Is Robert Kiyosaki right? Is Cash Trash? Here Are My Thoughts... / Garrett Gunderson 

Yes. And if that sunken ship they talked about has paper assets, those would be very rare and valuable. Bad argument but I get cash is watered down and losing value, just not sold that silver is the answer.

Thanks so much. I appreciate hearing from you. Much love.

I am in on Bitcoin for sure. Absolutely. And thanks for all the kind words brother.

John, I respect your Bitcoin view. However, I would add to “controlled by no one” applies today but you and I know that even our government is salivating at the opportunity to intervene and take control away as they did with gold in the 1930’s. They controlled it for almost 40 years. I don’t trust them at all and that’s why I am not on that wagon. I also don’t have a solid answer and continue to study and looking at other viable alternatives. Cheers!

Yes. Focus on value. Serve others. Solve problems. And take care of yourself so you have the energy to give.

@@GarrettGundersonTV much love 👍😁

I'm totally out of the stock market as well and have been for a very long time.

That is correct. Toilet paper and batteries too- ha.

Things are changing.

Supply and demand plus agreement. Correct.

You Sir win the internet prize ! I completely agree. I agree with the intended vs. real life QE vs QT you describe. I would add that the real intent appears not to be liquidity but slowly allowing the banking system to recapitalize during a long term by borrowing at “0” and earning 2 while at the same time giving the government access to the funds received from the selling of the 2% instrument and pumping them back into the local system as “stimulus “ so the locals don’t panic and start “eliminating” people in power in masse. I may be wrong but My observation is that the dollar vs US GDP vs US debt is a smoke screen. Only those countries that are geographically contained could use local currency vs their gdp metrics to describe their economies. I believe that today (maybe it changes at some time in the future) that the dollar is injected into every transaction in the world so the dollar denominated gdp is “worldwide” therefore, we have not even began to scratch the surface of “QE” or “printing”. If this observation is correct and world economic gdp is roughly 63-67 Trillion, we still have a looooooooooooooooong way to go printing and QE. If the powers that be have this arrogant world view of control, then I can finally understand the magnitude of the funding of our military and black bag funding that goes on unbeknownst to us peons With the amount injected by the FED since 2008 into the US economy system , ahem, let me correct myself, I meant “USD WORLD SYSTEM” we should have experienced Argentina of the 70’s and 80’s type inflation when banks were paying 4% PER WEEK, yes PER WEEK….(think about that and annualize it) interest on US Dollar deposits because they were short on exchange currency. I personally knew of stories of expats walking out of one Argentinian bank with shopping bags full of dollars to take it to another bank down the Main Street where all major banks had their main offices because they were offering 1/4 to 1/2 point more. Of course It went on until it collapsed. But my point is that our US mainland inflation is nothing compared to what it should be because it has been socialized with the whole world economic system. The book “Confessions of an economic hit man” is a must read to understand the basic mechanics of what you correctly describe. Therefore our biggest export is not technology or hard commodities or anything, our biggest export is the greenback in Asian-euro-petro-dollar form.

That's pretty funny.

Digital money, the tracking of people and social scores is what is frightening.

@@GarrettGundersonTV ... And it's coming. If for any reason they don't like what you're doing, any place, they will be able to cut your funds off worldwide. It is something to be concerned about, but we all know worry does no good and it wouldn't make a difference anyway. All we can do is prepare.

Businesses. Real estate. Intellectual property. That is his formula. Gold and silver didn't make him rich.

Haha

I agree. Cash is on the decline. He doesn't talk real estate and business in this video. He has two fear mongers promoting silver. I love so many of Robert's books, this is my reaction to this video though.

Trillionaire!!!! I've got a billion dollar one but it ripped in half.

ZIMBABWE is issuing gold coins now. No one talks about that . All that propaganda on their name!🙄