- [Narrator] This is
the Rich Dad Radio Show.
The good news and bad news about money.
Here's Robert Kiyosaki.
- Hello, hello.
Robert Kiyosaki, the Rich Dad Radio Show.
The good news and bad news about money.
And, as you know, we're
still in the middle
of this what-ca-ma-call-it world.
The fourth turning, the COVID pandemic.
We're very excited today to
have a very special guest.
His name is David Stockman.
Some of you may know of him
as Regan's economic advisor,
David was a Michigan Congressman,
and is a refugee from
New York City right now.
- And so are many people.
- Well I was just talking to my neighbor
who is a very wealthy person and she says
Aspen is packed with New Yorkers right now
cause they're running.
- And that's exactly right.
Exactly right.
- So anyway, there's so
much to talk to you about.
- No, I just wanna welcome
you to the show, David.
We've been forward to this
cause with everything going on,
I know you're a wealth of knowledge
and we're anxious to hear from you.
- So, I'm gonna ask the obvious question,
like Regan is kind of a Godfather
of the Republican party,
which is now in shambles.
But anyway, I like to start with something
that I always thought
interesting about your background
is you went to Harvard Divinity School,
and I would like to know how
that affected your outlook
on today given everything....
- That's a very interesting question.
It was 1968.
We had a fair amount
of chaos going in 1968.
People knew it now more,
I was a SCS, anti-war protestor,
like most undergraduates were then.
We had the big riots
in the summer of 1968,
Detroit, Newark, you can
remember these far worse
than anything we've seen
now, which is bad enough
in say Minneapolis or Portland.
And I basically was
graduating from Michigan State
and I had two choices.
I could get a scholarship
from Robert Matthew (mumbles),
or go to the jungles of Vietnam
and get myself blown up,
or I could find some
way to get a discernment
and bide my time and
survive for another day
to talk about it.
So, I applied to Harvard community school,
I was a student of Liberal
Arts, History Religion
as an undergraduate.
Got accepted.
I hid out there for two years.
I did not get an education in economics
at Harvard, for silly.
I studied history, and
philosophy, and religion.
And then the war kind of
wound down, the draft ended.
I got a high lobby number.
I happened to have a job at the time
as a live in student for
Daniel Patrick Moynihan.
He was Nixon's chief
advisor at the moment,
you know, became a famous
Senator and all the rest.
But anyway, he got me a job in Washington
working for a Republican congressman.
That was 1970, and one
thing led to the next,
I got elected to Congress
in 1976 when I 30,
and I thought that was quite something.
And then I got down there and I found out
that there were two other
30 year old hot shots
elected in my class as well, 1976.
Al Gore and Dan Quail.
So I was the only one who
didn't get to be Vice President.
That was a long time ago and
I think the moral of the story
is, you know, I've been
watching this for 50 years now,
and I think you're right.
What we're experiencing
this summer and spring
is really off the charts, unprecedented.
And I think it's far
worse than people imagine.
In other words, we've
had a terrible assault
on the economy, on personal liberty,
on even due process, you
know, under the Constitution
by agencies of the state
that I call the virus patrol,
the lockdown nation, that
is totally disproportionate
to a problem we have.
The COVID is a serious flu pandemic,
but it's not the black plague,
it's not an existential
threat to American society.
It's at an equal opportunity killer,
and it's unfortunately a disease
overwhelmingly the elderly,
the infirm, those with
(mumbles), or life threatening
conditions already, and
yet, we have put in place
across the country a one size fits all
strategy of closing the bars,
closing your restaurants,
shutting down the sporting events,
closing the theme parks,
and shutting down the jobs
like never before.
You know, we've had 50 million
people in the last 16 weeks
file for unemployment.
Just numbers that are off
the charts that 1930's scale.
So, I think we've got
a lot to cope with here
and there's also a lot to unpack.
So that's kind of where I'm coming from,
which I guess wouldn't surprise you.
But I think the economy's
in very bad shape
because this isn't an ordinary rescission
or even depression,
this is a, what I call,
economic marshal Law.
They have just, the Mayors, the Governors,
the public health authorities,
have ordered things
to shut down, cold, on a
dime and we've really got
some pretty serious
dislocation, or your word,
chaos in our economy at the moment
that we're not gonna
come out of very easily.
- And, David, do you have
a "why" they have done
such an extreme shut down,
extreme lockdown worldwide?
- Why they have done it?
Well, you know, in a way
it's started in China.
It's the ultimate totalitarian state,
I call it the Red pansy,
they live prosperous,
it's built on 50 trillion worth of debt
that one of these days is gonna collapse.
They had an outbreak of something
that was not very well understood
or explained in the rouge
at Wuhan in January.
They basically locked down the economy
through brutal totalitarian tactics
when the disease, the
flu, started to extend
to other parts of the world,
everybody started copying them.
Now why in the world would we copy
the red suzerains of Beijing?
Why would we wanna use
totalitarian, communis tactics
when we could look at this.
I just wanna throw one number
in, cause I follow this
pretty closely and I
write about it, you know,
every day in my blog, David
Stockman's Countra Corner,
but if you even take the CDC's numbers,
and, of course, they count I
call it the with COVID deaths,
that's the most extreme impact to this,
and I say with COVID
because they're counting
almost anything that happens in a hospital
that may or may not have related
to an actual Corona virus infection.
But here's the point, there
are 61 million young people
of America, 15 or under.
There have been only 45
mortalities , deaths, so far.
Now that's a rate,
and we measure mortalities
per hundred thousand persons,
that's a rate of 0.07%.
In other words, 700's of one
person per hundred thousand
in that age group has
actually died unfortunately.
Now, let's go to the
other end of the spectrum.
The grand, great
grandparents, 85 and over.
In that group, there
are 6.5 million people,
but there've been 45000 deaths.
Now that's 700 per hundred thousand,
versus 0.7 per hundred thousand,
which is a way of saying,
and I think this is really important,
that your risk of death from COVID
as a great grandparent, 85 and older,
is 10000 times higher than
it is for the young people
who should be in school,
that all over the country
the teachers (mumbles)
all the rest of them,
and the virus patrol, and
the blue state governors
and mayors are trying to keep closed.
Now, let me say that again.
Your risk of death 10000 times higher.
So, the point is, we
don't shut down schools,
we don't shut down the economy,
we don't shut down restaurants,
and what I call the
social congregation areas
of our society.
We take care of the elderly
and those who already have
life threatening conditions,
and that's not what we're doing.
We're doing the opposite
and it's really a mess,
as far as I'm concerned.
- So, David, this is the reason I started
with the fact that you
went to Harvard Divinity,
you worked with Regan and all this stuff.
And you just mentioned
that we're modeling China.
Does that mean we're Marxist today?
- I guess I wouldn't go so far
as to say that we're Marxists
in a technical sense,
although I think some
of these ANTIFA people
and the radical Left that is stirring up
this whole BLM movement,
mind well be Marxists,
certainly their Socialists.
Certainly, they don't
understand Capitalism,
they don't understand prosperity
comes from Capitalism,
they don't understand that free enterprise
and personal liberty
are the basis for a good
society and prosperous society,
so yes, we have that.
But I think, in the mainstream,
we have a bunch of politicians
who have been hanging around
the water cooler so long,
that they don't understand
that we're a Constitutional Democracy.
That if you're Governor
Cumo, you just can't come in
and order arrests.
They're still testing
like crazy in New York,
they're getting a half a
percent, or 1% positive per day
of the thousands of tests they're taking,
and yet this crazy Governor of New York
and the Mayor still has all
the restaurants shut down.
That's crazy.
Basically, New York went
through some pretty bad times.
They got heard immunity, and
they are to be opening up
before they kill the
economy in New York City,
and frankly, they're doing that.
- David, we kind of know though.
I wanna get more on the thing that,
you know, Marx wanted
all Capitalists killed.
That's why Socialists
have murdered more people
in the 20th century than
Capitalists ever have.
But here you have this
governor of New York,
then you have Seattle,
Portland, (mumbles),
and California and all this,
they're shutting down police.
They're taking away police.
Guys like you, you have a
beautiful place in New York
and you're leaving.
Cumo had to get on television
and say all's forgiven,
please come back and pay your taxes.
But when you look at all that,
I wanna take a bigger picture with you
because of your background
being with Regan and all that.
It'd be easy to ask what would Regan do,
but this is not the same economy.
This is a very different economy.
Almost a spiritual side, how
can they get rid of the police,
how can they kill....
What are they doing?
What are these Leftist
doing, cause that's Marxism.
Marxism says, you know, it says,
what do you do with a guy that says
I'm gonna hang the last Capitalist,
I'm gonna hang him with
the rope he sold me.
Marx and Socialism always
been anti-Capitalist.
And, as you and I know,
cause we're the same vintage,
I took the Vietnam route
and you went the other way,
and I got spit on, I got hit with eggs,
and called baby killer and all that stuff.
But that's part of personal development.
My point is here,
is a lot of my classmates
went into the school system
and that spread the STS
and the black panther,
and all that stuff was just
going through our generation,
and I think it's matured and come out now.
I mean, I don't know if you agree or not,
but I think it's been
magnified since our generation.
What do you think?
- Yeah, I agree
First of all, I'll say, I'll admit,
when I was a undergraduate in 1968,
I was kind of an STS crazed eyed Marxist,
not in some hardcore
sense, but five years later
I was working for a
Republican Congressmen,
and I was a gung-ho free enterprise.
I figured it out in five
years that it doesn't work.
Now, the problem is, at least
kids out there in the street
don't have anything else to do.
They don't have jobs,
they're getting handouts
from the government,
and I don't know if they're
ever gonna figure it out,
but here's the problem,
the problem is the mainstream Republican
and Democratic politicians,
I call it the Duopoly
because they basically say the same thing
and pretend they're having a fight.
But they are so caught up
in this anti-Trump thing,
that any issue that comes
along that they can use
as a battering ram, and
listen, I disagree with a lot
of what Trump's doing,
but anything they can use
as a battering ram against him,
it gets totally magnified
by CNN and by....
- MSN base.
Okay, I totally....
We gotta take a break,
we're getting down to it,
because a uniqueness of you is that,
we are the same vintage,
I graduated in 69.
- [David] Right.
- And Regan was the hero of the time,
but there was a huge
divide in our generation.
It was the STS at, you
know, pro war, anti-war.
I suspect it just carried on
through the academic system.
And that's why gold was taken
out of economics in 1973.
- [David] Right.
- And so it went to this
mass money printing system.
And today, my opinion is
the Fed is out of control.
And they have to keep printing
to try and solve our problems.
And I think, personally,
the reason if you were the
budget director under Regan,
can printing money solve this problem?
We'll come back, and that's
what we're gonna start with.
You don't have to get
into the religious side,
all's forgiven for being STS.
But other than that....
The first guy that admitted it to me,
I call my classmates who were STS.
Oh no, no, that was in passing.
But anyway I think the affects....
We'll come right back,
you're on the hot seat.
And, once again, talking
to David Stockman,
is now a refugee out of....
Has a beautiful, beautiful,
beautiful home in New York City,
one of my favorite cities.
And now I don't know if I ever
wanna go back there again.
I went to school out there.
But he's now hiding out in Aspen,
which I think is a good
sign of the mass migration
of the wildebeests out
of communist republics
like New York City.
We'll be right back.
Hello, hello.
Robert Kiyosaki, Rich Dad Radio Show.
The good news and bad news about money.
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Our special guest today
is a very important man.
He was high up there
on the Regan administration
office, the budget.
He also went to Harvard Divinity school,
and he lives in New York City.
He's now a refugee in Aspen, Colorado,
hiding out from the crowds out there.
- [Kim] Also, former Michigan Congressman.
- And Michigan Congressmen.
But, you know, he comes from
the Regan point of view,
but this economy's completely different
than what Regan thinks.
So, the reason I'm gonna
talk to David is he and I
are the old guys,
we're now the old guys
and the vintage here,
and we were part of the
revolution, you know.
Like I was a guy getting
spit on and eggs thrown at
coming back from Vietnam,
and I don't know David was throwing them,
but anyway there was
guys throwing them at us.
And it was tumultuous time as it is now.
I suspect that a lot of those hippies
that were throwing eggs at guys like me,
I just went cause I didn't
know what else to do,
I just went, I was draft exempt.
But they went into the academic system,
but that was exactly the same time, David,
you remember that Nixon took the dollar
off the gold standard, and
it allowed us to print.
So we have two major problems going on.
We have COVID,
and we have an economy that's
being propped up by a Fed,
you know, like in 2008
I think their budget,
their deficit, 850 billion,
and today it's five trillion?
I mean, they're printing money like....
So, the reason you're an important guy
is because you are an
important guy, but, you know,
you have Regan, you have the
budget, you have printing money
and we have history, and we have decent.
- We got a lot there.
- And our guest it David
Stockman, you forgot the name.
- David Stockman.
- So, David, what's happening with the Fed
and printing money, is that gonna save us?
Is that gonna save our economy?
- Well absolutely not.
I think the number one problem's the Fed,
as is the number two, and
the number three problem.
And the reason I say that
is, we've talked before
about lockdown nation that
we've 50 million people
lose their jobs.
There's 31 million people
right now drawing unemployment,
state or federal, in the
worst of the great recession,
so called back in 209, the
peak level was six million.
So we got five times more people
dependent on unemployment
insurance today than that.
We've had really millions
of small businesses
are being devastated
because of these lock downs
or because of the new orders
that you could only open
at 25% of capacity or whatever.
So why is this happening?
Well, it's happening because the Fed
has printed so much money and
monetized so much of the debt
that the politicians in
Washington are willing to tolerate
this massive crash of our economy,
because they thing they can compensate
by handing out coast to coast soup lines
to everybody and their
grandmother who tries to apply.
We gave $12000 to 160 million people.
There's only 31 million people unemployed.
We gave it to 160 million people.
They put the federal state
unemployment total together,
you know, the extra 600, well
that makes an average benefit
of 11000 a week in many states,
which is almost 60000 a year.
That's not a safety net,
that is asking for huge economic trouble.
They've already passed
three trillion worth
of so-called everything bail outs,
that's what I call it, the
bills they passed back in March.
Now, they're debating
whether it should be a trillion and a half
and Republicans are saying more,
the Democrats are saying
three and half trillion more,
and they'll probably
compromise in the middle.
Now let's add this up, in five months
they have spent five and
a half trillion dollars
trying to compensate for
the enormous damage done
in the economy.
If the Fed weren't buying all that debt,
interest rates would be soaring,
the politicians would not
be spending all this money,
they would be asking do we
need to shut everything down?
So, if you follow me, it's
the Fed that is enabled
the politicians to set up these soup lines
to keep the economy and
hand out money to free stuff
to everybody, so that the
mayors, and governors,
and health authorities, and
what I call the virus patrol
could go to town basically
imposing economic marshal law
on our economy and society.
So, it all starts with the Fed.
If the Fed were doing its job,
the Congress would not be
spending five trillion dollars.
If they weren't spending
five trillion dollars,
the pressure to allow
people to go back to work
and business to reopen would be enormous,
and we wouldn't be in this mess.
So, if you follow me, all trails
lead back to the 12 people
sitting on the set who
were out of their minds
in terms of, you know, what they've done
and we can repeat the numbers
but I think a lot of listeners
know since March 12th
when they declared the COVID emergency,
the Fed has printed three trillion dollars
worth of new money.
You don't just, out of thin
air, they used it to buy up
all the bonds that the
treasury was issuing.
And so now we have a 10
year treasury rate under .6,
under six 10th of the
1%, so nobody's alarmed.
Borrow, borrow, borrow.
Spend some more.
Everything, you know,
is a big, big free lunch
and you can see how it all comes together.
- You know, David, you've been
warning about this for years.
All of your books have been
saying the same warning.
Is the end near?
How close are we to when
people finally realize.
What's the Weimar Republic,
or Zimbabwe, or Venezuela?
- It's a good question and
I think we're getting close.
I could not have imagined
four or five years ago
when I wrote The Great Deformation,
that the Fed would have a
seven trillion balance sheet
because, you know, back
then it was about two
and they said it was an emergency
and they were gonna roll it back.
So, what is happened is
that we have an unelected,
you know, set of 12
people sitting on the Fed
who basically have taken total control
of the financial system, and
have distorted every price.
The stock markets way too high,
bond deals are way too low.
Everything is no longer working honestly,
there's no price discovery.
Why have a free market on Wall Street
if the Fed is dominating and, you know,
injecting these massive
amounts of liquidity.
- Okay, lemme ask this,
cause you're the Regan area
and today we have the Trump area.
And I think one of the most
gutsy things that Regan did
was when the air traffic
controllers went on strike.
He just said you're all fired.
- [David] Right.
- That was a gutsy move.
So, if Regan was here today,
I know Trump is encouraging
the Fed to print,
what would Regan do
that Trump is not doing?
- Regan would, I believe,
would fire Doctor Fucci.
- I like that.
- (audio cut out)
- You better go into hiding, David.
- In other words, you can't
stand in borrow your way
out of the problem created
by this enormous lockdown
disaster in the economy.
And he would have fired
the scarf lady as well.
And that's Doctor Birks, you know.
Look at these two characters.
She's been on the Government
payroll her whole life
since she got a law school, I
think, or wherever she went.
And Doctor Fucci graduated
1968 from Cornell,
just like I did from Michigan State,
he could've made an honest living.
But instead, you know, he went to the NIH,
became a researcher
at the Institute for Infectious
Diseases and Allergies,
and he's been there ever since.
Now, between the two of
them, they got 95 years
on the public payroll.
What do they know about
how the economy runs?
What do they know about,
you know, a business man
who created a chain of five restaurants,
worked at it for 20, 30
years, is stripped, saved,
forgone some of the luxuries
of life to grow this business,
and they come in and
shut it down overnight
on the basis of a totally
exaggerated notion
of what we should be doing.
So, if he would fire the bad doctors,
I call them his malpracticing doctors,
and if he would denounce the virus patrol
and say we really are going to open up,
we're gonna take care of
the sick and the elderly,
but we're gonna let young
people go to school,
we're gonna let workers go back to work,
we're gonna let 20
somethings go to the bars
if they want to, or go to
a ballgame if they want to,
and we're gonna get real here.
This is what I think Regan would do.
He never would've fallen for
this whole doctor's plot,
he was smart enough to see through it.
- So, how do we make that
scenario happen, David?
How does that come about,
cause I don't know if
anybody's speaking up about it
other than you?
- I hope you have armed guards around you.
- No, they don't know where I am.
They're up in the wrong cabin,
they're not gonna find me up here.
But the truth is there's a lot of people
speaking out about it, but
the politicians are so cowed,
they're so intimidated by the whole....
You know, this is as bad,
I say the year 1693 and
most people have no idea,
1693 so what?
But you guys know.
Those were the Salem Witch Trails in 1693.
And the whole population
went into hysteria.
We got something like that today.
We have a population's hysterical,
and by the way, you've noted several times
I'm here at Aspen.
Well, this is the Socialist
Republic of Aspen,
I hate to tell you.
(audio distorts) and the
sheeples are so intimidated
by all this that the
conforming level is so great,
that I'm hiking everyday
up the mountain side
and you find these guys
who are on what they call
the fat tire bicycles,
I don't know if you've seen them,
but they're big fat
tires they ride up hill.
It is really hard.
I mean, you've gotta be in great shape
and it is an aerobic nightmare to do,
but here's my point,
these guys are riding up
hill on a fat tire bicycle
with their masks on.
(laughter)
There's nobody in 500 yards.
- That's not healthy.
- The point is, there's been
such a level of intimidation.
There's such a level of fear and hysteria,
but people are running
around with their muzzles on
and they shouldn't be.
Someone like me, I'm of an age
where I should worry about it.
I had chemo therapy so I
probably have an immune system
that's compromised, so
I'm not gonna run around.
But, at the same time, I'm not
gonna tell a 30 year old kid
he can't go to the bar and have some fun.
Because if he gets it,
he won't even know it,
it'll be asymptomatic or he'll
have a mild flu and recover.
That's what's going on.
We held at 99.6% of all the people
who have been tested positive
for COVID have recovered.
They never tell you that.
You have CNN giving the
death count every night
and it's a totally distorted picture.
- Our virus was a thing
called AIDS, remember that?
- Yeah, exactly.
- AIDS is still here,
we're still having sex.
- By the way, you know, the
number of deaths from AIDS
is a very low number it's
like four or five thousand
per year in the whole United States.
So, anyway, there's
this whole death brigade
that's got this thing totally distorted,
we forget the fact that
unfortunately, that's part of life,
three million people die every year
and 55, 60 thousand die of the
regular colds and influenza.
So, you know.
- How bout at home violence?
I have the final question
to you, there's a difference
between Regan's era and
today is social media.
You have Facebook going,
Amazon and all this.
How do you think that's affecting,
I call it anti-social social media.
It's a violation of the sixth amendment,
is that they can accuse you
but you don't see your accuser.
- [David] Right.
- Does that make sense to you?
- Yeah, it makes sense
and I think what it's done
is accelerated the time scale so much,
that we're in this 24/7 word,
sound byte, talking point world
where just fundamental facts
like I the one I started with,
that your risk from death from
COVID is 10000 times greater
if you're 85 and you probably
have underlying conditions
already, than if you're a young person.
And it's like 400 times greater
than if you're a working age person.
So none of these facts are known.
They're out there, you can find them,
they're actually live and
published by the CDC itself.
And what happens is that
the anti-Trump media,
we call it the MSN, I'm sure
that's what you call it,
is so obsessed with making Trump look bad,
that they will dig for
anything that can be spun
as a negative.
I saw the other day, big headline on CNN,
cases rising in Indiana.
The cases in Indiana are
practically nothing, okay?
But at that moment in
time Arizona's going down,
Florida's going down,
California even was abating.
They had to find something
to have a negative banner
across the screen on,
so they discovered a couple
more cases in Indiana.
Now, let me tell you
how bad this is getting,
maybe I can wind up on this one,
cause this is a warning sign to people.
In New Zealand,
they got a radical progressive
Prime Minister woman
who's way out on the boarder line Marxist.
- Glad you said that.
- She shut down, as you
remember, back a while,
shut down the whole New Zealand economy
and not gonna let anybody in.
We're not gonna get to COVID.
They went 102 days
without any cases, okay.
They had four of them this week,
and she's re closed the economy.
Shut down the economy again
because of four cases.
- Those poor people.
Cases, not even deaths, just cases.
- We have a mayor in Los Angeles
who said he's gonna shut
off the electrical power
and water to any house that reported
of having an unauthorized party.
- That's crazy.
- Okay, if that's not
totalitarian, abuse of power,
I don't know what is.
And, supposedly, Los
Angeles is a democracy
and so is New Zealand.
This is the kind of things cropping up,
and I don't think we've
seen the rest of it yet.
- I agree with you.
And, you know, David, that
was a sermon on the mount.
I mean, you earned your
theological degree there.
I thank you for speaking out.
A lot of people will disagree with you,
but you still spoke and
said what I believe is true,
and that's the most important thing.
If you agree with me, you're intelligent.
- [Kim] That's right.
And I also wanna mention David's website
because he's a wealth of information
as you just heard.
Davidstockmancontracorner.com.
Contra Corner.
C-o-n-t-r-a, contracorner.com.
- And his books are the Trump of Politics,
the Great Deformation, and Trump.
If you need a boat anchor,
these are great books.
I've gone through them,
it takes a long time,
but it does open up your
mind to a different world.
But David Stockman, again,
he started from Harvard School Divinity,
he's Congressmen, he was part
of Regan's budget director,
I mean he's seen the world
through incredible eyes
of one of the greatest changes,
starting from the Vietnam war through now.
So, anyway, please get his books, study,
it is essential we understand
what he's talking about today.
- And, David, you have a blog, right?
A daily blog called
Contra Corner, correct?
- It's called David
Stockman's Contra Corner.
You can Google it.
I put this stuff out every day,
we cover everything from
the Fed to Washington,
to the budget, to the Corona,
to what's happening in the world.
Cause somehow, you have
to put it all together,
and we call it Contra Corner for a reason.
Contrarian.
We don't buy the MSN.
We don't buy what CNN's is
telling, or CNBC about the market
or the New York Times, or Washington Post.
There is another view on the world,
I think it's important
that people consult that
and that's what I try to do daily.
- You know, David, thank
you, thank you very much,
it's a great pleasure
being able to call you
and bring you on the Rich Dad Radio Show.
So, thank you again.
- Really appreciate it. - Glad to be here.
- Thank you, David. - Better
go into deep hiding now.
Thank you.
- No, keep speaking
out, keep speaking out.
- Especially in Aspen.
Bye bye.
- Thank you so much.
- Bye, yup, bye.
- Oh, thank you now, David.
What'd you think, Kim?
- It's refreshing, you know?
I'm so tired of the media,
and I'm so tired of all the (mumbles),
and I'm so tired of this damn virus,
and I think what he's
saying is absolutely true
and I would highly recommend
going to his daily blog
at davidstockmancontracorner.
One thing he's saying, is
you gotta think for yourself.
Stop following like sheep
and think for yourself.
- Sheeple.
- Get some real information.
- And don't get a fat tire bike
and pump up hill with a mask on.
- [Kim] With a mask on, oh my God.
That's just so unhealthy.
That's so unhealthy.
- Final word on this
is that gold and silver
took a huge hit today.
And if you're a speculator,
you probably should get out.
But if you're an investor,
this is the best opportunity to buy.
Not because it's gold and silver,
because it's exactly
what David and myself,
and people been saying,
is the Fed is gonna keep printing money.
They're gonna keep printing
money to solve this problem.
That means the dollar is
gone as a reserved currency
of the world, which makes gold, silver,
and bitcoin more valuable,
because they operate outside
the system of the Fed.
So with that said, I wanna
thank you for listening
to the Rich Dad Radio Show.
This was entertaining.
I had to start with the
fact that he was theologian
and so he has some kind
of soul and spirit left.
Thank you for listening to
the Rich Dad Radio Show.
- [Kim] Thank you.
