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Rich Dad Radio Show: In-Your-Face Advice on Investing, Personal Finance, & Starting a Business
Dot Com Bust 2.0? $600B Just Wiped Out!
00:31:42
Is history repeating itself? We could be witnessing Dot Com Bust 2.0—but this time, it’s AI! 🚨 With $600 BILLION wiped out from major tech stocks, is the AI boom on the verge of a collapse? In this episode of The Rich Dad Radio Show, Robert Kiyosaki...
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- [00:02]
Robert Kiyosaki
This is the Rich Dad Radio Show. The good news and bad news about money. Here's Robert Kiyosaki.
- [00:09]
Hello, hello, hello, Robert Kiyosaki, the Rich Dad Radio Show. And we have a very interesting show today with. I've never met him face to face, but I think I've known him all my life. And we're going to go into that because we're going to be talking about a man named Donald Trump. And our guest today is Gerald Salante. But it's not so much the person, but where we're from. And Gerald is from Queens and he lives in New York. I went to school near Queens on the Long Island. And President Trump is from Queens and he shocked the world when a boy from Queens moved into Manhattan and, and started to buy it. And the reason I wanted Gerald on this program today, because old Donald Trump, man, he has as many people that hate him. I mean, hate him as much as people love him. And we're going to be talking about the Queen's style of negotiations because if you're not tough in Queens, you're flatter than a pizza. Gotta be tough. And I'm so glad I went to school right there riding the Long Island Railroad all the time and growing up in Queens because I came up from Hawaii and everybody's aloha and nice and sweet and you get to New York, man, they don't give a shit what you think of them. They'll, they'll tell you straight to your face, straight to your face. And by the way, here's a picture. I'll send this to Gerald. It's a picture of the Donald and I, and I don't think you can see it. There's a patch on his ear. This is the day after he got shot. And so where Donald and I were in Milwaukee together for the Republican National Convention. And I feel such a kindred spirit with Donald and our guest, Gerald Celente, because if you don't grow up in Queens, you're a wimp. You know what I mean? So, Joe, we're going to talk about the Queen's attitude towards negotiation. Only Donald would say, we're going to change the Gulf of Mexico to the Gulf of America. That's so Queens, you know what I mean? And we're going to take Greenland. He doesn't even own the damn thing, but he's going to buy it anyway. And it's that attitude. So, Joe, welcome to the Rich dad radio show. I feel like I've known you for all my life because we grew up in the same part of the world. So give us a little bit of your background for us in the Trends Journal. Of course. But it's Queens I want to talk about.
- [02:40]
Gerald Celente
Well, actually, and thank you so much for having me on. I honor everything that you do, and when it comes to the economy, where things are going and. And seeing it ahead, you know, you're the guy that does it. And so thank you very much and for all the great work you've done. Actually, I'm from the Bronx.
- [02:59]
Robert Kiyosaki
From the Bronx.
- [03:01]
Gerald Celente
A Monopolitano from the Bronx.
- [03:03]
Robert Kiyosaki
Okay. That's the same. The same part of the world.
- [03:06]
Gerald Celente
Oh, it's. It's a little different trip. It's a little harder trip. And again, you know, I'm the same age, you know, as we are, as Trump.
- [03:14]
Robert Kiyosaki
And we.
- [03:15]
Gerald Celente
We were born at the perfect time in America.
- [03:19]
Robert Kiyosaki
Right.
- [03:21]
Gerald Celente
It's right after World War II. Of the spirit. The spirit is at the height. Matter of fact, one of my books is called what Zitzi Gave Honey Boy. Zitzi is the Neapolitan dialect for Auntie. Zia is Aunt. Zizi is Auntie, and the love, the spirit, and the freedom that you had. And you're talking about Trump being Trump and who he is. I was a premature. I was in an incubator for a number of months. My dad, may they all rest in peace, was over six feet. My sister's like, five, nine, five ten. My brothers are over six feet. I was only five six. And I come home crying one day, and I'm about 6 years old, and my father. What are you crying about? I said, I got beat up. He said, you don't come home crying. And he walked away from me. I became the toughest kid. I was the smallest, but I was the fastest. And when you had that Bronx attitude, you know, there were no. There are no rules to anything. You're just yourself. And I'll never forget when Trump, when I knew he was going to win the election back in 2016, they had a debate, and there was a little Jeb Bush on the stage over there, and Trump goes up to him and puts his arm around him and said, basically, you know, you're a little nobody. But he didn't say it like that, but. And. And little Jeb Bush just went like this. That was the Trump attitude.
- [04:57]
Robert Kiyosaki
Yeah.
- [04:58]
Gerald Celente
Trump put his shoulder. His arm on my shoulder. I get that arm right off me, you know? But little Jebby Bush was a little daddy's boy.
- [05:06]
Robert Kiyosaki
Yeah.
- [05:07]
Gerald Celente
Didn't have the fight in them. So Trump, we Had forecast in our magazine that Trump would beat Hillary Clinton. By the way, I got it wrong this election. I thought in the beginning Harris was going to win. And again, only because of the data. And the data show that the Republicans didn't do well in the midterm election because the number one issue back then, again only by the data, was the abortion issue. And they didn't. And the Republicans were against abortion. The Democrats were for it. And this is when inflation was at 9% and Biden's ratings were in the toilet back in 2022 and Republicans didn't do well. So I thought, anyway, so going back to Trump, now he's in and he has that attitude, don't tell me what to do, I'm going to tell you what to do. And he's going to do it in any way he wants to do it. Love it. Again, I'm a political atheist. I'm not on any side. And I was the assistant to the secretary of the New York State Senate. There's a picture of me when I picked up Ronald Reagan at the Chicago Hilton and put on a brunch with 16 of our board of directors two days before he's announcing he's running against Gerald Ford. And I used to work on major political campaigns in Westchester county. And that's how I got begotten, got my start. So I've been on the other side. So I don't to me neither. I'm not a member of either party. So we look at facts for the way they are, where they're going. And this Trump thing is going to be a whole different trip that we've never seen in modern times.
- [06:41]
Robert Kiyosaki
Right? He is going to shake it upside down. You know, another thing, I want to talk about the Bronx because I just, I had such fond memories of going to schools. 18 years old when I get there. And we had this kid named Al Novak from the Bronx. And you know, because you all want, you want to play basketball, but there's 10 guys, there's only five guys can make the team. And if you couldn't hit from three feet, you weren't on the team. You know what I mean? So one day I was, I was there shooting with Novak, and he could hit. Every kid from the Bronx could shoot baskets, you know what I mean? Because that's how they survived. Because if you couldn't hit from three for the three pointer, you didn't get the team. I still remember I said, these guys are so much tougher than I am. Does that make sense to you? I mean, so much tougher. I remember riding the Long Island Railroad and I asked the conductor, would you wake me up outside of Great Neck? He told me to fuck off. And so, Gerald, what I talk to you today about is this guy Trump is going to shake up the world. We're talking about the banksters. But man, this guy is kicking butt. I mean, you know, he comes up with his tariffs and immediately Canada connect caves, Mexico caves. And it was like, China's going to cave. So Trump gets up there, he doesn't get pushed around. And so anything can add to that attitude of the Queens or the Bronx with the upper, that New York style attitude of negotiation. He's a tough son of a, you know, to build, to build high rises in New York City, you've got to be so damn tough, work with all those unions. So what can you add to the, the that opera queens, Bronx attitude of how you have to grow up?
- [08:31]
Gerald Celente
Well, you know, again, you're on your own. You know, when I get in a fight with my father, he'd say to me a little sob. So you think I'm telling you what I'm telling you because I want you to be like me. I want you to become yourself. And that, that was the attitude. You know, you're on your own, you got to make it on your own. And again, Trump was very fortunate. You know, he came from, he came from a muddy group over there, you know, so he had a good start.
- [08:58]
Robert Kiyosaki
Yeah.
- [08:59]
Gerald Celente
But there's no question that he's going to do what he wants to do. Again, the good and the bad of it. I'm not in favor of some of the things that he does, particularly on the geopolitical side, on the economic side. He is going to do everything he can to keep pumping up the economy to us. There's no question about it. And that means that. But there's the wild cards and you can't ignore the wild cards. And one of the big wild cards that was just dealt last week was the deep sea card and the whole how this whole AI thing is going and we're very concerned that is there going to be a dot com bust? Because that to us is a reality. And by the way, this was a trends journal back in 1999 when it was a quarterly. And there's the article right here.com this I forecast the dot com bust. I said it would happen by the second quarter of 2000. It's right here. It did. It happened in March. Now let's go back to the AI Trends are born. They Grow, they mature, reach old age and die. The AI has just been born, what, two years ago, three years ago. So we call the dot com bus because all this money was flowing into these. Remember, that's the beginning of the Internet revolution.
- [10:28]
Robert Kiyosaki
Right.
- [10:29]
Gerald Celente
It didn't happen, what, until like the early 90s.
- [10:31]
Robert Kiyosaki
That's dot com, all that stuff. Yeah, you put dot com after your name. You were in business, you got it.
- [10:38]
Gerald Celente
And so we said this thing's going to go down. The same thing happened with AI. Everybody, not everybody, but a load of the companies. The companies, the hedge funds, etc. Invested hundreds of billions of dollars into this AI without any startup companies, the startups, and all of a sudden they come out with this deep seek or deep freak. I'm not sure they come out with, yeah, we could do this a lot cheaper. It's not going to cost $100 million, it's going to cost $6 million.
- [11:13]
Robert Kiyosaki
That's the choice.
- [11:14]
Gerald Celente
Power plants that we're going to build because we have to get these big chips. No, we don't need these big chips. This could, this is very important for us to watch as trend forecasters because there could be a lot of defaults on these startup companies and we could have a dot com bus 2.0. So going back to the wild cards, as much as Trump is going to do to try to keep this economy going, if that wild card is dealt as a dot com bus, it's going to be a tough trip.
- [11:44]
Robert Kiyosaki
What do you see? I mean, look, I'm going to let you plug your Trends Journal because it's a fabulous publication. You're on the pulse. But what do you see? I mean, you know, when people ask me about AI, it's called a college degree. I don't, I don't have any education. I think I know something. And when Deep Seat came out, I said, I'm going, I don't know anything about it. But what, what do you see from the trend side?
- [12:07]
Gerald Celente
Actually, this week we're going to, we're doing a whole section on it and the COVID of the magazine is this. This week is going to be.combus 2.0. It could well happen. This is very serious. I mean, you look at that Nvidia, what did they lose? Their stocks last week went down 17% and a whole load of other companies went down with it where they lost $600 billion, you know, and they rebounded a little bit. But this is very serious because again, the trend has just been born and you have a lot of these startups that they invested all this money in. And again, also going into the building all of these resources to create more energy to build the chips. You're not going to need these big advanced chips is what we're seeing now. And again, this whole AI again, as we said from the beginning, when AI happened, we, this is just going to keep expanding. This is just the beginning of it. It's just going to keep growing. But we warned from the beginning to watch out for overinvestment into startup companies that are trying to get in the game, that are inventing something new and they don't know how to invent it when it was old. That's our concern. So we think that this is just the beginning of that could very well be a dot com bust.
- [13:37]
Robert Kiyosaki
Okay, ladies and gentlemen, we're listening to my friend Gerald Celente from the New York, Queens, Bronx, Long island area, Northern Jersey, where, you know, my first vacation, Gerald, ever in the States was in Jersey City. So my view of the world wasn't that affluent, but it was an interesting start. And we have a friend in con named Donald Trump and he is one of the toughest negotiators I've ever seen. He just brought, you know, China, Canada and Mexico to their knees. He's a tough bastard, but people don't like that. So we come back, you know, Gerald's part of the Trends Journal. He warned about the.com bus and we have pets.com and all that stuff. And everybody was rushing into dot coms.
- [14:22]
Gerald Celente
Yeah. You remember?
- [14:23]
Robert Kiyosaki
Yeah.
- [14:23]
Gerald Celente
You wrote about.
- [14:24]
Robert Kiyosaki
Yeah. About, about AI, artificial intelligence. So we come back, we'll have our friend Gerald go into more what he sees for the future of AI. But more importantly is I share his concern that overinvestment may suck the whole economy down the gurgler with it because too many people were betting on something that did not exist. We're right back with Gerald Slinte. Thank you.
- [14:52]
Donald Trump returned to office and Republicans take control of the House and Senate. It's huge news, but the challenges we face as a nation are still here. In four years of chaos, the dollar has lost value, inflation run rapid, interest rates through the roof, and wars rage across the globe. Trump has inherited an economy that's a total mess and the burden to rebuild is huge. This isn't going to get fixed overnight. Especially with the ongoing assaults of the dollar from brics nations and our growing national debt. Your savings are still vulnerable. Gambling with your wealth is not an option. If we've learned anything, it's that we need to take Action and protect what we've worked so hard to earn. That's why we partnered with Allegiance Gold, a company we trust to help you protect your financial future. Gold and silver are time tested ways to hedge against economic chaos. They're not just investments, they're peace of mind for your wealth. When you start your investment with Allegiance Gold today, you'll get free silver as part of their exclusive offer. Just mention Robert sent you and they'll take care of you. Don't sit on the sidelines. Act today. Secure your wealth. Go to protectwithrobert.com or call 8443-ROBERT. That's 844-376-2378. Let them help you get started. Protectwithrobert.com Donald Trump returned to office and Republicans take control of the House and Senate. It's huge news, but the challenges we face as a nation are still here. In four years of chaos, the dollar has lost value. Inflation run rapid, interest rates through the roof, and wars rage across the globe. Trump has inherited an economy that's a total mess and the burden to rebuild is huge. This isn't going to get fixed overnight. Especially with the ongoing assaults of the dollar from BRICS nations and our growing national debt. Your savings are still vulnerable. Gambling with your wealth is not an option. If we've learned anything, it's that we need to take action and protect what we've worked so hard to earn. That's why we partnered with Allegiance Gold, a company we trust to help you protect your financial future. Gold and silver are time tested ways to hedge against economic chaos. They're not just investments, they're peace of mind for your wealth. When you start your investment with Allegiance Gold today, you'll get free silver as part of their exclusive offer. Just mention Robert sent you and they'll take care of you. Don't sit on the sidelines. Act today. Secure your wealth. Go to protectwithrobert.com or call 8443-ROBERT. That's 844-376-2378. Let them help you get started. For techwithrobert.com.
- [17:41]
Welcome back. Robert Kiyosaki, Rich dad radio show. Longtime friend and guest Gerald Celente. And we're talking about our friend Donald, who, you know, when we all kind of grew up in the same area, I went to school on Long Island. Gerald's from the Bronx and Trump's from Queens. I remember when Trump made his move from Queens into the city and a boy from Queens started buying the most prestigious real estate in the world. And now he's President and he's not going to, he's not going to back down. I mean he threatened Canada, they backed off, threatened Mexico, they backed off. But he's getting the job done. I think China is going to back off. But Gerald and I are going to talk about today, he's the Trends Journal. I suggest everybody get a copy of it. You want to find out what's going to happen in the near future. But we're going to talk about AI because AI sounds like dot com. And I remember when everybody was rushing into the dot com world, everybody was just throwing billions at it. And when it crashed, the economy crashed with it. So my concern is this AI is going to suck it down the gurgler, there's too much money floating out there. And the banksters, as gerald calls them, J.P. morgan and those characters, they're just licking their chops because they're going to make so much money because they make money whether it goes up or it comes down. So welcome to the Rich dad radio show, Gerald. And let's continue on what you see happening with AI and some of the trends and I'd like to have you comment, tell people how they can, first of all, how can they get their hands on the Trans Journal?
- [19:22]
Gerald Celente
Well, they could go to trendsjournal.com trendsjournal.com and it's over. It's almost 200 pages a week. We cover everything from geopolitics, economics, high tech, science, technocracy, health, fitness, on and on and on. It's a magazine. You read what you want and it's in, you can listen to it, it's in different languages. And of course you could get a discount when you go to your code and it's only $2.50 a week. With that discount, the, we're hardly getting anything anymore from the mainstream media. Journalism is dead. They keep firing people, firing people. And again, I want to thank you for being on, having me on. And you're a man that's called the shots long before most people. And we're talking about the dot com bust. And there's another, by the way, the NASDAQ went down what, 80, 80%. 80% when, when it crashed. And we're, we're in that kind of situation. And there's something else that no one's talking about and that's the office building bust.
- [20:32]
Robert Kiyosaki
True.
- [20:33]
Gerald Celente
The, your, your office, you could Google it up. Castle Systems with a K or the last time I looked, I didn't look at this week. Last week the office occupancy rate was 49.7%. Your office vacancy rate in the 10 largest cities, vacant, nobody in it. 20%. Now the COVID began one 2020.
- [21:00]
Robert Kiyosaki
Yeah.
- [21:01]
Gerald Celente
Now those people aren't renewing their leases after five years. We don't need all that space. You had a building in New York City, 50th Street, Midtown, last year, in 2000. In 2006 it sold for 320 or 312 million dollars. It went up for auction. Sports Illustrated used to be there. One after another went up for auction. It sold for 8.5 million.
- [21:31]
Robert Kiyosaki
Holy mackerel.
- [21:33]
Gerald Celente
Yep. It's a fact. Anybody could look it up. There are now, depending on whose numbers you're looking at and by the way, the 20% vacancy rates from Moody's. We're looking at between $2 to $4 trillion in commercial real estate debt coming due this year. And next year there's going to be defaults. We're forecasting an office building bust that's going to start bringing down those banks. Let's go back to 2023. Three banks went down. Silicon Con Man Valley Bank, First Republic.
- [22:09]
Robert Kiyosaki
And Signature Bank, Credit, Credit Credit Swiss, some Swiss bank went down too.
- [22:15]
Gerald Celente
That went down too. And what happened to the equity markets? But they went down. And what happened to the gold shot up. We're in that same situation but many, many times worse. And it's not all in the United States. It's. Yeah. So that's why I say it.
- [22:37]
Robert Kiyosaki
I wrote a book in 2013 that the biggest real estate bus was coming. It was Rich dad's prophecy. And it's just because I could see all the stupidity of what you call the banksters and debt. And national debt of America is about 36 trillion. Our monthly, our annual payment on debt is a trillion. And you know how long it takes to pay a trillion dollars a dollar a second?
- [23:02]
Gerald Celente
Yep.
- [23:03]
Robert Kiyosaki
36, 88 years. And we're the biggest debtor nation in history. So they have AI is the AIs they. Was that from the Chicago fire? The woman, the cow kicked over the lantern when she was milking the cow and it burned down Chicago. And so do you think AI is going to be that fire that starts.
- [23:27]
Gerald Celente
We definitely do it. It's really a risk. It's really a risk because you have these companies that are doing AI for again 6 million rather than 100 million. But again, you just mentioned the debt. This is an article from the Wall Street Journal on February 3rd. Wall street frets over U.S. debt plan. It's exactly what you're saying. You said 36 trillion. When you look at the numbers behind what they have to pay out in the future.
- [24:04]
Robert Kiyosaki
Oh, right, right.
- [24:05]
Gerald Celente
What is it, about 220 trillion.
- [24:08]
Robert Kiyosaki
Yep, yep, yep. So one of the things it's called.
- [24:13]
Gerald Celente
Yeah. There's no way, you know, the other thing, you know, Trump is very pro crypto. He says he's not going to do it, but you know, he does change his mind with things. Could we see a central bank, digital currency coming? What do you think?
- [24:35]
Robert Kiyosaki
But Jim Rickert says this is interesting because Jim Records was part of the long term capital failure and the Asian debt crisis. He says they bailed out Wall Street. Who's going to bail out the central banks next? So that's what Records is forecasting.
- [24:52]
Gerald Celente
Yep.
- [24:52]
Robert Kiyosaki
Anyway, it's really an interesting time. It's not a time to be complacent anyway.
- [24:56]
Gerald Celente
No, no, you have to keep learning. And again, you know, we look at things for the way they are, not the way we want them to be. But going back to the, you know, Trump is very big into the digital world and of course, you know, a lot of the digital guys threw a lot of dough into there too.
- [25:13]
Robert Kiyosaki
So he goes where the money is, follow the money. Yeah.
- [25:19]
Gerald Celente
And as the old Bronx saying goes, money talks, bullshit walks, you know, so the could they, let's go to China. Look what, you just put your palm out and you're paying. Nobody's using currency anymore. And, and I believe that they're going to come out with to, to build, to get rid of this debt level. They're going to say we're going away with that dirty cash and we're coming into digital trash. So we're going digital again. Goes back to AI. All things are connected. The younger world is all digitized. They'll be very happy with a digital coin. Yeah, Everything is going to become digitized. Oh, remember when we were old? I know a lot of people don't remember this. There used to be things called musicians. Now everything's synthesized. It's a whole different world. The people are used to it.
- [26:13]
Robert Kiyosaki
Yeah.
- [26:15]
Gerald Celente
So I think a digital coin is going to come out and I can think more and more central banks to beat their debt level. They're going to come out and create something new again. Look what Roosevelt did. Turn in your gold. Turn in your gold. They'll do anything they want.
- [26:35]
Robert Kiyosaki
Yeah. What Joel's talking about, it was back in 1933. President Roosevelt took all the gold away and then I think it was a 24 bucks or something. He brought it back at 35 and fortune on it. But anyway, Gerald talks about the banksters. And this is the thing that I was watching, gerald was in 1971, Nixon took the dollar off the gold standard and the dollar became debt in 1971. And I've heard people call America, you know, they have Saudi Arabia exports oil, America exports debt. And I'm watching this debt grow all over the world and everybody's in debt. Credit card debt, mortgage debt, student loan debt. What does the trans forecast have to say about debt or any. Do you guys do anything on that one?
- [27:26]
Gerald Celente
Oh, yeah. Again this week we're just writing about the consumer debt. You know, the credit card debt's going way up and global debt again. And the debt is really an issue. And by the way, 1971, you know who the treasury secretary was? John Connally.
- [27:44]
Robert Kiyosaki
Yeah, he got shot.
- [27:47]
Gerald Celente
I could send you after you get off the air, I'll show you a picture of me, John Connally and his wife Nellie. 1992, in front of the Book Depository. Oh, his first time back. Their first time back since the assassination. He wanted to meet me because one of my books Trend Tracking Far Better than Mega Trends. This is two weeks before the 92 election. I had forecasted back in 89 that the public was looking for a new third party, someone like Ross Perot. Now, I'm only mentioning this because you mentioned about taking us off the gold standard. Connally was the Democratic governor of Texas back in the day. When he took the bullet in the back, as we're going back into the Anatol Hotel, he said to me, I read your book. He said, it's a fine piece of work and I know your heart's in the right place. He said, well, you don't have a clue what's going on and neither do the American people because if they did, there'd be a revolution in this country. This is the John Connolly that the Democrat governor took the bullet in the back. That was also the treasury secretary under Nixon that took us off the gold standard.
- [29:04]
Robert Kiyosaki
Yeah, yeah.
- [29:09]
Gerald Celente
There's a lot going on behind the scenes that we don't know about.
- [29:12]
Robert Kiyosaki
Right. You look at countries like Japan right now, they're in debt up to their eyeball. And what they started to do is this is my concern. There was a thing called miti, Ministry of Finance. They advised the Japanese Central bank of Japan and they printed trillions, trillions of yen, but they never devalued the yen. So they kept the yen strong and just printed trillions of it. And they were buying people like you Know, like Madison Square Garden, they were buying pebble beach and all this stuff. So those are those banksters you talk about, aren't you?
- [29:52]
Gerald Celente
Yeah. Now these are serious times, you know.
- [29:57]
Robert Kiyosaki
Yeah.
- [29:58]
Gerald Celente
I don't give finance, we don't give financial advice. But we're bullish on, we're bullish on bitcoin, on cryptos, particularly bitcoin. We've only began to become bullish back in 2017 and we're still very bullish on gold because it's a safe haven asset and there's a lot of concern going on. One of our top trends for 2024 was we said it would be a golden year for gold and gold prices went up 25% last year. I didn't think gold prices would go up as high as they are right now. No, this is beyond. But the reason is there is a lot of concern going on, particularly in the investment group. They know that the valuations of the stocks are quite high. And this AI is very, very concerning to a lot of people that are looking at it very deeply. And I have to tell you, I'm surprised at the openness in a lot of the reporting going on in the mainstream media giving the facts about the true dangers of it because usually they try to cover it up not to freak people out, but they're putting a lot of facts down that are very important for people to understand that's going on with this AI world. And again, here's your cover. You ma. This is what we wrote by the way, back in 1999. Dot com overload will short circuit many high expectations for huge profits in Internet commerce, entertainment and the wide array of.com services. Following the holiday season, many of today's high flying Internet stocks, the hottest IPOs and newly emerging IPO wannabes will have begun their deep descent from their overvalued heights. And that's exactly what we have now. Newly emerging IPO wannabes inventing stuff that's brand new that they don't know where it's going. And these venture capitalists and a lot of the others invested a lot of dough in this and they're going to lose it.
- [32:24]
Robert Kiyosaki
So Gerald, thank you very much. And for a fellow, I consider myself a New Yorker with the attitude and that's why I love Trump, man. He says I'll just take the Gulf of Mexico with me and take Greenland. And it pisses people off. He's making tremendous, he's shaking the world up, like it or not. So Gerald, thank you for the Trans Journal and all this and I'd like to have you back on and let's keep doing what we do because somebody's got to be out there speaking for everybody. So thank you, Gerald.
- [32:56]
Gerald Celente
Thank you for all that you do. I so much appreciate being on with you, all the great work that you've done. Thank you so much.
- [33:03]
Robert Kiyosaki
You and I are joined at the hip, my friend. You and I are joined at the hip. So we come back, we'll have a final word from rich dad.
- [33:12]
Donald Trump returned to office and Republicans take control of the House and Senate. It's huge news, but the challenges we face as a nation are still here. In four years of chaos, the dollar has lost value. Inflation run rapid interest rates through the roof, and wars rage across the globe. Trump has inherited an economy that's a total mess and the burden to rebuild is huge. This isn't going to get fixed overnight. Especially with the ongoing assaults of the dollar from brics nations and our growing national debt. Your savings are still vulnerable. Gambling with your wealth is not an option. If we've learned anything is that we need to take action and protect what we've worked so hard to earn. That's why we partner with Allegiance Gold, a company we trust to help you protect your financial future. Gold and silver are time tested ways to to hedge against economic chaos. They're not just investments, they're peace of mind for your wealth. When you start your investment with Allegiance Gold today, you'll get free silver as part of their exclusive offer. Just mention Robert sent you and they'll take care of you. Don't sit on the sidelines. Act today. Secure your wealth. Go to protectwithrobert.com or call 8443-ROBERT. That's 844-3376-2378. Let them help you get started. For techwithrobert.com.
- [34:38]
Welcome back. I want to thank my friend Gerald Salente. Like, I've never met him, but like I said, we all grew up in the same part of the world, which was Long Island, New York City, Bronx and northern New Jersey. And that's where this man here, O'Donnell is from. And this was a picture of him I took with him and the patch is still on his ear. He was shot the day before and that guy is so tough. I don't, you know, he, he, Gerald and I are the same age. I don't know how he keeps going, but like him or hate him, just that's his style. And he's going to keep his promise to make America great again. But unfortunately, he has some strong headwinds and a tough economy, a lot of people that hate him. So, anyway, I want to thank Gerald and I want to thank all of you. I think it's time we also got tougher again and not get pushed around so much. So thank you for watching the Rich dad radio show. And, you know, please invest in your financial education, because nobody cares more about your money than you do. Thank you very much. This podcast is a presentation of Rich Dad Media Network.