Robert Kiyosaki and Heresy Financial Tuesday 3-14-2023
Rich Dad's Kiyosaki: Brace for bank runs, 'collapse' of world economy, crash of all paper assets
David Lin: 3-14-2023
Robert Kiyosaki, best-selling author of "Rich Dad Poor Dad" gives a grim outlook for the economy, and the possibility of bank runs everywhere.
0:00 - Intro
1:30 - 'World economy on verge of collapse'
5:20 - Bank runs
6:40 - Biggest things to "fear" now
9:25 - Bitcoin and crypto
12:10 - Inflation is here to stay
14:35 - Oil and Petrol dollar
18:12 - Generating cash flow
20:00 - Real estate investing
25:30 - Unemployment
27:20 - Jobs and taxes
28:40 - Life lesson from the military
31:20 - Capitalists and communists
33:55 – Equiton
This is How Money Disappears from the System
Heresy Financial 3-13-2023
Where does all the money go when the money supply declines?
This is a question that has been on many people's minds recently, simply because the money supply does not normally contract.
Historically speaking, we can go back as far as 150 years. We can see that very rarely does the growth rate of money dip below 0%. Meaning, the money supply is growing and only a few times in the last 150 years has the total amount of money in the system shrunk.
So, one, how does this happen? And number two, where does that money go when it disappears from the system when the total amount of money shrinks?
Timecodes
0:00 Video Introduction
0:54 The Concept of Stable Money Supply with Commodity-Based Money
2:54 The Emergence of Banking Services and Paper Money
4:57 The Impact of Money Supply Expansion on Prices
5:58 Decline on the Money Supply
6:56 The Importance of Understanding the Money Supply System 9:45 Money Creation and Destruction
11:51 Quantitative Easing and Tightening
13:01 Institutional Money Market Funds and Money Supply
14:30 Offshore Money and M2
15:57 Where does Money after the Money Supply Shrinks