The System Is Collapsing — And Most People Don’t See It

About this video

• Video Title: The System Is Collapsing — And Most People Don’t See It
• Channel: The Rich Dad Channel
• Speakers: Robert Kiyosaki
• Duration: 42:39

Overview

Robert Kiyosaki discusses his book "Fake: Fake Money, Fake Teachers, Fake Assets," explaining how the global economic system, which he terms "bubble economics," is collapsing due to the manipulation of money, education, and assets by the ultra-rich. He argues that the current economic model is unsustainable and leads to increasing wealth disparity, leaving the poor and middle class impoverished while the rich become wealthier.

Key takeaways

• Bubble Economics vs. Real Economics: The current global economy operates on "bubble economics," characterized by the continuous printing of "fake money" (debt) to inflate asset prices, rather than sound economic principles.
• The Three Pillars of "Fake": The economic system is compromised by fake money (debt-based currency since 1971), fake teachers (an education system that fails to teach financial literacy and is controlled by the rich), and fake assets (investments like stocks and bonds that are manipulated and can lead to significant losses).
• Wealth Disparity: The system is designed to make the rich richer by providing them access to debt for asset acquisition, while the poor and middle class are burdened with debt and limited financial education, leading to their impoverishment.
• Historical Precedents: The current economic situation mirrors historical instances of hyperinflation and economic collapse, such as in the Weimar Republic, suggesting a potential for a similar outcome if the system is not addressed.
• Critique of Financial Education: Traditional financial education, including balancing checkbooks and understanding FICO scores, is deemed insufficient and even misleading ("financial misinformation") by the speaker, who advocates for real financial education focusing on debt and taxes.