All language subtitles for [English] Truth Revealed! Act Now To Survive! _ Robert Kiyosaki #RichAdvice

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These are the user uploaded subtitles that are being translated: 1 00:00:00,000 --> 00:00:08,570 you save all this money it goes poof what can we do about it what can we do 2 00:00:08,570 --> 00:00:13,980 the military education is different than academic education we're taught to make 3 00:00:13,980 --> 00:00:19,619 mistakes you know so every day I'd fly and we had to kill the engine on our 4 00:00:19,619 --> 00:00:24,000 aircraft and crash it's called autorotation I used to fly our 22s and 5 00:00:24,000 --> 00:00:29,039 it's the scariest thing you've ever done but every aircraft we do we almost cross 6 00:00:29,039 --> 00:00:34,739 training all the aircraft we always practice crashing because one day yes 7 00:00:34,739 --> 00:00:39,270 you know you will crash and you did crash and I did crash three times but if 8 00:00:39,270 --> 00:00:44,760 I didn't practice that I'd be dead so what happens to the average person in a 9 00:00:44,760 --> 00:00:49,140 financial crash they don't know what to do and right now as you know for the 10 00:00:49,140 --> 00:00:54,239 middle class of the world we're in a crash the purchasing power of the yen 11 00:00:54,239 --> 00:00:58,649 the euro the rupiah all going down and people are working harder and harder and 12 00:00:58,649 --> 00:01:03,329 harder and the central banks of the world of printing more money interest 13 00:01:03,329 --> 00:01:07,890 rates you know Trump has told the Fed don't you raise those interest rates 14 00:01:07,890 --> 00:01:13,320 well that screws all the savers right I was on CNN calling the crash of 2008 and 15 00:01:13,320 --> 00:01:17,580 said lemons going down you can check it out I said to Wolf Blitzer laymen's 16 00:01:17,580 --> 00:01:21,530 going down and he goes off and he got all he got 17 00:01:21,530 --> 00:01:25,040 kind of flustered because they're not allowed to say stuff like that right and 18 00:01:25,040 --> 00:01:30,800 we had Jean Chatzky who represents Wall Street you know the mutual funds and 19 00:01:30,800 --> 00:01:38,979 401k guys she also they don't want me to they don't want what we know out there 20 00:01:38,979 --> 00:01:45,800 so that's why fake us fake money fake teachers fake assets how can you 21 00:01:45,800 --> 00:01:48,950 explain that to people and then what do they need to know about fake assets to 22 00:01:48,950 --> 00:01:52,729 protect themselves especially from this upcoming crash or crisis that's going to 23 00:01:52,729 --> 00:01:59,590 happen can I give you a very simple please ok this here is a balloon so in 24 00:01:59,590 --> 00:02:05,960 1971 Nixon took the dollar off the gold standard so what did that mean that 25 00:02:05,960 --> 00:02:11,600 meant the US government the US Treasury could now print money so they had the US 26 00:02:11,600 --> 00:02:17,750 Treasury would sell a bond to the Fed over here be the Bank of England Bank of 27 00:02:17,750 --> 00:02:24,220 Japan ECB and all this the financial industry is two things death and taxes 28 00:02:24,220 --> 00:02:30,560 debt and taxes and that's where fake starts 1971 Nixon took the dollar off 29 00:02:30,560 --> 00:02:36,890 the gold standard the US dollar became debt and we still tell kids to go to 30 00:02:36,890 --> 00:02:43,010 school get a job work hard save money and get out of debt and invest in a 31 00:02:43,010 --> 00:02:48,830 well-diversified portfolio stocks bonds mutual funds and ETFs that's not it 32 00:02:48,830 --> 00:02:52,730 now who tells them to do that that's the most ridiculous thing there is the book 33 00:02:52,730 --> 00:02:56,480 starts and it says line number one saving money will make you rich and 34 00:02:56,480 --> 00:03:00,830 never will you know that because they can print it why would you save it and 35 00:03:00,830 --> 00:03:06,050 why would you work for it if they can print it and faster than you can work 36 00:03:06,050 --> 00:03:10,430 for it and and number two is they keep dropping the interest rates on it and 37 00:03:10,430 --> 00:03:16,850 today in the world America especially is as gap between the rich and everybody 38 00:03:16,850 --> 00:03:23,570 else and I know the game of the rich my rich dad taught me you know it cuz 39 00:03:23,570 --> 00:03:29,450 you're the banker the game the bankers and the Reds play it's different than 40 00:03:29,450 --> 00:03:33,920 what they teach you in school if you read Rich Dad Poor Dad rich dad's lesson 41 00:03:33,920 --> 00:03:40,250 number one the rich don't work for money don't you touch that stuff the people 42 00:03:40,250 --> 00:03:43,370 that are being screwed today are the poor middle class because they work for 43 00:03:43,370 --> 00:03:47,990 money you know the bankers they're not working for money they have money 44 00:03:47,990 --> 00:03:53,480 working for them yeah right very big difference in mentality so we have in 45 00:03:53,480 --> 00:03:58,610 America today we have you know even Ray Dalio of Bridgewater on the biggest 46 00:03:58,610 --> 00:04:01,880 hedge fund guys in America he's saying this gap between the rich and everybody 47 00:04:01,880 --> 00:04:06,920 else is too wide well you could have seen that back in nineteen seven seventy 48 00:04:06,920 --> 00:04:13,690 two because the moment you corrupt money the very thing that everybody works for 49 00:04:13,690 --> 00:04:20,630 saves cows on they were screwed anyway and our school systems fake money fake 50 00:04:20,630 --> 00:04:26,990 teachers fake as it's part of that same system government education Wall Street 51 00:04:26,990 --> 00:04:32,840 or City of London and you know in in Paris today they have the Yellow Jackets 52 00:04:32,840 --> 00:04:37,190 yeah the protostar swing on in America today our red forehead all these cool 53 00:04:37,190 --> 00:04:40,669 teachers are putting on red t-shirts because they know they're being screwed 54 00:04:40,669 --> 00:04:45,560 they're protesting at all this their pension plans have been sucked dry by 55 00:04:45,560 --> 00:04:49,350 Wall Street and what do they do they put hedge fund 56 00:04:49,350 --> 00:04:54,630 managers in to manage to pensions you got to be kidding me 57 00:04:54,630 --> 00:05:00,450 you put a hedge fund guy in to manage the biggest pot of money called the 58 00:05:00,450 --> 00:05:05,460 school teachers firefighters and police officers pensions they just sucked all 59 00:05:05,460 --> 00:05:09,930 the cash out of it and the teachers are going what happened to us but because 60 00:05:09,930 --> 00:05:15,780 they don't know anything it's red for it they're out there protesting in mass all 61 00:05:15,780 --> 00:05:19,050 of the united states but you don't hear about it they talk about the Yellow 62 00:05:19,050 --> 00:05:23,370 Jackets they don't talk about red thread so this whole thing is coming apart 63 00:05:23,370 --> 00:05:27,960 right now and it goes back to the question I have a high above us ask why 64 00:05:27,960 --> 00:05:31,910 does our school teach us about money because Wall Street won't let them 65 00:05:31,910 --> 00:05:36,180 that's simple that's it and so if someone's listening to us that's stuck 66 00:05:36,180 --> 00:05:40,230 in that poor middle class trap and they hear it's their fear that ultimately is 67 00:05:40,230 --> 00:05:44,340 keeping them from that that's a hard thing to hear Robert well every time I 68 00:05:44,340 --> 00:05:48,840 and I do a lot of speaking to the masses out there you know Lehman doesn't invite 69 00:05:48,840 --> 00:05:52,620 me up because we're gone but but you know it's so risky what you're saying is 70 00:05:52,620 --> 00:05:59,670 risky and I said what I do isn't risky for me what's risky for you and when 71 00:05:59,670 --> 00:06:03,150 somebody says what is risk yes the look in the mirror Jen I mean for me to fly 72 00:06:03,150 --> 00:06:08,670 in Vietnam that was high risk but the higher the risk the more you have to 73 00:06:08,670 --> 00:06:12,900 study you know that I know that so if you're 74 00:06:12,900 --> 00:06:15,690 not gonna study you're not gonna practice and all that 75 00:06:15,690 --> 00:06:18,450 then you should do what Wall Street tells you to do by 76 00:06:18,450 --> 00:06:24,720 you know 401ks mutual funds ETFs and all that but that that's where they're fake 77 00:06:24,720 --> 00:06:28,950 assets because he'll they make Wall Street or the City of London rich just 78 00:06:28,950 --> 00:06:33,210 watch where the cash is flowing follow the money yeah it's not making 79 00:06:33,210 --> 00:06:37,230 the poor middle class rich you know all Wall Street in America has done is rip 80 00:06:37,230 --> 00:06:40,290 off the pensions because you know pensions are the biggest pool of money 81 00:06:40,290 --> 00:06:46,890 in America and states like Kentucky New Jersey Illinois California Hawaii are 82 00:06:46,890 --> 00:06:51,030 going bankrupt because Wall Street went in and just suck all the cash are their 83 00:06:51,030 --> 00:06:56,220 pensions so the schoolteachers like my dad firefighters and police officers 84 00:06:56,220 --> 00:07:01,110 they have no retirement now and so that's why is fake money fake teachers 85 00:07:01,110 --> 00:07:05,160 fake assets they're the same system you see it when 71 that's that's where fake 86 00:07:05,160 --> 00:07:09,420 starts my rich dad sent me a letter of station on the aircraft carrier off 87 00:07:09,420 --> 00:07:13,920 Vietnam and it says hey did you know that Nixon took the dollar off the gold 88 00:07:13,920 --> 00:07:19,200 standard and we didn't know we're not in the banking industry and he says watch 89 00:07:19,200 --> 00:07:25,500 out the world's gonna change so by the time I got the letter was 72 my co-pilot 90 00:07:25,500 --> 00:07:29,130 I said well what does gold and gold standard mean well we didn't know 91 00:07:29,130 --> 00:07:35,300 American was illegal for Americans to own gold in 72 imagine that Wow 92 00:07:35,300 --> 00:07:39,900 that's how powerful goal was I said and the more I researched it the more I 93 00:07:39,900 --> 00:07:45,270 found out so my Copen I the where the book stars fakes threats we fly behind 94 00:07:45,270 --> 00:07:49,320 enemy lines to go look for gold we went to look for gold and we're standing in 95 00:07:49,320 --> 00:07:53,670 front of those little Vietnamese woman who's the the broker for the gold 96 00:07:53,670 --> 00:07:58,200 company as she's selling those little tubes nuggets of gold and then you know 97 00:07:58,200 --> 00:08:01,970 gold was 35 announced it was now pushing 50 announced 98 00:08:01,970 --> 00:08:05,990 so I figured while she's behind enemy alliance we're behind enemy lines I can 99 00:08:05,990 --> 00:08:11,060 negotiate a deal because little tiny woman nor red teeth could they - beetle 100 00:08:11,060 --> 00:08:18,140 that's all day long and I go I'll give you about $40 but she goes so what you 101 00:08:18,140 --> 00:08:21,230 laughing about we're behind it I'm Alliance I got US 102 00:08:21,230 --> 00:08:27,560 Dollars and then I realized she knew more about money than I did I don't 103 00:08:27,560 --> 00:08:32,360 think she went to Harvard June I mean she knew that this was worthless the 104 00:08:32,360 --> 00:08:37,549 gold was worth more than my dollars and that's where the fake money comes to so 105 00:08:37,549 --> 00:08:41,239 even she knew with very little education behind enemy lines that the gold was a 106 00:08:41,240 --> 00:08:45,470 real asset it's called spot right spot price yeah as they know all over the 107 00:08:45,470 --> 00:08:49,070 world cuz what same price right yeah it's the same price behind enemy lines 108 00:08:49,070 --> 00:08:55,010 the same price so in 71 it was the u.s. not anybody else basically screwed the 109 00:08:55,010 --> 00:09:06,770 world economy so rather than fix the economy they just did this so things 110 00:09:06,770 --> 00:09:10,130 were fine they fixed the economy and inflation went through the roof there's 111 00:09:10,130 --> 00:09:15,760 a dollar sign on it though yes so 87 there was you know the real estate 112 00:09:15,760 --> 00:09:18,830 everything's getting expensive inflation's going creases to the 113 00:09:18,830 --> 00:09:24,200 eighties right 87 crash big crash did anything happen no nothing happened they 114 00:09:24,200 --> 00:09:26,410 just 115 00:09:26,880 --> 00:09:34,090 so 87 that went like this and there was the LTCM plus the Southeast Asian crash 116 00:09:34,090 --> 00:09:40,600 the repeal crash and all this yeah in 83 so what's the greenspan dude it was a 117 00:09:40,600 --> 00:09:47,890 Greenspan put right he says oh don't worry we'll give the bank's all the 118 00:09:47,890 --> 00:09:52,840 money they want so you won't crash to the banks and Treasury and the central 119 00:09:52,840 --> 00:09:55,990 bank the Fed and Bank of England they're like keeping this thing else 120 00:09:55,990 --> 00:10:00,040 everything's inflated now they're pushing money into system to prop it up 121 00:10:00,040 --> 00:10:06,040 every time fake money fake money this is fake break going in so then in 2000 the 122 00:10:06,040 --> 00:10:13,180 dot-com crash hits goes so Greenspan kind of panics and he says oh my god we 123 00:10:13,180 --> 00:10:16,060 better keep this thing going cuz that was a pretty bad pop you know 124 00:10:16,060 --> 00:10:24,220 okay so 2008 that's when everybody was into derivatives and you know pumping 125 00:10:24,220 --> 00:10:29,620 his baby up and it did nearly come down yes um Lehman came down and Bear Stearns 126 00:10:29,620 --> 00:10:37,740 was wiped out and it was like this so what did Bernanke and those guys do more 127 00:10:37,740 --> 00:10:43,180 so after 2008 they just kept pumping it and it's getting worse so now we have 128 00:10:43,180 --> 00:10:48,730 the stock market this one area of the economy all-time highs floating on fake 129 00:10:48,730 --> 00:10:52,750 money real estate I mean I don't know how people can afford to live you know 130 00:10:52,750 --> 00:10:59,050 in New York I was looking at a condo for 55 million in real estate in Silicon 131 00:10:59,050 --> 00:11:01,699 Valley you you can't afford to live there 132 00:11:01,699 --> 00:11:06,889 and then all these companies start borrowing money so the economy's good in 133 00:11:06,889 --> 00:11:11,239 you know unemployment slaw and all this they say there's no inflation but have 134 00:11:11,239 --> 00:11:16,549 you seen the price of food real estate and student loans and medical it's a 135 00:11:16,549 --> 00:11:22,249 bubble you know so now what's going to happen is the baby boomers my generation 136 00:11:22,249 --> 00:11:26,410 are gonna start to retire there's no money their Social Security's broke 137 00:11:26,410 --> 00:11:30,769 pensions are broke students the students are broke 138 00:11:30,769 --> 00:11:37,669 yeah we're screwing everybody with debt this is called economics this is called 139 00:11:37,669 --> 00:11:41,899 bubble dynamics but they'll never teach you this in school you know this is like 140 00:11:41,899 --> 00:11:49,399 heroin the moment you take that one here they say ok I'll quit next week and the 141 00:11:49,399 --> 00:11:55,759 economy gets worse so they kick they go Trump gave us a tax cut in America this 142 00:11:55,759 --> 00:12:01,369 thing gets bigger and bigger and bigger so what happened in 2008 they stopped it 143 00:12:01,369 --> 00:12:05,239 by printing money so we they call it the Great Recession but they didn't really 144 00:12:05,239 --> 00:12:08,569 fix anything you know derivatives went from 700 145 00:12:08,569 --> 00:12:18,139 trillion to 1.2 trillion today twice as much so when the recession hit the PhD 146 00:12:18,139 --> 00:12:23,509 standard came in that was brenneke you know and then Yellin the PhD said they 147 00:12:23,509 --> 00:12:28,910 have PhDs was no different than long-term capital LTCM they had Nobel 148 00:12:28,910 --> 00:12:33,619 Prize winners people like my poor debt academics you know so anyway this is 149 00:12:33,619 --> 00:12:37,850 what's going on in the world economy today so the baby boomers are going to 150 00:12:37,850 --> 00:12:45,470 retire now student loans are bust so do you have to be an economist that's a 151 00:12:45,470 --> 00:12:51,429 what's gonna happen because they just we're fighting a 12-year war now 152 00:12:51,429 --> 00:12:57,680 entitlements are going through the roof national debt the GTPase 109 in the MER 153 00:12:57,680 --> 00:13:03,010 hundred nine percent ninety percent is too late we have to keep printing them 154 00:13:03,010 --> 00:13:08,410 so this is called bubble na mcc's and this is what's going to happen 155 00:13:09,070 --> 00:13:14,240 scary stuff has happened throughout history and what can we do about it what 156 00:13:14,240 --> 00:13:17,390 can we do as the people watching here what can they do with their money with 157 00:13:17,390 --> 00:13:21,290 their brain and what's gonna happen with his crashes I mean this is kind of blood 158 00:13:21,290 --> 00:13:24,980 on the streets type stuff I mean we've never seen anything like this Here I am 159 00:13:24,980 --> 00:13:30,800 I'm mr. and mrs. America or England or France was making a difference you saved 160 00:13:30,800 --> 00:13:36,470 all this money it goes poof so it's it's to write down the world teeters Japan is 161 00:13:36,470 --> 00:13:42,500 almost gone I think the two hundred twenty percent that did GDP China is in 162 00:13:42,500 --> 00:13:46,070 horrible shape you look at my standing in Spain Italy 163 00:13:46,070 --> 00:13:52,790 grace was quite a venezuelan brazil argentina you know the world is 164 00:13:52,790 --> 00:13:58,850 teetering right now it all goes back to 1971 when i was flying back enemy 165 00:13:58,850 --> 00:14:04,160 alliance looking for gold so I decided that I'm gonna put myself on the gold 166 00:14:04,160 --> 00:14:07,280 standard that's a record sensitive it just could put yourself on the gold 167 00:14:07,280 --> 00:14:13,790 standard so we buy a real gold not ETS that's fake gold so my wife and I had 168 00:14:13,790 --> 00:14:19,790 been buying gold since that's why on the when because there's an old saying do 169 00:14:19,790 --> 00:14:25,670 you build your house on sand or do you build a lot Rock Saudi billionaire house 170 00:14:25,670 --> 00:14:32,089 on cash or do you bomb do you build it on gold coins so we kept just saving 171 00:14:32,089 --> 00:14:36,350 gold coins we'd have much money we kept yo and as we got richer and richer and 172 00:14:36,350 --> 00:14:40,880 richer we had more and more gold coins and I foundation got stronger but think 173 00:14:40,880 --> 00:14:49,339 of us it was two hundred ninety dollars in 1999 and today is 1300 so never say I 174 00:14:49,339 --> 00:14:51,869 can't afford it ask yourself how 175 00:14:51,869 --> 00:14:56,739 the reason I have so much money is because I don't say I can't do it I just 176 00:14:56,739 --> 00:15:04,179 go how can I do it and I guess go into it to make a lot of mistakes but that's 177 00:15:04,179 --> 00:15:09,220 how I learn how can I the poorest poor people like my poor dad always said I 178 00:15:09,220 --> 00:15:12,910 can't afford it you think I'm made of money I'm a school teacher I can't do 179 00:15:12,910 --> 00:15:17,889 that and I picked that up and my rich dad never said those words so what I 180 00:15:17,889 --> 00:15:23,019 made poor people they use the words I can't a lot so the people that said I 181 00:15:23,019 --> 00:15:27,160 can't afford it I can't do this I can't get to college the richer you fall down 182 00:15:27,160 --> 00:15:31,540 I choose not to participate that and that's one thing people could change 183 00:15:31,540 --> 00:15:35,889 today trip right now is that dialog in their head stop saying the word can't 184 00:15:35,889 --> 00:15:40,600 I checked right so how can how can I especially as in I can't afford it how 185 00:15:40,600 --> 00:15:44,079 can I afford that because that opens them up to looking at it as an 186 00:15:44,079 --> 00:15:48,579 investment to a greater future right so everybody can do something you can buy 187 00:15:48,579 --> 00:15:55,059 silver for 2 bucks you can buy US dime for 2 bucks right go real as fast as you 188 00:15:55,059 --> 00:15:59,859 can don't have to do that much but that's what that's what I that's what 189 00:15:59,859 --> 00:16:03,999 Records does what I do we're going real because if the rest is fake it was a 190 00:16:03,999 --> 00:16:09,129 record says 2 right and that's I own real estate land gold and he recommends 191 00:16:09,129 --> 00:16:13,329 a museum quality artwork so you want people to understand what's fake and 192 00:16:13,329 --> 00:16:16,839 what's real try to get into the real assets because that's the way to protect 193 00:16:16,839 --> 00:16:20,439 from the next crack house schools will never to Joseph's right never and Wall 194 00:16:20,439 --> 00:16:23,919 Street won't either they make too much money they don't get money off of 195 00:16:23,919 --> 00:16:30,999 they'll make money off of gold or real estate or bitcoin 1929 crash was this 196 00:16:30,999 --> 00:16:39,809 big 2008 was that big the next one's gonna be that big that's it 21368

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