Rich Dad Radio Show, Released on 12/28/22
For Part 2 of this interview, CLICK HERE
The weight of high inflation rates and quick monetary tightening have worsened the US economy’s prognosis in 2023. Robert Kiyosaki invited his good friend, and financial expert to discuss what he sees for 2023. Today’s guest says his “list” is different than other experts out there as his list combines geopolitics and economics to provide a complete picture of the outlook in 2023. James Rickards, author of “Sold Out: How Broken Supply Chains, Surging Inflation, and Political Instability will Sink The Global Economy” says, “For the last three years, China has pursued a zero-Covid policy.” Which he explains was all done for political reasons at the cost of billions of dollars. Host Robert Kiyosaki and guest Jim Rickards discuss why this zero-covid policy and other geo-political policies will significantly affect the global economy.
Jim Rickards is a lawyer, investment banker and economist with over thirty years’ experience in capital markets. He is currently Chief Global Strategist at Meraglim. He advises the Department of Defense, the U.S. intelligence community, and major hedge funds on global finance, and served as a facilitator of the first ever financial war games conducted by the Pentagon. A frequent guest on financial news programs, Rickards is also the author of The New York Times bestselling novels Currency Wars: The Making of the Next Global Crisis
Robert Kiyosaki is best known as the author of Rich Dad Poor Dad, the #1 personal finance book of all time. His book titles hold four of the top ten spots on Nielsen Bookscan List’s Life-to-Date Sales from 2001-2008 alone. Robert is an educational Entrepreneur and real estate tycoon, co-creator of the CASHFLOW® board game, founder of the financial education-based Rich Dad Company and author of New York Times Bestsellers: Rich Dad’s Conspiracy of the Rich, and Unfair Advantage: The Power of Financial Education. Robert Kiyosaki is among the first to have warned Americans of an impending collapse in the US real estate market, famously prophesizing, “Your home is not an investment,” years before the Panic of 2008. His latest book is Capitalist Manifesto.
Economic Disasters in 2023 – Robert Kiyosaki and Jim Rickards (Part 1/2) added by Herman James on
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Jim Rickards is always interesting, well informed, and one of the better “guests” on the videos posted here, so why he would agree to do an interview with a lightweight like Kiyosaki baffles me!
Sorry Karl but must take an exception here. Look, there’s no question when Rickards came on the scene about the time of the great recession he contributed some fairly good economic analysis for a few years. But then entropy started creeping in and now he’s just another goofball who’s either talking his book or promoting a worthless investment newsletter.
He’s a member of that same club whose pack of pseudo econ advisors includes Gammon, Armstrong, Morgan, Slavo, Maloney & Snyder; and especially the leader of that pack, C Martenson. I think anyone should avoid taking any of their forecasts as they’re not worth a grain of salt, including Jimmy boy’s.
Now I’m not saying Rickards is without talent, my goodness he’s dripping with it. It’s just that he’s got his head screwed on backwards. BTW, your right about Kiyosaki even though I think his heart is in the right place.
I’m not sure where Kiyosaki’s heart is other than in making money, but compared to him Rickards, who I don’t always agree with but who at least has some impressive credentials, is a virtual superstar. Their match up in this interview makes no sense to me.
You are, however, correct in pointing out that there are legions of so called “economic advisors” with little or no formal education in economics, whose videos are presented here and elsewhere whose advice and predictions are worthless. I have often posted criticisms in that regard and used to watch some of the people you mentioned, and others, just for entertainment purposes, but eventually stopped doing so when I found their pointless, often predictable chatter too tough to listen to, even for a few miuutes!
I’ll take a real economist, thank you, like Marc Faber or Gary Shilling over any of the self promoting bozos who constantly turn up on this site week in and week out!
You make some fine points Karl. I just wish more folks on this & other investment sites would come to understand those points.
My criticism of Rickards is not driven by a desire to throw him under the bus, but by what you & I have pointed out in that there are so many of these pseudo investing experts & b.s. peddling frauds who are given free range to espouse their economic nonsense.
I understand why so many naive people blindly follow these guys yet I am astounded by their continued blind faith & loyalty to these bums. They fail to realize that most modern forecasting gurus are just latecomers to the game of peddling fake investment advice to make a cheap buck. For years they have ridden the coattails of legitimate econ experts like Harry Browne, Robert Ringer, Howard Ruff, and the old Doug Casey (Doug has slipped a few notches in his old age). I find it just a little too much.
Ultimately reality will set in and people will just have to learn things the hard way. Oh well, life goes on.
Hey, D.B….maybe you and I should team up and start to give free investment advice. We couldn’t do any worse than most of the clowns who repeatedly flap their gums here!