In this video, we break down why the U.S. losing its credit rating isn’t just symbolic, it’s a warning. A warning that the system is breaking from the inside. We cover: — Why Moody’s downgrade is a red flag for global investors — How the bond market silently drives every crash — Why savers are getting destroyed and the rich are flying in to study — What gold, real estate, and “good debt” can do in this environment — And how you can prepare before the real pain starts If you’re still trusting the 60/40 portfolio, holding cash, or relying on a 401(k)… you need to see this. Learn how the wealthy are preparing (and how you can too). Hear real solutions from people who actually build wealth in times of crisis.

Watch until the end for details on Limitless Expo — the event that brings 2,000+ investors, entrepreneurs, and operators together to navigate what’s next.

And George hat made a prediction yesterday that he thought unemployment was going to go to 10%. People just laying people off left and right. If you read any of my books, I always say silliest things. People, you go to school, get a job, you save money, you pay taxes, stay out of debt, and learn nothing. Invest in the stock market.
And uh what they don’t pay attention to is not the stock market, but the bond market. And right now, Moody’s, most people don’t know what Moody’s is. Moon is a credit rating agency that downgraded the US debt from AAA to double. So the richest nation in the world is going broke called America. And when the credit agency says your debt’s no good, that means your bonds are no good.
And uh question is what does that mean? For me, it’s already starting because the people outside of the US that are holding US treasuries or US money, there’s more money outside of the US than there is inside. They’re they’re all looking at our dollar and now that’s downgraded even more. That’s why we’re seeing a flight to other kinds of hard assets.
And we’ve been saying this for years and years and years and years and years. And still these mental midgets out there save dollars. And you’re saving dollars while the Federal Reserve Bank and the Treasury are printing dollars. And there’s two things that happens when you print money. Number one, the rich get richer because all this fake money enters the system and pushes up asset prices like real estate and gold, silver, oil.
And number two, what happens is the poor and middle class get poor because what else gets more expensive is inflation of chicken, eggs, and milk. McDonald’s is having trouble. The French fry factory went out of business, but they uh the people can’t even afford McDonald’s today. And yet our schools teach us nothing about money.
Well, it’s important because what we’re starting to see is uh there’s disruption obviously with the new president tariffs with inflation and being out of the country when it looks at the US they look at US very differently. So for example when I was in Italy $100 only bought like $83. A year ago that was 96. So if you’re holding US dollars you’re actually falling backwards.
If you’re a saver of dollars or yen or pesos or euro, you’re losing because it’s fake money. One more thing, question is how does it affect me? So people can’t afford to eat who are they having a harder time just getting fired, but they also can’t afford a house. And my generation, the boomer generation is when there’s inflation, their retirement disappears.
So the boomer generation is going to get wiped out financially because all that stupid money in 401ks like stocks, bonds, mutual funds, and ETFs, you’re going to get inflated out of the market. It’s going to just eat it alive. The boomers are in serious trouble. But they’re all playing golf now while Kenny’s flying in from Europe and I’m flying in from Africa. So we can study.
We’re not teaching. We come to study, right? Yeah, we come to study. But I think the worst thing that you can do is hold on to a savings account because whatever you had buys less today, a lot less. And so you have that happening as prices continue to rise. So that’s why for years, you know, uh since 1965, I’ve been saving silver because in 1965 when you look at a US silver half dollar, it was copper.
So that’s called Gresham’s law. Gresham’s law states when bad money enters the system, good money goes into hiding. So 1965 I was just 18 years old. I didn’t know anything. I look at this coin. I said why is it copper? It’s supposed to be silver. And when you study history they’ve done it through the Chinese tried it.
The Romans tried it. They clipped they clip money and all this. The Germans tried it. And now America is trying it. So let me say it again. My generation guys are screwed. If you’re saving, you’re holding on to savings. You’re in serious serious trouble because you won’t be able to eat. That’s the problem. Well, we are and we study constantly. Yeah.
This book here we’re both reading while we’re on vacation. Yeah. By Lance Leard. The big print is the national debt is so so high that eventually they’re just going to start to print uncontrollably. And when you print uncontrollably, the dollar goes down in value, chickens go up in price, eggs go up in price, you know, everything goes up.
And inflation, I said, makes guys like us richer. But the poor middle class, the uneducational debt is 36 trillion, going up by two trillion every year. We can’t pay it off. The interest payments on our debt is greater than the um tax revenue we we pull in. So that’s like you, Mr. mom and pop and your credit card debts going up and then you’re trying to pay it off with another credit card.
That’s what America’s trying to do. That’s how stupid our leaders are. And it’s just continuing to get worse. Hopefully you guys realize that if you bought real estate or gold even 5 years ago, 10 years ago, you’re actually in a much better position than you were if you were just holding cash. And so you don’t have to start.
You don’t have to go huge. You just got to start. Gold is near all-time highs, but appreciation isn’t the only way to benefit. Monetary Metals, you could potentially earn a yield on your gold paid in physical gold without selling it. Here’s how it works. When you lease your gold through their platform, pre-qualified companies pay to use it under strict guidelines, like renting out real estate, but with gold.
Instead of paying to store your metal, you may earn up to 4% annually in gold. You stay in control, and you can choose which leases to participate in. Monetary Metals handles the due diligence, lease terms, and all the administration. Thousands of investors use this approach to grow their gold, not just sit on it.
Visit monetary-medals.com/ken to learn more. Leasing gold involves risk, and returns are not guaranteed. This is not an offer to buy or sell securities. Please review all risk disclosures at monetary-metals.com. Visit monetary-medals.com/ken to learn more. And the greatest thing is is that you can get the money from everywhere else.
You don’t actually need money to start in this business. You just need a good deal. People invest in deals and then you use debt, which is really other people’s money. The money from the banks is actually your money. That’s where it comes from in the form of deposits. Then they lend it back out to people like us.
And that’s how the system works. It comes in through insurance policies, through pensions, through retirement plans, through savings or whatever it is through Main Street. And then Wall Street packages it up, charges fees, and then gives it to us to reinvest back into Main Street. That is the system. Schools teach us nothing about this.
And so the rich get richer. But schools don’t tell you the US dollar is debt. US dollar and most fiat currencies, fake currencies, became debt in 1971. people like friend Dave Ramsey see live debt free does it just mean good debt and bad debt and so Kenny what Kenny’s talking about we use good debt to buy assets like real estate but the average person is using bad debt like credit card debt to buy chicken eggs and milk and they’re they’re getting crushed right now so we use debt when other people pay it off that’s actually when you use debt so
most people use debt to go buy let’s say a new car or something like that they finance that or they use it for other things. We use it to buy assets, but only if somebody pays it off. So, like for example, we own a bunch of apartment houses and so we use debt to buy those apartment houses and then the tenants pay that debt off.
They pay it through the form of rent. So, it comes in in the form of revenue and then it pays the expenses, the operating expenses, utilities, insurance, and property taxes and all that stuff. But it also pays off the debt. So, the tenants actually pay the debt off that we borrow. So what happens is our principal balance on the debt goes down because the tenants pay it down and the inflation makes the property itself go up over time just like it has in your individual home.
If you’ve owned a home and you’ve owned it for 10 years or your parents home or whatever it is, that home is worth more today than it was 10 years ago. You know, we have millions of dollars in that kind of real estate. Our real estate has also jumped up just like it has in an individual home. The point here is this is that don’t just jump in and buy real estate.
You know, you’ve got to study. Again, let me repeat it because this is how much we study. Just flies in from Italy. I fly in from South Africa. We all study this book here. We’re studying constantly. And the average person right now is playing golf or watching Jeopardy on TV or something. But real estate is very sophisticated.
I mean, if you screw up there, you screw up for a long time. Like, if you borrow too much money and the real estate can’t pay it off, they call those things alligators and you buy a apartment house and let’s say you can’t fill it up, then your debt mean your asset eats you alive.
So, that’s why please study Kenny has great books on real estate. The reason you invest in real estate and you use debt is you don’t pay tax like President Trump doesn’t pay tax. So, understand this is financial education. It’s an interesting interesting time because the rich are getting richer and richer and richer. My concern of the people who are getting laid off right now, I think Microsoft is laid off 10,000 people.
Amazon’s laying off people. McDonald’s is shutting down cuz people can’t afford to eat. And what’s interesting is where we just came from, like I came from Europe, they’re complaining about the same thing we’re complaining about in the US. What’s happening there? Unemployment’s going up, inflation’s going up, energyy’s going up.
So, you know, this is not just something that’s happening in the United States. So, when we go somewhere else, anywhere that has a central bank like we have just prints, they print to pay for things, right? And that’s what’s happening. They print, they print to pay for social security or retirement plans or whatever it might be or Medicare or Medicaid.
That all is being printed to be able to pay out. That’s just more debt. That’s why the biggest print is still coming. And again, I’ll say this much. When you print money, there’s inflation because too much money enters the system. Kenny and I will get richer because we have hard assets, gold, silver, we have land, we have this and all this.
But the average person, chicken, eggs, and milk goes up too for them and they get wiped out. And my concern is my generation, the boomer generation, they don’t have enough money to survive inflation. Their 401ks aren’t going to hold. You know, stock market’s crashing like right now, which I predicted. But more dangerous than the stock market is the bond market.
The bond market is a thousand times bigger than the stock market. The bond market is crashing because as we just said, Moody’s just downgraded the US bonds. When they did that, they said America is a deadbeat nation. They can’t pay their bills. And our schools will tell you, oh, go to school, get a job, you know, save money, stay out of debt, and invest in the stock market.
Man, what is wrong with our school system? It’s horrifying. America’s bankrupt. That’s why Moody’s downgraded our debt. And still these financial planners, these mental midgetes out there say, you know, it’s called a 60/40. 60% stocks, 40% bonds, both are crashing, idiots. Oh, don’t worry. You’re safe. There’s no such thing as safe.
You know, it’s being smart, but it’s not safe. So that’s why for years, Kim McKenna knows I’ve been saving silver and gold. I just bought a new house. My gold was stored someplace else, you know, because you don’t want to keep it at your house and tell people you got gold at your house because people will come visit you. Come visit.
Yeah. You know, it was out of the country. Yeah. So, I only paid uh $300 an ounce for this gold and it’s gone up to $3,500 an ounce. It went up 10 times. So, I thought to myself, I said, I have so much of it I could never eat it all. You know what I mean? So, I just said, I’ll just cashed it in and I got lots more.
But, I just wrote a check for the house. I don’t have debt on the house, but I did it because it was a four, not a big house, but $4.5 million US. I figured it out. It only cost me $450,000 because the gold only cost me $450,000, but at 10 times went to $4.5 million. I write a check for it. I have a tax problem. Got to pay for the capital gains.
But that’s what happens when I save gold and silver and Bitcoin. We save things that go up in value when the dollar comes down. So the difference is gold is universal. It’s worldwide. It’s God’s money. So every country uses it and as opposed to US dollars where we can kind of manipulate it. So what’s happening when the dollar got weak here recently, it’s at a three-year low, people they gravitated to things outside of the US dollar.
So that’s kind of why right now we’re seeing a run on gold. So, ladies and gentlemen, as we’ve gone on long enough, the point is that Kenny and I study. The reason we’re rich is because we study. Yeah. And I’ve had, some of you may know, I’ve had some terrible problems inside my own company because people refuse to study. So, I just shut the company down.
Found out I didn’t need them. Too bad. But I study constantly. I don’t want to keep people collecting a paycheck and saying, “Oh, you owe me more money.” That’s not the same world. This is not your daddy’s world anymore. So, again, I can pay all this stuff off because I don’t save dollars. I use debt to acquire assets that produce money.
And we both believe, especially with these tariffs and everything that’s heading with the printing, that we’re going to see inflation. So, whatever it is you do, you just have to be an inflation adjusted assets. That doesn’t matter what it is. You just have to be in those things so that you’re moving faster than inflation’s moving.
It’s almost by definition, if there’s inflation, assets go up. Yeah. and liabilities also go up. But uh God know there’s between assets and liabilities. But if you’re in cash, you’re actually going the wrong way. As many of you know, we have this great conference called Limitless. This year it’s at the Gaylord Texan again on July 30th, August 1st, and August 2nd.
We have 50 speakers. And this book here, this is going to be one of the books because by that time we’ll both have read this book. We’ll be studying this book. We have great people like Jim Records. Oh man, Jim Records like I call him the fire hose. Yeah. I’ve never I’ve never met a guy who had so much knowledge coming out he doesn’t even take time to think. It just comes out.
He’s so smart. Yeah. Right. And he wrote a phenomenal book that I read gosh it’s been 1015 years ago called Currency Wars which is exactly what’s happening right now causing this. We’re paying other people in the US currency and they don’t want it. They’re trying to get out of US currency right now on July 31st, August 1st, and August 2nd.
Is there a problem for it? Yeah. Yeah. Yeah. We actually have a price increase at the end of each month. In July, you’ll be paying full boat. So, if you buy a ticket before July 1st, then you’re going to get some premium uh reductions in the pricing, but after July 1st, all bets are off. You’re paying full boat. 50 speakers, three stages, 2 and 1/2 days, all financial education.
We expect around 2,000 people. That’s what we’ve had for the last three years. And we are going to cover things like the new tax bill, which is huge. What are the things that you can do today to take advantage of these new tax bills that are coming out right now? We’re going to talk about manufacturing.
We’re going to bring in some real businesses that are actually struggling with these new Chinese tariffs, right? So, they can talk about it from the street and not from, you know, the tweets that we’re getting from the White House. And we’re going to talk about crypto. We’re going to talk about gold and silver.
where we’re going to talk about, of course, all the real estate stuff, but also just basic entrepreneurial things around inflation, the interest rates, and all the things about starting businesses. And and I’m telling you, like what we’re starting to see on Main Street right now, Robert, as you know, is people now today, they have to have two and three jobs just to stay alive. There’s a thing.
We were driving with Uber last night. The guy was falling asleep driving. He’d been driving for like 14 hours. He can’t make ends of meet. trying to keep his family alive. He’s just driving harder and it’s going to come kill us. But hey, wake up. Wake up. Wake up. You know. Yeah. And and what’s worse is, as you guys know, AI is a limiting job.
Whimo is in Phoenix right now. I can never get an Uber because Whimo has taken over. And I finally I got an Uber and I said, “Why aren’t you coming to this area anymore?” This Uber Uber driver. He goes, “We can’t make any money. our margins. Uh we can’t charge what what way’s charging. So those are automated vehicles with nobody in them.
What they hit this interesting 10 million miles in Phoenix alone in Whimo and now they’re going to spread throughout the world. So the drivers, the Uber drivers that used to be like a side hustle that’s all starting to go away as well. Main reason you come to these events is thousands of people come to stimulate your brain, meet more positive, proactive people who are looking for new answers.
You know, they’re not going back to college to get their master’s degree where you can learn nothing. But you come to these event, meet like-minded people, meet new friends, you get to talk to different people, get your brain stimulated. 50 instructors, that’s an unheard of. That’s a big event. And they’re not paid speakers.
These are actual people that are really doing their own businesses. If you send your kids back to school, you got the village idiot coming up. You know what I mean? That that cartoon I sent out with these two young girls. I said, “How far did you go at 70 m an hour?” Which by the way, if you could bring your kids under 18 for free, like that’s another thing that we’re doing.
It’s like, come bring your kids. They need to be in those same kinds of rooms with people that are actually moving the needle. People that are producing and not just consuming. How much does it cost? It’s about a,000 bucks for a general admission, but right now it’s discounted. So, if you just go to limitlessexpo.
com, you’ll see the current pricing and then the VIPs a little bit more. It’s two and a half days. The VIPs get all access. They get food. They get all access means that they can talk to all the speakers. All the speakers will be in the rooms. And of course, they’ll have preferred seating each and every day. Why do I go? They’re not paying me.
I go there to learn. Learning is fun. And a lot of people, well, my company say you’re forcing me to learn. I said, it’s not a bad idea. So I said, “Well, if you don’t want to learn, let’s just move on because we’re going to move on anyway.” The more you learn, the more you earn. That’s a fact. And I’m telling you, oh my gosh, we got some smart people in there.
George Gam, Mike Maloney, Daniel Samuelson, Robert, and Russ Gray, all on one panel with a room of about 50 people. It was awful. And it’s how I used AI to get rich in gold. Most people know I’m the village idiot when it comes to technology, but I didn’t use the AI. My team did. So, uh, the future is very, very bright, but not for people who are living in yesterday.
No, you’re falling backwards. You just don’t see it. So, if you can make it to Limitless, please do in Dallas. I love the Gaylord Hotel. Yeah, it’s great. Yeah, it’s perfectly set up for conferences. Yeah. And you get to meet great people, hang out, you get to talk to them and make new friends and learn from different and like Kenny says, all the instructors practice what they teach.
And if you think you’re confused, you’re not alone. I’m telling you, that is the truth. People come here for answers. It’s confusing right now. We’re all here, even this weekend, with varying opinions on what we think is going to happen in the next year or two. We all have different opinions. But when you can speak openly and debate on them, that’s when you learn and your your viewpoints change hopefully and you can fine-tune some strategies moving forward.
That is the point of limitless and you meet other people who are doing the same as you. Some some people meet new partners not sexually but uh financially business partners business partners but you come to meet people and that’s what it is for because the people who are not there in my opinion are falling behind. They’re still sending their kids back to get their master’s degree.
How stupid is that?