November 6, 2024
Is AI the Next Big Threat to Our Financial System? James Rickards Explains
Rich Dad Radio Show: In-Your-Face Advice on Investing, Personal Finance, & Starting a BusinessAbout this episode
In this riveting episode of the Rich Dad Radio Show, host Robert Kiyosaki welcomes renowned author and financial expert James Rickards to discuss his latest book, 'MoneyGPT'. The conversation delves into the crucial intersection of AI technology, financial markets, and banking systems. Rickards explains how AI can both revolutionize and destabilize our economic landscape, potentially leading to financial crises. The episode also touches on historical near-misses of nuclear conflicts and the role of AI in national security. Essential listening for those looking to stay ahead of the next big financial disruption. 00:00 Introduction 00:34 Introducing James Rickards and Money GPT 04:15 The Dangers and Potential of AI 06:07 AI and Human Instincts in Financial Markets 09:15 The Role of AI in Market Crashes 13:28 The Importance of Understanding AI in Finance 14:07 Silicon Valley Bank and the Banking System 22:07 National Security and AI 25:59 Bias, Censorship, and AI 29:22 Conclusion and Call to Action ----- 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.