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  • This is the rich dad radio show,

  • the good news and bad news about money. Here's Robert Kiyosaki.

  • Hello, hello house Robert Kiyosaki, the rich dad radio show,

  • the good news and bad news about money.

  • And as you heard, we're in a middle of a major, major,

  • major auto unquote and DEMEC. And the question is,

  • is this pandemic or rail and Moss ball,

  • even if it is rail or not real, which will not saying it is or not,

  • what is it going to do to the global economy?

  • What's it gonna do to your portfolio, your future, your jobs,

  • your retirement, and your family? So have a very important guest today.

  • His name is spit and a dear friend for years is Bert Dohmen.

  • He's a coauthor me as the author of the book,

  • prelude to a meltdown and financial apocalypse, which as you may have noticed,

  • we're in it right now.

  • So I'm going to find out how real is this Corona virus.

  • But more importantly,

  • what is its impact as a whole world goes into a Pedic and it comments.

  • Kim ver Burt's, a dear friend and, and always,

  • always exciting and interesting to have him on the show.

  • And he's also number one, he's an educator,

  • which is why we relate so well to him.

  • He really wants people to get educated about the stock market and what they're

  • investing in. And number two, he's a, he's a major researcher,

  • so he goes places where most people don't look.

  • So I'll give a big commercial message right now,

  • his publication as the Wellington letter,

  • I subscribe to many use letters and I dropped them all except the Wellington

  • letter because Bert actually gives it the information I need,

  • not the ups and downs of the stock market. So anyway, it's a very exciting time.

  • The question is, how real is this coronavirus but even if it's not real,

  • if it's a fake virus, what's it gonna do to our money and our future?

  • Welcome to the program. Bert, welcome Bert.

  • Thank you very much, both of you. It's really a pleasure to be with you. Uh,

  • you know, especially in times like these, eh,

  • I think it's really time for people to get, you know, uh,

  • the results of some serious analysis that we do. Uh,

  • not just the stuff that you see in here and the, uh, financial media.

  • There's so much bad information going out. You know, like, uh,

  • I remember on February 24th, that was the first down day.

  • Uh, you know, we heard, Oh, don't panic. Nobody ever made money panicking.

  • You know, I have wrote on Twitter, uh,

  • which is at Bert omen and uh, I wrote, you don't,

  • panic is a response from nature built into all the big new things.

  • And it's that sort of response that can save your butt and that's by nature put

  • it there. So it's good to panic. But you got to panic early.

  • Yeah. Was

  • that the first day of the crash?

  • And now don't you think that people who panicked on that day are very,

  • very happy? I said,

  • of course our subscribers didn't have to panic because the Sunday before that

  • one,

  • one day before we put out a special bullets and I think it was about eight pages

  • and we said the headline was the financial storm begins and the last paragraph

  • had in it,

  • the ban that them is about to break and we gave all the reasons why it was going

  • to happen.

  • The whole rally for one year propelled by about a dozen big cap stocks wrote the

  • S and P and the Dow Jones industrial index to a new record high.

  • It was going up, up, up and people thought, Oh,

  • stocks buying stocks is just so simple. They only go up and I said,

  • a big bull trap is being set.

  • This is only happening.

  • That pushed it up to 12 stocks in order to make it look like a bull market by

  • the thousands of other stocks are already being pushed down and many of them in

  • bear markets.

  • And we showed the difference between the S and P and a much broader index.

  • We always look at to tell us what the true market is doing, right?

  • And that's the value line, right? The symbol is a V, a,L , U. G. so,

  • so Bert Soper, let's get back to the beginning of this whole thing. So,

  • you know, panicking us. Okay. But preparing is better.

  • So Kim and I and the rich dad company was set up. We sit here kind of fat,

  • dumb and happy because we've been preparing for years for this.

  • And in other words, since I met Kim, she knew,

  • she knew I was always in a panic mode. Anyway. So anyway, uh,

  • the question is, is, is this coronavirus real or fake

  • for the virus? Uh, it's, it's a real virus.

  • It is highly infectious. Uh, it looks like where it was made,

  • it was an [inaudible] was made to be highly infectious,

  • but it was not made to be, uh, highly deadly.

  • And that is the big difference. And nobody really talks about that. And now we,

  • we're getting some better statistics. The prior ones were from China,

  • which you cannot trust,

  • but now we're getting out those statistics like the people on the cruise ship,

  • they had the virus going crazy around the cruise ship.

  • We know how many people were infected. We know how many died.

  • Now we're getting the numbers from the U S you know, to 105 deaths so far,

  • 14,000 infections.

  • So we're now getting the real numbers and it looks like for most age groups,

  • the fatality rate is maybe 1% this is like the flu [inaudible] not a good

  • reason.

  • It's actually into an immediate depression. It's actually,

  • it's actually less than the flu. I just have statistics

  • from January, February alone of this year that we've got deaths worldwide,

  • deaths of Corona virus 2,360 but we've got worldwide deaths from the common cold

  • and flu of just under 70,000 I mean,

  • nobody's talking about that.

  • Thank you very much Kim. That is that seed. That is the essence.

  • And then you have to wonder why are all the governments going into a hysteria

  • generally. This is just so strange.

  • Why is this happening? And the governments of other countries,

  • and let's face it,

  • most of the people in governments are not that bright and they are now,

  • first it was a panic. Everybody was at people's panic.

  • Everybody rushed into Costco to buy toilet paper.

  • And then the officials suddenly panic.

  • And that's even worse because they can use force imagery.

  • For example, the police were giving deadly force,

  • the power of deadly force for anyone who's walking on the street and violating

  • the court team. Everybody in Madrid has to stay at home. Okay,

  • this is this panic you,

  • you're willing to kill people to save them from being killed by the virus.

  • Does that make any sense?

  • Yeah, but, but see said Bert, look, this, the public got to get to right now.

  • So you think when we're talking early,

  • you think this is more biological warfare. But the real question is,

  • let's say it is or it isn't. You know,

  • it's a big panic that says real or fake who cares at this point,

  • they're calling out to national guard right now. You know, that's going,

  • we're going to probably civil unrest. But my question to you is this,

  • what is going to happen to the economy if I've never, if everybody,

  • let's say we have 20% unemployment and people cannot work,

  • people cannot, they don't have any money. And as you know,

  • any one of these panics, it damages the most financially vulnerable. You know,

  • just think of all the guys that work in restaurants and all that,

  • they're not flush with cash and they got kids to feed.

  • So what's going to happen to the world economy?

  • That's the more important question.

  • I think it's fake personally fake from the point of view that the panic is real.

  • But the virus may not be that deadly.

  • But the point of view is what do you think is going to happen to the economy of

  • the world, I think and the stock market.

  • Well, the panic is irrational,

  • but the past because of the panic is going to happen and we are going to go into

  • a depression. Okay. And I believe you don't know if there,

  • there's some reason to think, and I'm not saying that is it,

  • but one alternative, you have to think who would benefit from a depression.

  • Okay? Just just a food for thought. Okay.

  • If something irrational happens, if something that doesn't make sense,

  • I have learned from trading the markets for about 50 years with my own money and

  • not other people's money. Okay? All the guys on TV,

  • it trade other people's money. I trade my own. Okay?

  • So I have to be much smarter than all of these guys because when they lose

  • money, that's the client's money. And so you have to think,

  • what is sweetie happening? And so many times in the market, we have forecasts,

  • every sharp crash in the market and every bear market in 43 years of my

  • business, okay? Right now, during these last four weeks,

  • we have a program called hedge folios. We have five model portfolios, okay.

  • And people can line up their portfolio with our model just with a click of the

  • mouse. That's simple. Okay? What,

  • what is the outperformance over the benchmark index that we use?

  • The value line, we are up 69.4%

  • so you're making money. So you're making money.

  • almost 70 percentage points above the value line.

  • Hey, Bert, Bert, Bert, Bert. So will make him on it. My question is,

  • what is your forecast for the economy? If you have 20% unemployment,

  • people have no money tax rate. What's going on?

  • What's it going to look like? That's what want to know.

  • Yeah, the real it's supposed to look like, you know it's gonna.

  • It's going to cause huge unemployment.

  • It's going to cause an avalanche of bankruptcies is gonna cause so many

  • failures, so many people on the streets.

  • And when people are hungry and don't have money to pay the rent,

  • don't have money to buy food, they write it. Okay. And suddenly,

  • ah, it's capitalism's fault. We need Bernie.

  • So, and so you asked the question, who would benefit from a depression? So who,

  • who does benefit from a depression?

  • Well, I, I know exactly who,

  • and I even have names but I'm not gonna say it under this program.

  • Oh shit.

  • Clear. But it was this happening. It's so quick.

  • It's crystal clear what is happening.

  • So w without mentioning names,

  • what is crystal clear that that's the way on this truck? We all know this,

  • a panic. We all know this.

  • It'll people have to do some reading because you know,

  • I have these conversations with people all the time and they make judgments

  • without knowing anything. Okay?

  • And you see something like I just said in this yacht, this conspiracy stuff,

  • you know, you know what, there's an old statesman Bismarck in Germany,

  • but 120 years ago, he said,

  • nothing happens in the world of politics by chance.

  • Okay? And this is something I've gone by all the time.

  • When something inextricable happens,

  • you have to say this was intentional, is, was planned.

  • And you know,

  • I'm not saying that all the shutdowns were planned ahead of time,

  • but may preps they were, perhaps they weren't. I'm not making any judgements.

  • I'm just considering different possible possibilities.

  • And that's what you have to do in the market.

  • So, so, so, so Bert, Bert,

  • Hey Bert, Bert, look,

  • everything you've been predicting is coming true.

  • Now everything you've been predicting is coming true. What way?

  • So you don't have to tell your letter anymore. I've taught it enough.

  • A point is what? What do you,

  • what would you advise people to do right now? And if you don't want to,

  • then you know the average guy right now, they don't,

  • they cannot subscribe to your noon. So they don't have any money.

  • These guys can't put food on the table after this.

  • So what would you advise people who, let's tell you how you have a 401k.

  • Let's say you're working for a company that's going to go bankrupt.

  • What would you say to them? They've already, they didn't, he,

  • they did not heed your warning. So what can you tell them now?

  • Uh, you know, I'm, if somebody didn't listen,

  • uh, I guess I would say to anybody who dug themselves a big hole,

  • the best thing I can say is stop digging.

  • Stop listening to the guys who got you there.

  • But what can they do, Bert?

  • That's what I say. It started reading some books about the economy,

  • the economies and the markets and some good books like our financial apocalypse

  • book. Is it 2008 chronological history, how we call it,

  • the financial crisis in 2008 if you said by

  • late in a year we're going to have global financial crisis. Okay.

  • It was a thick book. Okay. It was still sell it, but [inaudible]

  • I read, I read your book. You were right on y'all side there.

  • During that time that wall street was super bullish.

  • Everybody was super Buddhist and nobody wanted to listen.

  • Yeah. Burton the car. Bert, Bert, Bert,

  • you're right. Everybody knows you're right now. But what does a person do?

  • That's what I, you know I keep, I keep asking, what are you going to do?

  • The average person's out of money. They have no job. They have,

  • they have rent them a mortgage.

  • You have kids never let a toilet paper and that lot of toilet paper and they

  • read your book now, so they read your book by this too late.

  • So what would you recommend? Now that's read book. I have

  • to read my book. It's a little too late for that. We sold it.

  • We sold it for 10 years. The last 10 years. We said,

  • this is the guide for the next financial,

  • so what is the guide?

  • It would get a few orders once in a while people didn't care.

  • The market's going up and it will go up forever. You know? I'm sorry,

  • but