Robert Kiyosaki Blog

Financial Education Portal inspired by Robert Kiyosaki

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Simon Black – This is a CRITICAL part of having a Plan B
Jun07

Simon Black – This is a CRITICAL part of having a Plan B

June 6, 2014 Hamilton, Bermuda Like most people, I love the beach. And Bermuda has plenty of really great beaches. It’s lovely here– advanced, civilized, and friendly. But let’s be honest, there are a lot of places in the world with great beaches. What really sets Bermuda apart– what makes it unique– is its favorable banking system. In Europe and the United States, they seem to be going out of their way...

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Simon Black – Cyprus STILL has “an emergency situation”. And capital controls
Apr22

Simon Black – Cyprus STILL has “an emergency situation”. And capital controls

April 9, 2014 Santiago, Chile Imagine that your country and banking system are so broke that you have to receive approval from a special committee just to send your own money to your kids who are away at university… Crazy, right? But that’s exactly what’s going on in Cyprus. And it all happened overnight. Just over a year ago, people across Cyprus went to bed thinking everything was just fine. They woke up the next...

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Simon Black – I’m amazed more people aren’t doing this. But soon, they will be.
Apr22

Simon Black – I’m amazed more people aren’t doing this. But soon, they will be.

April 11, 2014 En Route to Buenos Aires Every now and again, the universe presents us with opportunities that are so obvious we have to wonder why everyone else isn’t doing it too. This is how I felt yesterday while attending an invitation-only “Demo Day” for startup companies based in Chile. As we’ve discussed before, Chile is a top-20 Startup ecosystem worldwide. Entrepreneurs from all over the planet come to...

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Simon Black – The one investment you want to avoid at all costs
Feb20

Simon Black – The one investment you want to avoid at all costs

February 20, 2014 Sovereign Valley Farm, Chile 4.1%. I read it twice to make sure my brain had processed the number correctly. Yep, 4.1%. This was the annual yield promised on a new 5-year bond investment that a private banker colleague had sent to me. I couldn’t believe it. The bond issuance was by a state-owned company in India. And despite the Indian government having a -very- recent history of capital controls, price fixing,...

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Simon Black – The easiest place in the world to establish second residency
Jan01

Simon Black – The easiest place in the world to establish second residency

Recently, we’ve discussed several different economic citizenship programs around the world. And while these programs are not for everyone due to their higher costs, they have all surfaced at the same time, and I would be derelict in my duties to not to inform you about these options. Bottom line—it’s all good news. The supply of potential second citizenships is increasing. And I’m certain it’s going to continue to in crease, even...

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Simon Black – This pretty much tells you everything you need to know about money and banking
Dec31

Simon Black – This pretty much tells you everything you need to know about money and banking

December 31, 2013 Sovereign Valley Farm, Chile The other night I played my first game of Monopoly in probably 20 years. One of my friends gave me the infamous board game for Christmas, and as I’ve had a lot of guests down here over the last few days, we all thought we’d give it a go. Guess who won? Nope. Not me. And not any of my friends either. The bank won. The bank actually wins every game of Monopoly. Think about it. All of the...

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Simon Black – The amazing disappearance of GOLD from the American psyche
Nov23

Simon Black – The amazing disappearance of GOLD from the American psyche

November 22, 2013 Dallas, Texas In George Orwell’s seminal work 1984, there’s a really great scene early in the book between Winston (the main character) and Syme, a low-level functionary at the Ministry of Truth. Syme is working on the 11th Edition of the Newspeak Dictionary, and he explains to Winston how the Ministry of Truth is actually removing words from the English vocabulary. In Newspeak, words like -freedom- have...

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Simon Black – This one chart shows you who’s really in control
Nov08

Simon Black – This one chart shows you who’s really in control

November 7, 2013 Bangkok, Thailand Check out this chart below. It’s a graph of total US tax revenue as a percentage of the money supply, since 1900. For example, in 1928, at the peak of the Roaring 20s, US money supply (M2) was $ 46.4 billion. That same year, the US government took in $ 3.9 billion in tax revenue. So in 1928, tax revenue was 8.4% of the money supply. In contrast, at the height of World War II in 1944, US tax...

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Simon Black – Is this the best safe haven for you and your family?
Oct22

Simon Black – Is this the best safe haven for you and your family?

[Editor’s note: Darren Kaiser, author of Sovereign Man’s Chile Property Investment Black Paper, is filling in for Simon today from Santiago, Chile.] Chile has been a pretty nice place to be over the last few years, not just to live but also as an investment destination. Anyone involved in startup businesses or real estate just about anywhere in the country over the last 3, 5, 10, even 20 years, has done quite well. But as the country...

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Simon Black – Gold, and the four words that define western economic policy
Oct10

Simon Black – Gold, and the four words that define western economic policy

[Editor’s note: Tim Price, frequent Sovereign Man contributor and Director of Investment at PFP Wealth Management in the UK is filling in for Simon today.] Despite nearly $ 17 trillion reasons, there are investors stupid enough to believe that debt issued by the world’s largest debtor country (i.e. US Treasuries) should be treated as a risk-free asset. This is even more astounding given that the possibility of formal default is only a...

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