Robert Kiyosaki Unloads on Dave Ramsey

Well, let me ask you directly why this is not taught in schools, because surely people should know this because school teachers are Marxists. My poor dad, rich dad, poor dad is a story of a Marxist versus a capitalist, you know, my poor dad was an academic guy he was a PhD who for the tents was poor helpless and desperate the smart guy was in school all the time time I knew all the answers to everything but I didn't know anything about this year and my rich dad was a man who had no school and ran the family store so when a 13 year old boy started learning about money and started saying , he says, he says, the mistake is that our schools teach us to work for this, don't they, why does Dave Ramsey say all debt is stupid?

Dave Ramsey is an idiot, that's why he doesn't, I mean part of my French, I mean, he and I here are who his target is, you know, when we first got together, I said who is his demographic, right? , you guys are real estate guys, Dave Ramsey is not. your teacher you are his teacher that makes sense so I want I'm a pilot I didn't ask a basketball player to teach me how to fly so when I went to Vietnam I wanted the best teachers so if not I couldn't be in real estate Dave Ramsey no is your teacher, you are if you understand that you choose your teachers, so Ramsay's advice is good for the average person who is trying to save these things here, think about this, okay, I was flying in Vietnam.

I bought my first gold coin, I paid $50 for it, so it was 50 of these for one of these, today it's 22,200 for one of these and how much the dollars have gone down and mom and dad are working hard not to go into debt like damn idiots. yeah, but it's the best advice for mom and dad, they're the gamblers, you know? I use the term gambler, they just have no idea what's going on, they get up, they get up, they get up and they're happy, but if you're going to be a rich man or a poor man, a rich man your end game is gold. this has been money for centuries this is silver it is the best investment today in the US it takes 35 of these to buy one of these so I tell my brothers and my sisters and all that hey change this piece of paper hygienic for this oh no Dave Ramsey said save money and my family is broke but they follow my poor dad and go I have a master's degree what do you have and a master's degree?

I can get someone to have a debt of 100,000, isn't that a bad debt? I have a billion dollar debt you have a billion dollar debt because debt is money it happened in 1971 President Nixon took this separately so what became money was a US bond Now Dave Ramsey and most of these Financial planners in the City of London recommend buying bonds. Bonuses are the worst possible advice. Why are they collapsing? Three banks went down in a row because their bonds collapsed, so please listen to what I'm saying. Our financial planners, as we call them in America, always say you want 40, 40% in stocks, 40% in bonds and 10% in gold or something like that, they think bonds are safe, but now that interest rates are going So, let's see when the interest rates will be? bonds go up bonds go down so today the chairman of the US Federal Reserve uh president po is raising interest rates bonds are going down our banks are collapsing when our banks collapse they can't lend this and when they can't lend this the economy crashes so the people who will win are the people who have gold and silver and mom and dad who are saving this would be eliminated because to save the world economy as you know the United States is going to print trillions of these what was ?

Her name is Tusk or something, she was your prime minister for a short period of time, yes I trust, yes when she tried to ruin this your pensions went down so mark my words old men like me in the UK , the United States and most of Europe do not have. pensions, so you decided to let me say it again? We don't have pensions, there are no pensions, they're over, but they don't know it yet. Yes, I think like a capitalist, not like a Marxist, no, I don't want it to be the same. You kick my ass, I'll kick your ass, does that make sense?

Yes, that's why I love this game. Then you think about free markets. You know, competition is healthy and good for certain people if you're not competitive and you're a weakling and a crybaby, you know, follow Dave Ramsey. Whoa, hey, quick before you go, if you want to watch the full uncut version of this episode in detail, without waiting, SP, you can watch it here, but before you go, make sure you like this video. Subscribe to the channel and activate the notification bell.