The Bitcoin Standard

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

🗓️ 16 December 2020

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Gold became money as determined by the free market because of its properties—scarcity. But with the invention of Bitcoin, we are now seeing a historical event that will never be repeated. Bitcoin’s characteristics make it a direct competitor to the central banks because of its absolute scarcity, resistance to theft and confiscation, and the system that it’s built upon prevents it from being shut down.
Saifedean Ammous, economist and author of The Bitcoin Standard: The Decentralized Alternative to Central Banking says, “The higher the ratio of the stock to the flow, the more likely a good is to maintain its value over time and thus be more salable across time.” And he says it’s this reason Bitcoin is the only working alternative for central banking.
Host Robert Kiyosaki and Saifedean Ammous answer the questions surrounding Bitcoin and why it the “first demonstrably reliable operational example of digital cash and digital hard money.”
Website: www.saifedean.com
Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0	Monso Business Banking. It just works. So you can too. Join businesses like Target
0:05.7	to Wishing by opening a Monso Business account.
0:07.7	What I love about Monso Business account is how easy everything is. It can be filtered,
0:13.1	it can be tagged. We thought we'd have to manage our business around our banks, but that's
0:17.3	not the case for Monso.
0:18.4	My name is Shun. I am the Founder of Target Trition.
0:21.6	Apply in minutes at monzo.com slash business. To apply you must be a sole trader or director
0:26.6	of a limited company, UK Business is only terms and conditions apply.
0:31.8	Don't be like Charlie. Charlie is that do it yourself or who does himself in. Do it yourself
0:37.4	is good for tile and grout. It is not good for asset protection.
0:41.9	Charlie thought he'd save a few dollars forming his LLC online. With no guidance, he did it
0:47.3	wrong. When he sold the property, he lost thousands and thousands of dollars. He did himself
0:52.6	in by trying to do it himself. Don't burn yourself. Use corporate direct to set up and maintain
0:59.1	your LLCs and corporations. Corporate direct is owned and operated by attorney and rich
1:04.4	dad advisor Garrett Sutton. Garrett wrote the best seller's loopholes of real estate
1:09.2	and start your own corporation. He is Robert Kiyosaki's attorney for asset protection.
1:14.5	He and his team will do it right. Visit them at corporate direct.com or call 800-600-1760.
1:22.2	Don't you want to mention rich dad and receive $100 off your formation fee? That's corporate
1:26.6	direct.com. Corporate direct.com.
1:31.4	Did you hear about rich dad's new podcast Malayamani? Don't you want the truth about
1:36.4	money and not just the lies and media selling you? Don't you want to control your own future?
1:42.2	Then join me, Alexandra Gonzalez-Gonesa, as I interview the number one personal finance
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from The Rich Dad Company, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of The Rich Dad Company and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.