Discussion

http://www.pbs.org/moyers/journal/04032009/watch.html

"A high school kid with a global web business, transacting business to unlimited costumers 24/7, can potentially earn much, much more than a medical doctor." -Robert T. kiyosaki

After taking the Rich Dad's coaching program, I can say that this is sooo true. I'm a High school senior and I own a global web business and so far, I'm earning more than most of my school teachers. Working metaphysically (business) is indeed the smart thing to do in the world today.

So, horray for teenagers!

hello robert and all crew.thanks for the good reading and knowledge shared.
my opinions > the dollar will continue to devaluate in value,simple because the cost of living will be more expensive.
still the tab for all the bailout money needs to be paid and taxes wont be enough so the new currency will take place,(the famous and still "secret" AMERO or wathever they name it) and the dollar will devaluate even more, taking all latino currencies with it. and making all the rest of latinoamerica slaves countries.(including the usa )all those countries will be slaves of the greedy world bank,federal reserve,and very very rich countries where citizens dont even have to work, etc etc etc...

also problems are alike to arise, since china hold trillions on usa treasury bonds wich if tomorrow they dont agree with usa ideas, or decide to do their own, or simple decide to collect their check(usa treasury bonds)well I dont think it will be a nice scenario.

also wars are very likely to happen and are the worst case scenario. (I honestly pray for that not to happen),since all countries are gonna start collecting from each other and not all will be able to pay.
so just like a bank come and take people house, countries will start to take on territories from other countries as a payment for debt.

the very rich must understand that when they die they wont be able to take all of their wealth with them, neither their sucessors will be able to spend it.
so all of you richest people on the planet PLEASE do a favor to the planet earth, and share the wealth with the ones that needed the most, and make this a better planet to live in. at least you will be remember for saving humanity instead of destroying it.

ROBERT once again thanks for your time invested on this excellent book.
is there anything we can do to help?

lalo.

We will see global capitalism unleashed at its best or far more greater than ever imagined. The highest of capitalism caused the recession and will unleashed its extremity some time in the future. Markets will be dragged down even more and only the paranoid will survive its sudden changes. The crumbling auto industry will not surpass its challenges and pushing further to near bankruptcy. Money printed out of thin air will be nothing or little of value and before the government can even recover from the large bailouts it has given to large banks, it has already been gone. The U.S economy will drag several countries to the same fate with its numerous trading partners and influence across the globe, further increasing the economic power that 10% of the people in the country have.

The good news is that x and y generation, my generation, has the capacity to increase their financial education and the "system" our economy is on.

mirecek said:

My question is if there is just one currency, wouldn't one of the biggest financial markets (FOREX) be wiped out? Answer would be clearly yes. I am wondering if that would help the rich in anyway, FOREX moves money at the speed of light 24/7 moving wealth around.

My comment:

That's a very good question.

Keep in mind that the FOREX is the largest financial market in the world and it is not operating under any one central exchange or clearing house. So, the ultra rich do not have much control over it (unless they own the central bank of their nation) that's exactly what irks them. Kind of like the Vatican in the past. They also hate to see people like Soros, an outsider, bring the British Pound to its knees.

That's exactly why the rich would love to see one e-currency, so they could omit unfortunate drawbacks and risks related to trading in many different currencies from the equation. Imagine what the world would be like today, if the Templars, later Teutonic Knights were never defeated.

The world's financiers have learned alot since the days of the Crusades, Prussian Knights, Conquistadors, and Napoleonic Wars.

The real question is how to be enlightened enough not to lose in the coming crusade for the holy grail which is the quest for one electronic currency worldwide.

Robert, thank you for explaining all that in clear terms that anyone can understand. I must admit to having been one of the people who didn't have a clue. At least I know a little more now.

As for what will happen in the future--we can only continue to sink deeper into the quicksand unless decades of "I've got mine and if you don't have yours, tough" attitudes begin to change. As long as people are focused only on their own short-term winnings and not on what's going to happen to their country and the world as a result of their actions, we have little hope of long-term financial survival.

Long ago, there were two 19th-century capitalists who had more money than anyone could spend in a lifetime. One of them said "The public be damned." The other used his money to open public libraries. Which of those two did more for the future of capitalism, the one whose attitude was "I've got mine" or the one whose attitude was "I have succeeded, now let me help others to succeed so that we all may prosper"? How many successful people got an education at a free Carnegie library? How many people even remember "Commodore" Vanderbilt today?

Devaluationa and devaluation of money!!!!!!!!! In South Africa and Namibia the global economic crisis has hit so hard that the already poor communities are badly affected, I can imagine it should be worse in other Africa countries with far less poor economy than South Africa and Namibia. You have stated two important matters, one is that of speedily increasing one's finances in order to survive this economic down turnover and the answer is exponential growth versus linear financial growth. I am also convinced that this is the way to go but Robert it's hard on the web for the amateurs, it's amazing how much scams and corruption that are on the Web, again those already poor find themselves losing a lot of the already scarce and limited money not on the failed businesses but on the scams. This chapter was once more very informative, keep on ducating, through this empowerment some of us will eventually become victorius through all climates. Who knows if you can't beat them join them - we might end up also being part of the teams that are printing money out of thin air. Thanks Robert!!

I beleive there are several possabilities for our future, and basically it comes down to wether or not we, the common people, decide to do anything or not, wether we choose fear, or love.

If we choose fear I beleive that our current situation will get massivley worse until the "guys in charge" are able to implement their plan for world domination via one giant corrupt banking system, along with new technology like tracking chips.

However I beleive that if we instead choose love, we can work together as a whole to create a better world for everyone. If we shift our focus from money and profit to people and enlightenment I think the future would look very bright indeed.

I like the idea of the resource based economy proposed by Jacque Fresco. The concept is not only possible but is a far more efficient way to operate our current society, and the problems that money produce would no longer be a factor because money itself would no longer exist.

Thank you Robert for your continuous effort to spread knowledge.

again, i would love to being alive on the day when paper and coin money will be a thing of the past...Sci-Fi has it right, but this today is real and as we struggle along to teach "us" how to fix this severe down slope, what to say - once we fix it, what's the next evolution ..we need to go to the "forward future" and not "back to the future" to prepare us all...

A currency for the North American Union of Mexico, Canada and the USA. If not this, one way or another, our currency will be so transformed it will be of the nature of death and the birth of something else.