Robert Kiyosaki interview with Bert Dohmen June 22, 2013

Robert feels that Bert is one of the, if not the very best investment
newsletter that he reads. What Bert mentioned is that right now market
forces are not at work anymore. The market forces are being overridden by
the Central Bank. He mentioned that we are no longer in a free market.
Gold:
When discssing gold, he mentioned that Central Banks, in !articlar the
"ed, want to try to kee! the !rice of gold down. The Central Banks don#t
want gold to be seen as a better or alternative crrency while they are
crrently debasing their contry$s crrency. %f yo look at China, they#re
bying all the gold in sight. The way that the fed is kee!ing the !rice of
gold down is they#re selling gold. Bert also mentioned that the gold &T"
he woldn#t trst this. He said that he feels that at some !oint in time,
the government may try to confiscate the gold within the &T". Central
Banks will be doing everything to discorage yo from bying gold, sch as
confiscatory ta'es by raising the ta'es on gold$s gains. He also
mentioned that Central Banks are selling short gold throgh the o!tions
market. Bert also mentioned that the !rice of gold is being s!!ressed
throgh the ftres markets, and he mentioned that China, Rssia, the
(iddle &ast, they#re all bying gold. )s an e'am!le of the gold being
sold from the Central Bank, is that he said that other contries were
storing their gold with the *.+., and he said that Germany recently asked
for the gold from the *.+. and the *.+.#s res!onse is that they wold
eventally get it by ,-./. Right now, he mentioned that there is a ,/0
ta' on any gains in gold, and this is what he meant by the confiscatory
ta'. He likes silver coins. He said silver coins are mch more s!endable
and that dring the de!ression in Germany, it was easy to se silver coins
as a medim of e'change verss the dollars there, that had been devaled.
)nd regarding gold again, Bert mentioned that 12(organ has big short
!ositions against gold.
What he also mentioned is that e'cess of debt always cases deflation, and
they want !eo!le to borrow to inflate things. Robert mentioned that he
doesn#t mind debt, becase he feels that he can always be !aying it back
with chea!er dollars. What we see right now is we see inflation on those
things that we need, sch as food, energy. )nd we see deflation on things
we don#t need.
Real &state:
Bert mentioned that he felt that real estate was in a sweet s!ot right
now, that we#re seeing right now still low !rices since the credit crisis,
in ma3or indstriali4ed contries, here in the *.+., as well as seeing the
lowest interest rate in or history. He said with real estate, yo always
make money when yo by, and that a!!lies to all investments. 5nce again,
in terms of real estate investments, Bert mentioned that yo make the
money when yo by and yo by chea!. The best o!!ortnities are when the
market is down.
Bert mentioned that right now, all develo!ed contries, they#re after yor
income, throgh increasing ta'es. He also mentioned that he thoght
)ma4on was one of the best com!anies in the world.
He mentioned that the last for years, the growth in China was the key to
the recovery, bt he mentioned that, for the ftre, the stmbling block
is Commnism, which also leads to corr!tion. Robert mentioned that he is
a cash flow investor and Bert mentioned, when looking at China, yo shold
look at the electrical consm!tion which has been going down. The
government sector is growing, bt the !rivate sector is not growing.
Bert mentioned that the *.+. will be the safe haven for a while.

Bert said that the market rises when it is fll of li6idity and credit.
What he means by li6idity is the stimls, sch as the 6antitative
easing which is affecting the (., (, and the monetary base measres. %n
other words, when the money s!!ly is growing faster than the economy yo
have e'cess money. )nd what#s ha!!ening with that e'cess money is that
e'cess money is going into s!eclation. When he was discssing credit,
what Bert ses to mention credit is the commercial and indstrial loans
re!ort, which is available at the +t. 7ois "ed website and this re!ort
shows a commercial indstrial loans are growing.

When discssing 1a!an, he mentioned becase 1a!an is basically doing the
same thing e'ce!t mch larger than the fed, this may be the straw that
breaks the camel#s back. That 1a!an wants ,0 inflation, bt if they do
create ,0 inflation, what that wold do is that wold drive ! interest
rates and that will be very difficlt for them to re!ay the interest on
their debt. What Bert says is that with the last crash, yo shold always
look at the credit markets for cles.

What Bert mentioned is that right now we see s!er market inflation and we
are crrently in an deflationary environment where debt is inflating or
defalting. )nd what the central banks are trying to do is they#re trying
to create money as fast as the debt is defalting. %n ,--/ we saw a credit
crisis of individal com!anies. What he mentioned is what !ossibly might
ha!!en with the ne't crisis is governments and contries will have some
ty!e of credit crisis. He said an e'am!le of the state government
bankr!tcy in Rhode %sland is that by them declaring bankr!tcy they were
able to decrease the average !ensions there from 8,9,--- to 8.,,---.
He said what we#re looking at right now is a trading environment where the
ability to sell short is how yo can make money. )nd the other thing for
certain is the devalation of or crrency where gold and silver become
very good investments.
Richard :ncan mentioned that the *+, which is a consmer contry, or
im!orts allow )sia to grow, and or credit growth in the *+ is also what
allowed s to actally grow also. He said ty!ically yor economy grows as
the wages grows, the workforce grow nmbers grow, or credit grows, and we
don#t have any of those things right now. He feels that it#s
globali4ation, is the reason why we don#t see inflation from the
6antitative reason becase globali4ation !ts !ressre on the wages. )nd
right now, if yo want to look at the !ro!erty market, yo want to follow
the "ed.
5ctober ,-.; %nterview with Bert :ohmen:
Bert mentioned that yo shold always look at consmer s!ending to get an
idea of how the economy and eventally the market is doing. Consmer
s!ending !eaked in (ay of ,-.,. He said normally the market follows this,
that yo shold look at not 3st the total sales figres, bt yo shold
look at inflation ad3sted nmbers or look at nit sales, not total sales.
He said that the "ederal Reserve is not !lanning to redce stimls for a
long time, in fact nder 1anet <ellen they may increase the stimls. He
said right now all the nmbers for growth are !hony coming ot of China.
They also mentioned that most of the volme on the stock market is
actally high fre6ency trading, that we are actally in a recession right
now withot 6antitative easing. He said that ne't year that the weak
economy will !robably make bonds look good as an alternative and that what
everybody thinks abot rising interest rates, the o!!osite may ha!!en as
the Bank of Canada has already stated that they will not raise rates as
well as the "ederal Reserve.
Bert also mentioned in ,- or ;- years we cold see :ow ,-,---, however not
in the immediate ftre. Bert stdies ! to ., to .= hors a day. He
said most %)s stdy > mintes a week. 7ook for someone who did well in
,--/. He said some of the crrent rise in the stock market is window
dressing going into year end for mtal and hedge fnds.