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The Conspiracy Of The Rich: Why the Dollar is Toast

Dustin Reid
Oct 15, 2009 at 7:22 AM

Initially I was going to write about a recent article published by Robert Kiyosaki, where he gives evidence of the global shift away from the U.S. Dollar's standing as the reserve currency of the world. However after a quick search of Kiyosaki's name in the YAL database came up with nothing, I realized I needed to let you all in on a potentially unknown ally for sound money. 

richdad

Best selling author Robert Kiyosaki, better known as the author of Rich Dad Poor Dad, recently released a new book entitled Conspiracy of the Rich: The 8 New Rules of Money. The fact that he wrote a new book is not significant in itself if you follow the Rich Dad Company, as they have book after book on how to increase your financial IQ, so on and so forth. This one, however, gets political and to the heart of our financial system; including the Federal Reserve.

Leaving for my freshman year in college, my parents bought for me (as a sign that I was all grown up and about to handle my own finances) the book Rich Dad Poor Dad. I remember it had a horrible purple cover, disgusting graphic design, and the back cover summary just sounded arrogant. Naturally, the cynical, artistic college student that I was didn’t want any part of the book at the time. However, during the summer going into my senior year I had already started my own LLC, interned for a U.S. Congressman, and begun to follow politics fairly heavily.   I decided I needed to start preparing myself for life -- for financial independence. I can’t say that alone had me turn to Rich Dad Poor Dad, but I happened to be looking around for information on real estate since my favorite politician [Ron Paul] began talking about how the fundamentals of our economy were not sound and that the housing sector was artificially inflated.

After searching through a Suze Orman (ugh) book, among others my parents had given me, I finally made my way to Rich Dad Poor Dad and came across the chapter, "Why The Rich Don’t Work For Money, the Rich Print Money," or something to that effect. This interested me in particular because I was familiar with another known counterfeiter, the Federal Reserve. I wondered what this mainstream financial guy meant by his chapter title. There’s no way he’d be discussing the reality of how money is made in a book that’s sold millions of copies, right?

I read the rest of the book over the next two days and enjoyed it in a way I would have never guessed. In the original book Kiyosaki didn’t make an obvious attempt to suggest he stood for the same types of freedoms we at Young Americans For Liberty fight for, but he said enough in that book for me to trust whatever financial advice he cared to give me.

Well today, Kiyosaki is not holding back. He's removed all mystery for his readership on how money is created by giving a detailed explanation of the crises with it's root perpetrator being the Federal Reserve; he even points out how Ron Paul was the only candidate in last years presidential race who noted this fact. Although he continues to argue that it’s of little use for him to fight this system we have, he does declare he believes there is enough evidence to suggest there could be some type of conspiracy in keeping the poor and middle class uneducated when it comes to money. Since he does have a fairly large following, maybe this is the book that will open the mainstream public’s eyes to the farce that we live in. 

I highly recommend that after you check out his new book Conspiracy of the Rich you log on to his website and sign up for his newsletter here.

You don't want to miss the letters from him titled "Why the Dollar is Toast" :

I know Iran’s President is not the most popular man in the world, or in his country. I know he is scrambling to retain power in Iran. And I know he is switching from the dollar to the euro in order to throw mud in our face. Nonetheless, this change is right in line with what is predicted in Conspiracy of the Rich. The dollar is losing its power as the reserve currency of the world. In other words, the American empire of debt is coming to an end.

...or: "Is Your Money Really Safe in the Bank?" Kiyosaki takes on the aforementioned Suze Orman and her faith in the FDIC to protect our money.  He asks about the VALUE of the money...

Suze claims that no one has lost money deposited in a bank that was insured by the FDIC. That may be true, but how do you define losing money? The true picture is that the Fed is printing trillions of dollars. This means you may not be losing your dollars, but your dollars are being diluted with trillions in counterfeit money. Parking your dollars in an insured bank causes them to lose purchasing power as commodities such as gold and oil are going up in price.

thanks for sharing, dr.

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in fact we are losing our money! our money is devalued all the time, and we can do nothing.  eyeglasses

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I can’t say that alone had me turn to Rich Dad Poor Dad, JK0-016 exam but I happened to be looking around for information on 350-001 exam real estate since my favorite politician [Ron Paul] began 70-680 exam talking about how the fundamentals of our economy were not sound and that the housing sector was artificially inflated.

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