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The Weimar Warning: Why History Is Repeating in America
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Mrs. Claus's Sister
Guys, thanks for helping me carry my Christmas tree.
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Robert Kiyosaki
Zoe, this thing weighs a ton.
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Matthew Seaman
Drew Ski, live with your legs, man. Santa.
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Robert Kiyosaki
Santa, did you get my letter? He's talking to you britches. I'm not.
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Mrs. Claus's Sister
Of course he did.
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Matthew Seaman
Right, Santa, you know my elf Drew Ski here. He handles the nice list. And elf.
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Robert Kiyosaki
I'm six' three. What everyone wants is iPhone 17 and at T Mobile, you can get it on them. That center stage front camera is amazing for group selfies. Right, Mrs. Claus?
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Matthew Seaman
It as a gift.
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Matthew Seaman
Nice.
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Robert Kiyosaki
My side of the tree is slipping.
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- [01:31]
Rich Dad Wealth Guide Announcer
This is the Rich Dad Radio Show. The good news and bad news about money. Here's Robert Kiyosaki.
- [01:38]
Robert Kiyosaki
Hello, hello, hello, Robert Kiyosaki, the Rich Dad Radio Show. We're broadcasting from Phoenix, Arizona, which is either heaven or hell. And right now, it's heaven, why people live here. And a very important program today because, as the saying goes, it's a very wise saying that history proves people don't learn from history. And we make the same stupid mistakes over and over again. And our guest today is Matthew Seaman, and his specialty is the Weimar Republic. Now, the trouble is, most students have no idea what the Weimar Republic was. And it's a very important subject because we're doing the same thing that was done back in the 1920s. So the Weimar Republic was an interesting time, but it was set up from. I was taught Matthew disagrees with this, but in 1918 there's a treaty of Versailles. The Treaty of Versailles was when Germany finally surrendered from World War I and the Axis powers, or the Allied Powers should I say, got together like France, America, England forced the Germans to pay for the war and the Germany was broke, so they paid for the war by printing money. And God bless us, America's doing the same thing today. So the reason I have Matthew on is very important. We learn from history and most people have no idea what the Weimar Republic was or the Treaty of Versailles yet they're very important times because there's a similarity. History may not be the same, but it's rhymes and it's rhyming today. So, Matthew, welcome to the program. Looking forward to talking to you about the Weimar Republic.
- [03:37]
Matthew Seaman
Yes, thank you, Robert. Looking forward to talking about this subject as well.
- [03:42]
Robert Kiyosaki
Yeah. Why is the Weimar Republic so important?
- [03:46]
Matthew Seaman
Right. So generally, if anybody is familiar with the Weimar Republic, they think about the hyperinflation that took place mainly from 1922 to 1923. And popular references to this time period might show pictures of your average middle class German citizen carrying around wheelbarrow barrels full of money. And we've of course seen other hyperinflations in history, but not quite like with a developed country such as Germany. And the academic consensus, I would say for the most part is that economists would say the hyperinflation was partly triggered and maybe even mostly triggered by Article 231 of the Versailles Treaty, which stated that Germany was chiefly responsible for World War I starting the conflict and that the Allied Powers, so the us, France and Britain got together and agreed that Germany should pay reparations for the damages inflicted on the Allied powers and other nations as well.
- [04:54]
Robert Kiyosaki
Right. So the 1980 Treaty of Versailles was the Allied powers got together and said, Germany, you pay for the war. Simply correct. And that Germany didn't have any money. So they said, well, let's just print as much money as we can, we'll pay for the war. Now this is the most important part, the reason I wanted Matthew on this program. The Weimar Republic led to the rise of a man named Adolf Hitler. So the history isn't the same, but it rhymes. So Hitler then took us Into World War II, 1939 with the attack on Poland and they lowered the interest rates again in America and it's going to set up hyperinflation in America now. So exactly what happened back with Matthew is a student of the Weimar Republic. We should call it the American Republic because we're going to start lowering the interest rates in America. They're going to print. And when you print, you have hyperinflation. And when you have hyperinflation, the rich get richer, the poor middle class get poorer. So that's why I was at Matthew, at the New Orleans Investment Conference on mining. I own gold mines and silver mines and we're doing the same thing, right? I mean, this is the correlation between what happened in the Weimar Republic. Too much printed money. The story is. The favorite story I heard from Weimar Republic was this person goes to the supermarket with a wheelbarrow full of money and they stole the wheelbarrow and left the money. I don't know if that's true or not, but it makes me laugh anyway. And we're doing the same thing today. So, Matthew, take away, tell us what you know.
- [06:50]
Matthew Seaman
Absolutely, I agree. In fact, there are anecdotal accounts from memoirs of the time where some people had chosen to use the wheelbarrow sizes of money to heat their homes rather than use it to pay for coal, because it was more efficient just to heat your home burning billion paper marks worth of money. And it did have quite a negative pessimistic effect, especially for the holders of German bonds. Because one of the reasons why I like to start with discussing the Weimar hyperinflation all the way back to the start of World War I was that the German government had decided to pursue a fiscal policy that was remarkably different from England and the other Allied powers, because England, although it did not totally rely on taxation to finance itself, armaments, industry and other expenditures that it needed to fight the war against Germany. Germany almost solely relied on borrowing. And the banking law that had been instituted back in the 19th century to create the Reichsbank, had stated that for all the notes that the Reichsbank issued to the public, a third of them had to be backed by gold. And that was the case up until 1914. I mean, there were other banks in Germany that had legal authorization to issue of currency, but it was very minuscule compared to the Reichsbank's ability to print base money, what economists would call base money. But in 1914, at the start of the war, what the German finance ministers and the government decided was to change the law that was requiring all its notes in circulation to be backed by at least, at least a third of them to be backed by gold to creating subsidiaries of the German Reichsbank that issued loan bureau notes. And so that was a tricky way for the government to get around having to back all its notes in circulation with at least a third of gold. So it was, I would say, the first step, at least in the general history of the hyperinflation, to where the government created money that was backed less and less by physical commodities and hard assets.
- [09:02]
Robert Kiyosaki
So are you saying that the Reichsmark, which was occurrence at the time, was backed by gold?
- [09:08]
Matthew Seaman
Initially it was partly backed by gold. So the Reichsbank issued the Reichsmarks, which was the currency of Germany, and at least a third of the notes, those Reichs marks in circulation had to be backed by gold. But it didn't have to be anymore, but the very least a third. So of course what happened in the days leading up to the war? And during the war the German government had withdrawn a lot of the gold that was held by the public and they suspended convertibility. So normally you would be able to go to the Reichsbank or a local bank and be able to take your Reichsmarks and they'd be convertible to gold on demand. Well that, that convertibility was suspended on addition to. Go ahead.
- [09:52]
Robert Kiyosaki
History doesn't repeat, but it rhymes. So in 1971, President Nixon took the dollar off the gold standard, which allowed America to print as much money as we want. And today I would say America is one of the biggest debtor nations in history with $38 trillion in debt. And Chairman Powell of the Fed, which is a Marxist organization, just allowed us to lower interest rates again. So we're going into QE quantitative easing again and again. When you lower interest rates and you print money, the rich get richer, poor middle class get poor. The reason the rich get richer is if you own gold and silver or land right now, or income producing property, the value of the property goes up, gold and silver, but so does the price of chicken and eggs. And so the poor middle class who don't have many assets or tangible assets, life gets more expensive. And that's exactly what's going on today. So Charlie Kirk, who was just murdered, his last few months, last few weeks before he was murdered, he kept saying the word affordability, Affordability, affordability. And he was extremely concerned about the growing gap between the rich and poor and hyperinflation. And Chairman Powell lowered interest rates again, which means they're going to print more money. So it does repeat it, you know, it's not, not carefully, but it rhymes. And we don't learn from that. So what else, what else did you what else happened during the Weimar Republic? It's a very important time.
- [11:38]
Matthew Seaman
Absolutely, yeah. That's why I started with the 1914-1918 period when World War I was taking place because the German government decided to issue war bonds in. The primary purchasers of the war bonds during the war were the middle class. It was the educated upper middle class of Germany that was known for being ardent savers. And of course, the previous 40 years or so, going back to the time when Germany was finally reunified from small local city states into one country, there was modest inflation of. I couldn't tell you what their equivalent CPI would be. But, you know, the people who had grown up in the reunified Germany, they had worked hard to make a living and they put savings away for retirement and of course it all went to. It went to nil towards the latter years of the hyperinflation. And the primary losers of the German Reichsbank policies and finance minister policies that were pursued was the middle class and those who were creditors to the government in other institutions as well. Anyway, the winners, of course, were also the people who actually held real assets. There's a individual named Hugo Stinis who had become tremendously wealthy in the latter days of the hyperinflation by buying untold amounts of property and apartments, shipbuilding companies, so on and so forth. And, you know, there was definitely a resentment that had built up between, you know, you say the younger generations, for us that would be millennials or Gen Z, perhaps Gen Alpha coming up. And, you know, they're equivalent to the older generations that had saved and worked hard. But the younger people who were, who had, you know, started investing in, in stocks that were available at the time, which was very common, particularly in 1920 and 1921, they did well. While people who worked hard their whole life, they ended up, you know, growing in jealousy and greed and just get an upset that their neighbor, who hasn't learned the hard lessons of life is doing really well.
- [13:48]
Robert Kiyosaki
So we're repeating and hyperinflation that, you know, some of the pictures I've seen is kids put together some Reichsmark as a kite and they're flying this kite made out of Reichmark, you know, millions in Reichmark. Another picture is a woman using the Reichsmark to keep her house warm by burning it. And again, my concern is it's going to happen again. History may not repeat, but it rhymes. So again, in 1971, Nixon took the dollar off the gold standard, which made the dollar debt, and then they could print as much as they wanted. And what Nixon violated was the Bretton woods Agreement in 1944, which ended World War II. So the Reichsmark, the Weimar Republic, and then the treaty, I mean, the Bretton woods Agreement in 1944 was to stop that shit. So when Nixon comes to office, because we're fighting wars on two fronts, we're fighting the war on poverty, and we're fighting the Vietnam War. And so the only way we can pay for it is take the dollar off the gold standard. And it started to print and we're there again, right, Matthew?
- [15:10]
Matthew Seaman
Yes. And of course, this was the year prior to an election year, 1972, when Nixon tried to pull the. He did pull the original bread and wood standard by taking the dollar off a gold exchange. So I think you're spot on about that. And there's more parallels, we'll get to, I'm sure, later in the show, about how the Reichsbank managed its discount rate and started discounting private debt on top of treasury bills and so on and so forth, much to at least similar in some ways to what the Federal Reserve policy is concerning monetary operations.
- [15:46]
Robert Kiyosaki
Yeah. So we come back. When I asked Matthew, who is an expert on the Weimar Republic, and the reason Weimar Republic is so important is it gave rise to a man named Adolf Hitler. And when Adolf Hitler came to power, in other words, they ended World War I, the Weimar Republic gave rise to Hitler, started World War II, and millions and millions and millions and millions of specifically Jews were murdered in concentration camps. The Holocaust. And we're doing the same thing. We're doing the same thing again. So when we come back, we'll be talking to Matthew Zieman, expert on the Weimar Republic. What a person could do today and not be driving around with a wheelbarrow full of US Dollars. We'll be right back.
- [16:40]
Rich Dad Wealth Guide Announcer
For years, I warned the biggest crash in history was coming. People laughed. They said I was overreacting. But today, the crash has arrived. It's not only the United States. Europe is cracking, Asia is cracking, jobs are disappearing. AI is wiping out entire career paths. And when the jobs vanish, real estate collapses, offices empty, homes fall, banks get hit next. This is exactly what I wrote in Rich Dad's prophecy back in 2013. Everything I warned about is unfolding. Millions will lose everything because they stayed in paper assets. They trusted Wall Street Street. They trusted politicians. They trusted the Fed. That saved them. The Fed is out of moves. Inflation is rising again. Debt is over $38 trillion. The dollar is weakening fast, and the old system is breaking. But here's the good news. If you are prepared, the crisis will be the greatest wealth building opportunity of your life. This is why I keep telling people to buy gold and silver. Gold is soaring in 2025 and I expect even bigger gains in 2026. Silver is $50 today, I predict $70 soon and possibly $200 in 2026. Most people will panic. The prepared will get rich. If you want to be on the right side of the crash, get the 2025 rich dad wealth Defense Guide. You can add gold or silver to Your IRA or 401k legally tax free and penalty free. Call 866-703-9895 or text guide the 24999. Again, call 866-703-9895, or text guide the 24999. Get your free Wealth Defense Guide. The crash has begun. Do not wait.
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- [18:47]
Robert Kiyosaki
Welcome back. Robert Kiyosaki Rich Dad Radio Show Our it's not really a radio show anymore, but it's a podcast. But our guest today is Matthew Seaman. He's an expert and study, a student of the Weimar Republic, which I said the important thing about the Weimar Republic was that they started printing money to pay for World War I. But it led to the rise of Adolf Hitler after the Weimar Republic. And then Hitler took us into World War II and millions of people were murdered. Also there was, you know, World War II started with Japan and Germany fighting, fighting the Allied powers. Chairman Powell, the Fed just reduced interest rates again. They're going to print more money. So Matthew, when you look at this whole thing, first question is how come a young guy like you is so interested in the Weimar Republic?
- [19:48]
Matthew Seaman
You know, it's funny, even before I made my decision on where to go for undergrad, I had always been interested in economics. Coming across it from reading global conflicts like World War I and World War II. It just really fascinated me after seeing how resources were really the pivotal factor in determining who won in lost wars. And I want to understand like how should resources in the global economy be Properly allocated. Are there instances in history that tell us those critical lessons on what to do and what not to do? And what is it that makes capitalist nations much more successful than socialist nations and other economic ideologies? And I'm choosing to go to Loyola New Orleans for undergrad because I realized that their economic status faculty had a lot of Austrian economists. And, you know, it was a school of thought that I guess was gaining provenance due to predictions made before the global financial crisis that there would be a housing CRI crash. You could think of Peter Shift in some other 2008.
- [21:00]
Robert Kiyosaki
Which was again, they didn't print money, they created derivatives, and derivatives fired off. And what a derivative is is very simply you get an orange, you cut the orange in half and you squeeze it. Orange juice comes out and the juice is a derivative. And the problem with a derivative, which happened in 2008, they fired off is the derivative is more potent than the original thing. So you take orange, orange juice, orange concentrate. That's what they were doing. And we're doing the same thing again today in 2025. So, Matthew, what does your crystal ball say about America as compared to the Weimar Republic? I mean, how is there a similarity in your mind? Because you've studied both intensely.
- [21:51]
Matthew Seaman
Yeah. I believe the parallels, again, are very striking on a cultural level, socially, economically. I brought up to you the growing tensions between the older populace and the younger workers. And that happened in more respects than one. I see a lot of parallels with the governance. Now, violence was rift, especially right after World War I in Germany, because the German generals, particularly Paul von Hindenburg and Eric Ludendorff, they came up with something called the stab in the back myth. And Germany, fair and square, had lost the war. It had ended on German territory. And Germany was just exhausted of. Of manpower and will to continue the war. But the generals who came back had said that, you know, it was the greedy Jews and other scapegoats who are really responsible for Germany losing the war. And there were outbreaks of violence. And right within Berlin, the sitting leader of Germany had to flee, I believe it was to the Netherlands right after the war. And there was a fight for control of the governance that had lasted, you know, somewhere between five or six months to where the individual socialists, such as Rooser Luxembourg had tried to seize power. And there were some socialists, in fact, who had came to to dominate the portions of the country, such as in Bavaria. But there was a lot of murders and stabbings. And even years after that there were political assassinations, such as Walter Rafa who was the foreign minister of Germany. I mean, violence was on the street everywhere. And I mean, in some ways that does remind me of America too. You bring up Charlie Kirk, who was murdered for, you know, what seems to be political beliefs and, you know, freely speaking his mind. So, yeah, I mean, the list goes on, of course, in other ways, but there was a pessimism about the future and young people were very grasping for reason, you know, reasons to live aside from, you know, having to work and see their savings eroded and so on and so forth. So.
- [23:55]
Robert Kiyosaki
And then, you know, I was looking at. They elected the guy, what's his name? He's the mayor of New York. He's a. He's basically, yeah, Mandami. And I was kind of looking at the analysis. Who voted for him and who voted for him was a lot of young women. He's a Democrat, socialist, communist, basically. So history is repeating. So Weimar Republic led to Hitler and this bust is leading to Mondami. Does that correlate to you at all or.
- [24:37]
Matthew Seaman
I think so in some respects. Of course, this is highly contested, but Hitler did appear to be a socialist before he had joined the Nazi party. And even though you couldn't necessarily draw a straight line between the ending of the hyperinflation all the way to Hitler, it does appear to me that there was such a trauma that was built up from that last period of the hyperinflation that there was. The trust in government was completely eroded and the general public knew that the system that was in place in Germany for their economy was broken and their politics was as well. The government was designed differently in Weimar Germany than it is here in America. They didn't necessarily have a. They didn't have a two party system. They had something called proportional representation where voters would line up to decide on a party they would vote for. And you could choose from the Social Democrat Party, which was the most popular party in the first election that was held in weimar Germany in 1919. They garnered about 37% of the votes. The Catholic Center Party and various other parties as well. And they ended up having to form coalitions in government because as long as one party did not hold at least 50% of the votes, you had to come to some form of consensus on how to govern. But there were people who were far left leaning in politics in Germany who were working to form alliances with trade unions and form other coalitions that were detrimental to the success that any success that the Weimar Republic could have. And I think that just, you know, firmly said in the fears that people had to. Where they. They wanted to trust someone like Hitler. They wanted to have a savior that could, you know, knock down and rebuild from, you know, a really broken system. And I sense the same from a lot of Americans today. They.
- [26:34]
Robert Kiyosaki
You're saying Hitler was a savior?
- [26:37]
Matthew Seaman
They thought that he was a savior. Of course he was anything but. But the Zeitgeist of the time was that the people thought, you know, Hitler was the best solution. And they. They were absolutely hoodwinked and totally deceived in thinking that. But, you know, when desperate times fall on people, I mean, I think mainly during the Great Depression, and this is, you know, from Germany, they had the majority of their bank failures in 1931. But the person who was the chancellor, Heinrich Bruning, he tried to do the opposite of what the politicians and rulers had done in Weimar Germany during the peak of their hyperinflation years earlier. He tried to cut back on welfare spending, unemployment assistance, and so on and so forth. But the people wanted to have none of that. And I think they'd been conditioned from.
- [27:31]
Robert Kiyosaki
The people wanted socialism.
- [27:33]
Matthew Seaman
Yes.
- [27:35]
Robert Kiyosaki
And this is the part that kind of concerns me. It says, is that history doesn't repeat. It rhymes. What lessons are we missing from the Y. From Matthew, because you're the expert on the Weimar Republic. What lessons are the world. Is the world not getting?
- [27:57]
Matthew Seaman
Yeah, I mean, I think you've kind of already hit the nail on the head that we don't learn from history because we don't make the effort to read it and study it. And I think for a lot of the younger people who are, you know, still in schools, history is one of those, you know, dull and boring subjects that, you know, is really for people who are odd or weird or whatever. But, you know, history, even though it doesn't exactly repeat, as you said, there are. We have those parallels in place in resemblances. That could be a good gauge or a guide to, you know, what's in store for America in the future. And I'm. I'm not a prophet or anything. You know, there's people within the debates on what the Federal Reserve is doing who say, you know, we're in danger of hyperinflation, which I think there's a substantial chance, you know, perhaps years down the road. I wouldn't put a date to it, of course, that that could happen or you'd have a deflationary depression. Either way, I think the outcome is the same for the, you know, people who are caught with their pants lying down. The people, you know, studying history they're not. They're not going to see that these sort of things are on the horizon and they're going to be caught off guard. So they didn't pay attention to the signs of the times.
- [29:06]
Robert Kiyosaki
Yeah. The corollary or the relationship I see is that, you know, the woman or the man with a wheelbarrow full of Reichsmark going to the store and somebody stole the wheelbarrow, left the weissmark on the ground, or the person burning Reichsmark to stay warm, or kids flying a kite made out of Reichsmark. But today it's a little different. What it is is they say that living for most Americans, I think our credit card debt's an average of $3,600 at 20% interest. So the average American is like in trouble. And they said living paycheck to paycheck is a luxury. Today they live paycheck, credit card paycheck. So it's kind of in my. Am I seeing too much there? I mean, I see the same thing happening. It's just they didn't have credit cards, I don't think, during the Weimar Republic. But today we have credit cards. So we don't see that people with wheelbarrows full of fake money.
- [30:17]
Matthew Seaman
Yeah, absolutely. I think the fact that most payments are done electronically is a good way to mask the gradual erosion of the dollar as a store of value. And I agree with most people that the system is broken, but we need to be circumspect about any proposed solutions and be watchful about, you know, what is being peddled is orthodoxy or sound. Sound monetary policy.
- [30:47]
Robert Kiyosaki
Yeah. And one of the problems with printing money, it always leads to war, and we're on the verge of it right now. So anyway, Matthew, I want to thank you. Any final words to the. How do people follow you or get in touch with you or want to learn more about your studies with the Weimar Republic?
- [31:07]
Matthew Seaman
Pay attention to history and pay attention to the details and be wary of anything that's being said. Be curious, diligent to find the answers for yourself and don't rely on someone else telling you what the answer is.
- [31:23]
Robert Kiyosaki
So, Matthew, I thank you and I thank you for contributing to the Rich dad radio show and sharing your information. History proves that people don't learn from history. And I'm really concerned right now because I think we're going into hyperinflation right now with what happened last week with Jerome Powell and the Fed. So, Matthew, I thank you. So where was that? Where's your. Where's your paper? Held or how did people get a touch of it?
- [31:52]
Matthew Seaman
It's the Louisiana State Library. There's a digital copy. I can provide you a link after the show here and that way people can access it in the, in the comments section or description of the video.
- [32:04]
Robert Kiyosaki
Yeah, so please, you know, go, go to get it, check out, read it, learn from it, learn from history. What Matthew found out because what happened in the Weimar Republic was the rise of Adolf Hitler and that caused a lot of people a lot of lives. So, Matthew, thank you very much and you know, bless you for your study.
- [32:27]
Matthew Seaman
Thank you so much. It's been a pleasure talking to you, Robert.
- [32:29]
Robert Kiyosaki
Fascinating. Anyway, we're right back with a final word for myself on the Rich dad radio show. We'll be right back. Thank you again, Matthew.
- [32:38]
Matthew Seaman
Thank you.
- [32:41]
Rich Dad Wealth Guide Announcer
For years, I warned the biggest crash in history was coming. People laughed. They said I was overreacting. But today, the crash has arrived. It's not only the United States. Europe is cracking. Asia is cracking. Jobs are disappearing. AI is wiping out entire career paths. And when the jobs vanish, real estate collapses. Offices empty, homes fall, banks get hit. Next. This is exactly what I wrote in Rich Dad's prophecy back in 2013. Everything I warned about is unfolding. Millions will lose everything because they stayed in paper assets. They trusted Wall street, they trusted politicians, they trusted the Fed. That saved them. The Fed is out of moves. Inflation is rising again. Debt is over $38 trillion. The dollar is weakening fast and the old system is breaking. But here's the good news. If you are prepared, the crisis will be the greatest wealth building opportunity of your life. This is why I keep telling people to buy gold and silver. Gold is soaring in 2025, and I expect even bigger gains in 2026. Silver is $50 today. I predict $70 soon and possibly $200 in 2026. Most people will panic. The prepared will get rich. If you want to be on the right side of the crash, get the 2025 rich dad wealth Defense Guide. You can add gold or silver to your IRA or 401k legally tax free and penalty free. Call 866-703-9895 or text Guy the 24999 again, call 866-703-9895 or text Guy the 24999. Get your free Wealth Defense Guide. The crash has begun. Do not wait.
- [34:16]
Mrs. Claus's Sister
Guys, thanks for helping me carry my Christmas tree.
- [34:18]
Robert Kiyosaki
Zoe. This thing weighs a ton.
- [34:19]
Matthew Seaman
Drewy, live with your legs, man. Santa.
- [34:22]
Robert Kiyosaki
Santa, did you get my letter? He's talking to you. Bridges I'm not.
- [34:25]
Mrs. Claus's Sister
Of course he did. Right, Santa?
- [34:27]
Matthew Seaman
You know my elf Drew here, he handles the nice list and elf, I'm 63.
- [34:32]
Robert Kiyosaki
What everyone wants is iPhone 17 and at T Mobile you can get it on them. That center stage front camera is amazing for group selfies. Right, Mrs. Claus?
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Matthew Seaman
Or give it as a gift.
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Mrs. Claus's Sister
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- [34:52]
Matthew Seaman
Nice.
- [34:52]
Robert Kiyosaki
My side of the tree is slipping. Kimber.
- [34:55]
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- [35:04]
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- [35:19]
Robert Kiyosaki
Welcome back and thanks to Matthew Seaman, who is a. His study is the Weimar Republic. So you ask yourself, what does this mean to me? Like I said, the Weimar Republic was formed for the end of World War I, but it gave the rise to Adolf Hitler, which created World War II. And the thing I'm concerned about right now, if you really want to see what Hitler did, is I had the, what you call it, the ability to travel to Auschwitz and to see the ovens and see the, you know, what, what Hitler did to the Jews and, and From Hawaii, the 442nd Infantry Battalion, they're all Japanese, they fought in Europe and they, they freed Dachau, another one of the POW camps. So the reason I'm concerned about what, what Matthew is talking about is we're doing the same thing. And the difference is we can't see it. We don't see wheelbarrows, we see credit cards instead. And the average American today is carrying a 3,600dollar balance on the credit card at 22% interest or something. So we're not burning Reichmark, we're not flying kites with it, and we're not doing those things. But history is repeating right now. So please be careful. Jerome Powell. This is 2025. Just reduce interest rates again. Means hyperinflation is right around the corner. So it's going to take more and more money to buy less and less. The good news is the rich will get richer because they have true assets. If you have gold, silver or bitcoin, you'll get richer. You own income producing real estate, you get richer. You have cattle, you get richer. But if you have an ordinary job with a 401k you'll probably get poorer. So I thank you for listening to the Rich dad radio program and please keep studying, keep learning and know that history doesn't repeat but it does rhyme. Thank you very much.
- [37:30]
Mrs. Claus's Sister
This podcast is a presentation of Rich Dad Media Network.
- [37:36]
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- [37:54]
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