LIVE FROM WISDOM! Market Conditions and Ways to Make money on the Net with Robert Paisola, CEO of Western Capital, Dr Rao, Joseph "MoJoe" McCarthy, Jason Kinte and Ted Welton Jr on todays episode!
9:22PM May 13, +0000
Speakers:
Dr. Robert Paisola
Westwood One Announcer
Ted Welton Jr.
Jason Kinte
Joseph "MoJo" McCarthy
Richard Mark Nicholls
Dr. Rao
Keywords:
people
money
robert
market
world
richard
buying
friend
understand
life
bitcoin
jason
talk
question
point
invest
happening
ted
day
dollar
Good afternoon, everybody. It's Robert Paisola. Here in Los Angeles. Today we're looking at the markets. And it is Friday, May 13 2022. It's one o'clock back east, it's 1010 o'clock here 1012. And we're watching the NASDAQ right now the NASDAQ is up 424 points, which is actually good. So we're, we're like, we're getting a little bit of the game back, we've gone through some very, very difficult days. But Elon Musk, in the middle of night, last night, announced that he was going to put his deal with Twitter on hold. And naturally, I got that one, when it came out, and I was like, well, three hours ago, he says he was gonna put the deal on pause. I'm watching Bloomberg right now. And as we see on Bloomberg, Bloomberg is saying that his $44 billion takeover is still on, and he's committed, but he wants to make sure that the or there's more detail on fake accounts. So on Twitter, I guess there are aged accounts and fake accounts. And he's probably paying per, you know, per account. And that's the valuation that they came up with, obviously, so he didn't do it. However, CNBC was saying this morning that a lot of the people inside Twitter are completely leaving the company. There's also a hiring freeze that Twitter are not hiring right now. And these things are interesting. The reason I even bring these up is because the markets have been up and down completely and chaos in the past few days. And as as we discussed last last week, on Friday, I believe the markets have been artificially lifted by the Federal Reserve. And the Federal Reserve has put a lot of money in since the beginning of the pandemic, into our north, into the financial side of the market, kind of propping it up, if you will, in a lot of people are making money right now, for instance, Twitter right now as of as a couple hours ago. And there's 136 million profit for people that ditch that shorted Twitter. So I mean, it's it's really a game I'm seeing and we're in the middle of it, we are playing in some ways. Bitcoin, where we had on Bitcoin, Bitcoin, was, it's a crazy, crazy asset, we own quite a bit of it. However, with Bitcoin, the money this, the, the, the, the, the amount of dollar movement is very, very, very, very high. So you have to be able to take the risks. So you buy in, make sure you, you know, wherever you're buying it, I used to show yesterday, and I said, I was actually really recorded a week ago. And then I went live, and it's actually on this on this platform now. But we said, buy anything at $30,000 and below or $30,000. And below, that, you're gonna be fine. Taking up, there's not really going to be a way to lose money on that. That probably is true. I wish I could have gone back and edit that because I'm really not sure. But what's happening is the EBT returns on crypto are abysmal. However, people were still buying buying it. And it's it's a it's a $270 billion meltdown. So you have to realize there's two or $70 billion that has been pulled out of the Bitcoin
out of the Bitcoin profit. So you know, if you're holding it we'll see that right now that just this just came through guys MicroStrategy which is very, very heavy on Bitcoin. Bitcoin bench hasn't blown up, but pressure rises, Bitcoin under 26,000 puts pressures, they're saying 26,000 I said 30,000. So you know, that's, that's a very micro strategy. If you'd look at that. You really have to take a look at what, what they're doing, they're holding a lot of the property, they're holding a lot of the property of the depth of Bitcoin. Right now there is a sell off in the market and however, again, it's been propped up and if any of you are actual analysts, or are following this today, I'd like to talk to you just simply come up and ask to join. It's this is different than the type of show we usually do. It's so different than the type of communication we have. But anytime I see something that benefits, my, my coaches, my investors, my fund leaders, you know, it's obviously something that I want to want to discuss. So right now we're in the middle of the trading day, grayscale grayscale, their Bitcoin fund hit a record discount after the US The CME so that was done an hour ago. So the SEC had a meeting and we're still trying to watch what's happening MicroStrategy and their people, and they're, they're, they're, they're saying bye bye bye, obviously. But you know, we're still $270 billion down of dollar value over over just a few weeks. The s&p 500 is up about 100. Right now, the Russell 202,000 is up about 60. So it looks like we're, we're okay, as far as where the markets are at right now. But guys, if you take a look, and you go back, and you look at the past, say 10 days of trading, and you look at what we've been able to see, you're going to notice that there's been tremendous, there have been tremendous losses of 1000 point plus days. So whenever I'm looking at this, hold on a second gold, okay, gold's 18 111 We're very pro gold we, there's I'm pro go pro, pro silver, and obviously, Brent future the oil, we're we're back at 111. Now, man, I just wish I would have bought a tremendous amount when it was 56. You know, but it with all of this happening. And still, there was a question guys about what the Fed is willing to do. Because of the inflation. Right now, there is tremendous, tremendous, tremendous pressure on the White House and on Congress, to act to do something to clear up this inflationary issue. What they're doing is, they're, they're trying hard to keep things moving. However, you know, as I, as I've told you guys, before, you know, there comes a time when you know, the, the rubber band can only be pulled so far, you can only extract a certain amount of money out of people before, you know, the rubberband is broken, that they can't handle it. And, you know, this is happening now. All over the world, actually, with with this rent or rent increase, I mean, you gotta you gotta realize, guys, and I'm sure in your areas, whatever it is, you're in right now, whether it's Las Vegas, New York, Los Angeles, Baltimore, wherever it's at, you're noticing that people are getting notices on their door that say, you know, there was one complex that I believe it was in Atlanta this morning, that had 55 units that were tagged and said, Okay, you need to be out in 10 days. So So what do you do? When it comes down to that? A lot of people are saying that, you know, hey, I'm waiting for my government funding to come back and cover, you know, I owe 7000 8000 $9,000. But I'm waiting for my case to be reviewed. And that's something that has been an ongoing crisis, we've dealt with that out at Western capital for a long, long time. And ever since that that program came out, it has been handled as disruptive as you can imagine. There's so much money, there was so much money, I don't know where it's at now. But the States did not, did not do anything to to expedite that money to get it to landlords. So now you've had a lot of people's guess, me waiting to be. So give me one second here real quick.
And I think that there's a lot of people that are trying to figure out what they're going to do. Now you and I all know, we all we all know. Okay, we've got a couple of guests waiting. I used to figure this out, but let's just push the button. There we go. Okay, we got tailgate. Yeah, Ted. Okay. Ted, and we got richer. You enjoy the sound of life. Okay. Give me one second. Ted will bring you right out. Okay. Guys, it's a crisis right now. Whenever you take a look at what's going on with with the housing market. What are these people supposed to do? I mean, the last time I checked, the rates of the pay rates have not gone up. Let's take a look at what my friends have to say. Hey, Ted, welcome. This is Rob Faisal, on the CEO and president of Western Capital International. Today, we're discussing the market right now. It's about one something in New York. And welcome to the stage for that, Ted.
I'm curious about the all time ratio between silver and gold. And it seems like Silver's at an extremely low price right now. And I was wondering, what would bring it up to where it's supposed to be? And that's, that's my question right now.
All right, let me let me just do a search. Let me get you guys a spot price on silver right now. And the silver spot is 2126. And we're still buying at that. So right now, as of today, it's down $1.34. But if you look at the hit storage goes even back to May 9, you're looking at 20, almost 23. Right? So there's, there's, you know, we're dealing in this market right now, Ted, where I think that there's a, there's people that are holding a lot of assets where they, you know, they log into their fidelity account. And they're like, Well, you know, I got $2 million, and all of a sudden, they were logged in today. And they found out they had 1,000,002. You know, so where's the 800,000? It's, it's in the, it's in the atmosphere. It is vaporizing? I don't really think that there's going to be a problem with long term hold on gold, or silver. I'm, I've been I've always been positive on crypto. But you know, crypto crypto is a weird thing. You got a lot of kids involved in that right now. You know, I think Ted that, you know, at the end of the day, I think your Silver's gonna be absolutely, incredibly worth a lot of money. Yeah, so that's why we're continuing to buy Do you own silver? 10?
I don't, I don't have any. I'm a poor man. I am a street preacher. So I just I want to surround myself with people that, you know, know of a good direction. And I would hold off on crypto myself, I would hold Yes, solid, solid assets.
And you know what, that's a good, that's a great point. Because, you know, a lot of a lot of the analysts are saying, If you can't hold it, you don't own it. So you know, for my advice to you. Number one, just follow me on all my platforms, I only go live whenever I have something that's truly valuable to present. We're not just sitting here talking about, you know, the world, you know. But what we talked about is very educational. And it's financially beneficial, because we're getting everything from the major markets, and we're just bringing it down and bring it back to this platform. So I appreciate you my friend. Is there anything we wanted to talk about while you're here and you wanted to discuss besides silver?
No, this was a perfect time. Thank you. Okay.
You bet about my friend. No problem. Have a great day, Ted. All right. God bless you, guys, as I said, and when I was in the room is, is is if you don't if you can't hold it, you don't own it, I guess. Let's let's let's think about what that means. My friends. What that means is, is you've got gold, you've got silver, okay? You've also got real estate. Now real estate is something I'd love to talk to you guys about. It's a it's a crazy game right now. And I made some predictions yesterday on NBC. And I have to be really careful what I say because, man, it things are all over the map right now. But you know what? I think I'd rather have real estate than sitting on something, you know, these like, like hedging the market right now. This market is so messed up, man, it is so messed up with the way it's been manipulated by the Fed. So let's take a look. Because we got we got Jason here. Jason, come on up, buddy. Yeah. And the markets are the markets are are unpredictable right now. Hey, Jason, how you doing?
Hey, TJ and TD think I was just thinking, how's it going?
Oh, you know it, man. How you been? I've been watching and watching you chose a good IRA to
retire. Just just retired. Listen, I studied economics, okay, management economics at the University of Toronto. Graduated just distinction 2001 When I was working at Microsoft at 89, and I understood the history, how Richard Nixon took us off the gold standard. Well, the US off the gold standard, right? I decided not to put my faith in the market or in even the US dollar. You understand that the US dollar is way, way, way over? Over a year? We don't even answer you probably understand this. Right?
Well, I think you understand, you know, when it when it took us to a fiat currency. And I don't want to get into all that, because we won't get into it. So let's talk with our with our listeners, because it's just kind of very high end stuff. But the bottom line, my friends is this. The dollar used to be in the free those of you that don't know the dollar used to be backed by gold. So if you had $100 Bill, you had $100. So the gold backing it now that we're off the gold standard, you don't have that and I think that's exactly what Jason's talking about. So that's that's just a general, real small point of appointing authority as to what you're trying to say.
I'm more along Warren Buffett slanted line of thinking like if you don't know a lot about the directors that accompany and understand the financials of the company, you're just gambling. Okay, so I am opposed to gambling m&r. I'm a Christian Right. I don't believe in Ghana. Okay. So I believe I could invest. Look, I worked at Microsoft. I have no problem with wealth. Okay. What I have a problem with his gambling Okay, so that So I'm not invested in crypto, I'm not going to invest in anything I don't understand. That's my principle. Right? Well,
let's, let's think about what you just said. Warren Buffett did make that statement that if you don't know who the directors are, you're basically gambling. And he made it at his annual Berkshire Hathaway meeting with him and his associate. And there's a lot of truth to that, if you think about that, guys, because these companies say it used to be remember guys, back in the day, we had a 30 year watch at a company. I mean, that's, that's the kind of stuff that's over. And they used to be the he used to be that the stock market, you know, was just one of those things that just continued to move. And nobody watched it now, watching, you know, watching crypto and watching the returns on that and watching everything else. I mean, it's just up and down all over the place. What are you doing today?
You're right, and the thing is, right now, you can see how things went before and there were ups and downs. Now, there's variables that we didn't have before the social media internet, okay, so that's something that is a variable. And the global economy, it's a little bit different now. Because now you can create a currency out of nothing so easily. Now there weren't anything can be a currency, this what people don't understand, I decided that domains are going to be my currency. But this is what I think people should, should do. Set themselves first, and then their own shares of their own company. This is why this
guy now you know, I'm gonna hold you to this, because if you're going to do this, you have to show you have to be very succinct and clear as to explain to our listeners, because this is syndicated around the world. You need to listen to her tell our listeners exactly how they're going to invest in themselves. Because they're at their nine to five, they're trying to figure out where they want to go. And all they see is all this drama and some guy named Elon Musk is up Twitter. So we have to give them a direct line by line play on how to do it.
Okay, I'll give you my seven cents. But this is not an advice. This is not financial advice. Absolute advisor. Give that disclaimer, okay, just like, no problem. Right? It's just it's not something because of whatever. Like, obviously, I do what I believe is right, I started my own company, right. And I started multiple companies, because that's what I believe it. That's what I saw. I studied at Microsoft. Okay,
so you're, you're, you're a tech guy, right?
I'm a strategist. I'm an ordained minister. Okay. So I'm so okay, but I do websites, I have domains. I started my first web design company with a partner. Right? With with in Greek in grade 12, I think. Right, right. We just teamed up, we just did web design, right? So the thing is, I started investing in domains. After I left Microsoft, after I finished my coop term. In 1989. I was a co op at Microsoft Canada. Okay, so this is how it is. But this is why I will just say this universal seven steps that I that I've developed. So basically, us begin with the end in mind, what are the seven habits of highly effective people, right? So just whatever you want to do, even if you want to go to Mars, or whatever he's like, Okay, well, what do I have to do? I have to learn about how to build spaceships, right? So you figure out how you want your resume to look when you're 120. So you don't have limited thinking, right? I called it a target resume. So I wrote my target resume in university city management economics in 1999. Okay, the idea blew my mind, right? Literally, right. But I said, okay, but the end of my life, I don't want to have any expenses, right? And I want to be free. Okay, so you have to start off with what your goal is. Right? And then you'd have one sheet of paper, you put it up into four quartiles played paper, you say on the left you put the things you love to do on the right you put the things you don't love to do on the bottom left, you put the stuff you're really good at and the bottom right you put the stuff you're not good at okay, that's what you decide what you actually want to do. And then you decide after you look at it Now chances are like I like to, for me the right side the stuff that I will the stuff that I like to do, I'll put on the right side because it's the right stuff right? I really love to preach I love to teach I love to read I love to learn I love to actually listen to books so I listen to like 100 books after I made right after I had to sell my house I think that's an intended pay off the debts for nonprofit okay, because it made it nonprofit I had a nonprofit mindset. I was given to have the money right? Because I see money does some things but I think it just amplifies whatever kind of person you are if you really not diligent that's why when people win the lottery after on average after two years of broke out to grow money right Bill Gates said that he wasn't going to just give all this money to his kids because that amount of money you could buy planes and go crazy and you know attack copies and stuff like that. It's not healthy if you learn how to grow money slowly like it like Dave Ramsey says to like them, and I don't I'm not saying that you can't have real estate unless you buy it. Cash will take us I dated somebody that wanted to buy your house cash and I didn't have time for that. It took me until four 45 to retire, right? But if that was when we were like in our 30s, and I believe in buying a house with a mortgage, and I believe in sometimes we're afraid to teach you there is good debt. But buying stock, just because it's going up is not good debt, buy anything on margin, just because it's going up and you don't even know what it is. So somebody created created a currency out of nothing. And then just one person can make one decision to make that thing flop that isn't that good?
Yeah, yeah, that's that's a great point. Because like, we talked about that one person that you mentioned, you know, one person, one person has the ability to do that. And that's why I think Warren Buffett said, If you don't know who's on the board, you're kind of you know, you're going blind. And that's true. I mean, in many, many ways. So I agree with you on that.
That's not you, then you don't have any control. The thing is, people be people are happy when they have freedom and control. Right. So you don't have any control when you're just gambling. That's why it's not good to gamble. Look, we went I've gone to casinos. I went look, I remember we went on trips. I was flown to Vancouver, Edmonton, Calgary, Ottawa, Halifax, when I was a core, I was just like, about well, since 1998. So I was like, 21, right. So I was fine with people. And Microsoft was one of the richest companies at a time or whatever. It's just, we we had we could go out to the casino. I just go and watch. But I walk out I wouldn't even gamble. I know even played the lottery with $1. We have loons that don't gamble. I principle is a principle with the principle you'll invest. You'll be invincible. So here's what I say target resume begin with the end in mind, right? So you put on okay, if you want to be president of three companies, you put it on? You want to be president, one company you put it on. Now, you won't know the name and the details at first, but you think okay, 121 submission, and then working well. But we back Bill Gates has a quote. Right. It used to work for him. It's completely right now. That wasn't his assistant. Okay. But I was a co op with me. I was a Marketing Associate. Right. And, but we're in charge of one of their websites, but this point, right. Most of us overestimate what we can do in one year, and underestimate what we do in 10 years. A lot of times it'll take you longer than you think. So if you only do in the year plan, right. Then, if something happens, a pandemic, that all said, Oh, it throws off your whole year plan. But if you plan 10 years, that could be three pandemics, and you have time to recover. And Bill Gates warned us and again, right and I'm not, I'm not worshipping Him or saying anything bad about him, right? He's just a person. Okay? People have their flaws, and nobody's perfect, except he does it but we won't get into religion. So that's the point. Right? So the thing is, he's he's telling us what we have to do to proceed from the last pandemic. I don't think he caused it. People just don't understand things. It's important to read books, right? Like, thinking grow rich, rich, Dad, Poor Dad involve success. Listen, the problem is people want to be rich more than they want to be successful. Napoleon Hill wrote two great books that I've
read. Let me let me stop you there. Jason. Okay, people, you said people want to be rich versus basketball. So you understand there's a difference between being rich and successful.
They tap in with successful free slaves that came to Canada, right? When you say
no, they let's explain why. Let's explain the difference. So everybody understands the difference between the two? Because it's very, very, it's huge.
Okay, I could be successful at doing things for free. But that doesn't mean I'm rich. Right? You could be rich, right? But it doesn't mean you're successful. What if you're rich? And what you do? It's like, maybe Hitler was rich? Right? Yes. Okay. So you can have the most land, but if you if you are killing people.
Okay. Right. And that's, that's a great point. So. So we have to also realize, and as I teach coaches and mentors, that every individual that we deal with is going to have a different idea of what success is, okay? So no matter what your definition of success is, success might be having a certain dollar amount, it might be something financially that you're looking for, it might be having two jets instead of it. It gets crazy, right?
Mine is having no expenses, but everybody's got a different thing. But the thing is, you have to say okay, what to do for you, but it's the success of the progressive realisation of a predetermined goal. So if somebody's goal is to be a trillionaire, fine, you might take a long time to be successful. But you know what, I'm not saying anything's wrong with that if your goal is to be a trillionaire. But now we got kids, because of the society, their culture, and the culture thinks Money makes the world go round. We've got kids, somebody was saying, you know, and he knows, I think he grew up with Les Brown. He said that he there was a kid on clubhouse, and he said, he wants to be a trillionaire. And he said, Ray, he was like, I don't know, like 19 and he said, Do you know how many zeros they actually do? I think he was younger. He said, Do you know how many zeros I'm in that? He said? 29 right. Right, if you want to be worth, I have a net worth higher than Apple just right, I wouldn't want that pressure.
No, Jason, Jason, Jason, Jason, you've got that you got that down to a science because there's a lot of people right now that are the middle throw out things like that. Rob, I want to be a credit millionaire, I want to be a trainer, trainer. I mean, come on, guys, let's let's be absolutely real. You have to you have to have like we said, you have to have a goal. And then retro actively go back and achieve the goal based on what you want. So figure out what you want with your desires first, and then once you do that, then it's your own world. By you know, it's so
why do you want to be a trillionaire? Yeah, that's better, that you think you're gonna have peace when you walk down the street when you have to have an army defending you. So
I'll say this, Jason, of what you said. Just recently, I think that what you said about having no debt, no debt is absolutely a powerful, powerful position to be in. Okay. I think you're absolutely in a very powerful position when you don't have a lot of debt. Or when you can simply sit in your house, do what you do, and not have to worry about paying the bills. That's that's a powerful position. I think. And I think there's a lot of people at this point, we would just love to have that.
And it's mental health awareness month. Listen, there's a reason why Vicki said more money, more problems. Now. I've seen money automatically. Money expands whatever your problems are. So look, if you're unfaithful, that you're rarely unfaithful with billions of dollars.
Yeah. Yeah. And for anybody that's just spout out, I want to be vegan or trillionaire. If that makes no sense. I mean, you have to have some basis for that. I mean, the Gates himself and I mean, look at look at us all, they're not even there yet. So for a kid, 19 years old. I mean, it scares the hell out of me, Jason, what's going on with these kids? And as far as what their belief is, and they're gonna, you know, they're gonna become tick tock millionaires, for instance. You know, and they want to go viral. And they believe it. They believe they believe, if you like
dancing, right, and they're Googling gopher how to go viral look, I was doing before Google Yahoo. I was doing research back when I was a co op in 1998. Right, but I've never researched how to stop working after one minute have seven streams of revenue. If you like what you're doing. Why do you want to stop working after one minute? For revenue, if you love what you're doing, then you can do it for the rest of your life. That's why beginning with the end of the mind, figure out what your purpose is, and then start your own company. That's what, that's what these people did. That's what Zuckerberg did. That's what Bill Gates did. That's what Steve Jobs did. Right. And then I think he had go and he came back because it was him. It's you. That's my message. It's whatever that person's gift is.
You got it. And that's that's
it doesn't matter if the stock market goes. I'm trying to stop people from jumping up and stuff off a bill.
While we talked about, yeah, happening, that's why I haven't I say thanks for having Thank you, Jason. Thank you guys. What a great what a great speaker. What a great understanding of where we're truly at. His comment is I'm trying to keep you from jumping out buildings. That's good. That's real at this point. Listen to the market update. Right now. It's Friday, May 13 2020. This has been syndicated for replay around the world. It's now 1040 In Los Angeles, which will be 140. In New York. Let's take a look at the Nikkei the Nikkei is up $678. Shanghai is $29. Point nine 6%. The s&p 500 is up point naught $92. That's 2.36% the Russell 2000 is $50 The Dollar Spot index is down to $1 4.49. We're gonna get as current right here on gold. European dollar is obviously 104 That's kind of hanging in there. Okay, there's my gold again. So right now my gold is sitting on 18 Oh 9.55 or down 12.27 Don't let that worry you guys. Because there's things that you need to the there. They're sure things that gold and silver I think are to the tune of sure bets. As far as I don't know what when we take a look what we're at Alexa, what is Bitcoin at right now?
All right, sir. Okay, so we're at $30,200 So we're we're above the 30,000 threshold. As I said that some people some analysts are already called 20,000 Our time. I have a great friend who's waiting in line. It's Mojo Mojo. It's so good to see you. My friend has sent you a message this morning. On online on on LinkedIn. And because if you're not following me, follow me on all the different platforms, because that's we will talk to you we work with you. And as I told you as before, we do not just come up here and talk, we bring value to everything. Good morning Mojo. How are you? My friend?
Robert is so good to talk to you, my buddy.
Oh, it's been crazy. It has been crazy. I trying to trying to deal with the markets the way they are and dealing with what I do normally. You know, I was on I was on an NBC show yesterday. And it's just it's been crazy. It's been nuts. How have you been my friend?
Well, I like to say if I was any better, man, I'd get arrested.
Yeah, yeah. Here, yeah.
Here's something really funny, Robert. Great. So you're given all the market numbers and all the status of the different things you need? Do you know what I hear? But do you know why I don't worry about any of that. Why? Because I don't have any money.
Do you have? Do you have a Fabio? 401k?
I have a 403. B, which is basically the same thing for a nonprofit if Yeah,
yeah. So So So what happens is, this is what this is what kind of calls I get all the time, right? Yeah, I'll have a lot of money to fidelity. And all of a sudden, I just keep refreshing. And all of a sudden, I've lost $100,000 Over the past two weeks, what do I do? Right? Okay, that's, that's not really understanding the market. But that that's realizing where they're, where their money is at and what,
yeah, that's what their point is. Right. Yeah. And that and that, and
that is, that is a pain point. That is a pain point. And I don't have an answer for that. So as I'm discussing, as I'm discussing some of these specifics, I'm doing it because I want to make sure that everybody understands that, that that your portfolio, or whatever you have is based is based on you know, what your holdings are, if you actually hold stock, if you actually hold certain stocks, if you actually hold stuff when the s&p 500, if you actually are a few, if you are building wealth, then you'll be able to tell at any moment, and I tell us all the time, if you if you're building wealth, and you can't get within 10 minutes exactly where you're at financially, then you need to find somebody else to take care of your money. So absolutely, no, that's so important. In my, my opinion.
I agree 100%. And let me clarify what I meant by what I just said. And it's that. So this was not in any way, I wasn't trying to take a position saying that this is the right thing to do, or that I'm bragging, or that, you know, this is what anybody else should do. The reason I don't have any money in the stock market is because I don't have any money. But I'm saying to myself, and I'm saying to you, Robert, my friend, that I should not be 56 years old, and say publicly, I don't worry about the market because I don't have any money invested, because that's not good stewardship. And I've been entrusted with resource.
Who I love this one. He's on pause, guys. What he said is he he's, he's entrusted with the stewardship. Okay, we lost you there for a second. Yeah, but come back. I know, I know where you're going with this. This is very, very important. Go ahead, services,
my phone, right. But what I'm trying to say is, each of us, regardless of the bottom line, in our bank account, are entrusted with a certain amount of resources, its energy, its intelligence, its empathy, it's compassion. It's also money. Money is a resource, it's a tool is not the end. But it's a great means to the end if you want to serve yourself, or you want to serve somebody else. And so what I'm saying to you, Robert has, as a person who understands all that stuff that you just said, and has immersed yourself in it and become really a master of numbers and, and products and all that kind of stuff, is you're challenging me in a really good way to say, okay, Joe, don't wear it as a badge of honor that you haven't saved any money. You don't have a 401 K, you're not in the market. Don't pay me like the this happy, happy picture that you don't have to worry about money. Because the truth is every month, I do worry about paying the mortgage and providing for my family. And I want to give to people who's whose organization's I agree with Joe, Joe and ask
your question. Is there anything wrong with that? And I don't think you can say yes. Is there anything wrong with with having that, that worry about, you know, Hey, I gotta take care of my family. It's not just me living on a beach, kickin it up with going to go to the bars every night do you get?
Absolutely not? Again, this goes back to my stewardship point is that we all are entrusted with so many things, including money. And whether we have a lot of money or a little we have a lot of energy or a little we have a lot of compassion or little or we have a big family or small one. We all have the responsibility of how are we going to choose to invest and or spend our resources? Are we going to be givers? Are we going to be takers? Are we going to be investment investors in in the best sense of investing? Are we going to be hoarders, right? And so it doesn't matter to me, whether we're talking about dollars or not. That's really important. And I'm not downplaying that at all, but I'm saying
what's you also said what you all said is you mentioned the word energy and energy exchanges. I mean, your your your value Come up, we might be talking to somebody right now that's on the other side of the world is listening to some thinking. They're thinking of ending everything because they believe that they have a stack of money. And they just realized they just heard from you. Wait a second, stop, drop and roll. Right? Yeah, that's power, because you have the you have the ability to communicate communication is power. And it's actually a strong currency, which is probably worth more than more than money, in my opinion. So yeah, absolutely.
And as you and I both know, Robert, Comparison is the thief of joy. That was Franklin Delano Roosevelt's quote. So true. Because if I compare whatever resources I have, including money to what you have, or anybody else has, one of two outcomes happens, either I get proud because I have more, or I get feel worthless, because I have less. Now that's a lose lose proposition. The only person, the only person I need to compare myself to or I must compare myself to is me. Am I growing? From where I was yesterday, intellectually, emotionally, spiritually, financially? Am I shoring up those things? am I investing? Am I giving, doing all the things that represent who I am,
though? So, Mr. Joe, what you're saying is, you're putting one step ahead of the other. And as long as you're moving forward in whatever that means in your world, or you're in your Nexus. That's magical. And that success? You see so many people, so many people just don't understand that? Isn't that isn't that weird? They just don't get what you what you're saying. And that's so powerful. Because that's, that's, that's, that's the that's the nexus of what we teach. But, you know,
and here's the confusion. I think that and it's been my confusion along the way, like, I got this wrong, so much of my life, is that two things, one, we think that progress is a linear progression, it's like, you start in the lower left quadrant, and you go to the upper right quadrant, and it's a nice straight line. Life doesn't work that way. Life is messy, and it's up and down and upside down, and all those other things. So the analogy that I've heard, and I can remember, I share this with you or not growth, to me progress is, imagine a bicycle tire, and you pick one spot on the tire, put a little white dot there, and that's you. And as the as the bicycle tire goes forward, at first, you're going forward, and then you're going down. And it feels like you're going to crash into the ground, and you go through the dirt and the rocks and you're bouncing around. And then you feel like you're going backwards, right? Because the tire you get to the other side, you're going backwards, a new going up again. And but guess what, you're still making progress. Yeah, tires, tires moving forward, and you've gone every possible direction, forward, down, dirty up. And all of that still turned up your progress. Because of the one rotation of the tire, you're further along the path. So really, the question isn't, am I going in a straight line up a linear progression? But am I am I making the next straight step as you said, towards my preferred destination? Am I being consciously aware of that, and being a good steward of all of the resources that I've been entrusted? Whether it's a lot, or a little? And am I making more of what I've got? Or am I porting it instead of investing it? Am I keeping it for me instead of giving it away?
No, that's fantastic. And I think, to your point is well, well made, because, you know, I, we do have to look at ourselves as stewards. We have to look at ourselves as stewards of information, we have to look at ourselves as stewards if we've been gifted to be able to communicate in a certain way, or we can go to a seminar for 10,000 people, that's, that's probably a gift, you know, and you can use that for good or you can use it for bad. That's exactly right, you have to do things, you know, in a in a win win way. So if your whole goal in life, guys, and I'll tell you this right now, and I'm sure Joe will agree, if you if your whole goal is to go have a certain dollar amount in your checking account. Just if you just simply hang out with us, and we'll show you how to do it. It's not that big of a deal. It's very simple. Okay. However, if you're truly wanting to give back, you want to be able to create something you want to you want us to be able to push you to the top. You can you can obviously listen to Joe, he does this for a living, he communicates with people, he talks to people, he's not new with the communication game. Okay. And that is the magic of what we do. And why don't we come on clubhouse because we come to earn a clubhouse title go, I try to stay away from that. It's kind of tanked. But why don't we? Why don't we come in wisdom? Why don't we come here, because we're here to assist and help our friends grow. And this is the only vetted community that I know of where I have actual real friends on offline. By the way, Joey sent you a I sent you a message today on fantastic on LinkedIn. So if I can get to that, but tell me something, give me some some some advice that you tell me some advice that you would give to somebody who's really having a tough time now. They're just come out of COVID Maybe they'd lost their job. Maybe Maybe they just have a new job. Or maybe they're one of these kids that you know, have a $300,000 job at Microsoft. And they quit. I mean, what's the what's going on with that my friend?
Okay, so, at this beautiful question, and I don't think it has a coincidence or serendipity there's a synchronicity because I just posted this on my Instagram a couple days ago. Fill. This thought popped into my head and I created a meme for it. And it's this, Robert and I think you'll dig this. I'd love to hear your take on it. Is that a dead end? No, that was okay. A. Okay. I want to be sure I get this right, because if I say it wrong, it's gonna lose its impact. Let me look it up. Let's okay. I lost my own meme. Here we go. We're gonna find. I'm sure there's people out there listening. Go on, Joe. I know what it was I saw it.
Yeah. Or what's funny yo, Joe, people asked me all the time, like, where's this on your website? I have to google like, 90% of stuff on my of my life, to even find out what it is.
I don't even know. Yeah, I like, okay. Yeah, here's what I know. Yeah, I'm glad somebody waited. Okay. So this is this is what came to me, Robert, and I made a graphic for failure. Failure is not a dead end. It's just a necessary detour. And it put a big road closed side and a detour mark. And here's the thought that was going through my head was oftentimes we interpret failure as That's it, I'm done. I'm toast. Life is over, I don't amount to anything and suddenly becomes about my worth and about my value and about my capabilities. When oftentimes, in hindsight, you and I could look back and say, when I failed, that's when I learned the most because I had to course correct, I was forced out of my comfort zone. And I realized that it wasn't a dead end, it was a detour. And I can still get to my preferred destination, but I'm just going to take a different path than I thought it was. And actually, that path is going to be more rewarding. I'm going to grow more, I'm going to touch more people, it's actually going to be the path I would have chosen had I know it was there. But it didn't know until I hit the failure, which wasn't a dead end. Again, it was a detour. And the detour turned out to be beautiful.
Do me a favor and say that exactly. Say that one more time. Exactly. Your statement.
Okay. I don't know if I can get a drink. So it's, it's so easy. And the tendency, I think, is human nature, to interpret failure as a dead end, yeah, interpret that as I'm worthless, I can't do it, I should quit, I'm in the wrong, whatever, when quite honestly, it may just be a sign that you need to go a different direction to get where you want to go. And you can interpret this in almost every arena of life. And it's really, it's not a matter of changing your circumstances, it's a matter of changing your perspective. And if your perception is your perspective, is when I hit failure, I'm going to take that as a sign, but I was just going the wrong direction. And maybe my destination is still the same, but I'm taking a different path to get there and actually embraced the concept, the possibility that the detour will be far more rewarding and enriching, and turn out to be the path that you wished you'd been on all along, you just didn't even know it.
That, my friends, is power. Because there's a lot of you in this room. And I know it just because of my god that are here, because you believe in what we say that you're here because you have questions about am I doing the right thing? How do I live up to the expectations of other people? How do I compare to somebody else? By the way, expectations that comparisons are two things that destroy and kill relationships. Let's keep that in mind. So So let's, let's understand that. As Joe said, Whenever you get to a point where you feel like you've failed, you're not failing at anything, you haven't you're not, you're not stopped. Okay. Now, some of you might say, Well, geez, I failed, because, you know, I don't have it. Failure is different to everybody, right? I mean, it can be variable, but it got me. I don't have I don't have seats for this year's Raiders game. And that's a common failure, that some people have that. But then there's some people guys who literally have no place to live. They have no food. They're they're stressing and they're really, really, really, really hated right now. And we tried to help those people. But you know what? Keep in mind what he said is so, so powerful. You have listened to this,
Robert, you're the last one. So listen to this. Robert, in 1990, I was touring the world playing trumpet with the gospel group. And I got to play for Mother Teresa in Calcutta at her home convent. She has zero worldly possessions. She's got a vow of poverty, and she is impacting the world in profound ways. Two weeks later, I'm in Rome at the Vatican playing trumpet for Pope John Paul the second. He is in a palace he's surrounded by wealth beyond measure. Everything is beautiful and pristine. And you know, he's making an impact in the world. And it had nothing to do with what they owned, or what they were surrounded with, or their environments, in the slums of Calcutta, and in the palatial beauty of the Vatican. Here's to people who realize their purpose has nothing to do with their possessions. Their purpose has nothing to do with their possessions. Man, if I can just embrace that, Life can be so much better and I can impact the world because I can give from a place of, of wealth has nothing to do with money.
As always, mode Joe you are the man thank you so much and God bless you guys if you're not following Mojo please do so. If I tell you to follow somebody just understand that they bring value to me they bring value to the world. We were going to cut it because we were bringing you the one o'clock update out in New York. We're going to cut it in three minutes. However, this is a really important topic today. So what I'm gonna do is as you guys know, we are sponsored by Mercedes Benz. We're gonna play something for you real quickly, just for our sponsors. And then I'll come right back stand by one second. Give us I believe 48 seconds
you're now listening to the world. Change your mind. Change your mind. Change your life change your life. Podcast podcasting worldwide with your host Robert my soul. Ladies and gentlemen, give way for Robert is asking on one Oh 7.1 On the main pain podcasting network and being worldwide on the specter vision Satellite Radio Network Live from Las Vegas. Today's episode is brought to you by Mercedes Benz featuring sleek, luxury, sure elegant. Visit your local Mercedes Benz dealer today and take advantage of exceptional deals for 2022. Bringing you the top news and guests from around the globe on finance, credit life, or just how to fix that debt in your pocket book from COVID-19. Is Robert.
All right, guys, and we are live now. And it is Friday, May 13 2022. It's 10 to the 8am. So it's going to be a real close up at two o'clock mark in Los Angeles or in New York. We're watching the gold price. It's 1808 Right now, and we're watching the market the markets pretty stable right now. However, you guys know that we tried to give you everything we can basically to change your life to be able to book to to let you know that you know what, there is not a certain place where you have to be by a certain time. And there is no such thing as failure. I mean, all you have to do is get up and do it again. And what a great comment that Joe made when he mentioned that, you know, just because you hit the wall or because you feel like you're you're done. Boy, that's the starting point. That's where the mats, that's where it gets magical. And for some reason you guys have ended up in this room and you're able to talk to some of the greatest people in the world regarding maybe some of your issues. So I have my absolute amazing friend Dr. Route on hold. I also have Richard Richard, I'm gonna bring you up because you have been waiting and I'm bringing Dr. Rao up. Okay, guys, this is Richard Nichols. And I believe Richard is in radio. So we have to talk about Richard. Richard, welcome to the show stand by one second.
Well, Richard, well,
I'm all the way from South Africa. So that's a different story. Um, no financial analysis or anything like that. Okay, what I wanted to ask you one simple question is why Africa as a continent is always the one that gets hit, hit on the head, financially, when will stock markets and markets go? Back, for example, now there's a thing in Ukraine, South Africa now, currency against the euro, American dollar, and the pound has gone. We just suddenly all of a sudden lose value. Why does that happen? Is that because investors are looking to see what South Africa's reaction will be to what's going on. And Richard?
Richard, one thing I promised our listeners and viewers around the world is that if I don't understand something, or I don't know the answer, I'm not just going to pretend that I know. I will tell you that I that I believe this is my current my current belief is that it's an off scale market. In other words, it's a market that we're not familiar with. So when you I have a deal right now going on in the Amazon, if you will. And there it's a real estate deal, but I still have a hard time wrapping myself around a deal. That's 1000 miles away. Okay. I don't know why I just do but you know, what, if financially, it meets all the metrics, financially, everything everything's working, but I understand what you're talking about, where you're kind of left, you know, on the sidelines a lot of times and you know what that does happen? Right now, the whole world is looking at Europe, they're looking at the United States. They're looking at that the the entire totality of the war and who's with who and everything. So, you know, maybe they're not looking down there at this point right now. I'm not saying they won't be As you guys, you guys have a financial system, just like we do. It's just a matter of getting the right people to look at it. And right now, my friend, is just so difficult in all areas of finance. Let's talk about that, Richard. It's a really as the United States right now, there, the entire stock market's been propped up by the Federal Reserve, okay, the market supply, the dollar supply is all being propped up. Those are things that are happening in the United States, and that's causing exponential change throughout the world. Okay, these aren't just small things, these are really, really, really big things. So we have to be very, very, very careful. And as we watch all this stuff, there's a lot of stuff that you know, you'll hear from me, and you'll see on our show that was never discussed on your normal television station. And your question is probably one of those one of those questions that won't be discussed on Bloomberg today. I will just simply say that I think that for the person that has the money that is the investor, whether it's the corporation, with the fund or the individual, it's it's a little far off for them to have a full understanding, in my opinion.
Yeah, it's just because, okay, as far as South Africa has a lot of things that people don't understand. First of all, we have a very big difference between the haves and have nots. The whites in this country still have the biggest share of the economy. The blacks, even though they're in the majority, they still battle. And suppose probably, I can answer this question myself, investors from overseas, look at South Africa. They also look at all the has come with the ANC with Manny's go missing here, left rack and center, because people have spent I mean, we have, they're not shy, they'll take public fans, and they'll have a party.
Well, Richard, Richard, Richard, Richard, I think you're answering your question, my friend, I think you're answering the question right there. I mean, I didn't want to go there. But you did. So we'll just go over? Well, we'll plow right through that topic. There's a lot of stuff that goes on over there that is not transparent. And when you don't have a transparent economy, and you have money that people are trying to put into it, people are gonna have a question. Okay. And what you just said is very, very true. And until I until they raise their transparency, even with their own people, they're gonna have a tough time convincing the world market leaders to be able to jump in. So you said it, I'm just simply being blunt about it.
We also have another problem, we also have another problem too. And that is a shortage during the apartheid, South Africa could have had enough power to power the whole of Africa. Now, all of a sudden, we don't have power, I can be sitting here talking to you now. And my house will just go into darkness, because Escom have decided to implement load shedding because they need to save so many Mega 10 megawatts of power. So certain areas of the country will go off. So I suppose that also probably is investor. So what happens if I come to South Africa and I put a factory in place? Am I going to be able to produce a profit at the end of the day? Because now there without electricity, then what must I do? Must I purchase? As our firm does I work for a local law firm we have the building has a generator. Right? So you're busy working on your computer and everything goes off? And then everything? We're on the generator?
Right. Right. And in terms of Eric, no, we're there again, there again. Are you an attorney by chance, Richard, are you an attorney?
No, no, I'm an admin clerk. I work basically do the administrators horrible things called Photo copiers and printers? Okay. Well,
you know, I think that I think what you said now is you're saying that they're, how are you going to? This is a great concept, how are you ever going to convince a company to come in and create value for your area, if you can't even promise that they're gonna have power on if I have a company there and I put $100 million into a plant and I'm hiring your people. And you're going to have a power outage on on me that's going to cost me so much per hour, not to mention productivity dollars. So that along with the fact that you're into that, I mean, there's all those things add up. So I think to answer your question, my friend
Yeah, I suppose I'm answering the question myself, because I know the the problems that South Africa has I also heard you Talking about people being notified in America about being evicted from their properties that is, and that is big business here. Attorneys in this country, make it their business to do that for the banks. All right, let me let me say basically, they put a whole department in place to do that.
Right. Let me let me tell you what's going on here in the United States, and then I'll cut down to my doctor Rob, if you don't mind, okay. When we're, when we're talking about real estate portfolios, my friends. The American real estate market is being bought up and snatched if you will, by corporate America, by Blackrock by a novice by your Vanguard funds by all these funds, we represent of a very, very large portfolio that's buying out of the following places, following cities. Number one, Tampa, Florida. Number two, Houston, Texas, Dallas, Texas, Indianapolis, Indiana, Columbus, Ohio, and Detroit, Michigan, those are the cities that we're buying in right now, when I say we're buying, we have billions of dollars of other people's money to do just that. So if you have property in your it's single family homes, we're buying them primarily to be able to just have them be used as rentals. So we're not looking for, you know, build and hold and sell, we're not doing that now. It's immediate, it's immediate expansion. And if you haven't, if you want to contact, contact us, so you can, you can reach us at just Robert at W CI bank, ba n k.com, WCI bank.com. And we'll be glad to take a look at those and help you and show you exactly what's going on. But what you're also talking about Richard is this, people who are living in apartment complexes that have lived there for 1215 years, are now getting eviction notices, people that don't have rent control are being told, I'm sorry, you must now leave. And people don't have the financial ability to number one, even get their stuff ready to be able to move within 10 days. And they Second of all, don't have the ability to put your first last and deposit. We own properties all over the place. And I mean, we just did one last night at a Utah I have properties in Utah, and that for that person to move into that property cost them about $10,000. And the person behind them, which came up this morning was somebody who wanted to pay cash for an entire year at $4,000 a month. So you got to realize how hard this market is right now. It's very, very difficult. Go ahead, Richard.
Yeah, what I was just saying that we have in our, in our legal industry, a whole even have call centers, which chase people who are not more specifically businesses, which have got loans with banks and stuff, who now are falling foul of the said, it's just there. It's a business basic.
Okay. Richard, what I want you to do is write my name down Robert Paisola. And then I want you to type in the word Sound Cloud. So und clo UD, we represent those people that are being destroyed by those banks. So when people are getting phone calls, there are people right now, Richard, who won't be able to get their mail, there are people that are terrified to go outside, there are people that don't know when that phone rings, if it's going to be the call for them to get out of their house. They're under tremendous pressure right now. Mental health, mental health is huge. And I come from a collection background, which is you know, you if you read my profile, and you know, go to go to Robert paisola.com, you'll be able to see. And there's been hundreds of articles written about what we've done. But you know what, when it comes down to it, I'm very clear about who we represent. Right? This time, we represent a portfolio I mean, with billions of dollars, we have to because it's a one time deal for us. It's not somebody that comes along all the time. We're not buying one property at a time we're buying 200 300 400 at a time, you know, and so that's real. So keep that in mind my friend that each company eat everybody you deal with everybody has their own specific challenges and boy has been good talking to you today, my friend and I really appreciate it. Richard
thank you very much for your time and and it's interesting to to hear it.
Yes. Please follow me and I guarantee you always get value out of everything what you hear us say nothing has ever said. That is not transcribed. Nothing's ever said it's not recorded.
I heard you mention earlier on when you introduced me I used to do community radio and as a result that I have two podcasts which come out of in Maritzburg in KwaZulu Natal, but my hosting company is in Cape Town. And I write a story called the park and African story and short stories and poems, which is on Spotify. All right, so and that content came from our time as a producer on a community radio station.
Excellent. So now our team has had to get a hold of you. Those that want to get old. Richard, feel free to and Richard, welcome. Welcome to the platform. You'll notice that this amazing team, God bless you, my friend. Thanks. So right now we're let's see 11 to 1212 to one, it's 2:12pm in New York right now, and it looks like everything is hanging in there. Let's take a look at the s&p 500. We're now up at eight points. So it's still about the same. The Russell Index, the Russell 2000 is still up 57. So guys, I these are things you really can't describe or discuss or figure out why other than the fact that the market is doing what doing what is doing what it's doing. Up 1000 points one day down 1000 points next day was 1000 points. I mean, that's that's not exactly right. But you get the idea. All right, I'm going to bring up my excellent friend. Hey, Jason, give me a second. And I'm bringing up my dear friend, Dr. Rao, who always has amazing, amazing data to bring to our team. Dr. Raul is somebody who I know personally and who I think is absolutely full of the ability to assist you and bring you to your next level wherever you are. Good afternoon, sir. How are you? Hi, Bob,
how are you?
I'm doing fantastic today. Wow. Just watching them.
I was on a call. You know, I couldn't break that up, you know, but I'll talk later. If you have time call me I'm three from another hour. I wanted to talk about something very significant, which our friend module touchdown, you know, that's about, you know, the mom, Mother Teresa, and the Pope, what they were really servicing and all that, right. But I'm talking about what the internally feel is more important than their ex external things. You know, this was very important, because in the ancient wisdom, I miss claridon, most of the people who are like that, because the part that they call that liberation, or moksha, in Sanskrit, or Nirvana In Buddhism, so many names, right. But basically, they're talking about something in all of us, including you and me, and they will, but we are not touching that. That's why we go for the external things and think there is the our power or our desire, everything is in there, you know, so they have a system. Dharma Artha Kama moksha, in Sanskrit, what do they mean is, there is a universal law in the world, that you have to follow, you want to go for the money, that's one thing, and you want to desire, so completely fulfilled that somebody thing, but the caveat is they have to be done according to the universal law. And so they're limited, even if you achieve arts or riches outside, you're limited in fulfillment, and also our desires are limited, I think we know that intuitively to you know, in the last one deliberation, that is something that you can touch upon, and then go about working for the money or you know, just not holding it, but sharing it and also desires also have a meaning that so, they are looking for something inward, that is there, and that can be really so, I was fascinated by this and I went investigation into that, like as a scientific doctor, I went in there and then I kind of dug up the you know, a lot of things from the ancient scriptures and all that right, not one particular religion, any put any religion also. Then what it is revealed is the form the center that is contented and happy and peace by itself. It's not going to be peaceful, it is peace itself happiness itself, contentment itself. Once you are logged in that then anything else is really not met. And then they came out and work for the welfare of society. It is called that in Sanskrit like a abnormal Shabda jacket. That means you go and find your inward forever fulfilling center, and then work working With the war in Saudi, yes,
yes.
Very important because it's not that easy. I have also been a member of American Association of individual investors way back in 1980, i 81. And I came in, right. And then they gave a lifetime membership for $365, or something, I took it ever since they have been sending material to learn about the market economy, and what's the role of this money in all of that, I think that is a noble purpose when they wanted to do that, so that all the people will be helping to manage their monies, and also pay for the essentials. And also anybody who, therefore a lot of good things, have them. But then the same forces are there too, right? The greed and accumulating hoarding and also really exploiting elements of any human nature to and then you had to be wise about what is that you want, ultimately, is that external riches only, or internal fulfillment and satisfaction and contentment? See, that's where I shifted my gear towards that. And then, however much suffering comes your way you can take it, and there's another extra bonus on the practice, that is extreme bliss is possible. And you touch that. Yes, center it?
Yes, it is, isn't it?
Yeah, that's what I wanted to present here. So that you and everybody else will really see what that is entries and then touch that. And thereby, if they'll be in that pot, you have learned about all the monies and all the money system, you know, I also know, stock market literacy, and all the words they talk about, because I put my effort into learning all that, you know, but they will, please and they don't interest me much to accumulate as much as if I have the money I will distribute that that's better, you know, but going beyond this also requires some really understanding not as much as the work but is understanding and really studying ourselves and in the relationship or life. With, we can see the boiler makers they used to call 19. Yeah. And then we saw those people who are really, I think, they said movie, Titanic hero. What was that DiCaprio? His movie? Was there well, Wall Street wild dogs or something? Yes, he was showing what people have accumulated. But then how they ended up and then all the even that guy boskie
Yeah, we have we have we have plenty of plenty of representatives of people. So if you know, Bernie Madoff, Bernie Madoff. Movie Wall Street, The Millionaire big man, billionaire boys club. I mean, it's crazy guys,
you know, the universe, Allah, see, when you do something like that, in the sly will get you ultimately. And that is a respect people had, for example, Mother Teresa and the Pope, he talked about, you know, if you look at that, what they are doing is the surface what there is a peaceful internally? And what are the qualities that we want to emulate? Not just the position or not just the login to aid understanding those wise Patterns of Life and in turn internally, mainly, and then you also participate in that? Are you allow that to come in to you, you are already set up with a lot of wealth already?
Absolutely. Well, as always, you bring tremendous value. And the way you the way you look at things is is is different, obviously. And you know that. And I think that's what makes you so special doctor, because I think you're you know, you're not just coming at it from a purely medical PhD, because it's specific, you're looking at a lot of the fundamentals of the of the mind, and how our minds handle all of this data. And we've talked about that many times. And you know, I think I'm gonna do a show again, we'll have that discussion. And I think that that you're, you're somebody that corporate America needs right now. Because as we tried to get back on this horse called life, this this business, we need some direction, because right now, I think our country actually has a lot of issues with regard to we don't have a lot of direction and I think that from what I've seen of what you've done, it's just absolutely fantastic. So
very, very nurturing for me is that parman on the practice side But our mom is absolute on the place, absolute bliss is possible in every human life. Only thing is, we have this mind evolved such a blocks that. So get to understand the mind and go beyond the mind inside. And then you will have touched that even touch for a few seconds. It's really fulfilling throughout the day. So I'm very blissful. Because I'm always in that. Probably very fortunate probably. But understanding that and really staying there requires to understand our world, and then really take the good, and the bad, keep it out consciously. You know what this mean? It means there should be revolution in our consciousness inside. That's the need of our everybody can do that. But then they are all stuck with whatever they have been brought up are, you know, those kinds of things. When you do the existence from the ancients to now, experience has this is only we have to touch that that's my motto, physician job is to show them to be very peaceful, contented?
Yes, yes. Use peaceful, peaceful, in this world in this in this world.
To be physically healthy, and then mentally really clear and psychologically dependent. And then you could watch this.
But what do I say? I, I learned every time I talk to you, and our listeners do too. That's why we're here. And we made a promise to everybody that we're going to provide valuable content. And you add certainly to that content, my friend, I will be calling you in just a little bit. I certainly certainly certainly appreciate that, sir. Thank you, guys. This is Robert Paisola. And I am the CEO and president of Western Capital International. We're based in Las Vegas, Los Angeles, Miami, in New York. And what we're trying to do today as we're analyzing the market, although the market is kind of it's up a little bit, but the same same thing. The reason I said earlier in the message is Elon tanking Twitter. This morning I woke up and I found out that, that there was an issue with a tender offer that he made. So to those of you that are still here, I interviewed Robert Kiyosaki on back in October. And I want to play a little clip from that. That, that for you. And you can take it for what it's worth. But to me, I put it in a clip form because this is very, very valuable information. And from my standpoint, looking at it from October, and I adjusted things after I actually I got it. Usually after I got actually actually better. I heard this from him, we
saved it 781 was a Nixon took the dollar off the gold standard. And that's why our economy is under strike carriers position today. And we have never been here in the history of the world. And we've printed more
guys, this is a live conversation with Robert Kiyosaki and myself, October 25 2021, at eight o'clock in the morning, this is what this man had to say. Now take a look at where we're at today. By the way, mortgage rates rise to 5.3%. That's library. So 5.3 is your base point.
August 15 97. A one was a Nixon took the dollar off the gold standard. And that's why the economy isn't a strike carriers position today, that we have never been here in the history of the world. And we've printed more money in 10 years than we have in the last 10,000 years. You know, it's it's crazy. So what happened on August 15 19 71/50 anniversary is coming up is what kind of inspired me to question things. So I'm saying to you enough, first talk to you I'm I'm impressed with your generation, because you guys are far more aware of what's going on, at least financially macro, economically than any other generation in history. But my generation, the boomer generation, were clueless, you know, someone seven, eight, August August 15 1971 came, what people don't realize was right at that we broke the agreement of the Bretton Woods agreement 1944 We promised the world with the data will be backed by gold. Going back in time to 1933 it was FDR Franklin Delano Roosevelt who by loves the guy was a hardcore Marxist. He may own a gold helical and so forth. So that's Project 3319 44. It goes through the history, Bretton Woods 71. Nixon screws the world One thing that happened to me that really screwed my generation of boomers, the 401k was born in 1974. So today, yeah, my generation of boomers they're hanging on.
So now remember what he just said, the dollar valuation was taken off the gold standard. And then the invention of the 401k. Which, of course, is still the benchmark to a lot of people's financial success. Let's continue on. And again, this is for October 25 2020. Why not have to state this as copyright 2022 Western capital media, please do not copy this.
August 15 1971, was on Nixon took the dollar off the gold standard.
Anyway, it comes back to the point where he's he's discussing the fact that that because the market has been changed so much, because the market has been in such chaos, because it is being held up, that it's going to go into its own traumatic dissent. And so I'm just going to leave that with you, I'm not going to give you any advice, I'm just going to tell you that these are the things that are happening, my friends, this this was supposed to end at one o'clock or two o'clock New York Time, which would be two thirds to 30, almost in New York right now. So we're gonna go ahead and close this out, because I want you to really, really, really understand who we are what we do, guys, and then thank you, thank you, thank you for being here. Thank you for listening, thank you for all you do for for the support that you give us and all of our environments. Everything we do is made to bring your life to Betterment to bring you the happiness that you desire. And you know what, sometimes it's not easy, but we're here. And as the CEO and president of Western capital, I can tell you that we are making a difference, I can tell you that people are noticing who we are, and they are asking us to assist them in their businesses and in their personal life and in their financial life with their businesses. Keep that in mind, guys, because that's what we do. This is Robert Paisola, you can go to Robert paisola.com. And all of my social media, at least I think most of it anyway, should be connected. So you can feel free to follow me and we're gonna definitely definitely, we definitely will reach out to you. As always, this will go into syndication. So any and all the information obtained from this video is the intellectual property of Western Capital International, All Rights Reserved, and should not be used without the express written consent of Western capital. We appreciate your time guys, as I said before, we are sponsored by Mercedes Benz. And if you're wondering how that works, just kind of go through our our talks go down to go through a couple of them in the past. Yesterday, we had one more I was on television yesterday. And then the one before that was I remember but there's one we talked about, specifically about branding and marketing, and you'll learn the serious value of being marketed and