The Future of the Gold Standard and the Collapse of the Dollar – Robert Kiyosaki, Peter Schiff

Rich Dad Radio Show, Released on 6/26/24

In this episode, Robert Kiyosaki is joined by economist Peter Schiff to discuss the potential return to the gold standard and the implications for the global economy. They delve into historical events like Nixon’s 1971 decision to take the dollar off the gold standard, the economic consequences of this move, and Schiff’s predictions for a future financial crisis. Peter Schiff shares his views on gold as real money, the flaws of the current monetary system, and what actions individuals should take to protect their wealth. The discussion also touches on the role of BRICS nations, the potential risks of a Fed coin, and the impact of a dollar collapse on the American standard of living. This episode is packed with valuable insights and is essential viewing for anyone concerned about their financial future.

00:00 Introduction
01:35 Historical Context: Nixon and the Gold Standard
04:11 Peter Schiff’s Perspective on the Gold Standard
08:53 Impact of COVID-19 on the Economy
10:52 The Role of BRICS and Future Economic Predictions
14:37 Potential Return to the Gold Standard
17:06 Fed Coin and Inflation Concerns
21:44 Final Thoughts and Advice from Peter Schiff
24:10 Conclusion and Farewell

Peter Schiff is an internationally recognized economist specializing in the foreign equity, currency and gold markets. Mr. Schiff made his name as President and Chief Global Strategist of Euro Pacific Capital. He frequently delivers lectures at major economic and investment conferences, and is quoted often in the print media, including the Wall Street Journal, New York Times, Barron’s, BusinessWeek, Time and Fortune. His broadcast credits include regular guest appearances on CNBC, Fox Business, CNN, MSNBC, and Fox News Channel, as well as hosting his own weekly radio show, Wall Street Unspun. He’s also the author of the bestselling books: Crash Proof 2.0, The Little Book of Bull Moves in Bear Markets:, and The Real Crash: America’s Coming Bankruptcy – How to Save Yourself and Your Country.

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.

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