Emphasizing the significance of economic schooling and preparedness, “Wealthy Dad Poor Dad” writer Robert Kiyosaki expressed considerations concerning the present monetary system and societal constructions within the U.S. in a YouTube video titled “Robert Kiyosaki Exposes The System That Keeps You Poor & The Downfall of The USA.”
Within the video, interviewer Rob Moore requested Kiyosaki, “Is the cash system rigged?” Kiyosaki replied, “You need to get me in hassle, don’t you.”
He then elaborated, saying, “We’re on the finish of an empire proper now. It’s the finish; it’s the tip of this, and all empires at all times come to an finish.”
He offered historic examples to assist his viewpoint, mentioning the Roman and Greek empires, and noting that the earliest Chinese language civilizations have been the primary to make use of paper cash. Kiyosaki concludes by asserting that what’s being witnessed at present is akin to the tip of the American Empire, suggesting that this era is fraught with hazard.
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He mentioned the shift in 1964 when cash within the U.S. modified composition, indicating a deviation from backed foreign money to fiat foreign money, which he correlated with the downfall of empires.
Kiyosaki underscored the need of economic literacy and preparedness, urging the viewers to contemplate the ramifications of the factors he raised. He expressed concern about wealth disparity and its potential fallout, saying, “We’re witnessing what could possibly be the tip of an empire if we don’t deal with these points.” Kiyosaki did not predict doomsday however pressured the significance of being financially educated and versatile in instances of uncertainty.
He maintained a balanced strategy all through the video, steering away from sensationalism and alarmist rhetoric. As an alternative, Kiyosaki requested viewers to ponder the financial challenges forward and techniques for safeguarding their monetary futures.
Kiyosaki touched on the function of debt in wealth creation, contrasting the views of common individuals with these of actual property traders like himself and former President Donald Trump. He identified how leveraging debt has facilitated wealth accumulation for some, whereas others, adhering to conventional monetary recommendation, discover themselves struggling.
Addressing international points, Kiyosaki mirrored on the geopolitical tensions and the shifts within the international financial panorama, together with the rise of China and the potential penalties of the U.S. dropping its standing as a dominant financial energy.
The video additionally contains Kiyosaki’s anecdotes and opinions on matters starting from sports activities to politics. He emphasised the significance of understanding the altering nature of cash and investing in property like gold and silver as a substitute of relying solely on fiat foreign money.
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This text ‘Rich Dad Poor Dad’s’ Robert Kiyosaki Predicts Collapse Of The US Financial System — ‘We’re At The End Of An Empire. All Empires Always Come To An End’ initially appeared on Benzinga.com
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