They Spent $37 Billion on Nothing.

THE HOMELESS INDUSTRIAL COMPLEX

Let me give you the number that should end careers, investigations that should fill courtrooms, and results that should shame every politician who endorsed this disaster.

California spent $37 billion on homelessness since 2019. Billion with a B. According to California's own nonpartisan Legislative Analyst's Office, that works out to nearly $200,000 for every single homeless person in the state. And today, there are more homeless people than when they started.

Los Angeles alone budgets over $1 billion per year. In fiscal year 2025, the city left $473 million unspent. It just sat there. Money that never reached a single person on the street, laundered through bureaucracies and nonprofits with zero accountability.

The federal government caught on. The Department of Health and Human Services found $1.4 billion in suspected fraudulent payments made by roughly 800 so-called hospice organizations in Los Angeles alone. Eight hundred outfits taking federal money. One and a half billion dollars. Gone.

HUD Secretary Scott Turner just put them all on notice. He called it exactly what it is: "The housing first experiment failed Americans by warehousing the vulnerable without results." He is right. The system was never designed to solve homelessness. It was designed to perpetuate itself.

My poor dad believed in the system. He believed that if you paid your taxes, followed the rules, and trusted the government, it would take care of things. He spent his whole life waiting. The system never showed up.

My rich dad said something different. He said: "Robert, they don't measure results. They measure spending. The bigger the budget, the bigger the salary, the bigger the power base." That was 50 years ago. Nothing has changed except the zeros.

Now here is where this connects to your money directly. Because $37 billion did not fall from the sky. It came from tax revenue and federal transfers. And the federal transfers? The Fed just expanded its balance sheet by $11.4 billion in a single week while the Philadelphia Fed revised its inflation forecast to +6 percent annualized for Q2 2026.

They are printing money to fund failure. And that printed money is hitting you at the grocery store, at the gas pump, in your savings account. The mechanism that destroys your purchasing power is the same one that funds the $200,000-per-person program that helped nobody.

But there is a way out of this trap. And it is not complicated. I have been pointing at it for 30 years, and every time the government proves my point, more people finally listen.

But first, our friend Jeff Brown from Brownstone Research has been tracking something big. Take a look:

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Now, back to what I was saying.

The way out of this trap is not complicated. It is not a hedge fund strategy. It is not something you need a Wall Street advisor for.

It is simple: own real things. Gold. Silver. Real estate that generates income. Assets that exist in the physical world, outside the system, beyond the reach of the people who burned $37 billion and made things worse.

I started buying silver in 1965 when it was still in U.S. coins. I watched them remove it in 1965. I watched them close the gold window in 1971. I watched the dollar lose 87 percent of its purchasing power since then. EVERY SINGLE STEP was predictable if you understood how governments work.

They are not evil geniuses. They are bureaucracies doing what bureaucracies do: surviving, expanding, and spending. The money always has to come from somewhere. And for 50 years, it has come from the value of your savings.

The $37 billion California disaster is just the latest visible example. The invisible example is happening in your bank account right now. The purchasing power erosion is quiet. The homelessness failure is loud. They are the same system.

Gold is not an investment. Silver is not an investment. They are an exit. An exit from a system that measures spending, not results. An exit from politicians who buy votes with your future.

Kiyosaki's rule: When government fails at something, they spend more. When they spend more, they print more. When they print more, real assets go up. Position accordingly.

To your freedom,

Robert Kiyosaki

Author, Rich Dad Poor Dad

P.S. You asked. It's back.

Earlier this year, my team shared a private gold deal with our readers. A company that extracts 136 times more gold than a traditional miner.

Our readers had two weeks. Then the financing was filled at thirty million dollars, and the doors closed. The emails started arriving the same day. Readers who watched the presentation, did their homework, and ran out of time.

So I did something I have never done before. I went back to the company and asked them to reopen it. They had to file with federal regulators to extend the offering. Lawyers. Paperwork. Federal review. It took two months.

It just cleared. Ten million dollars of additional allocation is open right now, at the same terms as the window that filled.

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One third the size of the first window. First-come, first-served. When it fills, it closes.