Rich Dad Radio Show: In-your-face Advice On Investing, Personal Finance, & Starting A Business
Why understanding macro-level events is crucial in today's world
- Author: Vários
- Narrator: Vários
- Publisher: Podcast
- Duration: 0:53:46
- More information
Informações:
Synopsis
The global economy is constantly evolving, and recent events such as France's decision to work with China and the growing trend of countries applying to join the BRICS indicate a shift away from the US dollar as the global reserve currency. In this episode of the Rich Dad Radio Show, Robert Kiyosaki and Andy Schectman explain the importance of being aware of macro-level events and their potential impact on the economy.They warn of the potential consequences of the US dollar losing its status as the world reserve currency, including hyperinflation, the rise of dictators, and civil war. They also discuss the importance of investing in physical gold and silver as a hedge against inflation and economic instability.Moreover, they discuss the significance of the US dollar's petro standard and how recent events may signal the end of the dollar's hegemony. They also touch on the importance of being proactive and knowing who you do business with, as well as the benefits of investing in assets like gold and silver that