When you look at the news
When you look at the news today, it’s easy to see all of the assets are in a bubble, and it’s only a matter of time until this bubble pops.
While it's tough to predict the future, one thing is for certain: The U.S. dollar will continue to go down in value, and savers will be losers. With people all over the world piling debt upon debt and spending like fools because we’ve been in a bull market, be mindful that what goes up, must come down.
In this Quarantine update, Robert explains this tweet:
“The EVERYTHING CRASH is coming. Since 1987 the world has been in EVERYTHING BUBBLE. Now all crashing. Prices of gold, silver, Bitcoin will crash too. US dollar to rise. Be patient. Massive money printing ahead eventually destroying the dollar. Time to buy more gold silver Bitcoin coming.”
My rich dad quickly became my poor dad after basing the majority of his financial decisions on advice given throughout the early 2000's, seriously though. Not that the book or general advice was bad it was just really only beneficial in the context of a well performing economy where real estate is always going up.
If you want to buy bitcoin, you don't have to buy whole coins. Bitcoin is also used for web transactions so you can easily buy a purse with a fraction.
The greatest economic crash ever is indeed on the horizon. We can blame both Republicans and Democrats in Washington for the horrors that are coming because they colluded in going along with deficit spending that each years is in the trillions of dollars. America is finished. Most people just do not know it yet. But they will when it takes a barrel of money to buy a loaf of bread.
10 years and counting, The crash is coming , one of these years he's going to be correct. Guys if you haven't figured out this slimeball by now you never will.
Some people say these
Some people say these most recent global events are part of a grand conspiracy, and that might well be. Some people say the events represent the struggle between capitalists, communists, and socialists, and that might be, too. But the only way out of this financial storm is to be prepared with financial education.
There were so many signals pointing to a pending market crash, and guest Bert Dohmen, the author of the Wellington Letter, looks behind the scenes of the global investment markets, analyzes cross-market relationships, global correlations, and especially credit market data which give him superb clues as to what is likely to happen in various markets that are ignored by other analysts.
Listen as Robert, Kim, and Bert discuss why the crash is coming, what to expect, and how to prepare yourself and protect your assets so you can stay on top, even when the economy is on the decline!
#robertkiyosaki #kimkiyosaki #financialeducation
1:47 LOL "Even if this is fake virus" ..
Get Harry Dent Back in here!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Is this virus fake? Base your interviews on facts pls....this is a conspiracy theory stuff!
What can the average Joe do now? Figure out how to make money and cut expenses. The money is still out there. You have to find out who has it and provide enough value that they will give it to you. If you’re sitting around asking a radio show what to do, maybe you’ll starve. Get your ass out there. No one is coming to save you. A great place to start is a book called Marketing to the Affluent by Dan Kennedy.
Today, the world is
Today, the world is facing many of the same problems that were being faced before the Great Depression set in. The world’s governments are facing massive and unsustainable debt and today’s guest says you “can’t solve a debt problem with more debt.” The problem we’re facing today is that technology is advancing far faster than the governments can keep up with—it’s a true battle between the Industrial Age and the Information age.
Jeff Booth is the author of “The Price of Tomorrow: Why Deflation is the Key to an Abundant Future” and he believes that technology-driven deflation is a significant challenge for the global economy, and central banks attempting to create artificial inflation through monetary policy are doomed, ultimately, to failure.
Hosts Robert and Kim Kiyosaki and guest Jeff Booth discuss why the world will need to move to a deflationary economy and why you should care.
#robertkiyosaki #financialeducation #kimkiyosaki
They keep saying the world is changing so fast not true. It takes time for people to adopt new things, it takes time for companies like Amazon to wipe out retail, it took time for mobile phones to wipe out Kodak, it took time for Netflix to take Blockbusters market. Now here’s the reason why, why does it take time... because people are attached to the things the like especially those over 40yrs old. People over 40yrs control the vast majority of the wealth in the world, most of this wealth is in locked in their homes known as equity. These people will not sell the house they have lived in for many years, nor will they move into flats. Now let’s look at the young generation those under 40yrs and broke can’t get jobs, can’t afford a house. In ten years time these people will become the majority in every country, they will be not only envious but pissed off with their landlords and all the 50+ yr olds living in houses with little or no mortgage. Now imagine you want to be the next party to win elections and you want to win bad it’s so simple ... you put a massive tax on residential property income why? Because it will force many Landlords to sell but before you do that you make it also easier for them to sell. It’s called a right to buy so any tenant for say 3years has a right to buy the property. Government funds their mortgage, landlord loses a lot of money, all those below 50yrs vote for them. This is I think how the housing bubble will pop around the entire world...,2nd, 3rd, 4th homes. Because one person=one vote. This government policy has already started in UK. 2nd home more tax, more stamp duty, licence fees etc. etc. It will only get worse for Landlords ...all thanks to democracy.
Dear Mr Robert? thank you so much for all these massive informations. You are my MANTOR and Rich Dad in internet world ?. ❤️?❤️ GOD BLESS YOU ALWAYS.
This was an amazing episode!
It's not even an economy; it's a concept and it feels as if money's not even real.. So the mindset has to change and if those guys have been in far too long the mindset won't change.. Especially today The Media runs the lies that change the stock market and it's ALL FALSE..
goes to show how badly we're being screwed that our purchasing power is still reducing in the face of deflation caused by exponential technological innovations.