The Game Of The Rich Revealed. Robert Kiyosaki

[profiler]

From Kiosaki's new Book: FAKE: Fake Money, Fake Teachers, Fake Assets: How Lies Are Making the Poor and Middle-Class Poorer

• Introduction: The Future is Fake
• How My Generation Broke America
• The elites got greedy taking care of themselves, at the expense of others.
• The elites focused on making themselves rich, rather than creating new businesses, new products, more jobs, and rebuilding the U.S. economy.
• They created exotic, and risky, financial instruments, including derivatives and credit default swaps, that produced sugar highs of immediate profits but separated those taking the risks from those who would bear the consequences.
• The elites created fake assets that made themselves and their friends rich and ripped off everyone else. When the elites failed, they were paid bonuses. Mom, Pop, and their kids would pay for the elite’s failures via higher taxed and inflation.
• What This Book is About
• This book is about three specific fakes:
• 1. Fake Money: Fake money has the power to make the rich richer while at the same time make the poor and middle class poorer.

• 2. Fake Teachers: What did school teach you about money? For most people, the answer is “nothing.” Most teachers are great people. But, our educational system is broken, obsolete, and fails to prepare students for the real world.

• Student loan debt is over $1.2 trillion and is the number one asset of U.S. government. In the criminal world, this is called extortion.
• Definitions of extortion:
• The act of extorting (using force) to take money or property, esp the offense committed by an official engaging in such practice;
• A gross overcharge.
• Fake Assets: First we need to define and understand the difference between an asset and a liability.
• FINANCIAL EDUCATION LESSON
• Assets put money in your pocket. Liabilities take money out of your pocket.
• My poor dad always said, “Our house is our biggest asset.”
• My rich dad said, “Your house is not an asset – it’s a liability.”
• Millions of people believe their house is an asset.

• Weapons of Mass Financial Destruction
• Warren Buffett calls derivatives “financial weapons of mass destruction.”
• In 2008, almost $700 trillion in derivates exploded, nearly bringing down the world economy. Many people blamed the “subprime real estate” buyer for the real estate crash. The reality was the elites were manufacturing fake assets called derivatives. That was the real problem.
• How to See the Future
• Fuller taught his students, “If you want to see the future, you must start with the biggest picture possible.”
• “The rich have more cash flowing in, and the poor and middle class have more money flowing out.”
• The financial booms and busts the world has been experiencing have been caused by trillions of dollars in fake money being pumped into the system by the elites. Did the elites fix the problem? Of course not. Why fix the problem when the problem makes them rich? Why change? Why do anything differently? Life is good – for the elites.
• In 2008, there were almost $700 trillion in derivatives.
• In 2018, the high-end estimate on derivatives was $1.2 quadrillion.
• PART ONE: FAKE MONEY
• In 1971, President Richard Nixon took the U.S. dollar off the gold standard. In 1971, the U.S. dollar became “fiat money”…government money. Rich dad called government money…”fake money.” He also said: “Fake money makes the rich richer. Unfortunately… Fake money also makes the poor and middle class poorer.”
• That is why Lesson #1 in Rich Dad Poor Dad is: “The rich do not work for fake money.”
• Lie #1: Saving money will make you rich.
• Real financial education: Seeing with your mind what your eyes cannot see.
• Chapter One: Fake Money: The world is about to change…
• Financial Literacy Lesson: Trade Deficit: A trade deficit means America was importing more than in was exporting.
• My rich dad’s philosophy was that mistakes were how people learn. He often said, “You can’t become a champion golfer reading a book. You’ve got to make a lot of mistakes before becoming a real golfer. The same is true for being a real rich person.”
• Fake vs. Real
• This book is about fake money, fake teachers, and fake assets. This book is also about real money, real teachers, and real assets.
• Fake Money
• When President Nixon took the U.S. dollar off the gold standard, the U.S. dollar became fake money.
• Fake Teachers
• In school many teachers were fake teachers. Simply said, they did not practice what they taught.
• Fake Assets
• For most people, their “assets” are taking money from their pockets.
• Today there are three types of modern money. They are:
• God’s money: Gold and silver
• Government’s money: Dollars, Euros, pesos, etc.
• People’s money: Bitcoin, Ethereum, ZipCoin, etc.
• Chapter Two: In God we Trust: Who has earned your trust?
• I find it interesting that on all fake paper U.S. dollars we see the words: In God We Trust
• Why are we asked to trust in God? What happened to God’s money, gold, and silver? Gold is atomic number 79. Silver is atomic number 47. Gold and silver were here during the formation of planet Earth. Gold and silver will be here when the last cockroach is finally extinct.
• Gresham’s Law states: When bad [fake] money enters the system, good [real] money goes into hiding.
• Look at this chart

• Now look at the chart of what happens to fake money, when our leaders print more fake money.

• Is history repeating itself?
• This picture of German children in 1923 playing with money is the streets – billions in fake money. Under the Weimar Republic after WW1 inflation was such that a U.S. $1 was worth 4.2 million DM.

• The chart below shows where the kid’s money came from.

• The FRED chart above shows the United States printing trillions in fake money after the crash of 2008.
• Do you notice a similarity with the 1920s German printing of fake money, the Reischmark?
• The bad news is, never in human history has fake money survived. Odds are that all of today’s paper money will return to its true value: zero.
• When it comes to your money, do you still “trust in God”?
• Get the Student Back to His Studies
• Buckminster “Bucky” Fuller wrote about “Freeing the scholar to return to his studies” – in other words: getting students out of school and letting them get back to their studies.
• Fuller was saying that the invisible people who control the world economy search our schools to find the best and the brightest so they can train them to run the world economy the way they way the world economy to be run.
• Chapter Three: Seven practical reasons I own real gold and silver: A case for God’s money
• Reason #1: Real gold and silver are not investments.
• Gold and silver are my insurance, my protection from our leaders and myself.
• Reason #2: No risk.
• Always remember, the price of gold or silver will go up or down because the value of our fake money is going up or down.
• Just as Warren Buffett holds stocks forever, I will own gold and silver forever.
• Use banks to store short-term cash, my operating capital. But I will not hold my long-term wealth in banks. Banks are too risky.

• This is what happened in 2008:
• Subprime borrowers, people like your friend, borrowed money to buy a house they could not afford.
• Banks were happy to issue the subprime loan to your subprime friend.
• The bank then sold the mortgage to an investment bank.
• The investment bank then packaged thousands of these subprime loans, labeling them mortgage-backed securities, or MBS, a financial derivative.
• Investment banks sold these MBS to governments, investment funds, pension plans, and other gullible people.
• To give all parties a sense of security, these elites bought insurance policies, known as credit default swaps, CDS.
• Everyone was getting rich…because everyone was collecting “fees.”
• The elites created an economy built on deals that moved assets around instead of building new ones. They created exotic, and risky, financial instruments, including derivatives and credit default swaps, that produced sugar highs of immediate profits buy separated those taking the risk from those who would bear the consequences.
• The entire global monetary system is built on counter-party risk.
• Two minds are better than one – except in school, where two minds working together is called cheating.
• Reasons #3: Gold and silver attract real wealth. Wealth attracts wealth just as poverty attracts poverty.
• Reason #4: Why real gold and silver? Why not paper gold and silver exchange traded funds (ETFs)?
• I do not trust anything paper. Anything paper is a derivative, a fake, something that requires a counter-party for value.
• Financial Education
• Much of the global banking system runs on what is known as fractional reserve banking.
• The world’s banking system is built on fractional reserve banking, a system that has been running the world for thousands of years.
• Reason #5: The system is broke and broken. The gap is growing. We are on the verge of class warfare.
• A picture is worth a thousand words.

• Chapter Four: Printing fake money: History repeats itself
• Printing fake money is not new. The ancient and modern banking systems are built on printing fake money. Printing fake money is the way banks make money. The reason banks make so much money is because, for thousands of years, the banking system has had a license to print money.
• People who work for money…work for people who print money.
• Americans are reaching retirement age in worse financial shape than the prior generation.
• History has proven that printing fake money never ends in prosperity. History is evidence that printing fake money always ends in poverty for those who work for fake money.
• Historically – from the Chinese, the Romans, the German Weimar Republic, and Venezuela today – printing fake money has never produced a sustainable prosperity. Historically, printing fake money has always ended in either depression, revolution, war, or all of the above.

Robert Kiyosaki: Fake: Fake Money, Fake Teachers, Fake Assets Book Summary

★★★ Sign up to the Weekly Book Summary Newsletter by CLICKING HERE DOWNLOAD THE PDF SUMMARY HERE: Fake by Robert Kiyosaki Introduction: The Future is Fake How My Generation Broke America The elites got greedy taking care of themselves, at the expense of others. The elites focused on making...

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[Aamir Shehzad]

Rober kiyosaki himself is a fraud

 

[Oldwish]

Rober kiyosaki himself is a fraud

This is typical of dajjal.
This guy spoke the truth all the way and lied at the end.
This guy is someone who's never been poor in his life, Now he's getting even more money by leeching of poor people who think they can be a millionaire so they even get poorer by buying his book or attend to his seminars.

 

[Steyn]

Has anybody gotten richer by reading these self help books?

It's all in the fate. Whatever written is in your fate will happen to you.