Rich Dad Radio Show, Released on 5/18/20
The Government is managing the economy through government debt and the Fed printing money. There’s no better example of why they do this than when the Fed announced it would create limitless amounts of money in March 2020. Had the Government not printed money, the U.S. would have certainly fallen into a depression. The question you should be asking is, “How long can this go on before we spiral into a new depression?” To answer this question, you first must:
1. Understand the forces that drove the global economy and the financial markets before the Coronavirus struck.
2. Understand what the government must do now to prevent an unprecedented destruction of wealth and a new Great Depression.
Listen as host Robert Kiyosaki and guest Richard Duncan, author of the international bestseller, “The Dollar Crisis: Causes, Consequences, Cures,” discuss how the current financial crisis started long before the coronavirus spread throughout the world and what you can do about it.
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 Who Stole My Pension? How You Can Stop the Looting.
Richard Duncan is an author & economist who has worked as an equities analyst in Hong Kong, served as global head of investment strategy at ABN AMRO Asset Management in London, worked as a financial sector specialist for the World Bank in Washington D.C., and headed equity research departments for James Capel Securities and Salomon Brothers in Bangkok. He also worked as a consultant for the IMF in Thailand during the Asia Crisis. He is now chief economist at Blackhorse Asset Management in Singapore. Richard Duncan is the author of three books on the global economic crisis, the most latest being The New Depression: The Breakdown of the Paper Money Economy