Robert Kiyosaki Blog

Financial Education Portal inspired by Robert Kiyosaki

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ALEX JONES & MAX KEISER on The Coming Bondpocalyps!

ALEX JONES & MAX KEISER on The Coming Bondpocalyps! [INFOWARS] Share and...

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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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Jim Willie- Nations Need to Depart from Dollar or Enter Third World

According to Dr. Jim Willie, the rest of the world is tired of the money printing by the Fed and wants to use a new currency to escape the coming global inflation of a dollar that can quickly lose its buying power. Dr. Willie says, “This is financial survival. Nations need to depart from the dollar, and the first ones that do will be the survivors, and laqst ones will enter the third world.” As far as Syria, Dr. Willie says it’s not about chemical weapons, but about pipelines and our adversaries gaining economic advantage. Dr. Willie claims, “The U.S. is obstructing capitalism and commerce. That is the problem.” Join Greg Hunter as he goes One-on-One with Jim Willie, Publisher of The Hat Trick Letter, which can be found on GoldenJackass.com. Share and...

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Precious Metals in a World that is Flat, Fungible and Fiat

Ultimately, the global markets remain the battlefield in which investors compete for the last remaining quality collateral. Furthermore, secondary to Fed taper talk’s effect on the United States, is its impact on markets abroad.   As a case in point, the impact of the recently announced Fed QE taper plans on the exchange rate of emerging market currencies has been rather dramatic to say the least. The threat of tapering has sent shock waves across emerging markets seeing sharp crashes in the value of Indonesian and Indian currencies. Even the Mexican Peso has been hit substantially as hot money investors’ interest returns to Dollar assets.  For now the focus is on U.S. Treasuries and currencies, but this is only foreshadowing the upcoming rush into physical commodities —- whose market value remains hostage to false speculation and manipulation — the poster children of which are the precious metals. Asian bond prices are also falling, and the last time they traded below par was after the Lehman bankruptcy. This all coincides with U.S. deficit funding, need reduction and repo collateral scarcity. The Emerging Markets Currency Debacle and Silver The failure of emerging market currencies like the Indian Rupee and the Indonesian Rupiah to gain support against the U.S. Dollar have been especially notable and this is having a marked effect on growth in those economies.   For its part, India is currently considering drastic measures aimed at supporting its currency the Rupee that has been under attack. The rupee fell 25 percent over the last few months as the flight to quality gathers steam after the Fed’s taper talk initially began. Furthermore, even the Mexican Peso and the Brazilian Real have seen strong selling pressure emerge in the past few months, with the Peso’s exchange rate against the U.S. Dollar falling from 11.94 in May to a low of 13.47 seen in recent trading sessions. This negative taper talk effect on emerging markets currencies seems to be another black swan event since it surprised the financial markets, had a substantial impact and has been rationalized in hindsight. Large funds and hot money investors have been scrambling to respond to the Fed’s taper talk as best they can. Official Indian Attempts Backfire The various official attempts by the Indian government to offset troubling Fed taper talk effects on its currency seem to be backfiring, adding fuel to the declines in other emerging market currencies like the Indonesian Rupiah as well. Indian Plan A seemed to follow the status quo by blaming currency outflows on the Fed and speculators. When that failed to halt outflows from the Rupee, the response to something clearly going on...

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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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Grand Theft Auto 5 sales top $1 billion in three days

Only two days ago we reported that sales for Grand Theft Auto V hit the $800 million USD mark across launch territories after just 24 hours. Has its momentum slowed? Not a bit, as GTAV sales have smashed all expectations and soared straight to $1 billion USD in its first three days on the market. Take-Two themselves back in July predicted GTAV to outsell its predecessor three times over, and analysts certainly weren’t about to downplay success on the title’s part. Firms like Robert W. Baird & Co. earlier this week expected GTAV to reach the $1 billion USD mark within its first month, with unit sales hitting “roughly 12 million” by the end of September. Take-Two certainly doesn’t have to worry about making the $1 billion part at this point, plus the publisher gets to bask in setting yet another record for the games industry. Activision’s Call of Duty: Black Ops 2 similarly succeeding in hitting $1B in sales during its first month, but it took the multiplatform title 15 days to do so. Grand Theft Auto 5 sales top $1 billion in three days Share 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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