The Rich Dad Channel
@therichdadchannel·3.6M subscribers·1.7K videos
The Alternative to Central Banking - Robert Kiyosaki and Saifedean Ammous [Rich Dad Radio Show]
Posted
December 16, 2020
Views
68,383
Likes
2,750
Comments
865
Engagement
December 16, 2020
68,383
2,750
865
5.29%
Every word spoken in this episode is indexed. Type any phrase to jump straight to the moment it was said.
Type any word or phrase that may have been spoken. Click a result to seek the player to that exact moment.
Try a name, a topic, or a quoted line
37:38Now PlayingGold became money as determined by the free market because of its properties—scarcity. But with the invention of Bitcoin, we are now seeing a historical event that will never be repeated. Bitcoin’s characteristics make it a direct competitor to the central banks because of its absolute scarcity, resistance to theft and confiscation, and the system that it’s built upon prevents it from being shut down.
Saifedean Ammous, economist and author of The Bitcoin Standard: The Decentralized Alternative to Central Banking says, “The higher the ratio of the stock to the flow, the more likely a good is to maintain its value over time and thus be more salable across time.” And he says it’s this reason Bitcoin is the only working alternative for central banking.
Host Robert Kiyosaki and Saifedean Ammous answer the questions surrounding Bitcoin and why it the “first demonstrably reliable operational example of digital cash and digital hard money.”
Website: www.saifedean.com
[Take Advantage of this FREE Trial & Discover How to Build Your Fortune With Cryptocurrencies]
#robertkiyosaki #bitcoinstandard #financialeducation
Facebook: @RobertKiyosaki
Twitter: @TheRealKiyosaki
Instagram: @TheRealKiyosaki
Sentinel Indexing in Progress
Metadata and chapters are available. Claim extraction for this episode is pending.
All video content is delivered via YouTube embedded players in accordance with the YouTube Terms of Service. Sentinel provides research tools that promote discovery and accountability across political media.
