This is the rich dad radio show.
The good news and bad news about
money. Here's Robert Kiyosaki.
Hello? Hello. Hello. It's Robert
Kiyosaki, the rich dad radio show,
the good news and bad news about money.
And we're in podcasts in Scottsdale,
Arizona. He going to heaven or hell.
And right now it's approaching hell.
It's getting really, really hot.
Kim's getting out of town and it's just
going up into the mountains and I have
to stay on work like everybody else. But
anyway, we have a fantastic, fantastic,
very interesting
multi-dimensional show. And, um,
I'm really excited about it because, uh,
I was watching charge of Gammon and the
rebel capitalists and this gentlemen
named Marin Katusa came on and
Marin just blew my brain out because
Marin is, you know, he's a calculus guy,
but he is also a financier
out of Vancouver and Toronto
stock exchange is where
Kim and I have worked with
gold and silver mines,
but also you understand swap mines,
but he's also going to be
talking about like gold may be a
great investment,
but it has to do with financing from
what I call the shadow banking system,
this mysterious subject called
swap lines and the comments Kim.
Well, we're going to find out what
swap lines are, cause this is,
can be a very complicated subject,
but we're going to keep it really,
really simple so that people
can understand. So this is your,
this is right up your wheelhouse Robert.
So I know you're excited about this
and I'm excited to, to talk with Marin.
And Marin is the author
of the New York times,
best seller of the colder war and
like, um, like Marilyn, you know,
Kim and I have traveled the world.
And so we see the world
from different perspectives.
So this is a very important show,
especially if you're interested in,
what's going to happen to gold.
What's going to happen to
goal happens below ground.
And it was called the shadow banking
with a swap line business that very few
people know about. So Marin,
welcome to the rich dad radio.
And let me just say
Marin Katusa Katusa, um,
he's at 27, this was, this
was fascinating. At 27,
he helped co-found and build
Canada's third, largest copper mine.
And over the last two decades,
Marin's become one of the largest
finance seers of publicly listed Canadian
companies by raising over 2 billion,
billion dollars in financing
ventures and debt. So, uh,
we're we got an expert here with us today.
Bad for a school teacher.
He used to teach calculus.
It's actually over 3
billion and you learn,
you can literally learn through your
mistakes, but you keep going in there.
The key, the game is to have
more winners than losers. Okay.
There you go. That's our strategy.
And you operate out of Vancouver and
Kim and I went a year. I was like,
I'll cut our God. Got
I started in Vancouver.
And we were laughing just before the
show began when Kim and I would tell our
friends that we're listing a company
on the Vancouver as stock exchange,
but it says, you guys are
a bunch of crux. I said,
those are my friends are talking about
because Kim and I felt so at home on
Vancouver.
Cause there are a bunch of Cowboys and
then we'd go across to Toronto stock
exchange. They're a
different breed of cat there.
So Vancouver was the wild West, as far
as we're concerned and we just loved it.
They consolidated the Alberta and the
Vancouver stock exchanges after the whole
Brea ex scandal. But you know,
I'd like to remind everyone that the
biggest scams actually weren't in
Vancouver,
Vancouver does get a bad rap because our
city is so much more beautiful than the
other Canadian cities. But, you know,
BreX came out of Alberta stock
exchange and Toronto, you know,
the bankers out of Toronto, like
to give Vancouver the bad rap,
but the biggest mining companies
actually have come out of Vancouver.
And most recently, you know,
Equinox, which started in my office,
I'm led by my very close friend, Ross
Speedy, who also created Pan-American,
which is the world, which will be the
world's largest, pure silver company.
Those all started in Vancouver.
Wow. And anyway, you know,
Kim and I just had such a great time up
there is felt at home and uh, anyway,
welcome to the program. So would you
might explain why you wrote the book,
the colder war first,
because I think that sets a scene to
what we're going to be talking about.
Sure. So, you know, I spent literally
13 years on the road. Um, you know,
my body took a toll.
I started at 180 pounds and I got to
245 pounds living the life on the road,
uh, going into over a hundred and it
was 13 or 14 countries from, you know,
places setting up the first mining
company in Kosovo to going to Iraq when it
opened up, uh, you name it,
I've been to it from, you know,
going to the ports of the oil in
Kuwait with the energy ministers. Um,
I really lived it and I was very lucky
to be mentored by some of the best in the
business. And they said, look, we've
got the knowledge and connections.
You've got the legs go and do it.
So that's kind of where I built my
personal fortune during that time.
But I recognize something that a lot of
people you don't learn through the CFA
program or books was this political
risk aspect and the real dynamics.
So I was the largest investor and the
founder of a company called quadrille
Quadriller became Europe's
largest shale gas company.
And when I really got into it, you
know, a very famous guy said, Marin,
you gotta be ahead of the
game because you're so young,
how are you going to compete
with conventional oil and gas?
So one of my geology professors at
university, he was a guy named dr.
Mark Bustin, who was the world's
leading authority on shale gas.
And it kind of put two and two
together being lucky and saying,
I can't compete with all the bankers
and the companies on conventional oil,
but in 2005 people weren't
talking about unconventional oil.
So I pitched Mark to come leave
the university, come work for me.
And that's how we started quadrille.
And that's when I saw the real dynamics.
It started with gas prom where they
were funding the anti-development of
unconventional cause they really had
Europe. Uh, essentially, you know,
they had Europe by the balls. Okay.
You look at the UK Germany over half of
their natural gas and energy supplies
were coming from the Russian gap,
essentially the Soviet
pipeline distribution system.
And that was the lifeline for Russia.
Was there oil and natural gas.
So that was the beginning of where I
went. Wow. Like I can't believe all this,
you know, these NGOs are
being funded by, you know,
former communists against the West,
freeing themselves from this energy,
a dependence on, you know, former
Soviet. And then I looked at uranium,
for example, you know,
one in every 10 homes in
America's power by former Soviet
uranium mines. And I went, Whoa, the
average American doesn't know this.
So as I was traveling more
meeting all these people,
I started connecting with the companies,
visiting all the assets is whether it
was in Kazakhstan or Russia, Uzbekistan,
all these areas.
And we're realizing that the
average person has no idea how
dependent we are on the emerging
markets and the geopolitics
involved cells, essentially
the basis of the book.
And that led me to the swap lines.
Yeah. Please pay attention to
what Marin just said. Cause it's,
it's out of sight of most people's
minds, what he's talking about here,
but also wasn't uranium one,
a Canadian guy who worked with the
Clintons to put that deal together.
So that's how Russia,
Russia bought our uranium
resources also. Yeah.
So that's in Wyoming, I've
actually been to the mine. Uh,
so that's an ISR in
situ recovery mind. Uh,
so energy metals merged with uranium one.
That's how uranium one got the assets.
Uh, it was through energy metals.
And then when the Russians bought it out
or I think it was around 2011 and 12,
it finalized, uh, that, that
that's essentially what happened.
Those assets were part of the package,
but the real reason, the Russians, uh,
you know, uh, the media,
I was on the front page of the New
York times because of this article, uh,
the media loves the whole
Clinton angle and all that, uh,
that mine isn't producing
today in Wyoming,
the real reason the Russians
bought a uranium one was for the
actual assets in Kazakhstan. That
was the real reason they bought it.
But there's no doubt at
one point more Russian, uh,
more American produce uranium was owned
by Russians than Americans when it was
producing, which is insane.
And there's one more thing.
We're at war right now between Saudi
Russia and our fracking system,
the States aren't we.
Correct it totally. And
what people don't, uh,
truly appreciate is the,
the Russian setup is obviously
supported by their government.
Like think about what a,
a private company in America or Canada
have to do for permitting versus
something in Saudi Arabia, which is
Saudi Aramco, which has completely state,
you know, even though they say
less than 5% is owned by others,
it's controlled and supported by the
government, same thing in the Russian. So,
you know, when you talk about free
market versus government subsidized,
there's a lot of angles here that
people truly aren't appreciating.
And if anyone thinks like
here's something so insane,
do you know that Canadians are still
importing Saudi oil on the Eastern coast
rather than producing it domestically?
We have huge reserves of oil in Canada,
but the politics, the average Canadian
and American don't understand.
So when they're trying to
prevent development and the
North American technology,
both Canadians and Americans,
we have the highest standard
of environmentalism and
all these developments,
but yet they're preventing the development
of these assets here at home for good
high paying jobs here, but we're
importing and using, uh, resources,
energy, oil,
uranium from countries that aren't keeping
the first environmental standards at
the pro level. We are, it's just half ass.
And are you, are you saying, man,
that's all politically driven.
People are making deals with each other.
They want, they want power. They went,
huh?
No one asks who's funding. These NGOs
and environmentalist, like, you know,
what's the agenda here. There's, there's
so much to the game behind the scenes,
right? You talk about the shadow banking.
What about the shadow politics of it all?
Anyway, we could go on forever and I'm,
you know, gotta keep it simple for me.
But like I said, you were
on George Gavin show.
And I love that guy because he's the
only guy that can draw a diagram of the
shadow banking system, you know? Cause
it's so shadowing. But anyway, um.
Can you first talk,
can you first just define the two of
you what the shadow banking system is?
Well, Marin you're better than I am that.
Sure. So when you look at
let's, let's start with, uh,
how the swap lines were started.
It was actually in the 1913
reserve act that Congress
passed. It was never intended to happen.
The shadow banking evolved as a short term
solution that really got
out of control. So in 2008,
when the global financial crisis happened,
there's actually a
government testimony of,
Bernanki trying to answer the questions
about the swap lines and the shadow
banking. And he couldn't answer
it. He kept going like this.
You can just Google it. It's all there.
And he kept going back to his and then
the lawyers are whispering in his ear,
the answers. And they've
never done this before.
So the clause that created the swap line,
wasn't actually an intention and
here's the craziest part of this. Okay.
So think about, so there's 15
central banks around the world.
Now there's over 200 central banks,
but there's 15 central banks that
have been granted swap lines to be.
A swap line. It says.
W w one more thing, 1913 is important.
Cause that's when the fed was created,
but it was also when the IRS was created.
That's what people cannot see because
it's below the surface. You know,
like you see the,
you see bank of America on the streets
when you see wall street and you see
like, um, Charles Schwab on the street.
But below that whole ground
level as is massive lines,
it's like an oil refinery
underground, all these lines,
running everywhere as cash
flowing in this direction,
click cash flowing in that direction.
But mom and pop never see it.
Correct, but mom power paying for it.
And here's the wildest point.
So what this essentially happens
is a swap line is a lifeline.
It think of it as a, uh, a,
a line of credit unlimited
here's the craziest part.
So think about all the media
attention and nonsense.
Everyone had to see in the
news and on their social media,
regarding the $2 trillion stimulus between
the Democrats and the Republicans and
all the BS between that were half a
trillion dollars already in the first
month of these central banks
being granted that's foreigners.
So the Americans are subsidizing
that demand for us dollars
in these foreign countries.
So if you want to take bank of Japan is
already drawn down over $225 billion in
the first month of being allowed
to, and they're done dollars of U S.
Marin, let me, let me just say it
another way. Bank, bank of Japan,
their central bank doesn't have dollars.
So the U S lends some the dollars so they
can pay us back. Is that basically it.
And here's the scheme. When you want to
talk about the shadow banking or the,
you know, friendly agreement,
there's seven day loans or
84 day loans. So 12 weeks.
So that's kind of where it's at. And you
look at the interest rates being paid.
They're not getting paid back.
They're just rolling these over and
over and over. So they take a seven day,
they rolled it over to 84 days and
they just keep compounding. Now,
what is wild about, this is the
chair of the fed or the U S fed.
So right now,
Powell does not need to
get us president Trump's
approval. Congress approval,
The house approval.
Nobody it's essentially
an incredible stick,
but the swap line nations
that have this lifeline,
they have to agree to
the terms and conditions.
And essentially it's America saying,
Hey, you're our ally. We'll back you.
If you're short of U S dollars,
we'll create a swap line, a lifeline,
a line of credit unlimited. So,
but what the serious
implications here are,
is Trump's done all this work for Boeing
to subsidize because, you know, it's a,
it's, it's one of the
biggest companies in America.
I think about all the jobs and
just the logistics of the country.
So he's going to prop up the company
Boeing, but at the same time,
almost $200 billion has gone to the
European central bank that then funds
that they take those U S dollars because,
uh, the year, uh, Airbus, you know,
the, the Boeing equivalent of Europe,
which is being subsidized
by the French government,
by access to these swap lines, to
compete with an American company,
that's what Powell isn't thinking,
where the dynamics get really crazy,
where it's the American people that are
funding the cannibalism of their own
industry. So if Trump really
wants to make America great again,
he has to close these loopholes
that the fed has unintentionally
created because it was never intended
that way. So if you look at, you know, uh,
countries like, um, Uh,
Mexico has a swap line.
Canada has a swap line,
Australia, uh, Sweden, Norway.
These are American allies. Now,
do you think Russia or China are
going to get a swap lines? No.
Marin, we needed to take a break,
but I understand this cause this is
the underground with people do not see.
And this is a very important program
and we're doing our best to keep it as
simple as possible. So
I will come back with,
but going more into Marin Katusa
and how the swap lines may impact
the price of gold eventually down
the road. So we'll be right back.
Welcome back. Robert Kiyosaki,
the rich dad radio show,
the good news and bad news about money.
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So we archive them at rich dad, radio.com.
So you can listen to this program again,
especially this program because of
what you're hearing about today,
less than one 10th of 1% will ever, ever
understand what we're talking about.
So I've got a rich dad, radio.com,
listen to this program again,
you'll learn twice as much. And then
let's have your friends, family,
especially business associates,
listen to this program and
discuss it because what's,
you're hearing nobody
else is hearing about.
You're going to want to listen
to this show more than two times,
because there's a lot going on
here. And our invite Marin. Yes,
our guest today is Marin Katusa.
He's the bestselling author,
New York times bestseller the
colder war. And at the age of 27,
he helped co-fund and build
Canada's third, largest copper mine.
And over the last two decades,
Marin's become one of the largest
financers of publicly listed Canadian
companies by raising over
3 billion, not 2 billion,
3 billion in financing
debentures and debt.
So he's a pretty good, pretty smart guy.
His website is Katusa K a T U S a
research.com.
And not only that, he's a high school
math teacher had taught calculus a,
saw that light and went into the dark
world of the Vancouver stock exchange for
Kim. And I cut our teeth 20 something
years ago. So it's fascinating.
And I love this.
So, so Marin, let me, let me ask
that. You said the fed chair,
Powell is doing all of this and giving
all this U S dollars to all these
countries, foreign countries, yet
he's not aware of the consequences.
Because he, he can't be because
there's so many dynamics.
And I always use the
simplest strategy of look.
So the ECB has drawn down
almost 200 billion. Okay.
And it's not being paid down. Remember
these are, they keep rolling over.
And Powell just said, we
digitally print it right here.
That's a quote from him
directly. So what happens now is
one second.
So the European central bank is out
of dollars because I think 80% of the
debt in the world is financed in
U S dollars. So on a backlight,
the European central
bank runs out of dollars.
Our fed extends a swap line,
which means we lend them the
dollars so they can pay us back.
Exactly. But they're not paying
it back. This is the whole point.
They just keep rolling it over.
Right? So the debt keeps growing,
but what does the European central bank
or the Japanese banks do with these
dollars? Well, it's not
like the bank needs them.
It's the biggest companies
in Europe, such as Airbus,
which is the Boeing equivalent,
which has been subsidized for years.
That's what the whole
battle has been about.
And what they do then is
they take those U S dollars,
convert them into the euros prop
up the debt of a company like
Airbus. They subsidize that
manufacturing of those buses.
And specifically now when the
airline industry is on life support,
they're using us dollars
from the U S fed to put the
lifeline into the
European airline industry,
which is directly competing
with American Boeing.
That's just one example of
many. Think about the impacts.
Like this is huge. Like
there's over 80 countries.
I've already asked for swap lines
with Turkeys, openly begging for them.
But you have to agree to the terms
and conditions. This is the power.
America has a big geopolitical stick,
and this isn't the next five years
going to be the biggest stick that the
American foreign policy can use
because of the shortage of U S dollars
globally. So you look at
what's going on and, uh,
any parts where they're producing gold,
silver, natural resources, you know,
we joked Robert before we
came online, God created gold,
but the devil spread it around the world.
And when you look at some of the places
and the regimes that are in control
here, things that we've talked
about a month ago today,
Zambia has declared that gold
is a strategic asset. Well,
of course it is from a government
standpoint because it's the purest form of
money and they're going
to nationalize the mines.
It starts with the gold and I'll go to
the silver and all I'm trying to say,
mine's now owned by foreign
corporations. They're all companies.
Exactly.
And this is what I'm trying to educate
people is the risk isn't priced into the
market. Some of these, for
example, like on my website,
I put this stuff out for
free just to educate people.
The royalty companies are
treating three times their nav.
So three times what there were so pretend
your house is worth a million bucks is
trading at 3 million. So
already it's expensive.
Gold needs to go to like $3,000 for
it to be fair value, but that's fine.
That's a separate point.
But 65% of their revenue comes
from assets that are producing
from negative swap line nations,
which are nations that do not
have access to the U S dollars.
This is the point because it
becomes a foreign policy type of is
if Powell or Trump says
we don't like you like
Indonesia. And we don't
extend a swap line to them.
Then the only recourse
Zambia or Indonesia,
or these other countries that hate
us, they're gonna take our gold mines.
And a lot of N.
Indonesia is the perfect example.
Let me tell you why you hit the nail
on the head here. So Indonesia, um,
there's an American company.
It's probably the best copper
company in the world called Freeport.
And Freeport has one of the best mines
in the world in Indonesia called Grasberg
it's it's, it's the largest gold, silver,
uh, gold and copper mine in the world.
This thing is massive. Anyways,
Indonesia keeps changing the rules.
We want more royalty. We want
you to build a smelter here.
We need to take a larger
percentage of the mine.
Then once they raped and
pillaged, as much as they could,
they desperately needed a swap
line. They agreed to the terms,
the conditions with the
American government, because
of the geopolitical angle,
the governments are smart and Indonesia
is the model to Turkey is going to
follow. Argentina is going to follow.
They're going to steal as much as they
can, but still keep the mine a lie,
but the investors get screwed. And
because China was expanding in a,
in the south sea American needed
Indonesia's support there.
And that's why, uh,
the American fed the U S fed
granted in Indonesia swap line.
So Indonesia became the 15th, uh,
central bank to get a swap line.
But you look at Argentina just recently,
the environmental minister of
Argentina openly stated that these
Canadian and American and Australian
companies aren't taking care of the water
and environment to the
standard that they would.
But hold on that these companies are the
best in the world at the environmental
standard. Now mining's difficult.
There's no doubt about it.
I'm not trying to paint it in a, in
a, in a beautiful brush, but it's,
it's a tough industry. But like I said,
how do like that's a form of
he's hinting nationalization.
You think in Argentina national company,
what happens is when you look at
nationalization, they Venezuela,
Mexico did this Mexico nationalize the
oil fields on the Americans in the,
in the 1920s in the revolution there.
And what happens is they take
the profits from these resources,
they fund their social agenda, and mining
is tough. And, and energy development,
you have to reinvest in the projects.
And the fundamental theme here is the
shareholders who are exposed to companies
that have assets and negative swap
lines are going to get screwed.
And number two,
the output level of these assets are
going to decrease because the government
officials, that's what they are.
They're government officials.
They're not entrepreneurs. They're
not true developers of these assets.
They're not reinvesting into these
assets to keep the production up.
So the production goes down.
So ultimately this is the biggest
bullish case for gold that
nobody's talking about because the local
governments in these negative swap line
nations are going to essentially steal
these assets from the foreign owned
company.
So Marin, you know, you're,
you're hurting me and Kim and
myself dearly because we had a
gall mine, one of the largest
mines, ever, a billion ounces.
And in China and Dolly on China,
we floated it on a TSE,
the Toronto stock exchange.
And as soon as it was proven,
then it went from exploratory to proven
China took it from us and, and they,
and they nationalized it
means. They just stole it.
And the reason was, is because
we're polluting the water.
So everything you're saying, you know,
right now I need to go outside of vomit.
You've lived.
What is happening in these foreign
countries are going to use the
tagline that investors in the West
are forcing these companies to
live by, which is ESG environmental,
social governance, right? First of all,
who gives a social license? It's, it's,
it's an infinite loop of questions.
You can't get a social license.
It's a never ending process.
But this ESG concept is going
to be the secret weapon that
these local countries, these,
these negative swap line nations that are
going to use to nationalize and China,
like you pointed,
is that like a lot of people don't realize
China is the world's largest producer
of gold. And the zero ounces gets
sold into the international markets.
It all gets sold in China, right?
So when you look at Russia,
a major producer of gold,
none of it gets sold.
There is a net buyer of gold
of also other people's gold.
Then you look at someone like
Canada, we are a major gold producer.
We're a top eight gold producer in
the world, and we own zero gold.
Our central bank has sold all the
gold. Like we literally have no gold.
That whole point on this whole
thing is that a swap line
is the money system. And if we like
you, we'll give you a swap line.
If we don't like you, you
don't get a swap line.
And the reason to saying
gold is God's money.
But the devil devil distributed it
gold is found in some of the most
inhospitable people who hate
America, the most countries,
which is why the price
of gold should go up.
But there's one more thing that people
do not realize is that if you own
everybody, everybody right now is
running into gold mining shares.
But if the goal mining company is in
one of these countries with no swap line
and hate America,
what's going to happen to the
price of the mining company shares.
Exactly.
And you're the you and another individual
are the only ones that have reached
out to me and said, Holy, like, you've
just blown my mind with this concept.
The other individual is one of the
largest investors in America, by the way,
and what people want. And
this is across religions.
It doesn't matter if it's in a
communist state or a atheist state,
a Christian state, a Muslim
slate. It doesn't matter.
It's going to be across the board because
it's about a shortage of us dollars in
a deflationary environment.
And the first thing they can go after
because the Western media will be like,
Oh, that damn mining company,
they polluted the water.
Like the example you gave in China,
ESG is what the foreign
countries are going to use.
Argentine has already hinted
on that. Zambia is already set.
It's a strategic metal, and we want to
keep the ESG at that world class level.
Last time I checked,
I think the Americans are going
to keep it at a higher level than,
than the mining companies.
And Marin at the break,
you were talking about Hong Kong and
what was really going on in Hong Kong,
what what's going on there.
So you look at the access of swap lines.
So this is developing into a G2 world.
So it's America and its allies.
And you can already see who it's allies
are because who got swap lines, right?
There's 15 central banks that have it.
And then the rest of the world
is the battleground. Now.
So China and Russia are really
trying to work with developing a
alternative to the U S
dollar swap line lifeline.
And to do that,
the Chinese are preventing the flow of
capital out of China. Look at Vancouver.
Real estate is a perfect
example to do that.
The domestic like the Chinese money, the,
the underground shadow route to get
the money out of China was Hong Kong.
And that is precisely one of the main
reasons that our media isn't talking about
why China's going after Hong Kong. If
you look at what's going on right now,
and that's essentially how
they're going to nationalize it,
and now China's diverting the world
with, you know, not just COVID,
but this battleground of
India, but this border dispute,
when's the last time really? We've
heard about a border dispute with India,
but that's front page news,
but nobody's picking up what's going
on really right now in Hong Kong.
And it's about the, the,
the wealth of China fleeing
out to get into America and,
you know, a true free system,
because once that money's trapped,
it's the new iron curtain, if you want to.
So if they nationalize Hong Kong,
the money stops flowing out of China.
Correct? So I w w w we
have to have you back, man,
cause this is such a massive subject.
You know what? This is my question.
You know, the guys like Jim
records are calling for, you know,
gall to go 5,000, 10,000 a, you
know, I hear all the things. And,
but what you're saying now with the
swap lines being cut and our other
countries hate us, and
they're inefficient.
Do you have any forecast on the price
of gold and silver in the future?
Cause there's a buddy of
mine. Uh, we talk I've, uh,
looked into what his son's doing with
the water products in the middle East
smart guy, super smart guy.
Um, to answer that question,
I think we first have to
discuss two things timeframe,
but the other thing I've always, I like
to call it. We trademarked this term,
you know, there's a millionaire,
there's a billionaire,
but a lot of people want to become bully
in air, right? With their bullying,
their gold bullying. And I always
remind everyone what happened to, uh,
America's first bullying era, which
was Bernard Baruch. At that point,
he was the American who held the most
amount of gold bullying as it was a little
over two tons of gold, which is
about a 75,000 ounces of gold.
It's over $125 million of true
wealth today. And when 1933,
the first major executive order
that president Roosevelt made on
April 5th was you have to
surrender the gold at $20,
67 cents.
The international rate Robert at the time
was about $29 us dollar equivalent in
Europe, but the American government,
whether you had a safety deposit box
or anything, they seized everything.
And they opened up the box and said,
you've got gold. You got to sell it.
Now at 20.67, then on January 30th,
the U S gold reserve act came out.
And that's when he repriced
the goal to $35 an ounce.
And it was a 69% increase like that.
And he needed to bring inflation.
The only thing I'm trying to warn everyone
who does own bullion and you need to
own bullion. And first of all, don't
tell your friends about it. Don't flaunt.
It don't show it off, uh, be
very careful where you store it.
Because another thing I think another
step that these negative swap blind
nations are going to do is take
a page out of Roosevelt's book
and force people. And remember
they, how America did it.
They actually made these guys testify.
They went to the gold miners and
the bullion and dealers and said,
show me who you sold all your goal to.
Then they went to those people and said,
you have to sell it to us.
That's what's going to happen to places
and negative swap line nations because
gold is pure money. And it's the quickest
way to get access to U S dollars.
And if they do that in a local currency,
like an origin story in Turkey,
if you produce gold, you can't just
sell it to a smelter outside of Turkey.
You've got to sell it to the fixed rate
to the government in, in their Libra,
in their local currency. Then you got,
you get dinged on the tax
and it's a lower rate.
Then you got to convert it to us dollars.
You get dinged at that at the
government rate, just like in Argentina.
So the governments are going to
clip and cut from each angle.
So I believe in being a bully and
air, I believe in owning bullying.
But I think before gold has
its massive incredible run.
And I think Rickards is right. It's
going to hit that $5,000 price.
We're going to see a lot of volatility.
I think that five years is
the timeframe to get to 5,000,
but you're going to see a lot of nations,
call it a strategic asset and do
exactly what America did in 1933 and
force its citizens to surrender or
nationalized their gold at the fixed
rate in their local currency, then
reprice it at the higher price.
So you want to be able to hold it
and survive to get to that five year
timeframe.
You're the best man.
You're the very best I'm so I'm
so glad you came on this program.
I want to thank George Gammon.
And I mean, that guy is fantastic.
George is great. It's fantastic. You
know, but anyway, thank very much.
We have to have you back because
you're talking about something.
I don't think anybody else knows
about. So Marin, thank you very,
very much from the
[inaudible] that just went against her
theory about us Canadians that's right.
And you, and you have a lot of
resources at your website, right? Right.
And this is all free. I'm not
trying to sell anything here.
I started as an educator. It's my
passion. It's my love. And you know what?
One last thing I'd leave you
with. It's not just your viewers.
I know that the largest,
the executives of the largest
producing gold companies in the world,
these are my buddies and not a single one,
not a single executive that
produces gold at like over 500,000
ounces of gold a year knew what a swap
line was. Right. I think about this.
They produce their revenues are touching
billions of dollars a year and not
a single one. I talked about
15 of them. Not a single one,
knew what a swap line was. And
after I walked them through it,
like they were blown away.
They went, Holy crap.
So that's why you want
to be invested in, in,
in positive swap line nations because
the political risk is not being priced
into the mining companies. Cause no,
one's talking about this. Thank you.
And Kim, and I know that very well cause
they took our goal in mine from us.
And again, I just want to say your,
the website is Katusa K a T USA.
Katusa research.com. Go check it
out and get yourself educated.
All right guys, take care. Thank you.
And we'll be right back. Welcome back.
Robert Kiyosaki at rich dad radio show
the good news, the bad news about money.
I want to thank Marin. Katusa fantastic.
You heard something less
than one 10th of one.
Thousands of a percent of people know
about it's called a shadow banking system.
And one part of that system, a thing
called swap lines. So Kim what'd you do?
Oh man, this, this was eye
opening. Cause I didn't know.
I didn't know what swap lines were.
I didn't know how this all plays out.
I didn't know that the ramifications
with gold, but the last line,
listen to this again. Cause the
last line that Marin said, he said,
if you're going to invest,
make sure you're investing
in the countries that are,
have the positive swap lines countries
that the U S is giving us dollars
too, because the other countries don't
like us and they're going to start doing
really bad things.
Well, what happened to
our gold mine in China?
Exactly what exactly what Marin said.
Once we developed it, once we found gold,
it was proven. Then the Chinese
government said, Oh, I'm sorry.
We're not going to renew your
permit. And they took it.
I said, cause we're polluting the water
and we weren't polluting the water.
The other thing is that is that I wrote
this book fake and I don't have any,
you know, it's not the Chinese people.
It's the CCP Chinese communist party.
And I was just in China this
past summer, I almost a year ago,
they bent my book fake
because I wrote about it.
And they actually had people watching
me every step of the way. You know,
I was one I'm on stage. They
had these people watch him,
make sure I've said nothing against
them. The reason I say that,
ladies and gentlemen, that's where America
is heading right now, all socially,
politically Iraq, the left
and all this other stuff.
They don't like capitalism
and all this, this,
this is anti-capitalist as they come,
they blame the people like Kim
and myself and our buddy Frank,
who was one of my best teachers
ever. They blame the capitalists,
but it's really the environmentalist.
And they blame the capitalist on the
environmental issues, social issues,
things that are not of the capitalist,
doing what they're using it. As you said,
they're using it as a ploy to do kind of.
That's the thing I'm really,
really afraid of is the S and
quasi environmentalist are
going into the school system and
environment is a Trojan horse,
but it's really to sell communism
to our kids. And I'm, you know,
so be very, very careful
of with Kim and I mean,
I'm so glad Marin said what he
had to say. Please listen to it.
Talk to your friends and family,
especially if they're environmentalist's
because a lot of this environmental
stuff is fake. Thank you for
listening to the rich dad radio show.
