No, we go to school but we need to change our education system..
I wonder if "Rich Dad" had anything to say about the benefit of listening instead of contributing empty chatter..
Been a listener a few months… loved the Chris Martenson shout-out! PeakProsperity inadvertently led me to your show. Thanks for all the great “education!”
He makes a good point that we need assets that can be moved, but legally that just doesn’t work. If you want to flee the US and avoid taxation you have to get rid of your citizenship and pay a 30% tax.
What kind of makes me laugh is he thinks you can hid and transport Bitcoin. The NSA and the government has already confiscated tracked down people and Bitcoin. Remember the NSA manipulated the nuclear power plant in Iran. I’m pretty sure they can find your Bitcoin.
Remember you have to report if you have bitcoin to the IRS. If California loved crypto you’d think they’d be against tax. If one really wants you can hid gold so the government doesn’t find it, but he’s right it’s harder to smuggle. I doubt though fiat currency will be based on crypto. That’s a bigger bet then fiat being based on gold. It may have value but it’s unlikely the dollar will be based on Bitcoin. Buying Bitcoin now with its higher value since Elon bought it is interesting. Cause it can go way up as people get out of the dollar or go down.
Another thing to consider is some live still in the Industrial Age, information and the crypto age. Not all of society has caught up.
But I doubt crypto is what fiat is going to be based on. It’s way to volatile. Maybe gold could be since it’s been used that way for so long. But the issue with like Bitcoin is it’s capped. Even gold has a flow rate of like 1.6%. You do need some small expansion especially as population increase or the money or currency will just rise in value and is deflationary and is terrible for loans.
He’s totally right tech has changed everything and does make things cheaper just like how the Industrial Age like Henry Ford made cars cheaper. But I think like some say crypto is like the dot com bubble. It’s going to take off but its still way to volatile and probably over priced.
It's call American Dream, because that's all it really is. The rich don't always stay rich.
Great interview, thank you!
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Stock market crash!!?? check out my podcast, have a new one coming soon about the bubble in gold and the bounce between the deflation and inflationary plays!
Jeff Booth is great on bitcoin and finance ….he's completely wrong on climate change which is a hoax and nothing more than an excuse to tax and control. Complete BS
this guy would be right if the world population was dropping, if industrial metats just magically show up for these machines to produce and China decided too go back too rickshaws . too stop this inflation you just need too convince 1.3 billion chinese and 1.35 East Indians that they don't want too live like modern man
Best video I have seen in a long time. Unbelievable information
Artificial intelligence takes over artificial inflation
What’s ahead will be expedited by Biden policies. Taxing the rich by Trillions will hurt the stock market and prevent the rich (who have money) from hiring people. Biden repealing Trumps tax cuts denying people of spending that money on Main Street hurting businesses will not help America. Biden embracing free trade sending our jobs overseas and increasing business taxes sending jobs overseas will help to speed up the financial crisis.
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So mr. Rob when the dollar falls will gold still be good in the digital age
43:48 : When USA became Comm , Repo market etc
What a nice conversation.
Ai and computers……….now Utube is changing things…..Verizon changing refuse to service non 5phone. It’s atrick to improve while the board keeps moving
The house here in Calgary are around 4 to 5 hundred thousand so you are saying it will be 80 thousand…… so if I have 4 hundred thousand cash I should wait…or should I buy gold or silver or Bitcoin
Meanwhile the earth is flat and you waste your lives staring at your bank accounts and your fake money.
Once everyone has adopted bitcoin the EMP will hit us and wipe out what's left. But gold and silver will survive. Even coal will be worth trading again.
Where do you suggest to start buying bitcoin?
Wouldn't a solution be if we found more gold? Say like 200 trillion dollars worth? Then we get to a new and better gold standard?
So wait… Say we do deflate, and assets drop by 90%.. now people like Robert and other investors will have to get a "regular" job?
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.
Thanks you Robert Kiyosaki and Kim Kiyosaki for sharing that knowlage with Jeff Booth. I will read Jeff Booth book: The Price of Tomorrow.
CRYPTO…..INTERESTED……….BUT HEAR THE COMMON SENSE……..IF YOU DONT HOLD IT YOU DONT ………OWN IT…..SAME FOR STOCKS A PIECE OF PAPER SAME AS THE FEDRAL RESERVE NOTES……A SECOND PARTY ENVOLVED….NOT IN THE PEOPLES LONG TERM ENTEREST….CALLED A COUNTER PARTY RISKMETALS IF ONE CAN AFFORD THEM BETTER OPTION….BUT THE THOUGHT OF………ADDITIONAL ECONOMIC LIFE SUPPORTING HARD ASSETS ARE THE PRIME MOVER AT THE MIDDLE CLASS AND LOWER INCOME RECIPENTS……….VIEWER THOUGHTS????????????
Makes much sense. Do we even need the State anymore?
Here in Africa We have been with the rise of technology almost those twenty years Jeff Booth, yet we are just Consumers who never participate any part of that business. Whether its the Main Production, the bigger distirbution and the overall develpment.
Ey ey ey. Dnt say dnt go to school. Haha. We are gonna be running out of experts that B and I hire to run THE business. You know what im saying
Robert, this is the second time you mentioned Sept 2019 and the failure of Shadow Banking. Please give us more information about what you are talking about.Thank you for doing this Radio show.
We archive cause of u watch it twice, you learn twice as much 🔥🔥🔥🔥
Deflation equals hyperinflation because the cure for low prices is low prices.
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..
The problem of AI is that it's not intelligent at all. Same as human. We confuse intelligence with intellectual skills. Those robots are programmed based on antique paradigms that are not evolution oriented. And then we are either surprised or predicting devolution or deflation (depending if we are not financially educated or if we are financially smart). If we want to evolve, we have to change our way of thinking. When people promote paradigms that will stand for "centuries of centuries" that means they refuse to question those paradigms. Worth, they will disqualify anyone who attempt to do so. Unfortunately the richests are getting richer because they are smart but not necessarily intelligent.Seat on a vault (buying silver or gold, for example) while humanity is sawing the branch where it's seated knowing this is the only branch in the outspace within the reach of our present technology is not at all intelligent.There's two faces on greed: accumulating richness as much as we can expecting the other to fail just to demonstrate (mostly to ourselves) that we are smarter than everyone else or than most of the population is one.The other face is making better use of the technolgy trying to apply new and more efficient paradigms to it.There's a part of humanity who thinks of technology as evil, but money and technology are not evil, this is the paradigms supporting them that are not efficient.Evolution needs a change in our way of thinking, meaning questioning our paradigms and find out which ones are no longer useful. Questioning empathy or save a human at all cost including making Life disappear seems to people sacrilege but if there's no more Life, this is not a human life we'll have to save but all humanity. Even the richests won't be able to survive. And, by the way, surviving is not living. We have the physiological capacity to survive only for a very limited amount of time. We need to learn how to use our minds instead of being used by our brain.
Robert Kiyosaki. TY for your videos and your work. Just one suggestion: you need a little more sound engineering on your videos. The volume goes up and down quite a bit from one speaker to the next. It is, sometimes, quite jarring. I love the content though, so the poor sound control will not stop me from listening.
All of this sounds like an argument to accept socialism. That doesn't sound intelligent to me.
The good thing about deflation is that things get the real value, and the working people can afford it. Inflation profits the bank and rich, the working people gets the shaft.
amazing content wow makes so much sense!!!
Gold, Silver, Bitcoin & Theta, all the way!
Please allow the experts to speak!!! They are asked questions, but then constantly interrupted!
Only one hundred thousand views. God help America. YouTube is censoring this I bet. Blocking people from learning information that could save their life. Take down youtube
I'm not a big fan of Bitcoin mostly due to it's 56% hackability. The Chinese are mining bitcoin like crazy. I prefer other Cryto's like XRP, Ethereum, Chanlink and a few others. I do believe Bitcoin will go way up but it will not go up as much as these others will percentage wise. Bitcoin is very slow, it's a dinosaur in the Cryto space. As a store of value Bitcoin is a safe place only if it's put on a ledger wallet to protect it from hackers.