Rich Dad Radio Show, Released on 3/15/23
Schectman talks about his prediction and worries that Saudi Arabia would apply for BRICS, which stands for Brazil, Russia, India, China, South Africa, and Saudi Arabia.
“What gives the dollar its world reserve status is that every country on the planet has had to own dollars since 1974 to buy oil. That’s the deal we struck with the Saudi Kingdom and by extension OPEC.” But in Davos recently, Saudi Arabia said they’re open to accepting other currencies for oil. “60% of the world’s population will stop using the US dollar,” says Kiyosaki. “This is what gives us power. Those saving fake dollars are in trouble.”
BRICS is a system based on the pledging of commodities. “They will use blockchain to see what country has pledged to the system. This will put a knife into the heart of the US dollar and its synthetic demand. If OPEC opens oil production to other currencies, it’s a massive deal.”
“The countries in the EU, the rest of the world, are coalescing against the West,” says Schectman. “These countries are using commodities like gold as a vehicle that will allow everyone equal say at the table. Turkey imported more gold than any country— 58.3 tons from Switzerland.” It will be a commodity-backed system to back a new reserve currency.
Robert and Kim Kiyosaki and guest Andy Schectman discuss the FDIC, Federal Deposit Insurance Corporation, the organization that backs all the deposits held by the banks in the US to which there are over 9 Trillion in deposits being backed by 200 Billion in assets or in cash by the FDIC. “It’s a scam,” says Schectman. “They don’t have enough money to back the deposits. This will make the great depression look like a walk in the park. They have removed all reserve requirements ever since the pandemic, so when you deposit money in the bank, they don’t hold it. Bailouts are gone and Bail-ins are the order of the day. The FDIC doesn’t want the public to know as it could produce a run on the banks.”
Andy Schectman is the President and CEO of Miles Franklin Ltd. Precious Metals. Prior to starting Miles Franklin, Ltd. in 1989, Andrew became a Licensed Financial Planner, specializing in Swiss Franc Investments and alternative investments. At Miles Franklin Ltd., a company that has eclipsed $5 billion in sales, Andrew has developed an operation that maintains trust, collaboration, and ethical behavior, superior customer service and satisfaction to better serve their clients. He is responsible for overseeing the firm’s operations and business functions; including strategy and planning, account management, finance, and new business.
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.