Posted on 06/28/2011 2:16:16 PM PDT by SeekAndFind
Kyo may well be correct, but I still think he’s a charlatan.
One of my work friends went to his seminar some years ago, went “all in” on leveraged real estate deals, and was financially destroyed.
We may be close to a second American revolution.
when you continuously outsource american jobs, the only americans getting rich are the ones doing the outsourcing. Seems pretty obvious to me more and more cash will go into the hands of fewer and fewer people.
I think I heard this analogy here on Freerepublic but I’ll repeat:
The current world economy is like a WWII aircraft carrier that is burning out of control after being hit by a torpedo or two. But the fire has not yet hit the munitions stores.
Look for that event. And when you see it, the time to prepare will have passed.
Just wait until the USA defaults and the dollar becomes worthless.
That will be like finding out Mohammad was a space alien pedophile for Muslims.
The total destruction of the organizing principles of the current world order.
Many would agree that it's time to hit the re-set button.
marker
I guess he misses the glory days of having a best-seller, and needs the spotlight again, so he’s jumping on the doom and gloom bandwagon. I distrust hustlers like this
*instinctively*, so I’ll pass. Anyone who promotes a book
with this kind of content using the strategy of “Look at how he’s reversed course!Look at the unprecedented things he’s saying now!, is desperate, and will be more desperate still once people find out just how little substance his first book had.
It’s coming sooner than you think.
In a total market collapse, why would gold be worth anything?
Tools, fuel, food, seeds, water, guns, ammo. Those are the commodities to have.
You beat me to the punch...not too many years ago (after making a pile off his “Rich Dad” book), Kyo was encouraging everyone to invest in the risky real estate deals that destroyed your friend. Doesn’t look like he’s hurting, so I’m guessing “Kyo” didn’t take his own advice.
I have all that stuff, but gold has a track record throughout recorded history as a source of value.
The frustrating part was that the guy gave me all his Kyo “materials”, asked for my opinion, and then disregarded my cautions about Kyo.
A good fellow too, just gullible. I’ve never been to one of those Kyo seminars, but I’d bet it’s like a “time share” pitch.
Most people know it’s a loser, but a percentage can’t say no.
true. If the financial world melts down, gold will be great to have, but these guys are taking it to the next level - suggesting a zombie-style apocalypse (criminals or the unprepared being the zombies) will occur.
If the system truly breaks down to that extent, you may have to trade a pound of gold (or more) for a meal.
I’ve always seen people such as Kiyosaki and Trump and others such as Dave Ramsey and Clark Howard as two opposite points on a pendulum. Either extreme is dangerous but somewhere in the middle between the two is good place to be. A similar allegory applies to labor and capital. Each has been at an extreme of power in our nation’s history and neither extreme is good.
Listen, all you Chickens Little, even during the Depression — when the US economy arguably collapsed — there was food, there was fuel, there was order.
Nothing is going to “collapse” the economy — or civilization — absent plague, nuclear holocaust, or world war. In short, the end of the world.
And a Bible VIP says anyone who says they can predict that is an idiot.
More in that vein:
* stocks will go up or they will go down.
* The world will get warmer, or cooler.
* Obama could get reelected, or someone else will be.
Correct. I'm guessing that any day now Kiyosaki will come out with a book titled "Rich Dad, Prepared Dad". It will have one page of useful information spread out onto 200 pages and cost $29.99.
And then he'll start "Rich Dad, Prepared Dad" seminars. Attendees will be pressured into paying $2000 or so for "personal preparedness coaching".
“Kyo may well be correct, but I still think he’s a charlatan.”
He IS a charlatan.
he is also not an economist and no more of an expert than your average commentator or pundit so his opinion is worth very little.
Economy will grow 2.5-3% this year. We have a weak recovery, one that is stunted by Obama’s bad policies, but its not the end of the world, and people who scare you out of investments with this doom-and-gloom claims might hurt rather than help your returns.
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