The Rich Dad Channel
Premiered Apr 12, 2023
Robert Kiyosaki and guest George Gammon dive into the current state of money and the potential impact of a Central Bank Digital Currency (CBDC) on the economy and individual privacy. It’s not all doom and gloom, but the speakers emphasize the importance of being prepared and paying attention to warning signs.
The speakers compare the yield curve to a tsunami warning system, with the inversion of the curve signaling a financial tsunami approaching. They caution against celebrating the Fed’s pivot and rushing to invest in risky assets, as it could lead to financial ruin. Instead, they advise having a large cash position with 10% in physical gold and short-term treasuries to avoid counterparty risk.
It’s not just about protecting your assets, but also protecting individual freedom and the free market. The potential dangers of a CBDC include the loss of privacy and the risk of authoritarian control. The speakers warn against sacrificing these values in times of crisis and caution against central planners and authoritarians taking advantage of such crises to gain more control.
So, are you prepared for the next financial crisis? Pay attention to warning signs and be prepared, just like the animals in Indonesia during the tsunami who headed for the hills while humans chased after fish. The importance of financial education and awareness cannot be stressed enough in navigating the complex world of money and investing.
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