Thursday, June 30, 2011
Robert Kiyosaki Says The Worst To Come: Depression Or HyperInflation
Are you familiar with Robert Kiyosaki? He is best known for the "Rich Dad, Poor Dad" series of books. Over 26 million books authored by Kiyosaki have been sold and he is recognized as a financial expert by millions of people across the globe. Well, guess what? Even Robert Kiyosaki is warning that an economic collapse is coming. In fact, Kiyosaki and his team of financial experts are encouraging Americans to stock up on food, guns and precious metals. This is yet another sign of just how close we are to the total collapse of the U.S. Economy. Kiyosaki, who once co-authored a book with Donald Trump entitled "Why We Want You To Be Rich" is now a full-fledged prepper. As even more prominent Americans start warning that an "economic collapse" is coming do you think that the American people will finally wake up and start paying attention?
The following are 11 of the best Kiyosaki "sound bites" from the video below....
#1 "when the economy crashes as we predict"
#2 "the crowds come rushing in to buy gold and silver"
#3 "we could either go into a depression or we go to hyperinflation"
#4 "or we could also go to war"
#5 "buy a gun"
#6 "I'm preparing"
#7 "I'm prepared for the worst"
#8 "so come to my house and I'm armed and dangerous and I'll welcome you"
#9 "we have food, we have water, we have guns, gold and silver, and cash"
#10 "the credit card system shuts down, the world shuts down"
#11 "the supermarkets have less than 3 days supply"
Robert Kiyosaki talks about the potential for hyperinflation and explains the rise in gold and silver prices. The united states fiscal situation is quite dire and the printing of fiat worthless paper continues. Some economists are now predicting a more rapid decline in the dollar than before.
If you have not seen this video yet, it is definitely worth the 8 minutes that it takes to watch it. Robert Kiyosaki seems to be extremely alarmed about the future of the U.S. economy....
From the beginning conservatives and Republicans have been saying that the Obama admin. policies would bring this on and make things worse. Now the experts are saying it. And they are putting their money where their mouths are.
It is becoming more and more evident that the worse is yet to come. So what are you going to do about it? Are you going to prepare for the worse? Are you going to be able to take care of yourself and others? Or are you going to just sit around and wait for the government to save you? I pray these experts are wrong. But things just keep pointing to the fact that things aren't getting better even in the least. The time to be prepared is now. Because once it start it will happen in an instant and you will be left high and dry.
I'd like to know what your thoughts are on this. What have you done to prepare? I know what the liberals will do. They will steal from those that have or or beg to be saved by the government. That is what they do, it is their way. And you need to prepare for that as well.
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As far as I understand it, Austrians say that inflating the money supply only makes economic crises go away temporarily, but that a bigger crisis is soon to follow. Well, recently the money supply has been inflated by unprecedented amounts, wouldn't that imply that a big crash is about to come? How bad will it be? A minor market adjustment like the 2008 recession, or a complete devaluation of the Dollar and complete meltdown of the world economy?
ReplyDelete"They all look upon progressing material improvement as upon a self-acting process." - Ludwig von Mises
LMAO.
ReplyDeleteand Anon the housing bubble wasn't a correction it was a cliff.
Mind you Joe we are still falling off that cliff. I thought Obama and the Democrats were going to use our trillions $ to fix it. Joe we all said that housing wouldn't get fixed but get worse,we were right you were wrong. We said that inflation was coming, we were right you were wrong. We said gold prices would go up and they did. We said food prices and energy prices would go down, once again you were wrong. We said the world would fall apart with the Democrats weak "leadership", it is. We said that the EU liberalist governance would fail, it is. We said Muslim Brotherhood would take over in the Middle East and "democracy will fall", you were wrong again Joe. We still have unemployment over 9% and a true unemployment pushing 20%, you said it wouldn't go past 8% and start going down from there.
ReplyDeleteWe have watch Wall Street boom from QE1 and 2 while we are paying for inflation of our goods and NEEDS. What good is making a shitload of money in your 401k or pension if everything you need to buy is going up faster then the stock market? Duh, think about it, Duhuhuh.
But at least our houses that we own are becoming worth less every month without an end in sight. If you look at how everything Obama has done till now hurt America and the middle class and poor and had the exact opposite effect as what he said it would have you would start preparing for the worse. But instead you will not look at the obvious and not have too wonder where help is. Look at the signs Joe. They are everywhere. Most Americans know that we are heading in the wrong direction. And those that think we aren't want what Obama is doing. They want to see the government overwhelmed.
Are you still an anarchist Joe?
Being a Simple Man all I have to do to see how the Economy is doing is SHOP! Produce,Vetgtables and Gas seem to be taking MORE out of my Wallet!
ReplyDeleteFriends still trying to cope with their Houses being under water.
Friends still OUT of WORK!
It may be my simple mind but are you better off NOW then you were say November 2008?
If Government were a Private Sector Company it would be Bankrupt and alot of their CEOs(Politicans) would be in Jail!
Al,
ReplyDeleteYou know you and Chris are being a little dishonest about the inflationary pressures we are facing.
While they have gone up, they are not that big of deal right now. Remember last year when you ran those Sarah Palin comments about the price of Food and she had it wrong but you wouldn't admit it? Well thats like now.
The CPI everything has gone up 3 percent since 5-10. That doesn't qualify for hyper-inflation by any means. Look it up.
Joe It cost me more now to buy the products say from a year ago and I notice it in my monthly budget! Maybe you have more income than me but I was just stating a fact regarding MY wallet. The part you wrote" they are not a big deal"\ right now" well on that you are testing Honesty!
ReplyDeleteAl,
ReplyDeleteDid you know that Bush had three out of his last four years in the 3% average? That's costing you more to buy products but he's the good guy.
Joe I never said there was a good guy You did! All I know is Im not as well off now as I was say 2006 and thayt a fact. I do know what I could do and cant do now Joe,W. got nothing to do with it!
ReplyDelete