Could BRICS take down the US Dollar? - Robert Kiyosaki and Andy Schectman

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 do not have counterparty liability.
This episode emphasizes the need to pay attention to macro-level events and their potential impact on the global economy. It highlights the importance of being prepared and knowledgeable about these events, as they can have a significant impact on the availability of precious metals and other resources. As we navigate an increasingly complex and changing world, it is crucial to stay informed and take action to protect our wealth and well-being.
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Facebook: @RobertKiyosaki
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[@alicebenard5713]

I began my investment journey at the age of 38, primarily through hard work and dedication. Now at the age of 42, I am thrilled to share that my passive income exceeded $100k in a single month for the first time. This success reinforces the importance of the advice mentioned earlier. It is not about achieving quick wealth, but rather ensuring long-term financial prosperity.

[@blessingpaul5484]

Investors should exercise caution with their exposure and exercise caution when considering new investments, particularly during periods of inflation. It is advisable to seek guidance from a professional or trusted advisor in order to navigate this recession and achieve potential high yields.

[@KatherineAnderson-lm8bw]

This is superb! Information, as a noob it gets quite difficult to handle all of this and staying informed is a major cause, how do you go about this are you a pro investor? 😊

[@alicebenard5713]

Through closely monitoring the performance of my portfolio, I have witnessed a remarkable growth of $483k in just the past two quarters. This experience has shed light on why experienced traders are able to generate substantial returns even in lesser-known markets. It is safe to say that this bold decision has been one of the most impactful choices I have made recently.

[@user-cr8nd1sy8e]

Wow, that’s stirring! Do you mind connecting me to your advisor please. I desperately need one to diversified my portfolio

[@AvaAdams-ly7vu]

I’ve actually been looking into advisors lately, the news I’ve been seeing in the market hasn’t been so encouraging. who’s the person guiding you?

[@justman4891]

I've suspected this for awhile. I work for a major petfood manufacturing company in the USA. About a year n half ago we started seeing lots of Chinese businessmen touring the plant. Not long afterwards we had plant meeting where we told In a cryptic presentation that China was the new boss. After that everything that we started making was being shipped to China and a few of the Nations they are in alliance with. France being one of them. It has became the norm at my job now. Alot of these US corporations are already in league with the new order of the world.

[@Number3boyz]

How do I thumbs that up?! I can’t :-(

[@Elay-tulc]

​@@Number3boyz 👍

[@thechicantique4567]

​@Nickolas Smith I know I thought the same after I hit it. 😅

[@kenthammer123]

Schetmann is so underrated. Wise beyond his years. Gold and Silver. Prepare and pray..

[@kimberiysmarketstrategy]

I’m not sure we can prepare enough . When food will cost 4500.00 a loaf of bread & retired persons have a full year before the inflation information comes out. 50% of the country will starve. They won’t starve on peace either. We can’t buy enough Gold or silver because we still need to pay ever increasing taxes oil & insurance costs, along with credit card interest rates.The best I can hope for is the ability to leave the US. Oh but I hear passport services are not issuing. What a mess.

[@rolandvondermuhll6446]

Jim Rickards has made it clear that foreign central banks don’t literally hold U.S. dollars but rather have 60 percent of their reserves in U.S. Treasury bills denominated in U.S. dollars. If they someday decide to sell off all or most of these treasury bills it is not clear to me the mechanism by which dollars would return to the U.S. and cause hyperinflation. Could you explain how dollars would actually flood into American consumer markets in such a scenario in one of your future shows? Thank you so much for a great podcast!

[@RyNatEmpire]

That is a very valid point. I would love to see that on a podcast as well :)

[@covidfartfog8076]

Great episode 👍. I’m reading your book. Written very well!

[@ldn0224]

40 years ago as a kid my economics teacher told us there was a 500 year cycle between east and west. He told us the west 500 year cycle was ending, and now it is here.

[@lisas44]

Interesting. I would be ok with that, except it’s being led by Xi.

[@regix1859]

The Honorable Elijah Muhammad ( NOI ) taught that same thing over 60 years ago...

[@davemi00]

At Least in the WEF Western Hemisphere. Includes the Dominion, EURO Countries.

[@thechicantique4567]

Bingo! 💥 😅

[@ianmorrison8722]

It's over for the the old world 🌍 time is up for everyone, and the war has began

[@RiseUpNowwww]

Your health is your wealth, so I'm sending positive vibes your way for good health and happiness.❤

[@billyjoejimbob1669]

I'm starting to think all this is intentionally orchestrated. It's too complete.

[@messire9837]

No cheat sherlock? Welcome to present, good sire! Where were you all this time? Counting milady of your own winter?

[@billyjoejimbob1669]

@@messire9837 sarcasm, and if you would be so kind as to pass a message to your mum for me, tell her l''ll have her shilling and two pence when I have change small enough.

[@TheLizardKing1967]

“When the last tree has been cut down, the last fish caught, the last river poisoned, only then will we realize that one cannot eat money.” The Creek Nation

[@davidashley4386]

Climate change is non existent. It’s just an excuse to tax us out of existence.

[@eddym5532]

True 100%.

[@johnnyarpa]

Yup

[@davebellamy4867]

The question in Jared Diamond's book Collapse was ... who cut down the last tree on Easter Island? That was the end for them.

[@robertagren9360]

Fine, it's back to meat. It has been the backbone since the babylonian age. You can be part of the dinner if you wish.

[@cliffdeane9711]

Parrot's Beak was a juncture of RVN and Cambodia.

[@ml-mw7ms]

I don't miss any of Robert's talks. They're so educational.

[@livinthedream7714]

Airplane rendezvous in Vietnam to buy an ounce of gold. Heard this story 4,428 times

[@ml-mw7ms]

@LivinTheDream Doesn't matter if he tells it a million times. His talks, history lessons and his guests are valuable.

[@livinthedream7714]

@m l I kindly disagree. Andy Salesman doesn't even have a website. "Email me for current price list and I will get back to you.." " Do yourself a favor. Google Miles Franklin Reviewd

[@michaelcowen6137]

Great podcast Robert! Thanks for having Andy as your guest he's terrific!!

[@benfaunce7496]

Happy Patriots' Day! Thank you for your service, Robert 🇺🇲

[@piengumponkraison8279]

Everything will be better with good country leaders. , mainly taking into account the interests of the nation

[@granthill2980]

Such as fossil fuels!!

[@Wolf0fTheNorth]

Also get lead/brass. You need to protect what you got.

[@davebellamy4867]

34:50 The great Greg also says we haven't seen anything yet. Also that the dollar will be defended by the Fed turning the US military outwards or inwards to do that. I had the idea that the Afghanistan withdrawal was to being military home to turn it inward on the people at home when needed.

[@Crom21]

What is wrong with not using Us dollars? is it compulsory?

[@TheLudbe]

nixon take gold of the gold standard....Robert say this in every episode...We get it dude

[@stlouisix3]

This is very major news!!!!!!

[@svtilesolutions5640]

So grateful for Robert and Andy. However, it is a burden to see what is coming when everyone else is blindly ignorant and not interested to talking about 'negative shit'

[@enriqueramireze8288]

Earth don't spin..welcome to the REAL WORLD.

[@Facts..Checker]

In year 0000 to 2023, China GDP per capita is Zero from 1800 to 1949.....Guess what, for the rest of the years/centuries China is the/one of largest, richest and advanced nation in the world. Most of us tend to ignore that unique fact/part of the history. Moreover, China is the longest and continuous civilization state (as some scholars called it) since ancient time (BCE) till today! Perhaps China is just returning to its former status and not becoming as suggested.

[@ronwashington1226]

I have a question. Is Jm bullion a reputable source for buying gold and silver. I tried Andy s site but it's not allowing purchase unless you call in.

[@stevencrowder3990]

Yea they are.

[@livinthedream7714]

Miles Franklin: EMAIL us....we'll send you a pricelist

[@andrewschectman1561]

Our new website is almost done.

[@duckhunter8387]

@@andrewschectman1561 Love ya but you been talking about that website for years

[@duckhunter8387]

Never had problem with JM, SD or Golden State Mint

[@gerardramirez6320]

Thomas Sowell said If biden becomes president we may never recover.

[@vadra380]

I absolutely love listening to Thomas Sowell.

[@mcginnnavraj4201]

“There’s more and more of a concern that incoming data is revealing that the Fed might be a little bit behind the curve than maybe they expected heading into this year,” said Bipan Rai, North America head of FX strategy at CIBC Capital Markets. In my portfolio, I'm noticing more red than green. How are other people in this market raking in over $350k gains within months.

[@tampabayrodeo2474]

You might follow a lot of intriguing stocks in many industries. I'll advise you to work with a financial advisor who can assist you decide when is the best to buy and sell the shares or ETFs you want to acquire since you don't have to act on every forecast.

[@hannahdonald9071]

@@tampabayrodeo2474 True. Since I lack the knowledge and endurance to deal with these ongoing market conditions, I've been contacting an advisor for a while. I generated more than $220,000 throughout this recession, demonstrating that there are more market factors at play than the average individual is aware of. Working with a financial advisor is now the best line of action, especially for those who are close to retiring.

[@tunnelvision3246]

@@hannahdonald9071 we’re only just an information away from amassing wealth, I know a lot of folks that made fortunes from the Dotcom crash as well as the 08’ crash and I’ve been looking into similar opportunities in this present market, could this coach that guides you help?

[@hannahdonald9071]

@@tunnelvision3246 My Financial Advisor is MARIA JULIANA RAMIREZ. I found her on a CNBC interview where she was featured and reached out to her afterwards. She has since provide entry and exit points on the securities I focus on. You can run a quick online research with her name if you care for supervision. I basically follow her market moves and haven’t regretted doing so.

[@tunnelvision3246]

@@hannahdonald9071 Maria Juliana Ramirez appears to be a true authority in her profession. I looked her up online and found her website, which I browsed and went through to learn more about her credentials, academic background, and career. She owes me a fiduciary duty to act in my best interests. I set up an appointment to use her services.

[@BLDigitalenterprises]

Wow Very Very Special Podcast Show

[@Kassandrasson]

37:29 the was a summary for the annuls of history

[@midgetmack5344]

Robert with the same Story‼️‼️

[@nicole.patrice]

Where is a safe place to store gold and silver? You mentioned not in your home...and now based on this info...the bank does not seem safe....???

[@darryls]

Thanks Andy, message received loud and clear.

[@azwife1715]

How's your commercial properties doing??

[@livinthedream7714]

He doesn't have any

[@toshiwalling1989]

Ever grateful for all the education Robert has given and It would be even better if Robert lets his guests finish their thoughts and not interfere often.

[@edgarjimene9566]

He has too his guest can only say too much before they step red lines

[@messire9837]

@@edgarjimene9566 What do you mean by red lines? crooky business?

[@edgarjimene9566]

@@messire9837 idk what you mean by crooks business but I’m more saying like censorship

[@Tucsondawn]

Exit swift enter the block chain! You guys have been amazing so much clarity. Thank You, both for all your information. My dad doesn't get this!

[@p2rp]

Well gee, that was fun!

[@pingli8105]

Absolutely insightful !

[@noahsizemore1275]

Also the dig-'ital curr-'ency there cant be bank runs because there's nothing to take out the bank. This is the main reason and control

[@ateelcreddle1487]

A 4th podcast 😮‼️

[@edwinrafaelarjonatun8958]

I would really like up this video thousand times.

[@AlchemistJedi]

Let's talk about how we can build man-made floating islands and start mining the seawater for gold 🪙 and silver.

[@thomasschroeder3391]

A family garden is what is required for Survival going forward. Non-electric tools and Pioneer skills will be required, people with these tools and skills will survive all other WILL DIE. Respectfully, Tom.

[@dallasdoeshair]

I don’t see anything marking “emergency podcast “ 1, 2 , 3 or 4!??? How do we know what videos to watch ?

[@chriseustace9734]

Bring it on The Age integrity for a more Peaceful Life!

[@nathanwyatt1749]

I kind of agree with bricks and the rest of the world how do I put my brics application in

[@messire9837]

BRICS. Please leave Roger Waters out of this, he doesn't need the marketing right now, and you know it.😉

[@Raymondjohn2]

Some economists have projected that both the U.S. and parts of Europe could slip into a recession for a portion of 2023. A global recession, defined as a contraction in annual global per capita income, is more rare because China and emerging markets often grow faster than more developed economies. Essentially the world economy is considered to be in recession if economic growth falls behind population growth.

[@hermanramos7092]

My main concern now is how can we generate more revenue during quantitative times? I can't afford to see my savings crumble to dust.

[@kenanporubsky2122]

It's a delicate season now, so you can do little or nothing on your own. Hence I’ll suggest you get yourself a financial expert that can provide you with valuable financial information and assistance

[@angelicaaquino4109]

Very true! I've been able to scale from $50K to $189k in this red season because my Financial Advisor figured out Defensive strategies which help portfolios be less vulnerable to market downturns

[@hermanramos7092]

@@angelicaaquino4109 How can I reach this adviser of yours? because I'm seeking for a more effective investment approach on my savings?

[@angelicaaquino4109]

@@hermanramos7092 'Christine Jane Mclean’ is the coach that guides me. She’s a verified coach and she helped me see that returns can be made in both bull and bear markets. She covers things like investing, insurance, making sure retirement is well funded and looking at ways to have a volatility buffer for investment risk, look - her up .

[@TheReal5lim8uggy]

Namibia here

[@-reasoning-]

Another amazing podcast Robert! Andy is a boss 💯

[@trevordowney6425]

When the laws are written by criminals who don't follow them, obeying them makes no sense. We need the criminal politicians to pay first before any semblance of trust in law can be adhered to.

[@Z-Samo]

I have read if the money spoke 👍👍👍👍

[@trinamckee7964]

Awesome perspective, Thank you!

[@danny6247]

Its been going on longer than 2020. Its been pieces by pieces for about 100 plus years in AMerica building up.

[@mcmescbanner]

Thankyou.

[@bmuisc3142]

Hi Mr. Kawasaki i am 16 and your book and your vídeos of debt and taxes have change my way in seeing money. I would like to do what you did with your 18,000 house when you started but HOW . All this economic impact is coming and i feel like if my hands are tight up. What can I do untill the economic impact comes. And how can I pass it. Untill i have the age to invest in real estate. Thanks 🙏

[@trudymccann3671]

Two guys who know the Score! Brilliant knowledge about what is Really Going Down!

[@wongthong7]

We need to mine our own business and not other countries

[@TheInterestedObserver]

Our business has always been dependant on other countries why don't you see/understand that?

[@patrickhowell5382]

China built high speed rail system across the world, which doesn't exist in the USA.

[@JamesBrown-db9pk]

good show robert

[@Mountainrock70]

Happy days are here again. So that’s where you got that jacket from! Lol

[@jameslogan507]

If you wanna be successful, you most take responsibility for your emotions, not place the blame on others. In addition to make you feel more guilty about your faults, pointing the finger at others will only serve to increase your sense of personal accountability. There's always a risk in every investment, yet people still invest and succeed. You must look outward if you wanna be successful in life.

[@emryarmstrong6801]

It's amazing how people are trading without fear of making losses, while so many people out there are patiently waiting for Bitcoin price to skyrocket...😂

[@siralejandro9497]

hey guys, I don't know anything about investing and cryptocurrency and I'm looking to get into the space, any help? As well who can I reach out to?

[@maryace2912]

Endue with an expert else you'll lose all your capital and you drop off the market. The importance of professional mentorship of an expert should be in the first step of trading.

[@wilhelminatobias]

I'm new to this and have heard that now is an excellent time to buy. However, I currently have cash sitting in my bank account that I would really like to put to good use because inflation is at an all-time high. Who is this coach that you mention, and do you mind if I look them up?

[@williezeal]

You can employ another adviser, but Mabel Gray is the one who provides guidance. She has years of knowledge in the financial markets, and her approach has worked for me in the past, leading to my success. She offers points of entrance and exit for the securities.

[@LakeyLuvlok]

My 7yr son was telling a girl at a coffeeshop about this channel today. He was warning her about the crash lol

[@billnoname8093]

the world is not going to wake up, some will, but most will die by there ignorance

[@erikbusenbark4865]

IRS also arming up. Ray Dalio video is must see.

[@rosepeters8764]

"Why losing your job is an opportunity" - Robert Kiyosaki

[@ryanphilips4808]

To attain financiaI independence, you need the experience of a financiaI consuItant to achieve your goal. The rich ones seek consuItants to help grow their finance and claim to attain success themselves.

[@ryanphilips4808]

I engage in various investments through proper planning and guidance from my financial consultant and have so far acquired great returns (the amount is confidential).

[@angelascoffy9092]

The substantial approach you got here; feeling so good to be here.

[@duranamaris8476]

I’m delighted to stumble into this. I feel so good engaging in the opportunity

[@dustinmiller2775]

Just Over Broke

[@glgl3622]

I hope Robert will spend less time mentioning some ideas from previous broadcast to save time for everyone listening and go straight to the point. It will help a lot ^^

[@user-vf1dh8jj1s]

About time ! Wake up America before it is too late . Canuk Steve

[@uneducatedEntrepreneur]

Wow

[@markpatrick9846]

Always talking about gold. Buy buy buy gold but he sells gold for cash???????

[@cedricwai7499]

Robert and Andy, you’ve forgotten that US stabbed France’s back on the submarines deal with Australia, an ally never do that to another ally.

[@blessedfamily7117]

Don’t forget the record fine on French bank BNP imposed by the US government AND US takeover of French power company Alstom!

[@ttfan3257]

0700 USD power comes from protecting SA 1730 retraction by Elise

[@EducateFinancial]

The thing to understand is France owns British energy's ... Think about now who actually controls the UK now also...?

[@brianlowe3529]

Statue of Liberty 🗽

[@jorgeurquizo2472]

The stone who create the ripple effect was "the exceptionalism mentality".

[@marlondlee8740]

Robert quit talking and let the man talk stop interrupting the man let him explain.

[@livinthedream7714]

"I wanna tell you about my Vietnam days!"

[@pgsats]

France was snubbed by the USA in the purchasing of new nuclear submarines, which were given to Australia I suppose that didn’t help

[@pgsats]

@@KASPA-KEY as they say they know which side their bread is buttered on

[@jeremytecle4945]

As always, tons of value. Great show 🔥🔥

[@godtenderlovingcare]

Thanks

[@rosekrynzel6424]

We just bought gold and silver from Andy 🙏🙏🙏

[@messire9837]

Good thing! I love Andy Dufresne... Be careful, though. He's smart, very smart...

[@Rugbaleg]

You’ve been conned

[@reasoning..]

Remember the US Nuke submarine contract where France got the shit-end of the stick?

[@bmw803]

Hi guys. Bangladesh is the latest one walking away from USD.

[@billy-joemarr2497]

Will the peg work. Commodities and the new dollar

[@paulwilson7622]

A visual/memory of the debacle of 'running away' from Afghanistan by the US & its military, was the military transport taxing away with people clinging to the aircraft and at its worst, after take off, some falling to their deaths! Military Transport= US Government Civilians clinging & falling = US allies

[@iolohammer]

mutually beneficial?? peaceful deals?? mr Andy, have you actually researched these infrastructure projects China is making abroad? have you seen what people in those countries think about them? I strongly urge you to do so! so far all I'm seeing is how well you eat up that Chinese state propaganda (and probably their money) and how well you pass it on

[@BJARNE-SOLBERG]

French has just wake up. Germany has just lit the ultimate fuse...sending Germany into a guaranteed uncertain future..

[@loktom4068]

That silly boy called Chancellor " SHORT " clapping his hands ✋️and dancing merrily with his bed buddy " little joe blows " as his homeland energy lifeline got blown up by that same person announced he would do it one way or the other.

[@allaboutstress361]

Yet again, brilliant conversation Robert, Kim and Andy. Thank you. Kiwi!

[@italianpride127]

What is the timeline prediction

[@alternativeopinion310]

How about another "FINAL, FINAL WARNING"?

[@livinthedream7714]

Robbie is gasli g at straws now

[@loktom4068]

U✔️👏

[@michaelharvey9758]

How inept can one be. Janet Yellen is claiming that de-dollarisation is not a worry for her😮

[@mkaberli]

She must have her offshore bank account in Chinese Yuan or Russian Rubles. If so, why would she worry?

[@logician3641]

MK Ultra mind control is a thing....

[@TheInterestedObserver]

Well de-dollarisation is a vital part of bringing in a system not dependant on the current structure of the dollar so why would it be a problem for her? It's like you know you are getting a new car and your kids get upset when they see a 'for sale' sign on your current car. They might be attached to it but you know there is a new one in-coming.

[@jessiejames2020]

Thank the both of you. People better listen. FULL.

[@belekastoksanoks8196]

Can ill buy from your friend silver without any tax? Cause other minting resellers put price extra on the top😀

[@celestino001]

So basically the us dollar needs to be backed by something. It may be gold, oil, gas or us real estate? Maybe all that us produces( if possible)? Either that or the usd will fall.

[@blakdavisboy]

🔥🔥🔥🔥🔥

[@simonrickman9722]

what does the USA expect when it weaponises the $$$, reserve currency..humanity moves forward by collaborating, not restricting the world to share (invest) & grow..fascinating discussion..let’s see what the world order looks like in the next decade..

[@livinthedream7714]

Invest in short-term bonds, gic's

[@mnielsen005]

Robert, what are your thoughts on real estate investment during hyper inflation?

[@ml-mw7ms]

Like he said in one of his history lessons. WWW2, with hyperinflation in Germany, an ounce of gold would buy you a whole block of real estate.

[@timbumper7629]

Much respect to the OGs! Great info.. I hope people listen…

[@markryan430]

At 34:16 you stated that the banks who wanted the US to print more dollars for their reserves was going to give all that money back and that would cause hyperinflation. But correct me if I am wrong, the banks had to purchase US dollars with their own currencies, and then pay the Americans for the bonds that fill their reserve currencies(with US dollars). So the banks hold the notes that force us to give them back the dollar. So how would this cause hyperinflation?

[@cross3fire]

Ouch! This is gonna hurt...

[@JewTubeSux]

We have finally hit our goal on silver and gold. We've been buying 20 ozt of silver rounds per month and 1 ozt gold quartly, for 8 years and 4 months. 2,000 ozt .999% silver rounds (mostly SD BULLION FREEDOM ROUNDS) 33 ozt of .999% gold coins (Both "Buffalos and Maples") We have other gold and silver too (Gold and Silver U.S. Eagles), but those don't have my preferred ".999% purity." In a barter/trade scenario, those U.S Eagles will go first.

[@orphancharmander1168]

Depends if he is stacking for more people, then himself 😏🇩🇰❤️ Sounds like it 👍🏻

[@carolynbell4720]

CONGRATS!!

[@oi88113]

Switch to google ran phones?

[@keithmoten8918]

Sounds like our money is no good outside the country soon.

[@memphiskennedy9541]

It's not good inside the country lol. Have you seen prices!

[@keithmoten8918]

@@memphiskennedy9541 Video is more about countries getting away from the American Dollar. Yes, and I also see the inflation problem kicking everyone butt.

[@chriskanda1221]

the "early 2000's cable television style" commercials are priceless 😅