All language subtitles for [English] Truth Revealed! Act Now To Survive! _ Robert Kiyosaki
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1
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you save all this money it goes poof
what can we do about it what can we do
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00:00:08,570 --> 00:00:13,980
the military education is different than
academic education we're taught to make
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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
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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
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00:00:29,039 --> 00:00:34,739
training all the aircraft we always
practice crashing because one day yes
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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
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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
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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
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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
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00:01:25,040 --> 00:01:30,800
we had Jean Chatzky who represents Wall
Street you know the mutual funds and
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401k guys she also they don't want me to
they don't want what we know out there
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00:01:38,979 --> 00:01:45,800
so that's why fake us fake money
fake teachers fake assets how can you
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00:01:45,800 --> 00:01:48,950
explain that to people and then what do
they need to know about fake assets to
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protect themselves especially from this
upcoming crash or crisis that's going to
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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
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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
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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
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00:02:43,010 --> 00:02:48,830
well-diversified portfolio stocks bonds
mutual funds and ETFs that's not it
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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
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00:02:52,730 --> 00:02:56,480
starts and it says line number one
saving money will make you rich and
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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
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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
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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
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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
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00:06:37,230 --> 00:06:40,290
off the pensions because you know
pensions are the biggest pool of money
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00:06:40,290 --> 00:06:46,890
in America and states like Kentucky New
Jersey Illinois California Hawaii are
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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
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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
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standard and we didn't know we're not in
the banking industry and he says watch
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out the world's gonna change so by the
time I got the letter was 72 my co-pilot
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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
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that's how powerful goal was I said and
the more I researched it the more I
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found out so my Copen I the where the
book stars fakes threats we fly behind
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enemy lines to go look for gold we went
to look for gold and we're standing in
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00:07:49,320 --> 00:07:53,670
front of those little Vietnamese woman
who's the the broker for the gold
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company as she's selling those little
tubes nuggets of gold and then you know
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gold was 35 announced it was now pushing
50 announced
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00:08:01,970 --> 00:08:05,990
so I figured while she's behind enemy
alliance we're behind enemy lines I can
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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
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00:08:27,560 --> 00:08:32,360
think she went to Harvard June I mean
she knew that this was worthless the
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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
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00:08:37,549 --> 00:08:41,239
even she knew with very little education
behind enemy lines that the gold was a
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00:08:41,240 --> 00:08:45,470
real asset it's called spot right spot
price yeah as they know all over the
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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
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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
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00:09:18,830 --> 00:09:24,200
eighties right 87 crash big crash did
anything happen no nothing happened they
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00:09:24,200 --> 00:09:26,410
just
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00:09:26,880 --> 00:09:34,090
so 87 that went like this and there was
the LTCM plus the Southeast Asian crash
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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
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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
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00:09:47,890 --> 00:09:52,840
money they want so you won't crash to
the banks and Treasury and the central
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00:09:52,840 --> 00:09:55,990
bank the Fed and Bank of England
they're like keeping this thing else
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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
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okay so 2008 that's when everybody was
into derivatives and you know pumping
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his baby up and it did nearly come down
yes um Lehman came down and Bear Stearns
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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
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the stock market this one area of the
economy all-time highs floating on fake
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money real estate I mean I don't know
how people can afford to live you know
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in New York I was looking at a condo for
55 million in real estate in Silicon
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Valley you you can't afford to live
there
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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
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00:11:26,410 --> 00:11:30,769
pensions are broke students the students
are broke
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00:11:30,769 --> 00:11:37,669
yeah we're screwing everybody with debt
this is called economics this is called
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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
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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
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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
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fix anything
you know derivatives went from 700
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00:12:08,569 --> 00:12:18,139
trillion to 1.2 trillion today twice as
much so when the recession hit the PhD
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00:12:18,139 --> 00:12:23,509
standard came in that was brenneke you
know and then Yellin the PhD said they
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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
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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
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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
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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
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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
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almost gone I think the two hundred
twenty percent that did GDP China is in
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00:13:42,500 --> 00:13:46,070
horrible shape
you look at my standing in Spain Italy
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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
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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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