Robert Kiyosaki: It's a tale of two Americas

You know, a roller coaster ride, but it’s one that Robert Kiyosaki says is well worth it. The the Rich dad, Rich Dad Company Co founder joins us right now. Rich Dad, Poor Dad, of course talks about the philosophy, the way you think about the world and and and investment money. And there’s a big difference between the rich dad and the poor dad. Anyway, Robert is filthy rich himself so he’s here to impart with some wisdom. Robert always good seeing you. What? What do you think right now? Because you’re optimistic. I know you think it’s going to eventually hit, you know, 100,000, but but explain what, what’s going to drive that? Well Neil, as all those, you know, thank you for all the years you’ve had me on your program. But you and I’ve been concerned about the two things. It’s a tale of two Americas. You know the haves and the have nots. And just last week coincidentally Fed Chairman Powell finally stopped lying to us. He finally says they have inflation is here to stay. So Powell finally admitted that, you know, this transitory or the 2% target was not makeable. They couldn’t do it. So he finally says inflation is not going to be 6, seven, 8%. And I feel for the people, you know, if I go to Costco today, I don’t know how they afford to live with food and fuel and wages not keeping up. So it’s a tale of two Americas. That’s what I’m concerned about. So when you’re concerned about, then obviously you you seek out, you know, a lot of commodities, you know, metals, silver. I know you’ve had a good goal. Where does Bitcoin fit into that or cryptos in general, if they’re part of that, right? Let me real quick. This is called Fiat. You know, it’s also fake money. And this here is a silver dollar US and this here is a silver, I mean a gold eagle. While Bitcoin is a whole new asset class, the problem with this money here, it was designed from the start to lose value. So that’s why in rich dad, poor dad, I said savers were losers. So I so I’ve been, you know, you’ve allowed me to talk about silver, saving silver and saving gold. And not this year, but Bitcoin’s a whole new asset class. Whereas a dollar is the dollar designed to go down, Bitcoin is designed to go up in purchasing power. That’s why it’s a whole new asset class. So play that out. And where you think this all goes from here? Well, what happens is there’s Bitcoin by design is there’s 21,000,000 coming out so far, There’s 19.5 coming out. And next week, I think next month anyway, the halving comes out, right? So what’s happening is when am I? I have gold mines. When the price of gold goes up, gold miners go out and do for more gold. But Bitcoin can never increase. So the the the purchasing power of Bitcoin keeps going up even though gold may not go up as fast. So that’s why I say bitcoins a whole new asset class and I suggest people do their due diligence before they buy into it because. But you could also make the argument, right, Robert, I’m sorry to jump on you there with limited time, but I if if the having is going to go on and it’s going to shrink the supply of available coins what have you, you would think that that would be reflected right now and it’s it’s not. What do you make that? Well that’s because it’s getting scarcer. Whereas I say it again, it’s kind of hard to imagine because I own gold mines and gold becomes more plentiful the high the price goes. And as you know the Fed just keeps printing these things which is not very not worth much. So that’s why there’s two Americas today. There are those that can afford to save gold, silver or Bitcoin. But then there’s other have nots who are still trying to save this or can’t save enough. So they’re they’re they’re living on credit cards. So that’s why my concern is there’s two Americas and it just got worse when Powell said Powell, Fed chairman finally rented inflation is here to stay. Well, we’ll follow closely. You, you, you, you’ve seen a lot of trends that a lot of people miss. Robert Robert Kiyosaki, the Rich dad Company Co founder. Rich Dad, poor dad. The book that launched 1000 career shifts to say it mildly. Robert, thank you again.