The Big Print Is Here… And It’s Killing the Middle Class

Summary

Rich Dad Radio Show: "The Big Print Is Here… And It’s Killing the Middle Class"

Host: Robert Kiyosaki
Guest: Lawrence Lepard
Release Date: June 18, 2025
Podcast: Rich Dad Radio Show: In-Your-Face Advice on Investing, Personal Finance, & Starting a Business

---

1. Introduction and Guest Overview

In this compelling episode of the Rich Dad Radio Show, host Robert Kiyosaki welcomes Lawrence Lepard, the author of "The Big Print," a book that delves into the current state of the monetary system and its impact on the middle class. Kiyosaki expresses his enthusiasm for Lepard's work, highlighting its alignment with his own financial philosophies inspired by his studies, including Buckminster Fuller's "Grunch of Giants."

Notable Quote:

• Robert Kiyosaki [01:46]: "This book, the Grunch is your chapter one, huh? It's you nailed."

---

2. The Core Issue: Monetary Policy and Wealth Inequality

Lepard articulates his primary concern: society's adherence to the Keynesian monetary model has led to significant issues such as wealth inequality, inflation, and ongoing conflicts. He argues that despite technological advancements that facilitate communication and broadcasting, the underlying monetary system remains archaic, better suited to the 18th or 19th century, thus exacerbating financial disparities.

Notable Quotes:

• Lawrence Lepard [03:21]: "Society has gone down the wrong path by following the Keynesian monetary model."
• Robert Kiyosaki [08:44]: "We're still operating with a government and a monetary operating system that is better suited to the 18th century or the 19th century."

---

3. Historical Context and the "Big Print" Phenomenon

Lepard explains the concept of the "Big Print," referring to the massive increase in the money supply by central banks, notably during the 2008 financial crisis and the COVID-19 pandemic. He details how these actions have led to unprecedented inflation rates, benefiting the wealthy while stifling the purchasing power of the middle and lower classes.

Notable Quotes:

• Lawrence Lepard [10:38]: "The nation's 220-some years old, and they grew the money supply by 40%."
• Robert Kiyosaki [12:39]: "This is a five-dollar bill. This is toilet paper as far as I'm concerned."

---

4. The Fourth Turning Theory and Societal Shifts

The discussion transitions to the Fourth Turning theory, which posits that every 80 to 100 years, society undergoes significant upheavals that reshape its fundamental structures. Lepard connects the current monetary policies to this theory, predicting substantial changes in the monetary system within the next decade to three decades, potentially leading to severe inflation or the collapse of fiat currencies.

Notable Quotes:

• Lawrence Lepard [34:13]: "Fourth turnings occur. That's how. And Strauss wrote a book by that title."
• Robert Kiyosaki [34:25]: "The Chinese were the first to print money. Then came the Germans and the Romans."

---

5. Solutions and Personal Investment Strategies

To counteract the detrimental effects of the current monetary system, Lepard emphasizes the importance of sound money and advocates for investments in assets like physical gold and Bitcoin. He criticizes traditional financial advisors for ignoring these assets due to conflicts of interest and highlights Bitcoin's fixed supply as a superior form of money that cannot be diluted.

Notable Quotes:

• Robert Kiyosaki [26:08]: "Why isn't everybody on Bitcoin? I mean, all you do is get 10th, whatever. Yeah, it's designed to make you rich."
• Lawrence Lepard [25:03]: "Bitcoin represents the future of money. My children and grandchildren will price things in satoshis."

Lepard also discusses the psychological aspects of investing, such as overcoming skepticism and maintaining conviction during market volatility. He underscores the potential for significant wealth accumulation by understanding and leveraging these financial tools.

Notable Quotes:

• Lawrence Lepard [32:29]: "Don't put more in it than you can afford. The volatility... you can live with a drawdown of 50%."
• Robert Kiyosaki [30:12]: "I should have bought more."

---

6. Conclusion and Call to Action

The episode concludes with a strong call to action, urging listeners to educate themselves by reading Lepard's "The Big Print" and other foundational texts like "The Bitcoin Standard" by Saifedean Ammous. Kiyosaki emphasizes the urgency of understanding the monetary system's flaws to protect personal wealth and advocate for systemic change.

Notable Quotes:

• Lawrence Lepard [37:17]: "Sound money is a moral issue, and it's written into our constitution."
• Robert Kiyosaki [38:06]: "Remember that wheelbarrow full of money led to Adolf Hitler."

Kiyosaki expresses a commitment to partnering with Lepard in spreading this crucial financial knowledge, highlighting the importance of collective awareness and action to avert potential civil unrest stemming from economic disparities.

---

Key Takeaways:

• "The Big Print" exposes how excessive money printing by central banks disproportionately harms the middle and lower classes by devaluing currency and escalating inflation.
• Historical patterns indicate that such monetary policies lead to societal upheavals, aligning with the Fourth Turning theory.
• Investing in sound assets like physical gold and Bitcoin can serve as a hedge against monetary devaluation and offer pathways to financial security.
• Education and awareness are paramount for individuals to navigate and mitigate the adverse effects of the current monetary system.

---

Additional Resources:

• Book Mentioned: Lepard, L. "The Big Print."
• Related Reading: Kiyosaki, R. "Rich Dad Poor Dad." | Ammous, S. "The Bitcoin Standard."

---

Disclaimer: The podcast episode includes promotional segments for products and services, such as Apple Card and Odoo. These sections have been excluded from this summary to focus on the core content and discussions relevant to financial education and investment strategies.

Transcript

[Robert Kiyosaki]

This message is brought to you by Apple Card. Each Apple product, like the iPhone 16, is thoughtfully designed by skilled designers. The titanium Apple Card is no different. It's laser etched, has no numbers, and earns you daily cash back on everything you buy, including 3% back on everything at Apple. Apply for Apple Card on your iPhone in minutes. Subject to credit approval. Apple Card is issued by Goldman Sachs Bank USA. Sam Salt Lake City Branch terms and [e-mail] this message is brought to you by Apple Card. Apply for Apple Card today and start earning up to 3% daily cash back on everyday purchases. And that daily cash can even grow automatically when you open a high yield savings account through Apple Car. What you waiting for? Visit Apple Co backslash card calculator today to see how much daily cash you can earn. Subject to credit approval, Savings is available to Apple Card owners subject to eligibility. Savings and Apple Card by Goldman Sachs Bank USA Salt Lake City Branch memory FDIC terms and [e-mail] this is the Rich Dad Radio Show. The good news and bad news about money. Here's Robert Kiyosaki.

Hello, hello, hello, Robert Kiyosaki, the Rich Dad Radio show broadcasting from Phoenix, Arizona, where it's either heaven or hell. And it's just about to turn to hell right now. It's pretty pleasant though, and I'm very excited today. Our guest is Lawrence Lepard. And the reason I say that is for those who followed me, you know, I'm a fanatic on this subject called money. This is the creature from Jekyll Island. You can see I study like, like an idiot. And this is my book, prophecy and. But Lawrence, this is the book that turned me on was called the Grunch of Giants by Dr. Art Buckminster Fuller.

[Lawrence Lepard]

Oh, yeah.

[Robert Kiyosaki]

This book, the Grunch is your chapter one, huh? It's you nailed. I mean, this book was written in 84, something like that, whatever. 74. And I was a student of his for three years.

[Lawrence Lepard]

You were lucky.

[Robert Kiyosaki]

The greatest geniuses of our times. And he's a futurist. And he wrote grunch of giants and grunts stands for gross universal cash ice. So when I read your book here, the big print, this book back 30, 40, 50 years ago now is your chapter one.

[Lawrence Lepard]

That guy's a genius. Yeah, no, I, I knew of him and I. There were some other books he wrote, but I haven't read his work. But I've known of him through various people and he is a genius. You were lucky to study under him.

[Robert Kiyosaki]

I've been very Blessed, Very blessed. And like. But the greatest part about my, my life right now, get to talk to guys like you. So I'm, I'm thrilled.

[Lawrence Lepard]

I feel the same. I feel the same way. As, you know, I'm rich, dad changed my life. So I'm honored.

[Robert Kiyosaki]

I'm honored. I am very honored. So you and I are going to travel the world. We're going to spread the gospel, because I was saying to Lawrence that this, I'm a Jehovah's Witness. I don't hand out the Bible. I hand out the big print. Now, I was going to read this book. Got to read this book.

[Lawrence Lepard]

Yeah. Thank you. That's very kind.

[Robert Kiyosaki]

So tell us about basically your background and how it morphed into the big print. And most importantly, what's your concern?

[Lawrence Lepard]

Well, so my concern is that society has gone down the wrong path by following the Keynesian monetary model. And it's created all the difficulty that we have in society today. The wealth inequality, the unfairness, the inflation, the wars, just a lot of the bad things that have happened. And in spite of all the great things that have happened in technology that allow, you know, guys like you and I to talk to each other halfway across the country and broadcast to thousands of people, those are all the great advantages, you know, they've been. We're still operating with a, a government and a monetary operating system that is better suited to the 18th century or the 19th century. And I wrote the book, Robert, because I found myself sitting around looking at the country and watching, I think it was sometime last year, early last year, watching Team Red, debate Team Blue, and they were arguing about a lot of things that in my mind didn't really matter. And the metaphor I used is, you know, the house is on fire, and they were arguing over the color of the drapes. And, you know, I, I thought the house was on fire because the monetary system is what's really the problem and what's broken. And that's an area that I happen to know something about. I never envisioned myself being an author or writing a book. I just kind of pursued my, my craft, which has always been investing, which is why your book resonated with me. And, but in doing so, I, I obviously learned a lot and I studied a lot, and I studied Keynesianism, I studied Austrian economics, I read all the greats, you know, High von Mises, you know, I followed all the great investors, Buffett, etc, and just trying to be the best investor I could be. And that was, I always thought that was my highest and best Use. I, I, as a kid, I just enjoyed figuring stuff out. You know, I used to take things apart and put them back together again and probably would have been an engineer if I wasn't an investment manager. So, you know, when. When I saw what was going wrong with the country, I. I kind of came to the conclusion and I felt like I had a clear view of what the reason was, and the reason being the monetary system. I thought, you know, somebody's got to write this down. And, and then I looked around and there were some pretty good books out there that did do it. I mean, you know, you've written books, Rickards has written books. Lots of people have written books. But I thought, well, you know, so in some, in the bitcoin areas, there have been some good books written, but they were kind of esoteric. Yeah, but somebody's got to really write it down in a way that's really simple, that everyone can understand. You know, that it's not lightweight, that gets into the details, but that makes it really clear and understandable so that, you know, because the average American doesn't really spend a lot of time thinking about the monetary system or the Federal Reserve, and they're not going to really wade through the Creature from Jekyll Allen, which is a. A fabulous book, but it's just too much for the average person to read. And so, yeah, a brilliant book and, and an inspiration for me, and. And I took a lot of things out of it and put them in my book. And in fact, I borrowed from a ton of people. And so, you know, there. Maybe there's Some have accused me. There's no original thought in your book, which I disagree with. I think I brought it together in a way that, you know, adds something to a value. But, you know, what I thought I could do that was of original value was I could. I could pull the highlights of all these different thoughts together in a way that a very average person. And I'm not looking down on them, but I mean, just, you know, somebody who's not familiar with finance could read it and go, oh, I get it. I understand what they're doing to me. I understand why the system's broken. I understand why it's unfair. I understand why the rich guys are getting richer and I'm struggling to just get by. And so I really wanted to put that into very clear pros that anyone could understand. And then, of course, and that's the, that's the depressing part, you know, that's. The book is, as you know, is broken into Two parts. The problem, which goes into the history and develops, explains what happened. And then the bright part, which is the solution. You know, this isn't all gloom and doom, folks. In fact, there's a way out of it. There's a way you can protect yourself. There's a way that we can all change the system for the better. And as we do, and we return to a sound monetary system, you know, we're going to have a really fantastic world. And that's what I'm concerned about. You know, I'm not trying to sell books as much as I want my kids who are in their 20s and ones just turned 30, I want them to grow up in a world that's better, more like the world I grew up in, where there was a middle class and more fairness and, and, you know, with the exception of the 70s, there wasn't terrible inflation. So. So that's kind of the genesis of the book. Robert And I just tried to do it as best I could and, you know, hopefully it, hopefully it works. I mean, we'll, you know, the test will be if it does.

[Robert Kiyosaki]

Well, let me, let me, let me explain what happened this morning because I do book studies and we get, I've done them for like 500 people. We all get together, we read one book and we discuss the book. You know, and I learned that in Bible class. They sit there and read the Bible and study. So that's a good way to do it. You know, not really religious, and I'm not pressing that, but it was a good way to study because you could talk to different people, what you can pick up here, and different points of view. So this morning was the first time we did your first three chapters of this book here, and there was about 20 of us. They're just raving about it, saying it's so crystal clear, it's simple. But he's also saying what this guy said here, Grunch of Giants, what Bucky said, fuller, your wealth is being stolen via your money.

[Lawrence Lepard]

Yeah.

[Robert Kiyosaki]

In other words, so we bust our asses, we work hard, go to school, get a job and all this, but the rich get richer and the poor get poor because our wealth, our money, is the thief. Was that pretty simple?

[Lawrence Lepard]

It's a very sophisticated fraud they've set up and they gaslight us. You know, I always cringe when I hear Jerome Powell saying he's doing what's best for the American people. And I, and I know that, no, you're doing what's best for the bankers and the financial actors and not for the rest of us. You're. The rest of us have to go to the grocery store and watch what we can buy with a fixed amount of income go down. And. And that's terribly sad.

[Robert Kiyosaki]

And that, can I say, this grunt is about his gross universal cash heist.

[Lawrence Lepard]

Yes.

[Robert Kiyosaki]

And it's about how the bankers steal. And that was your opening chapter.

[Lawrence Lepard]

Yeah.

[Robert Kiyosaki]

So this is what, 30, 50 years ago? And this.

[Lawrence Lepard]

He was a genius. Yeah, yeah, yeah, he was a genius. Yeah, yeah.

[Robert Kiyosaki]

So when you say. I have a question. When you say the big print, my question is, is it still coming?

[Lawrence Lepard]

I think it is. I mean, it's interesting. And, you know, so let's, let's talk about that. Right. We've really actually had two big prints. Okay. Well, even more if you go back far enough. But most notably in recent history, we had a very big print. In 2008, you know, the Fed balance sheet was 800 and some odd billion before, you know, our former Fed chairman Bernanke decided that he could print money at will. As he said in his infamous speech, you know, we have a printing press. And so they grew the, you know, the balance sheet and the money supply by, you know, $3 trillion. And then, of course, that was just, you know, the first round. The second round was Covid, where they grew the balance sheet by another 5 trillion. The balance sheet's a proxy for the money supply. They're not directly linked, but they're close.

[Robert Kiyosaki]

Lawrence, did you say in this book here that 40% of the money was printed during COVID Yeah. Isn't that 40% of all the money in the US was printed in, during a few years?

[Lawrence Lepard]

Yeah. The nation's 220some odd years old, and they grew the money supply by 40%. And then the guy who was in charge of that growth, Powell, said, inflation is transitory. And then when it became clear, when it became clear that it wasn't, and they printed and they had a 9%, you know, annualized inflation rate. At a, at a conference, at an elite monetary conference in Jackson Hole, he joked and said, oh, yeah, the good ship inflationary has sailed. He, he joked about it as though, oh, yeah, you know, I'm kind of sorry I screwed up, but, you know, no big deal, right? Well, fine. No big deal to him because he's worth $100 million. But how about the rest of us that have to struggle to get by, you know? And it's just, it's absolutely criminal what these people have done to us. And my book lays that out chapter and verse. And I, as you know, as you, as you know, I mean, I don't pull any punches. I'm not going to make the New York Times bestseller list because I'm not socially in the club. You know, I went to the. I'm not. I mean, it's, as, you know, as George said, it's a big club and I'm not in it. I mean, I did go to Harvard Business School, but I'm not in the club. And I'm calling these folks out, but, you know, they need to be called out. And if we really want to return to a sound money standard, which I think is what will provide for fairness, you know, I mean, the great, the great problem that's occurred in this country is that the founding documents were absolutely perfect and yet we've drifted away from them. And the, the notion was that, you know, all men and women would be fair in front of the law. And in fact, that's not what's happened. That's just not true. You know, the people who control the money supply, the people who are closest to the money printer, have an enormous advantage. And that's why the top 1% of this country owns 90% of the wealth.

[Robert Kiyosaki]

Yeah. So I could add this here, the very simple thing. This is a five dollar bill. This is toilet paper as far as I'm concerned. But when you print this, when it's printed and there's no production and they just print it, printing press, you and I, Lawrence and I, get richer, but the poor and middle class gets poorer because what. This causes inflation in assets like gold and silver and oil and cattle. But this also creates inflation in the supermarket. Chicken, eggs and milk. So the poor middle class are getting poor and the rich like you and I are getting richer. So that's why I wrote Rich dad, poor dad 30 years ago. I said, you can't save this toilet paper, it's killing you.

[Lawrence Lepard]

That's exactly right. Yeah, that's exactly right. And the people who have access to cheap money and the people who are in a position to buy the assets, you know, they're playing a game where the game board is tilted in their favor heavily.

[Robert Kiyosaki]

It's called the cantillion effect. As those who are. There's a. Oh, I should have saved it. There's a line in here is that today we don't have capitalism. We have rugged capitalism for individuals, rugged capitalism, but socialism for the rich and powerful.

[Lawrence Lepard]

It's so true. I mean, think about the 2008 example. Think about that example. I mean, my sister lost her house Many people lost their jobs. There was widespread chaos associated with that bubble that they had blown to make up for the bubble that had burst in the dot com stocks. And the bankers all got paid tons and tons of money, and, you know, they should have failed. I mean, Lloyd Blankfein should be bankrupt, but instead he lives in a $60 million house on Long island and holds forth on Twitter. And every time he does, I come back and counter him and say, shut up. You should be bankrupt.

[Robert Kiyosaki]

That's exactly what he was saying. Gross universal cash ice.

[Lawrence Lepard]

Exactly. And so these people, you know, I mean, they. They paid themselves $20 billion in bonuses after that. After that bailout. That saved them. So they were saved in a socialistic fashion.

[Robert Kiyosaki]

Yeah.

[Lawrence Lepard]

And yet the rugged. All the regular people, we face rugged capitalism where we lost our houses and jobs, you know, so it. It's. It's just. It's. It's tragic. And I think that, you know, there are turning points in this country where you can just say, boy, we really went the wrong way. I mean, I think the Kennedy assassination was one. We don't need to go there now. But I think that, you know, I think 2008 was another one where it became very clear that this was not a meritocracy and it was not a level playing field for all of us, that some people have unfair advantage over the rest of the people. And that's, you know, that until we solve that, you know, we can't live up to the promise, you know, the great promise of America that was in the founding documents.

[Robert Kiyosaki]

So when we come back, we're going. We're going to. How. You know, I always say, save yourself first. You know, when you. When you're in the airline, they say, well, put your. Put your life vest on first. You know, this book here is like a Jehovah's Witness. I bought a dozen. I'm handing out to all my friends. So you got to read this book at a book study this morning. And my friends, the guys in the study group going, man, this is simple and clear. So we come back, we'll be going into what you can do, because every time they print this, the rich get richer, but the poor and middle class get poorer. And my biggest concern, that's called civil unrest. We're pretty close to it.

[Lawrence Lepard]

Oh, that's right. That's a risk.

[Robert Kiyosaki]

Yeah. So we're right back with Lawrence Lepard, and his book is called the Big Print. It's great read. Not that it's simple, but it's well written. It's a big difference. It's well written. Makes complex complex subject clear. We'll be right back.

Gold is up over 25% this year and I believe it's just getting started. Even Goldman Sachs says it could keep climbing through the end of the year. But most people, they're still stuck in paper gold. They buy ETFs thinking they're covered. But that's not gold. That's a paper promise, an iou. And when the system breaks, that paper won't mean much. Even worse, gold ETFs are taxed like collectibles, not like a real investment. You could get hit with a 28% capital gains tax. That's not a hedge, that's a trap. I don't own paper gold. I own physical gold. The kind that you can hold, store pass on. No Wall street exposure, no counterparty game, just a time tested asset. They help strengthen and diversify yourself savings. And yes, you can move your real gold into your IRA or 401k tax free. If you want to learn how, text Gold to 24999. You'll get the Rich Dad Gold Forecast guide. It explains how real gold can help you hedge against uncertainty and why so many are turning to it right now. Again, text Gold to 24999 and get the facts before the next wave hits. This message is brought to you by Apple Card. Hey, did you know that you can get up to 3% daily cash back on every purchase you make with Apple Card? It's not complicated point system, just unlimited daily cash back on every purchase. No waiting for rewards, no limits on where you can use your daily cash. Use it on food, shopping, travel, the choice is yours. As an added benefit, you can even choose to let your daily cash grow over time by opening up a high yield savings account through Apple Card. Visit Apple Co backslash card calculator today and discover just how much daily cash you can earn. Subject to credit approval, savings is available to Apple Card owners subject to eligibility savings and Apple Card by Goldman Sachs Bank USA Salt Lake City Branch Member FDIC terms and [e-mail].

Welcome back Robert Kiyosaki the Rich dad Radio Show. Today we have a very special guest, Lawrence Leopard. But most importantly, it's his book here. This is a must read. It's called the Big Print and I'm having my company study it right now and I have a, I have a box of it. I hand it out to people like a Jehovah's Witness handling of the Bible. I said you got to read this book because that's what's happening today. And like I said to most of you, I read this book years and years ago by Buckminster Fuller. The Grunch of giants is how the bankers steal your money. Our wealth is stolen via our money. So if you read Rich Dad, Poor dad, it said, the rich don't work for money. The rich don't save money. You know, I drove people nuts, but this book explains why, because it's here today. And Lawrence, I am honored to have you as my guest here.

[Lawrence Lepard]

As I said earlier, well written. It's an honor to be on your show. I mean, it changed my life. And, you know, you're at the top of the list of educators in this area, so this is an honor for me.

[Robert Kiyosaki]

Well, we are going to do a lot of work together because this is our time. That's what I keep saying.

[Lawrence Lepard]

Well, it's, that's the idea. I mean, I think, you know, there are 300 million Americans. I, sadly, as we discussed off camera, I don't think a lot of them understand what's coming. And, and I know you've been trying very hard with all of your work to educate them. And I, I just am another voice joining the choir, I think, really. I mean, there have been a lot of other people carrying this torch, but I got to the point where I just couldn't stay silent anymore and I had to write it down. So I did.

[Robert Kiyosaki]

So I'm going to get you in. I'm going, I'm going to China. I'll get you invited to that. I'm also going on a real estate cruise, and that's like 10 days. And then you get to be immersed, talking to people who will just eat. There are people out there who are interested. 99% aren't. But that 1% are worth teaching.

[Lawrence Lepard]

Absolutely.

[Robert Kiyosaki]

So timely, my friend.

[Lawrence Lepard]

Well, it is. I mean, I, you know, I was rushing to try and get it out because I was afraid they might do the big print before I published it. I mean, I mean, as we all know in the financial system right now, for those of us who are paying careful attention, you know, there are real cracks in the, in the dam. And so, you know, and that's why I just, I felt like I had to get it out. I, in fact, I self published it on Amazon. My, I had a book agent who told me you could go with a big publisher, take a year. I said, that's not, you know, I can't do that. The time is too important. We got to just self publish and get it out Maybe a publisher will pick it up over time, but yeah, it's it, you know, I really appreciate your recommending it and suggesting, I mean, it's just a very important message. And I, you know, I look around and you know, like I say, this has been my Life. I've spent 40 plus years as an investment manager studying investments, the monetary system, etc. You know, your book got me started and, and you know, it's, it's just a message. I mean, the average person is good, hardworking, soul, you know, they do their job, they do it well, and they don't think about what's the Federal Reserve, what's the monetary system. In fact, when I was first writing the book, my wife and, and I, I tested on my wife, I tested on some other people and they came back to me. And the first question, what's the Federal Reserve? I thought, all right, well, I, you know, I better explain that. So I, I, I really tried to bring it down to, you know, first principles of how this whole thing works and why it doesn't work for average people. And that's, I think that's the, the, the, the strong part of the book, if I do say so myself, I, to, to get mad. And the first part will get you mad because if you see the way they've been taking advantage of us all these years, it's hard not to be angry. And once you, you know, once you see it, you can't unsee it. Right. And then, and then, but the second part is okay, now that you've seen it, how do you protect yourself? Right? And, and how do we all collectively fix it? Because this is not what America is supposed to be, you know, broken the way it is.

[Robert Kiyosaki]

So this is, this is, my whole point is that, that's my friend Jim Rogers, you know, he lives in Singapore.

[Lawrence Lepard]

Oh, I love Jim. Yeah.

[Robert Kiyosaki]

He says history proves people don't learn from history.

[Lawrence Lepard]

That's right.

[Robert Kiyosaki]

But this is not the first. I mean, this has been going out throughout history. The Chinese were the first to print money. Then came the Germans and the Romans and, oh yeah, English, they all print money.

[Lawrence Lepard]

Yeah, no, this is, this is not something new. It reoccurs. But as you know, investment managers, you know, as Luke Groman says, you know, you gotta read history books. I mean, a lot of people are just kind of looking at the last five years and thinking, oh, the Mag 7 is a good place to be. Look at my neighbor getting rich. But you've got to read longer term history books to understand these fundamental issues.

[Robert Kiyosaki]

Yeah, so let me tell you, my point of view, Lawrence, is that it's one thing to try and save the poor and middle class, but I hate to say it, I don't think they have a prayer because they don't get educated.

[Lawrence Lepard]

Well.

[Robert Kiyosaki]

They said, my family keeps sending their kids to school. I said, what do they learn?

[Lawrence Lepard]

I don't know.

[Robert Kiyosaki]

They learn how, how boys can beat girls and pole vaulting. I'm going, oh, God.

[Lawrence Lepard]

Yeah.

[Robert Kiyosaki]

But anyway, this is my question. Okay, so my point of view is this. Out of everything bad, is something good?

[Lawrence Lepard]

Yes.

[Robert Kiyosaki]

And I think right now is the best time to get rich.

[Lawrence Lepard]

Oh, absolutely.

[Robert Kiyosaki]

It's never been easier.

[Lawrence Lepard]

I agree.

[Robert Kiyosaki]

That's. That's what I'm. That's where I'm going. And so, like, you know, I'm one of these bitcoin guys. You know, bitcoin guys always say I should have bought more, right?

[Lawrence Lepard]

Well, yeah. I mean, I think you're right. I mean, the asymmetry of where we are right now, I mean, this is a big thing that very few people that's almost, you know, high probability to happen, that very few people understand. I mean, it's, you know, buying sound money right now, in my view, is like buying Amazon, you know, in 2005. I mean, it just. You can see where this is going to go. And in 10 or 20 years, you're going to really notice a big difference between those who understood this and positioned themselves correctly and those who didn't, you know, in terms of their financial outcome.

[Robert Kiyosaki]

But you have this thing called crypto or bitcoin, right? Now I look at it, I'm going, why isn't everybody on that thing? I mean, all you do is get 10th, whatever. Yeah, it's designed to make you rich.

[Lawrence Lepard]

It absolutely is. I mean, the. The notion of having a form of money that cannot be diluted, this has never occurred before in human existence, ever. Ever. It's something new. I mean, even gold, as sound and beautiful as it is, increases in supply by 1.7% a year. There are only 21 million Bitcoin. There will only ever be 21 million Bitcoin. It is perfect sound money. And that's why it's been the best performing financial asset for the past 15, 16 years. And I, you know, I said at a recent conference that I spoke at, I said, I can't wait until financial advisors start getting sued by their clients for. I mean, I know people who've gone to the financial advisor and said, hey, I hear about this bitcoin thing. Maybe I Should get some. And they, the financial advisor shits all over it. And you know, how can they do that? I mean, that the person, the financial advisor's job is to protect that person. And they're ignoring the financial asset that has the best performance of the past 16 years. And I'm like, what?

[Robert Kiyosaki]

The reason they don't recommend that they don't get a commission.

[Lawrence Lepard]

Well, exactly. That's obviously, that's the point, you know, and that for the same reason, by the way, as you and I both know, that they don't recommend gold, you know, gold. If you look at gold's performance, as you pointed out, in many cases in all your letters, you look at gold's performance, it beat lots of things and it's, it's held its value in terms of purchasing power. And yet go to a stockbroker and ask about gold and they'll sneer at you and say you're being a gold bug.

[Robert Kiyosaki]

Well, that, that's, that's why I started my own gold mine here. Oh, did you? So I took it public on New York Stock Exchange.

[Lawrence Lepard]

There you go.

[Robert Kiyosaki]

It's green.

[Lawrence Lepard]

Interesting.

[Robert Kiyosaki]

Yeah, so, but this is the point, Lawrence. It's never been easier to get rich.

[Lawrence Lepard]

I would agree with you. I would agree with you.

[Robert Kiyosaki]

To start this thing, it took brain power, took money. It took a lot of freaking hard work. It took yelling and screaming and raising capital and doing dog and pony shows. All you have to do is buy one freaking bitcoin and you got it made.

[Lawrence Lepard]

That's exactly right. That's exactly right. That's what's going to happen. I mean, Michael Saylor thinks that bitcoin is going to 13 million a coin. And I agree with him. Now that's going to take many, many, many years. But you can buy that coin today for $100,000. I mean, as you know, like in the gold mining business, as you point out, you know, with any other company investment, even with Amazon, they had a management team that could have screwed it up. I mean, you know, the mathematical protocol behind bitcoin, you know, has now been time tested for 900, almost 900,000 blocks in 16 years. And I don't think it can get screwed up. I think we just sit back and watch it increase in value. So, you know, if you're an artist or, you know, you have a different craft, I mean, you don't have to suddenly have a financial advisor. You can just put your money in bitcoin, forget about it, and know that every year you'll gain, you'll gain in value. It's really, it's kind of an amazing leveler of the financial system and the notion that average people can front run Wall street and all these financial geniuses. I mean, you know, I went to Harvard Business School and I've tried to interest them. I said, guys, this is the most revolutionary monetary development in the last 2,000 years. And you know, they, I know some of the students there and they've got a club and it's like three people, you know, I sent it to the dean and he said, well, that's an interesting book, but I propose that we have a debate about it up on stage. And you know, they haven't followed up. They're not interested. And I'm like, you're missing it. You're just missing an enormous change. And it came from the grassroots, you know, it came from just average people understanding what this is and it's going to continue.

[Robert Kiyosaki]

Yeah, I think I like about bitcoin is you don't have to be smart. No, you got to be smart to go to Harvard and that I can.

[Lawrence Lepard]

I can debate that. So I looked at some of my classmates, I may take the other side of that, but you got to be smart on. You got to be smart on paper to get in. Yeah.

[Robert Kiyosaki]

But it's. Anyway, that's the whole thing. It's the greatest advantage I've ever seen. And I'll repeat again, because every bitcoiner says the same words. Yeah, I should have bought more.

[Lawrence Lepard]

I should have bought more. Yeah, I bought a handful of coins in 2014 and I wish I'd bought more. And I kept buying, of course, but those were 300 a coin. Kind of looks cheap now. And to be fair, I mean, in 10 or 20 years there are going to be people, our relatives and others who are going to say, hang on a sec, you mean to tell me you got an entire bitcoin? I mean, think about it this way. Here's an interesting model. We think there are about 45, maybe 50 million people in the world who are millionaires. I think it might be higher than that. But There are only 21 million Bitcoin in the world. And some of them have been lost and some of them are locked up, you know, micro strategy and so forth. And so every millionaire in the world can't even own one bitcoin. Right. I mean, they're only. They can own half a bitcoin if we, if we distribute them even. And by the way, you know, they're not distributed evenly. So you know, you own one bitcoin you're almost guaranteed to be a millionaire as this whole thing unfolds. And I think you're going to be much more than that. So.

[Robert Kiyosaki]

But you don't have to be smart.

[Lawrence Lepard]

Well, you've got to be willing to think outside of the box, and you've got to be smart enough not to sell. I mean, you know, there'll be a lot of mistakes people will make, Robert. I mean, they will. You know, they will. It'll go up. They'll double, and they'll think, oh, I got a profit, I got to take it. You know, they'll be, you know, hanging on to it and being patient. It's not simple.

[Robert Kiyosaki]

No. I met my friends, they sold a bitcoin to go take a vacation. I said, that's going to be the most expensive vacation you could ever take, ever.

[Lawrence Lepard]

I've met. I've met guys who are mining it on Apple 2 computer or Apple Basic Apple computers back in, you know, 10 and 11. And they had 10,000 Bitcoin. It got to $2. They were young kids and they needed a car, and they sold it all to buy a $20,000 car. And think about what 10,000 Bitcoin is worth today. You'd be a billionaire. I mean, it's. It's just. There's never been anything like this. And so people. People need to get their heads around it. And I will say the book, I think, does a nice job of doing that. I mean, the first part is all about the problem of how we're being screwed. But the second part really is quite hopeful, and it's the solution. And that part too, I've tried to make it very easy. I mean, I. I used my wife as the reader test because she's not a financial person, she's a writer. And I said, do you understand this? And she said, yeah, I do, but you should make this simpler. You should. There's a chapter. There's a chapter in there called Skepticism where I tried to point out that, you know, this is a technological development, right? It's a new technology, digital, immutable scarcity. And so I tried to point out, and I said, you know, look, I mean, you know, when cars came out, everyone thought they were dangerous. You know, when electricity. There's a great cartoon in there. When electricity came out, everyone thought everyone was going to get electrocuted. But, you know, imagine a world without electricity and cars, you know, and so there's a lot of skepticism around this whole thing. But once you kind of peel back the layers, you realize that it's truly an invention that's important. And I think it represents the future of money. I mean, I've said many times, I think my children and grandchildren will price things in satoshis and the dollar will be kind of an ancient thing that, you know, it'll be like the denarius, the Roman coin that was used in Rome. So, you know, we'll just have to see. But I feel pretty strongly about it and I've studied it for quite some time.

[Robert Kiyosaki]

I was just say that, you know, we make no rec. We're not. We're an education system. We're not recommending it. I definitely make no commissions.

[Lawrence Lepard]

No, neither do I. And everyone should consider their own situation. And nobody should put more in it than they can afford. The volatility. I mean, one thing I think some bitcoiners, a mistake they make is just say, hey, take all your money and put in this. No, no, no, no, that's not true. Because it does go up and down a lot. It is volatile. And so when I'm talking to a friend and saying, put some money in bitcoin, I always say, be sure that what you put in there, you can live with a drawdown of 50% because I've lived with five of those and they're no fun, but I know it's. They go to higher highs after each drawdown. And by the way, I've used the drawdowns to Buy More.

[Robert Kiyosaki]

I should have bought more.

[Lawrence Lepard]

Exactly. I mean, it was at 15,000 as recently as a few years ago, and I was buying more, but I, I didn't have anything else to sell to Buy More with, you know.

[Robert Kiyosaki]

So anyway, it's. Would make no recommendations, but I, I just cannot believe how easy it's gotten for people to get rich. But that is the future.

[Lawrence Lepard]

It's possible. Yes, it's. Well, yes. And yeah, but it, but, but it requires, you know, if you casually buy it just based on somebody's recommendation, then it moves around, you're going to sell it. So you need to read my book and you need to read some of the other books on it, like the bitcoin standard by Safe and others, to really deeply understand what we're talking about here. And then once you've seen it clearly, you'll come back with a conviction that like, okay, I get it. You know, my grandkids are going to inherit this and they're going to be rich.

[Robert Kiyosaki]

Yeah. Well, so that, you know. One last question I have for you before I go on. You mentioned in this book here the big print.

[Lawrence Lepard]

Yeah.

[Robert Kiyosaki]

The fourth turning. Yeah, I thought that was a beautiful analysis. Like, like Jim Rogers says, history proves people don't learn from history. We've been here before.

[Lawrence Lepard]

Oh, sure we have. Yeah.

[Robert Kiyosaki]

They've printed money before. You know, when they printed money in Germany, Hitler came to power.

[Lawrence Lepard]

Right.

[Robert Kiyosaki]

Do you know what I mean? That's what happened. Yeah, yeah, we're there right now again. So what do you see relative to the force turning? What do you see with this?

[Lawrence Lepard]

Yeah, so fourth turnings occur. That's how. And Strauss wrote a book by that title. It suggests that every 80 to 100 years, all the rules of society change substantially. I think that's what's going on right now. I think our monetary system is going to change substantially. I think this fourth turning began in 2008 with a GFC, which was a really a big crisis, financial crisis. These Things typically last 10 to 30 years or 20 to 30 years. 20 years from 08 is 2028. That's three years from now. I don't think it'll be over by then. 2038 is 30 years. I don't think it'll take that long. I think in the next 10 years the monetary system is going to substantially change and that we're going to have the failure or severe inflation in fiat currencies. And the political backdrop is going to be that people are going to demand that we go back to the sound money standard that created America, which was the greatest nation in the world. In 1946, 1946, we were on the gold standard. We stood at the top of the world. And after that things began to deteriorate and you know, they deteriorated because we drifted away from first principles. First principle is sound money is important. And the book talks about that. I mean, in fact, there's a chapter in there that sound money is a moral issue, and I believe it is. It's written about in the Bible, honest weights and measures. I mean, sound money is written into our constitution. Only gold and silver can be money. But what happened is that politicians with their egos and their lust for power have led us away from that basic principle. And in so doing, we're now in this big damn mess. And so what's got to happen is the honest remnant of this country, the God fearing, hardworking, honest people that make this country run, have got to rise up and we're going to do it. I mean, we are going to do it. Robert, I am absolutely convinced, but the only way we're going to do it is if we all read Books like this and understand the issue clearly so that we know who the enemy is and we know how to fight him to make things better. So that's, that's my, that's my sales pitch.

[Robert Kiyosaki]

I gotta, I gotta have you back on because we could go forever. But yeah, this is the book is the big print. But the reason I said is as it happened yet, because it happens throughout history.

[Lawrence Lepard]

Right.

[Robert Kiyosaki]

And this is the point I'm bringing, you know, the story about them. When the woman in Germany had a wheelbarrow full of money.

[Lawrence Lepard]

Yes.

[Robert Kiyosaki]

And people go, people get all enthusia, a wheelbarrow full of money. And they think, but that wheelbarrow full of money was the cause of Adolf Hitler coming to power.

[Lawrence Lepard]

That's exactly right.

[Robert Kiyosaki]

And that's the fourth turning.

[Lawrence Lepard]

That's exactly right. It brings, it brings about some bad, bad things in society, unfortunately. But we can, we can short circuit that if we return to a sound monetary system. And that's what guys like you and, you know, so many of us have been fighting for that for years. And I think we just have to spread that message and, and, and I, you know, I applaud the work you're doing and doing it. And, you know, somewhere along the line here I decided to pick up my, you know, ore and start rolling. I'm trying to do the same thing.

[Robert Kiyosaki]

Well, we'll roll together, my friend.

[Lawrence Lepard]

We'll roll together. Exactly.

[Robert Kiyosaki]

So, Lawrence, thanks very much. I've gone over time, all the listeners out there, we'll have you back on. This is a subject. This is the Creature from Jekyll Island. I study it like a wild man. Yeah, but that's what happens now. And remember that wheelbarrow full of money led to Adolf Hitler.

[Lawrence Lepard]

It was a bad.

[Robert Kiyosaki]

That's what I'm afraid of this title here.

[Lawrence Lepard]

It's a very bad thing. Yeah, they're going to print a lot of money and that's not a good thing.

[Robert Kiyosaki]

Thank you, Lawrence.

[Lawrence Lepard]

Thank you very much, Robert. Really great to be with you.

[Robert Kiyosaki]

And we'll be right back for the final words. Thank you, Lawrence. Bye.

This message is brought to you by Apple Card. Hey, did you know that you can get up to 3% daily cash back on every purchase you make with Apple Card? It's not complicated point system, just unlimited daily cash back on every purchase. No waiting for rewards, no limits on where you can use your daily cash. Use it on food, shopping, travel, the choice is yours. As an added benefit, you can even choose to let your daily cash grow over time by opening up a High Yield Savings Account through Apple Card. Visit Apple Co Backslash Card Calculator today and discover just how much daily cash you can earn. Subject to credit approval. Savings is available to Apple Card owners subject to eligibility Savings and Apple Card by Goldman Sachs Bank USA Salt Lake City Branch Member FDIC terms and [e-mail].

[Unknown]

Imagine you're a business owner who has to rely on a dozen different software programs to run your company, none of which are connected, and each one is more expensive and more complicated than the last. It can be pretty stressful. Now imagine Odoo. Odoo has all the programs you'll ever need and they're all connected on one simple, easy to use platform, giving you peace of mind that your business is always being taken care of from every angle. Odoo has user friendly open source applications for everything. We're talking CRM accounting, inventory, manufacturing, manufacturing, marketing, HR and everything in between. Basically, if your business needs it, Odoo's got it. Odoo sounds pretty amazing, right? So stop wasting your time and money on those expensive disconnected platforms and let Odoo harmonize your business with simple, efficient software that can handle everything for a fraction of the price. It doesn't get much better than that. So what are you waiting for? Discover how Odoo can take your business to the next level by visiting odoo.com that's o d o o.com odoo modern management made simple.

[Robert Kiyosaki]

Well again, thank welcome back and I'm going to thank Lawrence Lepard. Please get his book here. The Big Print Lawrence Lepard L E P E R D It's a great read, necessarily easy, but it makes a tough subject easy to understand. And so it's a very important book for your future because it has the good news and bad news. The bad news is that gonna print trillions. The good news is you can get very rich too. So anyway, it's up to you. It's not that hard to do. Again, I thank Lawrence Lepard. I wanna thank all of you for watching or listening to the Rich Dad Radio show. Thank you. Bye.

[Unknown]

This podcast is a presentation of Rich Dad Media Network.

[Robert Kiyosaki]

Hey, it's Ryan Seacrest for Albertsons and Safeway. Now through June 24th. Score hot summer savings and earn four times the points. Look for in store tags on items like Dove ice Cream bars, Chips Ahoy cookies, Arrowhead bottled water and Charmin Bath Tissue. Then clip the offer in the app for automatic event long savings. Enjoy savings on top of savings when you shop in store or online. For easy drive up and go. Pickup or delivery subject to availability restrictions apply. Visit Albertsons or Safeway.com for more details.

[Lawrence Lepard]

Packages by Expedia. You were made to be rechargeable.

[Robert Kiyosaki]

We were made to package flights, hotels.

[Lawrence Lepard]

And hammocks for less. Expedia made to travel.