
Is the next great economic collapse already here? Economist Harry Dent joins Rich Dad to break down why markets are on the verge of the biggest reset in history—and what you can do about it. In this episode, we uncover: -Why debt bubbles and...
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Rich Dad Radio Announcer
This is the Rich Dad Radio Show. The good news and bad news about money. Here's Robert Kiyosaki.
Robert Kiyosaki
Hello. Hello, Robert Kiyosaki. 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's 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
That's good. Good, good, good. So can you be as pessimistic as possible? Because.
Harry Dent
I think, yeah, things have gotten a little too bullish here. Yeah. Yeah. We got to bring things down.
Robert Kiyosaki
No, but the thing I was, I was saying, well, is that you changed your points of view and some people would say, well, it's inconsistent. I said, no, he's consistent. He'll tell you what's going on. At that moment for him, because things are changing. 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, two months or something like that. And as I 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, you're up to the minute. You're a demographer, which means you look at what, 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, 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. So, I mean, Japan had come along and taken a lot of our 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 me for, 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, first thing I learned. You can't just learn.
Robert Kiyosaki
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, am I in the economy? Do I want a 5 year old screaming all the time and crapping in their diapers and, 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 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, 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 concept, 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 and 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, and I never, I, I started with a, a major in, in economics and quit it after that third course and, 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 competition. 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 small businesses do is fail. That's why they're so productive. Failure, by the way, is the secret to success. Tolerance.
Robert Kiyosaki
Amen, brother.
Harry Dent
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 went to an office again. Still sitting right now in my, 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, I have 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 as they're 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. 40, 46 year lag on the birth index only is I have to adjust for immigration. And I can do that accurately. It's just so.
Robert Kiyosaki
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 our enemies. They became trading partners. 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 for some reason, 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 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 or 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, so that same birthing index that I lagged for 46 years and will tell me almost 50 years in advance, what's, who's going to boom the most and when and who's going to bust. And when works. Works even better when I can calculate an immigrant. So. So that's, that's how simple the economy can be.
Robert Kiyosaki
I'm going to ask.
Harry Dent
I started, yeah, I was bullish way on. And now I, yes, I'm bearish.
Robert Kiyosaki
So let me ask you this question then. Immigration's a big issue today, namely when Biden took down Trump's wall. I think 13 million came across, whatever it was. So you have immigration without being too racial. Is there a better immigration from different countries? Because immigration is a big problem in Europe.
Harry Dent
There's no question there's different, different quality of immigrants that again, Australia is the most favored country because they, they, their birth rates are, their domestic birth rates are really not any stronger than northern Europe or United States where they compete with standard limb stuff there. But their immigrants are not only higher as a percentage of the economy than even the US and we're seen as the biggest immigrant magnet in the world. But compared to the size of the country, Australia gets a higher percent. And coming from east and Southeast Asia, they are more educated, they have a stronger work ethic. Okay, I hate to say it, I mean there are differences. They are stronger as immigrants than the typical people we get from Mexico and Central America. But even those immigrants are motivated and work hard and I'll take them every day of the week.
Robert Kiyosaki
Okay, so I'm going to come back, I'm going to ask you this question. When you say east and Southeast Asia, I'm going to ask you a couple of questions when we come back. What countries? East and Southeast Asia. The second question I have is we have guys like Records is writing a book on AI and I was at a conference the other day about super AI and then the idea of going to school to get a job might be an obsolete idea. Do you know what I mean? Because I can do now I can do contracts off of gbt, I don't need an attorney. And so this idea of going to school for job security. I want your point of view, from a demographic point of view, what is AI going to do to affect so called education? What educational choices or professions? And you know what they're saying right now Harry, is you want a profession where you work with your hands like electrician or a plumber or something where you have to work with your hands. But if you're working purely with your brain, you might be planning to be obsolete in a few years. So those are the questions I want to ask you. So when we come back from the break at that point you can gear your brain up to tell us what you see from demographic points of view, immigration specifically which countries and then what your viewpoint on AI is to education. So is going to, would you be a better, more secure as a plumber than as a accountant?
Harry Dent
I don't want to be a plumber. I'll start there and I'll get. When we come back.
Robert Kiyosaki
We'll be right back. Okay, so Harry, glad you're part of the Rich dad show. I always enjoy it because I know you want bullshitters. So thank you. We'll be right back with Harry Dent.
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Harry Dent
Why?
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Robert Kiyosaki
Welcome back. I'm very happy to have a very special guest. Longtime friend and a person I respect is Harry Dent. He introduced me to the term demography. Demography is destiny. And that you can predict the future by looking at demographics. And the thing I like about Harry as demographics change, yield change. And the other day Harry, I was saying to you somebody says you're as pessimistic as Harry Dent and I took that as a compliment because no, it's because you won't bullshit us as you and I Know in this world of YouTube, a lot of bullshit out there. And so that's why I respect your forthrightness, your candor and right or wrong, you'll tell us exactly what demography is telling us. So before we went to break, I asked you, Australia was introducing immigration of certain countries. Which countries from what races are they coming from?
Harry Dent
It's basically China, Japan, Korea, Southeast Asia, Thailand, Cambodia, Indonesia, which is right on top of Australia and India. So Australia is the only western country, along with tiny New Zealand, which is definitely more sleepy. Okay. Is right on the edge of the Pacific Rim, which is the growth explosion. I mean, one long after I'm dead, it's gonna be in Africa. But Africa's not gonna be the big player in our lifetime. It is Asia, East Asia, Southeast Asia and next after China, and China's already maturing. They. So in fact they over expanded and made some huge mistakes. But India is absolutely, I'd stake my life on that. And everything I know is going to be the next big thing. And they are going to be, if anything, richer than China and have even more people because their population is still going up. China's getting ready to shrink from 1.4 billion to 800 million over the next 50 years, while India goes from 1.4 to 1.7 or 1.8. And I've been to both countries and I love Indian workers and particularly Indian professional and managerial people I meet. So India is going. Even economists. When I'm over in India, Indian economists try to argue me. While India will never be like China, I'm like, no. India, at the same stage of urbanization, development is already ahead of where China was.
Robert Kiyosaki
So I was in Mumbai, India, in the slums, because I want to study what causes slums because of homelessness in America. So I went to Mumbai to study the slums so I could see what's happening in America. So I went to look at that. You know, what's the correlation? And the thing I want to say this. I paid the Indians a high compliment. They're gearheads, technology. They're very smart technologically and they're realists.
Harry Dent
They look at fact. You know, they're very matter of fact. And down to the point, yes, I agree with. I've been the most impressed of any major country.
Robert Kiyosaki
And when I'm in Japan, because I am Japanese, I can criticize them. They don't get it because in the Japanese culture, Harry Savers are winners. But what has happened since the Federal Reserve, since 1971 when Nixon took the dollar off the gold Standard Savers became the biggest losers around, but the Japanese still save money. And I took a company public in China, a gold company out of Toronto Stock Exchange and the Chinese stole it. They called me up and said how badly do you want your gold mine in China and Dalian? And they said bye. They wanted $2 million, Harry. And I went, I'll never do business in a country where they do not respect law, the order of law. So I like Australia, New Zealand, although they're a bunch of characters, beer drinking rugby players as far as I'm concerned. But they respect the rule of law. So that plus demographic, ethnicity and the Indians are very, very technologically smart as well as smart.
Harry Dent
The thing that I get excited about here back in my roaring 2000s book, that was back in 1998, okay, people ask me, hey, well Harry, you don't talk about AI. AI, AI, I said, I called it the automation of managerial and professional work. All the way back in the 90s when nobody even thought that that was possible because that's where the most intelligence is and that's where it would take the highest computing power and sophistication. And that's what AI is about. We automated farmers down to 2%. They used to be 50% of our population. Now they produce more than we can eat and export on one and a half to 2%. Well, well then there was the manufacturing workers. Well they were 40% of our workforce. Now they're they last I thought it was 14. They're already down to 10% a few years later. Because, because the way there's two ways to get rich. You grow up and learn more, enter the workforce at 20 and then explode in your productivity. The other way is you automate lower skills and you move people into higher value added skills. So automation everybody. Oh, we're going to lose all our jobs. No, losing jobs is precisely how you make money. Especially if it's lower end and most managerial, professional. That's why I couldn't work in corporate America. They're just bureaucrats. They're not doing creative stuff.
Robert Kiyosaki
Obsolete.
Harry Dent
I mean, yeah, they're obsolete. And, and, and so I, I had to keep trading down Ban & Co. As a consultant. These monsters. And then small companies and then literally entrepreneurs, startup entrepreneurs. Oh here's my people. The highest value added is, is a person that will have a vision, create something that does not exist and prove it and, and, and stuff and get it into the, into the niche markets where they'll be tested and then that becomes an S curve that explodes in the world. And that's how you create the highest value. And guess who still leads in that today? US of A. Even over Canada, even over Northern Europe. Other people more like us. Okay, so, so that's our thing. We're, we're the entrepreneurial factory of the world and we're still doing that. So the more we can get all these smart managers, I mean I came out of Harvard Business School, most of the people there were not entrepreneurs. I pretty quickly just was kind of forced into being an entrepreneur because nothing else worked for me. I just kind of had to be. But more and more these bright people can become entrepreneurs and create new businesses or expand new young businesses because there's far more growth and payback there than keeping making the old giants just a team. All we did at Bain & Co. Was make these dead companies a little bit more alive. So they didn't just.
Robert Kiyosaki
What's going to happen to these smart Harvard business guys is you don't need them because AI will replace AI.
Harry Dent
No, no, exactly. I mean there's, I say that 80% of what managerial and professional workers and corporations, even small, mid large most professional workers is still 80% left brain work. Computers are left brain machines at light speed. And you could take the expertise of those people, program the machines, automate those out and then people only have one choice. They have to come in and greatly improve an existing operation or they have to create something new that didn't exist. And of course when you do that it comes down a learning curve and a cost curve and becomes more affordable. That's how we build wealth. We take things that are expensive and hard to get now and make them mass affordable. Both making consumers better deals than what they get. And workers get better jobs at the same time. So, so we have to keep trading up. We can't keep deal. We ought to let these old end, we ought to sail them across the Pacific to Asia these jobs.
Robert Kiyosaki
So once again AI will replace AI. It's called super AI. And so the reason I'm into this because as I often I've been saying for years, biggest obsolete idea is go to school so you can get a job. Do you know what I mean? It's today you better be an entrepreneur.
Harry Dent
Exactly. I mean that's the thing it all comes down to. We have create. What we haven't automated is the right brain. And you know, the right. You know I've known plenty of spacey right brain people that can't tie their shoe. But the right brain compare tagged with a strong left brain or with computer left Brain. That's where the creativity to improve things and create things that don't exist. Now people say, oh, that's not possible. How many times I've told people it's not possible to predict the economy past the next election. That's the biggest phrase I've gotten all my life. And I'm like, no, I have a harder time predicting accurately the next couple of years. The long term is a piece of cake. Countries are urbanizing at predictable rates and getting higher GDP per capita at predictable rates. From that, people grow up and go through predictable ages of spending, investing all these things. And, you know, it's. There's a lot of predictable stuff. And these things all measure how we create higher value. And we can always do more.
Robert Kiyosaki
Check this out. That game board behind me is Right Brain. Isn't it color? It's accounting. I took the most boring subject in business school for me was accounting.
Harry Dent
Exactly.
Robert Kiyosaki
And I turned it Right Brain into a board game. That's what I did. I love you so much.
Harry Dent
People can learn it easier, right?
Robert Kiyosaki
Yeah. Well, you gotta make learning fun because guys like you can go to Harvard Business School. I went to military school. And we're trained differently. Do you know what I mean? There's, you know, guys at Harvard generally modeling and we learn military. Military think is different than modeling theory. And so it's completely different. But our kid, My whole point of view is kids are not prepared for what's coming because your competitor is now living in India and they're creating AI. And the reason I'm in Phoenix, Arizona is because, you know, Texas, Taiwan, some tsc, Taiwan semiconductors move their plants here. So I just know from real estate, not being a very bright guy, that real estate depend upon jobs. So in Taiwan, semiconductors move to Arizona. They call it Silicon Desert, not Silicon Valley. So Arizona is Silicon Desert. Our real estate's booming. I mean, it's not rocket science. But I didn't go to Harvard Business School to know if there's jobs, there's rental property needed. So, Harry, one more prediction on demographics, and I think this one's the one I wanted you to comment. This is my friend Jim Rickards, and he's talking about money. GBT will replace banks. It says that it was. It's a very dire prediction. You know, money, money is just going to take, take away money.
Harry Dent
But, but, but it's, but it's a good thing. Yeah, the whole crypto movement, which bitcoin is just a standard for and maybe the center of, is all about radically decentralizing Money and finance. It's always been difficult. It's always been hard to reach a bureaucrat. No, I mean it just makes it direct. This is, this is a huge thing you have. Basically AI is going to take that higher automation of work and stuff. And it is crypto that's going to transform the entire financial services industry. And you know, how much money, how much financial assets there in the world. I'm the only guy that knows. 630 trillion and growing five times 105 trillion GDP. It's the biggest number in the world. And when I heard the crypto's basically about decentralizing and automating finance, I'm like, oh, that's gonna be a really big thing, no question. And it is. And it's in its infancy still.
Robert Kiyosaki
And that's why I say AI and bitcoin, which are related. Really.
Harry Dent
Yes, they are. Yeah.
Robert Kiyosaki
It's gonna change the world so fast, Eric.
Harry Dent
Yes.
Robert Kiyosaki
Because we all use intelligence and we all use money.
Harry Dent
Three things. I got three charts on my desk. One's. One's the NA, you know, the QQQ, the NASDAQ 101' Bitcoin, the crypto trend leader, and Nvidia, the AI. All three of these charts right now are accelerating, but in a declining channel. That looks like the. All three of them. In fact, Nvidia is the only one that hasn't quite hit its peak, another 1 or 2%. I think that we've seen this big stimulation. These new technologies have emerged strongly and we're getting ready for a shakeout, which always occurs in, at a certain stage in the product and industry life cycle. So as much as I love these industries, all three of these charts tell me big crash likely ahead in the next couple of years and that will shake down. And people don't understand. I was a turnaround manager. Failure is wonderful when people fail. You can change things 10 times as fast. You learn 10 as fast. Failure is the secret to success. Not getting your ass kissed. And, and everybody, oh, you're so great. And a Harvard mbi. I mean the Harvard education can work against you. Okay. Literally. Okay. You can be over educated. So I think we're about to see some exciting times. But it could start off, we really should have had this crash back in 2020-22 when the baby boom demographics were still down and that was weak. Okay. But all this stimulus, and I got a number on that, 29 trillion since 2008 has been poured in an economy that's averaged like maybe 18, 20 trillion in GDP. It's now closer to 30. But average, that's, that means that's 8% a year. Average stimulus for 16 years poured in and people think, oh, we're doing good. We're growing 2 to 3%. No, we should be growing at 7 to 10% with that much stimulus. It shows you how weak the economy would have been without it. We would have had more like the 1930s and 1930s was just a long shakeout after a great bubble boom from 1900 to 1929 peaking in the roaring twenties. And that's part of the business cycle. There's nothing wrong with having a bubble that finances a lot of new businesses easily and then flushing them out to see who's really the survival of the fittest. And 90% of them die. That's how progress actually works. Let a bunch of people try a bunch of crazy stuff and shake it out and see who doesn't die. That's innovation. You can't plan that type of innovation.
Robert Kiyosaki
Harry, I love you, man. I don't have to worry about you being forthright. So my question is how do, how do my fans stay in touch with you? Because I think you're kind of the lead dog right now.
Harry Dent
Yeah, yeah, I've got a, I've got a paid newsletter, but you can get on my free newsletter. You just go to harrydent.com, put in your email, you're going to get an article from me every week, a rant or two a month personally. And then, then if you think, hey, yeah, this is good, you can get on my newsletter anytime. But you can try us out first. And it's free. And the free newsletter thing, I get my people. People keep telling me you're giving away too much free, Harry. But I'd rather talk to more people. I mean, I've got, you know, 20 times the free people I've got paid. I'm happy with that. I want to talk to more people.
Robert Kiyosaki
Amen, brother. That's capitalism. That's capitalism.
Harry Dent
That's capitalism.
Robert Kiyosaki
So, Harry, thank you. Thank you very much. I love our relationship.
Harry Dent
Yeah, I do too.
Robert Kiyosaki
I'll say it again. I don't have to worry about there being too Harry Dents. And that's why you'll probably never be a politician.
Harry Dent
No, no, my father was in politics. I ruled that out right away and he was very good at it.
Robert Kiyosaki
Yeah. So, Harry, thank you very much and look out for having you back. And we'll be right back with a final word from Rich Dad. Thank you again, Harry.
Harry Dent
Thank you, Robert.
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Robert Kiyosaki
Let's map out this week's amazing destinations and travel tips.
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Harry Dent
That's not the itinerary we're following.
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Harry Dent
They paid off my family's four phones.
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Rich Dad Radio Announcer
Bon voyage.
Harry Dent
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Robert Kiyosaki
Welcome back. Thank one thank Harry Dent and the world's changing at a high rate of speed and I think something that's valuable today is not that the person's telling the truth, but the person will share with you exactly how they feel. So that's why I appreciate Harry Dent. He's not about being popular. He's a demographer. You study his demographics and he'll tell you what he thinks. So thank you for being a part of the Rich Dad Radio show and we'll see you next time. Thank you.
Progressive Insurance Announcer
This podcast is a presentation of Rich Dad Media Network.
Date: August 20, 2025
Host: Robert Kiyosaki
Guest: Harry Dent
In this episode, Robert Kiyosaki invites renowned economic forecaster and demographer Harry Dent for an in-depth discussion on the coming economic "reset" — a period of massive financial transition influenced by shifting demographics, technological disruption (especially AI), and the unsustainable financial practices of governments and central banks. The conversation focuses on practical, honest predictions for America and key global economies, and what average people and investors can do to position themselves amidst turbulence.
On Demographic Forecasting:
"Simple people do predictable things as they age in particular." – Harry Dent (05:15)
On Economic Cycles:
"It's 300 million people in the United States growing up, costing everybody money as they're when they're. And causing trouble when they're young. But learning rapidly, entering the workforce, getting better and better ... All of those stages have their pros and cons." – Harry Dent (07:59)
On the Obsolescence of Traditional Education:
"The biggest obsolete idea is go to school so you can get a job." – Robert Kiyosaki (25:49)
"Today, you better be an entrepreneur." – Robert Kiyosaki (26:07)
On Failure as a Weapon for Growth:
"Failure is wonderful when people fail. You can change things 10 times as fast. You learn 10 as fast. Failure is the secret to success." – Harry Dent (32:16)
On the Coming Economic Crash:
"All three of these [Bitcoin, NASDAQ, Nvidia] charts tell me big crash likely ahead in the next couple of years and that will shake down..." – Harry Dent (30:16)
This episode serves as a clear-eyed, occasionally blunt roadmap for navigating the brewing global economic reset. Harry Dent stresses that all cycles—good and bad—are natural and predictable, given the right lens. Kiyosaki and Dent agree that safety is gone from routine jobs and savings; the greatest opportunities lie in creative, entrepreneurial, and adaptive thinking, especially as new technologies and demographic realities break old economic models.
Takeaway: "You have to keep trading up... Let a bunch of people try a bunch of crazy stuff and shake it out and see who doesn't die. That's innovation. You can't plan that type of innovation." – Harry Dent (32:16)
For more from Harry Dent: harrydent.com – Free weekly newsletter available.