Free Republic

The U.S. used to be a capitalist country, but is now becoming a Marxist society, said Robert Kiyosaki, best-selling author of “Rich Dad Poor Dad.” Kiyosaki was a veteran of the Vietnam War who had seven uncles fighting in World War 2. “I fought for capitalism,” he said. “America is going Marxist.” The evolution of socialism in the U.S. started with the anti-war protests following the Vietnam War, Kiyosaki said. “When I came back [from Vietnam] the hippies were outside just like the protesters are today in Chicago. I got hit with rotten eggs, I got hit with stink bombs,...

FTM Weekly's Jerry Robinson interviewed "Rich Dad, Poor Dad" author and investor Robert Kiyosaki during which Kiyosaki had these comments re: Occupy Wall Street:"This has happened throughout history. Back in the Industrial Revolution those people were called "Luddites" and Luddites went out and protested factories because factories were replacing workres. Being called a Luddite back then, y'know today they call it (unintelligible) Wall Street guys (referring to OWS - ed.).But, anyway, the world has changed. Y'know, Donald [Trump] and I say the economy has moved on. It's not coming back. And, y'know, you look at the Post Office workers -...

I'm very bearish on the U.S. dollar and have been for years. That's why I have so many of them. This sounds like a contradiction, but let me explain. The reason I have so many dollars, even though I think they're worth less and less, is because I don't hang on to them. In my mind, cash is trash. One of the reasons why we have this enormous gap between the world's haves and have-nots is because the have-nots value money -- they work for it, save it, cling to it, and lose it.A friend just bought a new SUV....

During the height of the real estate bubble, I wrote a column saying that the crash was coming and suggested selling any piece of real estate that was overpriced, questionable, or non-performing. As expected, I received angry replies. Today, I'm predicting the next crash, what I believe will cause it, and why it'll be a severe blow to the global economy. The signs are already here. Busts Beat Booms First of all, it's no big deal to predict booms and busts. All markets boom and bust. It's just easier to predict a bust because the signs are so obvious --...

Allow me to be politically incorrect: The No. 1 reason people aren't rich is because they're lazy. This is purely my opinion and no one else's, and I have no scientific proof to back it up. Why the sudden honesty? I'll tell you. The Best Policy? One of the things I loved most about the Marine Corps was that I never had to worry about what anyone was thinking. When I was preparing to be an officer, there was no sensitivity training. When superior officers spoke to you, they didn't have to wrap their words in ribbons and bows, and...

Many of Wall Street's elite firms were being required to pay tens of millions of dollars in fines to investors, according to media reports. The penalties are for alleged bad investment advice, courtesy of New York State Attorney General Eliot Spitzer. This brings me to one of my favorite quotes from famed investor Warren Buffett goes: "Wall Street is the only place that people ride to work in a Rolls Royce to get advice from those who take the subway." I have been highly critical of the standard financial planning advice -- "work hard, save money, get out of debt,...

American workers have been getting the short end of the stick since 1943. That's when the United States Congress, in response to the costs of World War II, passed the Current Tax Payment Act. The act requires employers to withhold taxes from their employees' paychecks, overturning the previous system in which workers were paid first and settled their tab with the government later. The Current Tax Payment Act is why so many people look at their paychecks and wonder where all their money has gone. My poor dad -- who also happened to be my real dad -- often said...

Angela Brown of Euclid, a single mother living with little income in a government-subsidized apartment, bought five houses in one day, qualifying for hundreds of thousands of dollars in loans that she has no way of paying off. David Crosby of Cleveland, a night-shift postal worker, bought six houses - four in one day - through an identical loan deal that plunged him into a sea of debt. Brown and Crosby were each looking for investment income in 2004: She needed to pay college tuition; he wanted to go into retirement with a healthy nest egg. So when Daryle Rutherford...