When Money Destroys Nations - Capitalist Manifesto - Robert Kiyosaki, Phillip Haslam
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- Опубликовано: 19 ноя 2021
- The Capitalist Manifesto series features stories told by real people from around the world who experienced socialist or communist regimes.
In this series, you will hear true stories from people like…
Philip Haslam who is an economic advisor, writer, and speaker who reveals in his book, "When Money Destroys Nations" how the collapse of the Zimbabwe dollar in 2009 after years of rampant money printing is a frightening example of what lies in store for countries that resort to printing money to pay national debts, bail out banks and oligarchs, and enrich political elites.
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I loved your book THE CAPITALIST MANIFESTO. As scary as it was, your writing was very easy to understand because you used the KISS method (KEEP IT SUPER SIMPLE). I am continuing to make my own money by selling clothes on eBay. I know I can sell other items on eBay to make money, but, I found this way a lot simpler and it is a lot less likely where I get a lot of returns. Thank you very much. I am looking forward to reading THE RAVEN when it comes out.
It's not money you're making, most likely....it's fiat currency.
Great joining you on the show @Robert Kiyosaki.
Great show! I'm getting the book!!!
In my country Venezuela Chavez printed insane amounts of bolivars. The results showed in 9 10 years, the wave started little by little but when the wave hit it was disastrous. I remember it took 3 weeks for everything to fall apart. One week I could find chicken and meat. Next week there wasn't any chicken or meat in any supermarket, then I got fish and shrimps, third week, there was not any chicken, any meat any fish any shrimps, all frozen zone in the supermarket was completely closed in every supermarket, it was a desperate situation. All I could get was 1 package of rice and 1 liter of oil, I hit bottom that day I'll never forget, and I knew it was time to leave my beloved country against my will.
It's a little different if that happens in the US because if that happens here it means the credit system around the world shuts down completely and it happens everywhere all at once and there's nowhere to go
literalmente eso va a pasar en Chile con los retiro masivos de pensiones aumenta la inflación
Brother, when did this happen? I’m born and raised in Paraguay and now in Canada for the past 16 years..
I don’t ever remember hearing about the Bolivar crash like ever.. Sucks to hear that.. I’ve traveled Bolivia in 99 and it was beautiful to see.. Amazing ppl too
*“If you’re not failing, you’re not pushing your limits, and if you’re not pushing your limits, you’re not maximizing your potential” - Ray Dalio*
I like my Veno.
Fact…
Excellent episode! Everyone should see this and read both books.
You look like, you got trouble written all over you.
This is why i keep telling people, it doesn't matter how much Gold, Bitcoin, or Silver you own. If the entire global supply chain collapses, as it is right now, then you won't be able to purchase any goods or services with all the Gold, Silver, or Bitcoin you own.
You need Food, Water, Shelter, and Guns.
Those are the only things that will give you true value in a collapsed society. You need to stock up on Food, clean Water as well as water filters, Electric Generators, Shelter, and Guns.
you are still going to need the gold,silver and crypto for when the crisis is over, crisis don't last forever there is always an after.
@@tonnypedersen5915 But you don’t know how long the crisis will last. It can be 6 months, or 6 years.
With the Human Society as Complex and connected it is today, this crisis can last many years.
I kept waiting on him to mention gold and silver, but I believe the average person didn't have any.
He talked about battering, but I'm not sure how that will work in the US. I don't know anyone who grows chickens or tomatoes. I dont know anyone who makes clothes.
The average person in America may not have much to barter. So if you have prepped and stocked food and supplies, most people you encounter may come with their hand out and nothing to give in return.
I could be wrong, but this looks like a catastrophe of EPIC proportions.
Hit me up☝☝☝❤..
I relate to Philip’s mindset and understanding so much. I keep telling people the crash is already here and by the time everyone realizes a crash is happening it’s too late to prepare. Don’t wait until it’s announced. Act like it’s happening this Christmas.
👏👏👏R👀💕ghttt🤘🤟👍✌️
I learnt alot from this particular episode. You guest is so precise and simple its really a light bulb moment for me. Thank Mr Kiyosaki and Mr Haslam
All this was happening when I came to Romania on the International Aid Movement 30 years ago....84 Lei to the UK pound. 6 weeks later on my second Aid Visit I got 160 Lei to the GBP. In 2000 it had risen to 50,000 Lei to 1 pound UK. Then the IMF "bought" Romania and "saved" its currency and made the RON (ROmanian New lei). The only condition was that the RON had t remain Fiat (no gold backing). I went into a local supermarket 2 days ago and a nice box of chocs for Mikulas had jumped to over 100 RON. Last year this time it would have been 40 RON maximum. So Hyperinflation has started AGAIN for us here now. THE ANSWER IS RESTORE THE GOLD BACKING NOW. AND EVERY SMALL COUNTRY SHOULD DO THE SAME NOW!
.
It couldn't have jumped from 40 to 100, to 60 is more realistic.
The best RUclips channel , hello from Russia 🇷🇺
Im from Zimbabwe 🇿🇼
Could you explain how the transition affected everyday lives of Zimbabweians.
Thank you very much Phillip and Robert. Happy Thanksgiving!
About 10 mins in and my stomach hurts. All of a sudden I feel overwhelmed with the idea that what happened to Zimbabwe may (potentially) happen here in the US. I live in WA also.
I all of sudden fear my wife and daughter being in this position. Now doing real estate and the fear of rejection is now less then the fear of my family being in turmoil. And I can do something about it now.
Jesus, bless me with wisdom. Help me to get to the next step. The next place.
In Jesus name I pray.
Amen. 🙏
Yes I'm a 55 yo Zimbabwean now living in Australia. It was and still is very sad. My step dad worked on the railways in early 80s and had 3 insurance policies with reputable insurance companies which he religiously contributed his hard earned valuable money to each month for his retirement. Well when he eventually did retire his policies were worthless could barely buy a loaf of bread and a pint of milk!! Such a beautiful wealthy country the bread basket of Africa just mismanaged.
Such a shame. God bless Zimbabwe 🙏
Hope you recover from the stress you all went thru with. My sympathies. A fellow African.
"If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their Fathers conquered.... I believe that banking institutions are more dangerous to our liberties than standing armies.... The issuing power should be taken from the banks and restored to the people, to whom it properly belongs." ~ appeared in a 1937 Congressional subcommittee report
Eye opening information, this was a great episode.
Articulated simply and very well. Buying precious metals will be one way l will be going 😄
Love your work Robert. Big Fan. Met u at book signing in 2011 in Los Angeles. Keep it going my friend.
This South African man is a modern-day prophet
Key point that I believe they don't clarify or make the distinction, for people that might not know, or don't have an econ background. You can just say, the US or EU is printing money like never before...because then people think that, central banks and the FED are literally printing money with their machines, and they are not. They aren't printing money, like they did in Zimbabwe or Venezuela.
So what are they doing then
on my fourth watch & preordered The Capitalist Manifesto. great content!
I see the book When Money Destroys Nations online but I can't find Robert Kiosaki's book Capitalist Manifesto anywhere not even Amazon..
Thank you very much teacher Robert 💝
Excelent content as always Robert!
We just bought his book. Excellent interview!
Nice one Robert! Kiwi Phil
Thx for the great explanation
1st - Robert you are looking Sharp ! Other than that Great interview. Would love to say I've been watching you for a long time, but, being Not tech savvy. I have read, your actual books. But I'm learning these cell phones etc. Plz don't go no where. I'm hooked on you & Mrs. K. Your shows are great & very informative. I pass them on to the younger folks, si they can start learning early.. Thk you
I was thinking about a possible way to counteract price controls... you know how all of these companies are encouraging you to round up make a donation... What if the business added a per item inflation fee so that way the base product price remains the same... This would also serve as an educational tool to the public....
Hit me up☝☝☝❤..
Great information!📖🙏
I was really impressed with how Phillip articulated such a complicated process, he really put it in a nutshell. I can't remember the last time I enjoyed an interview so much however it left me with one BIG question... apart from physical gold which governments have a history of banning during hyperinflation, where do we put our money if the entire world is in this shitshow together? I know you said Crypto but I am sorry, I just don't trust it. Mainly because it was introduced just a year after the governments of the world realised the current Western fiat monetary system was doomed back in 2008. I certainly don't believe that some brilliant programmer with a Japanese pseudonym name, who's only contact with the outside world died at a young age and is therefore evermore 'unknown', is the creator of Bitcoin.... The Lord Of The Rings was not that far fetched! No, Crypto is a trojan horse which was put in place by the very people who tout to denounce it, the FED and believe me, they have an exit plan for it. Crypto in conjunction with all the paper gold (60K + for every 'physical' ounce) have worked as they planned to keep the price of minerals, physical gold, low but it's not working so well lately. Try as they may it's not going down now and I am guessing desperate times call for desperate measures so I am bracing for what comes next.
Thank you Robert & Phillip, you guys are fantastic!
You read my mind. I truly see the powers that be using the media to hype up crypto the same way they do the virus.
They let people get excited and keep buying, while they keep gold off the radar by keeping it suppressed. While they quietly buy it by the TON.
One day, they make crypto illegal and force businesses to stop using it. All the money in crypto is heavily taxed when converted, making it basically useless.
Gold and silver then skyrocket in price, but few people capitalize on its rise because all they were focused on is stock and crypto.
Join the trade market and earn 👆🏽👆🏽👆🏽
Don’t fall for scammers!!!!!
Hello Mr. Kiiyosaki,
How can I reach you ?
Thank you.
Hit me up☝☝☝❤.
South Africa 🇿🇦 ♥
Sad to hear, Robert and Kim split up 😞 Robert's hard core, rugged individualism personality got him his riches but has melowed out a bit over the years. We appreciate your efforts producing this public service radio show. Thank you!
We left Zim in 1999 when I was nine years old. I remember a coca-cola 340ml bottle (it was an actual glass bottle) cost $2 in week one, then $4 in week two, $8 by week three, and by week four, you couldnt find a coke anymore.
Love, from South Africa
Damn! It must be sad to not find a coke anywhere around! My condolences❤
Mind blowing, it would be good to follow up with this subject next year.This actually makes me nervous becuz I'm glueless
Hello Robert why are you not speaking about American sensation on a country which also playes a major role currency loosing its value
Not only money printing.
because they're openly biased nowadays
We have jumped the first fall after the banks failed . Thank You for trying to warn us Philip .
EXCELLENT!!! so interesting & informative.
I really loved and appreciated the name of your new book capitalist manifesto 👍👍✊👊
Hit me up☝☝☝❤.
Thank you Philip for writing this book. I'm going for the Hong Kong dollar.
Great information but nothing new and actually no way out. I've been fortunate to have (for years) increased my company's next years margins base on current and estimated inflation.
Hit me up☝☝☝
How do I get his book copy??
Nice
Thx you Robert this book is mind blowing
The guys framework is the real deal!
Hit me up☝☝☝
the biggest difference is they know how to make it happen from history. By that we know they are doing it on purpose!
Robert has always been a genius. Simplifying the complicated
I tried to preorder but it looks like it’s only US for now..
Hey friends does anyone knows the brand of Roberts shoes ? That would be so awesome
@@Admin-ox3sv I don’t want more Bitcoin I want these shoes man :D
Awesome points!
Should the Swiss Franc be the new world reserve currency?
Was a fantastic listen, thank you.
Economics studies here. Thanks Robert. Can't governments control prices?!
hanks~~~~< for watching_and don't forget••• to hit the like>
I~have~a~life~changing~investment~for~you🚀🚀
Chat up💬….☝️☝️
Hello Robert, I am Your Biggest Fan, I would like to meet you.
Hit me up☝☝☝❤.
When will it be on audible?
In Malaysia, printing money has become a habit.... i already have planned to buy aset that counter it....
Hit me up☝☝☝❤.
Super épisode and so excited about this new podcast series 😎👍 Thanks to the Rich Dad company for the hard work and to always provide good quality educational video on personal freedom and capitalist
Hit me up☝☝☝❤.
shame there is no audiobook version of When Money Destroys Nations
YES! Been waiting for the book
Are there any types of comparaison like how the us gov printed in proportion of how the zimbabwe did back in the days?
Greetings from Venezuela! Too bad we are a good example for bad decisions.
Money has never destroyed a nation. Currency has!
Dollar is reserved currency so collapse as we think will not happen, though high inflation is real threat. The sin of printing are shared with other country and they too slip with America. Relatively we will be in same spot but gold, btc and other hard asset increases (again relative to $) .
😎👍
Already ordered it direct from Rich Dad!
Inflation. Is the perception of the difference in supply and demand represented by money. When there is more money there is a magnified difference in perception of value.
In a world where there is more money. And more government control. One must buy tools of barter. Now. Buy tobacco, buy food, buy crypto, buy silver, buy shit today for less for when it becomes priceless in the future.
Thank you Robert & Philip! -Erik!
Well eventually we should learn one thing from this inflation,which is.... whom we vote to run the office.
A wrong leader make us beg for food.
Hit me up☝☝☝❤.
Wise words from Vladimir Lenin. The money printer leads to little understood pain and poverty.
Leads to inflation
lol most people with some education from school knows it causes inflation. They did the same in germany once...
@@rasmuspedersen3563 not only there
What did you cut at the end there?! Can you tell us more about flying into Japan and being asked if you were carrying gold?
New Viral Chant, may need a copyright or trademark: “Let’s go, Printer!”
Yeeees finally!
Two people i intend to meet in person just to hear more of the wisdom beyong the books and RUclips video.. It is you and your wife Kim.
Hit me up☝☝☝❤.
Not his wife as of 2017. They are best friends
Do not worry American is so strong never going down
Robert looks really young for his age here.
Wow Great, Great, Great, Show Capitalist Manifesto !! My mindset is Completely Blown Away from The Normal Reality Robert, big shout out on your 1st Episode... I Love it and I'm getting the Book 📚
How do I get the book copy?
This should be looked at internally and be title, “When money destroys a man”.
Brilliant
Hit me up☝☝☝❤.
Thank you so much for this video.
"Money printing funds the government, but at the same time it erodes the tax base of the government" wow what a concept. Never thought of it like that before.
👌👌👌
"It is easier to rob by setting up a bank than by holding up a bank clerk." Bertolt Brecht
That name tho 👀
Robert, would there be an Audio Book version of this Book? I'm so looking forward for its release
☺
Robert, you see, about Venezuala there is a kind of big fish eats little fish. USA unilatera economical measures, not resepcting international law submits Venezuala, by usisng power of money. it is strange you do not mention that as a fact. What foreing couse afecct this african nation? It is like talking about the robery very much but without mentioning the rober or the thief.
what would happenen if the main stream media showed this interview all a cross their news networks, folks ?
I don't find his website, would anyone mind giving me his website please?
👍🏼
Hit me up☝☝☝❤.
Thankyou
Hit me up☝☝☝❤..
I love all your words. Am Jonax from Uganda
This is being done on purpose. Digital currency will come with more government control.
Hit me up☝☝☝❤.
Would you advise any impact on real estate valuation and rents in your study of hyperinflation situation? Thanks
Fascinating
Only shipping within the US.. there is a place called the rest of the world! Let me know when you can ship international or provide a PDF, thanks.
spoopy
When the top of the fiat ponzi decides to take theirs off the table. It’s a global economy… how about a global world debt forgiveness day, you know, if the stock market crashes, otherwise not😊
We're already undergoing debt forgiveness by destroying the value of the dollar. Problem is, the only people that are aware of that are the wealthy and soon-to-be wealthy, while everyone else listens to Dave Ramsey and pays off debt.
Personally, I ramped up my debt, because I'm able to get it at low interest through negotiated margin and heloc, then I'm able to multiply it at rates higher than the interest through rental properties and my dividend swing trade hybrid strat (LIFO accounting).
Another reason I borrow, is because I locked a lot of my net worth in what I call "defendable assets". They're assets that may have lower returns, but which will never hit zero value, even under EMP/grid down/etc. So with so much crystalized wealth, I need more liquidity to keep the income streams growing, and that requires debt, preferably at 2% - 5% a year.