Depression IS Coming - But What Do We Do?

Robert Kiyosaki's View

Look, we are all into crypto for similar reasons but what's the elephant in the room here? Kiyosaki blows this wide open and just says that if you want to be safe, get out of the 'system'. Getting out of the system is getting into moneys that are separated from the government. What moneys are these? GOLD, SILVER AND BITCOIN, according to Kiyosaki.


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Gold Bugs

We are lucky that we still have the generation that Kiyosaki is in so that they can share their knoweldge with us. I am glad that I get to talk to my Grandmother as she will tell you that it was common sense that silver was an investment. People didn't necessarily know why but they knew that silver was an investment. I could see from around her house that there was silver everywhere that she bought for pennies on the dollars that they would be worth today.

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Sound Money

In my previous post, I talked about the principles that make sound money versus currency. The monies that Kiyosaki talks about are Gold, Silver and Bitcoin. Lucky for us crypto users is that he has introduced Bitcoin into that basket when gold and silver have been in that conversation for over two decades! As much as we are into cryptocurrencies, it may be wise to also hedge into precious metals!

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Feel free to comment and share your thoughts too! Ofcourse credits to the youtube video to the pomo podcast on youtube!

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I really like Kiyosaki's framing of "government money, people's money, and god's money" for fiat, crypto, and gold.

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Yeah he commonly refers to them in that exact way, for a long time he never gave crypto/bitcoin the term 'people's money' but he does so now which is good to see. Given his years in the business! I always like it when people who are already very wealthy have an opinion on crypto as they're not just saying it to increase their wealth! Thanks a lot for commenting Neal, I appreciate it! Great work on the LEO roundup podcasts I enjoy your points of view!

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