Cameron...get this guy on board.. :-018 Dec 2021 12:58
Just an extract from Express article.... Rich dad poor dad Author ..
He has been looked at with reverence similar to Warren Buffett, but Mr Kiyosaki is often far more open about the unfortunate circumstances of the current economic climate.
Mr Kiyosaki added that derivatives, or "fake assets" currently outnumber actual debt globally: "Debt is measured in trillions, and the derivatives market is measured in quadrillions.
"Everything is fake now. So, it's like I give you an 'I owe you', and you give somebody else an 'I owe you', and we just pass these 'I owe you's' around, and this market has grown so big, it's now in the quadrillions."
He revealed that this is the exact reason why he prefers gold and silver over currencies, sharing: "I say it's not how much or what's going to happen in the future. All I care about today is how many ounces you have. Because in a few years, you're going to wish you had bought more."
While paper money is a relatively common concept, Mr Kiyosaki pointed out the small uptake when it comes to physical pieces of tangible wealth like gold and silver.