April 17, 2023 • 33 mins
The World Economic Forum has predicted that by 2030, we will own nothing and be happy. How close have world leaders pushed us towards that goal? With inflation sky-high and the rising cost of living, the American Dream seems unattainable. What can you do about it? And why do they want us to own nothing? New York Times bestselling author Carol Roth is out with a new book, You Will Own Nothing, and she joins the show.
See omnystudio.com/listener for privacy information.
Mark as Played
Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
The World Economic Forum says that by twenty thirty we
will own nothing and be happy. So how close have
they pushed us towards that goal? Carol Roth just wrote
a book on it called You Will Own Nothing. She's,
of course, a New York Times bestselling author. We've talked
to her about her last book, The War in Small Business.
She joins us to break it all down stay tuned
(00:21):
for Carol. Well, Carol, it's so good to have you on.
Speaker 2 (00:28):
You know, love your.
Speaker 1 (00:29):
Work, consider you a friend, so I'm looking forward to
having this conversation about your new book.
Speaker 3 (00:33):
I'm thrilled to be back with you, Lisa.
Speaker 4 (00:35):
We always have such a fun time when we chat,
and the subject matter is so important, So I'm thrilled
that you're giving your listeners an early sneak peek as
to what's ahead.
Speaker 2 (00:46):
And you're already crushing it.
Speaker 1 (00:47):
You're already an Amazon bestseller in the book is not
even out yet, so that's pretty awesome for.
Speaker 3 (00:52):
Three months ahead of time.
Speaker 4 (00:53):
It's pretty unprecedented that the topic is really resonating with
people as it should. Obviously, just thrilled with the response
and you know, the ability to be able to help people.
Speaker 1 (01:04):
Fight back well, I'm so happy for you, because that's
awesome to already be doing so well and it's not
even out. I love the title you will Own Nothing.
Of course, the title from the book comes from the
World Economic Forum, which says that by twenty thirty, we
will own nothing and be happy. They're nailing the own nothing,
but not not quite the be happy part.
Speaker 3 (01:24):
Yeah, it's crazy.
Speaker 4 (01:25):
When I first heard that this organization, the World Economic Forum,
which is littered with the elite of business leaders, political leaders,
very well connected people, we're somehow saying you will own
nothing and advocating basically for the end of private property.
I was like, there's no way that that's actually true.
(01:46):
That's got to be like somebody taking something out of context.
You know, there's just there's no way. So obviously I
did my own research, and you know, there it was.
You know, several years ago, there was an article on
their website, which by the way, has been scrubbed since,
but you can still find it with the wayback machine
that had their predictions, their tough predictions for twenty thirty,
(02:07):
with the number one being you will own nothing and
be happy.
Speaker 3 (02:10):
And then a couple of years.
Speaker 4 (02:11):
Later they did a video which I think is still
on their Twitter, but definitely you can find on YouTube
that recounted these predictions. And you have this very handsome
young man just smiling and you will own nothing and
be happy by twenty thirty, which is seven years from now.
And I'm like, that is a complete insanity. And so
(02:33):
it's always one of those things that stuck with me
in the back of my mind. And as I've been
talking to people and thinking about the wealth of issues,
from social credit or business social credit, which we know
is ESG, to the FED destroying the value of a dollar,
to all of the issues we've been facing financially based
(02:54):
on government decisions, whether it's you know, energy or stimulus
that led to it, whether it's big tech basically renting
everything to us as a service, and we actually, you know,
aren't getting anything, but they're getting wealthy, whether it's millennials
earning more than all of the the folks that have
come before them on an inflation adjusted basis. I mean,
(03:16):
they actually earn more than Baby boomers or Gen X
at the same time inflation adjusted, but they have no
housing and they have no wealth. We've got corporations competing
with people for housing. We have hedge funds and universities
endowments buying up land and water rights. You know, I'm
thinking about all of these things, and I'm going, what's
(03:38):
the through line here? Like there's something going on. And
I stepped out of my bed one day in April
of last year and I walked two paces and it
just hit me on the head. You will own nothing
like That's where this is all coming from. And in
my research, you know, I realized that we are on
this precipice of a new financial world order. This is
(03:59):
not something again that's conspiratorial. It happens on a regular basis.
We've only been the global center of the financial universe
for about eighty years. It was the British before us,
and the Dutch before them, and.
Speaker 3 (04:09):
That our run here is getting a little long in
the tooth.
Speaker 4 (04:13):
And it's clear that all of the people who are
well connected, whether it be the folks in our government,
the wef you know, big tech, whoever, they're all seeing
this and so they're trying to jockey to control every
resource they can as this.
Speaker 3 (04:29):
Global financial world order shifts.
Speaker 4 (04:32):
And in the process, if they own everything, what's left
for you nothing, So they have to sell it to
you that it's going to be a great thing. But
if you are a student of history, even in the least,
you know that every time people had no property rights,
it had no ownership. They were not only not wealthy,
(04:52):
they were not free. And they, certainly, I'm guessing, we're
not happy.
Speaker 1 (04:55):
That's why they want us to own nothing, right. I mean,
it puts them in control role and it leaves us,
you know, essentially defenseless and dependent.
Speaker 3 (05:04):
One hundred percent. That's exactly it.
Speaker 4 (05:06):
They only care about what's in it for them, which
is human nature, which is why we had this really
cool setup in the United States based on a constitutional
republic to try to thwart that from happening, which you know,
work for some bit of time and then has.
Speaker 3 (05:22):
Started to unravel.
Speaker 4 (05:23):
But yeah, the more that they can hold and control,
the better off it is for them. They get to
be special and you get to be non special. Kind
of sounds like essential and non essential. When did when
did we hear that in recent history? And yeah, it's
it's a it's a good thing for them, and they
kind of don't care about what it means for anybody else.
(05:45):
So certainly that's the trajectory, and it does make us
more dependent on them, as you alluded to, which gives
them the ability to exert more power and more control
and make sure that that balance of you know, them
having stuff and being special and us being the pleabs
you know, continues.
Speaker 1 (06:04):
On well, and it seems like COVID just really gave
them ample opportunity to sort of accelerate this goal of
us owning nothing one and just the government assuming more
power over us. And then you wrote about it, but
the crushing of small businesses and the centralization of everything.
Speaker 4 (06:20):
Yeah, I mean it was the greatest most historic wealth
transfer of all time. Greatest meaning the largest, not greatest
meaning a good thing that you know that it had
ever happened in history. Trillions and trillions of dollars that
were just you know, moved from Main Street America to
Wall Street. And obviously we're still paying the price quite literally,
(06:42):
when you have things like inflation, you know that the
the people who are in the working in the middle
class really bear the brunt of that. So it you know,
it's a question of whether it sort of gave them
cover to do that or if it was all intentional,
which I think you can make a good argument that
this was a piece of the overall you will own
(07:04):
nothing plan, but it also did other things. You know,
it did things like cement social credit. When you think
of a vaccination card, you know, that's an early form
factor of a social credit card. You could not participate
in parts of society in certain places if you did
not have a card that said, you know, I'm socially acceptable.
(07:27):
So there were a lot of things that kind of started.
They had people who were cheerleading and backing the government
and not pushing back, and so it really did signal
to the elite, Wow, this is probably going to be
easier than we thought. And when you think about new
(07:48):
efforts that they're putting out, things like the potential for
a central bank digital currency also known as a CBDC,
a way to marry that social credit and gain control
over your money, you know, this kind of gave them
the confidence.
Speaker 3 (08:02):
That, hey, we can do this.
Speaker 4 (08:04):
Because I mean, I don't know about you, Lisa, but
when I was in February of twenty twenty, in March
of twenty twenty and seeing this COVID stuff going on going,
could they really get people to like close their businesses
and stay home at scale, like I don't think that's
going to happen.
Speaker 3 (08:20):
And of course that's exactly what happened.
Speaker 4 (08:23):
So now that we've been through that period, things that
you know, five or ten years ago we would have said, yeah,
it's probably not going to happen, or would take a
really long time.
Speaker 3 (08:31):
I think we need to look at through a totally
different lens.
Speaker 1 (08:35):
Well. I think what scared me the most about COVID
is just how easily people are manipulated. You look at
things that have happened throughout history and you're like, oh,
how would people go along with you know, terrible things.
Speaker 2 (08:45):
And during COVID we really saw like, wow, you know
you have like.
Speaker 1 (08:48):
Friends, you know, people kind of turning their backs on
you for making decisions in opposition to the ones they
were making, and you kind of paint a picture of Okay,
we could easily you could kind of see how these
things spiral and how easily people were actually willing to
give up control over their own lives and.
Speaker 4 (09:07):
People that you thought were in your circle. Our mutual
friend Jesse Kelly talks about this all the time. How
you know your aunt Peggy, who you know was all
in on the vaccine, is like the first person to
ratch you out if you weren't following along with the orders.
And so it does give us that perspective. You know,
I don't use comparisons to the Holocaust or Nazi Germany lightly,
(09:31):
but you know, when you just look at a time
frame and how quickly that particular society devolved and how
they got people, whether it was for self preservation or
to just be aligned with right thing, you know, we're
turning on each other and creating that catalyst. You can say, well,
seven years from now twenty thirty isn't a very long time,
(09:52):
but in the scope of what we've just been through,
were some of these other historical situations that turn very quickly,
It's actually a really long time. I COVID thing was
just three years ago, so you know, think about that's
you know, two plus, you know, the amount of time
from now then it was backwards to the start of COVID.
Speaker 1 (10:10):
It's also just scary seeing how quickly our society has
fallen in such short order. Uh, and out of the
leadership we currently have. You know, you talked about the
Central Bank digital currency. I know you've written it. You
wrote about this in the book as well, talk about
what it is and why people should be concerned about it.
Speaker 4 (10:27):
So the interesting thing about central bank digital currency is
that they are using the interest in cryptocurrency, which is
a pushback against centralization, to conflate what a digital currency
is to confuse people and I believe to ultimately introduce it.
Cryptocurrency was, and particularly something like bitcoin, was created because
(10:52):
people did not have faith as they shouldn't in central banks,
including the FED, to you know, basically stand up and
and take their fiduciary duty to manage the purchasing power
of the dollar. And we've seen it degrade over time,
and so you know, the argument is, obviously you want
to have the money less centralized and certainly not dependent
(11:14):
on one entity that's aligned with government in terms of
their goals. So since that there's so much interest in that,
one of the things that country is around the world,
and I think particularly the advanced countries have been doing
is thinking about how to bring about their own digital currency.
But they're not doing it obviously in the spirit of centralization.
Speaker 3 (11:34):
They're worried they're going to lose.
Speaker 4 (11:36):
Control over the money supply if people migrate to other
things bitcoin or whatnot, then you lose a huge tool
of your ability to control people, and they certainly don't
want it to see that happen.
Speaker 3 (11:50):
So they're basically saying.
Speaker 4 (11:51):
Oh, no, no, well we'll do we'll do a digital currency
and it'll be safer. But it's entirely centralized. It's exactly
it stands that, you know, it's a polar opposite of
what a decentralized cryptocurrency like a bitcoin is meant to
stand for, and so what a central bank digital currency
could do.
Speaker 3 (12:12):
And they have multiple levels which I won't get into
all of the wonkiness.
Speaker 4 (12:15):
Here, but there's a level that they can use it
to communicate within the banking system amongst financial partners.
Speaker 3 (12:24):
But then there's what's called.
Speaker 4 (12:25):
The retail facing CBDC, and that's you and I using
that and using their digital dollar instead of the physical
dollar in our wallet or a proxy for a physical
dollar such as our credit cards or debit cards. So
just imagine that you have a dollar in your wallet,
right and that dollar has a microchip in it and
(12:46):
there is a code, and they know exactly what that
dollar is and who has been given to and they
know that you're holding it.
Speaker 3 (12:53):
And you take that dollar to the.
Speaker 4 (12:55):
Store and you try to give it to the store
clerk and they say, I'm sorry, we saw what you
posted on Facebook, Lisa. We don't like it, so we're
going to put you in a timeout for a while,
or Carol, you know, we know, let you like your burgers,
but you've had three this month already. They're bad for
the climates alone.
Speaker 3 (13:14):
They're bad for the climates.
Speaker 4 (13:16):
Yeah, so please stop eating burgers.
Speaker 3 (13:20):
Moo moo. Whatever. So that's the kind of control that
they can have.
Speaker 4 (13:26):
And as you can see, it really marries social credit
and that social agenda and what it is they're pushing
with the control over the money supply. They would have
the mechanism to track everything you do. I mean, yes,
they can generally look at you know, credit card statements.
I guess if they were to like subpoena them or something,
or maybe maybe there's a way for them to do that.
(13:48):
But like they can't track every little thing that you
do and everybody you tip out and whatnot. This would
literally let them track every move you make and potentially
give them the power to shut that off. And you say, oh,
they can't do that, it's not constitutional. Well, have you
lived through the last three years? And so my concern
(14:09):
is that even if people don't want to accept this,
that they're going to again trick the financially illiterate population.
Speaker 3 (14:18):
Into making this happen.
Speaker 4 (14:19):
So if you think about the stimulus that came out
under Biden, we all said, you know, this is the
American rescue plan. Don't take stimulus because you'll get like
a thousand bucks or whatever it was. But you're gonna
have massive inflation and it's going to cost you thousands
of dollars. And everyone's like, I want my Biden bucks,
give me my thousand dollars whatever, And then what happened.
(14:43):
You're now paying thousands and thousands and thousands more dollars
every single year because of inflation.
Speaker 3 (14:48):
It's the same thing here. They may say, Lisa, I've
got a deal for you.
Speaker 4 (14:53):
I'm going to trade you your one actual dollar.
Speaker 3 (14:56):
I'm going to give you four digital dollars.
Speaker 4 (14:59):
And you might go, that's amazing, I'm going to do that,
but you know what, each one of those are going
to be worth a quarter of what the actual dollar
is worth, because you dollars are a proxy for productivity,
and you can't just make them out about of nowhere
and then assume that everything's going to have the same value.
There's a math equation here, there's logic and reason and
(15:21):
it all goes together, which is why when they've been
printing this money out of nowhere. First it inflated assets,
which the elites love because that helped them out and
didn't help the average American out, and then ultimately ended
up crushing the Americans when it hit the spending piece
of the equation. So that's what we're fighting against. It
(15:43):
is the number one affront on personal freedoms and wealth
creation opportunities. It will affect your ability to earn, It
will affect your ability to spend to get services, think
about things like medical services. I'm sorry, Lisa, you know
you can't do this if you don't get the JEB
and we can't turn on your dollars. I mean, just
(16:04):
the amount of control is staggering. Not only that, it
just from a systemic standpoint, it's extremely risky because when
you have a decentralized financial system, if there's a cyber attack,
because this is all digital, right, there's a cyber attack
on one or two institutions like it could be a
big headache if it's a big institution, But it doesn't
(16:26):
bring down the whole system, because there are other places
that haven't been attacked. If everything is controlled by the Fed,
by the Central Bank, there is just one point of redundancy.
And if a hacker were to bring that down, which
they would have every incentive to do, that means the
entire US economy just comes to a grinding halt. It
(16:48):
could be too big to fail on a level that's
like ten times has been.
Speaker 1 (16:52):
Take a quick commercial break more with Carol Roth. So
I think it worries me. Well, I know, Governor Santis
has said that we're going to reject central bank digital
currency here in Florida, and you know, he's warning people
about it and once to take steps to try to,
you know, keep it out of here. But I used
to hear people say things and I'm like, oh, no,
(17:14):
it's a conspiracy theory. Now, like you could tell me
that after COVID, you could tell me that, oh, like
Nancy Pelosi is a lizard person, I'd be like, maybe, you.
Speaker 2 (17:21):
Know, because like, but I'm like.
Speaker 3 (17:28):
It's possible, right, she does.
Speaker 2 (17:31):
Kind of have certain time.
Speaker 1 (17:33):
But you had talked about, you know, the digital currency
and the government's ability to track us. I mean, it
really does seem like that's the push on everything, right,
because even during COVID with the vaccine passports, you look
at China the way that they use them literally not
allowing people to leave their homes, right, disallowing them to
leave their homes depending on and also falsely saying people
had COVID when they didn't to keep them in their homes.
(17:55):
But but even beyond that, you know, you just mentioned
that the tracking with the Central Bank digital, but even
on electric vehicles as well, because if you look at
what the Chinese government does, they actually track their citizens
through electric vehicles. And so one of my concerns for that,
especially as we see Joe Biden, you know, essentially make it,
you know, trying doing his best to make it impossible
(18:15):
to own gas powered cars for stoves apparently, yeah, yeah,
exactly through you know, his restrictions and rules out of
different agencies.
Speaker 2 (18:24):
I mean, is that the play here with electric vehicles?
Speaker 1 (18:26):
Is it because they're easier to track or why do
you think they so desperately want and forcibly are trying
to push us in that direction.
Speaker 4 (18:34):
I do think that it's related to the new financial
world order and trying to jockey for position to control resources.
So one thing is obviously there are certain countries around
the world that are very heavily dependent on oil. You know,
think about the big oil producing nations, and even though
(18:55):
the US has the capability to be the biggest producer
of oil, you know, it may be, hey, well if
we do this other thing, then you know, we can
kind of cut into their profits. And oh, by the way,
think about which states benefit in the United States from
oil and gas in terms of, you know, their own
(19:16):
revenue creation. It's not a lot of the Blue states, right,
It's a lot of the red states.
Speaker 3 (19:21):
So here's a new scheme, a new way, you know,
through this climate cult this this.
Speaker 4 (19:27):
Such dangerous emergence, so dangerous, Lisa, that they're going to
drive their private jets and build mansions on the waterfront
because they're so afraid. But I do think that it's
about it. It's a monetary push behind it. I mean,
the amount of money that they can make from investing
in these things and giving out favors, and the whole
(19:49):
consultant and professional class that has grown up around it.
I do think it is completely based on power and greed.
And then I think the fact that that's a trackable
thing is fantastic, but they have so many technologies and
so many things they're doing that could track us that
I think that you know, whether or not you buy
(20:10):
an electric vehicle, they could create the rules and regulations
to still be able to track you. The concerning part
is I think they're actually trying to get rid of vehicles.
Like I don't even think it's about electrical vehicles. I
think it's you know, they're coming up with these fifteen
minute cities and you know maybe these these you know,
autonomous fleets and things, and.
Speaker 3 (20:32):
Oh you don't really again, you don't need to own
your car. You'd be so much happier.
Speaker 4 (20:35):
Think about how much time it just sits idle in
your driveway. We'll just leave to the side that it's
you know, you know, it enables you to have freedom.
That's okay, but think you don't have to make that
payment and then you know, we can just help you
out and then you need to go to you know,
your your big meeting and get in your hail your
autonomous vehicle, and they say, I'm sorry, Carol, you sense
(21:00):
something bad on Twitter, so you're not going to.
Speaker 3 (21:03):
Be able to leave your house today.
Speaker 2 (21:06):
I would I would be guilty.
Speaker 3 (21:08):
We would never well leave let out, which by the way,
was actually my dream. But as long as it's of.
Speaker 1 (21:16):
My own volition, okay, yeah, exactly exactly, I'll be a
recluse on my own house.
Speaker 3 (21:21):
Exactly right. It's okay to be it.
Speaker 4 (21:23):
As long as you're the one, you have the agency
to make that decision.
Speaker 1 (21:27):
Yeah, let me be an introvert on my own you know,
don't not by not forced. Yeah.
Speaker 2 (21:32):
So obviously you did a.
Speaker 1 (21:33):
Ton of research on this book. What kind of like
scared the hell out of you the most.
Speaker 4 (21:38):
I mean, the whole thing when you put it all together,
is frightening. And I have more than six hundred sources
in the book, and a lot of them are like
mainstream media sources. So CBDC I think is the biggest
affront to our wealth and our freedoms because it is
just so irreversible once it starts. There's some other things that,
(22:00):
you know, maybe have a little maneuverability, but you go
back to the you know, is this a conspiracy theory? Well,
the New York Fed did a pilot with major financial companies,
about a dozen of them. I think it was sometime
last year. Maybe my months are all messed up. So
I think it was maybe like somewhere between July and
(22:21):
November of last year, the G seven countries came out
with joint principles.
Speaker 3 (22:27):
For retail facing CBDCs.
Speaker 4 (22:30):
We just saw video go viral about this, you know,
last week with Christine Legard of the IMF talking about
you know, this digital euro and the control that that's
going to happen. She thought she was talking to Zelenski
on the phone and she was talking to somebody else
and she kind of let this stuff all out in
the open. So again, these are things where they're doing
(22:50):
things and it's out in the public.
Speaker 3 (22:52):
So like, why would you have principles for retail facing.
Speaker 4 (22:56):
CBDC if you're like, oh, it's not anything we would
ever con So, you know, it's everything that I've researched.
Speaker 3 (23:04):
These are not just like possibilities.
Speaker 4 (23:06):
There are things that are actually happening, and you know
kind of across the table, you know, corporations competing with
individuals for their.
Speaker 3 (23:17):
Homes and ESG.
Speaker 4 (23:19):
I mean, all of these things, there's there's so much
of a push and there's so much real data behind it,
and I think that's probably the most important thing that
I've done in this book is I think people know
me as somebody with a lot of credibility and a
lot of common sense. You know, I have a very
good pedigree and you know, a good track record of
(23:41):
being pretty common sensible.
Speaker 3 (23:42):
Goal I source things.
Speaker 4 (23:44):
You know, it makes it makes it makes sense. The
problem is a lot of the people who've been talking
about this stuff are nuts and so you know, so
even though the nutty people can talk about things that
are true, the credibility factor isn't high. So I think
this is and this is This was a hard thing
when I was trying to find people to endorse my book.
(24:05):
And I got great people. I've got Glenn Back, I've
got Dana Lash, I've got Michael Schellenberger or Charles Payne.
Speaker 3 (24:11):
But it was hard. There were a lot of people that,
like my publisher and I were like, yeah, we.
Speaker 4 (24:14):
Just this person's kind of off the rails when you know,
they talk about these things, so we you know, even
though we like them as people and they say other
good things, like we just kind of can include them.
So that's I think the legitimacy here of like let's
just take this from a pure data and common sense standpoint,
and then we're going to empower you with the knowledge
(24:36):
so that you understand it and you can tell other
people about it in a way where it doesn't sound
you know that bleep crazy. And then also a plan
to fight back because you know it's one thing to
make everybody aware of this and then they go, well,
what can I do?
Speaker 3 (24:52):
Like, you need to have a way.
Speaker 4 (24:54):
To be able to make sure that you own everything
and do everything you can from a behavior real standpoint
and a financial standpoint to preserve the American dream. Because
one of the things I learned, and as you mentioned,
I'm a recovering investment banker, I've spent my career trying
to help people make money and preserve the American dream
(25:15):
that I am living proof of.
Speaker 3 (25:17):
The American dream is what it's owning.
Speaker 4 (25:20):
It's owning a house, right, That's what the American is
coming here and having that ownership, because ownership is what
creates wealth. You have tangible assets or some cases in
tangible assets, and they increase in value over time, and
that's different from just earning the things that when you
have an asset, it can grow exponentially. So if you
(25:41):
work and you earn that's what you get, but then
you have to put your money to work for you
and that's what creates that wealth and that comfort and
that dream. And you know, if you have a family,
that legacy for your family, and we have to preserve that.
That's so unique, you know.
Speaker 2 (25:55):
It used to be in how do we do that?
Because we scared the hell out of people now.
Speaker 3 (25:59):
So.
Speaker 2 (26:03):
Give us some hope here, you know, what what what what?
Speaker 1 (26:05):
You know? You know you're talking about owning things, but
you know, tell us what are like some easier steps
that people could take, regardless of age.
Speaker 2 (26:13):
I know you mentioned millennials my age bracket.
Speaker 1 (26:15):
We're kind of screwed comparedor or you know, our parents,
but you know, even our parents are trying to retire.
What can we all do to to try to combat
all this nonsense?
Speaker 4 (26:26):
So it obviously depends on your financial situation. But if
you are a millennial, you're probably carrying some outside insane
amount of debt based on where you went to college,
assuming you went to college. Because obviously the government and
the universities have been in who is to extract wealth?
I mean, just think about how evil this is. They've
(26:47):
enriched the universities at the expense of young people, and
they have not only not given you degrees that allow
you to go out and you know, get a return
on that investment that you made, but they have delayed
your ability to create wealth and in some cases just
completely obliterated it. So you know, you're not gonna like
(27:09):
to hear this, but we got to get real here.
Speaker 3 (27:12):
So you're going to do what I did, and you
can go into complete austerity.
Speaker 4 (27:16):
You know, when I graduated from college a long time
before you did, I had forty thousand dollars in college debt.
But I knew that based on the jobs that I
got because remember I'm a recovering investment banker, so I
had a really nice career that if I took undertook
extreme austerity, that I would be able to get that
(27:38):
paid off.
Speaker 3 (27:38):
And I paid it off in a year and a half.
And the way I did it.
Speaker 4 (27:41):
Is I lived in like a hole in the wall
and next to me was a cardboard box with a
sheet over it is my bedside table, and so on
and so forth. So go into like an extreme austerity measure,
get that debt paid off, because even if it's you know,
tens of thousands of like I guarantee you if you
(28:02):
gave me what you spend your money on, I can
find a way for you to do it again.
Speaker 3 (28:06):
You're not going to like it. But here's the thing.
Speaker 4 (28:08):
Do you want to spend two or three years not,
you know, not worrying about it and then not having
to worry about money for the rest of your life,
or do you want to just worry about money for
the rest of your life. So if you do that,
then all of a sudden, Okay, now I don't have
this debt that's draining me to worry about anymore. Then
I'm going to take that money. I'm going to revamp
(28:30):
my spending. So maybe you know, I want to enjoy
my life, but it's not going to be so extravagant.
And I'm going to continue to invest, and I'm going
to invest in things that are hard assets where I
can things in a form factor, I can control things
that have the ability to grow. If you work for
a company that has a four to one k like,
you are going to want to take the match if
(28:51):
they offer one, because that means every dollar you put
in they are matching it. So on a net net
basis text deferred, right, It's like fifty of the buy
in for you, you're getting your data, you're getting double
the money. So things like that, taking like a small
amount maybe five percent, and investing in physical prescious metals,
(29:11):
going in and finding a way to buy a house.
And again it may not be in the city or
the neighborhood that you were hoping, but like start get
get in somewhere and build up equity instead of just
throwing that rent out the window. But it has to
be somewhere that you can afford, because if you end
up having to give that up, then you've just wasted
the money.
Speaker 3 (29:31):
It's just no different than renting.
Speaker 4 (29:34):
So you want to take those behaviors and really start
accumulating things.
Speaker 3 (29:39):
And again, I know, like with millennials and gen z
like everything.
Speaker 4 (29:42):
Digital, But think about the things that you're buying and like,
is there like.
Speaker 3 (29:47):
Am I buying the hard copy book or am I
buying the kindle? Like get yourself in the habit of
getting things and owning things and realizing the value of
owning tangible things, and then there are no behavioral changes
that you know you can make. One of the things
that again Jesse Kelly talks about, is you know this
really kind of coming together in your community and living
(30:10):
with like minded people who will support each other and
have similar values and not do crazy things in terms
of the laws and getting involved. And again, there's a
litany of things.
Speaker 4 (30:22):
To push back against, so you're not personally going to
be able to push back against all of them yourself,
but maybe you can divide and conquer and somebody's in
charge of the education piece and not making making sure
that you.
Speaker 3 (30:35):
Have ownership over your children.
Speaker 4 (30:38):
And again, I hate to use that phrase ownership over
another human being, but we all know that the schools
are trying to own that relationship. And if you've read
nineteen eighty four, you know that's exactly what they did
with the kids. The kids became spies and told told
on their parents. So you know, it's all these different
behavioral changes. Even on the tech front, like we've got
(30:58):
to really push for digital bill of rights because they
are becoming de facto governments and they are, as we
know from the Twitter files, working in concert with big
tech or excuse me, with government to limit your freedoms.
So pushings for us to have more rights and more ownership.
(31:18):
You know, if we're creating content, like we should own
that content. They should not be able to license that
to somebody else and not pay you like that's insanity.
And that's the agreement that you've signed with every social
media company that you've signed up for. So again, there's
there's a huge litany of learning of things, both behavioral
(31:39):
and financial, but it is possible. We can't stop the
new financial world order from happening, right, but we can
do things on a personal basis to make sure that
we and the people around us are in the best
position possible.
Speaker 2 (31:53):
Carol, before we go, is Nancy Pelosi a lizard person?
Speaker 4 (31:58):
Through I did extensive research in my book, and while
she is not a lizard person, to my knowledge, I
don't have anything that's said that she is a really
good Her and her husband they're really good investors, and
they actually have made a ton of money based on
the fact that they make decisions and then they get
(32:19):
invested in the companies based on the decisions that they've made,
which for the rest of us would be called insider trading,
but for her is called capitalism, I guess. And there's
actually stock trackers, there's Unusual Wales, dot com and some
other places that actually track the trading of people in
Congress with the Pelosis being at the top of the list.
(32:41):
So maybe one way for you to own everything is
to just keep an eye on mister and missus Pelosi.
Speaker 2 (32:46):
Older leads do not follow. Jim Kramer on a CNBC followed.
Speaker 3 (32:55):
Isn't that funny? Who would have thought? Right?
Speaker 1 (32:58):
They're the best? You will own thing is out on
July eighteenth. It's already crushing it. You can get it
on pre order, already an Amazon bestseller. I'm so proud
of you and happy for you. Thanks so much for
taking the time and just happy for your success.
Speaker 4 (33:11):
Thank you, Thank you, and Lisa and everyone listening. Make
sure you go out and own everything.
Speaker 2 (33:16):
Yes, yes, yes, let's own everything.
Speaker 3 (33:18):
Well then you'll be happy.
Speaker 2 (33:20):
We'll own everything. Just to spite them so exactly. I
can't let them join them exactly. Take care, Carol, thank you,
thank you.
Speaker 1 (33:33):
That was Carol Roth. Always love having her on the show.
She's so smart but also just funny and enjoyable to
talk to. You so appreciate her making the time. Everyone
go out and get her book, You Will Own Nothing.
It's out on July eighteenth. I want to thank you
for listening to the show every Monday, and Thursday, but
you can listen throughout the week. Please leave us a
review on Apple Podcast, give us a rating. I want
(33:54):
to thank John Cassio and my producer for putting the
show together.
Speaker 2 (33:57):
Until next time,
The World Economic Forum says that by twenty thirty we
will own nothing and be happy. So how close have
they pushed us towards that goal? Carol Roth just wrote
a book on it called You Will Own Nothing. She's,
of course, a New York Times bestselling author. We've talked
to her about her last book, The War in Small Business.
She joins us to break it all down stay tuned
(00:21):
for Carol. Well, Carol, it's so good to have you on.
Speaker 2 (00:28):
You know, love your.
Speaker 1 (00:29):
Work, consider you a friend, so I'm looking forward to
having this conversation about your new book.
Speaker 3 (00:33):
I'm thrilled to be back with you, Lisa.
Speaker 4 (00:35):
We always have such a fun time when we chat,
and the subject matter is so important, So I'm thrilled
that you're giving your listeners an early sneak peek as
to what's ahead.
Speaker 2 (00:46):
And you're already crushing it.
Speaker 1 (00:47):
You're already an Amazon bestseller in the book is not
even out yet, so that's pretty awesome for.
Speaker 3 (00:52):
Three months ahead of time.
Speaker 4 (00:53):
It's pretty unprecedented that the topic is really resonating with
people as it should. Obviously, just thrilled with the response
and you know, the ability to be able to help people.
Speaker 1 (01:04):
Fight back well, I'm so happy for you, because that's
awesome to already be doing so well and it's not
even out. I love the title you will Own Nothing.
Of course, the title from the book comes from the
World Economic Forum, which says that by twenty thirty, we
will own nothing and be happy. They're nailing the own nothing,
but not not quite the be happy part.
Speaker 3 (01:24):
Yeah, it's crazy.
Speaker 4 (01:25):
When I first heard that this organization, the World Economic Forum,
which is littered with the elite of business leaders, political leaders,
very well connected people, we're somehow saying you will own
nothing and advocating basically for the end of private property.
I was like, there's no way that that's actually true.
(01:46):
That's got to be like somebody taking something out of context.
You know, there's just there's no way. So obviously I
did my own research, and you know, there it was.
You know, several years ago, there was an article on
their website, which by the way, has been scrubbed since,
but you can still find it with the wayback machine
that had their predictions, their tough predictions for twenty thirty,
(02:07):
with the number one being you will own nothing and
be happy.
Speaker 3 (02:10):
And then a couple of years.
Speaker 4 (02:11):
Later they did a video which I think is still
on their Twitter, but definitely you can find on YouTube
that recounted these predictions. And you have this very handsome
young man just smiling and you will own nothing and
be happy by twenty thirty, which is seven years from now.
And I'm like, that is a complete insanity. And so
(02:33):
it's always one of those things that stuck with me
in the back of my mind. And as I've been
talking to people and thinking about the wealth of issues,
from social credit or business social credit, which we know
is ESG, to the FED destroying the value of a dollar,
to all of the issues we've been facing financially based
(02:54):
on government decisions, whether it's you know, energy or stimulus
that led to it, whether it's big tech basically renting
everything to us as a service, and we actually, you know,
aren't getting anything, but they're getting wealthy, whether it's millennials
earning more than all of the the folks that have
come before them on an inflation adjusted basis. I mean,
(03:16):
they actually earn more than Baby boomers or Gen X
at the same time inflation adjusted, but they have no
housing and they have no wealth. We've got corporations competing
with people for housing. We have hedge funds and universities
endowments buying up land and water rights. You know, I'm
thinking about all of these things, and I'm going, what's
(03:38):
the through line here? Like there's something going on. And
I stepped out of my bed one day in April
of last year and I walked two paces and it
just hit me on the head. You will own nothing
like That's where this is all coming from. And in
my research, you know, I realized that we are on
this precipice of a new financial world order. This is
(03:59):
not something again that's conspiratorial. It happens on a regular basis.
We've only been the global center of the financial universe
for about eighty years. It was the British before us,
and the Dutch before them, and.
Speaker 3 (04:09):
That our run here is getting a little long in
the tooth.
Speaker 4 (04:13):
And it's clear that all of the people who are
well connected, whether it be the folks in our government,
the wef you know, big tech, whoever, they're all seeing
this and so they're trying to jockey to control every
resource they can as this.
Speaker 3 (04:29):
Global financial world order shifts.
Speaker 4 (04:32):
And in the process, if they own everything, what's left
for you nothing, So they have to sell it to
you that it's going to be a great thing. But
if you are a student of history, even in the least,
you know that every time people had no property rights,
it had no ownership. They were not only not wealthy,
(04:52):
they were not free. And they, certainly, I'm guessing, we're
not happy.
Speaker 1 (04:55):
That's why they want us to own nothing, right. I mean,
it puts them in control role and it leaves us,
you know, essentially defenseless and dependent.
Speaker 3 (05:04):
One hundred percent. That's exactly it.
Speaker 4 (05:06):
They only care about what's in it for them, which
is human nature, which is why we had this really
cool setup in the United States based on a constitutional
republic to try to thwart that from happening, which you know,
work for some bit of time and then has.
Speaker 3 (05:22):
Started to unravel.
Speaker 4 (05:23):
But yeah, the more that they can hold and control,
the better off it is for them. They get to
be special and you get to be non special. Kind
of sounds like essential and non essential. When did when
did we hear that in recent history? And yeah, it's
it's a it's a good thing for them, and they
kind of don't care about what it means for anybody else.
(05:45):
So certainly that's the trajectory, and it does make us
more dependent on them, as you alluded to, which gives
them the ability to exert more power and more control
and make sure that that balance of you know, them
having stuff and being special and us being the pleabs
you know, continues.
Speaker 1 (06:04):
On well, and it seems like COVID just really gave
them ample opportunity to sort of accelerate this goal of
us owning nothing one and just the government assuming more
power over us. And then you wrote about it, but
the crushing of small businesses and the centralization of everything.
Speaker 4 (06:20):
Yeah, I mean it was the greatest most historic wealth
transfer of all time. Greatest meaning the largest, not greatest
meaning a good thing that you know that it had
ever happened in history. Trillions and trillions of dollars that
were just you know, moved from Main Street America to
Wall Street. And obviously we're still paying the price quite literally,
(06:42):
when you have things like inflation, you know that the
the people who are in the working in the middle
class really bear the brunt of that. So it you know,
it's a question of whether it sort of gave them
cover to do that or if it was all intentional,
which I think you can make a good argument that
this was a piece of the overall you will own
(07:04):
nothing plan, but it also did other things. You know,
it did things like cement social credit. When you think
of a vaccination card, you know, that's an early form
factor of a social credit card. You could not participate
in parts of society in certain places if you did
not have a card that said, you know, I'm socially acceptable.
(07:27):
So there were a lot of things that kind of started.
They had people who were cheerleading and backing the government
and not pushing back, and so it really did signal
to the elite, Wow, this is probably going to be
easier than we thought. And when you think about new
(07:48):
efforts that they're putting out, things like the potential for
a central bank digital currency also known as a CBDC,
a way to marry that social credit and gain control
over your money, you know, this kind of gave them
the confidence.
Speaker 3 (08:02):
That, hey, we can do this.
Speaker 4 (08:04):
Because I mean, I don't know about you, Lisa, but
when I was in February of twenty twenty, in March
of twenty twenty and seeing this COVID stuff going on going,
could they really get people to like close their businesses
and stay home at scale, like I don't think that's
going to happen.
Speaker 3 (08:20):
And of course that's exactly what happened.
Speaker 4 (08:23):
So now that we've been through that period, things that
you know, five or ten years ago we would have said, yeah,
it's probably not going to happen, or would take a
really long time.
Speaker 3 (08:31):
I think we need to look at through a totally
different lens.
Speaker 1 (08:35):
Well. I think what scared me the most about COVID
is just how easily people are manipulated. You look at
things that have happened throughout history and you're like, oh,
how would people go along with you know, terrible things.
Speaker 2 (08:45):
And during COVID we really saw like, wow, you know
you have like.
Speaker 1 (08:48):
Friends, you know, people kind of turning their backs on
you for making decisions in opposition to the ones they
were making, and you kind of paint a picture of Okay,
we could easily you could kind of see how these
things spiral and how easily people were actually willing to
give up control over their own lives and.
Speaker 4 (09:07):
People that you thought were in your circle. Our mutual
friend Jesse Kelly talks about this all the time. How
you know your aunt Peggy, who you know was all
in on the vaccine, is like the first person to
ratch you out if you weren't following along with the orders.
And so it does give us that perspective. You know,
I don't use comparisons to the Holocaust or Nazi Germany lightly,
(09:31):
but you know, when you just look at a time
frame and how quickly that particular society devolved and how
they got people, whether it was for self preservation or
to just be aligned with right thing, you know, we're
turning on each other and creating that catalyst. You can say, well,
seven years from now twenty thirty isn't a very long time,
(09:52):
but in the scope of what we've just been through,
were some of these other historical situations that turn very quickly,
It's actually a really long time. I COVID thing was
just three years ago, so you know, think about that's
you know, two plus, you know, the amount of time
from now then it was backwards to the start of COVID.
Speaker 1 (10:10):
It's also just scary seeing how quickly our society has
fallen in such short order. Uh, and out of the
leadership we currently have. You know, you talked about the
Central Bank digital currency. I know you've written it. You
wrote about this in the book as well, talk about
what it is and why people should be concerned about it.
Speaker 4 (10:27):
So the interesting thing about central bank digital currency is
that they are using the interest in cryptocurrency, which is
a pushback against centralization, to conflate what a digital currency
is to confuse people and I believe to ultimately introduce it.
Cryptocurrency was, and particularly something like bitcoin, was created because
(10:52):
people did not have faith as they shouldn't in central banks,
including the FED, to you know, basically stand up and
and take their fiduciary duty to manage the purchasing power
of the dollar. And we've seen it degrade over time,
and so you know, the argument is, obviously you want
to have the money less centralized and certainly not dependent
(11:14):
on one entity that's aligned with government in terms of
their goals. So since that there's so much interest in that,
one of the things that country is around the world,
and I think particularly the advanced countries have been doing
is thinking about how to bring about their own digital currency.
But they're not doing it obviously in the spirit of centralization.
Speaker 3 (11:34):
They're worried they're going to lose.
Speaker 4 (11:36):
Control over the money supply if people migrate to other
things bitcoin or whatnot, then you lose a huge tool
of your ability to control people, and they certainly don't
want it to see that happen.
Speaker 3 (11:50):
So they're basically saying.
Speaker 4 (11:51):
Oh, no, no, well we'll do we'll do a digital currency
and it'll be safer. But it's entirely centralized. It's exactly
it stands that, you know, it's a polar opposite of
what a decentralized cryptocurrency like a bitcoin is meant to
stand for, and so what a central bank digital currency
could do.
Speaker 3 (12:12):
And they have multiple levels which I won't get into
all of the wonkiness.
Speaker 4 (12:15):
Here, but there's a level that they can use it
to communicate within the banking system amongst financial partners.
Speaker 3 (12:24):
But then there's what's called.
Speaker 4 (12:25):
The retail facing CBDC, and that's you and I using
that and using their digital dollar instead of the physical
dollar in our wallet or a proxy for a physical
dollar such as our credit cards or debit cards. So
just imagine that you have a dollar in your wallet,
right and that dollar has a microchip in it and
(12:46):
there is a code, and they know exactly what that
dollar is and who has been given to and they
know that you're holding it.
Speaker 3 (12:53):
And you take that dollar to the.
Speaker 4 (12:55):
Store and you try to give it to the store
clerk and they say, I'm sorry, we saw what you
posted on Facebook, Lisa. We don't like it, so we're
going to put you in a timeout for a while,
or Carol, you know, we know, let you like your burgers,
but you've had three this month already. They're bad for
the climates alone.
Speaker 3 (13:14):
They're bad for the climates.
Speaker 4 (13:16):
Yeah, so please stop eating burgers.
Speaker 3 (13:20):
Moo moo. Whatever. So that's the kind of control that
they can have.
Speaker 4 (13:26):
And as you can see, it really marries social credit
and that social agenda and what it is they're pushing
with the control over the money supply. They would have
the mechanism to track everything you do. I mean, yes,
they can generally look at you know, credit card statements.
I guess if they were to like subpoena them or something,
or maybe maybe there's a way for them to do that.
(13:48):
But like they can't track every little thing that you
do and everybody you tip out and whatnot. This would
literally let them track every move you make and potentially
give them the power to shut that off. And you say, oh,
they can't do that, it's not constitutional. Well, have you
lived through the last three years? And so my concern
(14:09):
is that even if people don't want to accept this,
that they're going to again trick the financially illiterate population.
Speaker 3 (14:18):
Into making this happen.
Speaker 4 (14:19):
So if you think about the stimulus that came out
under Biden, we all said, you know, this is the
American rescue plan. Don't take stimulus because you'll get like
a thousand bucks or whatever it was. But you're gonna
have massive inflation and it's going to cost you thousands
of dollars. And everyone's like, I want my Biden bucks,
give me my thousand dollars whatever, And then what happened.
(14:43):
You're now paying thousands and thousands and thousands more dollars
every single year because of inflation.
Speaker 3 (14:48):
It's the same thing here. They may say, Lisa, I've
got a deal for you.
Speaker 4 (14:53):
I'm going to trade you your one actual dollar.
Speaker 3 (14:56):
I'm going to give you four digital dollars.
Speaker 4 (14:59):
And you might go, that's amazing, I'm going to do that,
but you know what, each one of those are going
to be worth a quarter of what the actual dollar
is worth, because you dollars are a proxy for productivity,
and you can't just make them out about of nowhere
and then assume that everything's going to have the same value.
There's a math equation here, there's logic and reason and
(15:21):
it all goes together, which is why when they've been
printing this money out of nowhere. First it inflated assets,
which the elites love because that helped them out and
didn't help the average American out, and then ultimately ended
up crushing the Americans when it hit the spending piece
of the equation. So that's what we're fighting against. It
(15:43):
is the number one affront on personal freedoms and wealth
creation opportunities. It will affect your ability to earn, It
will affect your ability to spend to get services, think
about things like medical services. I'm sorry, Lisa, you know
you can't do this if you don't get the JEB
and we can't turn on your dollars. I mean, just
(16:04):
the amount of control is staggering. Not only that, it
just from a systemic standpoint, it's extremely risky because when
you have a decentralized financial system, if there's a cyber attack,
because this is all digital, right, there's a cyber attack
on one or two institutions like it could be a
big headache if it's a big institution, But it doesn't
(16:26):
bring down the whole system, because there are other places
that haven't been attacked. If everything is controlled by the Fed,
by the Central Bank, there is just one point of redundancy.
And if a hacker were to bring that down, which
they would have every incentive to do, that means the
entire US economy just comes to a grinding halt. It
(16:48):
could be too big to fail on a level that's
like ten times has been.
Speaker 1 (16:52):
Take a quick commercial break more with Carol Roth. So
I think it worries me. Well, I know, Governor Santis
has said that we're going to reject central bank digital
currency here in Florida, and you know, he's warning people
about it and once to take steps to try to,
you know, keep it out of here. But I used
to hear people say things and I'm like, oh, no,
(17:14):
it's a conspiracy theory. Now, like you could tell me
that after COVID, you could tell me that, oh, like
Nancy Pelosi is a lizard person, I'd be like, maybe, you.
Speaker 2 (17:21):
Know, because like, but I'm like.
Speaker 3 (17:28):
It's possible, right, she does.
Speaker 2 (17:31):
Kind of have certain time.
Speaker 1 (17:33):
But you had talked about, you know, the digital currency
and the government's ability to track us. I mean, it
really does seem like that's the push on everything, right,
because even during COVID with the vaccine passports, you look
at China the way that they use them literally not
allowing people to leave their homes, right, disallowing them to
leave their homes depending on and also falsely saying people
had COVID when they didn't to keep them in their homes.
(17:55):
But but even beyond that, you know, you just mentioned
that the tracking with the Central Bank digital, but even
on electric vehicles as well, because if you look at
what the Chinese government does, they actually track their citizens
through electric vehicles. And so one of my concerns for that,
especially as we see Joe Biden, you know, essentially make it,
you know, trying doing his best to make it impossible
(18:15):
to own gas powered cars for stoves apparently, yeah, yeah,
exactly through you know, his restrictions and rules out of
different agencies.
Speaker 2 (18:24):
I mean, is that the play here with electric vehicles?
Speaker 1 (18:26):
Is it because they're easier to track or why do
you think they so desperately want and forcibly are trying
to push us in that direction.
Speaker 4 (18:34):
I do think that it's related to the new financial
world order and trying to jockey for position to control resources.
So one thing is obviously there are certain countries around
the world that are very heavily dependent on oil. You know,
think about the big oil producing nations, and even though
(18:55):
the US has the capability to be the biggest producer
of oil, you know, it may be, hey, well if
we do this other thing, then you know, we can
kind of cut into their profits. And oh, by the way,
think about which states benefit in the United States from
oil and gas in terms of, you know, their own
(19:16):
revenue creation. It's not a lot of the Blue states, right,
It's a lot of the red states.
Speaker 3 (19:21):
So here's a new scheme, a new way, you know,
through this climate cult this this.
Speaker 4 (19:27):
Such dangerous emergence, so dangerous, Lisa, that they're going to
drive their private jets and build mansions on the waterfront
because they're so afraid. But I do think that it's
about it. It's a monetary push behind it. I mean,
the amount of money that they can make from investing
in these things and giving out favors, and the whole
(19:49):
consultant and professional class that has grown up around it.
I do think it is completely based on power and greed.
And then I think the fact that that's a trackable
thing is fantastic, but they have so many technologies and
so many things they're doing that could track us that
I think that you know, whether or not you buy
(20:10):
an electric vehicle, they could create the rules and regulations
to still be able to track you. The concerning part
is I think they're actually trying to get rid of vehicles.
Like I don't even think it's about electrical vehicles. I
think it's you know, they're coming up with these fifteen
minute cities and you know maybe these these you know,
autonomous fleets and things, and.
Speaker 3 (20:32):
Oh you don't really again, you don't need to own
your car. You'd be so much happier.
Speaker 4 (20:35):
Think about how much time it just sits idle in
your driveway. We'll just leave to the side that it's
you know, you know, it enables you to have freedom.
That's okay, but think you don't have to make that
payment and then you know, we can just help you
out and then you need to go to you know,
your your big meeting and get in your hail your
autonomous vehicle, and they say, I'm sorry, Carol, you sense
(21:00):
something bad on Twitter, so you're not going to.
Speaker 3 (21:03):
Be able to leave your house today.
Speaker 2 (21:06):
I would I would be guilty.
Speaker 3 (21:08):
We would never well leave let out, which by the way,
was actually my dream. But as long as it's of.
Speaker 1 (21:16):
My own volition, okay, yeah, exactly exactly, I'll be a
recluse on my own house.
Speaker 3 (21:21):
Exactly right. It's okay to be it.
Speaker 4 (21:23):
As long as you're the one, you have the agency
to make that decision.
Speaker 1 (21:27):
Yeah, let me be an introvert on my own you know,
don't not by not forced. Yeah.
Speaker 2 (21:32):
So obviously you did a.
Speaker 1 (21:33):
Ton of research on this book. What kind of like
scared the hell out of you the most.
Speaker 4 (21:38):
I mean, the whole thing when you put it all together,
is frightening. And I have more than six hundred sources
in the book, and a lot of them are like
mainstream media sources. So CBDC I think is the biggest
affront to our wealth and our freedoms because it is
just so irreversible once it starts. There's some other things that,
(22:00):
you know, maybe have a little maneuverability, but you go
back to the you know, is this a conspiracy theory? Well,
the New York Fed did a pilot with major financial companies,
about a dozen of them. I think it was sometime
last year. Maybe my months are all messed up. So
I think it was maybe like somewhere between July and
(22:21):
November of last year, the G seven countries came out
with joint principles.
Speaker 3 (22:27):
For retail facing CBDCs.
Speaker 4 (22:30):
We just saw video go viral about this, you know,
last week with Christine Legard of the IMF talking about
you know, this digital euro and the control that that's
going to happen. She thought she was talking to Zelenski
on the phone and she was talking to somebody else
and she kind of let this stuff all out in
the open. So again, these are things where they're doing
(22:50):
things and it's out in the public.
Speaker 3 (22:52):
So like, why would you have principles for retail facing.
Speaker 4 (22:56):
CBDC if you're like, oh, it's not anything we would
ever con So, you know, it's everything that I've researched.
Speaker 3 (23:04):
These are not just like possibilities.
Speaker 4 (23:06):
There are things that are actually happening, and you know
kind of across the table, you know, corporations competing with
individuals for their.
Speaker 3 (23:17):
Homes and ESG.
Speaker 4 (23:19):
I mean, all of these things, there's there's so much
of a push and there's so much real data behind it,
and I think that's probably the most important thing that
I've done in this book is I think people know
me as somebody with a lot of credibility and a
lot of common sense. You know, I have a very
good pedigree and you know, a good track record of
(23:41):
being pretty common sensible.
Speaker 3 (23:42):
Goal I source things.
Speaker 4 (23:44):
You know, it makes it makes it makes sense. The
problem is a lot of the people who've been talking
about this stuff are nuts and so you know, so
even though the nutty people can talk about things that
are true, the credibility factor isn't high. So I think
this is and this is This was a hard thing
when I was trying to find people to endorse my book.
(24:05):
And I got great people. I've got Glenn Back, I've
got Dana Lash, I've got Michael Schellenberger or Charles Payne.
Speaker 3 (24:11):
But it was hard. There were a lot of people that,
like my publisher and I were like, yeah, we.
Speaker 4 (24:14):
Just this person's kind of off the rails when you know,
they talk about these things, so we you know, even
though we like them as people and they say other
good things, like we just kind of can include them.
So that's I think the legitimacy here of like let's
just take this from a pure data and common sense standpoint,
and then we're going to empower you with the knowledge
(24:36):
so that you understand it and you can tell other
people about it in a way where it doesn't sound
you know that bleep crazy. And then also a plan
to fight back because you know it's one thing to
make everybody aware of this and then they go, well,
what can I do?
Speaker 3 (24:52):
Like, you need to have a way.
Speaker 4 (24:54):
To be able to make sure that you own everything
and do everything you can from a behavior real standpoint
and a financial standpoint to preserve the American dream. Because
one of the things I learned, and as you mentioned,
I'm a recovering investment banker, I've spent my career trying
to help people make money and preserve the American dream
(25:15):
that I am living proof of.
Speaker 3 (25:17):
The American dream is what it's owning.
Speaker 4 (25:20):
It's owning a house, right, That's what the American is
coming here and having that ownership, because ownership is what
creates wealth. You have tangible assets or some cases in
tangible assets, and they increase in value over time, and
that's different from just earning the things that when you
have an asset, it can grow exponentially. So if you
(25:41):
work and you earn that's what you get, but then
you have to put your money to work for you
and that's what creates that wealth and that comfort and
that dream. And you know, if you have a family,
that legacy for your family, and we have to preserve that.
That's so unique, you know.
Speaker 2 (25:55):
It used to be in how do we do that?
Because we scared the hell out of people now.
Speaker 3 (25:59):
So.
Speaker 2 (26:03):
Give us some hope here, you know, what what what what?
Speaker 1 (26:05):
You know? You know you're talking about owning things, but
you know, tell us what are like some easier steps
that people could take, regardless of age.
Speaker 2 (26:13):
I know you mentioned millennials my age bracket.
Speaker 1 (26:15):
We're kind of screwed comparedor or you know, our parents,
but you know, even our parents are trying to retire.
What can we all do to to try to combat
all this nonsense?
Speaker 4 (26:26):
So it obviously depends on your financial situation. But if
you are a millennial, you're probably carrying some outside insane
amount of debt based on where you went to college,
assuming you went to college. Because obviously the government and
the universities have been in who is to extract wealth?
I mean, just think about how evil this is. They've
(26:47):
enriched the universities at the expense of young people, and
they have not only not given you degrees that allow
you to go out and you know, get a return
on that investment that you made, but they have delayed
your ability to create wealth and in some cases just
completely obliterated it. So you know, you're not gonna like
(27:09):
to hear this, but we got to get real here.
Speaker 3 (27:12):
So you're going to do what I did, and you
can go into complete austerity.
Speaker 4 (27:16):
You know, when I graduated from college a long time
before you did, I had forty thousand dollars in college debt.
But I knew that based on the jobs that I
got because remember I'm a recovering investment banker, so I
had a really nice career that if I took undertook
extreme austerity, that I would be able to get that
(27:38):
paid off.
Speaker 3 (27:38):
And I paid it off in a year and a half.
And the way I did it.
Speaker 4 (27:41):
Is I lived in like a hole in the wall
and next to me was a cardboard box with a
sheet over it is my bedside table, and so on
and so forth. So go into like an extreme austerity measure,
get that debt paid off, because even if it's you know,
tens of thousands of like I guarantee you if you
(28:02):
gave me what you spend your money on, I can
find a way for you to do it again.
Speaker 3 (28:06):
You're not going to like it. But here's the thing.
Speaker 4 (28:08):
Do you want to spend two or three years not,
you know, not worrying about it and then not having
to worry about money for the rest of your life,
or do you want to just worry about money for
the rest of your life. So if you do that,
then all of a sudden, Okay, now I don't have
this debt that's draining me to worry about anymore. Then
I'm going to take that money. I'm going to revamp
(28:30):
my spending. So maybe you know, I want to enjoy
my life, but it's not going to be so extravagant.
And I'm going to continue to invest, and I'm going
to invest in things that are hard assets where I
can things in a form factor, I can control things
that have the ability to grow. If you work for
a company that has a four to one k like,
you are going to want to take the match if
(28:51):
they offer one, because that means every dollar you put
in they are matching it. So on a net net
basis text deferred, right, It's like fifty of the buy
in for you, you're getting your data, you're getting double
the money. So things like that, taking like a small
amount maybe five percent, and investing in physical prescious metals,
(29:11):
going in and finding a way to buy a house.
And again it may not be in the city or
the neighborhood that you were hoping, but like start get
get in somewhere and build up equity instead of just
throwing that rent out the window. But it has to
be somewhere that you can afford, because if you end
up having to give that up, then you've just wasted
the money.
Speaker 3 (29:31):
It's just no different than renting.
Speaker 4 (29:34):
So you want to take those behaviors and really start
accumulating things.
Speaker 3 (29:39):
And again, I know, like with millennials and gen z
like everything.
Speaker 4 (29:42):
Digital, But think about the things that you're buying and like,
is there like.
Speaker 3 (29:47):
Am I buying the hard copy book or am I
buying the kindle? Like get yourself in the habit of
getting things and owning things and realizing the value of
owning tangible things, and then there are no behavioral changes
that you know you can make. One of the things
that again Jesse Kelly talks about, is you know this
really kind of coming together in your community and living
(30:10):
with like minded people who will support each other and
have similar values and not do crazy things in terms
of the laws and getting involved. And again, there's a
litany of things.
Speaker 4 (30:22):
To push back against, so you're not personally going to
be able to push back against all of them yourself,
but maybe you can divide and conquer and somebody's in
charge of the education piece and not making making sure
that you.
Speaker 3 (30:35):
Have ownership over your children.
Speaker 4 (30:38):
And again, I hate to use that phrase ownership over
another human being, but we all know that the schools
are trying to own that relationship. And if you've read
nineteen eighty four, you know that's exactly what they did
with the kids. The kids became spies and told told
on their parents. So you know, it's all these different
behavioral changes. Even on the tech front, like we've got
(30:58):
to really push for digital bill of rights because they
are becoming de facto governments and they are, as we
know from the Twitter files, working in concert with big
tech or excuse me, with government to limit your freedoms.
So pushings for us to have more rights and more ownership.
(31:18):
You know, if we're creating content, like we should own
that content. They should not be able to license that
to somebody else and not pay you like that's insanity.
And that's the agreement that you've signed with every social
media company that you've signed up for. So again, there's
there's a huge litany of learning of things, both behavioral
(31:39):
and financial, but it is possible. We can't stop the
new financial world order from happening, right, but we can
do things on a personal basis to make sure that
we and the people around us are in the best
position possible.
Speaker 2 (31:53):
Carol, before we go, is Nancy Pelosi a lizard person?
Speaker 4 (31:58):
Through I did extensive research in my book, and while
she is not a lizard person, to my knowledge, I
don't have anything that's said that she is a really
good Her and her husband they're really good investors, and
they actually have made a ton of money based on
the fact that they make decisions and then they get
(32:19):
invested in the companies based on the decisions that they've made,
which for the rest of us would be called insider trading,
but for her is called capitalism, I guess. And there's
actually stock trackers, there's Unusual Wales, dot com and some
other places that actually track the trading of people in
Congress with the Pelosis being at the top of the list.
(32:41):
So maybe one way for you to own everything is
to just keep an eye on mister and missus Pelosi.
Speaker 2 (32:46):
Older leads do not follow. Jim Kramer on a CNBC followed.
Speaker 3 (32:55):
Isn't that funny? Who would have thought? Right?
Speaker 1 (32:58):
They're the best? You will own thing is out on
July eighteenth. It's already crushing it. You can get it
on pre order, already an Amazon bestseller. I'm so proud
of you and happy for you. Thanks so much for
taking the time and just happy for your success.
Speaker 4 (33:11):
Thank you, Thank you, and Lisa and everyone listening. Make
sure you go out and own everything.
Speaker 2 (33:16):
Yes, yes, yes, let's own everything.
Speaker 3 (33:18):
Well then you'll be happy.
Speaker 2 (33:20):
We'll own everything. Just to spite them so exactly. I
can't let them join them exactly. Take care, Carol, thank you,
thank you.
Speaker 1 (33:33):
That was Carol Roth. Always love having her on the show.
She's so smart but also just funny and enjoyable to
talk to. You so appreciate her making the time. Everyone
go out and get her book, You Will Own Nothing.
It's out on July eighteenth. I want to thank you
for listening to the show every Monday, and Thursday, but
you can listen throughout the week. Please leave us a
review on Apple Podcast, give us a rating. I want
(33:54):
to thank John Cassio and my producer for putting the
show together.
Speaker 2 (33:57):
Until next time,
Host
Lisa Boothe
Popular Podcasts
Stuff You Should Know
If you've ever wanted to know about champagne, satanism, the Stonewall Uprising, chaos theory, LSD, El Nino, true crime and Rosa Parks, then look no further. Josh and Chuck have you covered.
24/7 News: The Latest
The latest news in 4 minutes updated every hour, every day.
Crime Junkie
Does hearing about a true crime case always leave you scouring the internet for the truth behind the story? Dive into your next mystery with Crime Junkie. Every Monday, join your host Ashley Flowers as she unravels all the details of infamous and underreported true crime cases with her best friend Brit Prawat. From cold cases to missing persons and heroes in our community who seek justice, Crime Junkie is your destination for theories and stories you won’t hear anywhere else. Whether you're a seasoned true crime enthusiast or new to the genre, you'll find yourself on the edge of your seat awaiting a new episode every Monday. If you can never get enough true crime... Congratulations, you’ve found your people. Follow to join a community of Crime Junkies! Crime Junkie is presented by audiochuck Media Company.