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🗓️ 18 August 2022
⏱️ 10 minutes
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"This is what the 1% won't tell you!" ROBERT KIYOSAKI. How to thrive in a market crash!
►RICH DAD, POOR DAD book: https://amzn.to/316zZTQ
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▶Speaker
Robert Kiyosaki
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Audiojungle
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0:00.0 | The reason I wrote Rich Dad Poor Dad was because I knew this time was coming. |
0:08.2 | And we have, as a world, I've never been here before. |
0:12.0 | And so is it a spooky time? Damn, yeah, it is probably the most dangerous time ever, ever, ever, |
0:18.1 | ever. There's nothing to compare it to because there's never been a world economy before. |
0:22.8 | For example, you know, a hundred years ago, if there was a stock market crash in England, |
0:28.0 | it didn't affect anybody. But now the US market goes down, the world goes down. |
0:33.2 | So, plus with social media and all this we're doing now. So, we've never been here before. |
0:40.0 | And, you know, I'm excited about it because I make more money and crashes than I do when they go up. |
0:48.3 | So, but for the average person, they'll get wiped out. I'm afraid that the worst, I hope I'm wrong, |
0:54.0 | but I think we're heading for a global depression. |
0:55.8 | How does this play out for the average worker, Robert, for the small business owner? |
1:02.8 | I mean, what does the next three months look like? Because it doesn't look pretty. I mean, |
1:05.7 | people are already being laid off, made redundant. Businesses are, there's no cash flow in most of |
1:11.0 | these businesses. How does that play out? Well, let me give one more step just to give you the |
1:16.4 | size of it, okay? The national debt for World War II is 25 billion. Every day today, |
1:24.9 | every day they're printing 125 billion. Every single day, that's like five World War IIs per day, |
1:33.7 | they're printing so much money to keep this, well, this thing of a hot air balloon with a tear in |
1:39.9 | it. And they're doing desperately trying to fix this tear, but no matter how hard they try, the |
1:45.1 | tarot's gone beyond, it's coming down. So in financial terms, this car debt, the GDP has now gone |
1:51.8 | from 60 to 90 to 105 is going to 120. We're bankrupt. And they're going to print more and more |
1:58.6 | money, which means savers are losers just as I predicted. Your money is going to be worthless |
2:03.0 | in a few years. So, my message is the same as some of your other guests, this is Metamorphosis type. |
... |
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