Financial Trends for 2024: Banks, Bitcoin, and Real Estate - Robert Kiyosaki, Gerald Celente
TLDRIn this episode of the Rich Dad Radio Show, Robert Kiyosaki discusses the financial trends of 2024 with Gerald Celente, editor of the Trends Journal. They delve into the potential for banks to fail, the rise of Bitcoin, and the possibility of a global conflict akin to World War III. Celente shares his insights as a trend forecaster, emphasizing the interconnectedness of global events such as wars, economic downturns, and shifts in power dynamics. The conversation also touches on the impact of the COVID-19 pandemic on the real estate market, the banking sector's vulnerability due to unpaid loans, and the escalating geopolitical tensions involving Israel and Ukraine. Kiyosaki and Celente highlight the importance of understanding these trends to prepare for the future, with a particular focus on the role of gold as a safe haven asset amidst economic uncertainty.
Takeaways
- π The banking sector is facing a significant crisis with many banks potentially going bust due to the economic fallout from the COVID-19 pandemic and the shift to remote work.
- π° Gold prices are rising as a result of banking instability and geopolitical tensions, indicating it as a safe haven asset amidst economic uncertainty.
- π¨ There is a growing concern over the possibility of a large-scale conflict, sometimes referred to as World War III, fueled by international disputes and power struggles.
- ποΈ The commercial real estate market is suffering from high vacancy rates, leading to financial distress for property owners and related businesses.
- π International relations are strained, with conflicts in Israel and Ukraine potentially escalating and impacting global stability and resource prices, such as oil.
- πΌ Gerald Celente, known for his trend forecasting, emphasizes the importance of understanding global trends to anticipate future events and make informed decisions.
- π Bitcoin is experiencing significant growth, which some attribute to the same factors that are driving up gold prices β economic instability and the search for secure investments.
- ποΈ There is a call for peace and a focus on domestic issues, such as infrastructure and social welfare, rather than international conflict and military spending.
- π The Trends Journal, edited by Celente, is highlighted as a valuable resource for in-depth analysis and forecasts on a wide range of topics from politics to economics.
- π There's a noted loss of trust in institutions, with mentions of corruption in government and dissatisfaction with political leadership.
- π‘οΈ The discussion suggests that in times of crisis, there's a pattern of governments redirecting focus towards external conflicts as a means to manage internal pressures.
Q & A
What is the main topic of discussion in the transcript?
-The main topic of discussion is the financial trends for 2024, focusing on banks, Bitcoin, and real estate, with predictions of economic challenges and potential geopolitical conflicts.
Who are the speakers in the transcript?
-The speakers are Robert Kiyosaki, host of the Rich Dad Radio Show, and Gerald Celente, a trend forecaster known for the Trends Journal.
What is Gerald Celente's background?
-Gerald Celente grew up in the Bronx, New York, and had a varied career that included working on political campaigns, being an assistant to the Secretary of the New York State Senate, and working in the chemical industry. He became a trend forecaster after the Iranian conflict in the late 1970s.
Why did Gerald Celente start the Trends Journal?
-Gerald Celente started the Trends Journal to provide accurate trend analysis and forecasting, as he felt that traditional journalism was failing to provide the necessary information to understand the world's developments.
What is the significance of the Israeli protests mentioned in the transcript?
-The Israeli protests were significant because they were against Netanyahu's judicial reform, which would have given politicians more power over the courts. The protests were a major event leading up to the conflict with Hamas.
How does the transcript suggest the banking crisis is connected to the rise in gold prices?
-The transcript suggests that as banks are expected to go bust due to factors like the commercial real estate debt crisis, investors are turning to gold as a safe haven, driving up its prices.
What is the 'extend and pretend' phenomenon mentioned in the transcript?
-The 'extend and pretend' phenomenon refers to banks extending loan maturities and pretending that the loans are in good standing, rather than facing the reality of defaults, which could lead to a banking crisis.
Why is there concern about a potential World War III in the transcript?
-The concern about a potential World War III stems from escalating geopolitical tensions, particularly in the Middle East and Eastern Europe, and the belief that when economic and political solutions fail, war can be used as a distraction.
What is the role of the Trends Journal in providing information to its subscribers?
-The Trends Journal provides comprehensive, weekly analysis on a wide range of topics, from geopolitics and economics to health and technology, aiming to help subscribers stay ahead of global trends and make informed decisions.
What is the connection made between the banking crisis and the real estate market in the transcript?
-The connection is that the banking crisis is linked to the real estate market due to the high levels of commercial property debt coming due, which banks may not be able to recoup, leading to defaults and a potential collapse in the banking sector.
Why does Robert Kiyosaki recommend subscribing to the Trends Journal?
-Robert Kiyosaki recommends subscribing to the Trends Journal because it provides a holistic view of global trends, connecting various economic, social, and political developments to give readers a clearer picture of the future.
Outlines
π° Economic Forecasts and Political Insights
The speaker, Robert Kiyosaki, introduces Gerald Celente, a renowned trend forecaster known for his impeccable research and editorship of the Trends Journal. They discuss the potential for a global conflict and financial instability, hinting at a possible World War scenario and bank failures. Celente shares his background, from his early life in the Bronx to his career in politics and trade associations, and how he became a trend forecaster after the Iranian conflict in the late 1970s. The conversation underscores the importance of understanding trends to stay ahead in a rapidly changing world.
π The Broad Perspective of Trend Forecasting
Celente explains the essence of trend forecasting, emphasizing the need to view the world through a multidisciplinary lens. He shares his journey, including his upbringing in New York and how it shaped his ability to see the future. The discussion touches on the potential for gold to have a good year, driven by bank failures, and the historical context of World War II. Celente also addresses the political manipulation that led to the bombing of Pearl Harbor, highlighting the tendency of governments to resort to war when facing internal pressures.
π Global Conflicts and their Financial Ramifications
The conversation delves into the geopolitical tensions and their impact on the global economy. Celente discusses the forecasting of World War III and the potential collapse of banks, linking these events to the rise in gold and Bitcoin prices. They also cover the Israeli protests against Netanyahu's judicial reforms and the subsequent war with Hamas. The speakers express concern over the escalating conflicts and their potential to distract from domestic issues, as well as the economic consequences of prolonged wars.
π° Wealth Protection in Turbulent Times
The focus shifts to financial advice and wealth protection strategies amidst economic instability. Robert Kiyosaki discusses the importance of diversifying investments, including alternative assets like fine art. They also promote the subscription to the Trends Journal for insights into upcoming trends. The speakers express their commitment to enhancing financial well-being and encourage listeners to attend a free online wealth-building event.
ποΈ The Decline of Office Spaces and Banking Crisis
The discussion highlights the shift to remote work and its implications for commercial real estate and the banking sector. With the rise in office vacancy rates and the decline in demand for office spaces, there is a looming banking crisis as many banks hold significant commercial real estate loans. The speakers predict a potential crash in the stock market due to these factors and suggest that gold prices are rising as a safe haven asset amidst these uncertainties.
π¨ Escalating Tensions and the Risk of War
The conversation concludes with a discussion on the escalating tensions in the Middle East and the potential for severe retaliation that could destabilize oil prices and the global economy. The speakers express their concerns about the state of the world, the need for truth, and the importance of peace. They also touch upon the challenges faced by the United States, including infrastructure decay, immigration, and the cost of international conflicts.
π A Call for Truth and Visionary Leadership
In the final paragraph, Robert Kiyosaki thanks Gerald Celente for his insights and reiterates the importance of the Trends Journal as a source of truth and vision for the future. The speaker calls for peace and a focus on domestic issues, suggesting a need to rebuild America and become a self-sustaining economy. The podcast ends with a reminder of the importance of understanding the trends shaping the world.
Mindmap
Keywords
π‘World War
π‘Banks going bust
π‘Bitcoin
π‘Real Estate
π‘Trends Journal
π‘Gold
π‘Inflation
π‘BRICS
π‘Commercial Property Debt
π‘Remote Work
π‘Economic Recession
Highlights
Journalist Gerald Celente predicts a global banking crisis and a potential World War III scenario.
Celente discusses the impact of the COVID-19 pandemic on work-from-home culture and its effects on commercial real estate.
The Trends Journal forecasts a 'golden year for gold' as banks face financial collapse.
Celente highlights the connection between geopolitical tensions and the rise in gold prices.
Discussion on how the Israeli and Ukraine conflicts could escalate and impact oil prices and global stability.
Robert Kiyosaki emphasizes the importance of preparedness for an impending financial crisis through gold investments.
Analysis of the U.S. government's historical actions leading to conflicts, such as the Iranian conflict and Pearl Harbor.
Celente shares his journey from working in politics to becoming a trend forecaster due to disillusionment with the system.
The Trends Journal provides a comprehensive weekly analysis of global trends across various sectors, including AI, geopolitics, and health.
Kiyosaki and Celente discuss the state of the U.S. economy, the stock market, and the potential for a significant downturn.
Concerns raised about the U.S. infrastructure, with bridges and roads in disrepair while funds are directed towards foreign wars.
Celente talks about the 'extend and pretend' tactic used by banks to delay loan defaults, contributing to a future crisis.
The impact of the COVID-19 lockdown on office vacancy rates and the potential for a commercial property debt crisis.
Robert Kiyosaki's call for peace and a focus on rebuilding America's infrastructure and economy rather than military interventions abroad.
Celente's emphasis on the importance of truth in journalism and the role of the Trends Journal in providing unbiased analysis.
The potential consequences of the U.S. government's actions, including the influx of drugs and the risk of military-aged individuals crossing the border.