Why Asia Is Booming While America Struggles – Robert Kiyosaki, Richard Duncan
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Why the US dollar is losing value is one of the most important questions investors must understand today. In this episode of the Rich Dad Radio Show, Robert Kiyosaki sits down with economist Richard Duncan to explain how the global financial system evolved—and why it is becoming increasingly unstable.
Richard explains that the turning point came in 1971, when the US dollar was taken off the gold standard. This shift allowed the United States to expand credit without limits, transforming the economy from one based on savings and production into one driven by debt and consumption.
As a result, the US became the largest debtor nation in history, relying on foreign countries to finance its spending. Nations like China accumulated trillions in US dollars and reinvested them into US assets—creating asset bubbles and distorting the global economy.
Robert and Richard break down how this system, which Richard calls “creditism,” now requires constant expansion of debt to survive. Since 2008 alone, US government debt has surged from $9 trillion to nearly $40 trillion, fueling economic growth but also increasing systemic risk.
You’ll learn:
• Why the US dollar has lost purchasing power over time
• How removing the gold standard changed the global economy
• What “creditism” means and why it depends on rising debt
• Why foreign countries are shifting from dollars into gold
• How inflation, asset bubbles, and inequality are connected
The episode also explores global implications. As confidence in the dollar weakens, central banks are increasing their gold holdings and reducing reliance on US assets. At the same time, rising oil prices, geopolitical tensions, and trade shifts are putting pressure on consumers worldwide.
This topic matters now because the global financial system is at a turning point. Investors who understand the risks of fiat currency and debt-driven growth can better position themselves in real assets and global opportunities—while those who ignore these changes risk losing purchasing power over time.
00:00 Introduction
00:41 Dollar Crisis Origins
02:48 Richard Duncan
05:04 Writing The Dollar Crisis
07:07 Corruption of Capitalism
09:50 War and De Dollarization
12:27 Inflation and Oil Shock
18:08 Macro Watch Offer
19:46 Asia Boom vs US Decline
27:51 Debt QE and Inequality
30:01 Wrap Up and Final Word
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Disclaimer: The information provided in this video is for educational and informational purposes only. It should not be considered as financial advice or a recommendation to buy or sell any financial instrument or engage in any financial activity.
The content presented here is based on the speaker's personal opinions and research, which may not always be accurate or up-to-date. Financial markets and investments carry inherent risks, and individuals should conduct their own research and seek professional advice before making any financial decisions.
Cameron Long
Cameron is a seasoned CFO and CPA with 31 years in finance. He created the AI Trader's Playbook to help everyday investors use AI to find high-confidence trades — in minutes, not hours.
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Yo entiendo cuando usted habla de dinero de mentira, pero igualmente si alguien tiene 1 millon de dolares puedes hacer muchas cosas y conquistar tu libertad rapido. Es peor no tener nada….ahi si estas jodido
Dice que el dinero es de mentira sin embargo, vende libros por el dinero de mentira? Estoy empezando a creer que todos estos ricachones estan mareando a la gente para exprimir hasta el ultimo dolar.
That’s because they want to take advantage of slaves in foreign countries. They’d rather have their products made by slaves in China or other countries then just have their stuff made in America because it’s cheaper to take advantage of slaves apparently
Our President says we don’t have oil crisis and I don’t know if is true.
He’s lying obviously.
He became a puppet of the real World Leaders
Hows it Rollin
If Europe did it why couldn’t America go back to the gold standard
Asia rising.
30:17 They cut of Richard Duncan before he was done speaking about wealth inequality because of debt between the rich and poor.
I’m Vietnamese. Thank you, Robert Kiyosaki
Robert appreciates your support.
Thank you for your videos mate…. With Trump’s presidency, economic shifts are expected to be significant, especially given the current recession and the potential impact of future rate cuts. Although rate cuts might not boost inflation as hoped, they may lead banks to further restrict consumer and corporate lending, contributing to a deflationary period for various assets. This environment could result in declining stock values, retail and housing sales, and rising unemployment due to layoffs. For investors, a diversified portfolio especially with stocks and cryptocurrencies offers some protection, serving as a hedge amid volatility. Both long- and short-term trading strategies can help manage risks, providing stability as markets adjust. I have managed to grow a Portfolio of around 38 bitcoins in the space of a few months in the space of a few months.Thanks again, Rafa Manuel, for the regular updates.
He’s mostly interacts on TE LEGR AM.
@Rafamanuel
Robert never get tired of listening to you. Thx for all the years of financial freedom.
Thanks for your comment.
Thank you, Robert. It’s interesting to hear about how countries have developed since the war. 😊
There is no America news explaining why the economic is collapsing.
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