Robert Kiyosaki: 2008 Crash Made Me Billionaire, Now 2024 Crash Will Make Me Even More Rich

June 21, 2024

Robert Kiyosaki: 2008 Crash Made Me Billionaire, Now 2024 Crash Will Make Me Even More Rich

MrBigMoney How To Think Like A Big Money Millionaire 43 Comments

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This Time It’s Different this is the new economy we are just coming out of the longest Bull Run in history 11 years started in 2011. in 2011 I made the biggest fortunes of my life because that was the MBS mortgage-backed Securities and the CDL crashes the real estate crashed and I backed up the truck by about 300 million dollars to buy the best real estate all across the Southwest this is the largest longest bull market in history and a lot I look at some of these young kids you know what and I I own I own some Bitcoin I own some ethereum but they’re all saying the same thing this time it’s different you know and Bitcoins crash and you know you know the Federal Reserve Bank I can’t believe that I mean people say don’t fight the fed and all this well my question to everybody is this can the FED print oil can print gas I mean gasoline can it print food but everybody sits there and they’ve been brainwashed by Wall Street to go do as a Fed tells you to do why you got to be kidding me those guys are The Three Stooges Janet Yellen Biden and Powell you got to be kidding me why would you listen to him Volker saying it’s gonna Crush so he raised interest rates right sorry so Powell is now channeling the spirit of voker and you know when volcker crushed inflation death to GDP was 30 percent and today it’s 125 if you believe the numbers so if he channels volcker and the other thing about history will tell you this there’s never been a soft Landing it’s more fed talk I’ve made more money in the last three years in my whole life and so that’s what I’m going to talk about with you today is that there’s other ways of looking at investing you know but to think that Powell is going to save you and as you may know the reverse repo Market is running at 2 trillion a day today right 2 trillion a day and people are listening to Powell you got to be kidding me I own no stocks bonds mutual funds ETFs I do not touch paper I’m not saying that you shouldn’t but I think people have been brainwashed by the fed the treasury and um whatever those guys are go to school get a job pay your taxes get a high paying job and invest in the long term a well-diversified portfolio stock spots mutual funds ETFs it was in 1974 when I came back from Vietnam at two tour Marine helicopter pilot I saw communism at work it was not pretty and I come back in 1974 they passed garissa eresa stands for 401k right now or IRA and I went oh my God they’re funneling My Generation the Boomers into the stock market and they don’t know anything about money and in 1974 the biggest Exodus Adam was school teachers suddenly becoming financial planners I watched that but are interesting I watched it in horror that’s that’s the poor leading the blind and today we have baby boomers who are hoping the stock market stays up in their 401K just as social security goes bust you think that’s an accident that’s all I’m saying I’m just a marine I’m a dumbass Marine lieutenant flew the gunship went down three times but today I listened to this and I go oh my God how can we be that stupid because I went to school we did as we’re told don’t fight the FED do as the FED tells you investable long-term well-diversified portfolio stocks mutual funds ETFs and don’t worry Powell is now channeling volcker when the debt to GDP is 120 percent you gotta be kidding me so when they were dropping the interest rates I thought I went to heaven because I would I’d buy a I buy apartment house I own 13 000 apartment houses every time the FED dropped the interest rates it it jacked the value of my properties up but I also improved the properties and I refinance out so today I owe no money in any of my properties thirteen thousand units all throwing cash to sit in a bull market even idiots feel smart I’m listening to all these idiots you know after 2011 and the market crashed in all the way because the repo Market went bad and the repo Market is the credit the credit of Lehman Brothers and bear Stearns was bad and they so they hammered that anyway it’s a long story my friends are all inside that world but then when it came back out they just started pumping money just like you said about Christine Lagarde you know so start lying and and what they did was they they kept printing more money to save a bad economy it was already crashing again in 2011 but they kept printing money and and today we’re going to pay that price I I use debt because debt of tax-free money so every what I did was I rehabbed my apartment 13 000 of them I just kept buying more with the cash flow and I’d refinance out as the interest rates dropped so I’m in good shape now that I took them then I set all interest rates right now so I used debt and who said guys says live debt free well that’s his opinion I don’t do that I don’t flip houses remember all those guys were flipping to everybody clicked oh that was stupid when the moment you flip you have a tax consequence I never flip I finance out this tax-free money and not not only that is when I started investing I had to invest a 12 interest rates I like debt and I like I don’t pay taxes because every time I I borrow more money to float my properties there’s three types of tax breaks I got appreciation depreciation amortization so I zero out so my cost of money is my tax on on debt is zero and I use that to tax appreciation depreciation amortizations all in which that Porta to offset tax in my income when Biden took the x the Excel pipeline off my oil I was selling from the ground which is a tax break also went from thirty dollars a barrel to a hundred thirty dollars a barrel today it’s like 120. yeah but oh my God this guy in Biden is going bankrupt this I’m not saying him but there’s somebody who wants to bankrupt because oil is a lifeblood of civilization I want I worked for Standard Oil of California as a tanker officer when I graduated from school I understand oil I was on the Alaska pipeline and all this I’m like he’s screwing us so when he raises inflation the poor and middle class will go broke and that was just done as soon as he was being done before he took office and so I’m looking at this this guy’s going to sell America down the drain I’m not saying it’s him but somebody wants us to go broke and I’m watching this going oh my God so what else can I so I have oil wells I get tax breaks for those because I don’t invest in oil stocks I work for standard oil but I don’t invest in Senator I invest in the oil in the ground I’m a Wildcatter everybody says don’t do it I don’t recommend it but I like doing it because my goal mines don’t do it I like doing it there’s more opportunity today than ever before but not if you’ve been brainwashed into going to school getting a job paying taxes live debt free and invest in the stock market this bubble right now is a bigger bubble than 2008. this is the everything bubble you know it’s going to be not only stocks bonds but also credit I mean but it’s more opportunity is going to come out of it and that’s what I’m saying be careful who you listen to because your best asset but also your biggest liability are the ideas in your head and be careful who puts them there [Music] foreign [Music]

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