🎦The Pandemic and the Return of Inflation 🎦Rich Dad Radio Show 2022

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This is the Rich Dad radio show the good News and bad news about money here’s Robert Kiyosaki hello hello Robert Kiyosaki the Rich Dad radio show the Good news and bad news about money today We have a very special guest somebody You know my friend George Gammon Recommended but he didn’t have to Recommend me I I just found out that Georgia and Lynn Alden worked together The co-op on things like this so uh it’s Very it’s outstanding I’ve been Following lymph I don’t know how long Now but man she’s smart I mean it is Just amazing so George and I were Laughing at the night because George Didn’t do well in school and neither did I I flunked out twice Um my sophomore year and my senior year Because I can’t write and it wasn’t that I couldn’t write the teacher didn’t like What I was writing you know I’ll dare You criticize the teacher I said the Teacher was an idiot so she gave me an F For some reason But I went to my high school reunion you Know dark in the Dark Ages and I took my Wife Kim And I walked up to um Latin woman named Sylvia she was a And I went up to Sylvia and I said hey Kim this is Sylvia this is the girl I Sat through all the way through High

School And I said without Sylvia I would never I would have flunked out completely And uh Sylvia says he didn’t sit next to Me during school you know he sat next to Me during test time And he said the other time I jumped out The window went surfing So the reason I was laughing with George Gammon I said you know Lynn all if I was In school with Lynn Alden I’d be sitting Next to her at test time anyway so That’s That’s why I’ve enjoyed and you know the Rich Dad company we’re really blessed Because we have very smart women the men Are duds but the women are really really Smart so anyway with that said welcome To the program and I’m glad George Encouraged you to come on our program Hey thanks so much for having me yeah I’ve uh enjoyed working with George over The past year uh as part of his uh you Know his membership program and so uh You know it’s been led to a lot of good Conversations yeah I mean well you’re You’re uh you remind me of I’m writing a Book again with um Uh gem records and the the two U.N Records have the same type of I call you Guys fire hoses I don’t know how you’re I don’t know how you guys can come out With so much information so fast you Know I’m kind of Joe bid enough to think

For a while a couple of years but uh so Then please give us an understand you’re An engineer but how in the world did you Get so smart On the macroeconomic system running the World I mean that’s what blows me away That’s why I listen to you because you Cannot deliver what you know in an hour It’s impossible right I guess I guess two things one is you Know if you’re passionate about Something then you’re more incentivized To dig into it right so if you’re only Superficially interested in it you’re More willing to accept like surface Answers or not take the effort to go in Uh but if something’s kind of inherently Exciting to you uh you’re more likely to Go in it so for example I’m terrible With music every time I try to learn an Instrument I just I can’t get the Momentum up and I you know I’m like I’m Slow uh but when it comes to you know How the world of Finance works for Whatever reason that just clicks with me So I go deep into the rabbit hole and You know because I come from an Engineering background rather than an Economics background I like to go down To First principles down to the numbers Themselves and then try to reconstruct What’s happening rather than kind of Taking uh you know existing models uh as Kind of my core Foundation

So what kind of engineering were you in Electrical Holy mackerel No wonder you’re no I mean you know Electrical guys are the smartest of all The engineers You know and uh no I’m not kidding Because Anyway as I said it’s a complimentary But I think that’s why I think you think In networks if you know what I mean You see what I when I listen to Lynn Speaking talking about macroeconomics She sees it as this big Network and in Fact I think you think in quantum Physics Otherwise I I focus a lot on control Systems and so part of my background was Building control systems and so the way The control systems work if you think if You think of a thermometer right so Every time it senses the temperature Goes too high it kicks in a reaction Sponse and then it cools the the the air And every time it goes too cool it kicks In the opposite response and it Heats it Up and that’s how a lot of macroeconomic Systems work whenever there’s something Happening uh often policy makers end up Putting themselves in the position of The thermometer so they come in you know If deflation’s happening they come in With an inflationary response and so all These different kind of feedback loops

And so the background and control Systems kind of goes well like that so If I can explain why it’s Newtonian Verse maina it’s Quantum versus Newtonian newtonium Um Newton’s physics was action and Reaction And quantum physics was the uh The the bigger picture what happened if You if you had this reaction of that Reaction what was the temperature what Happened outside of it so that’s why Every time I listen to you I’m thinking About this in quantum physics versus Newtonian physics not because I’m pretty Newtonian I go up down left right that’s About it and every time I listen to you I get the well this happened or this Happens I’m going holy man I gotta hang On with you know like I’m going down a Roller coaster an upper roller because I’ve got to hang out with your life but But anyway the question you know the Rich Dad audience is like me pretty slow And stupid not really but we’re not you Know we don’t uh We want to keep it simple is what I’m Trying to say so there’s some you know I Notice when you’re speaking the same as George there’s something driving you Guys and it’s that drive Like you know I don’t I don’t know how Much longer this financial system can Last

And so that’s why if we could start from That point let’s start with the end And what you see what is your crystal Ball say And then you can fill them up because I Think there’s something driving is Something driving me too And I see the end and I see the end Coming Yeah so my my long-term Outlook is uh to Eventually see a higher rate of Inflation uh with you know a degree of Currency devaluation uh so basically the Money supply would grow very Substantially and the individual buying Power of those currency units uh would Go down pretty significantly compared to You know a variety of hard assets and so That’s kind of a long-term Outlook and So a lot of the work I do is you know The probability of getting there and Kind of the path dependency the Different kind of uh decision points That can lead to get there faster or Slower than than other potential paths But you also one of your programs you Talked about a book called the history Of the world or something uh lessons of History yeah it was in 19 is lessons of History so I ordered that book because You recommend I haven’t got it yet yeah But but I’m what I’m what I’m really Trying to say to people the reason once I understood

In 1971 when Nixon took the dollar off The gold standard at that time I was Flying in Vietnam And I knew something was going to change And that’s where Quantum comes in versus Newtonian And I want to know what the quantum Would be what would be like the ripple Effect or what the Global Effect be So and the other reasons because I Studied history Lenin said years and Years ago before a Stalin The best way to kill capitalism is to Debauch the currency So in 71 when Nixon took the dollar off The gold standard I went to military School so I studied military economics And Military economics was very Concerned about guys like London Stalin Hitler Mussolini Mao That’s who we studied and then socialist Economics is Keynesian which is he can Print as much money as you like And then capitalist economics we were Taught was misa’s Austrian School hard Money Which is where Bitcoin and gold and Silver cannot fit in So when you look at the end is I think The end is coming you can only Historically like we had the Weimar Republic which was Which brought Hitler to power remember Are you familiar with that I’m sure you

Are what happened what happened in the Weimar Republic which brought Hitler Depart wasn’t it exactly what you said The currency was gone inflation went up Yeah when we back then so after World War One of course Germany’s production Base was destroyed and whenever you have A country with destruction uh productive Based kind of uh damaged uh plus they Had external War reparations so they had Debts that they couldn’t print away it Wasn’t denominated in their own currency And so they eventually experienced the Hyperinflation as they basically printed Money to finance deficits uh and uh just Because you know part after losing the War after having all this you know very Challenging political and financial Situation it had more and more kind of Uh populism and extremism uh build up And then it took a really dark path but Um The thing that’s where hyperinflation Set in and the other other word you said In there was reparations And my concern is I’m not trying to be Racist here But when the blacks Americans are trying To get reparations for slavery That’s what happened in 1918 with the Treaty of Versailles was a forest the German people to pay reparations to England and France And that led to hyperinflation

And then the rise of Hitler So that’s kind of you know as an old guy And I went to military school again That’s what we studied so the reason I Was excited about you coming on the Program is you’re a lot younger but you Also understand history And that’s kind of what happened in 71 When Nixon took the dollar off the gold Standard they could print as much as They liked it’s the same thing that Happened after 1918 for the treated Versailles they couldn’t pay their bills So the Weimar Republic just printed as Much money as possible and that’s where The funny story comes in a woman goes to The supermarket with a with a Wheelbarrow full of cash reichmark And she goes inside to pay for her pork Chop And she comes out and they stole her Wheelbarrow and left the cash you know So Lynn that always sits in my head so When Sarah booked this program with you I want to get your picture of a pork Chops and build barrels I mean what’s Going to happen here Uh yeah so my long-term base case of the United States is for a higher inflation But not necessarily hyperinflation and Because whenever we see cases of Hyperinflation like like ymr uh like Some Emerging Markets generally you need A combination of a couple things one is

You needed a destruction of your Productive base uh and so that happened In the Weimar Republic that happened in Zimbabwe and that could be that can be Due to a lost war or it can be due to a Really bad internal uh social policies This was happening in Venezuela today Yes exactly uh that’s another case of Hyperinflation happening and so you have That kind of a severe drawdown in the Productive base so they can’t make Enough goods and services to satisfy Their needs so regardless of how much Money they print if the prices start Going up rapidly a second thing that Helps contribute to hyperinflation is When they owe debt in a currency they Can’t print so a lot of emerging markets Today like Argentina for example they Owe debt that’s denominated in dollars Uh whereas developed countries like you Know Japan in the United States their Debts are mostly denominated in their Own currencies and so uh those Hyperinflationary events tend to have Those couple recipes uh but for example You often refer to the 1971 period and That was a case of of Rapid inflation For United States uh but it didn’t it Didn’t reach the levels of Hyperinflation because we still had our Productive base you know we didn’t have A collapse in our economy we just had a Really sharp devaluation of currency and

So it was something that the currency Wasn’t completely obliterated it was Just severely damaged and that’s kind of The the outcome is my a base case I Think going forward over the next decade Is that you can see in developed Countries pretty significant uh Currently devaluation So that’s my question so what’s your Crystal ball say between 2020 and 2030. Okay you know like I make fun of Biden And I call his cabinet the monsters I’ve Got to entertain myself because I have I Flunked out of school you know I was Watching TV too much And you know I and I say when uh Janet Yellen was head of the treasure ahead of The fed and if they because we don’t Know if they made it into this at the Time of this broadcast we don’t know if They’ve made it yet and if Jenna Yellen Becomes head of the treasury That’s separate you know the separation Between the fed and the government are Gone they’re one now And so that’s the reason I was excited About having you come on the program is Given your or what I call Quantum under Quantum physics thinking what’s going to Happen when the monster takes over Uh so I think this process is probably Going to take several years to play out And so it’s going to start I think the Next uh you know handful of years and

It’s one of those things where first When you get some degree of uh you know They call it reflation like you start From like a low period of inflation you Get that kind of higher inflation at First it can feel good to a lot of People and so for example that’s what it Felt like this year uh you know when When seamless checks go out and when you Have that kind of rebound and so next Year if you get a decline in the dollar Versus other currencies if you get Inflation that goes up to you know the Official way they measure it which you Know that’s a whole other discussion but If that goes up to two three percent you Know in the next you know maybe two Years uh that can feel good at first and Then the problem is you know at that Point they’re very likely to overshoot Uh because you know a lot of their Deficits at this point are structural Right so uh even just taking out Discretionary spending if you just focus On entitlements in Military and interest On the debt that already is pretty much All uh you know incoming tax receipts And so So so then we crushed the economy It’s exactly as you said what happened In Germany was it crushed production That and that’s why when I asked Sarah To invite you on this program I want to Know what your crystal ball says we’ve

Done everything Exactly as Uh the Weimar Republic did with the Economy it was at the play pepper pay Reparations the economy was crushed Production but not simply happened in Zimbabwe same thing invisible Venezuela So I want to know what Lynn alden’s Crystal ball says 2020 on Well so I come back that’s I’m prompting You right now because Um anyway that’s why I was sat next to The smartest girl during test time this Is a test time right now we’ll be right Back Welcome back Robert kiosaki the rich Jay Radio show the good news and bad news About money you listen to the Rich Dad Radio program anytime anywhere on iTunes Android or YouTube as long as they don’t Take us off again but anyway you can Listen to the our programs we record all Of our programs and we archive them at Richdadradio.com we archive them because We don’t make any recommendations we’re A peer education company So one of the ways you’ll learn best is By repetition so you can listen to this Program again and you learn twice as Much but also if our friends family and Business associates listen to this Program together and discuss it and your Your information your education your Mind will open up quantumly our guest

Today is a very special person with Lynn Alden she’s Associative partner with George Gammon Another big um You know Friend Of The Rich Dad company And like I said I always went through I Went through High School sitting next to The smartest girl in class at test time And then it’s definitely that smartest Girl I went to an all-male school so I Couldn’t sit next to the smartest girl Because there wasn’t one but anyway Somehow I made it through and the reason Military school is important is because We studied economics and there’s three Kinds of Economics there’s military Economics socialist economics and Capitalist economics And when I when and so 1971 I’d already Graduated from school I’m flying in Vietnam and Nixon took the dollar off The gold standard And so that’s when it twigged me because I had different types of Education Different economics From what they teach regular kids so our Our economics and school and Business Schools today in the US are socialists Keynesian you can print money that’s not What he said but that’s what the Interpreted so we have Lynn Alden and She is like I said that she’s an ee Electrical engineer the smartest of all Engineers she thinks differently and so

When she looks at the current economic System and she studies history I want to know how is history going to Repeat That’s my question are we just like Hitler what about Hitler to power 1933 Or is what’s going to happen in America Zimbabwe and I was in Zimbabwe when it Came down and today we have Venezuela And so as United States repeating his History repeating right now so with that Glenn take it away Yeah see you talked a lot about uh Destruction of productive capacity like When you’re talking about what happened Here in the United States as well and so Economy exactly and I think one of the Key things to watch is the destruction Uh in production of Commodities and so You know if you look at a lot of Commodity prices exception of gold and Silver that have done really well Recently A lot of them are roughly the Same price they were 10 or 15 years ago And that’s because we had this period of Commodity oversupply uh so for example a Lot of cheap money allowed us to to Apply new technologies to get more oil And gas out of the ground we had that Period of kind of copper oversupply and So a lot of those things were in a Period of oversupply and that feels Really abundant however you know because Uh prices have been in that that kind of

Uh you know they haven’t been rising in Many cases for several years uh you know That that incentive to get new Production has diminished and so for Example this year we saw a very large Reduction in in capital expenditures for New oil and gas Fields uh we also for Several years have been seeing really Weak copper development and of course Copper is a really important element for The whole new economy for you know grids Uh you know electrical grids Infrastructure all these important Things both in the United States and the World and so because we’ve had this Period of commodity oversupply some of The inflationary policy has not been Very apparent in everyday uh life you Know some areas it had we’ve had a lot Of inflation in healthcare expenditures We had a lot of inflation intuition Child care services uh but because Commodities have have remained Relatively cheap that hasn’t really Flowed out yet now I think a key thing To watch is that going forward some of The supply for these Commodities is Getting pretty tight and when that goes Up against very large deficits uh that Are in large part being monetized you Can start to see a general rise in Commodity prices and you know it’s hard It’s hard to say that’s gonna be next Year or three years from now but as we

Go deeper in the 2020s I do think that’s A really thing to consider and that that Can promote a much more inflationary Trend and some scare and like problems Getting the Commodities we need so Copper just made this big move because Um it’s starting to move right now Because the dollar Index is going down Yeah it’s kind of interesting the dollar Index going down what does that mean to You uh so that what that means is that The dollar is weakening versus a basket Of other major currencies like the Euro The Yen uh and some of those other ones And so we we’ve been in the last several Years a period where the dollar has been Relatively strong versus those other Currencies and I expect in the next Several years to see the dollar likely To have another down leg uh similar to How it had in the early 2000s and Similar to how it had in the in the in The 1980s uh the late 1980s so when it Comes down from those strong Peaks uh That tends to uh you know be be pretty Bullish for Commodities uh and you know It also tends to be pretty good for some Foreign equities as well if if you’re You know if you’re if you’re a dollar Based investor you can you can Potentially counter that by having some Foreign Equity exposure as well as Commodity exposure but for the average Person like me or the dollar going down

About purchasing power going down and Commodities like copper going up Is that inflationary yes yeah So my question to you is how long can we Keep like you said it earlier with the Crush production that’s what caused You know in Germany in World War one to Die And that’s what that’s what happened in Zimbabwe they took they wiped out the White Farmers I was there it was Horrifying you know they were murdering All the white farmers And uh no I was not in Venezuela but I Was in Colombia where George was Watching The Exodus out of Venezuela And so if they crushed the economy with This covid shutdown right now I mean how Many little guys are going out of Business you know I mean it’s sad So my question to you with your crystal Ball because I know something dry Something’s driving you How long can we keep printing money To solve our problems which are Structural I think as you get deeper and deeper Into this decade so you know call it Five years or so uh especially because You know you have to figure out how much They’re going to print when are these Commodity shortages is going to become Acute but I think as we get roughly to The middle of this decade I think that’s

Where we start to run into uh some of These key shortages and things that that Have felt very abundant for the past you Know 5 10 15 years uh I think you know We’re going to find ourselves in that Period again where we didn’t invest Enough in some of the production of some Of these things and as you point out you Know we had a really big destruction of Small businesses this year so for Example something like a hundred Thousand restaurants have gone out of Business uh while larger corporations Because they have Capital financing in Some cases they have bailouts they have The FED buying their bonds they’ve been Able to stay in business uh to a better Extent than some of these small Businesses and so I think that that a Lot of these forces are going to kind of Come to a head uh probably as we get you Know roughly in the middle of this Decade would be my best guess but you Know a lot of it was uh you look at Neiman Marcus they declare bankruptcy You know I mean Neiman goes bankrupt There’s something really sick inside America but another question I have for You because you’re more macro also when You look at China Uh it’s it appears to me we’re a kind of A currency war with them a trade war With them because when we lost our Production because our we shipped our

Production overseas to China So that’s another reason we’re in Precarious position in 2020 So what do you see is going to happen in China with the Chinese Yuan and all that That’s my concern how desperate are they Going to get because they have to have Jobs too because if they don’t have jobs You have revolt Do what I mean they’re like similar Problem we are Americans Yeah one of the things they’re focused On because they’re also I think really Uh acutely aware of this potential Commodity shortage and so one thing They’ve done in the past several years Instead of re instead of reinvesting Their dollar surpluses their trade Surpluses into buying U.S treasuries Like they used to do they’ve been Starting to reinvest those dollars into Commodity projects around the world uh So they’re financing oil field Development you know in Russia Eastern Europe Latin America uh all throughout Kind of Eurasia in general uh and so you Know they’ve called that the belt and The road initiative so they built tons Of infrastructure but also commodity Development and so that that’s so far Been in China’s attempted answer now We’ll see how that how well that works Uh but they’re clearly trying to make Sure they have access to Commodities

They’re also working on ways to buy Those Commodities outside of the Dollar-based system so for for several Decades only dollars pretty much could Buy Commodities around the world so even If France buys oil from Saudi Arabia They pay for it in dollars even though It’s neither of their currency and so China has been in this world where They’ve actually surpassed the United States in terms of becoming the biggest World’s commodity importer so for most Commodities they import more than the US Does but they still pay dollars for most Of those and so one of their projects Over the past several years was Diversifying the types of currencies That they can buy Commodities in so now They can they can pay Russia in Euros For example in order to get some of Their oil and gas and they’re also you Know looking uh probably to get more and More of their own currency priced and so I expect with a long term uh their Currency is probably going to hold up Relative to the US dollar fairly well uh But you know they also don’t want it to Let it get too strong against the dollar Because they don’t want to lose export Competitiveness and I think that’s you Know you mentioned Jim Ricker does Something that that you know he’s Emphasized the idea of a currency war And that’s something we’ve been in for a

While and I think that’s going to Persist especially between actually the United States and the European uh Union Because they don’t want their uh Currency at too strong relative of the Dollar either and so it’s this kind of Competitive devaluation and the winner Of that ends up being hard assets the Things that are inherently scarce Whether it’s Commodities gold silver Bitcoin things that can’t be debased So that brings up the next question the Euro What what do you see because you’re all I don’t know if you think it’s going to Hold together but it’s kind of uh they Tried to be the United States but they All hate each other they hate each other Every every war And uh how they’re doing how’s that You’re going to hold up uh so from from A like say a three-year perspective uh I I think that the Euro could strengthen Relative to the dollar uh the biggest Long-term problem they have is that you Know it they have basically a monetary Union between their countries but not a Fiscal Union so they don’t have kind of A unified retirement system they so you Know if Italy racks up debt uh they you Know we talked before about what happens When a country has obligations that they Can’t print and so what all those Countries did is they combined into the

Euro and neither of those individual Countries can print the Euro right so Only the the share the ECB the shared Basket that they’ve all put their put Their kind of value into and so you know Italy has debt for example that Italy Can’t print and so you have that problem Where a lot of those Southern countries Have a lot of debt uh and I you know There’s a really big question about how That’s going to to fall out and I think That’s one of the biggest tail risks and So whereas United States and Japan for Example they have this more unified Currency system within themselves Europe Has a big kind of a potential fracture Point and so that’s why you know their Banks have been trading uh you know Extremely low valuations because people Are afraid of the solvency risk that Some of those Banks could have uh if the Euro were to encounter a major problem And there’s going to be some decision Points ahead either they’re going to Have to you know break apart the union And let some of those countries uh you Know go their own way or they might go The opposite approach and unify their Fiscal situation more and become more Centralized and it’s hard to see how That’s going to play out uh but it you Know that’s one of my biggest kind of Tail risks what’s going to happen with Some of those Southern European

Countries correct but then that brings Up England because when they went to Brexit what was your opinion of that uh So they’re really lucky and I think they Had good foresight to not give up their Own currency and so you know they were Part of the European Union but they Weren’t part of the European monetary You know shared uh you know currency the Euro and so for them that we’ve already Seen just from several years how Challenging that breakup is even though They still have their own currency at Least and that’s you know that’s already Extremely difficult to unwind uh whereas It’d be much harder for example for Italy to break up because their currency Is fully imagine if you had to change Your currency by by leaving uh you know Uh NATO or something right it’d be it’d Be much harder to do and so uh you know I think that the brexit uh situation uh That that’s just a small taste of how Hard it would be for for some of these Other countries to break up and so Hopefully we’ll get an answer on brexit Soon I mean they’re still kind of in the Middle of those negotiations it seemed Like they never end uh but hopefully That’ll be behind us and then the big Question is what’s going to happen with Southern Europe And so my last question for you is about Our friends in the Latin countries like

Mexico and South you know George Cameron’s country that Uh You know I mean the Mexican people and All that they’re fabulous fabulous People and the whole Latin America I’m Just so impressed with them they’re both Rich countries I mean you know I’m not the whole not Both The world is Rich because South Africa Africa is a rich resource country But the people are poor and that’s Causing this huge split you know so what Is your forecast for our friends on Mexico and Latin America and South America Uh so if we get a weaker dollar and if We get a pretty strong commodity Market Uh that could benefit Latin America Pretty significantly because one of the Problems the Latin America has is that You know they’re very commodity rich but Commodities have struggled over the past Uh 10 to 15 years and they also many of Them have high dollar denominated debts Uh that’s one of the kind of trouble Areas along with turkey and a few others But you know basically countries like Brazil Chile uh you know a lot of these Mexico they have a lot of dollar Diamond Debts especially relative to their Foreign exchange reserves and so Whenever the dollar strengthens uh that

Puts a lot of pressure on their local Economies because it’s kind of like Their debts are going up relative to Their cash flows because their cash Flows are denominated in their local Currencies and so if the opposite Happens if you get a weaker dollar we Tend to see Emerging Market uh growth Periods whenever the dollar weakens Because it’s kind of like that their Debt gets devalued and so if we see a Weaker dollar I’m pretty optimistic Towards uh you know the majority of Latin American countries but you know Partial it’ll come down to how well they Individually govern it uh how well I Know how Dynamic their economies are Allowed to uh kind of flourish uh Outside of you know kind of bad policies Fantastic people uh you pop something I Wanted to I forgot to ask you on is Turkey I mean turkey is they’re having Currency problems and all this but They’re also a huge military what do you See happening there uh so turkey yeah Their main issue is that they have high Dollar diamond and debt in their Corporate sector and so their government Actually is not very levered it’s Specifically a lot of dollar-based debts Built up in their corporate sector and So you know turkey has does have a lot Of advantages they’re very well Positioned uh but you know they’ve had

Specific issues with that and they also They they have it build up uh High Foreign exchange reserves which means That they don’t have a lot of dollars Kind of stored away like acorns for the Winner right so they haven’t built up This reserve and that’s why during the Strong Dollar in Period they’re Encountering this problem now if the Dollar weakens uh that’s kind of like Taking the foot off the throat of turkey And you know if they have some good Governance uh they might be able to come Out of that uh pretty strong uh but so They still have plenty of good they have Good demographics they have good Geopolitical positioning uh you know They have a pretty competitive Manufacturing base and the biggest Problem they have right now is that all Of their dollar denominated uh corporate Debt that they you know they can’t Devalue it they can’t print it and They’re kind of subject to the whims of Of how the dollar holds up relative to You know relative to other things That’s I mean we could go on forever but There’s also well I just bring it up There’s also a thing called a euro Dollar You know I mean this thing is not just You know Joe Biden getting elected you Know this there’s more going on than we Will ever know about that’s why this is

Fantastic you know getting to know your London thank you I’d like to invite you Back Because like I said I was sat next to The smartest girl during class at test Time especially Because I I knew nothing most of the Time so anyway thank you and then you Can go to Lynn’s website as L-y-n-a-l-d-e-n.com and I heard your Website is just a treasure Trove of Information Yeah plenty of good stuff there and also Like I said I also part of a George Gamut so over at georgegammon.com as Well yes it is fantastic we’re gonna Have we’re going to have dinner tonight With George so anyway Lynn thank you Very very much and thank you for your Contribution to knowledge to the rest of The world thank you thanks for having me Thank you awesome we come back a little Bit on the final wrap-up of the bridge Down radio show thank you again Lynn Welcome back Robert kills secretary Michelle radio show you can listen to The Richter radio program anytime Anywhere on iTunes Android or YouTube And please leave us a comment whenever You listen all of our programs are Archived at richdadradio.com we archive Them for one reason we’re an education System school I mean a program we don’t Make recommendations you buy anything

Although we talk about what we buy And Um have your friends family members and Business associates listen to this Program and discuss when you do that That’s real education you’ll learn 10 Times more than just listen to this once So before we complete the show and ask Sarah what did you think well Lynn is a Like you said Treasure Trove of Information and so smart fire hose Um I feel like I could listen to her all Day like just I mean because she knows Her stuff Um but the one thing you had asked her Was about hyperinflation will we see Hyperinflation and she gave us those two Key points like this is what to watch For so I think that’s like for me the Biggest nugget that I took away from This as we move forward into the next Couple years are those key signals of What’s going to happen with our currency Yep another thing that she said which a Lot of people don’t know is this belt in One project by China China realizes that they’re going to Beat America sends out military forces And I’ve been in Zimbabwe and I’ve seen The compounds the Chinese have built There because when the economy crashed The Chinese moved in And they’re taking out the resources I Was in Panama when I was watching the

Chinese negotiate to build a bigger Panama Canal to beat the U.S Panama Canal and I was in Cameroon when I saw Them trenching you know they were Trenching fiber optic cable all across Cameroon they’re also thinking about Building a road across South America And so what China is doing is building Infrastructure and also the other thing That is my my goal mine in 1999 was in China And they needed goals they took it So I don’t know if Americans know what’s Going on and that’s really nothing to do With Joe Biden or Trump and all this They can’t protect you so that’s why you Know the Rich Dad radio show but also All these characters on YouTube and all That they’re far better than going to School I mean people like Lynn Alden and George Gavin and you know Anthony Popliano I mean these guys are geniuses At what they do so anyway that’s why uh I thank you for listening to the Rich Dad radio program because a college Professor has his head up as well or her Butt whatever it is they don’t know What’s going on they’re hanging out in School so thank you listen to the Rich Dad radio program [Music] [Applause] [Music] [Applause]

[Music] [Applause] [Music] [Applause] [Music] [Applause] [Music] [Applause] [Music] Thank you Foreign [Applause] Foreign [Applause] [Music] [Applause] Foreign All right [Music] All right [Music]

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