Guest Andy Schectman is owner of Miles Franklin, a full service for precious metals. “If you’re going to buy gold and start accumulating, storage is an issue,” says Host Robert Kiyosaki. It’s why he’s been with Miles Franklin for years.As one of the hosts for the Rich Dad event this April 6,7 and 8th in Phoenix, Schectman has the financial advice you won’t get from schools, the stock market or wall street. Schectman’s father once advised him to buy something every two weeks. “I looked at gold and silver as wealth outside of the system,” he says. Three decades later he has 8 billion in sales.Schectman talks about his prediction and worry that Saudi Arabia would apply for BRICKS, which stands for Brazil, Russia, India, China, South Africa, Saudi Arabia.“What gives the dollar its world reserve status is that every country on the planet has had to own dollars since 1974 to buy oil. That’s the deal we struck with the Saudi Kingdom and by extension OPEC.” But in Davos recently, Saudi Arabia said they’re open to accepting other currencies for oil. “60% of the worlds’ population will stop using the US dollar,” says Kiyosaki. “This is what gives us power. Those saving fake dollars are in trouble.”BRICKS is a system based on a pledging of commodities. “They will use blockchain to see what country has pledged to the system. This will put a knife into the heart of the US dollar and its synthetic demand. If OPEC decides to open oil production to other currencies, it’s a massive deal.” “The countries in the EU, the rest of the world, are coalescing against the West,” says Schectman. “These countries are using commodities like gold as a vehicle that will allow everyone equal say at the table. Turkey imported more gold than any country— 58.3 tons of gold from Switzerland.” It will be a commodity backed system to back a new reserve currency.Kiyosaki and Schectman discuss the FDIC, Federal Deposit Insurance Corporation, the organization that backs all the deposits held by the banks in the US to which there are over 9 Trillion in deposits being backed by 200 Billion in assets or in cash by the FDIC. “It’s a scam,” says Schectman. “They don’t have enough money to back the deposits. This will make the great depression look like a walk in the park. They have removed all reserve requirements ever since the pandemic, so when you deposit money in the bank, they don’t hold it. Bailouts are gone and Bail-ins are the order of the day. The FDIC doesn’t want the public to know as it could produce a run on the banks.”Skip the waitlist and invest in blue-chip art for the very first time by signing up for Masterworks: https://www.masterworks.art/richdad. Purchase shares in great masterpieces from artists like Pablo Picasso, Banksy, Andy Warhol, and more.“net returns” refers to the annualized internal rate of return net of all fees and costs, calculated from the offering closing date to the sale date. IRR may not be indicative of Masterworks paintings not yet sold and past performance is not indicative of future results. See important Reg A disclosures: Masterworks.com/cd. Masterworks’ offerings are filed with the SEC, view all past and current offerings here or at SEC.gov.
That is true..Covid brought us a lot of struggles but also showed up hidden but important things for, example, education and how it works. I was a student during the Covid era, I used this service https://edubirdie.com/write-my-paper a lot, where I asked professionals to write my paper. I had no time for important tasks while doing numerous silly and useless assignments for online classes. Of course, there were also responsible teachers, who were interested in really teaching students, not just coming to Zoom meetings.
I like this podcast! Thanks for sharing.
I like this podcast!
I have worked in LTC and I would rather jump off a bridge than have to live in one. the thought of purchasing insurance to plan to live in one makes me want to vomit. Hoping that there will be more options for home care or co-op care. I think putting your assets in a trust for your heirs can help to avoid bankruptcy.
How do you find all of these coaches you talk about?
let the fng guests talk more dammit man
wtf you have an ad for a covid test?!?
Repeat of an episode from only a few weeks ago.
I appreciate putting my 2 favorite shows together❤🏡🙏🙌
great info, i will def contribute to the great cause🙏💪
I'd skip this one; literally just one big advertisement for a charity store in the US, with nothing interesting or informative in the whole episode. Might be a useful nudge for the selfish types though...
It really good book, I suggest you listen📖👂🏻👌🏻
this guy is legit!!
What if the us government invented Bitcoin as a test project?
I have listened to this episode more than any other episode, at least five times and probably more. thank you for your education company, these are such brilliant minds to listen to, in a world of deception and pseudo experts
I think Alex Epstein would argue this entire episode is uncharacteristically bass-ackwards. I don't think Robert has flipped socialist, nor that he's a moron, but I can't understand how everyone in this episode has managed to get all this so wrong. It's socialists that have forced the green tech upon us. Capitalists haven't chosen it because it's not profitable, so choosing us for "the greater good" isn't competitive, even if it is "right". The Chinese make all our solar panels and yet they themselves don't seem that interested. Perhaps they're happy to let the West waste time and resources on folly while they themselves profit and get on with building their own more pragmatic economy, likely at a faster pace for quite some time. Maybe it's not that the Chinese don't care about the environment, but that they simply don't believe the Western CO2 propaganda. For them it's business as usual while the westerners run around in circles trying to come up with their own brand of socialism. No doubt there's nominal profit to be made by playing the green game while it lasts, but that doesn't mean it ends well for the US economy. We're not getting ahead of the game; we're giving away.
Where can I purchase these green bonds.
Okay Robert I'm sold!
I loved this episode! Maaannnn that guy was losing it! LMAO
How Bitcoin going to affect out current financial portfolio in a decade or two?