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Understanding Gold, Silver, and Bitcoin as Investments

Understanding Gold, Silver, and Bitcoin as Investments

Released Wednesday, 8th May 2024
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Understanding Gold, Silver, and Bitcoin as Investments

Understanding Gold, Silver, and Bitcoin as Investments

Understanding Gold, Silver, and Bitcoin as Investments

Understanding Gold, Silver, and Bitcoin as Investments

Wednesday, 8th May 2024
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devices, visit dexcom.com. This is

1:03

the Rich Dad Radio show. The

1:05

good news and bad news about

1:07

money Ears Robert Keep sucking L

1:10

O L L O Barbecue Saki

1:12

The Rich That radio show again

1:14

with broadcast from downtown or Phoenix

1:16

Arizona Words you that govern our

1:18

L. And right now still Evan.

1:21

But. It'll soon be hell people say. Well, how

1:23

can you stand the. So. Us

1:25

Air Conditioning for you Americans,

1:27

car that air conditioner House

1:29

and Co. I

1:32

like it is not there but Hawaii's humid.

1:35

And. Arizona is just hot. But.

1:37

It was humid. I get tired so

1:40

that's why I'm other Doesn't bother me

1:42

too much. Today we're very important Show

1:44

it's it's about Bitcoin. Gold.

1:47

And silver. But. More

1:49

than that, those were gonna go

1:51

a macro macro as to what's

1:53

going on today. Please call Columbia

1:55

University in a all across the

1:57

world with. you know that hamas

2:01

anti-Semitic rhetoric and anti-Israeli and

2:03

all this stuff. And

2:07

as some of you know, I fought for

2:09

the United States, US

2:11

Marine, I went to Vietnam twice

2:14

to fight for our freedom. And

2:16

today I have, we're in

2:19

chaos. And so in 1965,

2:21

when I went to school, I

2:23

left Hawaii and went all the way to school in New

2:25

York, Columbia University was

2:27

right down the street and that's where

2:29

the rioting started. So then I, in

2:31

1965, my economics teacher had our class

2:33

read this book here. And I suggest

2:36

everybody should read it. Because

2:38

when I read Communist Manifesto, I

2:41

realized my family, one of

2:43

them are Marxist. Now that not

2:45

bad people, it's like somebody, some people are

2:47

Christians, some people are Buddhists, some people are

2:50

Jewish. Economics is kind of

2:52

a money or a religion, that's

2:54

all it is. So

2:57

in Marxism, they believe in taxation,

2:59

which I don't like and

3:01

all the other things they go into.

3:04

But the thing that happened at Columbia

3:06

University was stage, he talks about communism

3:09

would take over America in two stages.

3:12

And stage one occurred in 1930, when

3:16

Columbia University where all the fuffles

3:19

going on today as we speak in

3:21

2024, they invited Marxist teachers from

3:25

Germany to teach at Columbia

3:27

University's college, teachers college.

3:30

And in 1966, 67, 68, is when all those rioting blew

3:35

up in Columbia. And

3:37

it's repeating again today,

3:39

history proves we

3:41

don't learn anything. So

3:43

we're blowing up anti-Semitic, anti-Palestine,

3:45

Hamas, this, I don't, you

3:48

know, and it's

3:50

getting worse. So my special guest

3:52

today, we will get to crypto,

3:55

Bitcoin, gold, silver, but I

3:57

think we need to take a macro look at what's

3:59

going on before. before we go further. This is my

4:01

friend Andy Scheckman. Full disclosure,

4:03

I'm a client of his. I buy

4:05

from him, I trust him. I

4:07

like people who educate when they sell, because

4:11

I call him. I call for the education

4:13

more than the gold or silver. And

4:16

his company is Miles Franklin, one

4:18

of the best companies in gold and silver. But

4:21

also Andy is Jewish. And my

4:23

friend Blair Singer is Jewish. And

4:26

I don't know the difference. What is a Jew?

4:28

Is it a religion? Is it a race? Is

4:30

it this? And I never understood it. So

4:33

I thought I'd ask this, since we have

4:35

this Hamas stuff blowing up and Columbia

4:38

University back in the news, all this

4:40

rioting, I thought I'd ask Andy

4:42

to give his point of view. What

4:44

do you think is going on, Andy? I

4:48

find it to be crazy. Most

4:52

of the people that are protesting

4:57

would not be very welcomed by

4:59

Hamas, to

5:02

say the least. But coming from my

5:04

perspective, look, I mean, yeah, I

5:06

was born Jewish. I never even had a bar

5:08

mitzvah. I

5:12

started my company on a wing and a

5:14

prayer with a loan in a

5:16

one-room office the size of a closet. Nothing

5:19

was ever given to me. I never

5:21

came into this world entitled. I came

5:24

born into a religion that I know

5:26

very little about. Now I'm proud to

5:28

be Jewish, but

5:30

I can't read a lick of Hebrew

5:33

and don't understand the

5:35

religion other than the

5:38

very, very, very basic. Said, yet I would

5:40

be painted into a corner as

5:42

being part of the problem. I

5:45

never understood why a very,

5:47

very tiny, small percentage of human population,

5:49

but a speck of dust in relation

5:51

to the rest of the world. When

5:55

you look at the outsized level

5:58

of... of things

6:02

that they have contributed to the

6:04

world in art, in literature, in

6:07

medicine, in finance, all of these

6:09

things, they are so hated.

6:11

It bothers me an awful lot, but

6:14

it's a bigger deal. I mean, the lack

6:16

of unity in this country is

6:18

unbelievable. And I

6:20

think that what's happening at

6:22

Columbia and other universities is complete

6:25

and total disgrace, to

6:27

be honest with you. And one

6:30

of these deals where you feel, you'd

6:32

wonder why is there such hatred

6:37

just based on how

6:39

you came into this world? And

6:41

I don't know, it's, I think,

6:43

symbolic of a bigger problem in

6:45

this country, Robert, very much so.

6:47

My family being Japanese after Pearl

6:49

Harbor, not

6:51

in Hawaii, but my family, my

6:54

relatives who lived on the west coast

6:56

of America, California, they were

6:58

put in internment camps. So it's

7:00

the same as the Jews were. And

7:02

so my family being that they

7:04

were Americans, I'm fourth generation

7:07

Japanese American, my uncle

7:09

said, well, we're gonna fight for America

7:11

to prove that we're here to serve America.

7:15

So they formed the 442nd Infantry

7:17

Battalion. It was all Japanese. And

7:21

because they were in the concentration camps

7:23

in America, but I think

7:25

there was a, they ended, when

7:28

they got to Europe, they were liberating some

7:30

of the prisoner

7:32

of war camps for

7:34

the Jews. Well,

7:36

look at the difference there. Your

7:38

family assimilated and contributed to the

7:40

country where we have people in

7:43

Dearborn, Michigan saying, death to America

7:45

on American soil. And

7:47

yet they're focusing on Jews.

7:50

And it just

7:52

doesn't make sense to me. People,

7:54

I just are uneducated, I

7:56

guess is what you could say to that. Well, I think

7:59

it is taught by. your parents. I

8:01

suspect that. I had a friend who

8:03

was Muslim. Saleh, I

8:05

loved them to death, but man, I never

8:07

met a man who hated Jews so much.

8:09

I said, Saleh, do you know any of

8:11

them? He goes, no. So why do you hate them? I said, I

8:14

don't know, I just hate them. But I

8:16

think he was taught to him. He wouldn't admit that. It's

8:19

the same as people hate blacks. They're

8:21

taught it at home. So

8:23

that's my only easy 10-cent

8:27

psychological input to

8:29

that. So this goes into,

8:31

we're now at this Hamas,

8:34

Israel, we have Ukraine,

8:37

we have the Biden full operation. I

8:39

mean Trump is on trial

8:41

for doing what every real estate entrepreneur

8:44

does. They pad their financials. I'm gonna

8:46

give me a break. You

8:48

know, and they're gonna, so it's fascism right

8:50

now what they're doing to Trump. Do you know

8:52

what I mean? They're gonna, they're gonna use the court

8:54

system to put a good man in

8:56

jail and make sure he doesn't get elected. That's

8:59

fascism. And then Hunter

9:01

Biden, the FBI loses his

9:03

laptop. Oh my god, Andy.

9:06

You know, my Spanish friends would say,

9:08

Que Pasa, what's going on here? What

9:11

do you, what do you think? I mean, but

9:13

this, it's a reason to buy gold, silver, Bitcoin

9:16

and all this because our currency is screwed up

9:18

now. It's gonna get worse because our debt keeps

9:20

going up. Well,

9:22

and I, you know, all of that's true. I

9:24

mean, our debt is going up to the tune

9:26

of a trillion dollars every hundred days. It took

9:29

200 years to do it the first time. We

9:32

are adding debt at a level that is unsustainable.

9:34

We have nine trillion dollars in treasuries

9:36

that need to be rolled

9:39

over at higher interest rates this year alone. At a

9:41

time when the world is selling treasuries, China is down

9:44

to 700, just over 700 billion.

9:47

They were at three trillion not too long ago. Obviously

9:50

Iran and Russia and well they sold

9:53

all their treasuries. Saudi Arabia is lowering

9:55

their treasury amount. Japan is. So

9:57

as all of these countries are shedding treasuries,

10:01

who's buying them, including the Federal Reserve, the

10:03

number one holder of our debt, they're rolling

10:05

them off their balance sheets. So who's going

10:07

to finance the $10 or $11 trillion every

10:11

year for the next 10 that

10:13

we have obligations towards to roll

10:15

over at higher interest rates? Who's

10:17

going to finance this irresponsible spending

10:20

that we have? You mentioned the

10:22

Ukraine. We've given them $200 billion,

10:25

Robert, since February of 2022 with

10:27

no congressional oversight, $5

10:29

billion to build a wall to protect border

10:32

states like Arizona and Texas. Well, that's

10:35

just too much. And President

10:37

Trump should have been vilified for that, right?

10:39

And so we are

10:41

misplaced. We're borrowing money to

10:44

give to a country instead of

10:46

taking care of our own borders,

10:48

where the Senate, after voting for

10:50

this, is cheering and

10:52

waving Ukrainian

10:55

flags. And then at the same time,

10:57

you have our Treasury Secretary Janet Yellen,

10:59

two, three weeks ago in Brazil, in

11:03

Brazil, the B in bricks

11:05

saying, you know, sanctioning Russian 380

11:07

billion and Forex reserves, that's not enough.

11:10

We need to confiscate them. I believe

11:12

they vote on that tomorrow. I think

11:14

to confiscate them. They can't pull more

11:16

sanctions against Russia. Yes.

11:20

And they're going to not just sanction,

11:22

but confiscate their assets. And then you

11:25

had her just this week on Monday,

11:27

or maybe last week, the end of

11:29

the week, do an interview with CNBC

11:31

threatening China. If you aid Russia and

11:33

their military, and again, C

11:35

in bricks is China. And if you

11:38

aid them, you we have no problem

11:40

with you being friends. Thanks, Janet. That's

11:42

cool. But if you aid them in

11:44

any way towards their military efforts, we

11:46

will sanction your companies, your banks and

11:49

even Beijing. So it's okay for us to

11:51

give 200 billion to the Ukraine. But

11:53

if you do it, we're going to sanction

11:55

you. And now they're threatening to sanction Pakistan

11:57

for wanting to build.

12:00

a pipeline for oil between Pakistan

12:02

and Iran. These sanctions are what

12:04

is creating the resentment and

12:07

the view that we're very hypocritical around the world.

12:09

So let's get back to gold silver and Bitcoin

12:11

now. Would you mind telling us about Miles Franklin?

12:14

But one of the most important things is that

12:16

what your father taught you about what

12:18

your deal with your father was? The

12:21

best gift I've ever been given by far. I make

12:23

all my employees do it too and they all thank

12:25

me and I thank my dad. It was the best.

12:27

You know, I think of you all the time when

12:29

I think of this because in talking

12:33

to you all the time, you talk about

12:35

getting out of the rat race and that's

12:37

part of your game and that resonates with me

12:40

because how do you get out of the

12:42

rat race? There are ways to do it. You've

12:44

enumerated that many ways, many times. But

12:46

to me, the best way I've learned personally to

12:49

get out of the rat race is to pay

12:51

yourself first. My father told me

12:53

when I started the company that every two weeks

12:55

as a 19 year old kid, I'll buy something

12:57

metal when I get paid or he'll fire me

12:59

that he wouldn't let me make the same mistakes

13:02

that he had made. And I

13:04

thought, well, if that's the only rule, I

13:06

can deal with that. 34 years later, I

13:08

look at that as the greatest gift I've

13:10

ever been given. I've run the company myself

13:13

for over two decades. He won't fire

13:15

me anymore. But the promise, I've

13:17

honored and I buy something every two weeks and I don't

13:19

look at gold and silver as an investment. I look at

13:21

it as wealth. I think too, it's not

13:24

something you buy to get wealthy. It is

13:26

wealth. If you own enough, okay, you could

13:28

be considered wealthy, but it's wealth and

13:30

paying yourself first is how you get out of that. The

13:33

reason is because in 71 Nixon took the dollar off

13:35

the gold standard and the dollar became debt. And

13:37

now our debt exactly, they say every

13:40

100 days for 90 days, US is

13:42

increasing their debt by a trillion dollars. How

13:45

long, how, you have a say, how

13:47

big is a trillion dollars? You have,

13:49

you almost cite that. Yeah,

13:52

I'm Glad you said that, because, you know,

13:54

look, most of us in our lifetime can

13:56

make a million dollars working. You may not

13:59

save it. Which can make it. And.

14:01

There's lots of billionaires out there. And.

14:04

Ah, You

14:07

know, a trillion seconds? Go. Trillion doesn't

14:09

sound like that much because a million

14:11

and billion their obtainable. I guess I'm

14:13

a trillion. Sections Go was thirty One

14:15

thousand, Six hundred, eighty Eight years ago.

14:17

Numbers are so big Some fab was

14:19

as an adult a. Your.

14:21

D One thousand, six hundred and eighty

14:23

eight years ago, Neanderthal stocking the planes

14:25

of Europe is a trillion seconds ago.

14:28

And we're adding that every hundred days.

14:30

And we're adding a hundred billion in

14:33

interest payments roughly every hundred days as

14:35

wealth. The numbers at the hockey sticks

14:37

phase where they just they start to

14:40

go up parabolic lee and to return

14:42

from that becomes almost in our Ralph

14:44

Hello cause of the banana place it

14:46

goes parabolic up. There was. No

14:49

out, Tell us about Miles Franklin And full disclosure:

14:51

I'm a client of yours or by from. What?

14:55

I've were a precious metals company been doing

14:57

for thirty four years. We do have a

15:00

website where you can purchase, but the prices

15:02

are nowhere near as good. If you just

15:04

simply send us an email at In Four

15:06

Miles Franklin and say you heard heard Me

15:09

on the Rich Dad program will send you

15:11

a priceless that will be as good or

15:13

better than anywhere in America. Will answer any

15:16

questions that you've heard here on the show

15:18

or anything else that you have questions about.

15:20

No obligation. In full of miles, find some.com

15:22

if you just want the priceless that's great

15:25

or any questions. Or want to be contacted and.

15:27

I. We've done this for thirty four years.

15:29

almost at ten billion in sales. Never had

15:31

a customer complaints ever. We've made mistakes. But.

15:34

Not enough to warrant someone to put a

15:36

nasty complaints on somewhere. Ah, we make right

15:38

if we make the mistake, but dumb as

15:40

who we are and you know some. I

15:43

was talking to someone last night and this

15:45

is what? What is one of yours? You

15:47

know your secrets. A success. I said. You

15:49

know, sometimes. I. can't remember a

15:51

day and thirty four years where i

15:53

didn't wake up looking forward to seeing

15:55

what the world has brought an end

15:57

to doing this and it's something i've

16:00

And I think you've loved what you've

16:02

done forever. And maybe that's why you're

16:04

successful. I think having

16:06

a passion is something that's important. And this

16:08

is something that, you know,

16:10

regardless of, you know, speaking

16:13

online and getting pushback or whatever,

16:15

it's my labor of love. And

16:17

it's something that I enjoy and

16:19

feel I'm contributing even a little bit to society

16:21

by doing this and that's who we are. And

16:23

that's who I am. And then your

16:26

dad had you pay yourself first. I

16:29

first started buying silver in

16:31

1964 when I started

16:33

noticing the coins had copper around them.

16:36

And then I bought my first gold in 1972. I

16:40

bought, I flew behind enemy lines in Vietnam

16:42

to look for gold. And I

16:44

realized I didn't know what gold looked like. You know,

16:46

so I was a helicopter pilot. And

16:49

so I finally had to wait to go all the way

16:51

to Hong Kong. And I'm in

16:53

the streets of Hong Kong dealing with the Chinese as

16:56

you know, they're very smart people, very

16:58

smart people. And I

17:00

was getting an education in gold and

17:02

silver and what I call

17:04

real money, you know, gold and silver are

17:06

real money. And

17:08

so I bought my first Kruger van. I

17:11

had to pay $50 for an ounce.

17:16

You know what I mean? But a few weeks ago,

17:18

it was early, it was $35. And

17:21

I still have that Kruger van. I

17:23

don't store it here in America. It's

17:26

stored outside of Switzerland in another country.

17:29

And the reason for that, as you know, which

17:31

is that the poster over your right shoulder is,

17:34

you know, Roosevelt confiscated people's

17:37

gold. So it's being a

17:39

little paranoid. My gold

17:41

is not in America and it's in

17:43

storage faults outside of Switzerland some place.

17:46

So that's my story. And

17:49

I don't save dollars. That's why I put

17:51

savers or losers. And I

17:53

saved silver and I gold. And

17:55

just recently, About 10

17:57

years ago, I started buying Bitcoin. Oh

18:00

and. I look at the

18:02

whole thing that people want to argue. You

18:04

know I hear all the time on you

18:06

tube which is better Gold or Bitcoin or

18:09

sober Bitcoin. And I was laughing

18:11

as a guy that one or people argue was a

18:13

stupid things. You know, just how

18:15

many do you have? pets hot cup?

18:17

How many ounces of gold? I may

18:19

also summer how many bitcoin or so

18:21

lot or whatever you got, but they

18:23

oughta argue. Intubated and they don't have

18:25

anything that makes no sense to me.

18:28

Or. Wine and I

18:30

arrived. I rue the the I'm.

18:33

The. Debate. I mean, Last

18:35

time I saw you in person was in Vancouver

18:37

and I had lunch with our mutual friend Mark

18:39

Moss and and now we Brunel and they opened

18:41

my eyes in many respects. To

18:44

some of the things that have been

18:46

thinking about the in Bitcoin and. Before.

18:49

I'd take that any further. I'll just simply

18:51

say that it is always been going all

18:53

the way back to the to when Bitcoin

18:55

was four hundred dollars a coin. I had

18:57

a gentleman working for me, name and the

18:59

Hoffman who also opened my eyes into Bitcoin

19:01

and he wanted the. We. Together

19:03

wanted to build a bridge between

19:05

the bitcoin community and the physical

19:07

metals community, because after all, the

19:10

ideology in many respects is the

19:12

same: the push back against what's

19:14

happening in the country with the

19:16

monetary and fiscal policy, the decentralization

19:18

in other words, owning something that

19:20

you hold physically that is not

19:22

simultaneously someone elses liabilities and that

19:24

didn't work out so well at

19:26

the time for various reasons, not

19:28

because of. The i'll just

19:30

because differences of opinion but since suffice

19:32

it to say my my my thinking

19:35

is that we all. Come.

19:37

In the door for the same reason

19:39

and an M and maybe the difference

19:41

between the skins had a bitcoin a

19:43

man beat. Wants. Nothing about

19:45

our madness. The reason. We.

19:47

Buy gold, silver, and bitcoin, or

19:50

the same reason. That.

19:53

Not only difference is Jamie how

19:55

many how many ounces you have.

19:58

Yeah. Well that's. Point

20:00

and I think we should be

20:02

complementary to one another and instead

20:04

of adversarial and I think anyone's

20:06

portfolio. That is rich

20:09

in bitcoin would be stronger if

20:11

some of the prophets were put

20:13

into gold. your hedging your bets

20:15

And and I'll simply say this

20:17

that. I don't the legitimize

20:19

bitcoin at all. In fact, since I had

20:22

since I last saw you I've been buying

20:24

get along with gold and silver every two

20:26

weeks. And that's new

20:28

to me. Because. I don't want to

20:30

miss out on it, and I don't wanna

20:32

miss out on what could be a global

20:34

trend. But you know, it's never really been

20:36

my focus, but I'm open minded enough to

20:38

add little bits of it on a habitual

20:40

basis. But you're right. I mean, I think

20:42

that if you look at the central banks

20:44

to the world which are the most well

20:46

informed traders, forget about a wealth of the

20:48

are. Observed I'm buying gold at

20:50

eleven. The world is never seen before. So

20:52

there is legitimacy to taking some

20:54

of the profits in crypto currencies

20:57

of people made a fortune. And

20:59

and and and put that in do something

21:02

that stable and that the biggest money, Smartest

21:04

money, most well informed traders in the world

21:06

are buying. It. Doesn't have to

21:08

be. They don't have to be mutually exclusive one

21:10

another. I think your portfolio becomes a hell of

21:12

a lot stronger. As you been

21:15

recommending for years now having allocations

21:17

to all three. Of instead

21:19

of just only looking in a you know.

21:22

In one direction broaden your horizons. You probably

21:24

end up having a stronger poor flower say

21:26

as you don't have to make something wrong

21:28

to be right to is really stupid or

21:31

that's a sudden causes war. I'm

21:33

right, you're wrong and his ass

21:35

holes who are debating gold and

21:37

silver and bitcoin and salon all

21:39

as us the assessment A bunch

21:41

of hot air. And

21:44

odd that that's the point

21:46

is. We're. Where we and

21:48

will I buy gold silver bitcoin

21:50

as as but some. It. Syria.

21:52

I'm. Simply. For the

21:54

same reason, our money as fate.

21:57

Or. Because you get it, You

21:59

get it. And you see the bigger picture

22:01

and I think we're in the minority people. Let

22:03

me say this much. I think his

22:05

name is Michael Saylor. He's micro strategies and all

22:08

that. I mean he's putting billions into

22:10

Bitcoin. Billions. You know,

22:12

I got my 60 coins and he's got

22:14

billions. I'm going holy mackerel. And

22:18

but he says what do you call a

22:20

person who saves fiat currency or the US

22:22

dollar? Poor. And

22:26

that's what's happening today. People with

22:29

old ideas are

22:31

getting poorer and poorer and poorer because

22:33

as you know, my whole shtick is

22:35

what this school teacher bought money? Nothing.

22:37

So anyway, come back. We've been going

22:39

more into this and all this. But

22:41

I'm glad we start with the macro

22:44

and then any kind of racism is

22:46

more than a sin. It's

22:48

a crime. So anyway, we'll be right back.

22:53

Have you heard about the expanding

22:56

influence of BRICS, Brazil, Russia, India,

22:58

China and South Africa and its

23:00

potential to severely impact the US

23:02

dollar by possibly creating a new

23:05

world currency? Even JP

23:07

Morgan said and I'm paraphrasing the impact

23:09

of BRICS would most likely be felt

23:11

here in the US where

23:13

moving away from the dollar would cause

23:16

our financial assets like our IRAs and

23:18

401ks to lose. We

23:21

agree with JP Morgan and many others. Now's

23:24

the time to position yourself

23:26

for stability, security and wealth

23:29

protection. So

23:31

take it from Robert and me, whether

23:33

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23:35

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you visit. Protect with robert.com today.

24:12

Are you can call Eight Four

24:14

Four Three Roberts said. Eight Four

24:16

Four Three Robert. Something

24:20

which is known as a better way to do. Things

24:22

like bundling your home and auto insurance

24:24

it all states or going to the

24:27

grocery store for milk instead of buying

24:29

on cow. Is

24:32

an easier and. Better with save us

24:34

a twenty five recent when he went

24:36

home and auto with last. Sonos.

24:39

They do vary by state and are not available in

24:41

every state, saving up to twenty five percent of the

24:43

country by after to the maximum available savings of the

24:45

home policy of the vehicle and property insurance company in

24:47

Affiliates notebook Illinois. Welcome

24:51

back Roberts your soccer, The rich that radio

24:53

show amid one thing as I don't make

24:55

a dump another financial planner don't make recommendations.

24:57

We should do This issue is that I'd

24:59

say what I do. And. Thus,

25:02

as far as it goes, you want to

25:04

do something, You do it. Gonna do it.

25:06

They'll blame it. While the reason I buy

25:08

from Miles Franklin is because I've so of

25:11

people I buy from while I go for

25:13

the information, Education so I

25:15

can call and the uncles I'm

25:18

gonna buy something and he'll always

25:20

add some bit of knowledge or

25:22

with some more history. That increases

25:24

my understanding of why I'm doing

25:27

what I'm doing. So.

25:29

We started with club or Universe Day

25:31

which is like I said there are

25:33

Teachers College and nineteen thirties by the

25:36

nazis and from Germany. To. Teach

25:38

the teachers and thus when communism spread

25:40

all across America was rak a dumb

25:42

act system and now we have rioting

25:45

anti semitic, anti Israeli in our with

25:47

loss or a whole focus of what

25:49

we do it for So and it

25:51

was telling me before went on the

25:54

air I would feel as a paper

25:56

called Cloward to fund or something that

25:58

explains what is happening. In at Columbia

26:00

and throughout the world right now. Yeah.

26:04

You know I'm before I mention what

26:06

the cloud given theory is in. I

26:08

talk a lot about a man. Him

26:10

Jared Bernstein and Jared Bernstein his lead

26:13

economic advisor. The United States government who

26:15

advocates for losing robbers er status in

26:17

is written reports on at the throne

26:19

king dollar cetera. And. You know,

26:21

by weaponizing the dollar and and telling Saudi

26:23

Arabia the linchpin of a Gemini hey, we're

26:25

going green. Would offset the

26:27

ball in motion. And I always have

26:29

said I've talked a lot about I've

26:32

talked about back with you are lots

26:34

and on your show but I've also

26:36

talked about the things that bother me

26:38

the most. about what's happening in this

26:40

country is the lawlessness, the open borders,

26:42

the the woke miss, the you know,

26:44

the the. Questioning. Of

26:46

the electoral system of the judicial system,

26:49

Mesbah bother me more than anything because.

26:52

You. Know if this country represented when

26:54

it was when you wanting to

26:56

fight for it. I

26:58

think we could. We, we were united. And

27:00

we could. We could stand up to problems.

27:02

We could fix this. We can. We get

27:04

away from it. But when people look at

27:07

what's happening in our country. all of the

27:09

things I just mentioned. I. Think they

27:11

wonder what the hell's going on in

27:13

this country now. Interestingly enough, Jared Bernstein.

27:16

To I believe is the architect of

27:18

the d dollarization plan to leave Economic

27:21

advisor the Us government Graduated. Along.

27:23

With Brock Obama from Columbia University, along

27:25

with Anthony Built in the current Secretary

27:27

States former Attorney General's Bill Barn, Eric

27:29

Holder and Madeleine Albright former Us Ambassador

27:31

to the Un and I want to

27:33

give a shoutout to our mutual friend

27:35

Mark Moss kind of turned me onto

27:37

this, opened my eyes to it. And

27:41

a blew me away because all of these

27:43

things that I've been lamenting. Over. The

27:45

past several months on. Gosh, Knows

27:47

how many podcasts I've done and talked

27:49

about it. there's a

27:51

flowered pippin strategies that i'm like oh

27:54

my god this is what they're doing

27:56

and it it's been a man named

27:58

richard cloud and friend Francis Fox Piven,

28:00

they were two professors who taught at

28:02

Columbia University, husband and wife. And

28:05

they taught us a theory

28:08

that outlined a plan to

28:10

socialize America by overwhelming

28:12

the systems with government spending and

28:14

entitlement programs. And

28:17

in essence, I'll just read a couple of the strategies. The

28:20

primary objective of the strategy is

28:22

to create chaos with the hopes

28:24

of destroying America's capitalist economy and

28:26

replacing it with a socialist system

28:28

that guarantee what then includes guaranteed

28:30

income, a massive drive to recruit

28:32

the poor onto the welfare rolls.

28:34

The point of surging welfare claims is to

28:36

enroll as many individuals as it takes to

28:39

send the United States into an economic crisis.

28:41

Now, think of the 12 million people we

28:43

just entered into this country illegally. 63%

28:46

right now of non-U.S. citizens are

28:48

currently activating some form of taxpayer-funded

28:51

welfare compared to only 35% of U.S.

28:53

households. Talk

28:56

about specifically mentioned targeting

28:58

America's large cities for their

29:01

colossal welfare push. San Francisco,

29:03

New York City, Philadelphia, Chicago,

29:06

they're overwhelmed right now and

29:08

targeting the big cities. In

29:11

a series of welfare drives in

29:13

large cities, we could believe impel

29:15

action on a new federal program

29:18

to redistribute income. They talk

29:20

about the best ways to achieve their

29:22

goals is to create a new loyal

29:24

voting bloc out of the rapidly increasing

29:27

number of welfare recipients. Do you think

29:29

these 12 million people will vote anything

29:31

other than Democrat if the Republicans say,

29:34

no, no, we're going to deport you,

29:36

let alone? No, they won't.

29:38

They will continue to vote this way. And

29:41

on and on and on. And the last piece, I

29:43

want people to research this for themselves. I don't need

29:45

to read this over. You can, in 10 minutes, you

29:48

can read about it. But the last piece that I

29:50

found really interesting was that both Cloward

29:52

and Piven agreed that a mainstream media

29:55

would play a critical role in their organized

29:57

attack against America to quote Cloward and Piven.

30:00

As the crisis develops, it will be

30:02

important to use the mass media to

30:05

inform the broader liberal community about the

30:07

inefficiencies and injustices of welfare. You

30:09

read this and you will say, my God,

30:11

they are doing this right now. And

30:14

they are overwhelming the system. Who's going to

30:17

pay for those 12 million people? You know,

30:19

Robert, the Congressional Budget

30:21

Office, which is the last nonpartisan

30:23

group in Washington, came out and said, this is

30:25

before the 12 million people came in here. By

30:29

2031, in less than seven years, 100%

30:31

of tax revenue will go just to

30:33

pay the interest on

30:38

the debt and the mandatory entitlement programs

30:41

like the $99.5 trillion shortfall in

30:45

Medicare, the $77 trillion shortfall

30:48

in Social Security. And

30:52

when you realize that military spending

30:54

is a

30:57

discretionary line item on

30:59

the budget, that means that we will

31:02

have to borrow money to fund our

31:04

military. How do we maintain our status

31:06

as the leader of the free world?

31:10

And financially and militarily, when we have to

31:12

borrow money just to fund the military, it

31:15

ain't going to happen. That's before the 12 million

31:17

people came in here. Who's going to

31:19

pay for them? They're schooling, they're housing, they're

31:21

food, they're medical. They are

31:23

overwhelming the system and creating a

31:25

system that will break. Ushering

31:27

in universal basic income, especially in the

31:30

big cities, which are becoming nightmares. Throw

31:33

into it the impending commercial real estate issue,

31:36

and it gets a whole lot worse. So I

31:39

have no faith in the US dollar holding

31:41

its value where our debt is going up,

31:43

where printing money would pay our bills. That's

31:45

like using a credit card to pay your

31:47

mortgage. I mean, it doesn't make any sense

31:50

at all. And that's why there's

31:52

no financial education in our schools. But

31:54

that's why most school teachers are Marxists.

32:00

that Mark said was that taxation

32:04

is essential for the spread of communism.

32:07

But also there was a guy named Thomas Jefferson way

32:09

back when. He says, if

32:11

we install a central bank, which the Fed

32:13

is, and the Bank of Japan and all

32:15

these guys, our people will

32:17

wake up homeless. And

32:19

homelessness is expanding. And

32:22

what I'm trying to say to people, this is not a

32:24

mistake. And if you're saving

32:26

dollars exactly as Michael Saylor says,

32:28

if you're saving fiat currency like

32:31

the yen, the euro, the peso, you're

32:33

called a poor person. Getting poor and

32:35

poor because your education hasn't kept up

32:37

with the times. And

32:39

that's a problem of going to school where

32:41

Marxists teach education. So who

32:44

was Obama's classmate at Columbia? I

32:47

don't know if they were classmates, but Jared

32:49

Bernstein went there as well. And if you

32:51

Google Jared Bernstein, Cloud Piven Theory, you'll see

32:53

there's a gazillion articles. He supports it. And

32:56

Jared Bernstein is the lead economic advisor of

32:58

the United States government who advocates for losing

33:01

the reserve status. What better way

33:03

to lose the reserve status than to tell Saudi

33:05

Arabia the linchpin of it and OPEC, hey, we're

33:07

going green. Look, I want a clean world too.

33:10

But to go and say that to Saudi

33:12

Arabia means you are threatening the existence of

33:14

the petrodollar and then sanction

33:16

and weaponize and even confiscate foreign

33:18

reserves and tell other people you

33:20

can do this, but you can't.

33:22

Look, we invaded Iraq 20 years

33:24

ago. We're still occupying their country,

33:26

sanctioning 14 of their banks and

33:29

holding their oil revenue. They

33:31

asked us for a billion dollars out of the 95 billion

33:34

in oil revenue that they made last year that's held at

33:36

the New York Fed. We said, that's not a good time.

33:38

So what have they done? Formally applied the BRICS,

33:41

they're kicking Western coalition forces out of the

33:43

country, made trading in dollars illegal. If you

33:46

own a business and trade in Iraq, you

33:48

will go to jail and they'll take your

33:50

company. And as of January of this year,

33:52

they got rid of all green bills, $100 bills. They're

33:55

out of every bank in Iraq. We're viewed

33:57

as hypocritical. We can do it. You

33:59

can't. If we're not on our side ideologically,

34:02

we're going to confiscate your Forex reserves. This

34:04

is why they're all selling Treasuries and

34:07

buying gold because it has no counterparty

34:09

risk. So, counterparty risk means there's nobody,

34:11

there's gold is money. Silver is

34:13

money. Of the two, just for

34:15

to keep people happy, you have gold, silver.

34:18

I have silver eagles

34:20

and gold eagles. Which

34:23

do you – I mean, I think silver is

34:25

the best buy simply because a person can afford

34:27

it. It's about $30 today, US. This is 2024.

34:32

But Bitcoin, you can get a Satoshi or whatever

34:35

that is, you know, Japanese name. But

34:37

people are still insisting on

34:39

saving fake money, fiat currency.

34:42

That's how I wrote the book, Fake. And

34:46

people are getting poorer and poorer in

34:48

America because most of our

34:50

school teachers are Marxist.

34:54

And they hate the rich. That's

34:56

why they're going after Trump. They hate

34:59

him because he's a rich man. He's

35:01

charged for doing what every real estate

35:03

investor does. We pad

35:06

our financials. We say this

35:08

is how much this building is worth and

35:10

all this. And

35:12

as my rich dad said to me a

35:14

long time ago, he says – so we

35:16

fill out the financial statements. He says the

35:18

difference between your lies and my lies and

35:20

my lies comes true. And so

35:23

what Trump did, he kind of lied on

35:25

his financial statement, but he came true. He

35:27

paid everybody back. But now they're

35:29

going to take down the former president of the

35:31

United States just so that guys

35:34

like Biden, FBI can't find his

35:36

laptop. And

35:38

what about – isn't Biden

35:40

receiving money from Russia, Ukraine, and China?

35:43

Yeah, I mean, it's just

35:45

a complete and total joke. Don't forget about the

35:47

cocaine that they destroyed without checking the fingerprints or

35:49

any of the – I mean, the whole thing

35:51

is a joke. It's a complete and total joke.

35:53

I live not too far from Mar-a-Lago. And

35:55

Sylvester Stallone just bought a house there

35:58

for $30 million on the phone. Palm

36:00

Beach and they're trying and it's

36:03

a fraction of the size of Mira Lago and Mira

36:05

Lago is a much better piece of property. They're saying

36:07

it's 18 million, not the value. I mean, the whole

36:09

thing is just a joke. It's really

36:11

it's really a joke and it's an embarrassment

36:13

to this country. It's embarrassment to a guy

36:15

like you who risked his life fighting for

36:17

a country that that held

36:19

a higher moral ground than the rest of the

36:21

world. I find it to be more repugnant than anything

36:24

we've done mismanaging the World

36:26

Reserve currency. It's what we are doing

36:28

to the reputation to to

36:30

to Liberty to the reputation of a country that

36:32

that was once the beacon of light around the

36:35

world. And now people are saying what the hell

36:37

has gone on and your question about what

36:39

is better? Yeah, I mean Satoshi is what

36:42

you're talking about. You can buy little pieces

36:44

of Bitcoin. Sure. It's great. People can own

36:46

it and hold it in their

36:48

own possession off off the exchange. No

36:50

counterparty risk in terms of gold

36:52

and silver. Look, if I had one trade,

36:54

it might be gold only because it was

36:57

reclassified the world's only other tier one asset

36:59

by the Bank of International Settlements, which is

37:01

the most powerful bank on the planet. Yet,

37:04

I think silver is the trade of a generation. If

37:06

I had two trades, I'd buy silver maybe

37:08

with the intention of down the road when the

37:10

ratio between the two correct trading it back into

37:13

gold. Interesting thing about silver.

37:16

I'd like to mention the Silver

37:18

Institute came out with their numbers

37:20

recently and said 185

37:22

million ounce shortfall this year over 200 million last

37:25

year, but in it they it's

37:27

very conspicuous. They do not mention

37:29

silver in the military industrial complex

37:31

at all. No, there is no

37:33

military breakout. Two years ago,

37:35

I gave a speech in Vancouver the same

37:37

place. I saw you last time at Jay

37:40

Martin's Vancouver Resource Investment Conference, one of the

37:42

best one of only two I go

37:44

to conferences all year. Everyone should check him out. He's

37:47

a mutual friend of ours and a great dude.

37:49

And in it, I said

37:51

there's 500 ounces in the Tomahawk cruise missile

37:54

and a guy came up to me. He sent me this

37:56

cup. He

37:58

says I work. For the Department of

38:00

Defense and I actually helped design the Patriot Missile and

38:03

another silver and and I just don't know how much.

38:05

Well. Last time we were there when I saw

38:07

you last he came up to me after my

38:09

last three to he said you know what you

38:11

were right there is about fourteen to fifteen kilograms

38:13

and the tip of a tomahawk and he showed

38:15

me all sorts of pictures the door this is

38:17

all declassified and we talk for an hour. He

38:19

does he at text me a couple days by

38:21

going to get back to him and. Talk.

38:24

Some more because. They. Didn't

38:26

listed. In any of

38:28

the. Supply. Demand fundamental.

38:31

So when you think of all

38:33

the missiles hi tech missiles much

38:35

as tomahawks an aerospace that need

38:37

silver. And ask yourself, why would

38:39

a commercial bank like Bank of America

38:41

be short? One billion ounces naked short

38:44

of silver? Why was Jp Morgan so

38:46

short? While Jp Morgan pay nine hundred

38:48

and twenty million dollar fine for suppressing

38:50

the market and still allowed to be

38:52

the custodian of the world's largest silver

38:54

trust, the largest find the Justice Department

38:56

ever issued and nets are still allowed

38:58

to do at the point of it

39:00

is is is a silver is the

39:02

military industrial complex. Holding. The

39:05

price of silver down so they can

39:07

create all of these high tech weapons

39:09

to sell all around the world to

39:11

fund the continuation of war all around

39:13

the world. Could it be that simple?

39:15

I don't know, but ask yourself if

39:17

indeed was confirmed by this gentleman a

39:19

D O D consultant who said yes,

39:21

there is that much in a tomahawk.

39:23

Think of all the missiles and ask

39:25

them, why is it not in the

39:27

supply demand fundamentals and then ask yourself,

39:30

why would a handful of commercial banks

39:32

hold the largest concentrated short position in

39:34

any commodity. Traded on call max. Found.

39:36

In silver it makes no sense until

39:38

you take a surprising could that be

39:40

a. Fine. Line between conspiracy. In

39:42

reality I let you all decide, but in

39:44

my mind. Absolutely Wife They

39:46

are allowing these commercial banks to

39:49

suppress silver in order to fund

39:51

the Military Industrial complex efforts. And

39:53

who is Military Industrial complex out?

39:56

And as a Black Rock and

39:58

Vanguard's they own everything. in

40:00

ETFs. Could it be them? Maybe.

40:02

Don't know. I'll let you all decide. Well,

40:04

that's the whole point here is that the

40:06

whole thing is so rigged. It's

40:10

terrifying. And that's why counterparty risk means

40:13

I don't want to own a stock because

40:15

I don't know who's got it. Like if

40:18

I borrow money, I mean, who's the guy who's going

40:20

to pay me back? If I

40:22

want to know. And gold and silver, you don't

40:24

need that. So I miss Bitcoin. You have no

40:27

counterparty risk. Like would you lend

40:29

your stupid brother-in-law a million dollars? You

40:31

know what I mean? No.

40:33

Because the guy doesn't even have a job.

40:37

And so the point, another thing you

40:39

made was complete with this is

40:42

not only is silver using batteries with

40:44

EVs and all that. And I bought

40:46

my first EV. I love the car.

40:48

It's a Cadillac Lyric. I

40:50

go past gas stations and all that. And I own

40:53

oil wells, some kind of trader to my

40:56

industry. But I

40:58

like the battery car. I don't

41:00

go far distances, but I love the car.

41:03

But the thing about no counterparty risk and all

41:05

this, it's getting

41:09

scarcer and scarcer and scarcer,

41:11

much like Bitcoin, because silver

41:14

is consumed just

41:16

as Bitcoin has a finite. And

41:19

that's one reason I like silver. And most

41:21

people can afford 35 bucks today.

41:24

So well, when

41:26

you talk about the counterparty risk in silver, and

41:28

it is getting scarcer. So if you think you

41:30

own, for example, a COMEX contract of silver, which

41:32

is 5000 ounces, currently

41:35

the registered category is rehypothecated. Those

41:37

are the bars that are on

41:39

COMEX. People hold contracts that they

41:41

think they own. They can take

41:43

delivery of. It's rehypothecated roughly about

41:45

1800 percent. Meaning

41:48

if everyone's good for delivery, 17 would

41:50

get cash, one would get the bar. You've

41:52

got to explain what rehypothecate means. Edges

41:55

means selling the same asset over and over and

41:57

over and over and over and over again. because

42:00

of the leverage most people never stood for

42:02

delivery ever and when they develop the

42:05

comax market they figured here's how we can do

42:07

it we can. Let people pretend

42:09

to pay and we can pretend to give it

42:11

to him what i mean by that is

42:13

that if i buy a comax contract to hedge

42:15

my inventory. I just have to

42:17

have about eight thousand dollars in my margin

42:19

account the trades fifteen bucks or less the

42:21

eight thousand dollars in my margin account as

42:23

long as the price doesn't go against me

42:25

allows me to control. A hundred

42:27

ounces ago my could stand for delivery but

42:30

that's what i mean about pretend to pay

42:32

for now they can pretend that i own

42:34

it by rehype selling that same contract over.

42:38

Simple it very simply means they're

42:41

selling the same product over

42:43

and over and over again

42:45

that's what rehypothecate means so

42:47

if somebody says well where's my silver.

42:50

We're in trouble well that's right it would be

42:52

only one out of eighteen would get their silver

42:54

the rest would get cash on that's

42:57

part of the fractional reserve system that

42:59

banks run on. So i

43:01

think one of the biggest things we should

43:03

he was from thomas jefferson again. Like

43:06

he says that if central bank takes over

43:08

which is the fed the year

43:11

i mean the bank of england bank of

43:13

japan. This is our

43:15

people will wind up homeless in the land

43:17

their fathers fought for and

43:19

that's what's happening right now homelessness is

43:21

increasing very simply because every

43:23

time they print money. Asset

43:26

prices go up. But

43:29

when you print money so does

43:31

food and gasoline and all that

43:33

go up so people like you

43:35

and me because we're saving gold

43:37

and silver the asset price goes up

43:39

so we get richer but

43:41

for the people who are saving money.

43:44

They're getting poor and that's why

43:47

michael sailors is what you call a person who

43:49

saves fiat currency poor.

43:52

And because there's no financial education in

43:54

our schools the poor are getting poor

43:57

now they can afford to buy a

43:59

house they can't afford. for the rent

44:01

and homelessness goes up. But

44:03

this is why I'm so adamant about why do

44:06

we have financial education in schools? The Rich Dad

44:08

Company is for. But

44:11

that's why I love what you

44:13

do, because every time I buy from you, you always

44:15

educate me. So final words,

44:17

Andy, how can people get in touch with

44:19

Miles Franklin? And how do you recommend they

44:21

start if they want to? I make no

44:24

money from this. I'm not saying you should.

44:26

I'm not a financial advisor. So how

44:29

would people get in touch with

44:31

Miles Franklin? No, I love you,

44:33

Robert. And I appreciate your kind

44:35

words. infoatmilesfranklin.com. Say you heard me

44:37

on the Robert Kiyosaki show. And

44:39

we will send you the

44:41

current price list, which will be far more

44:44

competitive than anything you see on our website

44:46

and most of every other company in America.

44:48

Any questions you've heard on here you want to

44:51

be expanded upon, or any questions you have,

44:53

info at Miles Franklin. And we will make

44:55

it a very, very, very good experience. You

44:57

have my word on that. And one of

44:59

the problems with gold and silver is storage. Well,

45:03

how does Miles Franklin mitigate that? So

45:06

I think that if you can hold it

45:08

yourself, it behooves you because of the lack

45:11

of counterparty risk and having no one

45:13

in between you and your money. But

45:15

we do, I think, have the finest storage program

45:18

in the industry. I think we're the envy of

45:20

the storage industry. We have a exclusive arrangement that

45:23

no one else has with brings for

45:25

a fixed rate storage program all

45:28

throughout nine volts around the country, and

45:30

meaning it's based on the ounces rather

45:32

than the value. That's very unusual in

45:34

the industry. And

45:36

if you need to store it, all of our

45:39

storage accounts are 100%

45:41

segregated, insured, and audited

45:44

semi-annually for safety. The reason I

45:46

laugh is you deal

45:48

with attorneys. A lot of them are basically

45:50

smart people. But

45:53

they lack a lot of common sense, if you know what I mean. Every

45:56

attorney I meet, I say, how in the world?

46:00

you are as an attorney, you don't know much about that. But

46:02

I was at this one conference, you

46:05

know, masses of people, and this

46:07

attorney stands up there and he says, yeah,

46:09

I own gold and silver and said, he says, where do

46:11

you keep it? I keep it at my house. I

46:16

just cracked up. I says, why don't you say come

46:19

over to my house for potluck? Yeah,

46:24

well, and that's the thing about storage. If

46:26

you're going to store it, make sure you

46:28

do it with a very reputable company. And

46:30

that's why I partnered with Brinks in storage,

46:33

because they're the finest in the industry. Over

46:35

100 years, they've never had an attempted break

46:38

in any of their facilities. So that's

46:40

who I choose. And the end up is the

46:42

Cloward Piffin, that's the paper. P-I-V-E-N,

46:45

Cloward Piffin theory. Well, Andy, thanks

46:47

so much for being an educator,

46:49

most importantly, but also is that

46:52

we both had, my poor dad saved

46:55

money. That's why he was poor, really

46:57

sad, you know, and

46:59

my rich dad, he didn't

47:01

save gold, he saved silver, because

47:03

we couldn't, you know, silver, gold was illegal

47:05

for us to remember. Yeah,

47:08

until 1974. That's right. So

47:10

anyway, and the rule

47:12

of thumb is always pay yourself first. It

47:16

is indeed, it is indeed. And I'm always so

47:18

happy to be here and to see you. You

47:20

look great. Thanks for having me. And in

47:23

a world that's going to get increasingly volatile

47:25

leading up to the big meeting in October

47:27

for the bricks, where 36 more countries have

47:29

formally applied, and then the election the month

47:31

after, I'm sure there'll be lots to talk

47:33

about. So I'm always willing to jump on.

47:36

And in the meantime, I hope you and everyone

47:38

else out there stay well. As the Chinese curse

47:41

goes, may you live in interesting times. And boy,

47:43

these are getting more and more interesting by the

47:45

day. So I hope everyone stays well. So anyway,

47:47

thank you very much. And then we'll see you

47:49

around the block. And I'll be

47:52

right back with the final words from Rich Dad. Some

47:58

people just know there's a better way. to do things

48:01

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48:03

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49:01

back. Once again this is Rich Dad Radio

49:03

Show. We make no recommendations. I'm not a

49:05

financial advisor and I make

49:07

no commissions off of Andy Scheckman

49:09

or Gold or Silver. I

49:12

appreciate Andy because he's first an educator and the

49:14

reason I like dealing with him is to get

49:16

my education. And one of

49:18

the rules of thumb about investing is

49:21

only invest in what you understand or

49:23

start really small. So I

49:25

started really small in Bitcoin and

49:28

I got on late with 6,000 a coin and today it's

49:32

about 60,000. So

49:35

that's how I learned. But anyway a

49:38

couple of... this is April 2024 and

49:40

two weeks ago I was in Marlago,

49:43

Trump's place right near Bandylars

49:46

in Palm Beach, Florida.

49:49

And the big riot, not

49:51

the riot but there was a huge crowd that

49:53

showed up on Fort Trump. It

49:56

was called Border 911. thousands

50:00

of people showed up paying like $2,000 for a seat

50:02

to hear people talk

50:05

about how we're going to stop the open border

50:07

that Biden, as you may know, Trump

50:09

put the wall up and Biden took the wall down.

50:13

So I think Biden is one of

50:15

the biggest, most treasonous individuals, president we've

50:17

ever had. But as

50:19

I always say in closing, don't

50:23

pay attention to what a person says. Watch

50:25

what they do. And what Biden

50:28

is doing is destroying this company.

50:30

That person, Jared Bernstein is on

50:32

Biden's staff. So

50:34

please understand that this is not Democrat

50:36

Republican. This is about capitalism

50:39

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50:42

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