Precious Metals: Your Ultimate Protection Against Economic Crises

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

🗓️ 5 April 2023

⏱️ 49 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Robert Kiyosaki and Andy Schectman discuss the current state of the economy and potential risks that people should be aware of. They refer to three emergency podcasts covering different topics, including the safety of people's money in banks, the potential consequences of the US losing its petrol reserve status, and the risks associated with the failure of Deutsche Bank.

It's important to note that the safety of people's money in banks is a growing concern, especially with the increasing number of bank failures and the possibility of a global recession. Additionally, the US losing its petrol reserve status could have significant implications for the country's economy, as it would mean a loss of power and influence in the global market.

The risks associated with the failure of Deutsche Bank are not to be taken lightly, as it is one of the largest banks in Europe and its collapse could have a domino effect on the global financial system.

To protect oneself from potential economic crises, Robert and Andy stress the importance of investing in precious metals, particularly silver. This is because silver has historically been a safe haven asset during times of economic uncertainty.

They also discuss China's role in building infrastructure and industrializing countries in a mutually beneficial way. This is an important point to consider, as China's economic growth has had a significant impact on the global economy and its policies can have far-reaching consequences.
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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.

Transcript

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1:07.0	This is the rich dad radio show, The Good News and Bad News About Money. Here's Robert Kiyosaki.
1:14.0	Hello, Robert Kiyosaki. This is emergency podcast number three. And I want to thank my friend Andy Shachman for bringing me personally up to speed because I knew something was going wrong all these years.
1:30.0	I lost a macro. I didn't get the bigger picture of it. This is emergency broadcast number three.
1:38.0	Number one was Andy's warning about what Janet Yellen who was a secretary of treasury. But she was also the head of the Federal Reserve Bank.
1:48.0	So there's a little conflict of interest there. But how she was warning people saying that Janet Yellen herself, the FDIC and the Federal Reserve Bank will determine which bank survive and which ones die.
2:04.0	So Andy called up. He says we got to do emergency podcast number one.
2:09.0	Number two is what does it mean when Japan and Mexico want to join the bricks and the bricks stands for Brazil, Russia, India, China, South Africa, Saudi Arabia and on and on and on.
2:23.0	But if you have Japan and Mexico, who are possibly as close to us as Canada joining the opposing side, that's number two. And I think is by far the best financial literacy video I've ever done. So that was number two.
2:44.0	Andy will please watch that one. It goes in depth. And today is number three emergency podcast number three. And emergency podcast number three is not for you who are paying attention.
2:59.0	Emergency podcast number three is be careful for those who are not paying attention.
3:06.0	In other words, we're about to go into what's called the Wiley Coyote moment.
3:10.0	Everybody's running a lot of says, oh, don't worry. The feds got my back. You know, the economy is fine. I love this guy Biden. You know, where America is the greatest economy safe. I was a
3:21.0	person. And when people crash when this thing crashes is coming soon. It's the people that are not prepared. The people who are not watching this emergency podcast number three, haven't watched number two or number one or the ones you're going to have to be afraid of.
3:44.0	Be very, very afraid of those who are sound asleep at this moment because when they wake up, they're going to wonder what happened.
3:52.0	So I'll just tell you a quick story. I went to flight school, you know, to fly these things in Vietnam. And they wanted to prepare us for the worst.
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