-- Published: Friday, 7 October 2016 | Print | Disqus
Summary
Robert Kiyoaski returns to the show, America's 'Rich Dad' predicted a major financial crash in 2016, which has been delayed by policymaker programs.
Toxic debt purchases and negative interest rates are the most profound indication of economic stress.
Pension plans that based future payouts on high rates, not zero or negative rates, could shortchange many pensioners.
Robert Kiyosaki has stockpiled millions in the yellow metal as a hedge against runaway money printing schemes.
To say our guest distrusts paper assets is an understatement, "Bonds are the riskiest asset today," gold and silver are his favorite alternatives.
Robert Kiyoaski returns to the show, America's 'Rich Dad' predicted a major financial crash in 2016, which has been delayed by policymaker programs, such as toxic debt purchases and negative interest rates, the most profound indication of economic stress. As a result, pension plans that based future payouts on high rates, not zero or negative rates, could shortchange many pensioners. Robert Kiyosaki has stockpiled millions in the yellow metal as a hedge against runaway money printing schemes. To say our guest distrusts paper assets is an understatement, "Bonds are the riskiest asset today," gold and silver are his favorite alternatives.
The Rich Dad book series author also penned two books with Presidential candidate, Donald Trump:, Why We Want You to Be Rich and The Midas Touch meant to guide the middle and working classes to prosperity. The discussion includes comments from the former Fed Chairman, Alan Greenspan, who noted in a recent TV interview that the US could face martial law, in similar fashion as Venezuela, formerly the economic powerhouse of South America. The $700 million to $3 trillion spent to bailout the US financial system in 2008-2009 Credit Crisis was sufficient to payoff the mortgage debt of the 10 million US foreclosures with money left over - instead it was directed to the financial system, primarily to the benefit of shareholders / bondholders. Our guest refers to the system as a kleptocracy, which takes from the poor and gives to the wealthy, a reverse Robin Hood system. Robert Kiyosaki underscores how the "Magic of compound interest," no longer works, when rates are near or below zero.
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