Robert Kiyosaki Blog

Financial Education Portal inspired by Robert Kiyosaki


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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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 Global. Share and...

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Robert Kiyosaki – How the Successful Invest

Avoiding losing money by asking the right questions

In late 1974, while most of my friends were going to school or trying to find a good job, I was getting a different kind of education—a financial education.

I purchased a small condominium on the fringes of Waikiki. It was one of my first investment properties. It was a nice two-bedroom, one-bath unit in an average building. The price was $56,000. It was a perfect rental unit, and I knew I could fill it quickly.

I was excited about the investment and went to show the deal to my rich dad. He looked over the document, and in less than a minute, he looked up and asked, “How much money are you losing each month?”

“About $100,” I said.

“Don’t be foolish,” rich dad said. “I haven’t gone over the numbers in detail, but I can tell just from these documents that you’re losing more than that. Why would you invest in something that knowingly loses money each month?”

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▶ Max Keiser on Bitcoin Currency

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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How does the Global Financial Crisis End – Michael Maloney explains

How does the Global Financial Crisis End Michael Maloney explains. Share and...

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The Subconscious: Friend or Foe?

The subject of the subconscious is certainly a vast one. The most obvious point is that it operates below your conscious awareness. That point itself is obvious, but the ramifications can be subtle and often go unnoticed. Consider the following ideas as possibly valid. Based on your experience and knowledge, draw your own conclusions. Know and honor what is true for you. The subconscious performs many helpful tasks so you don’t have to make a conscious effort to think in order to accomplish them. Have you ever been driving down the road and suddenly realized you’d gone two miles without paying attention to the road, your driving or to anything on the planet at all? Your subconscious, in control of your actions at the time, got you safely down the road. Consider the possibility that the subconscious also has a built-in video camera and the ability to tape your life. Like a security camera at a bank or convenience store, it’s taping 24/7. When you are remembering something, you are in essence watching your own personal video. When there is any hint of trouble or danger, the subconscious sets off alarms, much faster than you can think. This is sometimes known as a "knee-jerk reaction." There are times when you need this "industrial strength" security system. You step off the curb not looking, while a Mac truck is barreling down the road in your direction. The subconscious will "see" it, even if you don’t consciously see it, and the alarms go off. Just in time you look up and jump out of the way. This security system can literally save your life. The purpose of this mechanism is to help us, and it does help us, but it can also interfere and sometimes can be more of a hindrance than a help. It can be friend or foe. The problem with the subconscious is that it has the ability to step in and take over your conscious thinking processes, emotions and behavior, without your awareness or your permission, when you don’t need it. Let’s say that you once had a very troubled relationship with a person who wore a particular brand of cologne. Your subconscious will dutifully make a note of that and will also conclude, quite "logically," by its calculations, that "all people who use that cologne cause trouble." Ridiculous, you say! Yes, it’s ridiculous and it’s illogical – but that seems to be how the subconscious works. The context from which it operates is mechanical, and as such, it can’t discriminate between "one" and "all." The subconscious uses the past as proof that the present or the...

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7 Reasons QE isn’t Ending

I keep saying that “tapering” isn’t “unprinting”.  That is, if you’re inclined to believe that QE = “money printing” then “tapering” = “less money printing”.  It’s still “money printing”.  It’s just less “money printing”.  So, if your bullish thesis (or conspiracy theory) revolves around QE continuing then here are 7 reasons to convince yourself that QE isn’t ending any time soon

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Ron Paul on Gold, The Dollar, The Manipulation, The Fed and Taper

it is no secret that former texas congressman and presidential candidate ron paul has had some issues with the federal reserve. not surprisingly, paul has his own choice for his next chair of the fed. it isn’t janet yellen. his pick is — well, we’ll let him tell you. former congressman ron paul joins us. good to you have back. thank you. nice to be with you. all these names out there, kohn, ferguson, geithner, summers, who would you take? none of the above because i don’t think it makes any difference. they all endorse the principle of manipulating interest rate and believing that they can decide how much money supply there should be and when to raise rates and when to lower it. you can’t expect anything new or different than that. one individual might manage things slightly differently but overall it will be the same thing. it’s still the monetary system we have to deal with, not the particular manager that’s going to be involved. right. obviously you wrote end the fed a few years ago, the answer not too terribly surprising coming from you. but working in political contexts like we have, congressman, who do you think is the most likely nominee right now? well, it looks like it’s yellen. i mean, but it’s still early. they do a lot of manipulating, pushing back and forth. last week it looked like it was summers and all of a sudden it shifts. who know what is will happen the next month or two. right now i think the consensus is she would be nominated. your son said his pick would be hayek or friedman, which is going to be a tough get. well, neither one of them like the fed. freeman wanted to turn it over to a computer, which that’s not exactly my position. but it would probably be better than a few individuals and one in particular behind the scenes in secret pretending they no what interest rates should be. that’s to me the most amazing thing that people accept this. the most important bit of piece of information for investors and for savers is interest rates and yet we give up on that and decide it should be cold by one person. it’s positively amazing that the economy toerates it. the unemployment rate has come down. that’s one reason we’ve seen the holdings of gold take a bit hit, holdings your portfolio has. has your portfolio take a hit? if you say it took a hit, well, at $35 an ounce and it doesn’t seem so bad, especially if you do it for insurance...

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The Importance of Capital

In this speech, investor, businessman and author of the personal finance book series ‘Rich Dad Poor Dad’ Robert Kiyosaki discusses the number one skill an entrepreneur can have in today’s economy. He sees being able to raise steady cash flow as the most valuable and beneficial skill in business today. Discussing the success of his own business, namely his book series and brand ‘Rich Dad Poor Dad,’ Robert Kiyosaki explains how to design a business that is capable of raising its money automatically, without any input from the entrepreneur behind a company or business. According to Robert Kiyosaki, sophisticated investors will only invest in well-designed businesses. Well-designed businesses will run on a model that boasts numerous sources of incomes and assets. It is necessary that a business have sources of income outside the entrepreneur who created the company in order to be successful and profitable. Share and...

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