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The Future of the Gold Standard and the Collapse of the Dollar

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Jun 26, 2024

Economist Peter Schiff joins to talk about the gold standard, Nixon's decision in 1971, future financial crises, gold as real money, flaws in monetary systems, protection of wealth, BRICS nations, risks of a Fed coin, and impact of a dollar collapse on American standard of living.

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Intro

00:00 • 5min

The Shift Away from the Gold Standard and the Impending Dollar Collapse

05:05 • 3min

The Gold Standard, Economic Policies, and Wealth Protection

08:25 • 9min

The Implications of Converting to a Digital Currency

17:37 • 4min

Economic Insights, Asset Diversification, and Financial Crisis Warnings

21:40 • 6min

In this episode, Robert Kiyosaki is joined by economist Peter Schiff to discuss the potential return to the gold standard and the implications for the global economy. They delve into historical events like Nixon's 1971 decision to take the dollar off the gold standard, the economic consequences of this move, and Schiff's predictions for a future financial crisis. Peter Schiff shares his views on gold as real money, the flaws of the current monetary system, and what actions individuals should take to protect their wealth. The discussion also touches on the role of BRICS nations, the potential risks of a Fed coin, and the impact of a dollar collapse on the American standard of living. This episode is packed with valuable insights and is essential viewing for anyone concerned about their financial future. ----- See important disclosures at masterworks.com/cd ----- Please read carefully. This is not financial advice. You may be asking, “what does that mean?” Let me explain… Do not just do what I, my team, or my guest says. That would be stupid and irresponsible. Take the education, then use your own brain and make your own decisions. YOU must take responsibility for your future and your success. That is why you are here. Neither I, or my team, or my guests, know your risk levels, prior education, emotional maturity, or how much money you can afford to lose. We are only telling you what we believe to be smart moves. But you must decide for yourself. There are NEVER guarantees. Also understand that we are REAL teachers. We practice what we preach. With that in mind we often invest in the very projects that may be mentioned on this show. While it is never our intent, we could possibly profit from others investing in our recommendations. Take the education we provide but then determine your own actions. If it does not make sense to you, get more education before you invest. We will continue to provide education and there will always be more opportunities.