The Financial Collapse Has Begun - Richard Duncan, Alejandro Cardona, Christopher Whalen, Tom Wheelwright

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

🗓️ 28 May 2025

⏱️ 25 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

What happens when the global economy is built on debt, bubbles, and blind optimism? In this powerful Rich Dad Radio Show compilation, Robert Kiyosaki is joined by economic heavyweights including Richard Duncan, Christopher Whalen, Alejandro Cardona, and Tom Wheelwright to unpack the financial storm already unfolding.

From $100 trillion in total U.S. debt to a stock market teetering at all-time highs, this episode dives deep into why the next crash could be even worse than 2008—and how the wealthy are preparing to not just survive, but thrive. You’ll learn why financial education is more important than ever, why most Americans are vulnerable, and what strategies real investors are using right now to protect and grow their wealth.

This isn’t fear-mongering—it’s reality. Whether it's using debt wisely, understanding market cycles, or leveraging tax incentives like the ultra-wealthy, this episode delivers the mindset and tools you need to think like the rich.

00:00 Introduction
00:18 The Dollar Crisis and Economic Bubbles
01:55 US Trade Deficits and Government Debt
03:52 The Future of the Dollar and Global Economy
04:52 Trump's Tariff Strategy
06:02 Money, Debt, and the American Dream
11:11 The Role of Silver in the Market
12:11 Market Volatility and Investment Strategies
17:09 Tax Strategies for Different Income Quadrants

-----
Silver is still 50% below its all-time high—but that window may be closing fast. As demand surges across solar, EVs, AI, and even medicine, governments are quietly stockpiling silver… and supply is shrinking. Rich Dad believes silver could hit $70 this year—and smart investors are getting in before the next breakout. Priority Gold’s FREE Rich Dad Silver Forecast Guide reveals why silver is poised to 2x—and how to move part of your IRA or 401(k) into silver tax- and penalty-free (U.S. Residents Only).

Claim Your Free Guide: https://www.eckd9jsl.com/58GQMR/FR8WTM/?sub3=YT

📞 Call 866-703-9895 or 📲 Text SILVER to 24999 to learn more.

------
Disclaimer: The information provided in this episode is for educational and informational purposes only. It should not be considered as financial advice or a recommendation to buy or sell any financial instrument or engage in any financial activity.

The content presented here is based on the speaker's personal opinions and research, which may not always be accurate or up-to-date. Financial markets and investments carry inherent risks, and individuals should conduct their own research and seek professional advice before making any financial decisions.

Transcript

Click on a timestamp to play from that location

0:00.0	This is the Rich Dad Radio Show, the good news and bad news about money.
0:07.0	Here's Robert Kiyosaki.
0:09.0	Hello, hello, Robert Kiyosaki, Rich Dad Radio Show, broadcasting from Arizona.
0:14.0	And today we have a very special, one of my original guests, 25 years ago, I believe now. And Richard Duncan, and we're so old,
0:26.7	I found his book in Borders Bookstore, which is now gone out of business by Amazon. I mean,
0:34.0	so much as has transpired because things are moving so quickly, what is going to happen, Richard?
0:39.3	How serious? Because you wrote the book, The Dollar Crisis, Can I get be a much bigger crisis than this?
0:46.3	Right. So I wrote the Dollar Crisis in 2002, and that's the one that you saw, and that's how we got to know each other.
0:55.0	And in the dollar crisis, I was very worried about these very large U.S. trade deficits that were destabilizing the global economy.
1:05.0	They were blowing the trade surplus countries into bubbles like Japan and later on China.
1:10.7	And the money was boomeranging back in the United
1:12.8	States and blowing the U.S. into a bubble. And I said, this bubble in the U.S. is going to pop and it's
1:18.0	going to lead to a financial sector crisis and a severe recession and probably a collapse of the dollar
1:24.2	standard in the global and the dollar reserve currency status.
1:29.2	So that collapse actually did happen in 2008 and the financial sector almost did collapse.
1:36.7	There was a very severe recession, but the government managed to reflate the bubble
1:41.7	with trillions of dollars of paper money creation and trillions of dollars of budget deficits.
1:47.0	So the Great Depression that I foresaw at that time didn't happen.
1:51.0	I just jotted down some how things have changed since then, 22 years ago.
1:57.0	At that time, the trade deficit was $450 billion in 2002. Last year, it was more than twice
2:07.8	that much, $1.1 trillion. And the cumulative deficit, if you add them up over the years, in 2002,
2:16.6	the cumulative deficit was $3 trillion. Now it's $16 trillion.
	...

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.