Robert Kiyosaki Blog

Financial Education Portal inspired by Robert Kiyosaki


Keiser Report: No jail for banksters in real world Monopoly (+Andrew Maguire)

In this episode of the Keiser Report, Max Keiser and Stacy Herbert discuss the real world Monopoly board game without a jail and on which most players must pass ‘go’ and receive just $200 in foodstamps while a select few get to pass ‘go’ and collect $200 billion in bailouts, bail-ins and subsidies. In the second half, Max talks to precious metals expert, Andrew Maguire, about the run on the bullion banks happening right...

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Simon Black – What time would you leave?

September 17, 2013 En route to the United States In mathematics, the term ‘linearity’ describes a relationship in which the rate of change for a variable is constant. If you’re driving from Paris to Frankfurt at 100 kilometers per hour, then this is a linear system– your rate of change (speed) is constant. Exponential growth, on the other hand, describes a relationship in which the rate of change for a variable is proportional to its current value. Think of a single bacterium that multiplies into two. Two become four. Four become eight. Eight become sixteen. Etc. The more bacteria, the faster the population grows. This is exponential. Many of the issues we face today are exponential problems masquerading as linear ones. And this is a huge distinction. Think about the debt. I was in Japan for the last several days, a country so deeply in debt that the government has to finance 46.3% of its annual budget with DEBT. Imagine, for example, that your total household budget is $ 100,000 annually. It would be as if you had a $ 54,000 salary, and had to borrow the rest on your credit cards. There’s a huge problem with this approach– the more debt you take on, the harder it becomes to pay back, and the more debt you’ll have to take on. It’s a vicious cycle. The Japanese government has to borrow money just to pay interest on the money they’ve already borrowed. Same in the US and most of Europe. This means that each year, they have to take on more and more debt just to pay for the debt they already have. Just like the erosion of civil liberties, the destruction of financial privacy, the growth in world population, the expansion of the money supply, and the demand/depletion of natural resources, debt is an exponential challenge. The danger with exponential problems is that they can really sneak up on you. Here’s an example– Let’s say you’re at a party in a small apartment that’s about 500 square feet in size. Then suddenly, at 11pm, a pipe bursts, starting a trickle into the living room. Aside from the petty annoyance, would you feel like you were in danger? Probably not. This is a linear problem– the rate at which the water is leaking is more or less constant, so the guests can keep partying through the night without worry. But let’s assume that it’s an exponential leak. At first, there’s just one drop of water. But each minute, the rate doubles. So by 11:01pm, there’s 2 drops. By 11:02, 4 drops. And so forth. By 11:27pm, there’s only six...

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2013 America the Beautiful Silver Bullion Coins Surge in September

Demand jumped for investor America the Beautiful 5 Ounce Silver Bullion Coins, making September an already very strong sales month for them. Released 2013 America the Beautiful Silver Bullion Coins. The last 5 ounce coin for the year launches in Nov. In collector products, renewed interest in silver commemorative coins showed up in the latest United States Mint sales stats. Their sales nearly doubled compared to the previous week. The changing levels may be due to the US Mint’s Fall Catalog marketing. Sales of the commemoratives in silver hit 1,735 cumulatively versus 965 in the prior round. Broken out, all but one exceeded its earlier week’s sales. Leading the group was the 2013 5-Star Generals Profiles Collection with 651 new purchases after 302 were picked up previously. It was followed by the individual 2013-P Proof 5-Star Generals Silver Dollar and the 2013 Girl Scouts of the USA Centennial Proof Silver Dollar, gaining 401 and 316 respectively. In the last report, collectors took in 213 and 207 of those proof coins. Returning to the bullion arena, US Mint Authorized Purchasers on Wednesday alone ordered 19,700 of the America the Beautiful 5 Ounce Silver Bullion Coins. That brings their September tally up to 22,900. As a comparison, 19,000 were picked up in the entire month of August and 17,000 were sold in July. In advances over the last seven days: 2013 ATB White Mountain coins gained 3,800 to 35,000 2013 ATB Perry’s Victory coins gained 1,400 to 25,000 2013 ATB Great Basin coins gained 3,000 to 25,000 2013 ATB Fort McHenry coins gained 14,700 to 25,000 In the first table below are the latest sales stats for collector silver coins and related products from the US Mint. Sunday, September 8, is the “as of” date. US Mint Coin Sales: Silver Coins for Collectors Previous Sales New Sales Unit Increase % Increase Mintage Limit Proof 5-Star Generals Silver Dollars 52,265 52,666 401 0.77% 500,000 Uncirculated 5-Star Generals Silver Dollars 21,702 21,790 88 0.41% 5-Star Generals 3-Coin Set 9,994 9,994 0 0.00% Sold Out 5-Star General Profiles Collection 4,156 4,807 651 15.66% 50,000 Proof Girl Scouts Silver Dollars 80,564 80,880 316 0.39% 350,000 Uncirculated Girl Scouts Silver Dollars 29,978 30,065 87 0.29% Girl Scouts Young Collectors Set 3,509 3,701 192 5.47% 2013 Congratulations Set 4,213 4,304 91 2.16% none 2013-W Silver Eagle Two-Coin Set 281,310 281,310 0 0.00% Sold Out 2013-W Proof American Silver Eagle 713,942 725,325 11,383 1.59% none 2012-W Proof American Silver Eagle 819,217 819,217 0 0.00% Sold Out 2013 America the Beautiful Quarters Silver Proof Sets 110,586 111,482 896 0.81% none 2012 America the Beautiful Quarters Silver Proof Sets 155,109...

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Gold and Silver Prices — Mapping Short Term Volatility

After years of paying attention to the price action and not the mainstream market commentary. — thanks in large part to Ted Butler and GATA — here are some of the dominate forces that currently seem to be determining price movements in the precious metals: Downside Probability Jobs data comes out every few weeks. This almost always puts downside pressure on the market, with about a 90% probability. Also, presidential press conferences tend to have a 70% downside probability.  The powers that suppress the precious metals prices cannot have metals surging while the president speaks. The Fed’s FOMC meetings and the following minutes have greater than a 90 percent downside probability, unless a surprise QE announcement is made. The surprise has been effectively quelled by taper signaling and the Summers versus Yellen issue. The beat of war drums is another factor. Interestingly, the closer that the country gets toward war or crisis, the more likely precious metals are to head counter-intuitively lower. Options expiration dates are also notable, as well as the times immediately before or after they occur. Rarely do precious metals options expire for the benefit of the buyers. Whenever the price of gold is strong, but the price of silver is weak the day before, this is another pending downside signal. The performance of the NYSE Arca Gold BUGS (Basket of Unhedged Gold Stocks) Index or HUI Index (an index of the stocks of companies engaged in gold mining) also seems to be influential. Gold shares may lead the way up or down. If PM shares are weak on an up day for the precious metals, the next day’s follow through is rare, and the subsequent price action is often downward. Daily Gold Price Movements The downside for assets like silver and gold may be unlimited, but true upside potential of these assets is rarely demonstrated. The upside is rarely more than 2%, and often reverses lower on the nose or just below that percentage gain. (The gain and intraday moves on Wednesday, September 18th, 2013  were of the largest ever). In sideways rather than trending markets, the upside it typically limited to only 1%. Also, intraday upside reversals seem extremely rare. Furthermore, the phenomenon of “overnight dumping” is almost always synonymous with New York selling pressure. This can occur in a bull market unless recent support levels were already cleared out in a technically oversold period. The Technicals are Secondary Resistance levels seem to be the most reliable technical factors, and everything else seems not to matter so much. The most closely watched medium term moving averages include the 20 day, 50 day, 100 day...

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Robert Kiyosaki – A Message To Young People

Robert Kiyosaki explains – Why Network Marketing is the Business of the 21st Century? Learn how to build a True Wealth Business with Swiss Gold...

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This Time Around the Fed IS The Bubble

Market tops always involve insanity. And today we have that in abundance. On Wednesday the Fed surprised the world by not announcing a QE taper. Stocks and all “risk” assets exploded higher. Today, a mere 48 hours later, Fed President Bullard says the Fed should taper soon. Stocks collapse. For the markets to react so significantly to such issues is a tell-tale sign that we are near a major top. The reliance on Fed stimulus has never been greater with even a hint of Fed policy actually having more impact that the policy itself. Rumors, whispers and threats dominate trading. This is the sign of market mania. The most important element is that this mania has been driven by the Fed, not some new technology (the Internet in the tech bubble), new asset growth (housing), but the Central Bank. In the past, the Fed has been the fuel for bubbles. This time around, the Fed IS the bubble itself, with its balance sheet expansion driving ALL assets higher. So when this bubble bursts, it will be truly catastrophic because no one can bail out the Fed. Interest rates are already at Zero. QE is already running non-stop. There will literally be nothing the Fed can do. I cannot say the top is in today, nor can I say it will be here in a week. But THE top is forming. And it will be absolutely awful when it’s done. We’ve now had three SERIAL bubbles in the markets in the last 13 years. Each bubble’s bursting has been worse than the last. The next one will be THE biggest one yet. Best Regards Graham Summers Gains Pains & Capital...

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Simon Black – After $1+ trillion, the Fed can’t even create jobs in the banking industry

September 20, 2013 Santiago, Chile One of those generally accepted truths that most people believe is that banks are safe. We seem to be told this for our entire lives… that banks, in their grandiose buildings and marble floors, are veritable rivers of money. We’re also told that bankers are conservative fiduciary stewards, unflappably restrained in managing other people’s money. And even in the infinitesimally unlikely event of an anomaly, the government is standing behind the banks to ensure that depositors don’t lose. With such a strong propaganda machine behind the banks, you can’t really blame people for not giving a second thought to where they park their cash. But this is actually a huge decision. A bank is like a silent financial partner. And when the going gets tough, choosing the wrong financial partner can be as destructive as a bad marriage. Just ask anyone in Cyprus. In the Land of the Free, the Godfather of the banking industry is the Federal Depository Insurance Corporation (FDIC), the primary entity that is charged with regulating and insuring the banking industry. Given such a prodigious task, particularly in these tumultuous times, you’d think the FDIC would have a vast treasure trove of reserve funds to guarantee the entirety of the US banking system. Again, though, this is another case of reality being far, far from the sentiment and propaganda. Based on the FDIC’s recently published numbers, their reserve fund holds a mere $ 37.9 billion. This sounds like a lot. Except when you compare it to the $ 5.25 trillion of ‘insurable deposits’ held in the US banking system. In other words, the FDIC’s reserve fund constitutes just 0.7% of the bank deposits they’re obliged to guarantee. This is hardly a resilient figure. Especially when the FDIC’s own report names 553 ‘problem’ banks which control nearly $ 200 billion in assets, about 5 times the size of their reserve fund. These decisions matter. It matters where we hold our savings. And how. We cannot simply assume away that our home country’s banking system is in good financial condition. Or that our funds are safe. It’s important to take a look at the hard numbers, and then make a rational, informed decision about the best place to hold your hard-earned savings. The world is a big place, and there are plenty of attractive alternatives. Norway, for example, presents some of the best capitalized banks in the world. They’re backed up by a government that has zero debt and is awash with cash. And the Norwegian krone is mathematically the safest currency in the West. There are many other great options to...

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Does gold come from outer space?

By William Kremer BBC World Service The idea that gold came from outer space sounds like science fiction, but it has become well-established – it’s pretty much received opinion in the field of earth sciences. How did this bizarre theory take hold, and is it here to stay? For the chieftains of pre-Columbian America, the dazzling yellow stuff they found glinting at the bottom of streams or buried in the rocky ground captured the power of the sun god. They dressed themselves in battle armour wrought from the enchanted metal, believing it would protect them. They were sadly deceived. Gold, an unusually soft metal, wasn’t any match for the steel of the Spanish. But the Native Americans may well have been right in believing the element was otherworldly. “Why do you find nuggets of gold on the surface of the Earth?” asks science writer John Emsley. “The answer to that, is that they’ve arrived here from space in the form of meteorites.” This theory has come in the last few decades to be held by the majority of scientists as a way of explaining gold’s abundance. There may only be 1.3 grams of gold per 1,000 tonnes of other material in the Earth’s crust (the rocky shell of the planet that is around 25 miles thick) but that’s still too much to fit with the standard models of our planet’s formation. After its birth four-and-a-half billion years ago, the surface of the Earth heaved with volcanoes and molten rock. Then, over tens of millions of years, most of the iron sank down through the outer layer, known as the mantle, to the Earth’s core. Gold would have mixed with the iron and sunk with it. Matthias Willbold, a geologist at Imperial College London, likens the process to droplets of vinegar collecting at the bottom of a dish of olive oil. “All the gold should be gone,” he says. It isn’t though. So science has had to come up with an explanation, and the answer currently favoured is – a meteoric shower. “The theory is that after the core formed there was a meteoric shower that struck the Earth,” says Willbold. “These meteorites contained a certain amount of gold and that replenished the Earth’s mantle and the continental crust with gold.” Willbold says the theory fits with the pattern of meteorite activity as scientists understand it, climaxing with a huge storm that took place more than 3.8 billion years ago, referred to as the “terminal bombardment”. The meteorites punched out the craters we see on the moon and came from an asteroid belt that still exists between Earth and Mars....

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Gold & Silver – The Greatest Wealth Transfer in History – Mike Maloney

This clip is from the recent Casey Research event “When Money Dies”. Mike Maloney clearly explains the following: * Wealth is never destroyed, it is merely transfered. * What could potentially happen if all currencies have a crisis, at the same time? * Why this could be the greatest wealth transfer in the history of mankind. * Mining stocks with speculative capital. * Fool’s Gold – ETFs, leverage accounts, and numismatic coins. * Why is this particular time in history unlike any other? All this and more on this interesting video! If you are ready to be on the winning side of the greatest wealth transfer in history – join our team to build your own gold and silver home based business and the opportunity to build extra cash flow income and purchase pure gold and silver products from Swiss Gold...

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How Fast is Your Money Moving?

For years, I choked when I heard such a question. I choked because I was at a loss for words. I was at a loss for words because such a simple question does not have a simple answer. So the answer I came up with was, "It depends." I tried this answer for awhile and soon noticed that this answer was unsatisfactory not only to the person asking the question – but also to me… Looking for a new answer, I came up with, "If you do not know what to do with your money, put it in a bank far away from you, with instructions not to let you touch it." I would add, "If you do not know what to do with your money, and you announce publicly that you are an idiot with money, many people will call and tell you what to do with your money…which is to give your money to them." This new answer was not a satisfactory answer, yet it was better than "It depends." Today, I am happy to announce that I have a new answer to the same question and that answer is, "Read my latest book, Who Took My Money?" After years of frustration and unsatisfactory short answers, the answer to that simple question is now in a book and I am very proud of this book. I am proud of this book because it takes the time to answer the question, "What should I do with $10,000?" The reason the answer to such a simple question is complex is because what a person should do with the money depends upon who the person is. For example, if the person has a limited financial IQ, then the person should definitely put it in a bank and keep the money secret and far away so no one; including that person, can touch it. If the person has a higher financial IQ, then he or she can invest, leverage, and speed up their money to achieve far higher returns than most people think possible. In my new book, Who Took My Money, there are three different examples of investing $20,000. Using exactly the same parameters of 5% interest, and a 7-year period: Choice #1: a mutual fund $28,142 5.8% Choice #2: real estate $101,420 58.2% Choice #3: real estate $273,198   180.9% The difference between real estate in choice #2 and choice #3 is that financial velocity is added to choice 3. If you would like further clarification on the causes of the differences, you can find this example on page 118 of the book. The point of this article is...

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