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

Breaking Free from the Dollar: A Brave New World of Currency

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

🗓️ 19 July 2023

⏱️ 49 minutes

🧾️ Download transcript

Summary

In this highly informative podcast episode, Robert Kiyosaki and Andy Schectman provide a comprehensive analysis of the current economic landscape and shed light on its potential implications for the US dollar. They delve deep into a range of crucial topics, leaving no stone unturned.

One of the key issues they address is the ever-increasing debt burden faced by the United States. They highlight the alarming consequences of this mounting debt and its potential to destabilize the economy. Additionally, they discuss the removal of the debt ceiling and the potential ramifications of this decision.

Furthermore, Kiyosaki and Schectman draw attention to the upcoming announcement by the BRICS nations regarding a new gold-backed currency. They explore the potential impact of this development on the global financial system and its implications for the US dollar's status as the world's reserve currency.
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See important disclosures at masterworks.com/cd
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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.


This show is part of the Spreaker Prime Network, if you are interested in advertising on this podcast, contact us at https://www.spreaker.com/show/5712278/advertisement

Transcript

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0:00.0

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0:43.0

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1:06.0

This is the rich dad radio show, the good news and bad news about money. Here's Robert Kiyosaki.

1:14.0

Robert Kiyosaki, the rich dad radio show. This is more than a radio show. This is an emergency podcast number five.

1:21.0

With a person to become a personal friend, mentor, somebody I look up to, and the definition of intelligence, if you agree with me, you're intelligent.

1:30.0

Andy is very intelligent. This is the emergency podcast number five. Please pay close attention because things are changing rapidly.

1:40.0

I was watching CNBC. They're talking about, oh, we're coming in for a soft landing and nobody worry. I'm going wholly macro.

1:53.0

When I was talking, I was just an L.A. for Fourth of July. I'm talking to my friends. Yeah, we don't have to worry. The time is doing fine and all this. I said, but what about, you know, they don't see, they took the ceiling off the debt.

2:08.0

And now debt is skyrocketing. So people don't see the debt that's piling up. So they think everything's fine because the moment they took the debt ceiling, what were they did stock market took off again.

2:21.0

So everybody thinks happy days are here again. So once again, this is emergency podcast number five with the friend Andy Scheckman, president and founder of Miles Franklin, precious metals full disclosure.

2:32.0

I do buy from Andy and we make no recommendations because we're purely an educational podcast. So Andy, what is going on podcast number five emergency five. What do you see happening?

2:47.0

Good to see Robert. Thanks for having me. You know, I see a confluence of events that that are coming together at the same time. And, you know, I think it's very important to acknowledge the fact that

2:58.0

the reasons behind the banks running into trouble have not gone away. And at the same time, you could argue that the forces outside the country, the continued de-dollarization and the bombshell announcement made by your friend Jim Rickards, a couple of weeks ago, something we've been following and talking about between you and I for a very long time, that being the bricks nations

3:25.0

are supposedly set to announce to the world their new currency, what she anticipates to be backed by gold as we've talked about the only other tier one reserve asset.

3:36.0

Expect some to make that announcement August 22nd at the bricks meeting in Johannesburg. So these things are rapidly coming to a head and I think it's something people need to be cognitively aware of because the world's about to change if he's right.

3:51.0

And the reason this is so important is number one Jim records is a man who has seen it from the inside and he's used with LTCM long term capital management that collapsed.

4:02.0

He wrote the book currency wars is how we fight, you know, how we fight wars with money these days. And then I cannot believe what they're doing and now the bricks and all this is happening.

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