Friday, June 10, 2016

Robert Kiyosaki & Dr. Stephen Leeb

June 10, 2016
Featured Guests
Robert Kiyosaki & Dr. Stephen Leeb

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Summary
  • Chris welcomes Dr. Stephen Leeb, best selling author and head of The Complete Investor.
  • Ultimately, gold will be recognized as the only reliable money, which is why every investment portfolio must include the yellow metal and or PMs shares.
  • Gold could soar more than 8 fold from current levels, to $5,000-$10,000+ per ounce amid a conflagration of global economic challenges.
  • Silver could outperform gold, climbing well into the triple digits.
  • The duo agree that crude oil prices likely found a bottom at $28, subsequently doubled and "full throttle demand by oil producers" was unable to cap the price.
  • The recent 100% advance may represent just the beginning in a multiyear bull market.
  • A key component of the increasing oil demand / price, stems from China, which is opening oil exchanges to unify control of the Eastern oil supply.
  • With global demographic trends implying a several fold increase in the population, demand for crude oil will explode.
  • The price implications extend to silver, amid peak production, according to a GFMS report.
  • There are only 30 swimming pools worth of silver in the entire world.
  • China has hundreds of nuclear reactors planned for construction - the demand for uranium could ignite a new uranium rush.
  • Robert Kiyoaski, America's 'Rich Dad' returns to the show - he just added $1 million of gold to his Fort Knox sized stockpile.
  • The author of Second Chance: for Your Money, Your Life and Our World (2015) and the Rich Dad book series author also penned two books with Presidential candidate, Donald Trump.
  • Why We We Want You to Be Rich and The Midas Touch meant to guide the middle and working classes to prosperity.
  • The discussion includes comments from the former Fed Chairman, Alan Greenspan, who noted the US could face martial law.
  • The $700 million to $3 trillion spent to bailout the US financial system in 2008-2009 Credit Crisis was sufficient to payoff the mortgage debt.
  • Our guest refers to the system as a kleptocracy, which takes from the poor and gives to the wealthy, a reverse Robin Hood system.
  • Robert Kiyosaki underscores how the "Magic of compound interest," no longer works, when rates are near or below zero.

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    Chris Waltzek
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