ROBERT KIYOSAKI PREDICTS THE NEXT FINANCIAL CRISIS
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- เผยแพร่เมื่อ 14 ก.ค. 2024
- Find out what central bankers and politicians plan to do after the next financial crash. Jim Rickards, author of “The Road to Ruin,” joins Robert and Kim and offers a clear-eyed view of how the next collapse will unfold and what you can do to preserve your wealth. Rickards has worked inside Wall St. and consulted at the highest levels of government. His insights are illuminating and rooted in social science and economic history.
www.richdad.com
Facebook: @RobertKiyosaki
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Twitter: @TheRealKiyosaki
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Instagram: @TheRealKiyosaki
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47 central bankers and politicians gave this video a thumbs down.The rest of us loved it. Kiyosaki and Rickards together, enough said.
I bought The New Case for Gold at the Mall of America recently. Easy reading and factual!
I'm glad you did!
This was one of Jim's best interviews!!
Thanks for the excellent video and advice as always Robert, and Kim.
🙏🏻Thank you Sensei🙏🏻
In 1998 I had an employer who wanted to swap our pension plan into a 401k. My first question at the meeting was ,what is your Tax incentive to make this change. His response didn’t answer the question, instead he pointed out the potential gain. I rebutted him by requesting the term potential loss or gain. So I was getting a few people on my crew putting me down for asking that question. I said to them anytime my pension is up for grabs I wanna know who guarantees my future. Anyway I simply stated at a later personal meeting with my employer. That if the company made the choice to swap to 401k’s I was leaving for greener pastures. He said he was moving forward with the swap. I said ok I am putting in my 2 week notice today. And I want my pension in a check then. After that the next 2 employers I had over 16 years. Also offered 401’s I never got involved with even when they tired to force me into it with my last employer. 401k’s will be directly effected by Stockmarket failure in the very near future.
Very smart man you are.
Great to have Rickards on. Thanks, Robert, for all your hard work and eagerness to educate average investors like me!
Thank you for your comment!
Anyone else still wants to invest in 401k after hearing this? I'd like to hear a podcast on 401k, student debt, and what to do. Thanks Robert!
That's a great Idea George, I have a previous podcast on my TH-cam channel but I will consider creating a new one.
Very Informative :-)
Thank you for your comment
thank you for this valuable update
thank you for your comment! I am glad you enjoyed it.
Bonjour mr kiyosaki je vous ai choisis pour uniquement s occuoer personnellement de mes investissement pour ne pas faire des erreurs. Vous Jim Rickards aussi Brian Rose je crois etre en bonne main bien guide
Quand j ai vu pour la premiere fois grace a RICH DAD POOR DAD je me suis dis voici ton histoire voici pourquoi je l ai choisis comme model plein de misere qu il a connu j ai vecu pire
Merci pour aujordui
I seem to be asked this more and more as of late.
No crash is coming right yet.
1) Interest is still FAR lower than historical average.
2) Payments in 6-17 is much LESS than in 6-2007.
3) Ave prices are still below the 2007 highs in most of the country.
4) Builders have been constructing LESS than whats needed to maintain the market.
5) Increase of population continues
6) Lenders due to Dodd-Frank have been VERY strict in giving out loans
7) Home ownership is close to record LOWS
8) Inflation has increased prices of building materials
9) Wages have increased- and labor to build homes
10) Supply shortages abound almost everywhere in the country
11) Shortage of skilled labor for construction
12) Pent up demand from the lack of buying during the last decade
13) Gen Xers and millennials are beginning to move out of parents homes. This group has the lowest % of home ownership
14) As the economy continues to strengthen, apartment dwellers are looking to buy
15) We see an increase of family formation. Young families have a huge home buyer motivation.
Prices HAVE increased since the crash of 2007-2010. But I sure don't see the next crash is coming any time soon. I do feel some prudence is wise however. If you are in the interior of the country, get a 15 year fixed rate loan. In California you would need a 30 year loan to be able to afford the payments.
Also PLEASE NOTE: Don't go above your means. Don't get a loan at the maximum you can afford. Keep some reserves so you aren't pushing your finances to the limit.
Home ownership is expensive and doesn't make any money. But think of it as a savings account. Over time, the loan gets paid down and with proper maintenance the value should increase over time.
I am a Commercial Realtor in CA and TX and been a real estate investor for 30 years.
+Randal nice list and tx for the honest disclosure. But you are pretty much talking about Real Estate making it look like there is no asset over-heating. May be not in housing (although I disagree with you in other ways) there is a clear over-heating in the stock market.
Now markets don't use a formula to decide a point at which they will crash. In an over-heated market when people are speculating recklessly any (un)expected event can become an excuse for selling - and then it becomes a viscous cycle. In fact, from what I see a lot of institutional money is out of the market already. It is the mom and pop retail guys that are still in and will be left holding the bag when it all comes crashing.
As for your homes theory, yes home values are not high if we go your points. But most new jobs being created are no where near the kind you would see in a healthy economy. All the part-time jobs and waiter jobs are not good enough to buy a home even at the median price. Home prices would have fallen further if not for all the Chinese money propping it up in all the major cities. Would that explain why prices are still recovering in areas outside of the metros? Oh btw all that money in China is the net result of the Fed printing press - which the too big to fail banks pumped into the emerging markets, instead of lending it state side.
To conclude we are in a asset minus RE bubble. I cannot time it, but it has to come down. Stock prices have no correlation to earnings. How long will this last? And when it all comes down and more people lose jobs, you better count on the Chinese to prop up the hosing market.
I still don't see "a crash" coming. That said, I also sold all my stocks last year as the continued record highs began to look scary....
@@RandalColling march 2019. And you seem to have been right about the crash....
September 2019: a dire future outlook. Prepare yourself.
Thanks for the real education !
I would love for you to cover Business Metrics and how to determine which ones are important for the type of business you're in and how to find the most important ones to focus on for the type of business you practice.
Plunge protection team was around in 2008-2009 but couldn't stop the crash. Now any time markets in the red they get to work.
I just want to thank my rich dad Robert, you have really changed my live and many others positively,
I'd love to hear more on what precise steps to take after a currency collapse. If currency is worthless, how do you buy real estate with silver or gold? If hyperinflation hits, what do you use to buy back into the markets when they are bottomed out. What are the specific, practical steps to take in order to not just survive a financial crisis, but actually profit on the recovery. I'm interested in financial techniqes, not 'prepper survival techniques' of food storage and ammo...
I love your interest and your questions are very important. Most questions are addressed on other videos on The Rich Dad Channel and if you would like further information visit www.richdad.com
two of my favs!
Hello Rich Dad company. Just wanted to let you know that you have changed my mindset forover at only the age of 16. 1 year ago when I was 15 i started reading rich dad poor dad and it completely changed my mindset about money. So far i've read all of robert's books plus some of his advisors books including; Tax free wealth, Andy Tanner's book about stock investing for cashflow, and also Garret's book about asset protection. I've watched all of the seminars and all of the youtube videoes not to mention I've played the cashflow game at least 100-150 times. Without you I would probably have gone on to become and E or S but now I know for sure that i'm going to be in the B and I quadrant. Plus who wanna pay taxes anyway?
With best regards
Daniel, Denmark
Crash is soon? 2 years on from this clip and hadn't happened yet. Every 7 to 9 years? WRONG.
Well its heppening now
Rich dad poor dad changed my life, now this just reaffirms that there is no other way to live. To be poor is a crime.
Hello ,
Enjoying your shows. Wish i would have learned about money 20 years ago.
My question is with the crash coming many are trying to preserve and protect what they have. But will this also open chances for those that are currently poor to get ahead as everyone will be in panic except those that are use to being poor.
What kind of opportunity's can be leveraged after ?
Family and friends don't listen. You can talk until your blue in the face.
yeah, i gave up on that. They just have a blank look and say buy guns
Just finished reading Rich Dad's Guide to Investing; also read a stack of your other books. Well, needless to say, I feel that I have wasted 10 years of my education, I went all the way to PhD. 5 years of my young career is looking pretty miserable path right now.
Try to transform that negativity into a positive mindset to motivate you.
johnny walker Hello Johnny could you tell me who was the 5 phone calls was to?
What you did is impressive
W H better late then never! Now stfu and put in work! Everyday is blessing don’t take it for granted.
Love both of these guys they're books are wonderful and great reads don't be a sheep know the game to keep people poor. BE RICH there is nobility in poverty. You can HELP more people by being RICH.
looking to know about binary options trading
Just curious as to why Robert and Jim don't recommend the Karatbars system to average people as a way to acquire physical gold? Do they just not know about it or have they not really talked to anyone who can explain how it works?
Hello how are you guys doing. i would like to know what a person should do if they are in a bad personal financial situation? There is okay money coming in but recent life changes has caused the income to be stretched to the limit how do you turn negative events into positive results? Thanks for your advice and your time
Thank you for your comment. You could watch more individuals and receive financial education to address your current situation!
I listen to yourself robert, Jim Rogers, Jim Rickards, Victor Sperandeo, John Williams, Jim Sinclair, Peter Schiff, Lynette Zang, Doug Casey, Gerald Celente, Rob Kirby, Bill Holter, Mike Maloney, Robert Weidemer, and politicians like Ron Paul & Gary Johnson are the individuals I have personally listened to. Am I in good company Robert, and is there anyone else you would recommend? Cheers
You might contact Crown Financial Ministries or Dave Ramsey, both online financial education sources with a big heart folks getting swamped like you. Both can hook you up with a coach.
Focus on providing solutions to others and plug into system which allows you to start earning without big investment up front, help enough people get what they want and in the process you get what you want, connect with me on Facebook and we can chat more- Bobbie Pawlucka
Great listens guys, what would u say if u had money in gold and silver mining stocks, are these investments good?
Don't lesson to predictors! Just make your decision by your own! Robert was predicting the market collapse in 2016 since 2008 but, it not only didn't happen but rose over 25%
You're looking too short-term. 1929, '08, '17 crypto: all were all-time highs in the market.
If we could know specifically what we could do about it
Paul there are many things to do but the answer varies depending on each individual. If you would like to seek more information subscribe to our channel and watch more videos!
We are pretty much a cashless society how ever I think that cryptocurrency or digital currency is going to be the new way of payment and currency with that said I also think it's an easier way for governments to track and take more money from the small guy. Possibly we will have a global crypto currency that will be backed by gold but this is just speculation on my end. I do how ever wish I would have gotten into bitcoin in the very beginning when my friend told me too and I liked it but procrastinated getting into it.
Can you advise as to where I can buy legit, physical gold? @TheRichDadChannel
OK so how in the world, do I translate a bunch of gold and valuable metals into purchasing power?
How do you invest in water ?
I'd like to start buying rental properties, but with the hot market and high prices of real estate, would it be better to wait until the crash hits to buy low?
Daniel, I suggest watching more of our videos and going to www.richdad.com so you can find better tools to help you make a well rounded decision!
Daniel Ahlbrand no why wait I bought houses in 2004 2006 2007 2008 and 2012 I have all of them producing money .
I know what you mean Daniel me and my husband want to buy rental houses as well but with prices on property and taxes being way too high, also the fact most average people nowaday's are making minimum wage makes it impossible to invest in property. I believe waiting til after crash happens will be better. Trust me I am ready to get started now but I don't want to be in a major set of investments when everything is about to crash. No exactly how you feel.
I appreciate your advice but you said you bought housed in 2004, 2006, 2007, 2008, and 2012. This is 2017 prices on property today are just too outrageous. I and my husband like most people are only making minimum wage thanks to all the freeloaders wanting free stuff, this is why prices on property and taxes are way too high. I wouldn't be confidant making only minimum wage borrowing a huge amount of money I wouldn't be sure we could pay that back unless we both got 1 or 2 extra jobs but we would never have time to fool with our investments working several jobs. The reason we'll be waiting after everything crashes is we don't want to get into property and all of the sudden everything crashes down hard we both have a child and can't afford to live in our car because of buying at the wrong time. Trust me we really are eager to get started. But when you live in a state like Louisiana where their is too much welfare and you pay outragious taxes for owning a business makes it very difficult to get started. When the crash happens we are getting started where don't have to worry about a crash coming because it already happened.
Daniel Ahlbrand No start asap. Prices are rising slowly and will keep going up. Unless you wait till 2022 or longer till market comes down again. Remember it's la cycle
magnum3579 All the best !
Honestly, Goodluck everyone. May God be with us all!
thank you for watching our video!
The
Well, if you invest in agriculture, mining & education, God will definitely be with you mate !
Small Wallet : buy fresh food from local farmers only, save money in silver only no cash & collect practical books.
Big Wallet : buy farmlands in different regions, exploit third world mines & build private schools in the country side.
Amin Zin So are you confirming that Americans exploit third world countries rite? Is that the reason many third world countries hate Americans....
+buentaste
Many "third world" countries are called like that BECAUSE westerners didn't exploit their skills long enough.
Regions free from european influence are without infrastructure, transportation, building materials or Tools.
They build mud houses, when infected they die & if they desire something, they become pirates to steal it...
Greatest guest
Thank you, he is a very intelligent man.
I'm finishing up his last book now "Road to Ruin". I'll have read all 5 including the one that he doesn't sell publicly "The Big Drop". It was part of his news letter promotion. Currency Wars, Death of Money, The NEW case for Gold.
Smart as they get. THE BIG DROP book of his www.amazon.com/Big-Drop-Wealth-During-Collapse/dp/B00V2YQMOQ/ref=sr_1_1?ie=UTF8&qid=1495729683&sr=8-1&keywords=the+big+drop
All those books provide great insight. We are happy you are well informed!
It all started for me with Rich Dad Poor Dad in 2009. One of my favorite books is Rich Dad Prophecy. ERISA 1974 is still a ticking time bomb
it's easy to say another crash is coming which is obvious as recessions historically happen every 7-10 years on average. What nobody seems to tell us is how we can avoid being hit hard
Hey Leon, Of course we want you to be prepared! All of our videos gives your parts of the puzzle of how you should prepare yourself so you can put together your own puzzle according to your lifestyle!
That's very true
Buy Silver & Gold...........simple
Now if the banks shut down and I cant get my money out. Does that also mean I cant or dont need pay it back the money I owe it?
great question!
Interesting.. But why would any rich person need a credit card??
Hello! Have you tried looking at our other videos? It explains why !
interests10 Leverage , using other's money and debt
This is Great info but how does the average joe with $10000 go buy gold and silver? Which companies are the Best? Can I walk in a bank and say I want 5000 worth of silver bars and 5000 worth of gold bars?
I had the same reservations too. Bought from a reputable dealer online. Started with only 185$ first purchase, and now at $9,400 so far. 1/2 generic no name silver bars, 1/2 in govt silver coins; lately only 1/10 oz small gold coins.
Go to a bullion dealer if you want the best prices. Go to dealers if anonymity is more important.
OPINIONS REQEUSTED FROM EVERYONE: In relation to buying Gold/Silver as a hedge against the coming economic collapse/hyperinflation .....
(1) if one has a stash of physical Gold/Silver: when the time comes for a reset/ new currency conversion, where would one typically go to do this? your average bank does not convert Gold/Silver into currency do they? (2) If one has a mortgage/loan of say $200,000, can this be LEGALLY/FORCIBLY converted into a new currency .... OR ..... if say Gold went to $50,000 an oz could you in theory insist you pay off your loan off by converting say 4 Krugerrands? Many thanks
We know we shouldn't do exactly what you do, but, it would be nice to try to answer the questions from listeners with actual advice and tips. Geez...
1/3 1/3 1/3 ... I get it, but if you have land, property and an outstanding loan should the loan be paid down or is it best to borrow even more to buy gold ?
Have you tried listening to our other shows? Just so you can make an informative decision based on your own lifestyle!
Just a few so far since I just discovered the show. And one specifically I should look at ? Please link.
I am happy to hear that you joined our community. Don't forget to subscribe so you can be updated whenever new information is uploaded. However, all the videos will provide valuable information to you depending on your lifestyle. I recommend listening to them on your free time.
how to buy physical gold
Go to goldsilver.com also watch “Hidden Secrets of Money “ by mike Maloney’s (10 part series)
What would be your advice for working class people to make more money? All the advice from this author seems to be for people who already have money but not for people to get money.
I have other videos on my TH-cam channel to help assist beginners. Also, I have more information on my website www.richdad.com/
What about silver? Will silver be a store of wealth or even a profit-earner?
yes silver is a store of wealth and yes you can profit from it but thats not why you buy both metals you buy to save for the long term just like gold its been used as money and a store of wealth in some cases longer then gold thats over 5000 years when some one is talking about gold they are talking about silver its like left and right, up or down, wrong or right, happy or sad so when you hear gold think silver stack away my friend its the best way to save money and hell its a lot of fun :)
keep on watching our videos to learn about both silver and gold!
Nope, way to abundant and simply a byproduct of mining.
TheInvisibleOne
Don't worry Kiyosaki, after predicting the market wrong for so many years eventually you'll get it right.
Dib Diban even a broken clock is right twice a day
There is no way gold will go to $10,000. It will lose the majority of it's market share to Bitcoin. Bitcoin is a million times better as a store of value than gold or silver
love this channel you guys are awesome! but I have a question ? if you only made 30,000. a year and had no debts and only a 500 dollar rent payment what would you do with that 30,000 to make it into a 100,000 or just maybe double it?
I know there is no secret formula to being rich but im 20 and im wanting to know how to have the best most amazing start financially that I can possibility have thanks for all the advice guys
I understand how another financial crash will affect the stock market...How would another financial crash affect real estate?
For smaller investors...
If you continue to watch more videos and seek information on www.richdad.com you will find your answer!
Ezekiel 7:19 They shall cast their silver in the streets, and their gold shall be as an unclean thing; their silver and their gold shall not be able to deliver them in the day of the wrath of the LORD; they shall not satisfy their souls, neither fill their bowels; because it hath been the stumblingblock of their iniquity.
Great podcast and no disrespect but please stop clicking the candy you are sucking on in the microphone thank you
Hello How are you guys? i want to know if network marketing is a good choice for financial freedom, because many people believe and think its a scam! thank you!
Watch our videos to learn more about network marketing! If you have any other questions please feel free to let me know
Miguel Horna xxx g
KaratBars-Got Gold Network let me alone!
maybe knock down to $1000.that will break world economy. That's when they come in with their trucks. to buy up every tangible accetts. I am looking for a Lamborghini!
I bought the book in audio and it’s bad
45:31. Vote for Hillary, Robert? Why? I sincerely would like to hear good logic.
Soon GOLD...SILVER...MONEY will be worth nothing #LastDayz
Ezekiel 7:19 They will throw their silver idols into the streets. They will treat their gold statues like dirty rags, because those things will not be able to save them when the Lord shows his anger. Those things were nothing but a trap that caused the people to fall. They will not give food to the people or put food in their bellies.
Stop with the stupid interruptions! So frigging frustrating. I can't listen to this podcast 2 or 3 times when I lose my mind every time you interrupt the guy with your sales pitches in the middle of the podcast!
Human Race is Fixed!!!
Not to Prevent Strong From Winning
but to Prevent Weak From Loosing. [Mindset]
Yo Agradesco Mi Salud
Yo Agradesco El Entendimiento
KTS_UTS_STS
What a honor to listen to your radio show and one of the BEST guests ever, thank you.
We are part of a movement with the best simplest way for average people to acquire physical gold, but we struggle to get people to listen to what you experts say. It sounds like you guys have the same problem even with the supposedly financially minded.
Robert K. Book 2016 was WRONG...Keep buying his Books every year for next 25...LOL
Conspiracy theories? Really? C'mon Robert do better. This vid didn't age well like the other 10,000 econ-apocalypse ones over the decades.
World is going crypto
If you had invested 10 dollars in Bitcoin 7 years ago you would have between 8-9million dollars. Rich dad didn't tell you this bebecause that ten dollars could be put towards one of his useless books.
If you're interested in cryptocurrencies you could take a look at our newest podcast th-cam.com/video/I4eVuxQXXBs/w-d-xo.html
daniel chung
blablablabla... I hear this xxx since already 9 yrs. Always the same arguments. All they want is to sell their books. blablabla, why didnt they tell us, that silver would fall -70% since 2011 ? Loss, loss, loss who heard to them...