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

Shadow Banking Scandal: Dollar Swap Lines

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

🗓️ 15 July 2020

⏱️ 40 minutes

🧾️ Download transcript

Summary

The most alarming interview you’ll listen to in 2020!
Would you ever imagine that the American people are funding the cannibalism of our own industries? Thanks to something called dollar swap lines—which grants unlimited lines of credit to 15 central banks around the world—this is exactly what’s happening in the shadow banking system.
In this episode, you’ll learn:

What are dollar swap lines, and why you should care about them

Why the U.S. would give an unlimited line of credit to countries

Who approves the lines of credit

Who is going to get screwed when these countries don’t pay back the loan

And the most important lesson you’ll learn is if you own stock of a company that has assets in a country that didn't get a dollar swap line you might be facing the most risk of all.
Hosts Robert and Kim Kiyosaki and guest Marin Katusa, author of The New York Times bestseller, “The Colder War,” discuss the risks associated with dollar swap lines, how lending to these countries will affect commodities, and most important is what you shouldn’t be doing if you have gold bouillon.
For Rich Dad listeners ONLY…Get a full year of Marin Katusa’s PREMIUM research… for the lowest price you’ll ever see
Marin has built one of the greatest investment track records in history (with wins of 1,852%, 1,050%, 1,450%, 2,400%… even 4,160%).
But if his style of investing isn’t for you, you’ve got 30 days to get a full refund. Note: This offer will close without notice.
Follow this link to take advantage of this offer => http://www.katusaresearch.com/richdad
Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0

Don't Be Like Charlie.

0:03.0

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

0:06.6

Do it yourself is good for tile and grout.

0:09.2

It is not good for asset protection.

0:11.8

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

0:15.8

With no guidance, he did it wrong.

0:18.0

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

0:21.8

He did himself in by trying to do it himself.

0:24.9

Don't burn yourself.

0:26.5

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

0:31.3

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

0:36.4

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

0:41.0

He is Robert Kiyosaki's attorney for asset protection.

0:44.4

He and his team will do it right.

0:46.6

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

0:52.1

Watch and Rich Dad and receive $100 off your formation fee.

0:56.0

That's corporatedirect.com.

0:58.2

Corporatedirect.com

1:00.2

Because study is better with play.

1:02.8

Samsung Galaxy TAB S7 FE.

1:05.2

Ready to make the most of your school year?

1:07.1

The ultra-large screen gets you closer to the action, whether you're studying, streaming

...

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