Is Paper Money Really Worthless? Exploring the Concept of Real Money vs. Currency

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

The Rich Dad Company

Entrepreneurship, Business, Investing

4.1 • 3.9K Ratings

🗓️ 9 August 2023

⏱️ 37 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Robert Kiyosaki, host of the Rich Dad Radio Show, engages in a conversation with Kevin DeMeritt, founder of Lear Capital, on the concept of real money versus paper currency. They discuss the devaluation of currency due to excessive money printing by the government and the importance of investing in tangible assets like gold and silver. They also touch on topics such as unemployment, tax policies, homelessness, and drug addiction. The episode provides valuable insights into financial education, investment strategies, and the potential impact of global economic changes on the value of the US dollar.
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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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Transcript

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0:00.0	this is the rich dad radio show the good news and bad news about money here's Robert
0:07.8	Kiyosaki hello hello Robert Kiyosaki the rich dad radio show the good news and bad news
0:13.1	about money and today we're talking about real money not this garbage here not this fake
0:19.2	paper stuff and for those who have paid attention to my program for all these years you know
0:25.3	I just don't know why people work for this garbage this is toilet paper and we're we have
0:31.2	an old-time long-time friend Kevin Demarrett he's a founder of Lear Capital when the largest
0:37.4	um precious metal forms and I don't think I don't think he understands either why do people
0:43.8	hang with a toilet paper I don't know so our our program today is to kind of break people away
0:50.5	from the idea that this is money but anyway they printed more money and we never heard about it
0:58.2	just recently they printed so much more of this trash just to prevent the banks because it was
1:04.2	silver gate and silver ronels banks were going down they had to do something so they basically
1:10.1	took tea bills whereby things are safe and they basically they'll liquefied it and now they're
1:15.4	flooding the system more of this stuff and the reason I'm honest this point here is because I get
1:21.0	into a lot of fights with friends and family and people like that and they want to hang on to this
1:27.2	they want to save this at the same time the fed and the treasury are printing trillions trillions
1:35.3	and we're hanging on to it but I am Japanese I'm not a white supremacist which I'm like he was
1:40.2	to being also but also the Japanese are number one savers in the world and what do they save
1:47.2	yen and tea bills USD bills I mean Japanese maybe get a minute to Harvard and Princeton and Yale
1:56.1	but they don't know jack about money because they save yen I would never save you and I wouldn't
2:00.6	use yen as toilet paper that's how bad it is but the Japanese proudly save it and the government
2:06.6	prints trillions of it so again we don't make any recommendations this is your choice to young
2:11.7	duty research we don't make make any recommendations we should buy this or buy that or invest in this and
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