122 Rich Dad Poor Dad Robert Kiyosaki Uncovers The True Controllers Of The World

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I'm Mike Boris and this is Straight Talk.

Every time they come,

every time he goes bad, war starts.

Do you think it's going to happen again?

We're already in it.

Robert Kiyosaki.

Robert Kiyosaki.

Robert Kiyosaki.

An entrepreneur, educator, and investor,

best known as the author of Rich Dad, Poor Dad.

Your book, Rich Dad, Poor Dad,

I don't know anybody who hasn't read this book.

If you can control your money, you control your life.

Rich Dad taught me about investing, playing Monopoly.

Four greenhouses, red hotel.

This is what the hand does, the mind remembers.

It's the golden rule.

Who has the gold makes the rule.

China is in serious financial trouble.

America is the biggest debtor nation in the world,

printing one trillion every 90 days.

And they're issuing it as debt.

Yeah.

And there's still no financial education.

If you're hoping the government's going to save you,

then you're in trouble.

I'm saying wake up.

It's imperative that every Aussie educate themselves

to protect themselves.

Aussie can change the world.

It's a small, powerful, lucky country.

But the world is caving in around.

you guys don't fuck it up robert kiyosaki welcome to straight talk mate honored to be a program and

congratulations all your entrepreneurial success that's impressive thanks very much well it's

coming from you that's a big wrap thank you very much no i'm serious so that is like here we are

we've got your book like this is like iconic and i don't know i actually don't know anybody in

australia i mean this i'm not just uh your book rich dad poor dad i don't know anybody

i mean there's lots of people probably haven't read but i don't know anybody who hasn't read

this book honestly and i'm dying to get you to write in it for me before you go if you don't

mind hopefully it's not your last one i hope so reorder yeah reorder please i'll tell you a quick

story the book was turned down by every publisher in new york no they said when it comes to money

you don't know what you're talking about so this was 30 years ago and now it's still number one in

the world so so this book's still number one in the world and

it was turned down by publishers yep and we're talking and you said 30 years ago this book's

been around for 30 years yeah oh my god 1997 it came out wow that's 27 years so fast for all of

us like it feels like it was maybe 10 15 years ago but 30 years ago yeah well aussie was a i love

this country it is a lucky country it really is but they're the most receptive to my ideas is that

right yeah i forgot what hotel i was staying at but my hotel room there was boxes and

i mean not books boxes of books and i sat there for hours just autographing them so the odds are

really receptive which gave me a big start oh that's and can you what is the if you could tell

us as opposed to what we interpret but what do you think is the basic premise or the thesis of

why you wrote this book and what the book stands for well as you know the great battle in the on

marxism versus capitalism and in 1965 i was 17 years old i went to school in new york i went to

military school and my economics teacher had us read the communist manifesto by marx and that was

pretty radical you know i mean to a school teaching marxism but rather than study canes

and malthus and all this he he had us read marx and i realized most school teachers like my

poor dad are marxists not bad people let me be wrong it's like a religion you know what religion

and as you know what mark said was abolition of private property was the number one goal

and that this guy claude schwab out of austria wherever he's at he says someday you'll own

nothing and you'll be happy so that's what's going on on the planet and a lot of people subscribe to

that so my poor dad was a marxist number two was that workers of the world unite my poor dad head

of the labor

union teachers union today the biggest union in america teachers unions and that's why we have

no financial education in our school the third thing was that oh yeah a graduating income tax

was essential for the spread of communism and as you know i mean we were taxed to death now

and america was found as a tax-free nation in 1773 we had the boston tea party kick the bloody

english out but what happened in 1773

the

british is india flag was transferred to the u.s and it became the u.s flag so if you look at the

british india east india flag which ran australia also the american flag is the british is india's

club flag so they the banks traded you know i mean yeah the bankers control the world like it or not

they control the world then they still do yes exactly because you would know that but they and

like you know we and when you try to take them on

you might get a little bit of uh you might get a bit of their territory you might actually get a

bit of their market share but eventually over time they change the rules that we all abide by but they

change the rules against you and eventually they now control the market again here in australia and

by the way the gfc was the greatest opportunity for them to take control back again they did and

and in australia covered recently or the so-called covert or pandemic whatever you want to call the

um it gave crazily enough this is so crazy you wouldn't think this would happen but somehow

our big banks in australia took a greater control of the australian

lending market than they have had in the last 40 years because of covid because the government

gave them a whole lot of money on the premise that we need to give banks money to kickstart

australia again in the construction and lending environments and we live off construction in this

country housing instruction and we'll give it to you at 0.1 of a percent for three years fixed

200 billion and go lend it and they lended it two percent record low rates and that gave banks

market share they took control of the market again which is quite interesting uh banks are

smarter than everyone gives them credit for they have smarter people than everyone gives them

credit for your your

rich dad poor dad is is it an education attempt by you to educate people the stuff they don't

learn at school my poor dad was head of education for the state of hawaii very smart man good man

big-hearted but when i read communist manifesto in 65 i went he's a marxist you know abolition

of private property hated the rich like taxes labor unions and that's a free country you can

think what you want and my rich dad was my best friend's father capitalist and so i was i had both

capitalist education and marxist education so i went to military school to learn all this you know

i i flew for the u.s marine corps in vietnam and we killed a lot of communists out there it was sad

so my concern is as you know america's in the going to war again because every time the economy

goes bad war starts so that's what brought hitler to power back in the

early years you know do you think it's going to happen again we're already in it so can we

exploit a bit because so that's a bit fascinating to me i meant by the way something i'm concerned

about because when things are going bad for a political movement let's start a war yes

putin's a good example and you can print more money and we print money we produce because we

need to print more money because we need to produce more arms and various other things

and uh we'll go to war and uh we'll fight the white we'll fight the good fight

well if i give aussies a plug here i fought in vietnam twice as a marine you know

and the aussies were a tremendous respected fighters they were jungle fighters

and they said what about americans americans clear the jungle then they fight

they did too they cleared it with a certain agent yeah yeah they kill a lot of people that way too

you know they just dropped agent orange on them i remember those days in fact you know it's

interesting i and you won't know this individual but maybe you do but there was a prime minister who

became there was a

gentleman who wanted to become prime minister australian became a very famous prime minister

his name was goff whitlam and i voted for goff whitlam it's the only time i've ever voted labor

in my life uh which is effectively your democrats um because i was uh about to uh join go to

university i was um 18 years of age i was at university i was at 18 years of age and conscription

was in australia because the war was on vietnam war was on and the last thing i want to do is go

to vietnam some of my older mates were there and uh and uh they were telling when they came back

they were telling me what it was like was sounding dreadful to me.

So I've actually voted in favour of the Labor Party.

Gough Whitlam won the election in favour of the Labor Party

just for one reason, so I didn't have to get conscripted.

I'd rather go to university and in those days smoke marijuana

on the library lawn.

That's what everybody was doing.

It's very interesting about you talk about institutionalised

or communism or Marxism perhaps is a better way of putting it

and every version of Marxism.

Today it's sort of watered down so you can't recognise it.

But it is preeminent in educational institutions, preeminent,

whether it's universities or schools.

Yeah.

But they don't label it as Marxist.

They sort of have a different view on it.

Well, let's look after everybody sort of thing.

We're going to look after you.

How is that, and I don't know about America,

that's in Australia I'm talking about, but how is that in America

and why does everybody cop it?

Why do you put up with it?

Well, again, military school was a school in New York.

I had nominations to Naval Academy, Merchant Marine Academy,

Army, Air Force and Coast Guard.

And we were taught acta non verba, deeds not words.

So the lesson we were taught as military officers,

watch what a person does, not what they say.

So if you watch politicians, I don't care what party,

watch what they do, not what they say.

So the first thing, I'm not Republican or Democrat,

but the first thing Biden did was he cut the Keystone Pipeline

from Canada to America.

And I'm an oil guy.

I went to school, I worked for Standard Oil.

I went to school to drive oil tankers for Standard Oil.

And the price I was selling oil under Trump for $30 a barrel.

The moment Biden came to office and cut that pipeline, oil went to 130 US.

I knew exactly what he's going to do.

He wants to create a gap between rich and poor.

And that's revolution.

As you know, it takes that gap to cause revolution.

Division.

Division.

Well, anger.

So America is a very divided, angry country right now.

And they can't figure out what's happening.

You know, why did Biden cut the pipeline?

He didn't have to.

The second thing he did is opened our borders and 10 million people streamed across.

Now fentanyl is going all across America.

And Trump is going to do it.

And Trump is going to do it.

And Trump is going to do it.

And Trump is going to do it.

And Trump is a good friend of mine.

I wrote two books with him.

He gets accused of screwing older women, shall we say.

You know what I mean?

He's a man's man.

And we all know what he's up to.

But Biden's caught sniffing a little girl's hair.

I'm going, watch what a person does, not what they say.

And then-

I've seen that vision, by the way, of him sniffing the young girl's hair.

It was a bit weird.

And not only that, Trump's two sons, Don Jr.

and Eric, are good friends of mine.

They're classy young men.

I hunt with them, you know.

So we're upstate New York with the two Trump boys.

We go into this restaurant.

And they go in back to talk to the Mexican illegals.

They all shake hands.

They say hello and all that.

They're great young men.

And this guy, Hunter Biden, oh, my God, like father, like son, on drugs, porno, and all this stuff.

His laptop goes missing.

Are you fine by that?

Yeah, we can't find it, you know.

So there's so much goofy stuff going on in America.

We're so divided right now.

It's not safe.

It's not good.

Do you think that, I mean, Biden's been not accused, being characterized as someone who's not competent,

mentally competent, probably even physically so, but definitely not mentally competent to run a country.

Do you think that Americans in the election in 2024, this year,

are going to-

Are you going to re-elect him notwithstanding that?

Or do you think that people are going to move away from Biden and perhaps look for somebody else in that?

Maybe not Trump, but somebody else, like cast their vote in another direction, perhaps Kennedy.

Bobby Kennedy.

Where do you think Americans are going?

Because is this Kennedy seeing that there is a gap in this division between the two camps and is running up the middle?

And how big a, not a threat, but how big a threat is he to both Biden,

and to Trump?

Well, Bobby Kennedy is a good man.

He owns, nobody owns him.

And he wrote about this COVID thing and all this, and he wrote against Fauci.

You know, the, those guys are criminals.

Big Pharma runs the world, some of the banks as you know.

So Bobby Kennedy is like his family.

They're not, they can't buy them.

So I like Bobby Kennedy.

It's not Republican or Democrat.

I just want somebody to keep their, you know, actions speak louder than words.

And so Bobby Kennedy took on Big Pharma.

Which is good.

And how do you think he would go?

Is it because Big Pharma is extraordinarily strong in terms of lobby and can create all sorts of havoc for an individual.

Are they, are they going to run him down, like start campaigns against him?

Have they started something against Kennedy?

Like start to attack his character?

My concern, you know, as Stalin said years ago, he says, it's not who votes that counts, it's who counts the votes.

And so that's why Trump was, election was stolen.

I think.

Yeah.

I think it was.

But America is a bad habit of taking out the Kennedys with guns.

So I'm afraid.

There's been quite a few of them that have gone down with being killed.

John and Bobby.

So America is a, I mean, they're messing with power.

And the banking powers, you know, the cartels.

The Federal Reserve Bank is not an American bank.

It's a cartel of the richest banks in the world.

And you know that running a mortgage company.

Yeah.

You don't play their game.

They stomp on you.

So that's my concern.

You know, money is power, like it or not.

Yeah.

So what do we do as, you know, as a voter, as a small, what we, you know, we would all consider ourselves as just one vote out of many millions.

And in the case of you and the US, hundreds of millions.

What do we do about that?

I mean, how do we get fairness and justice?

Or do we just cop it on the chin?

Well, my, everybody has their own idea how to do this.

My idea way back when was educate yourself.

So I created the cashflow board game because I learned, I learned investing, playing Monopoly.

And Maria Montessori, you know, she's one of the great educational entrepreneurs.

She said, what the hand does, the mind remembers.

So in school, I sat there, words went in, one out, you know, just sat, nothing.

But my, and that was my poor dad, lecture, lecture, lecture, lecture, talk.

Whereas my rich dad taught me about investing, playing Monopoly.

Four green houses, red hotel, four green.

So today I own 10,000 rental units and three hotels.

You know, I also invest in Bitcoin.

I use debt and I use all that.

Everything school doesn't teach you.

So when I saw your CV, you know, with mortgages and all that, that's essential.

But you're messing with fire.

You know what I mean?

It's a golden rule.

Who has a goal makes the rule.

Yeah, I know that.

I mean, I quite like taking on the establishment.

I always have.

And my, I have fun.

And with basically like sort of being Robin Hood a little bit, sneaking out in the middle

of the night and taking market share from anybody who's unaware or not paying attention.

The problem is the big organizations pay much more attention today.

And as opposed to say 10, 15 years ago, they're much more aware of people like me and John

Simons from Aussie Homelands and those guys who, to some extent, I wonder who the new

young people are because this takes a lot of energy.

What I was doing takes a lot of energy.

I was in my forties and I still got some energy around it, but it's, it's much harder

and you've got to be much more stealthy and much more, more intelligent about it and require

much more resources than ever in the past because they got massive resources that these

like the depth of their resources, both money wise, but intellectually, but also data.

I mean, their data resources are outrageous what they know about you.

If you're a customer of something.

If you're a customer of somebody, a big bank or a big farmer or a big telco, they know

everything about your life.

Yeah.

They know what you do, where you go, how much you spend, how often, what on, how many Ubers

you arrange, how many times you go to the casino online, casino or gamble, how much

money you draw out of the bank because you can't, there's no cash.

There's no cash in Australia.

85% of transactions in Australia are online.

Well, you see your, your armored car service was going out of business.

Because they don't have to, like cash anymore.

Yeah.

And clubs, like I'm on the board of a lease, we don't, we hardly have any cash.

So we don't.

And because the armored car service is quite expensive for us.

So, you know, we just deal with our own cash.

So, and there's not much anyway.

So, and as this cash disappears, your behaviors, our behaviors become much more available for

others to collect data on.

Where do you see us going with all this stuff, Robert?

Like I'm, I'm, I feel like it's closing in on all of us and we can't stop it.

I mean, this is, Marxism is not only about making sure that no one owns anything.

But in fact, we don't even own our own dignity at some stage.

We will take, we will lose all our privacy.

Correct.

That's part of the, part of the process.

Is there one person sitting, I mean not one person, but is there a group, group of people

sit there planning all this sort of stuff?

Because I, I can't imagine, I can't understand why no one's ever talked about them.

Who are they?

I mean, is it, I mean, who's the people who are getting rid of the cash out of the system?

Is there one person or is it a group of people?

Is there some sort of cult?

How does this operate?

Well, I think it was inevitable, it was going to happen, that money would go crypto.

So that's why, the reason I, I have, I think I have 70 Bitcoin.

I don't know how many I've got in here.

But crypto is good.

I'm talking about when banks won't let you deal in cash.

No, that's what I'm saying.

We should go crypto.

I'm getting off the banking system.

So I own a lot of gold and silver, things like that.

So I don't want anything they can print.

So I own stocks, but at my company, I took them public, and my goal was to take companies public on New York, NASDAQ, and Toronto Stock Exchange.

So I got, I got New York, I got Toronto Stock Exchange.

This summer I go public on NASDAQ.

So it's, I control the paper, but I'm an entrepreneur, you know, that's trained to do this stuff, take control of your life.

So I created the cash flow board game so people can teach people what schools will not teach you.

And if you can control your money, you control your life.

But years ago, I read a book by R.

Buckminster Fuller, it was in 74.

The book was called Grunch of Giants.

Grunch stands for gross universal cash ice.

Simply said, he was saying, your wealth is stolen via your money.

So the harder you work for money, the more tax you pay, inflation, you put it in the bank, inflation steals it.

And fees.

Yeah, fees, all that.

I'm not against it.

I'm saying wake up.

Yeah, so what would you advise, so let's say someone's under 30, it doesn't, I mean, I guess it doesn't matter what age you are, but someone's under 30 and they're getting nervous, you know, they're all saying, should I buy, should I buy Bitcoin today?

I mean, Bitcoin's at record highs at the moment, again.

Should I buy, should I buy these cryptocurrencies?

Should I start to step into these environments?

When do people, when should they invest in these environments?

At the height of the market or is the market going to continue to grow?

Or is it, or should they seek another one, like perhaps they should look at Ethereum or some other currency that's cheaper?

I mean, how do they, should young people approach these markets?

Well, it's very simple.

You've got to choose your education.

You know, if you listen to a financial planner or a super person, they're going to put you in stocks and bonds, and bonds are crashing.

You know, it used to be, and I don't know how it is in Aussie here, but bonds were considered safe.

Today, they're the most dangerous.

There's assets you can put your money into.

And the S&P 500 is at all-time highs.

And my generation, the boomer generation, is getting ready to retire.

So, you know, there's a little cartoon character, Peanuts, with Lucy and Peanuts.

And so, Lucy would hold the football like this, and Charlie Bowen would run up, and she'd pull the ball away.

I think they're going to do that to the boomers.

I wrote a book called Who Stole My Pension?

And written by a friend.

So, economists, they're going to steal our pensions.

They're already stealing it.

So, the American baby boom generation, there's a 50-50 chance, won't retire.

Their houses, you know, all the guys are housed now, most of them.

But homelessness is on the increase.

You know, it's not bad here yet.

But look at San Francisco and most beautiful cities on Earth, very much like Sydney.

People are homeless all over the place.

They can't afford a house.

Is it as bad as, we see it on TV, but is it that bad?

I went to see it myself.

Yeah, it's terrible.

It's spreading all across America.

Except Texas.

Texas.

Everyone's moving to Texas.

Yeah.

Texas and Florida.

Texas and Florida.

So, just on the stock market, and I'd like to get your take on this.

I read some articles recently that were talking about the valuations of American stocks,

particularly some of those ones that are sort of trading in that AI term.

And they're sort of saying, this article, actually it was in The Economist,

but it's sort of indicating that it's just not possible to grow from here at the same rate

or anywhere near the rate that it has grown in the past.

And that the people are buying, paying prices today based on future outcomes.

And it only, all it, you know, if I want to be a naysayer, perhaps a stock pessimist,

would just call me a naysayer, then I would be shorting the market.

In other words, I'd be selling stocks because it just can't continue to grow at the rate

it's been growing.

But on the flip side of it, it just keeps growing.

I don't understand it.

I don't play in the American market in particular.

Why, what's going on?

Is it people just got this fever, I better buy, and they have no idea what they're buying

and they're just getting convinced?

Well, there's no financial education in America.

You know, you look at our leaders, you know, most of the people who run our Federal Reserve

Bank and our government, they're PhDs, like my poor dad.

Poor PhD stands for poor, helpless, and desperate.

Look at this guy Bernanke, you know what I mean?

He was the Fed chairman when it crashed.

He dropped interest rates to zero and printed trillions.

So today, America's in this huge bubble, this cash sitting everywhere.

And the stock market's in a bubble, real estate's in a bubble, and all this.

How much longer can it go?

Well, today, America's the number one debtor nation in the world.

Every 90 days, they're printing another trillion dollars to cover the shortfall.

And they're issuing it as debt.

Yeah, they're printing more money because our taxes don't cover our expenses.

They're printing a trillion dollars every 90 days.

Wow.

And there's still no financial education.

And then you look at China, Evergrande went down and Market Garden went down.

China's going bankrupt.

And so is Germany.

So as I say, when America sneezes, Aussie gets pneumonia.

And so we're the lucky country, but the world is caving in around you guys.

So that's the spooky part.

So that's why I say to everybody, buy some silver.

You know, silver's about 20 bucks.

Used to be 50 US.

And then I like Bitcoin because Bitcoin gets stronger, dollar gets weaker.

This is a correlation.

Yeah.

That's so I own like, I think $6.

60 Bitcoin or something, not much, but, you know, I was buying it at 6,000.

Wow.

And you're sitting on a nice profit now.

Well, it's better that than losing it, you know.

No, but given that you're sitting on a profit, I mean, would you consider cashing it in and your profit, taking your profit off the table now?

Well, you're a banker.

I borrow against assets.

Can you and can you borrow against your Bitcoin?

Of course I can.

Yeah.

That's not something that is, is taken, has taken on.

Yeah.

Taken on here in Australia at this stage.

But it is to come that you should be able to borrow against your Bitcoin because this is an asset.

I mean, there might be an issue around what the leverage is, but it doesn't matter because of the volatility of the pricing.

But you should be able to borrow against your Bitcoin.

Bitcoin here is, hasn't really taken off as a, as a, with merchants.

How, how prevalent is merchants in making Bitcoin available or any of the cryptos available in terms of transactions?

Well, Bitcoin is.

You know, people's money.

I say gold and silver are God's money because God put it here, but Bitcoin is people's money.

That's the blockchain technology and blockchain technology is basically a ledger, you know, a financial statement.

And that's why the, I think Aussie will probably come up with his own central bank digital.

Yeah.

And I'm afraid there, I don't have any proof of this, but they'll use central bank money to surveil you.

That's what China does.

So they know what you're spending your money on.

If you, if you're buying too many drugs, they'll come after you doing this.

So they're going to use our money as a surveillance tool.

I'm afraid of that.

So that's why I own tons of silver coins.

So if push comes to a shove, I'll come pay you in silver.

The actual physical silver coins.

Yeah.

Like the old days when people used to buy Krugerrands.

Correct.

Correct.

The old gold Krugerrands.

I'll tell you a story.

I was flying, I was a pilot in Vietnam and then it was in 72.

And Nixon took the dollar off the gold standard.

So my rich dad said, watch out, the world's going to change.

So I said, how's it going to change?

So I flew behind enemy lines.

Marine, Marines are not the brightest guys on earth.

I flew behind enemy lines to a gold, you know, I was reading the map of Vietnam.

It's a pick and shovel AU gold, like Aussie gold, you know.

I said, well, let's go behind, let's go buy some gold.

He said, yeah, but it's enemy lines.

He says, we'll be in and out very quick.

So.

My co-pilot and I, we're not smart guys.

We walk up to the gold window.

We're in a village, you know, people are staring, what the hell are these guys doing here?

I don't think they know.

We disarmed, no weapons, walked in.

So we come as capitalists, not Marines, you know.

I'm talking to this little Vietnamese woman with red teeth.

And I think gold was, let's say, $50.

I tried to give her a 30 for it.

And she looked at me and went, spot.

I said, 30, spot.

I didn't know what spot meant.

I said, I got a spot on my shirt.

And she was talking about gold is the same price throughout the world.

That little Vietnamese woman, I don't think she went to Harvard.

And then she was none of these available.

Yeah.

And she was telling me, she was teaching me the best lessons of all.

So we came home empty handed.

And I flew then to Hong Kong.

And I bought my first gold ran, gold was a Krugerrand.

50 bucks I paid for it.

I still have that Krugerrand today.

Oh, wow.

And it's now worth $2,200.

$2,200.

So the Krugerrand didn't change in size, but the dollar came down, you know.

It's funny.

This is not an old discussion.

This is not a new discussion, I should say.

This is an old discussion.

Because if we go back to the 1890s, when the US suffered a big, well, just prior to that

and in early part of the 1890s, the world has suffered a depression, but the US suffered

the biggest depression that they had.

It was the biggest depression in the United States, but greater than the 1930s.

And a bloke called Frank Bohm wrote a book, and it was called The Wizard of Oz.

And that's a very good description.

Yes.

And the Oz, of course, was about an ounce of gold.

And the big argument, because there was an election on, the big argument at the time

was, should we have the silver standard or the gold standard?

And of course, Dorothy had silver shoes originally.

They only got made at a Technicolor when they made the movie, but original shoes were silver.

And it was her silver shoes bouncing on the gold road, the yellow brick road.

The gold standard.

And of course, the Emerald City was the paperback.

And the big argument around then was, what should it be?

And should we have this paper money?

Is it useless?

This is what government prints and makes.

It's just promissory notes made by government.

We promise to pay your honor.

And the big argument was, stuff all that.

We should go back to silver coins and gold coins, because people who worked on the railways

got paid silver dollars.

And unfortunately, the silver price went down.

And that was a big issue.

But that argument, this discussion that we're now having, is not a new discussion.

It's an old discussion.

And everybody gets nervous today.

Oh, this is a conspiracy theory.

No, this is real.

This has happened before.

And it's not a new thing.

And we're all been getting stitched up by governments and narratives coming from various

media outlets, et cetera, about which way they want us to go.

And as I said earlier, this is...

In the end, governments always win, unfortunately.

They always win.

So all we can do as individuals is set ourselves up so we don't get ripped off.

And I think part of your thesis there, therefore, is educate yourself.

Yes.

Because school's not going to teach you this.

No one's going to tell you this.

So as part of your visit to Australia...

By the way, someone told me, sadly, this is your last visit to Australia.

I'm an old man, so this is a long trip.

Come on, Robert.

Nah.

Yeah.

I'm sure you'll come back.

But in this visit...

Are you...

Is your...

Let's call it roadshow.

Are you espousing this very thesis?

Again, I created the cash flow board game because I learned everything playing Monopoly.

Yep.

And Maria Montessori, a great educational entrepreneur, says,

what the hand does, the mind remembers.

So by playing the cash flow board game, you actually fill out a financial statement.

And your financial statement is what your banker wants to see.

Your banker doesn't care what your report card says.

So I can borrow.

I can borrow a lot of money because I have strong financials, as you know.

If I have bad financials, give me a credit card.

Yeah.

And I'll charge you more.

Yeah.

It's a person got to take care of their...

This is your greatest asset, your greatest liability.

And so I'm out here to encourage...

Because Aussie has been most...

I've been coming here since 72.

Wow.

I came out here to play rugby union, you know.

Lost every game, but I loved it here.

And it's a great country.

It is a lucky country.

And so today I was speaking at Randwick.

And I was saying, get a board game, teach yourself, play it 10 times and teach 10 people.

Aussie can change the world.

It's a small, powerful, lucky country.

Or you can wait for school to teach you something.

The cash flow board game is called the cash flow board game.

That's what it's called.

Because you know that's the most important...

Two most important words in business.

Cash flow is totally...

Which way is it flowing?

In or out?

You want it flowing in.

We've got more coming in than going out.

That's for sure.

And it's about net cash flow.

But the...

So the cash flow board game, it's a game that you invented?

Yeah, yeah.

It's your game.

Yeah.

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But for now, just relax.

Can I just tap into your intellect around?

Just relax.

You're not going to be able to take this off your chest.

That's right.

Just relax.

Now, I know you're a friend of Trump's.

You've done things together.

You've collaborated, et cetera, on books, et cetera.

I've met him on a couple of occasions.

And we talked about the division in the United States.

Is the division such that if either one of either Biden or Trump wins the election,

presidential position, is it going to be such that neither one will have a proper mandate

and can do nothing?

In other words,

you know, like they become hamstrung.

Either the Senate won't pass anything that the lower house

or the Congress passes or the Congress won't agree

with anything that the Senate proposes.

Is that a potential to just maintain the division no matter who wins?

Well, I think the problem with Trump, he's got guts, you know.

He definitely does.

And he stepped on a lot of toes.

Bankers, they don't like him.

So as I said, you know, Bobby Kennedy and John Kennedy,

they got taken out.

So even if he's elected, his life is more in danger then.

Like I said, his two sons and I are really good friends.

And they got balls, you know.

They speak out.

They work for the people.

As I said, you know, I know the Trump boys.

I watch what they do.

So just watch what a person does, not what they say.

So I know them personally, and I wouldn't say this if it wasn't true.

I've spent weeks, and I don't mean a week of the hunting

on a private island.

No water, no toilets, nothing.

Those boys ask no quarter.

You know, they go in the woods, and they fish,

and we have to catch our own food.

They're tough young men, very good young men.

Do you think there's room for one of those two boys

to take up the role in relation to that side of politics?

I won't call it Republicans, but that side of politics

because, you know, as you say, Donald is,

you know, he's got so many things against him.

I mean, even if he does win, it's still going to be a tough gig,

a really tough gig.

Yeah.

And they're not going to stop coming after him.

Correct.

It's already started.

It's one of those things you sort of can't stop

unless he pardons himself on everything.

Do you think one of those two boys might take up the baton?

Well, politics is a dirty game.

I wouldn't wish it on anybody.

Yeah.

You know, I just give them credit for being the spotlight,

the limelight, you know.

I talk to them occasionally.

I run into the boys.

I just give them credit.

I've got guts, you know.

It's hard to stand up to the banking system, as you know.

But, Robert, I often look at Donald Trump and I think to myself,

I don't know how many charges and how many cases he's got against him,

but there's a lot.

And then they've got this one where they're trying to take

half a billion dollars off him in cash,

like as a surety against his appeal.

Yeah.

Yeah.

And how does he keep going?

I don't know him well enough to answer that question,

so I thought maybe I'd get some insights because I don't know.

I just don't know where he gets the guts to keep doing what he does.

Why is he so driven?

What is it?

Does he actually – is it because he's so driven to save America?

Is that what it is?

I've written two books with the guy.

Okay.

I spent about – a total of about eight weeks working with him,

his company, the Trump Organization, really good people.

But when they weaponize the FBI and the court system against the man,

that's fascism.

You know, they take our court system and go after him.

That's fascism.

So America's in serious, serious trouble, serious trouble.

And that's my concern.

Is he's game to try and change that, though?

Well, that's why he got taken out, you know.

He's not going to drain the swamp.

He's talking about – you know,

the central banks, the swamp.

They're all in cahoots.

But I feel as though – just the sense I get is that Trump's on his own.

I've got a feeling Biden's not doing much at all,

but there's a massive machine sitting behind him, well-organized, politically, et cetera.

And I just have this feeling that Trump's sort of there by himself

and he's sort of carrying the whole burden on his own shoulders.

I just don't feel as though he has – I don't know if it's true or not,

but it doesn't seem like he's got the same machine sitting behind him.

Other than those people who want to vote for him.

Right.

But I mean the machine between him and those people.

It doesn't feel as though that's the same as the Democrats have.

And that machine looks like it's going to run him down.

The Democrats' machine looks – the liberal machine looks like it's going to run him out of town.

Right.

That's the gut feeling I have sitting here in Australia.

And –

I would say you're accurate.

So what is there – what hope is there for the US?

Well –

I always say, you know, like, put yourself on your own gold standard or silver standard.

Educate yourself.

We're going in for a rough ride.

Let me say it again.

China is in serious financial trouble.

America is the biggest debtor nation in the world, printing $1 trillion every 90 days.

Germany is in bankruptcy.

So Aussie is going to – the lucky country.

So you're sheltered a bit.

But as you know, China is your largest trading partner.

And so it's –

it's important – imperative that every Aussie educate themselves to protect themselves.

But if you're hoping the government's going to save you, then you're in trouble.

It's funny.

I had – in 2016, I sat opposite Trump and I interviewed him.

And this is before any presidential aspirations.

I think he was 16, might have been 15, whatever.

Yeah.

And he said to me,

one of the things –

one of the things he's concerned about is Australia's trading relationship with China.

Yeah.

And he said to me – and I, at the time, naively said,

well, yeah, but they're our biggest trading partner.

We shouldn't upset them sort of thing.

He said, let me tell you something.

He said, yeah, they'll take all your iron ore and everything else that you're selling,

coal, et cetera, that you're selling to them.

He said, but ultimately, you'll end up owing them something.

Yep.

Owing them something.

He said, like we are in the United States.

In the United States.

You've got to do something about that.

That's what you've got to do something about.

And it's interesting, your words to me just then,

because the biggest owner of the debt in the United States,

it gets issued on all these months, as you were talking about.

Bonds.

Bonds.

Is China.

Yep.

And Japan.

And Japan.

They hold the greatest amount of debt.

Which Mary grows.

Yep.

It's funny when you say that to me.

I just have a memory.

I have a memory of what Trump told me.

And I thought to myself at the time, what he said was quite out there.

Today, I would say it's quite courageous, but sort of accurate.

And what you're saying is effectively endorsing what he said back in 2016.

Now, it's all come to roost now.

Yep.

It's four and four, eight years later, it's all come to roost.

Yep.

We now have this problem.

Yep.

And America's, China's falling apart.

Yep.

To economically as well.

Yep.

So it sounds like we could be in globally in for some other crisis.

Correct.

What it's called, I don't know.

It won't be a GFC.

It won't be a financial, well, maybe a financial crisis.

Who knows?

Because the value of their paper, the Chinese paper that it holds in relation to American

debt.

Correct.

Is not worth anywhere near what it was issued at.

Correct.

And China needs as much as they can possibly get.

Yep.

Because other, they've got a bit of a few problems internally themselves.

Are you sort of predicting, not predicting, but sort of suggesting there could be a crisis

on its way?

There is one.

We're in it right now.

We're in it now.

Well, Xi, you know, what is, he says, his mandate is going to take Taiwan back.

So create a war.

Solve the problem.

Yeah.

He says before, you know, that's, that's like Trump saying, I'm going to take Taiwan back.

That's war, you know.

And so what's going on in Ukraine and all this?

It's terrible.

I mean, I hate war.

I hate war.

I hate war.

I hate war.

I hate war.

I hate war.

I hate war.

I hate war.

I just hate it.

I fought twice in Vietnam, killed a lot of people.

But it's about money, as you know.

You know, like I said, it's a very dangerous time on Earth.

So it's important that everybody take responsibility for yourselves financially.

Not expect the government to take care of you.

So I go around saying, put yourself on your own gold standard.

Put yourself on your own silver standard.

You know, save gold, silver, or Bitcoin.

And protect yourself now with it, your brain, you know.

But don't expect the government to take care of you.

Ossie is the lucky country, but you sit behind these superpowers going to war, and it's spooky.

Do you think, do you think war is inevitable?

Well, historically, yes.

See, what brought Hitler to power was the Weimar Republic when World War I, and they

made, they made Germany pay reparations.

So Germany went bankrupt.

Hitler came to power.

So every time there's chaos, a dictator comes to power.

So that was fascist, that was Mussolini and Hitler.

So it's, these are not normal times.

But I don't know.

I mean, I was just prepare.

Yeah.

I mean, I, what you were saying, economically prepare.

We're not, you're not, you're not sort of suggesting be a doomsdayer and go and build

a, hunker down and build a vault underneath your house and fill it up with cans of baked

beans and water, et cetera.

Just watch.

Exactly.

I mean, you, you're in the banking business, 2019, the repo market collapsed.

That's, that's where the banks go to borrow money.

It collapsed.

And then suddenly COVID appeared.

I went, oh, is this an accident?

It's interesting.

Interesting.

I never thought about that.

Interesting.

Cause you, I got, watch this stuff.

Is there a coincidence?

So just, I might explain to our audience what a repo market means in terms of Australia,

at least.

It means if, if I'm a bank and I've got mortgage assets, I normally can go and, you know, I'm,

you know, I've got, you know, I've got, you know, I've got, you know, I've got, you know,

I normally can go and if I got, yeah, if I'm, I'm lending, if I got a pool of mortgages,

which are my assets and I've got liabilities where I've borrowed money as from depositors

on the other side, if I'm a bank, repo means that I can go to the government, the government

will buy my mortgages off me for the face value of the mortgage.

So if I lend a Robert a hundred thousand dollars and there's 10,000 of Roberts in my pool and

I need some cash to lend more money to more Roberts, but I'm running out of cash cause

I'm a bank and I haven't, cause I'm not receiving the deposits.

Correct.

So I go to the government and the government runs a repo program where they will take my

mortgages off me.

In your case, they put them in a Fannie Mae, Freddie Mac in the US, in Australia, we don't

have that system, but they'll still buy them off us and they'll give us cash for it as

the bank.

And then we're going to lend some more money.

And the repo market you were saying prior in 2019, prior to COVID collapsed, well, it

didn't collapse, but yes, went down.

It wasn't, so it wasn't as much liquidity in the system to liquidity being money available

for the banking system.

Right.

And what you just said to me is really interesting because when COVID hit in our country, March,

within four months, our central bank here cut a check of $190 billion to our banking

system.

They said banks, not non-banks like me, but to banks, here's $190 billion, we'll give

you to a 0.1 of a, to you at 0.1 of a percent.

True.

And the bank went, fixed for three years.

Yeah.

Go lend it.

Yeah.

And that, and of course that created inflation and the bubble.

Yeah, bubble, yeah.

The, the property market bubble, it just went off.

And then of course last year the government said, well, we want that repay because the

three years is up, 2023.

Yeah.

And it does not exactly on that day, but from 2023 due to, based on drawdown dates.

And now the banks are raising money at 6%.

Yeah.

Yeah.

And our interest rates are higher.

So the, you know, who's suffering?

The consumer.

The average guy.

Yeah.

The guy borrowed money, that money he borrowed at 2% from 1.99%, it's a record low fixed

rate for six, fixed for three years, all of a sudden he's gone from fixed 1.99, now he's

paying 7%.

Our consumers are paying for this.

The banks are making the same amount of profit as they've always made.

Yep.

They're just charging the borrower more.

Yep.

And the way forward was, well, our central bank said, well, inflation is really high,

it's really bad.

We don't like high inflation.

So and you, consumers, you caused it.

You caused high inflation.

So we're going to put interest rates up.

Yep.

And the banks said, we're not responsible, the Reserve Bank, the central banks put the

interest rate, we just put the interest rate up as they go along.

And now the consumer's bearing the risk of this.

You know, it's really interesting.

I remember Milton Friedman, not many people, you would remember him, but not many people

remember him.

I remember watching him in the 90s.

And it's up on YouTube.

These days, Friedman, he says, consumers never create inflation.

Governments do.

Correct.

They print money.

Never.

They print money.

And they make it available for liquidity.

For the rich.

Yeah.

And the only people make money out of that is the rich people at the end of the day.

And then if you get in trouble, they bail out the rich.

Yeah.

And the Aussie bloke gets penalized.

The rich people buy and bail themselves out by influencing the government to do the bail.

So.

That's the premise of your book, though.

Yes.

I think what you're sort of saying is, be like the rich guys.

Yeah.

Think like my rich dad, not my poor dad.

Think like the rich guy.

The rich dad.

Yeah.

Like, learn from the rich dad.

And I think what you're sort of saying here, and it's quite compelling, but you're saying

there's no point fighting against the machine.

I mean, you can, you know, you can storm the White House or whatever you want to do, but

that's not going to do anything at the end of the day.

No.

It's going to close you down.

Yeah.

Just like it might close Donald Trump down or make it really difficult for him.

I mean, God bless the guy.

Like he's so tough.

I mean, I wouldn't be able to handle that.

I would have gone, I'm out.

I would have hung my gloves up.

Yeah.

But you can fight against the machine if you want to, and you can argue against it, and

you can put up posts on your Instagram and talk about the conspiracy and, you know, you

know.

But at the end of the day, forget about it.

Just think like the other mob.

Join.

You sort of join them.

Yeah.

And be quite thoughtful.

Educate yourself.

Educate yourself.

Right.

And probably, would you say, act upon it as well?

Yes.

Where do you get the, where do people get the courage to, once they educate themselves,

to actually go and do the things that you're talking about?

Well, it's easier to do something for other people.

Like create the cash flow board game.

Yep.

Learn it, play it 10 times, and then teach other people.

Give and you shall receive.

When you do it for other people, stuff comes in.

But if you're just taking for yourself.

Yeah.

Who cares?

You know.

You're greedy.

And that's a big, big difference there.

Aussie is the lucky country.

Don't fuck it up.

You know what I mean?

Yeah.

Totally.

Just.

Well, that's what Trump said to me.

Yeah.

Don't fuck it up.

Yeah.

I thought he's been a bit extreme in 2016, but it's actually come to be true now.

And when, if you think about, you know, COVID, you know, Fauci, the whole COVID thing.

In Australia.

I don't know if we were our Australian.

Yeah.

When legislators and government were covertly involved in what was going on, just I think

we probably follow what was going on in the United States.

It's big pharma, big pharmaceutical companies.

They influence the program.

Of course.

It's bankers, pharmaceutical, you know, those guys.

You guys have an inquiry in America, as we are here in Australia, about the vaccines,

like the effects of the vaccines.

Yeah.

You argue.

And it's because some of the findings are here.

It's terrible.

Horrendous.

It's not getting any airtime.

I don't understand it.

There's no airtime.

No one's talking about it.

I mean, we might see it on Sky News, on Ruben Murdoch's channel here, but we don't see it

anywhere else.

No.

Why do you think that is?

Pharma.

Big business.

I remember I had to travel, I had to get a vaccine.

I refused to.

So I just found a doctor.

I paid him $500.

He put the vaccine in his thing and said, thank you.

Bye.

And you got the certificate.

Got the certificate.

I'm not that stupid.

You know what I mean?

I'll cheat.

But I don't.

It's my body they're putting stuff into.

Just the schools put ideas in your head.

One more thing is when we talk about the repo market, it's very simple.

It's like the pawn shop for banks.

Yeah.

Exactly right.

Very, very, very simple.

So when that went down, COVID appeared, I went, oh my God, is that an accident or is

it intentional?

And I don't know.

I don't have an answer to that.

But there's too many coincidences.

And so that's why I wrote Rich Dad, Poor Dad in 97.

The cash flow board game came up in 96.

And if we don't educate ourselves, then shame on us.

But schools will not do it because schools are complicit with the banks.

Why do you think that is?

Why do you think-

They're Marxist.

I mean-

That's where they start from.

I read the Communist Man of Festo in 65 and went to military school and went, oh my God.

You know?

They made two predictions.

1930, they were going to take over the school system, which they did.

And then they would take our elections.

They did.

And that would be Trump's position today.

Your last election that he lost.

And I respect the freedom of choice.

You can be a Marxist, you can be a capitalist, but without financial education, as you know

in the banking industry, if you don't have any financial education, you can't be a capitalist.

And you can't make a proper decision either.

Correct.

You don't know what to do.

Correct.

Because I mean, the Marxist position is very romantic.

Oh, yes.

It's-

Abolition of private property, labor unions, taxation-

Fairness.

Fairness.

Equality.

Progressive tax system, who tax the rich to look after the poor.

It's like Robin Hood.

It's sort of very, it's sort of like a romantic thing.

It's a theme.

But the reality is-

We're not all equal and we don't all earn the same amount of money.

None of us are prepared to work as hard as the next person or even as not as hard as

the person-

Everybody's got to be equal.

Yeah.

But nobody's equal.

And what's even worse in America, I don't know how it is here, they're encouraging boys

to become girls.

I'm going, what's wrong with you guys?

Yeah.

We're getting the same issue here.

And girls to become boys.

Yeah.

And it's sort of okay if that's how they're born or whatever.

But no one needs to encourage it.

No one needs to say, bring it on because young kids are not in a position to make decisions

I don't feel.

When I was a kid, right, sex education was Playboy.

You know what I mean?

Today they got hardcore porn on their iPhone.

They more about sex than you and I ever will.

Yeah.

Totally.

And then I had to find it quicker than I will or you will.

And it's funny, when I was a kid, there was a magazine in Australia called Ribald and

it wasn't, it was a paper, sort of a paper magazine, it wasn't glossy like Playboy.

And there was a newsagent, I won't name the area, but where I went to school out in the

western suburbs of Sydney, which is sort of a little bit rough out there.

And there was one guy in our school who used to go and steal this Ribald every week.

And then we'd all be waiting for him in the library.

That was sex education, right?

That was sex education.

He would get passed around the library.

Yeah.

And his library sort of stalls a little everywhere and he'd be sitting there like, when's he

finished with it?

When's he going to send it over to me?

So Ribald was like the thing.

And you're right, that's where we got our sex education, you wouldn't get it from mum

and dad.

There was none of these iPads and there was nothing electronic.

And it was, he grew up a certain way and that was it.

Now maybe, I mean, I know there's going to be exceptions to this, don't get me wrong.

There will be exceptions to this.

Some kids are born a certain way and that's okay.

They make the choice.

But I want people, I agree.

I would like to make sure that education institutions are making the decisions for

these kids.

Yeah.

It's the kids making the decisions for themselves at a time when they're equipped to make the

decision.

Right.

And it's the parent's duty.

Correct.

It's not the school's duty.

Correct.

Amen.

Amen, brother.

It's for the mum and dad in relation to their kids.

They can influence a child.

Yeah.

And kids, and hopefully parents have a better, good enough relationship with the kid that

the kid can talk to the parents, the parent can talk to the kid in a, you know, nice neutral

way.

But for me, for, for, you know, I got grandkids and for my grandkids, the thought of the fact

that my grandkids might go to school and some of them might influence any one of my grandsons

to choose a different sex for themselves really pisses me off.

Yeah.

Like it gets the very, maybe I'm too old, I don't know, but it just pisses me off.

I mean, I, and I don't like it.

I don't like it at all.

And I, sometimes I, I, I, and I guess it's happening.

Right.

But I feel helpless about this stuff because they're there every day all day with them.

And my only way to influence this is to somehow combat that.

And I don't know how the hell you combat that other than send them to a different school

where I know the ethics of the school is different to the ethics of the school they might be

at now.

Yeah.

And I'm lucky mine, I've only got one, one of my grandkids at school and the others are

just too little.

But it's all of a sudden in Australia, at least in New South Wales, private Catholic schools.

Yeah.

Private Catholic schools have popped up everywhere and have huge demand, they're not expensive

schools, but a huge demand for kids to be enrolled, even if they're not Catholic, they

could be Muslim.

Right.

Jewish, doesn't matter.

Yeah.

Because parents are seeing this.

Yeah.

As a better way.

Correct.

To keep them from being influenced from the government style schools.

Correct.

And that's a bother to me.

We live in this system.

I mean, is this, is this something going on in America?

The school system is the enemy now.

Yeah.

I hate to say that, but I'm going, that was my poor dad.

They're good people.

Yeah.

Yeah.

Do you know what I mean?

But they got too far the other side.

Yeah.

You're right.

They are, they're genuine.

They're genuine about what they believe in.

Right.

But the system is, is institutionalizing the kids that go into it.

And that's the part I don't like.

And we sort of don't have a choice.

If you're a kid whose parents got no money, you can't afford to send this kid to a private

school.

Correct.

Or her into the system.

Correct.

Got it.

And then, then your sort of, your kid will turn out as a, a factor of the product of

the system.

Correct.

And that's sort of unfair for the kid.

Correct.

But that's why in 96 they created the board game so parents could teach their kids at

home.

So the cashflow board game is for kids as well?

That's kids and adults.

Yeah.

And is it, is it?

All it teaches is a financial statement.

Income expense, asset liability, statement of capital.

If that's your report card when you grow up, that's your grade point average.

It's funny, you know, when, when I, when I went into business with Kerry Packer and it's

sort of, he's quite a well-known Australian guy many, many years ago when I had the wizard

business, I used to, Kerry would say, I want you to bring in the financial accounts of

the business.

We're 50, 50 in this business.

He said, bring the accounts every month and I want to go through them.

So the first time I went there and we had, you know, accounts EBITDA and all that, he

said, son.

Yeah.

He said, I want you to tell me, don't even show up to me, I want you to tell me how much

money came in this month, how much money went out, how much we got in the bank.

Do we owe money to anyone?

And are we, and is anyone owed money to us?

Like, and how long have they owed us the money?

So like a debtor's ledger, aged 60, 90, 30, 60, 90, creditors ledger, who do we owe money

to?

Cause he didn't want me to like, dud him.

And then how much money came in?

It came in and out.

He said, pretty simple.

Yeah.

I don't care about all that stuff.

Yeah.

Don't give me all that fancy crap, EBITDAs and multiples and blah, blah, blah.

Just tell me how much dough came in the joint.

Yeah.

And that was a big lesson for me.

And I actually, so I went off many years later and I, I wrote a little playbook for how you

run your financial, the financials in your business, your monthly management meeting.

Money in, money out, what's owed and what we owe.

End of story.

Oh, by the way, just check the bank rec to make sure the amount of money in the bank

is what we should have.

In other words, no one's nicking it.

No one's stealing money from us.

Pretty simple stuff, isn't it?

Yep.

And the cashflow game, the cashflow board game is teaching kids really simple stuff.

Yeah.

Cause credit cards and-

As my rich dad taught me, it says your banker never asks you for your report card.

Yeah.

Your bank wants to see your financials.

I don't think what financial literacy is, do you speak the language of money?

So when I hear guys throwing on EBITDA and this and this, I go, no, it says how much

money is coming in?

How much money is going out?

What's an asset?

Assets put money in your pocket, liabilities take money from your pocket.

If you change your vocabulary, you change your life.

That's how powerful words are, but they don't teach you the language of money.

So that's why I created the cashflow board game.

Rich dad, poor dad, assets, liabilities, taxes, they don't teach you taxes at school.

And Trump and I don't pay taxes legally, the same as this country.

If you know what you're doing, you don't have to pay taxes.

See, the more debt I use, debt became more important to me.

Yeah.

Yeah.

Debt became money in 71 when Nixon took the dollar off the gold standard.

The more debt I use, the more tax breaks I get.

Yeah.

Why?

Because if you and I don't borrow money, as you know, the economy crashes.

So we have to have people borrowing money for the economy to keep growing.

So that's why they keep raising interest rates.

People can't borrow money.

Meanwhile, your population's increasing.

People can't afford to live here now.

I mean, it's making the news in America.

Really?

How expensive Aussie real estate is.

Wow, that's a bother.

See, we're a small population, relatively speaking.

Yeah.

Like house prices have absolutely skyrocketed in Australia.

If you're trying to rent a property in Australia, like you're on the rental game, you can line

up for three hours and not even get to inspect a place.

Yeah.

And we just got such a massive shortage of real estate.

Yeah.

And you know, I think to myself, it's funny.

I thought to myself, this is an interesting...

Yeah.

I mean, I think to myself, this is an interesting...

Yeah.

I mean, governments aren't dumb.

They allow hundreds and hundreds of thousands of people to come into the country to fill

so-called shortage of skilled labor, but at the same time, they don't create more real

estate for them to live in.

Why is that the case?

I mean, why would they do that?

Why wouldn't they have said, well, where's everybody going to live?

It's a pretty obvious question.

Where are these millions of people who are coming in over the next couple of years, where

are they going to live?

Yeah.

I mean, to build a house in Australia, to build houses in Australia, it takes ages.

Yeah.

You have to get approvals and you've got to build it, the builder's got to get financed.

It's just a process here in Australia, it's very difficult.

And I understand because I own rental property here.

I used to.

Bondi Junction and Rushcutters Bay and all that.

Good territory.

Yeah.

I don't know.

I just, I buy them, you know, and somebody manages them.

I wish I'd never sold them.

It's a mistake.

Because we have such a shortage.

Yeah.

And it's great property.

That's crazy that it's being talked about in the US.

Yeah.

Like you mean in the-

It makes the news.

It makes the news.

Yeah.

Well, that's a real worry for us.

Yeah.

And is this, is, do you think that, is there any solution that you've seen anywhere around

the world that can solve these shortages, apart from just building stuff?

Well, I think it's up to every individual to take control of their own finances.

Yeah.

It's up to every individual to take control of their own financial statement.

And don't expect the government to take care of you.

Yeah.

And I think that's very liberal, which is kind.

But, you know, I was taught, you teach a man a fish, you feed him for life.

Give a man a fish, you feed him for a day.

And socialism wants to give people fish.

It makes the problem bigger and worse.

Instead of teaching them how to fish.

Yeah.

That's very interesting.

So that's where the cashflow board game was all that.

How do you manage a financial statement?

Your financial statement is your report.

It's your report.

It's your report.

It's your report.

It's your report.

It's your report.

It's your report.

It's your report.

It's your report.

That's what you give them.

It's your report.

It's your report.

You send them what?

You send them a fish.

You sell them a fish.

Yeah.

It's fish.

It's fish.

It's fish.

Yep.

That's really interesting.

So, that's why the cashflow board game was all that.

How do you manage a financial statement?

Your financial statement's your report card when you leave school.

So, basically I think the lesson I'm getting out of this whole discussion with the legend

Robert Kiyosaki is this.

If you're a parent or a grandparent, in my case, get this cashflow board game-

Teacher.

And start getting it into their heads early.

Yep.

And might be competing with other people.

Yeah.

sort of um indoctrinations correct but it doesn't matter at least they're in a position down the

track to make a call on what suits them best yeah i always remember what maria montessori

said in the montessori school some great system we've got a few maddie yeah what the hand does

the mind remembers so you can't learn to play golf reading a book do you know yeah so the more you

play the game you play the game 10 times and you teach 10 people your brain will change that's very

interesting because i'm like that when i come down to when it comes to memory unless i write

things down can't remember i don't remember anything i have to write stuff down and by

the way these things don't work in that environment because you read them they've got no you've got no

way to write anything unless you've got a piece of paper on the side you're writing notes

what the hand does mine remembers yes it's interesting like my father used to always say

kids don't do what they're told they do what they see yeah

you know

watch your dad right what what's dad doing nobody's telling you to do what's he actually

doing physically what's that up to and i and i think that that's always been a very powerful

thing to me some of the greatest lessons i got out of life in relation to what my father and

my mother did for me is what i saw them do i know it took me 30 40 years to work that out

that's what i saw them do it's not what i heard them tell me to do in fact they didn't tell me

much to do i and people often say to me oh who taught you i just watched my parents work

hard you know invest well pay taxes yeah i don't like that part but yeah pay taxes work hard invest

well my parents would be into investment and entrepreneurialism and take risks that's

they're your teachers take good risks yeah know what your risk is understand the marketplace but

take risks yeah well robert kiyosaki i hope i actually really do hope that

you do come back to australia well thank you and i hope that uh we can share a coffee or something like that.

or a conversation another time down the track thanks very much for your forthrightness well

thank you and thanks for thanks for doing these sorts of things like rich dad poor dad and

giving a gift to us in australia right about a way to think yeah thanks very much teach like think

like a rich person like a capitalist yeah give yourself a half a chance correct and teach your

kids yeah and and by the way you pay it forward to your kids okay that's a big deal yeah australia can

australia can change the world because only a few people here it's a rich country it's a lucky

country but unfortunately academic system is marxist a lot of your leaders are marxist as you know

currently it's a very trying time throughout the world economy china's in trouble germany's

in trouble america's in trouble and and we're not in trouble at this stage but if we're not careful

we could be yeah and look after your own backyard correct but look after your own corners and this is

your greatest asset or liability right here totally the way you think thanks robert thank you

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