People love referencing “Rich Dad/Poor Dad” whenever they speak on economics. Well, lets listen to what Mr. Kiyosaki has to say about volatile economic systems that depend on debtor notes/fiat, or what we commonly refer to as “paper money.” Kudos to Robert, get ya self some Gold & Silver!! There’s a fortune to be made in a recession.
P.S. His predictions were on point!
all up in smoke?
via CNN
U.S. Rep. Ron Paul, who has been an opponent of the government’s bailout plan, spoke Friday with CNN’s Kiran Chetry on “American Morning.”
Texas Republican says the bailout’s infusion of government money will lead to inflation, that our current monetary system is coming to end, and the market, not politicians, can best solve the economic crisis.
Kiran Chetry: The last time you were with us you explained why you were against the government’s bailout plan, why you were voting against it, and you didn’t believe focusing on buying these troubled assets was the smart thing to do. Since then, they’ve tweaked it and decided to buy stakes in some U.S. banks. Do you think that’s a better strategy to help heal the economy?
U.S. Rep. Ron Paul: They tweaked it up. It started out as a three-page document and went up to 450 pages. Instead of $700 billion it’s up to $850 billion. Reuters had a story out today. They estimate it’s going to cost the American taxpayer about $5 trillion. It’s tweaking in the wrong direction, and I don’t think it’s going to do any good whatsoever. Continue reading
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