The Impact of Central Bank Digital Currencies – Robert Kiyosaki, George Gammon

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The Rich Dad Channel

July 10, 2024

In this episode of the Rich Dad Radio Show, Robert Kiyosaki and guest George Gammon dive into the complex world of modern money, discussing the implications of Fed Coin, central bank digital currencies (CBDCs), and the banking system’s vulnerabilities. They explore the impact of historical financial systems, the potential loss of privacy with digital currencies, and the current state of the global economy.

They discuss how individuals can prepare for impending economic challenges. With real-life examples and insightful commentary, this episode is a critical guide for understanding and navigating the uncertain financial waters ahead.

00:00 Introduction
01:39 Understanding the Banking System and Its Risks
03:40 The Orwellian Implications of CBDCs
08:15 The Role of the FDIC and Moral Hazards
10:24 Global Financial Instability and the BRICS Nations
13:06 The Tsunami Analogy: Predicting Financial Crises
30:44 Preparing for Financial Turmoil

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Disclaimer: The information provided in this video is for educational and informational purposes only. It should not be considered as financial advice or a recommendation to buy or sell any financial instrument or engage in any financial activity.

The content presented here is based on the speaker’s personal opinions and research, which may not always be accurate or up-to-date. Financial markets and investments carry inherent risks, and individuals should conduct their own research and seek professional advice before making any financial decisions.

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