2min chapter

Rich Dad Radio Show: In-Your-Face Advice on Investing, Personal Finance, & Starting a Business cover image

Are you prepared for the next financial crisis?

Rich Dad Radio Show: In-Your-Face Advice on Investing, Personal Finance, & Starting a Business

CHAPTER

The Central Planners and the Authoritarians

The FDIC are panicking because if you have like $250,000, you'll see you have a million dollars. Does that mean you only get $750,000 back if you lose everything? Or is these FDIC, the Federal Deposit Insurance Corporation going to bail out $1,000,000,.000 too? And that's the uncertainty because money is confidence and our confidence is gone today. The Eurodollar means European dollar. It's dollars outside of America, which are then creating more money outside of America. There's trillions of Euro dollars as well as US dollars. This thing's a big mess. It's like the big house of cars is set to come down.

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