomics but in technical term in academic world this is called neo neo-keynesian economics it's basically an economy built on printing money to solve government's problems john maynard keynes who this is named that would spin in his grave he says this is not what i designed it for but all of these guys who run the government they call well john maynard keynes would do this but that's why it's called neo keynesian it is a system designed to make the rich richer and the poor middle class poor which will never be taught in schools so let's take it one more step you know i was fake starts in 1972 when i was flying into vietnam i was fighting for capitalism i was fighting for democracy and you know today we have many many people going to socialism or communism we have many socialists and communists as school teachers who are teaching our kids that the government should take care of you so let me explain to you what socialism looks like and i'm a capitalist but let me make sure the next thing what the socialists are proposing is not neocaynesian what the socialists are are proposing is this here you have the u.s treasury i mean you have the you have the treasury you have the central bank and then you have the banks okay this is the old system what the neo-kane's in or the what the socialists are proposing is this take these guys out here what that will do is cut off money to the rich so what they're proposing the socialists and communists in america today the money goes this way boom straight to the people this is called modern money theory print the money give it straight to the people and this has been tried many times throughout history and every every time this has been tried, it goes to hyperinflation, and economies collapse.

26:51So your money becomes worthless because the system is broken here. Neither system is very good, but this is what the Democrats are proposing. This is what the Republicans are proposing. The question I have for you is, I encourage you to read the book Fake and decide which is best for you. Because if we go this way, probably go to hyperinflation, and we go this way, we're going into a depression. So that's how, I hope I'm wrong. I really do hope I'm wrong. But I'm prepared for either way. And that's what I cover in fake. You don't have to be a victim of this stuff. You can do something, but you have to do something.

27:32To hope that Donald Trump will save you, or the Democrats will save you or your prime minister or your president will save you it's really silly i suggest this rate the book fake and save yourself so what they're what these guys in america what they're saying is we want free education we want free medical uh free manicures free pedicures free retirements, and another thing called UBI, universal basic income. So there's a lot of these socialists in America give everybody$10 ,000 a month or something. And they're also saying tax the rich. That'll never happen, Joe. Rich aren't that stupid because the rich don't work for money as you've read Rich Dad Poor Dad.

28:23So this is what's kind of going on in the world. It's why I wrote Rich Dad, Poor Dad. Why I wrote Fake. They think the way to solve the people is to tax the rich and give the money to the poor. But this is really what's going to go on. So please, if you have a chance, if you're so inclined, please read Fake and make different decisions. If you're hoping the government is going to take care of you or protect you, I'll pray for you tonight. I really believe you should learn to take care of yourself. So this has been tried before. You know, right after World War I, the government of Germany, the Weimar Republic, went straight to this.

29:01They just started printing money. It's called the printing press. And the value of what then was called the Reichmark went to zero. Hyperinflation went through the roof. This has been tried throughout history. It doesn't work. This has been tried. It doesn't work either in the long run. So, this is the Weimar Republic back around 1920. The interesting thing that happened when Germany tried this, a man came to power, his name was Adolf Hitler in 1933. In America, the man who came to power was Franklin Delano Roosevelt, 1933. And we entered a Great Depression at this time also. So I'm afraid history is not going to repeat, but it will rhyme.

29:52Because the system is the system that's in place today. The question is, what are you going to do about it? I choose not to participate in the system. History does repeat. Again, 1933 was Adolf Hitler. 1933 was Franklin Delano Roosevelt, who brought up Social Security. Neither one was a good answer to it. This Monday.com ad was created by a team of people and AI agents. The agents wrote the copy and managed the timelines, while our human creative director made sure it all made sense. Easy. Create your own AI agent today on Monday.com.

30:33So since you've been such a great audience, I'll give you another lesson in the Robert Kiyosaki Rich Dad bubble economics here. You know, because when I talk to people about financial education, they go, oh, I don't have to worry. You know, I learned to balance my checkbook and I learned about FICO scores and, you know, I have economics in school. It's a load of crap. You know, that's not financial education. That's financial misinformation. It's fake information because it's not real. It's fake. They're lying to you. So I'm gonna give you another little lesson in bubble-nomics or bubble economics, but more importantly, how it affects the old guys like me, the baby boomers and your young guys here who are in college hoping that college education is gonna save you by taking economics and balancing a checkbook and FICO scores and investing in the stock market.

31:33That's 100 % manipulation. it's a hundred percent lie so let me give you some real examples of bubble economics here so this is repeating the way money is created one more time this is the treasury here the treasury sells a bond to the fed now this is all over the world bank of japan european central bank it's the same process throughout the world and the money goes to the banks the big banks This is real economics. They just print money, and the money is printed here. It goes to the banks, and the money goes to the rich, like me. I borrowed$300 million after the crash of 2008 because I know how to use debt.

32:28And what you're taught in school is get out of debt. I mean, that's really stupid because money became debt in 1971. That's real economics. Okay. So that's what's going on in the world. And the way these guys get their money back is via taxes. So who pays the taxes? Well, the poor middle class, of course. As you know, the rich don't pay taxes. You know, all this crying and screaming, oh, well, tax the rich, tax the rich. Sports fans, the rich don't pay taxes. I just hate to tell you that right now. And I'll give you the reason why if you really want to know. The reason the rich don't pay taxes, and I cover this in most of my Rich Dad books, there's three types of income in the world today.