Wait! Why is everyone in Blue? Could it because of the Avatar movie?
When I saw the title of this video on GoldSilver.com, I was immediately attracted to it!
Robert Kiyosaki talks about Preparing for the worst.
These are some points which I got from the video:
- The worst is due to a combination of the Federal Reserve, big banks and government who is pumping money into the system.
- Bloomberg just sued the federal reserve to open their books
- Federal Reservse has been printing money.
- Conspiracy of the Rich
-Teaching people how to move with the economy. - The old principles of financial education taught are failing
- Investing in a portfolio of mutual funds is not working as the recent Economic Crisis has shown it. - Depression or Hyperinflation
Things will get more expensive - Biggest Change
-No longer use their houses as ATM
-Credit is very tight - He talks about the US Dollar coming down.
- He talks about Ponzzi Scheme
Social security is a Ponzzi scheme.
Young money put in for old money to take out
Young people to put money into the system then older people like Baby Boomers will pull money out
Baby Boomers retire then it will drain social security - China, Russia, Brazil are not going to accept the US Dollar
- He talks about investing in Silver
While there are extensive speculation that US Dollar is losing it’s status as a world currency, I don’t think that that will happen. The whole global economy has been using US Dollar as it’s world currency and simple to replace is going to take a very long time and effort.