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

How To Prepare For The New Depression

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

🗓️ 18 May 2020

⏱️ 39 minutes

🧾️ Download transcript

Summary

The Government is managing the economy through government debt and the Fed printing money. There's no better example of why they do this than when the Fed announced it would create limitless amounts of money in March 2020. Had the Government not printed money, the U.S. would have certainly fallen into a depression.
The question you should be asking is, "How long can this go on before we spiral into a new depression?" To answer this question, you first must:
1. Understand the forces that drove the global economy and the financial markets before the Coronavirus struck. 2. Understand what the government must do now to prevent an unprecedented destruction of wealth and a new Great Depression.
Listen as host Robert Kiyosaki and guest Richard Duncan, author of the international bestseller, "The Dollar Crisis: Causes, Consequences, Cures," discuss how the current financial crisis started long before the coronavirus spread throughout the world and what you can do about it.

***FOR RICHDAD.COM***
Richard Duncan’s website: http://www.richardduncaneconomics.com
Use the code: rich to receive a 50% discount off a subscription to Macro Watch. Visit richardduncaneconomics.com and hit the Subscribe Button, and, when prompted, use the discount coupon code:rich
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Transcript

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0:00.0

Don't Be Like Charlie.

0:03.0

Charlie is that do it yourself or who does himself in.

0:06.5

Do it yourself is good for tile and grout.

0:09.0

It is not good for asset protection.

0:11.5

Charlie thought he'd save a few dollars forming his LLC online.

0:15.5

With no guidance, he did it wrong.

0:17.5

When he sold the property, he lost thousands and thousands of dollars.

0:21.5

He did himself in by trying to do it himself.

0:24.5

Don't burn yourself.

0:26.0

Use corporate direct to set up and maintain your LLCs and corporations.

0:31.0

Corporate direct is owned and operated by attorney and rich dad advisor Garrett Sutton.

0:36.0

Garrett wrote the best seller's loopholes of real estate and start your own corporation.

0:40.5

He is Robert Kiyosaki's attorney for asset protection.

0:44.0

He and his team will do it right.

0:46.0

Visit them at corporatedirect.com or call 800-600-1760.

0:51.5

mention rich dad and receive a hundred dollars off your formation fee.

0:55.5

That's corporate direct.com. Corporate direct.com.

1:01.5

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

1:06.5

Here's Robert Kiyosaki.

1:09.5

Hello, hello, hello, it's Robert Kiyosaki.

1:11.5

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

1:14.5

We have a very appropriate timely, interesting, prophetic show today.

...

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