Posted on 06/27/2011 1:37:47 PM PDT by blam
Rich Dad, Poor Dad, Prepper Dad? Even Robert Kiyosaki Is Warning That An Economic Collapse Is Coming
June 27, 2011
Are you familiar with Robert Kiyosaki? He is best known for the "Rich Dad, Poor Dad" series of books. Over 26 million books authored by Kiyosaki have been sold and he is recognized as a financial expert by millions of people across the globe. Well, guess what? Even Robert Kiyosaki is warning that an economic collapse is coming. In fact, Kiyosaki and his team of financial experts are encouraging Americans to stock up on food, guns and precious metals. This is yet another sign of just how close we are to the total collapse of the U.S. Economy. Kiyosaki, who once co-authored a book with Donald Trump entitled "Why We Want You To Be Rich" is now a full-fledged prepper. As even more prominent Americans start warning that an "economic collapse" is coming do you think that the American people will finally wake up and start paying attention?
The statements that Robert Kiyosaki makes in the video posted below are absolutely jaw-dropping. Once upon a time he was all about teaching people how they could get rich, but now he is talking about storing food, buying guns, investing in precious metals and preparing for the coming crash.
The following are 11 of the best Kiyosaki "sound bites" from the video below....
#1 "when the economy crashes as we predict"
#2 "the crowds come rushing in to buy gold and silver"
#3 "we could either go into a depression or we go to hyperinflation"
#4 "or we could also go to war"
#5 "buy a gun"
#6 "I'm preparing"
#7 "I'm prepared for the worst"
#8 "so come to my house and I'm armed and dangerous and I'll welcome you"
#9 "we have food, we have water, we have guns, gold and silver, and cash"
#10 "the credit card system shuts down, the world shuts down"
#11 "the supermarkets have less than 3 days supply"
If you have not seen this video yet, it is definitely worth the 8 minutes that it takes to watch it. Robert Kiyosaki seems to be extremely alarmed about the future of the U.S. economy....
(Click to the site to see the video)
It certainly seems as though the entire financial culture in America is changing.
Once upon a time everyone wanted to know how to get rich.
Now everyone wants to know how to survive the collapse that is coming.
As I have written about previously, even people like Tony Robbins and Donald Trump are warning that an economic collapse is coming.
Economic pessimism is seemingly everywhere and almost every recent survey indicates that the American people are losing faith in the U.S. economy.
For example, in a recent article I noted that 48 percent of Americans believe that it is likely that another great Depression will begin within the next 12 months.
According to Gallup, the percentage of Americans that lack confidence in U.S. banks is now at an all-time high of 36%. Back in 2007, just 14% of Americans lacked confidence in U.S. banks.
In order for society to function correctly, people need to be able to trust each other and they need to be able to trust the major institutions that hold society together.
Once confidence in our major societal institutions is gone, it is going to be incredibly difficult to get it back.
Sadly, the reality is that many of our major financial institutions have been untrustworthy for a very long time. It is just that the American people are only just now starting to wake up to that fact.
For example, the Federal Reserve has been at the heart of our economic problems for decades but most Americans have not realized it.
But now that is starting to change. According to one recent poll, only 30% of Americans currently view Federal Reserve Chairman Ben Bernanke favorably.
The American people are becoming increasingly dissatisfied with an economic system where the vast majority of the rewards flow to Wall Street, the big banks, the biggest corporations and the ultra-wealthy.
According to the Washington Post, the top 0.1% of all income earners in the United States took home 2.6% of the nation's earnings in 1975. By 2008, the top 0.1% were taking home 10.4% of the nation's earnings.
The Washington Post also says that after adjusting for inflation, the average income of the top 0.1% of all Americans jumped by 385 percent between 1970 and 2008 while the average income for the bottom 90 percent of all Americans actually fell by one percent.
The sad truth is that income inequality in the United States has become a major problem. A very small sliver of the population is reaping almost all of the rewards and the middle class is being ripped to shreds. Conservatives, liberals, Democrats, Republicans and libertarians should all be alarmed by this.
Meanwhile, the national debt continues to explode. Right now, U.S. government debt is expanding at a rate of $40,000 per second.
Every single minute we steal another 2 million dollars away from our children and our grandchildren.
But if we stop this theft it would throw the U.S. economy into a horrible economic crisis that would be far worse than what we are experiencing right now.
That is why the vast majority of our politicians do not have the guts to do it.
We truly are caught between a rock and a hard place.
But people like Robert Kiyosaki can see what is coming, and they are getting prepared.
Are you prepared?
Many of our young people have come up with their own versions of an "economic stimulus plan". In past articles I have documented many of the signs that society is collapsing, including the disturbing rise of the "mob robbery" phenomenon.
Well, just the other day there was another very shocking mob robbery in the city of Philadelphia.
On Thursday, a mob of 40 teens and young adults invaded a Sears department store on 69th Street, grabbed all of the merchandise that they could carry, and stormed right back out again.
We are starting to see these kinds of large scale crimes happen from coast to coast.
So what is going to happen to America if the economy experiences the kind of full out collapse that Robert Kiyosaki is talking about?
We live in very interesting times.
I hope that you are getting prepared.
Kiyosaki is a money grubbing fraud, phony, and liar. He’s not even the last person to listen to about something like this.
I can’t get the source URL to work.....
You must have read his book.
I believe I read it just prior to the bubble. He used a lot of words to say “buy real estate” if I remember correctly. So right now “rich dad” is underwater and “poor dad” in sitting on a 6 figure pension.
Interesting.
Okay. Try this.
People would be better off buying lottery tickets. I hope that Kiosaki took a bath on real estate, like everyone else.
He speaks well, and I have no doubt he believes what he’s saying —I sure do.
But didn’t he at one time actively PRAISE the merits of debt?
If memory serves, he advised carrying about ONE MILLION DOLLARS —of debt.
Hard to believe, huh?
“SLICK Dad, Poor Dad”
ping
Thanks! That works!
No, seriously I saw him during the one of their beg-a-thons. He combined the trivial and the dull. Spend less than you make and invest it. That's real rocket science there. Then he tossed in some boring stories about his childhood. I would have donated if they said "Send money and we won't rebroadcast this show".
Hah! Yes, that's a good synopsis.
"Poor Dad", who I believe was a tenured professor, has his locked in pension (being fed by the College tuition racket); and "Rich Dad" is probably sharing a bunk with Bernie Madoff...
Kiyosaki advised his readers to begin buying silver in 2005. He saw this coming.
My understanding is that he favors ownership of assets that produce cash flow (real estate and businesses, rather than stocks and bonds).
It is conceivable that people who bought real estate recently are still benefiting from rental income, despite the value of the property being below the loan amount.
If Rich Dad proved anything, it’s that selling books is one of the best ways to achieve cash flow.
IIRC, the fine print in one of his books admitted that he formed a corporation to market and sell the books and ideas in them, and he then used the cash flow from those books to fund his other investments.
Duh.
Cheers!
Sounds like a scam artist on the make.
Kiyosaki is a fraud, etc., so the economy is still in the wonderful Obama recovery. Continue giving us government employees our big, fat paychecks, get loans, spend lots of money, and stop saying negative things about our economy.
[Little irony and sarcasm there. Real estate is dead for decades, and the day of reckoning will eventually come with repudiation of the debt. We’ll then be rid of the pesky, busybody government employees of today and have better leadership in business, politics and academia.]
“far more people achieve wealth through professional credentials and careers and high income earned thereby”
With Kiyosaki doesn’t seem to understand that it’s not about luck, or even being entrepreneural, but having a solid skill set that is workable in an economy that isn’t based just on sales. It’s often, more than not, about process, not that one lucky break. Another issue is that the author seems to look down on hard work and working with his hands. It’s all about sitting at a desk and being ornamental and having a check come in. Like a celebrity, he’s out looking for that one stroke of good luck.
we can't all be billionaires...almost all of us have to be worker bees, like it or not....
we should have pride in that....
yet Kiyosaki thinks if you're not out there flipping houses somehow you're defective....baloney on that...
besides...as I understand it, both he and Dave Ramsey made their money off of giving advice, writing books....not because they'er brilliant businessmen....
it easier to invest in real estate if you have a steady stream of income coming from book royalities and radio shows...
Kiyosaki is a money grubbing fraud, phony, and liar. He’s not even the last person to listen to about something like this.That says it all.
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