4.1 • 3.9K Ratings
🗓️ 5 March 2025
⏱️ 26 minutes
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0:00.0 | This is the Rich Dad Radio Show, the good news and bad news about money. |
0:07.0 | Here's Robert Kiyosaki. |
0:09.6 | Hello, it's Robert Kiyosaki, a very important program to you. |
0:13.4 | With guys like Jeff Wang, glad you're on this program and the real estate guys are on this program |
0:17.6 | because we're at opposite the ends of the spectrum on the big picture. |
0:21.6 | When you look at what happened in 1971, it's been 50 years now, they started printing |
0:27.6 | money. And what their intention was not real estate, it was stock market. And what happened, |
0:35.6 | so what happened is when they started printing money in 71, then they pushed to get gold become, you know, so Jeff, when you guys are talking about Bitcoin, gold was illegal for humans, for Americans to own. |
0:50.9 | So that happened in 1974 under this guy named General Ford Dopey. And then what happened |
0:59.9 | between 61 and 81, nobody was buying stocks because of my generation, baby from generation, |
1:08.8 | only people who invested in stocks were gamblers. Most people |
1:11.9 | were in bonds. And so what happened is they had to find a way to incentivize people to get |
1:18.7 | into stocks. And so what happened in 87 was that stock market crash and was called the Green's |
1:26.3 | demand put. So it was just on time. |
1:28.7 | So what happened in 74, they started putting people into 401ks because they had to find a way to force the idiots to buy stocks. |
1:37.6 | So meanwhile, real estate comes along because they can't figure out how to stop us from using debt because the dollar became debt in 71. |
1:48.0 | That's macro. |
1:49.0 | And the only way they could get debt to make sense was to increase taxes. |
1:55.0 | So that was in 1913. |
1:57.0 | The Federal Reserve Bank was created, what so is the IRS created. |
2:01.7 | That's macro. |
2:05.1 | So for there to be the dollar, |
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