The rise of automation means that many workers around the world will eventually be replaced by robots and artificial intelligence, and most Americans are not financially prepared to face a reduction in income, said Robert Kiyosaki, best-selling author of Rich Dad Poor Dad.
“The reason we have social unrest is that people that are protesters [don’t have assets]. They’ve got nothing. If they lose their jobs and they lose their income and they have [no assets], we’re going to have a revolution,” Kiyosaki told Kitco News.
0:28 – Hottest investments today
1:00 – Gold to replace dollar
2:04 – Americans don’t have savings
3:54 – Robots to replace 800 million people by 2030
8:45 – Altruism vs greed
12:13 – Is it capitalism’s fault?
13:22 – What’s wrong with our education system?
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Today, the world is facing many of the same problems that were being faced before the Great Depression set in. The world’s governments are facing massive and unsustainable debt and today’s guest says you “can’t solve a debt problem with more debt.” The problem we’re facing today is that technology is advancing far faster than the governments can keep up with—it’s a true battle between the Industrial Age and the Information age.
Jeff Booth is the author of “The Price of Tomorrow: Why Deflation is the Key to an Abundant Future” and he believes that technology-driven deflation is a significant challenge for the global economy, and central banks attempting to create artificial inflation through monetary policy are doomed, ultimately, to failure.
Hosts Robert and Kim Kiyosaki and guest Jeff Booth discuss why the world will need to move to a deflationary economy and why you should care.
The Intelligent Investor Audiobook Full by Benjamin Graham is a widely acclaimed book on value investing. Warren Buffet mentioned that book a lot in his speeches. This book is the greatest investment advisor of the twentieth century, Ben Graham taught and inspired people worldwide. His philosophy of “value investing” – which shields investors from substantial error and teaches them to develop long-term strategies – has made The Intelligent Investor the stock market bible ever since its original publication in 1949.
Originally published: 1949
Author: Benjamin Graham
Subjects: Security, Investment
⏱ Timecodes (TBA):
0:31:33 – Chapter 1: Investment vs Speculation. Results to be expected by The Intelligent Investor
1:00:37 – Chapter 2: The Investor and Inflation. Inflation and a fight against it
1:17:38 – Chapter 3: A century of Stock Market history. The level of stock prices in early 1972
1:39:43 – Chapter 4: General Portfolio Policy. The Defensive investor
2:05:29 – Chapter 5: The Defensive Investor in Common Stocks
2:23:44 – Chapter 6: Portfolio Policy for the Enterprising Investor. Negative approach
3:21:01 – Chapter 8: The Investor and Market Fluctuations
8:12:35 – Chapter 19: Shareholders and Managements. Dividend policy
8:27:03 – Chapter 20: Margin of Safety is the central concept of Investment