Best of Robert Kiyosaki: Why the Dollar Is Dying and What Comes Next

Summary

Rich Dad Radio Show: "Best of Robert Kiyosaki: Why the Dollar Is Dying and What Comes Next"

Date: October 22, 2025
Host: Robert Kiyosaki
Guests: Ted Siedel (referenced), Doug Casey, Harry Dent, Rick Rule

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Episode Overview

This “Best Of” compilation episode features some of the Rich Dad Radio Show's most powerful insights on the deteriorating value of the U.S. dollar, the risks to traditional wealth-building strategies, and what investors can do to protect themselves. Robert Kiyosaki and prominent guests Doug Casey, Harry Dent, and Rick Rule explore the systemic issues within the American economy, the dangers of fiat currency manipulation, demographic shifts, the fading promise of pensions, and actionable strategies involving gold, silver, cryptocurrency, and real assets.

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Main Discussion Themes

• The decline and risks of the U.S. dollar (“fake money”)
• Why traditional financial advice and pensions may be dangerous
• Demographic trends shaping the global economy
• The role of precious metals and cryptocurrency as alternative stores of value
• Risks and strategies in real estate and mining
• How to adapt your financial plan for uncertainty ahead

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Key Discussion Points & Insights

1. The U.S. Dollar as "Fake Money" and End of Trust in Institutions

[01:34] – [05:02], [09:00]

• Kiyosaki’s Central Warning:

  • "America's number one export is fake money. We print money."
  • "Financial planners will tell you bonds are safe and all that. They're lying to you. Not true. There's nothing safe in the [markets] today because America's number one export is fake money."
  • "My generation, the boomer generation is screwed because we trusted these financial planners, we trusted these pensions... those guys are turning out to be some of the bigger crooks."

• The Scale of Money Printing:

  • Kiyosaki claims the U.S. is printing a trillion dollars every 90 days—fueling inflation and undermining savings.

• Consequences for Savers:

  • "If you read Rich Dad, Poor Dad, you know I put savers are losers. You don't save money because they're printing it. Why would you save something they're printing?" ([05:02])

• Stein's Law:

  • Quoted as: "What will come to an end will come to an end" — underscoring the unsustainable nature of perpetual money printing.

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2. The Failure of Traditional Paths and the “Rat Race”

[03:41], [07:23]

• Kiyosaki on Financial Myths:

  • "Schools tell you, go to school, get a job, work hard, save money... they're lying to you." ([03:41])

• Doug Casey on College & Life Preparation:

  • Urges young people to avoid wasting four years (and lots of money) on college indoctrination, and to focus on becoming "Renaissance men."

• American Stagnation:

  • Kiyosaki laments, "I meet so many American men who sit in the basement playing video games, hoping their 401k works."
  • Casey adds, "They're acting like houseplants. And acting like a houseplant is not a good survival strategy for a human..."

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3. Artificial Intelligence, Obsolescence, and Cryptocurrency

[03:41] – [05:02]

• Impact of AI:

  • Kiyosaki predicts many traditional careers—lawyers, accountants, even some doctors—will be replaced or diminished by AI within five years.

• Crypto as Real Money:

  • "Bitcoin... is real money in a world of fake money... Bitcoin and Ethereum are safer than the fake US dollar."
  • But notes, "I'm not saying it's safe. I won't lie to you there. But... it's safer than the dollar."

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4. The Pension Crisis and Boomer Inflation Risk

[05:28], [10:50]

• Ted Siedel Exposed Pension Fraud:

  • (Referenced as co-author) “Blowing the whistle on our fake pensions... Teachers union pensions, CalPERS, all those criminal operations... they’re stealing from you.”

• Kiyosaki & Casey on Inflation:

  • Citing Warren Buffett: "The worst thing that's going to hit the boomer generation with their 401s is inflation. No matter how much they have... We're spending $2 trillion more than we pull in.”
  • Dent: "The dollar is losing value in real terms between 5 and 10% per year... the government’s figures can’t be trusted.” ([11:14])

• Gold/Silver as a Lifeline:

  • Casey: “I've used gold and silver as savings vehicles forever... I think silver is still relatively underpriced. It's going higher.” ([09:41])

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5. Real Assets: Gold, Silver, and Real Estate

[11:14] – [17:00], [28:53] – [39:08]

• Kiyosaki and Rick Rule on Precious Metals:

  • Kiyosaki: "I've always saved gold and silver. Once I understood what Nixon was doing and what it took, Johnson took the silver out of our coins. Why would you save fiat, fake money?" ([31:47])

• Rule’s Investment Lesson:

  • "Gold is about not getting poor slowly. If you can afford to be aggressive, silver tends to outpace gold in a bull market... if you're ambitious, invest in gold and silver stocks, which can give outsized returns but with more risk." ([32:35])

• Liquidity and Political Risk:

  • Kiyosaki: "I took a gold mine public in China... a Chinese nationalized it. I don't eat Chinese food anymore..." ([35:31])
  • Rule: “Political risk can be much higher than you expect—even in the U.S. [e.g., California mining taxes and regulations].” ([36:27])

• Sequence of Bull Markets:

  • Kiyosaki: “Isn’t there… gold goes first, then silver, then the miners?”
  • Rule: “Precious metals bull markets are led by gold... when popularity and momentum expand, silver follows, and eventually mining stocks surge—the market is too small to absorb the flood of investors.” ([38:01])

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6. Demographics, Decline, and the “Greater Depression”

[17:00] – [26:59]

• Harry Dent’s Demographic Analysis:

  • “When I started forecasting in the early ’80s, I said... Japan is the fastest aging developed country. They’re the ones going to go down after 1990 and we [the U.S.] are going to have the greatest boom in history—because of the baby boom generation. Now, they’re aging and no longer driving the economy.” ([17:48])

• Aging Populations = Economic Drag:

  • “Who spends money? People aged 20 to 46. Now it’s 47 in most countries. Old populations slow economies down... Ask Japan.”

• On Immigration as Economic Lifeline:

  • “Countries with strong immigration like the U.S., Australia, and New Zealand will fare better—immigrants help balance out aging natives.”

• Dent’s Warning:

  • “I think we’re in for something I call the Greater Depression—a period when most people’s standard of living drops significantly, much different and much longer than what we had from 1929 to 1946.” ([08:16], [25:00])

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Notable Quotes & Memorable Moments

• Robert Kiyosaki:

  • "Savers are losers. You don't save money because they're printing it. Why would you save something they're printing?" ([05:02])
  • "All those A students who went to school and became attorneys and accountants and even doctors are becoming obsolete because of AI..." ([03:41])

• Doug Casey:

  • "They're acting like houseplants. And acting like a houseplant is not a good survival strategy for a human, especially not in the kind of times we're headed into right now." ([07:35])

• Harry Dent:

  • "But what do you save it in? You can't save dollars. You can't. They're hot potatoes... an IOU, nothing, on the part of a bankrupt government." ([09:40])
  • “Failure, by the way, is the secret to success.” ([22:24])

• Rick Rule:

  • “Gold is about not getting poor slowly... When you move into a real precious metals bull market, the upside volatility is unlike almost any other financial market on the planet.” ([32:35])
  • “[On gold vs cash:] I have... since the year 2000, measured my income, net worth, and expenses in both gold and dollars. If you do that, you're struck by how cheap food and gas are in gold terms.” ([34:35])

• Robert Kiyosaki (on inflation):

  • "If you're still saving fiat or fake money... I've gotten very rich just because I don't save cash. I save gold and silver." ([31:47])

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Important Timestamps

• Fake Money, Dollar Printing, and Financial Myths: [01:34] – [05:02]
• AI & Cryptocurrency as Response to Dollar Decline: [03:41] – [05:02]
• Doug Casey: College/Skills vs Indoctrination: [07:23] – [07:33]
• Harry Dent: The Coming Greater Depression: [08:16] – [08:57]
• Inflation's Impact on Retirement: [10:50] – [11:14]
• Demographics Driving Economic Boom/Bust: [17:00] – [26:59]
• Gold, Silver, and Real Asset Investing Stories: [28:53] – [39:08]
• Sequence of a Precious Metals Bull Market (gold → silver → miners): [38:01] – [39:06]

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Episode Tone & Style

Direct, no-nonsense, often skeptical or openly critical of mainstream finance, tinged with humor, candor, and occasional contrarian optimism about alternative assets. The discussion leverages personal anecdotes and decades of experience, aiming both to warn and to empower listeners.

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Actionable Takeaways

• Question traditional financial planning—don’t blindly trust pensions or the dollar.
• Consider alternative investments—gold, silver, cryptocurrency—for protecting wealth.
• Understand demographic shifts and prepare for the impacts on markets and economies.
• Embrace lifelong learning, practical skills, and adaptability (especially as technology upends careers).
• Diversify internationally and in types of assets; political and economic risks are global.

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For Listeners

If you’re concerned about inflation and want to understand why the rich operate outside the conventional financial system, this episode offers tough-love advice, cautionary tales, and clear alternatives to safeguarding your wealth as the economic rules rapidly change.

Transcript

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[Harry Dent]

Dad Radio show has sparked powerful conversations, challenged conventional wisdom, and revealed the truths about money most people never hear. In this special compilation, we've pulled together some of the most eye opening, controversial and unforgettable moments so you can revisit the lessons that continue to change lives. Get ready for the best of Rich Dad Radio.

[Podcast Announcer]

This is the Rich Dad Radio show, the good news and bad news about money.

[Robert Kiyosaki]

Here's Robert Kiyoshi Kiyosaki.

[Robert Kiyosaki (Host)]

Hello, Hello, Hello, Robert Kiyosaki.

[Robert Kiyosaki]

I'm going to be talking about this book here with my co author, Ted Siedel. So Ted's not beyond this call, but I think it's important that I continue on anyway. And at the back of who Stole My Pension, which came out in 2020, it says, what is America's number one export? And America's number one export is fake money. We print money. And these financial planners sell you bonds and all that. And there's a law called Stein's Law. And Stein's Law says what will come to an end will come to an end. And the reason I want to talk about this here is my generation, the boomer generation is screwed because we trusted these financial planners, we trusted these pensions. They trusted the teachers union pension, they trusted the Teamsters union pensions. And those guys are turning out to be some of the bigger crooks. And these financial planners will tell you bonds are safe and all that. They're lying to you. Not true. There's nothing safe in the Mrs. Today because America's number one export is fake money. We print money, and I think we're printing a trillion dollars, what, every 90 days or something. And the ways you can print money is you first have to create a bond, a U.S. treasury bond. And these financial planners and pensions buy them like crazy. They basically say that bonds are safe, they're not safe, nothing's safe, Stupidity isn't safe. And so that's why I found that rich dad. The cash flow board came over here so you can at least educate yourself. Don't even believe me. The very simple reason is very few people can do what I do. You see, most people, you look behind me. This is called the rat race. And that's where schools tell you to go to, you know, go to school, get a job, work hard, save money, and da, da, da, da. They're lying to you.

[Robert Kiyosaki (Host)]

They're lying to you.

[Robert Kiyosaki]

Look what's coming, ladies and gentlemen, is called AI Artificial intelligence and super artificial intelligence. So in the next five years, you won't need attorneys, which is a good idea. You won't need accountants. Like, even today I can do contracts without attorneys using AI and so all those A students who went to school and became attorneys and accountants and even doctors are becoming obsolete because of AI Then you add Bitcoin to this whole message. And Bitcoin, like I said, is real money in a world of fake money. So bitcoins, people say, well, it's, you know, it's not as safe as da, da, da. Well, bitcoin is safer than the US Dollar. I'm not saying it's safe. I won't lie to you there. But bitcoin and Ethereum are safer than the fake US dollar because America's biggest export is fake money. Like I said, Every 90 days, we print a trillion dollars in fake money. And my academic relatives, they always say, well, we save money. Well, if you read Rich Dad, Poor dad, you know, I put savers are losers. You don't save money because they're printing it.

[Robert Kiyosaki (Host)]

Why would you save something they're printing?

[Robert Kiyosaki]

So when people say, well, the price of gold is going up, it's not that the price of gold is going up. The price, the purchasing power of the dollar is coming down. So why do you save dollars? So that's why I'm not saying bitcoin is safe or ethereum safe, but it's safer than the dollar. And this book here with Ted Siedel, he is, it says here something like.

[Robert Kiyosaki (Host)]

This is.

[Robert Kiyosaki]

He was named the 40 most influential people in the US pension industry. Ted Siedel, who's blowing the whistle on our fake pensions, like our teachers union pensions, you know, CalPERS and all those criminal operations that supply the teachers and firefighters and police officers or pension. They're stealing from you. Those bankers are stealing from you. Robert Kiyosaki, the Rich dad Radio Show Our friend is longtime friend Doug Casey. He and I, we talk at different places, but we finally met Doug. I think it was at the Nomad Capitalist show in Cancun or something like that, where we went face to face.

[Harry Dent]

I think you're right. I think that was during the great Covid hysteria, wasn't it?

[Robert Kiyosaki]

Anyway, it was good, good to go face to face finally. But now we. And then, by the way, Doug has a the good sense to live in Argentina and Uruguay and America. So he has a unique perspective on the world. And I'm helping. This is his latest book here called the Preparation. And I told him I would help plug the book. Doug I think the name of this book should be called the Preparation to Be a Soldier of Fortune.

[Harry Dent]

I guess that's one of the reasons I wrote the book. It's in the book. What we're trying to do is tell young men why they should not misallocate four years of their time and a whole bunch of money to go to college and be indoctrinated with absolutely sick ideas and assessable and use that time to pick up skills and in effect, turn themselves into a Renaissance man.

[Robert Kiyosaki]

You know, I meet so many American men who sit in the basement playing video games, hoping their 401k works.

[Robert Kiyosaki (Host)]

What is wrong with.

[Harry Dent]

Well, I don't know. They're acting like houseplants. And acting like a houseplant is not a good survival strategy for a human, especially not in the kind of times that we're headed into right now. And I'm wondering, Robert, whether the assassination of Charlie Kirk is one of those tipping points, much like the assassination of JFK was back in 1963. It might be.

[Robert Kiyosaki]

And that's one of those questions I was going to ask you as an American sitting in South America looking into our country. What do you see what's going on in.

[Harry Dent]

I hate to say it because I love America. It's a unique country. It's the only country in world history that was founded on the principles of free speech and free minds and free markets. But I'm afraid that it's become corrupt and degraded. And I think we're in for something I call the Greater Depression. A Period of time when most people standard of living drops significantly. And I think it's going to be much different and much longer than what we had from 1929 to 1946.

[Robert Kiyosaki (Host)]

Yeah.

[Harry Dent]

And worse also.

[Robert Kiyosaki]

And so we're going in that direction. You know, since you and I are now the senior citizens of this generation, how are you prepared for it? I mean, or what would you recommend a person prepare for it? You know, if you save the dollar, America is printing 2 trillion a year like Zimbabwe was.

[Harry Dent]

Yeah.

[Robert Kiyosaki]

Why would you save the dollar?

[Harry Dent]

It's crazy to save the dollar.

But.

You have to save. It's important to produce more than you consume and save the difference. But what do you save it in? You can't save dollars.

[Rick Rule]

You can't.

[Harry Dent]

They're hot potatoes. It's an iou, Nothing on the part of a bankrupt government. So I've used gold and silver as savings vehicles forever. So I bought my first gold at around $40 an ounce, and I've never sold an ounce, so I still have it all and lots of silver. I hate to advise people to buy gold now because before it was obviously depressed relative to everything else. Now it seems to me gold is more or less where it should be relative to cars, houses, clothes. I think it could go 10 to 1 from here for different reasons, but not because it's underpriced. But you have to save. The problem is, what do you save in now? It's a tougher situation than people have ever been in before, I think. I think silver is still relatively underpriced. It's going higher.

[Robert Kiyosaki (Host)]

Yeah.

[Robert Kiyosaki]

And then you know what Buffett's been saying, which is a concern that I have. He says the worst thing that's going to hit the boomer generation with their 401s is inflation. Yeah. No matter how much they have in their 401k, and we're. We're spending 2 trillion more than we pull in. They're probably.

[Harry Dent]

Well, that's right. I mean, you buy your average stock and Maybe it's yielding 2 or 3%, something like that, but the dollar is losing value at. You can't believe the government's figures. You can't believe the US government's figures any more than you can believe the Argentine government's figures. The dollar is losing value in real terms in between 5 and 10% per year. So what do you do? I know real estate has always treated you extremely well because it's a real asset, but is real estate getting overpriced too?

[Robert Kiyosaki]

Well, you can always find a Bargain.

[Robert Kiyosaki (Host)]

You know what I mean?

[Robert Kiyosaki]

That's what I like about real estate. There's somebody always in the sell mode.

[Harry Dent]

This is in liquid market.

[Robert Kiyosaki]

This is my other question I want to ask you, because being in Argentina, this guy, Javier Milei, you know, he took the chainsaw. When you saw Trump and Musk get together, was there a glimmer of hope from you?

[Harry Dent]

Listen, I was a huge fan of Doge and what he and what Musk wanted to do, but Doge has basically disappeared and Trump is spending money like a drunk sailor at this point. So I wonder his relation with, with.

[Robert Kiyosaki (Host)]

Musk does not want to correct you.

[Robert Kiyosaki]

Drunk sailors spend their own money.

[Harry Dent]

That's the point. That's a good point.

[Robert Kiyosaki (Host)]

Keep going, keep going.

[Harry Dent]

Well, Doge is the only thing that could save the US Government from total and abject bankruptcy and defaulting on all this obligations, which is going to happen. But the problem is that Argentina had one of the worst economies in the world and the people got totally fed up. And they elected Javier Millay, who said that he wanted to take a chainsaw to everything the government does. And he did wonderful things. He fired scores of thousands of worthless government employees, cut the budget in many places. But he's made some mistakes. Like he said he was going to abolish the central bank. They're equivalent to the Fed in this country. He didn't do it. Big mistake. He should have defaulted on all of Argentina's foreign debts. Why? That money was all stolen by the previous administration. So you shouldn't turn the next generation of Argentines, or for that matter Americans, into serfs, paying off debt that was pissed away, quite frankly. So he should have defaulted on that and now he's borrowing more money from the US government. Of course, the US government doesn't have the money either. It's printing up the money. So I don't know, I listen, I, I love Argentina and it's as a place to, to hang out. It's one of the best in the world. But I, I hope Milei doesn't blow it by losing the plot, which is basically taking a chainsaw to the government.

[Robert Kiyosaki]

With the write back.

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[Robert Kiyosaki]

Hello, hello. Robert Kiyosaki.

[Robert Kiyosaki (Host)]

And today I have a very special guest, longtime friend and person I have tremendous respect for in an offhanded way is Harry Dent. And the reason I like Harry Dent is Harry Dent is no bullshit. He will change his point of view if he has to change his point of view. So I don't have to worry about there being three or four Harry Dents out there. There's one Harry Dent at that moment and he will tell you whatever he's thinking to be true for him at this moment, popular or unpopular. And I was paid the highest honor, Harry, that saying, you're as pessimistic as Harry Depp. I said, God, what a compliment that is. It's because a lot of people have Pollyanna. All the stocks, S and P is going up forever. Bonds are safe. You can trust the Federal Reserve Bank. I'm going, what? And so Harry Dent is a man who will tell you what's going on for him. It may be popular, it may be unpopular, but he will tell you what he thinks at this moment. So, Harry, welcome to the Rich dad radio show.

[Harry Dent]

Yeah, nice to be here, Robert.

[Robert Kiyosaki (Host)]

When you and I were kids, America is the richest country in the world. Today. We're the biggest debtor nation in the world. And for us to say, oh, don't worry, the Fed can keep printing, I think is a lie. I think, I don't know what you think, but we're printing, what, a trillion dollars every two months or something like that. And as they say that, what's that law, some law says if it'll end, it'll end. So that's what I like about you, is that you're up to the minute, you're a demographer, which means you look at what demographics are saying and you will tell us what you think at this moment. And a year from now you May change. I respect that. So Harry, be as pessimistic as you like. I love it.

[Harry Dent]

Well, you know, I mean here's the simple story here. When I started forecasting the early 80s, you know, I might get the greatest criticism for I was unbelievably bullish. And not on Japan back then on the United States of America. I mean Japan had come along and taken a lot of older industries because they were much more efficient and all that stuff I said. But, but Japan is the fastest aging developed country in the world. They're the ones that are going to go down after 1990 and we're going to have the greatest boom in history. Why we have the greatest generation ever to hit the earth called the baby boom generation back then. Still is it just now they're aging and they're no longer driving the economy. But I mean this couldn't have been simpler. And because I didn't have a PhD in economics, which economists criticized before, I was simple enough to say, oh, here's a good indicator I know for certainty. US statistics. And only the US has the best statistics. Studying consumers every year surveys the average person enters the workforce 20 and spends the most at 46. So all I got to do to see the future is take the birth index and move it forward 46 years from when the highest amount of people will be spending the most money. I mean, extremely simple. Well, I started doing that in the early 80s and boy did I get blowback bullish and stuff. Oh my God, no, no, you don't understand. We're not going to have any industries left. Japan and East Asia are going to take them all over. I said no, look at their demographics. They peak in the early in late 80s, early 90s and fall off a cliff forever. And they're still falling off that cliff by the way. And so I mean, Harry, first thing I learned, you can't just learn.

[Robert Kiyosaki (Host)]

You introduced the word world to a very important word. Demography.

[Harry Dent]

Yes, simple people do predictable things as they age in particular. Yeah, I mean I'm the economy. Do I want a 5 year old screaming all the time and crapping in their diapers and costing all this money and having to see doctors and then, you know, getting over the cost of the birthing? Or do I want a 46 year old, the peak of their career, spending the most money and just. And just getting their kids out of college so they can turn around and do the same thing next round for the next generational boom. And boy do I want a bunch of old people. Oh no, ask Japan, Japan is ned, you know, came out of nowhere, took over the earth for a short period of time. They were the ones that got old first. And since I was studying demographics, that was obvious to me that Japan was, was playing a catch up game. I kept, I kept saying when I was lecturing in the 80s, hey, yes, Japan's doing great, but what industries are they taking over? Steel. Okay, old industries. Okay, who, who's leading high tech, information technology, personal computers, Microsoft software, It's us. And who's producing the customized products that they go for a premium. So, so, you know, I don't know. I just learned because I didn't study economics, Robert. I had a major in economics. And after the third course I said, this is conceptual, conceptual, vague, boring, nobody likes it. I can't even, you know, learn much from it. And my father's best friend say, you know what? We wish we had done little Harry, they called me, they said, we wish we'd have studied accounting and finance. That's what kills us in business. We know how to market, we know how to manage. We're people, people. We can't figure out the damn numbers, you know, and read our own balance sheets of P and L. So that's what I majored in in college. But I always had my eye on Harvard Business School or Stanford. And I knew I wanted to get an MBA and I was going to take what I call the important marketing, management, big picture stuff there. And that's what I did, you know, and, and I never. I started with a major in economics and quit it after that third course and studied everything else about business. And then I worked at Bain & Company, consultant to Fortune 100 companies that were failing back then because of the Eastern and global compet. And, and then I couldn't work with big companies. They were just too slow. So I jumped off. I took a job turning around a publishing company in California and then I just. After that I got one job after the next. All, all small businesses do is fail. That's why they're so productive. Failure, by the way, is the secret to success.

[Robert Kiyosaki (Host)]

Tolerance.

[Harry Dent]

Amen, brother, Amen makes entrepreneurs and the most successful people because most people, as Elon Musk said recently, will quit after the first major failure. So I turned around six companies in difficulty in the 1980s, consulted a lot of small businesses and then started my own business around my newsletter in 1989 and never, never went to an office again. Still sitting right now in my, you know, my den, doing my work on my computer in Puerto Rico, looking over the Water, not close to anything. I could be in Lincoln, Nebraska, you know, and so, you know, that just happened naturally. But I learned that the key thing is the truth. If you dig hard enough, you can find the truth about anything. People kept telling me, Harry, nobody can predict economy that far out. There's too many things that can change. The president. I don't care who's president. I had never cared who's president. They make differences in some areas, here and there. I've never had to rely on that to predict. It's 300 million people in the United States growing up, costing everybody. Money is there when they're. And causing trouble when they're young, but learning rapidly, entering the workforce, getting better and better and better, more and more productive, that's 20 to 46, and then plateauing into middle life into the mid-50s and then slowly declining into retirement and then disappearing. And all of those stages have their pros and cons who invest all the money. The people from 50 to 63 when they enter retirement, okay, they're the ones that invest the most. But who spends the money 20 to 46? Now it's 47 in most countries. And this is what makes the economy macro so predictable. 46 year lag on the birth index is I have to adjust for immigration and I can do that accurately. It's just so.

[Robert Kiyosaki (Host)]

Harry, that's why I respect you, because you will tell it the way it is, as you call it, as you see it. So my question is, what do you see coming for America, then Japan and Germany? Because I was just traveling, I traveled the world. And you remember not too long ago, Japan and Germany were enemies. They became trading problems. But today, Germany and Japan and America, as you say, our demographics are changing. And what's that mean to the world when Germany, Japan and America's demographics change? What do you see coming?

[Harry Dent]

Well, very simply, Northern Europe and North America have the best demographics in the developed world, East Asia, and this includes China, even though they're not a developed country yet, but Korea, Japan have the worst. Okay, when, when, for some reason, when, when people in East Asia get affluent, they not only have less babies, they have a lot less babies. Everybody that gets affluent basically starts to think about money and think about their kids getting into a good school and then making money. And they, that means they don't want to have 4, 5, 6 kids as they did in the good old days in the 30s, 40s and 50s, okay? They want to have one or two kids and get them into Harvard or Stanford or whatever, okay? And so Affluence actually eventually slows countries because there's fewer kids. So if you're not having kids and, or if you're not like the United States where hey, we're having fewer kids but we are strong on immigration and Australia is even stronger than us in New Zealand. Those kind, Australia, if I looked at their charts, their demographics and didn't know they were rich like us, not quite as rich, but neither I would think they were an emerging country. Why they're getting constant flow of immigration not from South America and Mexico, from east and Southeast Asia where everybody loves those workers, you know, so, so they've got high quality and high quantity of immigration. So between births and immigration and I've got a bell curve of immigrants. Robert it took me some work on that, but I did my research and I can take the immigrants coming in country and distribute them back to when they were born as if they had always been in that country. So that same birthing index that I lagged forward 46 years and will tell me almost 50 years in advance who's going to boom the most and when and who's going to bust. And when works even better when I can calculate an immigrant. So that's how simple the economy can be.

[Robert Kiyosaki (Host)]

We'll be right back.

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[Robert Kiyosaki (Host)]

Hello, Robert Kiyosak, the Rich Dad Radio show and today not coming to you from Scottsdale, Arizona. I'm coming from a place called Gainesville, Texas and I'm a Very special guest today. This guy is the. The godfather right now. His name is Rick Rule, and every time I see him in awe of how much I learned from him. And he's extremely respected in the mining field, gold and silver. My partner Marin Katusa out of Vancouver, speaks so highly of Rick. And I saw. I last saw Rick, I think, in Rebel Capitalist. And now I meet you here. And Rick, it's an honor to have you on the Rich dad show. So thank you.

[Rick Rule]

Well, my honor, Robert, I'm a huge fan of that book Rich Dad, Poor Dad. Before we went on the air, I said, I sort of think it is the obligation of old folks like you and I to prepare the younger generation to teach them for the mess that we're leaving them in terms of the economy and the political economy. So thank you so much for just talking common sense to young folks.

[Robert Kiyosaki (Host)]

So just the reason Rick is so important is I think with 65, I was holding up a half dollar, and it was no longer silver, it was copper. And as a Mexican saying, quit Paso. What are they doing? You know? And that was Gresham's law. And then in 71, I was flying. I was a marine helicopter pilot, and we're flying out of Vietnam, and I went to buy gold behind enemy lines, proving marines aren't the smartest guy on earth. And I walked up to this little house behind enemy lines. Rick, we disarmed, my co pilot and I, we put our hands up and walked over the village and we said, we don't come as marines. We come as capitalists. We just want to buy some gold. And we walked up to this little bamboo shack, and those little Vietnamese one was in. Their teeth were bright red because the beetle nuts and gold vix has taken gold off the gold standard. It was going from 35 to 50. So I thought I could get a discount. And I got schooled. Rick, she schooled me. She goes spot. Tell spot. And she goes spot. So I didn't get any gold that day. But also, you learn a lot when you start doing stupid things.

[Robert Kiyosaki]

I went to Hong Kong and I.

[Robert Kiyosaki (Host)]

Bought my first Krugerrand from South Africa. And then I found out I had to smuggle it into the States.

[Robert Kiyosaki]

I mean, could you imagine that, Rick?

[Robert Kiyosaki (Host)]

I mean, that's how old I am. As a gold was illegal for Americans to own. And then the last thing, I was coming out of Japan not too long ago, and they didn't care if I was carrying fentanyl. They want to know if I was carrying any gold. So it was a lot we have introduced my friend Rick Roll here. He's a guy I look to when it comes to information and advice and trends in the marketplace. So welcome to Bridge John radio show.

[Rick Rule]

Pleasure to be with you. As I say, those anecdotes are interesting because there are so many lessons there. The universal appeal of gold is a medium of exchange that's similarly a store of value.

[Robert Kiyosaki (Host)]

If you ever wanted to get rich quick, don't miss this boat. Do you know what I mean? This, it's shoving off right now. And if you're still saving Fiat or fake money, like I hate to say this, being Japanese, Japanese, they save cash and they love cash. And I've always saved gold and silver. And I just, you know, once I understood what Nixon was doing and what it took, Johnson took the silver out of our coins. I said, why would you save Fiat fake money? And that was kind of my wake up call. And I've gotten very rich just because I don't save cash. I save gold and silver. And that's the difference.

[Rick Rule]

I think the demonstration of that isn't just this last year where gold has done well. People on shows like this for a long time asked me when gold was going to move and I'd scratch my chin sagely, Robbie. And I'd say, well, I think gold's going to move in the year 2000. It's up 9%, compounded for 25 years. Gold is two things. Gold is about not getting poor slowly. And if you're aggressive and if you can afford to be aggressive in silver, which tends to outpace gold when a bull market really truly gets underway, or. And if you're willing to work hard and invest in the gold stocks or silver stocks, which tend to even outpace the metal, albeit with much greater risk and much greater volatility. What you say is very, very, very true. Anybody who looks at the graph of the XAU or any of the gold and silver indexes understands that when you move into a real precious metals bull market, the upside volatility is unlike almost any other financial market on the planet.

[Robert Kiyosaki (Host)]

Well, it's exactly as you said. How do you get poor slowly at first and then suddenly. Well, it works the other way too. I hate to say this. I'm going to say something very sacrilegious, rick. I sold 4.5 million in gold, but my basis cost was 300, right? Do you know what I mean? And I paid cash for my house. So I walked into this house, I said, I'll take it. And my gold is stored in a place Called Liechtenstein, because I don't want to be in 1933 again when they take my gold. So I just walked in and I said, I'll take. I said I paid 4.5 million. My basis is 450,000 just because of when I bought it. And your date is exactly correct. It was 2000.

[Rick Rule]

Here's the important lesson. But one of the things I do is I maintain an alternative statement of account as a thought exercise. And I have since the year 2000, measuring my income, my net worth, and my expenses in both gold and dollars. And if you do that, what you're struck by is how cheap food is, how cheap gasoline is. If you measure it in the golden constant price of gold was at 250, $255 an ounce in 2000. You're astonished by the difference in value between your gold savings and your dollar savings.

[Robert Kiyosaki (Host)]

Yeah. Today, you know, today gold is $3,400. And in 2000 it was about 300.

[Rick Rule]

Right.

[Robert Kiyosaki (Host)]

And then today silver's about 38. I remember it was a buck or something. And you know, and so let's finish up, because I'm a.

[Robert Kiyosaki]

Is that.

[Robert Kiyosaki (Host)]

What's the definition of a liar? It's a gold prospector saying next to a hole. And I've taken companies. I took a silver mine public, and then we sold it to Yamada. And then I took a gold mine public in China. I took it on the Toronto stock exchange, and guess what? A Chinese nationalized. So I don't eat Chinese food anymore. You know, I mean, but I. But Rick, I found out the hard way what the word country means. I mean, if you don't do business in countries, well, don't. They don't respect the rule of law.

[Robert Kiyosaki]

Right.

[Robert Kiyosaki (Host)]

You know, very simple. And then I took a gold mine public with Baron Katusa in Salt Lake City, and I felt a lot happier because we're on American soil.

[Rick Rule]

I need to say it depends on where in American soil. The biggest single experience, biggest single experience with political risk that I've ever had personally was discovering a mine that went under produce 2 million ounces of gold, sadly, in the people's Republic of California, 7 miles wrong side of the California Nevada line.

[Robert Kiyosaki (Host)]

Yeah.

[Rick Rule]

And that was an experience I will never forget. I've actually personally been treated better in Congo.

[Harry Dent]

Basically.

[Rick Rule]

I agree with you about the American concept of the rule of law, But I would prefer myself to be in Texas, Wyoming, Nevada or Alaska as opposed to the other states.

[Robert Kiyosaki (Host)]

Well, that's why it's the rural investment conference. And I think I Love about your conferences that you have real people there. You know, you don't have a bunch, you don't have a bunch of fund managers.

[Rick Rule]

It'll be a pleasure to have you there.

[Robert Kiyosaki (Host)]

I'd be honored. I mean, I love it. I love it.

[Rick Rule]

Fantastic.

[Robert Kiyosaki (Host)]

Because I've been one of Rick, I was one of those guys, you know, the hunting around, talking to the miners and all this. I think nothing. Right. But that's how I learned, I talked to the miners. And last thing I want to ask you is that if people are talking about silver now, your opinion on that. But also isn't there. This is what I understand. Gold goes first, then silver, then the miners, something like that. Is that the sequence of order of fire?

[Rick Rule]

My experience, Robert, is that precious metals bull markets are led by gold. They're led by physical gold and they're led by fear buyers.

[Robert Kiyosaki (Host)]

Yeah, they're led by people.

[Rick Rule]

Pessimists maybe. Pessimists maybe not. Just people who don't like the arithmetic of fiat currency denominated securities. I'm one of them.

[Robert Kiyosaki (Host)]

Yeah, me too.

[Rick Rule]

When the momentum in the bullion begins to expand, the producers margins, the big gold stocks move next. And we've seen that Franco Wheaton, Agnico Eagle, they've all doubled in 12 months. At some point in time, that movement, that momentum attracts the generalist investor into the gold space. And the gold space is so small it can't accommodate the money. When that happens, leadership goes from gold to silver. And by the way, you will not need Robert Kiyosaki or Rick Rule to tell you when that happened.

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[Harry Dent]

Dad Media Network.

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