How The Economy Works For DUMMIES: Global Economics 101 -Robert Kiyosaki

You don't need a Ph.D. in economics to understand that FAKE money keeps getting pumped into the economy. There were minor crashes in 1987 and 2000 which resulted in a few people losing their jobs, but that's about it. What we're headed for now could cause a global financial meltdown. Don't believe, me. Watch this short video as I explain why you need to prepare yourselves... because this bubble is about to POP!

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[RealEstateWithRay]

Who thought he would keep blowing until it popped? 😂

[PassiveIncomeTom]

I have followed your teachings for over 15 years. That's how I got into real estate investing and buying silver. The information has been priceless!

[zain-ab]

As he kept pumping the money, my heart kept pumping too, expecting a sudden

[cherrytung]

So crucial and yet school don't teach us this!!

[uncle_martin]

For those wondering... At 0.33 a sentence pops up on screen. It says "fake money= not sustainable".

[henk-janvisser]

Spot on explanation! Wow, you have a pair of lungs man!

[jessecardenas]

Your book just came to my house can’t wait to read it

[snoopys]

If the dollars collapses it will never be gold people trade it will be goods and services e.g seeds

[Samsonmanase]

The entire worlds in debt but they make u feel bad when they say u in debt 😂

[faitheroicoffice]

I am getting it why it's so crucial for the school not to change the system.

If they do, all current teachers are outdated. They are teaching what seem to be useless in real world.

Especially business world.

Well, I could recommend a lawyer or doctor to go to school.

But entrepreneur should learn from People who are actually building businesses

[markchristopher]

Does the expanding balloon/“fake money” refer to the printing of money? If so, I understand, conceptually, that an ever-increasing money supply causes an ever-decreasing value of the dollar, but what are the specific subsequent events that ultimately lead to the “popping of the balloon, ” and how does the “popped balloon” metaphor translate in terms of what life will be like for the average American should that eventuality come to fruition? I might need the “...for major dummies” version 😊. Thank you.

[naomiking]

Thank you so much for your teaching! The Creature from Jekyll Island and Fake is what every economics student should really read!

[aangovan]

money makes valuable things seem worthless
and
money makes worthless things look valuable

yin yang theory

[nichlasbachv]

And he was completely right, happened in 2020 and 2022 and the same thing happened as it did in '08 so eventually it will crash once again and again and again until eventually the economic dominance change from the US to China

[higorvaleriano]

Its like he's talking straight at me

I am doing Economics
Thanks for the explanation

[rizmacadillac]

Apparently, it would be perfectly legal in the United States to mint a $1, 000, 000, 000 (One Trillion Dollar) coin to retire debt and store it in a Treasury vault somewhere. Not sure what happens eventually with this but there is talk that China and others might have currency backed with Gold.

[bluezone]

I don't see how taking money off the gold standard makes it "fake". It just isn't directly backed by gold anymore. If the money is "fake", why can you still buy gold with it (and every other asset)? What do you mean by fake anyway?

[markhoward]

FRAUD! Kiyosaki is the subject of a class action suit filed by people who attended his seminars and has been the subject of two investigative documentaries by CBC Canada and WTAE USA. Kiyosaki's company, Rich Global LLC, filed for bankruptcy in 2012

[LivingisGiving]

There is truth to this, but I've been hearing you say this since the 90's on how all the baby boomers were going to bring down the economy when they retired, and here we are almost 2020 now.

What I'm saying is this may take another 30-50 years and you might not even be around to see it.

[haidarpng]

3 years ago he predicted the future. it is almost 2023 and we are near a recession. LIKE HE SAID " INVEST IN REAL ASSETS "