← Rich Dad Radio Show: In-Your-Face Advice on Investing, Personal Finance, & Starting a Business
Rich Dad Radio Show: In-Your-Face Advice on Investing, Personal Finance, & Starting a Business
They Stole Our Gold — And Lied About It For 90 Years
00:30:37
What if we told you it was illegal for Americans to own gold for decades—and that your government confiscated it without paying full value? In this eye-opening episode of the Rich Dad Radio Show, Robert Kiyosaki sits down with Wall Street insider...
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- [00:00]
Ryan Seacrest
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- [00:33]
Robert Kiyosaki
Hey, it's Ryan Seacrest for Albertsons and Safeway this spring. Take care of your entire home, including the air you breathe, and save $5 when you buy $25 worth of participating products in store or online. Shop for items like Glade Plugins, Airwick Plugins, Glade Auto Sprays, Airwick Diffusers and Glade Refills. And save $5 when you spend $25 on participating products. Offer ends May 20. Restrictions apply. Promotions may vary. Visit albertsons or safeway.com for more details. This is the Rich Dad Radio show, the good news and bad news about money. Here's Robert Kiyosaki.
- [01:10]
Chris Whalen
Hello, Robert Kiyosaki, The Rich Dad Radio show again, broadcasting from Phoenix, Arizona, where it's either heaven or hell. And right now it's heaven. In a few more months, it'll be hell. But anyway, we have a very special guest today, and I'm for full disclosure. I don't know him. His name is Chris Whalen, but why he's on our show is because he comes highly recommended from Jim Rickards and his daughter, Allie Rickards. So if Jim Rickards or Ally Rickards recommends anybody, they have to be good because few people I respect more than Jim Rickards and Ally Rickards. And for those who may not know who Jim Rickards is, please listen to what he's what he's saying, because that guy knows what he's talking about when it comes to the macro global economy. So Chris is Chris Whelan. I'll have to read this because I don't know him, but I just just met him just now. Chris Whelan is the author of Inflated Money, Debt and the American Dream. And Chris is a Wall street insider who understands the intersection of politics and finance and is known for telling the readers the truth. Isn't that a novel idea of the truth? He worked in politics at the Federal Reserve bank of New York and investment banker for more than 30 years, considered to be one of the most incisive and thoughtful financial analysts on Wall Street. Christopher covers a wide range of subjects, from banking to housing to global economics and the Federal Reserve. He is the author of financial stability 2014, Fort Men 2017 and seeing around corners in 2024. And again, if Jump Records and Alley Records recommends anybody, you'd best pay attention. So, Chris, welcome to the Rich dad show and understand you one of my favorite cities of all time, New York City. I love that place. Welcome to the program.
- [03:08]
Hey, thank you, Robert. Yeah, it's a beautiful day in New York.
- [03:12]
Yeah, I love that place. So what can you tell me about what you learned at the fed and your 30 years? But alley Records says that you tell the truth. Are you trying to tell me that people out there are lying to us?
- [03:28]
Pretty much, yeah. I mean, it's all about sales, you understand? You know, it's like that great scene in oh Brother, Where Art Thou Sales? John Goodman. Right. So that's the American ethic. And if they can shave the corners off the truth to sell a few more shares of stock today, then that's what they're going to do. I just wrote a note about a company called SoFi that you may know started off as a student loan shop, but today consumer debt and credit cards are their fastest growing line items. And I thought, well, that's remarkable. This is a company that just barely makes money. But Wall street loves it. They pump it up. As soon as one of these new fintech things gets to be profitable, Wall street loses interest. They want growth, they want pizzazz. So that's the reality. I cover banks, financials. I publish an index on the top 100 banks in the US so I follow them pretty closely. And SoFi is the top performing bank in the US this year. It's remarkable.
- [04:33]
And so you're coming out with a new book called Inflated Money, Debt and the American Dream. What's that book of? How does money and the American dream and debt fit together?
- [04:46]
Well, in the beginning, there was only one kind of money, which was gold. Everything else was debt. And then this fellow named Abraham Lincoln came along, got elected president and he had to fight the Civil War. But the problem was the government was broke. So he created the first cryptocurrency, the greenback, which was actually a piece of debt. It bore interest. It was like a T bill. And they used that flotation of funny money to finance the Civil War. But by the time we got up into the Grant administration, that piece of paper, which had traded down to about 20 cents versus gold, actually retraced all the way back up to par. Because the country needed money. We had no money. The whole country was basically run on barter.
- [05:36]
Yeah. What's a. Like a. So Grant was Ulysses S. Grant. He was a general who became president.
- [05:43]
That's correct. That's correct. A famous president. But, you know, it was a high growth time in the US and the, the point of the book Inflated is to teach people how we got here. How did we end up as the dominant economy in the world? How did we end up with everybody using the dollar? And how do we end up with all this debt? I mean, who on earth decided to lend us all this money? Right. So the book basically takes you into that. This is the second edition. The first one was published 15 years ago and I added a new chapter. We had to talk about Ben Bernanke and Janet Yellen and Jerome Powell and all the fun and games that they've engaged in over the past decade and then try and give people a sense of where we're going and who's at the end of the book. But Jim Rickards. And what is his message? Buy gold.
- [06:38]
It's not that hard. For those who may not know Jim Rickards, he was ltcm Long Term Capital Management. And they almost brought down the ltcm, almost brought down the whole world economy. He speaks. Jim knows what he's talking about. I call him the fire hose. I go to conferences with him. He opens his mouth and more data comes out than an encyclopedia in five minutes. You know, I mean, the guy is so smart, but he comes from experience, not just textbook. And that's our. So what is your background, Chris?
- [07:15]
Well, I studied history at Villanova University. I grew up in Washington, D.C. my father, Richard Whelan, was the biographer of Joe Kennedy, worked for Henry Luce at Fortune magazine, advisor to presidents and Fed chairman. He was just an amazing guy. Passed away a couple years ago. And so I grew up in a house where people of all political persuasions would come over for dinner. My wife, my mother Joan, excuse me, was the great entertainer of her age in Washington. And people would actually talk to one another. They would stay all night and drink all my dad's liquor. So, you know, that was the old Washington. And I would sit on the stairs and listen. And that's how I got to be as opinionated as I am.
- [08:03]
How, how blessed. What a. You know, our parents have such a negative and positive impact on our futures. And I was interviewing my tax advisor and I said, my poor dad was my. He was a PhD from Stanford, Northwestern and University of Chicago, but he was also head of the Teachers Union. Oh, and I listened to Teachers Union dribble. I got nuts. You know what I mean? They're different. Being a cat.
- [08:33]
Yeah, that's right. Well, Pop used to hang around with Bill Casey and Jim Slusher in our front parlor talking about geopolitical stuff. You know, in the old days, we were worried about the Cold War and the potential for nuclear war, but fortunately, none of that happened. He was the sous chef for the Reagan Kitchen Cabinet. So that was an interesting time. He wrote the first acceptance speech, Family, Neighborhood, Freedom, with a wonderful colleague of his up on Capitol Hill. So I grew up in an interesting household. I'm very fortunate. I really thank my parents for that gift.
- [09:12]
Very fortunate. So, the author of Inflated Money, Debt and the American Dream. But my question is, because I think you and I are in the same way. I haven't read the book. Obviously I haven't got it yet, but we're on the same wavelength because I think the American dream is disappearing. Is. Is that what you say?
- [09:31]
No, I. I think the American Dream is changing the. The. We have to deal with fact versus illusion. You know, when you go through a period of war, First World War I and then World War II, our young country was essentially handed the baton by Great Britain as they collapsed in a heap in front of us. By World War II, Britain and most of the European powers were broke. They didn't even have the money to kill one another at that point. And the US Provided the guns and the butter and all the other inputs you need for global destruction. And then afterwards, we rebuilt the world.
- [10:09]
Right?
- [10:09]
So we went from protectionist and isolationist to free trader in a period of 15, 20 years. And that's what we've had until now. And then a fellow named Donald Trump shows up and says, well, we can't do this anymore. And I get into this in the book. There were some very smart people in the United states in the 1950s and 60s who realized that running a global reserve currency, essentially a free utility for the world to use for trade and investments, is expensive. And over time, we compounded the error with a lot of debt. If you have a fiat currency, Robert, you can't put a lot of debt on top of it because it is debt. And so we have. The whole point of inflated is to describe the layers of leverage that we have put on top of our republic over the last hundred plus years. Is the American Dream debt? No, but we have to shed some of the socialist trappings and pretensions that came with the New Deal and Came with the post war period because in our hubris, we thought we could do whatever we wanted and just borrow endless amounts of money. There's a whole branch of economics here in the United States. It doesn't seem to mind debt. It thinks it's just fine. I love it when economists talk to me about continuous markets as though they're just going to be there. But one of the things we talk about and inflated is the treasury market. Did the treasury market just spring out of the ground one morning and say, here, buy some T bills? No. It was created right after World War II, and we have done our best to destroy it. So when you talk about the American dream, how we're going to finance things in the future, these are kind of important topics. And it's a topic near and dear to our friend Jim Rickards heart too. I think we just have to evolve and change. That's what it comes down to. I'm actually very optimistic about the future, but we're going to have to break some eggs to get there.
- [12:09]
I am very concerned about it, you know, because my father was a PhD. Like I said. I kept asking, I said, when are you going to teach us about money? He says, we don't teach money at school. So I thought that was interesting. So this is my question, is that, you know, Jim Rickards again and Allie, his daughter. I respect him so much. But they say that you'll tell us the truth. What aren't we being told, Jim? I mean, Chris.
- [12:39]
Well, what we're not being told by our political leaders is that we've long since gotten to the point where we do need to make changes. But here in Washington as we speak, they're talking about lowering taxes and doing other fun stuff that's only going to increase the amount of debt that's layered on top of our economy. I think, you know, we need courage. We need to kind of, I think, relearn and. And rediscover to that old Kennedy book, Profiles and Courage. Because it's been so long since the Congress did anything substantial and honest that we kind of discount them now. We just say, well, they're useless. They can't even pass a budget. And. And that's true. So I'm thinking that down the road, we're probably gonna have to make some structural changes. I think we may have to essentially take Congress out of the spending loop and substitute a managerial function for that. Because, you know, in the front of Inflated, there's a great Hyatt quote that says, no democracy can ever have sound money. And we have proven that in spades in the United States.
- [13:49]
So, Chris, when we come back, I want to ask you a couple questions, all right?
- [13:53]
Sure.
- [13:53]
One of the. About the. You're at New York City and the buildings are empty. What does that mean? And then I have a question on this homelessness. It doesn't, you know, if the American dream is still alive, why is there homelessness? And that's my concern. You know, I wrote Rich Dad, Poor dad because we gotta teach people about money. You just can't keep. Those are kind of the questions. But if there's. Again, you're noted for being the telling the truth and you work for the Fed. And I almost think they're an interesting bunch of characters running around there. They're mostly PhDs, right?
- [14:36]
It was in the old days I worked for Paul Volcker at the Fed and it was a different place. Today it's a great mausoleum. They're building this new headquarters in Washington. It's out of control, I think. I. I'm with Andrew Jackson. I think we should get rid of the central bank for a while. We'll just let the treasury handle it as it did before the. The Fed is an engine of progressive nonsense. At the end of the day, they don't understand markets at all.
- [15:07]
So this is, this is the creature from Jekyll Island. You can see, I read, I studied it. Also, I wrote this book here with the Donald. I want to find out what you think of him. I mean, even though he's a friend, you can tell me the truth, what you think. Tariffs and all this stuff. Because as you know, throughout history, it goes for a currency war to a trade war, to a shooting war, and what close to shooting wars. But I'm also more concerned what you know about the empty skyscrapers, office buildings throughout the world right now, because I was in Johannesburg and they converted their office buildings to low income housing and they became high rise slums. Oh, they're horrible.
- [15:54]
So anyways, might as well knock them down.
- [16:00]
Chris, we'll be right back, right back with Chris Whalen and he's got more truthful news that I think everybody needs to hear. So, Chris, thank you and we'll be right back.
- [16:13]
Ryan Seacrest
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- [18:13]
Chris Whalen
Welcome back Robert Kiyosaki. My guest today is Chris Whalen. I've never met him before, but he's really re releasing his book Inflation, Inflated Money, Inflated Money, Debt and the American Dream. And the reason I have Chris on is because he comes recommended by Jim Rickards and his daughter Allie Rickards. And I have tremendous respect for the two of them. And when they said Chris Whelan is a man who tells the truth, I said my God, that's a novel, novel idea. So I'm going to have him on more times because there's so much that we're lied to and were deceived or not told the truth of. So Chris, quick question because I'm a real estate guy, why are the office buildings, the empty office buildings all over the world, what does that mean to you? And the debt? Because they're all floating on debt. Every one of those office buildings.
- [19:09]
Well if you think of it, the post war period in America was a period of building. And so you had people like Fred Trump and many others starting off in Queens across the river building apartment buildings to Absorb the vast growth in population. The equity in those properties went up for 75 years. And so this asset class called commercial office space and also multifamily dwellings, which are considered commercial properties if there's more than five units in it, provided enormous capital and became very attractive as an institutional investor sector as well. So what's happened in, in kind of fits and starts is that you have these surges, these periods of overbuilding, and then you have to absorb it. So that was fine. You know, it was kind of the ebb and flow. But then we get to 2020 and Covid, and all of a sudden everybody was told to stay home and work at home. In my world, I work with a lot of lenders around the country, big mortgage lenders. They send everybody home. And you know what? It worked. They sent them home with computers and scanners and cell phones. They gave them remote office space if they needed it. What they discovered was, is that people could be just as productive out of the office as they are in the office in some industries. So what you've had is that this whole class of office space has been seen. Their utilization rates fall. You know, that's a bad thing, Robert, in real estate. And also the price appreciation that everybody had grown to depend on, every seven years they would refinance the building and take cash out, just like a home. Well, it doesn't work anymore. And it doesn't work for a variety of short and long term reasons. But the bottom line is that in most cities, and I'm not talking about just the north blue states, I'm talking about red states too. I'm talking about Dallas, Texas. No, I was in downtown Dallas a couple of weeks ago. You can have as much of it as you want. And the trouble is, is that the older assets are going begging. The newer assets are still very much desirable and they're still getting premium prices. But we're still going through a very tough period. We have fully let buildings here in New York City that are going into restructuring, even though they're fully lit. And you might think, wait a minute, Chris, the building doesn't work, it's full. But the problem is it's got too much debt. So just like our federal government, the commercial real estate sector is going to go through terrible restructuring. It's going to continue for years. The equity will be wiped out and they'll refinance the building at different rates and with less debt.
- [21:57]
Right. But we have, you know, one of the big financiers of these office buildings, because I'm A multifamily apartment house guy. And you know, Trump is high, high end office. But I'm going, what does that mean to these REITs? REITs Real Estate Investment Trust. Aren't those are the guys that are funding these large commercial office buildings? And the baby boomers are starting to retire and a lot of their retirement, their IRAs and 401ks are stuffed with REITs. So that's why I want to talk to you and I'm going to have you back on because we could go forever. And what I love about Jim Records and Ally Records saying about you, you tell the truth, let us have it, man, let us have it.
- [22:47]
The screaming and the pain in commercial real estate right now, Robert, you don't see and you don't hear. If you want to get a taste of it, look at the real deal, which I'm sure you're familiar with. Just read the headlines. You don't even have to subscribe, just get their headline every morning that'll tell you what's going on. But they're only touching up a tiny, tiny percentage of the totality of the restructuring that's going on in commercial real estate. Think about downtown San Francisco, right? Think about East LA, down by the courthouse, okay? Nobody wants to be there. And those properties are unsalable, they just are completely moribund. And I think part of it is just the ebb and flow of humanity. People wanted to go out to the suburbs, they wanted to move south. Part of it is taxes and regulation. You know, New York, for example, if I'm looking at a pool of non performing loans, if they're from New York, they go for a 10 or 15 point discount because of the timelines in this state for foreclosure. They're well over 1300 days. You might as well just release the lien and give the guy the property, right? So the progressive regulation is killing a lot of these states. Illinois, New York, California, all of them are in a bad way when it comes to commercial real estate.
- [24:07]
So given the ripple effect, if the REITs, REITs, real estate investment trusts, if they start going bust inside the 401ks of the boomers, the. That's the ripple effect.
- [24:20]
Oh yeah. Well, what's going to happen is the big developers are going to be forced to come in and buy some of these impaired properties out of the REIT portfolios and substitute them. Brookfield, for example, who has many vehicles out there that are publicly traded, but they also have private vehicles that hold real estate as well. So, you know, there's a lot of games going on right now with the bigger developers who are desperately trying to do new deals, generate new income on the one hand, but deal with some seriously impaired properties on the other. You know, Los Angeles and Brookfield, for example, is a continuing story. Let's go out and go through Google and see what comes up. When you put commercial real estate and long, you know, Los Angeles, so it's, it's an episodic thing, but it's also just a matter of human nature. People have moved to Florida, they moved to Texas. So you have huge amounts of development in the south, in the Southeast, Southwest, but here in New York now, you have new money coming in and buying existing assets in New York, but they don't know any better.
- [25:27]
So anyway, though, it's a ripple effect that I'm wondering about.
- [25:35]
Oh, yeah. Well, not just that. Private equity don't just worry about commercial real estate. There are so many annuities, so many pension funds that got sucked into the world of private equity, and they're in trouble now, too, because of interest rates. When President Trump says interest rates are too high, he's right. That was a piece I wrote earlier this week in my blog. So.
- [25:58]
So anyway, Trump is my friend, but what do you think about his tariffs? What do you think he's doing? I mean, we needed somebody to come in and shake it up, and he's shaking it up big time.
- [26:08]
Yeah, well, he's been talking about this for a long time. He's always felt that the US Was getting a short end of the stick because we rebuilt the world. We gave everybody the ability to sell us stuff, but they had protection internally. The EU is a great example. It's not even tariffs so much. They have so many protections against one another that the tariffs on US Goods are kind of a secondary issue. They are so protectionist in Europe and so backward in their thinking. And what Donald Trump is saying is, you have to change. We want an equal deal. If you take down your tariffs to our products, we will take down our tariffs to your products. Fair enough, right? And that's why Donald Trump is president. Because when he came out with that message, the average Joe who has been on the short end of that stick for what, 30, 40 years, they said, amen. Thank you so much. So Donald Trump is telling people the truth. The Democrats never would have said a word. They're too corrupt.
- [27:07]
And in a high, strong dollar makes it hard for American workers because we don't export well.
- [27:13]
The strong dollar lets us raise money. If the dollar went Through a long period of weakness, it would be more difficult for us to finance both our government operations and also the private sector. And sure, our exports would be cheaper. Our farm exports particularly would be cheaper. The farmers always love that. But I think overall, you want a stable dollar. You don't want it to go up too much, come down too much. But here's the rub. We're kind of caught in a trap. Because if you think about it, you look at our fiscal situation, the dollar should be in the tank, but it's not. And it's because the world is happy to use our money as a means of exchange between one party and another. And then they go off and they invest their money somewhere else.
- [27:57]
Right.
- [27:58]
So we run this utility for them, but we don't charge them admission in the Disneyland. And what Donald Trump is saying is, you got to buy a ticket if you want to get into Disneyland.
- [28:07]
Yeah. What Chris is talking about, in 1944, the US dollar became the reserve currency, which meant the whole world had to trade in dollars. But that led to, like, Triffin's Dilemma and all these other things that happened.
- [28:21]
That's right. And Triffin initially thought we would just have to run big external deficits in order to do this. But what we learned in the last few years is that there's a second cost, which is a high internal inflation. That's why you have the homelessness you and I were talking about before. Robert. People just can't keep up. The average Joe doesn't grow their income fast enough to keep up on the treadmill. Whereas people like me who trade the financial markets, we have a hedge, we have a way to escape. Real estate was the other hedge. But that's about to change. We're going to have a reset in residential real estate in probably two to three years. 27, 28. It's my guess.
- [29:03]
Yeah. What people understand is when you print money, assets go up, like gold and silver go up. Oil goes up. They do stocks, so does food, goes up. And it's wide the middle class right now, it has.
- [29:19]
Well, think of it this way. From 2008 till today, the US banking system has doubled. Now, does that tell you that inflation is low? You know, the Federal Reserve Board with Jay Powell is sitting there with a target of 2% inflation. WHO told them that 2% equals price stability. But that's where they are. You know, the Fed is a progressive institution. You'll never see conservatives working at the Federal Reserve Board. It's a temple for progressive politics. That's it. There you go. Well, here's the thing, though, Robert. Jekyll island was about the private banks trying to retain some measure of control over the central bank. But they failed because as soon as FDR got into office and they created the board of governors in Washington, well, the wonderful decentralized central bank went out the window, didn't it? And that was that it became part of the Washington problem. So, you know, one of the most striking things that I talk about in the book that, you know, Jim Rickards and I have talked about at length, is that when FDR seized gold and devalued the dollar in the 1930s, he started the process of demonizing metal and saying, oh, you can only use paper. Legal tender laws. All of that is about forcing Americans to use paper and not having a reference to gold as money.
- [30:41]
Right.
- [30:42]
But what you're seeing now is that we're going back, I think this year, you're going to see the Basel bank regulators allow capital to be invested in gold. And I think also you're going to see is the, the guys who regulate swap markets allow gold to be used as collateral for swaps. That's a big deal.
- [31:03]
What, what, what you're talking about here is this. With, with, with. It was illegal for Americans to own gold after, after fdr.
- [31:14]
It was not only that, but he, he stole that gold. He paid nothing for it. The gold sitting in Fort Knox was confiscated from US Citizens and also it was taken from the Federal Reserve banks. That gold belonged to the member banks and the shareholders of those banks. But we don't talk about that in Washington today.
- [31:36]
So, look, Chris, I'm so happy that Gem Records and Alley Records have. I want to invite you back on because this is a subject near my heart. It started in 1965. I held up a US quarter, you know, and then there was now copper. I said, what are they doing? Why is silver now copper? And that was all, you know, bend over, we're going to steal your money. So anyway, I want to have you back again, Chris, you know, and the book again is Inflated Money, Debt and the American Dream. American Americans are floating on so much debt, and now it's credit card debt on top of it to pay for the chicken and eggs they can't afford.
- [32:20]
So we're at a very buy now, pay later, right?
- [32:24]
Yeah. Again, this is Chris Whelan, author of Inflated Money, Debt and the American Dream. I'll have you right back again, Jim, thanks very much for being on this program.
- [32:34]
Thank you, Robert.
- [32:35]
Thank you. And we'll be right back for the final word.
- [32:42]
Ryan Seacrest
Rich dad likes gold. Rich dad likes Bitcoin. Rich dad owns both. But right now Rich dad believes silver might be the most overlooked opportunity of them all. Here's why. Demand for silver is exploding using solar panels, electric vehicles, computers, electric product weapon systems, medicine and even water purification. But unlike bitcoin or gold, silver supply is going down. And best of all, it's still the cheapest. Gold is breaking all time highs, Bitcoin hitting new records. Silver is still 60% below its all time high. Why? Silver is useful and the price has been suppressed for decades to keep it affordable for industry. But Rich dad believes that manipulation is over. And Rich dad believes silver is about to slingshot to all time highs, possibly $70 an ounce in 2025. So if you want to understand what's happening, how to take advantage of it, text the word silver the 24999 and get your free 2025 silver forecast guide from Rich Dad's trusted Silver source Priority Gold. You'll learn what's driving silver and how to buy it smart before the next surge. Again, textsilver the 24999 right now to claim your free 2025 Silver Forecast Guide and get ahead before silver takes off.
- [33:59]
Robert Kiyosaki
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- [34:30]
Chris Whalen
Welcome back. Robert Kiyosaki, the Rich dad Radio Show. The final word is I think it's best summarizes after we got off air, Chris Whelan said the history of the United States was written by liberal Democrats. I want you to think about that because we're not being told the truth. We're actually going more socialist, more Marxist than anything else. And that's why I wrote this book here. The capitalist manifesto is how we fight back against Marxism taught in our schools, our books. So again, thank you for watching the Rich Dad Radio show and good luck to all of you. Please get Chris's book. Bye.
- [35:16]
Robert Kiyosaki
This podcast is a presentation of Rich Dad Media Network. Hey, it's Ryan Seacrest for Albertsons and Safeway this spring. Refresh your spring personal care Items and earn 4 times points on all your favorites when you shop in store or online. Earn 4 times points when you shop for items like pantene shampoo, Gillette Fusion 5 razors, secret body spray, always pads, loves diapers, Pepto Bismol and Nervive Nerve Relief Cream. Then use your rewards for discounts on groceries or gas. Offer ends May 20th. Restrictions apply. Promotions may vary. Visit albertsons or safeway.com for more details.
- [35:52]
Unknown
Hey y' all. Life's journey is filled with change, growth and exciting new chapters. Whether you're welcoming a new family member, stepping into a new city, or chasing after your biggest dreams, you need a ride that's built with more space for the grand challenges ahead. The Toyota Grand Highlander is made for those who embrace every twist and turn with advanced safety features, innovative tech and a bold, sophisticated design. It's the SUV that adapts with you with room to spare. This spacious beauty seats up to 8, gives you up to 97.5 cubic feet of cargo space and has a diverse engine lineup. Available in gas or hybrid options, including the powerful 362 horsepower Hybrid Max plus available all wheel drive means you'll have confidence no matter where life takes you. Ready to take on your dreams? The Grand Highlander is more than a vehicle. It's your partner in embracing all life throws at you. From daily routines to Unexpected Adventures. It's up for every Grand Challenge. Learn more at toyota.com grandhighlander toyota let's go Places.