Robert Kiyosaki Blog

Financial Education Portal inspired by Robert Kiyosaki

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Jim Rickards Interview: No Tapering, What it Means for Gold (9.23.2013)

In this interview Jim covers the implications of the recent Fed announcement, as well as what it means for gold moving forward. Jim Rickards is an investment banker and investment adviser based in New York, and the author of the best-selling book, Currency Wars: The Making of the Next Global Crisis. Mr. Rickards has held senior positions at Citibank, Long-Term Capital Management and Caxton Associates. In 1998, he was the principal negotiator of the rescue of LTCM sponsored by the Federal Reserve. His clients include institutional investors and government directorates. He is an adviser on capital markets to the Director of National Intelligence and the Office of the Secretary of Defense. Share and...

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Gold Backed Money: The Choice of a Free Society

Is there a connection between human freedom and a gold-redeemable money? At first glance, it would seem that money belongs to the world of economics and human freedom to the political sphere. But when you recall that one of the first moves by Lenin, Mussolini and Hitler was to outlaw individual ownership of gold, you begin to sense that there may be some connection between money, redeemable in gold, and the rare prize known as human liberty. I hold here what is called a $ 20 gold piece… But today the ownership of such gold pieces as money… is outlawed. Also, when you find that Lenin declared and demonstrated that a sure way to overturn the existing social order and bring about communism was by printing-press paper money, then again you are impressed with the possibility of a relationship between a gold-backed money and human freedom. In that case, then certainly you and I as Americans should know the connection. We must find it even if money is a difficult and tricky subject. I suppose that if most people were asked for their views on money, the almost universal answer would be that they didn’t have enough of it. In a free country, the monetary unit rests upon a fixed foundation of gold or gold and silver independent of the ruling politicians. Our dollar was that kind of money before 1933. Under that system, paper currency is redeemable for a certain weight of gold, at the free option and choice of the holder of paper money. That redemption right gives money a large degree of stability. The owner of such gold-redeemable currency has economic independence. He can move around either within or without his country, because his money holdings have accepted value anywhere. For example, I hold here what is called a $ 20 gold piece. Before 1933, if you possessed paper money, you could exchange it at your option for gold coin. This gold coin had a recognizable and definite value all over the world. It does so today. In most countries of the world this gold piece, if you have enough of them, will give you much independence. But today, the ownership of such gold pieces as money in this country, Russia and all divers other places is outlawed. The subject of a Hitler or a Stalin is a serf by the mere fact that his money can be called in and depreciated at the whim of his rulers. That actually happened in Russia a few months ago, when the Russian people, holding cash, had to turn it in — 10 old rubles and receive back one...

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Keiser Report: Crimes & Cracks of Capitalism (E500)

In this 500th episode of the Keiser Report, Max Keiser and Stacy Herbert, discuss what the economy and financial sector look like five hundred episodes later. They find an economy where the wealth and income gap is the highest ever, median income has collapsed and the mainstream media alleges the government is ‘assaulting’ JP Morgan with all the fines for the bank’s many criminal activities. In the second half, Max interviews Professor Steve Keen about banking and leverage five years after the collapse of Lehman Brothers. Share and...

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Keiser Report: CIA, NSA & Economic Espionage (E498)

Max Keiser and Stacy Herbert discuss economic espionage and, perhaps, sabotage by the NSA against the corporations and innovators of competitor nations. In the second half, Max interviews author, journalist and filmmaker, Greg Palast of GregPalast.com, about the Larry Summers’ secret ‘End Game’ memo and the decriminalization of what were once financial crimes. Share and...

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Robert Kiyosaki – How the Financial Crisis Was Built Into the System

How did we get into the current financial mess? Great question. Here’s what Robert Kiyosaki had to say: Turmoil in the Making In 1910, seven men held a secret meeting on Jekyll Island off the coast of Georgia. It’s estimated that those seven men represented one-sixth of the world’s wealth. Six were Americans representing J.P. Morgan, John D. Rockefeller, and the U.S. government. One was a European representing the Rothschilds and Warburgs. In 1913, the U.S. Federal Reserve Bank was created as a direct result of that secret meeting. Interestingly, the U.S. Federal Reserve Bank isn’t federal, there are no reserves, and it’s not a bank. Those seven men, some American and some European, created this new entity, commonly referred to as the Fed, to take control of the banking system and the money supply of the United States. In 1944, a meeting in Bretton Woods, N.H., led to the creation of the International Monetary Fund and the World Bank. While the stated purposes for the two new organizations initially sounded admirable, the IMF and the World Bank were created to do to the world what the Federal Reserve Bank does to the United States. In 1971, President Richard Nixon signed an executive order declaring that the United States no longer had to redeem its paper dollars for gold. With that, the first phase of the takeover of the world banking system and money supply was complete. In 2008, the world is in economic turmoil. The rich are getting richer, but most people are becoming poorer. Much of this turmoil is directly related to those meetings that took place decades ago. In other words, much of this turmoil is by design. Power and Domination Some people say these events are part of a grand conspiracy, and that might well be. Some people say they represent the struggle between capitalists, communists and socialists, and that might be, too. I personally don’t participate in the debate over a possible global conspiracy; it’s a waste of time. To me, the wider struggle is for power and domination. And while this struggle has done a lot of good — and a lot of bad — I just want to know how to avoid becoming its victim. I see no reason to be a mouse trying to stop a herd of elephants from fighting. Currently, many people are suffering due to high oil price, the slowdown in the economy, loss of jobs, declines in home values, increased bankruptcies and businesses closings, savings being wiped out, the plummeting stock market, and rising inflation. These realities are all direct results of this financial power struggle, and...

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Robert Kiyosaki on Network Marketing-It’s an Asset, Not a Job

I am sometimes asked, “Why do so few people make it to the top of their network marketing system?” The truth is, the top of the network marketing system is open to everyone-unlike traditional corporate systems, which allow only one person to reach the top of the company. The reason most people do not reach the top is simply because they quit too soon. So why would someone quit short of the top? Most people join only to make money. If they don’t make money in the first few months or years, they become discouraged and quit (and then often bad-mouth the industry!). Others quit and go looking for a company with a better compensation plan. But joining to make a few quick dollars is not the reason to get into the business. The Two Essential Reasons to Join a Network Marketing Business Reason number one is to help yourself. Reason number two is to help others. If you join for only one of these two reasons, then the system will not work for you. Reason number one, means that you come to the business primarily to change quadrants-to change from the E (Employee) or the S (Self-employed) quadrant to the B (Business owner) or I (Investor) quadrant. This change is normally very difficult for most people-because of money. The true E or S quadrant person will not work unless it is for money. This is also what causes people to not reach the top of the network marketing system: they want money more than they want to change quadrants. A B quadrant or I quadrant person will also work for money, but in a different way. The B quadrant person works to build or create an asset-in this case, a business system. The I quadrant person invests in the asset or the system. The beauty of most network marketing systems is that you do not really make much money unless you help others leave the E and S quadrants and succeed in the B and I quadrants. If you focus on helping others make this shift, then you will be successful in the business. As a B or an I, sometimes you don’t get paid for years; this, a true E quadrant or S quadrant person will not do. It’s not part of their core values. Risk and delayed gratification disturb them emotionally. Delayed Gratification and Emotional Intelligence One of the beauties of network marketing is that it focuses on developing your emotional intelligence as well as your business skills. Emotional intelligence is an entirely different matter from academic intelligence. In general, someone with high emotional intelligence will...

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Crash Course by Chris Martenson – 38 minute condensed version

Join Dr. Chris Martenson as he explains the three E’s of the economy, energy, and the environment and how they are interrelated in this condensed version of his three hour Crash Course. As Chris often reminds us in the Crash Course, “The next twenty years are going to be completely unlike the last twenty years.” Share and...

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David Morgan Silver Price Predicition

Gold was always considered as solid and save instrument. Many Countries currency was based on Gold reserves. People loved to make investment in Gold. But now this Gold is in crisis. These Gold crisis are linked with economic, financial, debt and currency crisis. Anyhow, too much dependence on one instrument always brings down fall. This video is showing What the Gold and Debt Crisis are? Share and...

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Fed QE Tapering: Quanticlimax for Gold & Silver Bears?

Gold and silver rose on QE. So tapering must drive precious metal prices lower again, right…? Ben Bernanke, head of the US central bank, will announce the beginning of the end for quantitative easing at this month’s policy meeting in Washington. Everyone thinks so. Gold and silver prices seem to agree, drifting to new multi-week lows Wednesday morning in a reversal of their pattern when QE was ramped up from 2009 to 2012. And Bernanke pretty much said in June that QE’s end would start this month. Policy-makers have been talking about it since April. Those two months loom large for anyone trading gold or silver. But looking at this week’s 4% drop so far, traders have to ask: Is it a case of sell the rumour, buy the news? It was always the reverse when QE was growing. Acting in what we christened “quanticipation”, gold and silver prices tended to rise ahead of the US Fed’s various QE launches (you remember – QE1, QE2, and so on). They then fell back once the announcement was made, only to resume their longer-term rise. So the outlook today? The aim of QE is to juice assets which might help boost the economy, or at least make it look that way. So since March 2009, the very depths of the post-Lehmans’ banking collapse, the Fed’s QE program has created and spent some $ 2.735 trillion by our maths. That’s greater than the sum total of all US cash and household savings in existence only 25 years ago. It’s equal to one Dollar in every four held by US savers today. This flood of money, you’ll recall, has been used primarily to buy US Treasury bonds. The stated plan was to push up the price of “risk free” government debt investments, pushing down the interest rate they offer. That way, investors would be forced to make riskier bets if they wanted any hope of a decent return. Borrowers could then raise loans at cheaper rates, greasing the wheels of the economy. Did it work? US consumer debt is lower today by 12% from the peak of end-2008, just before QE began. That fall has been driven entirely by a drop in mortgage debt, despite a good chunk of the Fed’s electronic cash also going to buy mortgage-backed bonds as well as Treasury debt. Wall Street’s own debt has meantime shrunk by one fifth, while corporate borrowing by non-financial firms has risen, but not by much when you account for inflation. What has soared, of course, is the stock market, with the S&P rising to all-time record highs as QE has been piled...

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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 Global Share and...

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