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.
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.
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.
"I still think he’s a charlatan."
Sounds like it.