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Rich Dad Radio Show: In-Your-Face Advice on Investing, Personal Finance, & Starting a Business

Are you prepared for the next financial crisis?

Rich Dad Radio Show: In-Your-Face Advice on Investing, Personal Finance, & Starting a Business

The Rich Dad Company

Entrepreneurship, Business, Investing

4.13.9K Ratings

🗓️ 12 April 2023

⏱️ 38 minutes

🧾️ Download transcript

Summary

Robert Kiyosaki and guest George Gammon dive into the current state of money and the potential impact of a Central Bank Digital Currency (CBDC) on the economy and individual privacy. It's not all doom and gloom, but the speakers emphasize the importance of being prepared and paying attention to warning signs.

The speakers compare the yield curve to a tsunami warning system, with the inversion of the curve signaling a financial tsunami approaching. They caution against celebrating the Fed's pivot and rushing to invest in risky assets, as it could lead to financial ruin. Instead, they advise having a large cash position with 10% in physical gold and short-term treasuries to avoid counterparty risk.

It's not just about protecting your assets, but also protecting individual freedom and the free market. The potential dangers of a CBDC include the loss of privacy and the risk of authoritarian control. The speakers warn against sacrificing these values in times of crisis and caution against central planners and authoritarians taking advantage of such crises to gain more control.

So, are you prepared for the next financial crisis? Pay attention to warning signs and be prepared, just like the animals in Indonesia during the tsunami who headed for the hills while humans chased after fish. The importance of financial education and awareness cannot be stressed enough in navigating the complex world of money and investing.

Don't wait until it's too late to take action. Study and learn to protect your financial security.

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Please read carefully.

This is not financial advice.

You may be asking, “what does that mean?”

Let me explain…

Do not just do what I, my team or my guest says. That would be stupid and irresponsible. Take the education, then use your own brain and make your own decisions.

YOU must take responsibility for your future and your success. That is why you are here. Neither I, or my team, or my guests, know your risk levels, prior education, emotional maturity or how much money you can afford to lose.

We are only telling you what we believe to be smart moves. But you must decide for yourself. There are NEVER guarantees.

Also understand that we are REAL teachers. We practice what we preach. With that in mind we often invest in the very projects that may be mentioned on this show. While it is never our intent, we could possibly profit from others investing in our recommendations.

Take the education we provide but then determine your own actions. If it does not make sense to you, get more education before you invest. We will continue to provide education and there will always be more opportunities.

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“net returns” refers to the annualized internal rate of return net of all fees and costs, calculated from the offering closing date to the sale date. IRR may not be indicative of Masterworks paintings not yet sold and past performance is not indicative of future results. See important Reg A disclosures: Masterworks.com/cd Masterworks’ offerings are filed with the SEC, view all past and current offerings here or at SEC.gov.

Transcript

Click on a timestamp to play from that location

0:00.0

This is the Rich Dad Radio Show, the good news and bad news about money.

0:07.0

Here's Robert Kiyosaki.

0:09.0

Hello, hello, hello, Robert Kiyosaki, that's Dad Radio Show.

0:12.5

The good news and bad news about money or whatever is money today, because we don't know

0:17.4

what it is anymore.

0:19.5

And it's a very, very important show.

0:21.3

I think all of our shows are important.

0:23.7

But there's a lot of rumor about the Fedcoin and CBDC Central Bank digital currency.

0:29.2

It's also Bitcoin and now Fed now.

0:33.3

The question is, what is money and what does it mean?

0:37.9

And at any time there's a big change.

0:40.8

This always the rumor goes up and speculation and panic and all this.

0:46.4

And it's for good reason, you know, throughout history, who controls the money controls the

0:51.2

world.

0:52.6

Once as 1944, America has controlled the money with the US dollar being the reserve currency

0:59.1

of the world, which caused America to boom.

1:03.2

But it also caused many problems.

1:05.2

And when we lose our reserve currency status was started in 1944.

1:11.4

Question is what happens after that.

1:12.8

So our guest today is George Gammon.

1:15.8

He was at their three day event here in Scottsdale, Arizona.

1:20.0

He was talking about the inversion of yield curves, which given my real estate brain,

...

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