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Are We Experiencing a Black Swan Event?

Harry Dent

March 25, 2020|46min

If you’ve been following your financial advisor’s advice of “invest for the long term” for the last several years you’ve been living fat, dumb and happy...until now. The sudden plunge in the stock market and the global spread of the Coronavirus is making citizens across the globe more and more anxious as the days go by despite efforts by the Fed to pump in more money.

Harry Dent, author of "Zero Hour: Turn the Greatest Political and Financial Upheaval in Modern History to Your Advantage", warns, “Markets will be brought down to reality and may not recover for 25-30 years—if ever.”

In this episode of The Rich Dad Radio Show, Robert Kiyosaki and Harry Dent discuss exactly what is happening in the stock market, the bond market, and the real estate market. You’ll find out what Harry says he’ll be doing and what you can do to survive these turbulent times.

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5 Pension Time Bombs – Part Three - Mark Greene, Ted Siedle


Mark Greene, a 30-year veteran UPS driver from Upstate NY, found out that the pension he and his organization’s members were counting on for their retirement security was in financial crisis. As president of the Teamsters Alliance for Pension Protection (aka TAPP), a grassroots pension watchdog organization, he led efforts to raise funds to perform the first-ever forensic investigation of The New York State Teamsters Conference Pension & Retirement Fund.

The people running the pension had spent millions (money paid by workers’ retirement savings) for bad advice from so-called experts who ultimately ran the pension into the ground. Ted Siedle says “The New York State Teamsters Conference Pension and Retirement Fund did not have to collapse—gross mismanagement caused this crisis.”

Listen as Robert, Ted Siedle and Mark Greene give warning to those whose pensions are ill, dying, or dead.

Surviving Coronavirus: Protect Your Health and Wealth - Chris Martenson, PhD and Dr. Nicole Srednicki


As cases continue to grow exponentially, the number of known global cases of COVID-19 passed 100,000 over the weekend. Just days ago, the World Health Organization (WHO) reported 105,586 confirmed cases across more than 100 countries and territories, and although the outbreak has been slowing in China, where it originated, the country still accounts for almost 80% of confirmed cases.

Additionally, on Monday, March 9, the Dow Jones industrial average declined 2,014 points, or 7.8%, its biggest single-day loss since October 2008.

While the total number of cases affecting individuals worldwide has yet to be known, there is much each of us can do to avoid becoming a victim ourselves. One thing is for sure, only you can protect yourself.

5 Pension Time Bombs – Part Two - Andy Tanner, Ted Siedle


Part two of the 5 Pension Time Bombs series dives deep into how the fifty percent of Americans relying on a pension (DC or DB) are at risk of losing their wealth due to the gross mismanagement of their funds.

Those that are looting the pensions of public-school teachers, firefighters, police, as well as private-sector workers, can be found on Wall Street. The Wall Street casinos are charging high fees for gambling in risky hedge funds and other speculative investments, outrageous investment-industry conflicts of interest, and outright violations of the law.

According to Ted Siedle, a former attorney with the United States Securities and Exchange Commission and America’s leading expert in pension looting, “In the decades to come, we will witness hundreds of millions of elders worldwide, including America’s Baby Boomers, slipping into poverty. Too frail to work, too poor to retire will become the “new normal” for many of the aged.”

One thing is certain: Doing nothing―sitting back, confident your pension check is “in the mail”―is not an option. It’s a risk you can’t afford to take.

Listen as Robert and Kim are joined by Ted Siedle and Andy Tanner to discuss the massive crisis about to come crashing down on millions of Americans, but more importantly, what you can do about it.

5 Pension Time Bombs - Part One - John McGregor, Ted Siedle


It’s estimated that there are over 50 million pensioners―in the United States alone, and like the United States, the United Kingdom, Japan, Italy, Germany and many other countries around the world are all in big trouble when it comes to the solvency of their pension funds.

We are in the early stages of the greatest retirement crisis in the history of our nation and, indeed, the entire world.

In this series, we’ll be answering how systemic corruption by local governments and financial institutions mismanaged the pension plans of tens of millions of people around the world—and how it will affect you, but more importantly, what you can do to protect yourself from this crisis.

Listen as Robert and Kim are joined by Ted Siedle and John MacGregor to discuss how the looting of our individual wealth is well underway and it isn’t going change anytime soon.

The Number One Skill Of An Entrepreneur - Daymond John


Whether it’s a son of a friend who needs $250,000 to find a product and develop it, or an entrepreneur with a prospectus and alarm who needs $400k for 10 days, or a business with which you have a standing order, they all need one thing – to raise capital!

Today’s guest is Daymond John, one of the stars of ABC “Shark Tank”, who sees entrepreneurs pitch deals all day long. The founder and CEO of FUBU is the author of a new book called “Power Shift” that talks about how to transform any situation, close any deal, and achieve any outcomes.

In this episode, Robert and Kim Kiyosaki are joined by Daymond John who dive into what goes through his mind when somebody is out of touch with the world of entrepreneurship and capital raising, what turns him on or off on the deal, what happens when people he has invested in fail.

Why You Need To Do Exactly the OPPOSITE of What Everyone Else is Doing - John Del Vecchio


Are you doing things your mom and dad told you to do? Do you have social mania and go off the cliff like everybody else in the herd? Our guest, John Del Vecchio, says to you, “I would probably hold your hand and pray with you”.

John is an In-House Stock Market Guru, a Forensic Accountant (somebody who looks for the lies, cheats, and steals) for Dent Research. He is also author of a brand new book called “Unbounded Wealth”, dedicated to the mom and pop investor.

If you're doing what everybody else does, you'll get what everyone else gets - mediocre performance in the markets. You're not going to be in the top 1%. If you start to do the opposite, you have a better chance. Most people do the wrong thing at the wrong time, but John can help you to not get sucked in with the crowd! Listen to this episode as we lay down how to break free and live a life on your own terms!

Lies on Wall Street - Paul Pagnato


Have you ever tried downloading an App on an App store and there is this super lengthy list of v things about the rules, regulations, contracts and other boring stuff that makes us just want to click that “agree” button and move on from it? This and complicated contracts, sophisticated terms, privacy standards, digitization etc, play a huge part in the money world.

In today’s episode, Robert Kiyosaki and Kim Kiyosaki are joined by Paul Pagnato to talk about how transparency, or lack thereof, affects people’s trust and how some companies or personalities are doing things with transparency. Paul is named Barron's top financial advisor and Forbes tops wealth advisor, and is author of “Transparency Wave”. We will touch base on a wide array of subjects from Wall Street to Bitcoin, pension and student loans, Bernie Madoff, shadow banking system, and more.

To find out what's really going on under the sheets, listen to today’s episode!

Walking Away From $5 Million a Year - Vontae Davis


There’s a question that I like to ask people, and I want you to think about your answer for a minute.

“What would you do if I paid you five million dollars per year?”

Would you quit your job? Would you work more? How far would you be willing to go to get that money?

If you’re former NFL player Vontae Davis, a five-million-a-year paycheck wasn’t enough to keep working. Not only did he get out of playing football, but he walked off the field in the middle of the game.

Why? Because of his health. He knew that continuing to play would put himself in danger and that if he didn’t leave now, he could regret it for the rest of his life.

Most people, I think, wouldn’t throw away that kind of money, even if they were in that situation. We only have to look at other football stars that continue to play to see how true that is.

In this episode, we talk with Vontae about his decision to walk away from guaranteed millions and how that has impacted his life.

Fortunately, he was already smart about his money beforehand, and he wasn’t living a lifestyle beyond his means.

Vontae’s story can shed some light on the nature of money and what it takes to walk away from a seven-figure payday. If you’re experiencing a similar crossroads in your life, it’s worth it to make a change for the better. Listen now and see where Vontae’s decision led him.

Who Stole My Pension? - Edward Siedle


We are in the early stages of the greatest retirement crisis in the history of our nation and, indeed, the entire world. One thing is certain: doing nothing―sitting back, confident your pension check is “in the mail”―is not an option. That’s a risk you can’t afford to take.

According to Edward "Ted" Siedle, a former attorney with the United States Securities and Exchange Commission and America’s leading expert in pension looting, “In the decades to come, we will witness hundreds of millions of elders worldwide, including America’s Baby Boomers, slipping into poverty. Too frail to work, too poor to retire will become the “new normal” for many of the aged.”

In their bookWho Stole My Pension?, Robert and Ted focus on the most misunderstood and ignored cause of the pension crisis: mismanagement of pensions and investments.

Robert, Kim and Ted recount a history of pension failures, inexperienced boards, gambling, looting, and other horror stories―with a focus on action steps workers and retirees can take to quickly determine if a pension is being mismanaged as well as the concrete steps they can take to end decades of pension mismanagement. They detail critical questions retirees can ask―and guidance regarding how to act on what they learn.

Pulling Back the Veil of the Modern World of Banking - Nomi Prins



For the last couple of years, if you heard the word collusion, chances are that you would imagine Russia helping the Trump administration win the 2016 election. While the world was focused on that, real collusion was happening between the Fed and world banks to create an economic crisis. This all started long before Trump took office, and the ramifications of it helped create the Great Recession, and we’re all still reeling from it.

In today’s episode, we’re talking with Nomi Prins, author of the book Collusion. As a Wall Street insider, Nomi got a firsthand look at how the US and the Fed created a massive financial problem, both at home and abroad. We discuss the truth behind how world banks are facilitating this crisis and what average Americans can do to protect their money.

If you want to find out what’s really going on behind the curtain, you need to listen to this episode.

Learning How to Reduce Your Taxes, the Legal Way - Tom Wheelwright



At the beginning of a new year, everyone starts paying attention to their taxes. However, rather than looking ahead at their tax burden for the coming 12 months, the vast majority of people and business owners are looking at the previous year. Unfortunately, when it comes to saving money on taxes, taking that kind of approach is not going to do any good. Simply put, you can’t reduce your tax bill after the fact.

In this episode, Robert Kiyosaki is joined by Rich Dad Advisor, Tom Wheelwright, who is also a professional tax advisor. If you’re anything like Robert, you hate giving any money to the government. At first, you may think that Robert must be cheating or cooking his books, but the fact is that there are legitimate ways to reduce your tax bill to nothing or almost nothing.

Robert and Tom discuss various ways to find these incentives that the government offers to businesses and entrepreneurs. That is, assuming that you want to pay less or nothing at all. Break the tax cycle and discover how in this episode.

Life's Manifesto - Dr. Brett McCabe



You can’t ignore the fact that the ‘competitive spirit’ is becoming more and more rare among men and women, both in this country and around the world. Not only is competitiveness in short supply, but many people even look down upon it, considering those who are competitive to be shallow, greedy and vain. However, here to explain why the world at large is not a zero sum game, and why truly competitive people are people who compete with themselves more than anyone is sports psychologist, motivational speaker and author of The MindSide Manifesto, Dr. Brett McCabe.

Dr. Brett McCabe had a long history in sports, and it was there, under the guidance of his coach and military father, that he learned to cultivate the inner drive for success. And from that point on it was only a matter of time before he got it, training professional golfers and writing best sellers.

With automation and globalization on the rise, it’s becoming difficult for many people to believe that they can utilize their individuality and make something of themselves in a world so crowded and seemingly governed by uncontrollable forces. Dr. McCabe, though, has spent years studying the human element behind achievement and has come to the realization that we alone are our own greatest resource, and an investment in oneself in the only way of unlocking our true potential.