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

Why understanding macro-level events is crucial in today's world

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

The Rich Dad Company

Entrepreneurship, Business, Investing

4.13.9K Ratings

🗓️ 19 April 2023

⏱️ 54 minutes

🧾️ Download transcript

Summary

The global economy is constantly evolving, and recent events such as France's decision to work with China and the growing trend of countries applying to join the BRICS indicate a shift away from the US dollar as the global reserve currency. In this episode of the Rich Dad Radio Show, Robert Kiyosaki and Andy Schectman explain the importance of being aware of macro-level events and their potential impact on the economy.

They warn of the potential consequences of the US dollar losing its status as the world reserve currency, including hyperinflation, the rise of dictators, and civil war. They also discuss the importance of investing in physical gold and silver as a hedge against inflation and economic instability.

Moreover, they discuss the significance of the US dollar's petro standard and how recent events may signal the end of the dollar's hegemony. They also touch on the importance of being proactive and knowing who you do business with, as well as the benefits of investing in assets like gold and silver that do not have counterparty liability.

This episode emphasizes the need to pay attention to macro-level events and their potential impact on the global economy. It highlights the importance of being prepared and knowledgeable about these events, as they can have a significant impact on the availability of precious metals and other resources. As we navigate an increasingly complex and changing world, it is crucial to stay informed and take action to protect our wealth and well-being.

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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

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.

0:08.6

All Robert Kiyosaki, this is one of the good news and bad news about money.

0:12.5

This is emergency podcast number four.

0:16.4

And we had one, two, three, and now four.

0:20.0

So please go through one, two, three, and four because it's getting worse.

0:26.1

And the better prepared you are, you know,

0:29.4

like we said, the last, the last number three was about,

0:33.0

if you're prepared, the problem is not that you're prepared.

0:36.1

The problem is what happens to your neighbor who's not prepared.

0:39.1

And that's really, that's really the issue.

0:40.6

There's a lot of people who just thinking happy days are here again.

0:44.3

And we just did a radio show with George Gammon.

0:47.1

He talks about how the, in the yield curve, inverts, everybody thinks happy days

0:51.7

are here again.

0:53.2

And then it crashes.

0:54.6

So anyway, this is very time to be pessimistic and optimistic.

0:58.9

And the person that shares the one, two, and three, four podcasts is

1:05.3

Andy Sheckman.

1:06.2

He's a president, founder of Miles Franklin, precious metals.

1:09.4

And for full disclosure, we buy a lot of product from Andy and so's a lot of other people.

1:14.7

But there's one reason I buy from Andy.

...

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