358: Robert Kiyosaki – 50th Anniversary of the Fiat Dollar
Fifty years ago, money changed forever. Robert Kiyosaki joins us. He’s the “Rich Dad, Poor Dad” author.
President Richard Nixon effectively removed the dollar from the gold standard on August 15th, 1971. We play the audio clip.
Inflation ensued, exceeding 10% in the 1970s and 1980s.
What is money, anyway? I answer.
Gresham’s Law – bad money drives out good.
Kiyosaki tells us why he promotes freedom and economic decentralization.
My solutions to monetary inflation: 1) Real estate debt. 2) Gold. 3) Bitcoin. 4) Spend.
Resources Mentioned >
Resources Mentioned: Nixon removing dollar from gold standard: https://www.youtube.com/watch?v=4-cB1Z9qceI | Jerome Powell on dollar printing: https://www.youtube.com/watch?v=lK_rYS8L3kI | Buy real estate: www.greturnkey.com | Buy gold: www.apmex.com | Buy bitcoin: www.coinbase.com | Get mortgage loans for investment property: RidgeLendingGroup.com | JWB’s available Florida income property: www.CashFlowAndGrowth.com | eQRPs: text “EQRP” in ALL CAPS to 72000 or: eQRP.co | By texting “EQRP” to 72000 and opting in, you will receive periodic marketing messages from eQRP Co. Message & data rates may apply. Reply “STOP” to cancel. | Best Financial Education: GetRichEducation.com | Get our free, wealth-building “Don’t Quit Your Daydream Letter”: www.GetRichEducation.com/Letter | Top Properties & Providers: GREturnkey.com | Follow us on Instagram: @getricheducation | Keith’s personal Instagram: @keithweinhold
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