Buddy wrote:Actually I just dismissed it.
Chris Fleming wrote:Kiyosaki is "sketchy" only in that he has been successful. By that I mean, he created the whole "Rich Dad" persona about a person who never existed. People get all pissy about that fact and for some reason denounce everything he ever has written, like that makes sense.
He credits his success to his father and Buckminster Fuller. That book was mainly about the educational system and it's many flaws. That book was in all likelihood largely ghostwritten too, as seen by the co-author. Still though, his original book was a good book and it was nice to see his original thoughts.
I don't have a problem with him going on to create the RDPD theme books because by that point, to my understanding, Kiyosaki was already independently wealthy, already out of the rat race, as he would put it, from his own knowledge of investments. The money from his book sales only went to further his wealth, so I don't see any of it being out of integrity.
People don't like that he didn't speak the party line when in his first Rich Dad book, RDPD, his main message was that you house is NOT an asset but a liability.
Simple definitions such as an asset being something which puts money into your pocket and a liability being anything that takes money out of your pocket are excellent distinctions that everyone ought to understand, but sadly do not.
Chris Fleming wrote:
No, it was WWII that pulled America out of the great depression.
Michael wrote:Bloomberg has been updating the amount given out since Oct. 3, 2008 when the banker takeover bill passed Congress. I think you're right about the actual assets of the entire planet. In that regard, 27 trill is nothing. The NYSE derivatives bubble is estimated at $1.5 quadrillion.
That was pretty much the underlying mission of the NYSE: get as many people, pensions, city, state, federal govts, and anyone else with real assets hooked into the scam and then suck their money out of them when the bubbles burst.
Evidence of this is that no one has sued. AFAIK, not a single major loser in these bubbles has sued,
nor have any of Madoff's victims sued.
I asked Teazer this and he never answered: what financial problem can't be solved by a few trillion USD?
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