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Are We Headed for Another Global Financial Crisis?

- Robert
Kiyosaki, @GeorgeGammon

- Then we have to ask a completely different question. You know, it's not whether the dollar is going up or
down versus silver,
but is the dollar going up or down against the Japanese Yen? And that's what we talked about earlier. And
unfortunately we're in a position right now
where the dollar's actually going up quite significantly. (upbeat music) - Hello, hello, hello.
Robert Kiyosaki, the "Rich Dad TV," or "Radio Show," whatever you call these things now. But anyway, we
have a special guest.
He has been my roommate at Rich Dad in Scottsdale. And that balloon hanging in the background,
it's courtesy of George Gammon. And I'll let George explain the concept of the balloon.
The other is game board for Rich Dad, for the Cashflow board game. But I'm gonna have George talk about
what he says
is going on with the dollar. He's my macro guy. I'm gonna explain one more thing. When people, some people
know my friend John McGregor,
and John McGregor is from Hawaii. He was Obama's classmate, which he denies vehemently.
But anyway... (chuckling) John McGregor's father wants to know
how I got to school in New York and all that, given I'm so stupid.
You know. How do you know so much graduating from Hilo High School? Hilo High School is not known for
his academic prowess.
And I said to all, "The secret to my success, is the way I got through the school, is I always sat next to smart
people.
Especially at test time, and that way I didn't have to study as hard." (both laughing)
And so that holds true for me today. When I wanna know something, I call,
was just in a podcast with Andy Schekman. I wanna know taxes, it's Tom Wheelwright.
It's a debt, it's Kenny McElroy. You know, you don't have to know that much,
as long as you carry your own, contribute. But hang out with people smarter than you. And the trouble with
professors, as we all know,
is they have to be the smartest. That's why they know so little. - Yeah. - I mean it's, it's just ironic how little
professors know.
But they have this PhD. And the biggest problem of all, is our central banks, the Fed,
is run primarily by a bunch of professors. This time it's an attorney, which is even worse.
A guy named Powell. But our economy's in a fricking mess. Now I'm not blaming this Fed,
'cause we've been in, we've been cruising for our bruising for years. I mean ever since they took the silver
out of silver coins in 1964, and Nixon took the gold out of the dollar in '71.
Ever since then, we've been running...
We'll buy you one of these. 20 years from now, be about 500 of these to buy one of these here.
- Right. - They can't do the math, George. They can't get the transfer. Say "Well, I'll wait till it's 500.
I go, "Okay, wait." But anyway, the way you get through school, and you get through life,
is you always have people who are just natively smarter than you. So I'm very honored to have George,
my friend here, he used to be my roommate in Scottsdale, Arizona. And he's my macro go-to guy.
And he's gonna talk about what's happening to this piece of toilet paper.
Still important, but it's still toilet paper. So before we go on, George, what does a balloon represent to you?
- Well, the balloon represents the financialization of the economy.
And so back in the good old days, the Wall Street, the stock market,
would be a representation of the overall economy. 'Cause you have the businesses in the economy, and if they
do better and better and better,
then of course the economy's doing well, and you would assume that their share price would increase.
Unfortunately, that's not the way it works anymore. And that's why I use the example, the balloon. The way a
healthy economy should work,
is the economy should be the balloon, and the stock market should be the basket.
So wherever the economy goes, so goes the, so goes the balloon, so goes the basket.
But now, we have the inverse relationship. So the balloon is actually the stock market,
and the basket is actually the economy. So wherever the stock market goes, there so goes the economy.
And it's a perverse setup. And unfortunately it's why, one of the many reasons why
the Fed has to make a lot of decisions, to prop up the stock market that might create economic distortions
in the real economy. And at some point, you're gonna have to pay the price for that.
And I think we may be getting to a point now in the United States, or within the next couple years,
where we're gonna have to pay the price for our economy being so financialized
and dependent upon asset prices, instead of being dependent on good old fashioned hard work and productivity.
- So what George is saying here, I covered here Rich Dad's prophecy. What happened in 2008, you know, the
banks, they,
the debt market collapsed. And so this came out in 2013. It says why the biggest stock market
crash in history is coming. Because exactly as George is saying, is in 2008, instead of fixing the problem,
they printed more money just to keep the stock market up. And what George has said it before in other
programs,
we're in everything bubble now. We're in bubble in the bond market, stock market, real estate market.
And it's hanging by this balloon right now. And then I wrote this book here, "Who stole my pension?" Now it's
near and dear to my heart, not George's,
but us old guys, we're the big boom generation's, the first generation with a 401K.
Prior to that, like the generation just before me, we had what's called, Defined Benefit Pension Plan.
So if they worked for Ford Motor Company, Ford Motor Company guaranteed their pension.
But what happened in 1974 in my generation, and Trump's generation, Biden is gone.
But anyway, we were the first people with a defined contribution pension plan, called the 401K or IRA,
and then Wall Street went to town looting our pensions. So when, when they,
today the stock market's down. What a surprise. And when they asked, I think 10,000 boomers are retiring
every single day here. That balloon's coming down. - Yeah. - That's why I wanna talk to George and all that.
And I highly wanna recommend you guys listen to George's "Rebel Capitalist Show," and all this,
because the balloon is coming down. So George, I'll let you take over for there,
'cause you know a lot more about it. And what should people be concerned about? Remember, please keep it
super simple.
And my job is to keep it super simple. - Well, what's interesting about where we are right now with the global
economy,
which is definitely gonna impact the United States, 'cause everything is so interconnected, is actually the value
of that
piece of toilet paper that you just had. Not necessarily relative to silver,
but relative to other pieces of toilet paper. So every country has their own piece of toilet paper.
We call, we call ours the "Dollar." (laughing) If you're in Germany, you call it the "Euro."
If you're in Japan, you call it the "Yen." So, what's important is not just to look at what the dollar
is doing relative to goods and services, or silver in the United States,
but it's also very important that we look at what the dollar is doing relative to other fiat currencies.
- Right. - So why- - One more thing, we just had Andy Schekman on. It's interesting that this ounce of gold
has a different price in the US than in China. And it just depends upon, again,
what George was talking about, the Fiat currency is, I think the panic is on right now,
'cause of China and all this. And so the value of gold in China, is more than America.
So it takes more Yuan than dollars to buy the same thing, same thing in Japan.
So that's why it's real interconnected, but we're all hanging by one big balloon.
- Yeah, yeah. And so the next step here, is we have to think about someone's debt, right?
So if you have a mortgage on your house, I think everyone can relate to that. Your mortgage, you have to pay
that back in dollars for Americans. That's the deal. You borrowed, let's say $500,000.
So every single month when you make your mortgage payment, let's just say it's 2,500 bucks or something.
You have to pay that back in dollars. You can't call up Wells Fargo and say,
"Hey, this month I'm gonna pay you in Japanese Yen." (laughing) That's not gonna fly. They want dollars.
And usually this isn't a problem, because most people's income,
who have a dollar denominated mortgage, let's say, their income is in dollars.
So the value of the dollar, it's not really relevant to them. But unfortunately, outside of the United States,
because the dollar is the global reserve currency, and it's used for let's say 60 or 70% of global settlement,
even between countries that don't involve the United States. So what you have is a lot of countries,
a lot of entities within countries, such as Japan, let's say, that have to borrow dollars,
but yet their income, their cashflow is in Japanese Yen.
So, what happens is when the dollar, that piece of toilet paper
goes up in value against the Yen, their piece of toilet paper,
all of a sudden the burden of their overall debt increases significantly.
And then you- - Because their Yen went down. - That's right. That's right. But so let's just assume for a moment,
that you have a mortgage in Japan, but your mortgage is in dollars.
So every single month you owe the bank $2,500. But what happens, is your income is in Yen.
So if the value of the dollar increases relative to the Yen, you need more Yen every single month
to pay your mortgage. See, you need more income. And if you don't have the income,
then you can't make your mortgage payment. You see, that's why the dollar going up against that other currency,
is so important.
Now you combine that Robert, with the fact that a Japan has to import the majority of its oil.
And what do they need to buy the oil? - Dollars. - They need dollars. So you get this double whammy,
where if the price of oil is going up on the global market, from let's say $65 to where it is today,
called '87 or so, especially with the invasion, or the terrorist attacks in Israel,
if that turns out to be, you know, heaven forbid, if that turns out to be another war, then that's most likely going
to
put more pressure on the price of oil, increase it. And that makes it very difficult for someone like Japan,
because they need more and more Yen to buy that barrel of oil, 'cause the dollar price is going up.
But on top of that, to add insult to injury, the value of their Yen is going down against the dollar.
So they need twice as much Yen in order to buy that one barrel of oil, which is absolutely crucial to their
economy.
- Can I add one more wild card to the whole thing? - Sure. - So back in 1990,
the Japanese stock market crashed. - So that was 1990, so that's what, 10, 20,
almost 25 years ago. The crash has not recovered yet.
- Yeah. - Do you know what I mean? And we're heading for a crash now. So, the possibility of a word
called depression looms all over the world. I mean, is that possible from a macro side, George?
- Absolutely. Yeah. And people, let's talk about oil for a minute. Because everyone knows that that's,
makes the gas prices go up most of the time. And we see that as inflationary,
meaning all prices will go up. But at a certain point, Robert, it's actually deflationary. Because if incomes aren't
going up
at the same pace as the gas prices, now all of a sudden you gotta rob Peter to pay Paul.
And if you don't, and so you're gonna have to not spend money on something else.
Okay? We got it. So you're gonna have to not spend money on something else, in order to put gas in your car,
because that's, we can't go without that. We have to get to work, we have to go get groceries, we have to pick
our kids up from school and whatnot.
- So I'll tell you, well, we'll leave with that right now. We we're going for a break. But when we come back, we
wanna talk about what can you do about it.
- Sure. - I mean, the reason I added Japan to the mix in 1990, the US stock market today is crashing.
And I kind of wrote it about it in this. I said... This book came in 2013.
And I said, the reason I could predict the crash, is because they're not gonna do anything different, George.
They're just gonna print money. - Yeah. - They're gonna print more of this stuff here. - Yeah. And let's, and
maybe after the break
we can talk about how the market can actually crash up. It doesn't have to crash down. - Yeah. So we don't
know which way it's gonna go here.
But that's what happens when you print fake money. It also, what happens when people think this,
and real gold are the same, you know. Let me give it again today.
George I'm sold old, at one time I was paying $50 an ounce for this silver. - Yeah. Yeah.
- Today, it's $30. It's a bargain. And guess what I just bought the other day?
An EV. I mean I shifted, and I'm an oil guy. I shifted it to an EV.
- Yeah? - And so what's that gonna do to the amount of silver? Do you know what I mean? - And copper. - And
people are still saving this here.
So my question to the fans before we take a break, if it takes 30 of these, to buy one of these in 2023,
how many of these will it take to buy one of these in 10 years?
- Yeah. - That's the question. And that's the question, George. 'Cause when I talk about, not that we have a direct
answer,
but the situation's fluid, things are changing with war in Israel, war in the, in the Russia and Ukraine.
- Ukraine. - And we have China, and China's lickin' it's chops over Taiwan.
So people who are saving this right now, they better pay attention to what George has to say next.
We'll be right back. (upbeat music) - Hi everyone, I'm Kim Kiyosaki,
co-host of "The Rich Dad Radio Show," and I wanna thank today's sponsor, our friends at Gold Alliance.
You know, we should all be concerned about high inflation, a looming recession, the very troubled banking
system,
and out of control spending in Washington. And the fact is, during every major crisis in US history,
many of those who failed to prepare, watched their savings, investments, and retirement funds plummet,
while others with the foresight to own gold, helped preserve their wealth and purchasing power.
Now we're facing several major crisises at once, and we may soon face even more economic turmoil.
So please don't wait. Consider gold, and put yourself on the road to financial peace of mind.
The new free 2023 gold guide from our friends at Gold Alliance can show you how.
Just visit www.freegoldguide.com/robert,
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Please visit freegoldguide.com/robert, or call now at 1-800-473-4585.
Thank you. - [Announcer 1] Feeling powerless over current events and your financial future?
Financial freedom is your freedom. Robert Kiyosaki is the bestselling author of "Rich Dad Poor Dad."
Over 40 million people have taken Robert's advice. Now it's your turn.
Attend Roberts free virtual wealth building event. Claim your free access now @richdadfree.com.
Don't wait. Access is limited. Go to richdadfree.com. That's richdad free.com. (upbeat music)
- Welcome back, Robert Kiyosaki, "The Rich Dad Radio Show." The good news and bad news about money.
Special guest today was my roommate.
We used to live next door together in Scottsdale, Arizona. And again, the balloon is his idea.
But we're also, "The Rich Dad Radio Show," is on Rich Dad Radio archive there.
So you can, you can ask your friends, family, and especially that stupid brother-in-law of yours, about money.
Because a lot of people think this is money here. This is called toilet paper. And our school system is still
teaching people
to save this, work hard for this and all this. And like I said, today it's the 2023.
It takes 35 of these to buy one of these. The question is, is in 10 years,
how many of these will it take to buy one of these? Which would you rather save, the silver or the dollar?
And most people still choose toilet paper. It makes no sense to me. So George Gammon, here's, I just introduced
him.
One of the lessons I learned from high school is, you don't have to be smart, as long as it's next to the smartest
people.
Now in school, that's called cheating. (laughing) Appellates call it "cooperation." - (George laughs) Yeah.
- George and I are cooperating today. A professor would call it cheating. But George is gonna explain
from a macro point of view, 'cause he's my go-to guy, what I wanna know, what's happening to that balloon up
there.
And today that balloon is one big global balloon. We're swinging right now. So what's happening, George?
- Well, that balloon has a lot to do with the amount of debt that we have, not only in the United States,
but in the global economy. And like we were saying earlier, a lot of that debt is denominated in dollars.
So, if the dollar goes up against other currencies, what, and the interesting thing here, Robert,
is the dollar can go down in value, against stuff that we buy.
You know, to your earlier point, it's toilet paper. You're much better off holding silver or gold,
as far as a store of value, because in 10 years, that piece of gold, or piece of silver can most likely
buy the same amount of stuff that it buys today. But when we look at currencies relative to one another,
then we have to ask a completely different question. You know, it's not whether the dollar is going up or down
versus silver,
but is the dollar going up or down against the Japanese Yen? That's what we talked about earlier. And
unfortunately, we're in a position right now
where the dollar's actually going up quite significantly against other currencies.
And this becomes a big problem for the global economy, because it makes it harder for them
to pay off their dollar denominated debt, because their cashflow is in a currency
that is losing value. So, we're- - In Japan, it's a Yen
losing value. - That's right. - That's getting more expensive on the Japanese people. - The Wan it's the euro, it's
the,
it's the Pound Sterling. I mean Israel as an example, due to their issues over the weekend,
their currency dropped by like two or 3% just in one day, and their, relative to the dollar.
And their central bank had to come in and intervene, by selling dollars to buy back their currencies
to artificially prop it up, because that would be a huge, huge problem for them.
So we're seeing the dollar go up, and up, and up, and up, and up. Not against goods and services in the US,
it's going down. But against other currencies going up. And most of your viewers will probably
remember the mid 1980's, we had something called the "Plaza Accord." And the Plaza Accord in 1985,
was a result of the dollar getting too expensive relative to other currencies. So the global superpowers had to
come in and intervene to actually drop the value of the dollar down by 50%,
or else the global economy would've imploded. And right now we're getting close to a point,
where the central planners could have to intervene. And I know it sounds extremely counterintuitive,
but over the short term, they may have to intervene to bring the value of the dollar back down to a level that
won't
cause significant problems for the global economy. - Wow. (clears throat) And one more thing is,
Andy Schekman always talks about it. If we shift to another currency,
or whatever they talk about, is that there's hyperinflation. 'Cause the dollars will come rushing back to America.
And people think hyperinflation means prices go up. Hyperinflation means the value of the dollar goes down.
And that's what sometimes is hard to comprehend. They say, "Well this, this thing has gone up in value."
No, the dollar has come down. - Yeah. - And that's why, that's why I turned to George, because a lot of things
don't appear
as they seem initially, you know what I mean? It's not going up, something else is coming down relative to it.
- And what's weird, is the dollar can go down very quickly against stuff in the United States.
I mean, a good example, Robert, would be just a year ago, we were at 9% inflation.
And that's what the government admits to, you know. Now it's down to 3.5, call it. But we were almost at
double digit levels
of inflation in the United States. That means the value of the dollar is going down. And it's going down very,
very quickly.
But at the same time, what did the value of the dollar do relative to other currencies? - Went up. It went up.
- So you- - But that's why, if I could explain that to you, that's why I want you to listen to George Gammon,
"The Rebel Capitalist Show" all the time,
because I sit there listening to him and going, my brain twists into knots,
but at least I can unravel it a couple of days later. It doesn't make sense. It's counterintuitive most of the time.
Things are getting expensive, not because the property's getting expensive, the dollar's coming down.
So you work harder for this. - Yeah. - This is going down in purchasing power, so you work harder for this,
and you save more of this. That's why the poor are getting poorer. (chuckling)
- Well, yeah, that's one main reason, because they save that. And if your expenses are denominated in dollars,
which most people are that are listening to this show, that's where the value of that dollar is really going down.
And it's gone down very quickly. And to your point, it'll most likely continue to go down into the future.
You know, I think that this decade, the 2020's, is going to be an inflationary decade overall.
So the other inflationary decades that most of us are familiar with, are the 1940's, and the 1970's.
But the inflation in those decades, didn't go up in a straight line. It never does.
It never goes from 2%, to 10%, to 20%, to 30%.
That doesn't happen. What happens is it goes from 2%, to 9%, to 3%, back up to 12%,
down to 7%, back up to 15%. You just look at the 1940's.
As an example, 1947 Robert, the inflation rate in the United States was 19%,
one nine percent. And two years later it was negative two. Two percent deflation.
So it's, and even in the 1970's, you see the inflation go up, it comes down, it's basically this rollercoaster ride
constantly.
So I think that right now, obviously we're in a down cycle in the amount of inflation, we're a disinflation.
And if we have a significant recession, which is what the yield curve is predicting, the bond market, going into
2024,
you could even see deflation. But then what happens next? That's the question. Well then the central planners
come in,
and they have to keep that balloon elevated. - Would you explain, what was that term? - The inverse relationship
between
the interest rate and the bond prices? - What does that mean? - Yeah, so with interest, or with bond price, like
treasuries,
when we see the yield going up, the price is going down. There's an inverse relationship between the two.
So, with the CPI, you know, that's- - Consumer price index.
- Yeah, that's right. It's going up and down. It's kind of like a rollercoaster ride. But I think the 2020's, overall
when we look back,
when we're at 2030's, we look back in the 2020's, we'll say, "Okay, yes, that was overall an inflationary decade.
But my point is, in the short term, you can have this disinflation, you can have maybe even deflation, like we
saw in 2009,
when you have a big financial bust. But then the question becomes, "Well what do the central planners do to
prop up that balloon, that hot air balloon?"
Because the US economy is built on asset prices, unfortunately, that's where we are because of that
financialization.
So they have to keep that balloon elevated. So in order to do that, to your point,
they're going to deficit spend a lot. There's gonna be a repeat likely, of what we saw in 2020,
when M2 money supply goes up by 25%, they take money from savings, they sell treasuries,
and then they send that money out in stimulus or universal basic income. They basically take money from
savings
and turn it into checking. So the velocity of money goes higher. So my point is, even if in the next six months,
we have more disinflation or even deflation after that, the response to that crisis will likely
take us to that next wave of consumer price inflation, just like we saw in the 1970's,
just like we saw in the 1940's. - So do you expect global inflation,
or just US inflation? - I would, yes. I would say that the 2020's
will be an inflationary decade for the entire global economy, similar to what we saw in the 1970's.
- What really disturbs me is, when Biden got elected in 2020,
his first act was to cut off the Keystone XL Pipeline. So that's a pipeline ran
from Canada to the Gulf of Mexico. - Right. - The moment he cut it, and I'm an oil guy, I went to school for oil,
I worked for Standard Oil. So when he cut that pipeline, I knew exactly what he was doing at that moment.
(clears throat) I was selling, I have oil wells in North Dakota and Texas.
And the moment he cut that pipeline, my oil prices went from $30 a barrel to 130.
And what does oil, civilization runs on oil. - Yeah. - So I knew immediately
what Biden was doing for ESG, for the greenies, environmental social governance.
He was cutting off oil, but he was driving inflation higher. When he drove inflation higher,
the banks went, "Oh my god." And they, their bonds... So Powell, the Fed started raising interest rates.
When they raised interest rates, it damaged the bonds inside the banks. Am I correct with that?
- Yeah. Because the interest rates, to your point, went up- - Yeah. - And therefore the prices of those bonds went
down.
So if the banks were forced to sell the bonds, which they were because they had deposit flight,
then all of a sudden they hate, they take a haircut on that, and their equity goes down to zero, they go bust.
- So Biden directly has set up a banking failure. And I think, I don't think it's a mistake,
you know what I mean? I mean, you cut the pipeline off, oil costs 'em 30 to 130,
guys like me get richer, so Powell raises interest rates, the Fed raises interest rates,
it destroys the banks, because their banks, their treasuries go down in value,
and we're in serious trouble right now. I think they knew what they were doing. I mean, you know, I hate to be
tinfoil hat conspiracy guy, but you just watch, you cut the price of oil, what's gonna happen?
I mean, cut off the pipeline, supply of oil. Now we have war all over the place for oil again.
What's gonna happen, George? And we're in that balloon swinging right now? - But also think about that
in terms of the dollar, Robert. So you increase interest rates, so there are a lot of foreign countries
that actually hold those treasuries, just like Silicon Valley Bank. So those foreign countries
have to take a haircut on their bonds. Well happens if their currency goes down?
They have to sell the bonds to get the dollars they need to buy the oil, or to buy the commodities, but they're
selling them at a massive haircut.
So when you're sitting there talking about how maybe this was intentional, to make the banks go bust,
I think you could also think about how that may have been intentional, to really stick it to our enemies, so to
speak.
You know, if you wanna look at Russia, or China, or Saudi Arabia, if you really wanted to hurt their economy
without going to,
you know, a hot war with them, you would raise interest rates to increase the value of the dollar, to make them
sell their treasuries at a big loss.
And then continue to have to scramble around to try to find those dollars as it appreciates in value because
the Fed is raising interest rates while other central banks are cutting interest rates. So I don't, and I don't think
that's tinfoil hattish.
I mean if you just, you know, what would you do if you were in the administration? - If I can figure it out,
George,
if I can figure it out, they can figure it out. You know what I mean? - Exactly. Or another way to look at it is,
why would they not do that?
Like if you're trying to keep China out of Taiwan, why would you not want to make it
as difficult for them as possible financially? And the way that you do that is increase rates, and increase the
value of the dollar
relative to their currency, not relative to goods and services in the United States. - Anyway, (knocks on desk) it's
a Black Swann time, George.
- Yeah. - So any good, any words of wisdom for my listeners here?
- Yeah, you just wanna, in times of Black Swann, whether it's the dollar going up, or crashing down, or any, you
know, time,
who knows World War III, we could be on the brink of that. What you wanna own is you wanna own an asset
that has no counterparty risk, right Robert? And we talked about those green...
And not only that, but let's think about it. Most people that own toilet paper, they don't even own the physical
toilet paper.
They own the electronic toilet paper that's a liability of their bank, that we know can go bust. It's even worse,
right?
So for heaven's sakes, if you don't own some, if you don't have a portion of your net worth
that's in an asset that has no counterparty risk, and obviously what I'm talking about there is gold, Bitcoin,
maybe, you know,
silver, or something like that. And this kind of toilet paper. 'Cause I actually do own a lot of real toilet paper,
George.
'Cause there's no counterparty risk to it. And I'm so full of shit, I'll probably use it. (both laugh)
- Ah, that's good. - So the best investment- - I think that's the main takeaway for the audience, own (indistinct)
risk.
- They'll say from George Gammon and Robert Kiyosaki, your best investment is get some charming, Charmin
toilet paper. (George laughs)
No counterparty risk. Get it while you can. (Robert laughs) - Yeah. - Hey George,
thanks for the years and years of friendship and wisdom. I appreciate it. And then follow your listening,
we'll be right back with a final wrap up on "The Rich Dad Radio Show." So George, thank you.
- Thank you, my friend. Semper Fi. - Semper Fi. (upbeat music)
Oh hello, hello. Once again, thanks to George Gammon. He shared the office next to us
in Old Town Scottsdale, Arizona. And I think we've hit the investment idea of the future.
Stock up on toilet paper. Not this kind of paper, because toilet paper will always have value,
there's no counterparty risk to it. But please ask your friends. The reason we have it,
go to richdadradio.com, or "Rich Dad TV," whatever you call it now. Have your friends and family listen to it,
discuss it.
The more you discuss it, the more you'll understand about it. 'Cause this is a fairly complex subject, macro
economics.
So please study it. The more you understand it, the better chances of survival we have. I hate to be a pessimist,
but we're on the eve of destruction right now. We cannot keep pushing the can forward,
or keep asking people to take toilet paper. So once again, thanks for listening to the "Rich Chat Radio Show"
and all the best to you. Thank you. (upbeat music)
- [Announcer 2] This podcast is a presentation of Rich Dad Media Network.

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