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,...

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 --...