Excerpt from Kiyosaki, http://finance.yahoo.com/expert/article/richricher/124339
Read the whole thing at the link above.
Three Approaches to a Crumbling Economy
I spoke to three young couples from Zimbabwe while I was in South Africa. Two couples were recent refugees now living in South Africa, and one couple still lives in Zimbabwe. All three couples had interesting stories to tell. One couple said that they would have quit their jobs earlier. Instead, they hung on, hoping the economy would change. Then, virtually overnight, the value of the Zimbabwean dollar dropped and inflation went through the roof. Even though they received pay raises, the couple couldn't survive and soon depleted their savings. They left Zimbabwe by car with almost nothing. If they could've done something differently, they told me, they would have started a business in Zimbabwe and began exporting products to South Africa, so that they would have had South African currency and a bank account there before they fled.
The second couple that fled the country said they saved money and paid off their house and other debts even as the Zimbabwean dollar fell in value. Looking back, they say they would've saved nothing and gotten deeply in debt in Zimbabwe, allowing them to pay off their debt with the cheaper dollars. Instead, they fled after they lost their jobs, leaving behind their house and owning $200,000 in nearly worthless Zimbabwean dollars. The third couple still lives in Zimbabwe. When they saw the writing on the wall, they set up a business in South Africa and, with the profits, began acquiring tangible assets in Zimbabwe. Often, they'll buy an asset in Zimbabwe and pay the seller in South African currency. They believe that once Mugabe is gone and order is restored, they'll be in a strong financial position.
Many Problems, Few Solutions
There are three major problems with the events of 1913, 1944, and 1971. The first is that the Fed, the World Bank, and the IMF are allowed to create money out of nothing. This is the primary cause of global inflation. Global inflation devalues our work and our savings by raising the prices of necessities. For example, when gas prices soared, many people said that the price of oil was going up. In reality, the main cause of the high price of oil is the decreasing value of the dollar. The Fed, the World Bank, and the IMF, like Zimbabwe, are mass-producing funny money, thereby increasing prices and devaluing our quality of life. The second problem is that our economic crises are getting bigger. In the 1970s, the Fed faced and solved million-dollar crises. In the 1980s, it was billion-dollar crises. Today, we have trillion-dollar crises. Unfortunately, these bigger crises mean more funny money entering the system
Friday, November 28, 2008
Robert Kiyosaki Why the Rich Get Richer
This is an excerpt from Robert Kiyosaki
Read the whole thing here http://finance.yahoo.com/expert/article/richricher/124339
Interesting article, but I do not reccommend gold or a gold backed dollar.
Article begins:
How did we get into the current financial mess? Great question.
Turmoil in the Making
In 1910, seven men held a secret meeting on Jekyll Island off the coast of Georgia. It's estimated that those seven men represented one-sixth of the world's wealth. Six were Americans representing J.P. Morgan, John D. Rockefeller, and the U.S. government. One was a European representing the Rothschilds and Warburgs.
In 1913, the U.S. Federal Reserve Bank was created as a direct result of that secret meeting. Interestingly, the U.S. Federal Reserve Bank isn't federal, there are no reserves, and it's not a bank. Those seven men, some American and some European, created this new entity, commonly referred to as the Fed, to take control of the banking system and the money supply of the United States.
In 1944, a meeting in Bretton Woods, N.H., led to the creation of the International Monetary Fund and the World Bank. While the stated purposes for the two new organizations initially sounded admirable, the IMF and the World Bank were created to do to the world what the Federal Reserve Bank does to the United States.
In 1971, President Richard Nixon signed an executive order declaring that the United States no longer had to redeem its paper dollars for gold. With that, the first phase of the takeover of the world banking system and money supply was complete.
In 2008, the world is in economic turmoil. The rich are getting richer, but most people are becoming poorer. Much of this turmoil is directly related to those meetings that took place decades ago. In other words, much of this turmoil is by design.
Power and Domination
Some people say these events are part of a grand conspiracy, and that might well be. Some people say they represent the struggle between capitalists, communists and socialists, and that might be, too.
I personally don't participate in the debate over a possible global conspiracy; it's a waste of time. To me, the wider struggle is for power and domination. And while this struggle has done a lot of good — and a lot of bad — I just want to know how to avoid becoming its victim. I see no reason to be a mouse trying to stop a herd of elephants from fighting.
Currently, many people are suffering due to high oil price, the slowdown in the economy, loss of jobs, declines in home values, increased bankruptcies and businesses closings, savings being wiped out, the plummeting stock market, and rising inflation. These realities are all direct results of this financial power struggle, and millions of people are its victims today.
An Extreme Example
I was in South Africa in July of this year. During my television and radio interviews there, I was often asked my opinion on the world economy. Speaking bluntly, I said that South Africans had a better opportunity of comprehending the global turmoil because they're neighbors to Zimbabwe, a country run by Robert Mugabe.
In my interviews, I said, "What Mugabe has done to Zimbabwe, the Federal Reserve Bank and the IMF are doing to the world." Obviously, my statements disturbed many of the journalists. I did my best to comfort them and assure them I was not an anarchist. I explained, as best I could, that Zimbabwe was an extreme example of an out of control power struggle.
After they were assured I was only using Zimbabwe to illustrate my point, I said, "If you want to understand the world economy, take a refugee from Zimbabwe to lunch." I advised them to ask the refugee these questions:
1. How fast did the economy turn?
2. When did you know that you were in financial trouble?
3. When did you finally decide to leave Zimbabwe?
4. If you could do things differently, what would you have done?
.
Read the whole thing here http://finance.yahoo.com/expert/article/richricher/124339
Interesting article, but I do not reccommend gold or a gold backed dollar.
Article begins:
How did we get into the current financial mess? Great question.
Turmoil in the Making
In 1910, seven men held a secret meeting on Jekyll Island off the coast of Georgia. It's estimated that those seven men represented one-sixth of the world's wealth. Six were Americans representing J.P. Morgan, John D. Rockefeller, and the U.S. government. One was a European representing the Rothschilds and Warburgs.
In 1913, the U.S. Federal Reserve Bank was created as a direct result of that secret meeting. Interestingly, the U.S. Federal Reserve Bank isn't federal, there are no reserves, and it's not a bank. Those seven men, some American and some European, created this new entity, commonly referred to as the Fed, to take control of the banking system and the money supply of the United States.
In 1944, a meeting in Bretton Woods, N.H., led to the creation of the International Monetary Fund and the World Bank. While the stated purposes for the two new organizations initially sounded admirable, the IMF and the World Bank were created to do to the world what the Federal Reserve Bank does to the United States.
In 1971, President Richard Nixon signed an executive order declaring that the United States no longer had to redeem its paper dollars for gold. With that, the first phase of the takeover of the world banking system and money supply was complete.
In 2008, the world is in economic turmoil. The rich are getting richer, but most people are becoming poorer. Much of this turmoil is directly related to those meetings that took place decades ago. In other words, much of this turmoil is by design.
Power and Domination
Some people say these events are part of a grand conspiracy, and that might well be. Some people say they represent the struggle between capitalists, communists and socialists, and that might be, too.
I personally don't participate in the debate over a possible global conspiracy; it's a waste of time. To me, the wider struggle is for power and domination. And while this struggle has done a lot of good — and a lot of bad — I just want to know how to avoid becoming its victim. I see no reason to be a mouse trying to stop a herd of elephants from fighting.
Currently, many people are suffering due to high oil price, the slowdown in the economy, loss of jobs, declines in home values, increased bankruptcies and businesses closings, savings being wiped out, the plummeting stock market, and rising inflation. These realities are all direct results of this financial power struggle, and millions of people are its victims today.
An Extreme Example
I was in South Africa in July of this year. During my television and radio interviews there, I was often asked my opinion on the world economy. Speaking bluntly, I said that South Africans had a better opportunity of comprehending the global turmoil because they're neighbors to Zimbabwe, a country run by Robert Mugabe.
In my interviews, I said, "What Mugabe has done to Zimbabwe, the Federal Reserve Bank and the IMF are doing to the world." Obviously, my statements disturbed many of the journalists. I did my best to comfort them and assure them I was not an anarchist. I explained, as best I could, that Zimbabwe was an extreme example of an out of control power struggle.
After they were assured I was only using Zimbabwe to illustrate my point, I said, "If you want to understand the world economy, take a refugee from Zimbabwe to lunch." I advised them to ask the refugee these questions:
1. How fast did the economy turn?
2. When did you know that you were in financial trouble?
3. When did you finally decide to leave Zimbabwe?
4. If you could do things differently, what would you have done?
.
Thursday, November 20, 2008
Sacramento Events: International Transgender Day
November 22, 2008 Saturday at 6:30 p.m. A Church For All, 721 North B Street, Sacramento. Annual interfaith candlelight vigil in observance of the International Transgender Day of Remembrance. All are welcome.
This year’s vigil will be specially dedicated to the memory of Ruby Molina, a transgendered male whose body was found in the American River in September.
There will be speakers and refreshments will be served after the memorial.Information at http://achurchforall.org/
To read more about Ruby Molina http://is.gd/8lOV
This year’s vigil will be specially dedicated to the memory of Ruby Molina, a transgendered male whose body was found in the American River in September.
There will be speakers and refreshments will be served after the memorial.Information at http://achurchforall.org/
To read more about Ruby Molina http://is.gd/8lOV
Friday, November 14, 2008
What is the Link Between Healthcare Providers and Proposition 8 Supporters?
While looking at the list of Top Proposition 8 supporters, one professional field keeps coming up. Healthcare. Look at the list here. Why is this? Is this just a career field that has a lot of conservative people in it or something else?
Is the healthcare industry trying to keep down costs by keeping the definition of marriage as narrow as possible?
According the Human Rights Campaign, the worry is baseless.
"In short, extending marriage to same-sex couples will have a negligible impact on the cost of providing employee benefits. In fact, because same-sex couples make up a small percentage of the U.S. population, the cost of allowing same-sex couples to marry will be no greater for employers than the costs caused by fluctuations in the U.S. heterosexual marriage rates."
But the fear remains. According the Pew Forum on Gay Marriage, only one percent of those polled consider economic reasons for opposing gay marriage. Still the concern remains, when it comes to healthcare professionals, they may more carefully consider economic reasons because the impact will directly affect their profession.
A person is pro or anti same-sex marriage is largely indicated by political affliation and if a person believes that homosexuality is biologically determined or not. So why so many healthcare professionals in the anti category? Isn't healthcare a science driven profession and therefore wouldn't healthcare professionals be more likely to be sympathetic to same-sex marriage?
Interestingly enough, no. Healthcare is being led by MBAs vs. MDs, so because healthcare has changed from a service to a business, it is easy to see how determining factor is the bottomline and not biology-- or even justice for that matter. The fight for same-sex marriage is reflecting the struggle of American healthcare. Profits vs. People.
Will human concern trump profitabilty? Not today, as for the future, we'll see.
Is the healthcare industry trying to keep down costs by keeping the definition of marriage as narrow as possible?
According the Human Rights Campaign, the worry is baseless.
"In short, extending marriage to same-sex couples will have a negligible impact on the cost of providing employee benefits. In fact, because same-sex couples make up a small percentage of the U.S. population, the cost of allowing same-sex couples to marry will be no greater for employers than the costs caused by fluctuations in the U.S. heterosexual marriage rates."
But the fear remains. According the Pew Forum on Gay Marriage, only one percent of those polled consider economic reasons for opposing gay marriage. Still the concern remains, when it comes to healthcare professionals, they may more carefully consider economic reasons because the impact will directly affect their profession.
A person is pro or anti same-sex marriage is largely indicated by political affliation and if a person believes that homosexuality is biologically determined or not. So why so many healthcare professionals in the anti category? Isn't healthcare a science driven profession and therefore wouldn't healthcare professionals be more likely to be sympathetic to same-sex marriage?
Interestingly enough, no. Healthcare is being led by MBAs vs. MDs, so because healthcare has changed from a service to a business, it is easy to see how determining factor is the bottomline and not biology-- or even justice for that matter. The fight for same-sex marriage is reflecting the struggle of American healthcare. Profits vs. People.
Will human concern trump profitabilty? Not today, as for the future, we'll see.
Argghhh, So Behind the Times, Conservatives Ignore New Media
Conservatives haven't noticed that new media is king. Seems that Fox News is doing a very publicized show on the impact of, get this, television on the presidency. Hmm, okay, that would have been news 8 years ago. But the recent election, you know the one won two weeks ago, was won through new media. YouTube, email, twitter these are a few of the new giants of information and organizing. Talking about top-down politics, television is a hall mark of it. So why is Fox using its airwaves to herald the old guard? Well maybe its because they haven't realized there is a new guard. This blueberrybacon, still unimpressed with conservative opposition.
Schwarzenegger is a Governor even Democrats Admire
It is ashame that he wasn't born in the United States. Arnold the Statesman is bravely going where no California governor has ever had to go. Head to head with the biggest financial crisis in seventy years. He has the poise and posture that heroes are made of.
Don't get me wrong, I am not completely happy with his proposed budget; in fact, I think it sucks. But you have to admit, he always seems to make his first budget proposals so outlandishly offensive that it causes everyone to pay attention. And once everyone is paying attention, the negotiations in earnest begin.
That's leadership, getting all parties to the table to hammer out a deal. He has
a knack for substantive debate, something that is missing on his republican side of the aisle. He really likes results. And, let's hope he is flexible enough to expand revenue for California through the vehicle licensing fee.
Let's hope he can convince his own party that California needs expanding revenue.
Don't get me wrong, I am not completely happy with his proposed budget; in fact, I think it sucks. But you have to admit, he always seems to make his first budget proposals so outlandishly offensive that it causes everyone to pay attention. And once everyone is paying attention, the negotiations in earnest begin.
That's leadership, getting all parties to the table to hammer out a deal. He has
a knack for substantive debate, something that is missing on his republican side of the aisle. He really likes results. And, let's hope he is flexible enough to expand revenue for California through the vehicle licensing fee.
Let's hope he can convince his own party that California needs expanding revenue.
Thursday, November 13, 2008
Okay, SP on the Stage Again
Is anyone else embarassed for her? I admit, I wasn't too sympathetic through the SNL skits and diastrous interviews, but now, it is just too painful to watch.
Sara Palin is turning out to be that party guest who just won't go home.
Sara Palin unleashed free to show people who she is and all of that, but jeez, she has no new material. Every sentence is rehashed from her campaign speeches. But the lowest point was with Greeta Van Susteren of Fox, an obvious fan, was struggling to find something to talk about. As the conversation drifted to dinner menus and what she watched on TV. There was nothing else to do but notice that she looked so over dressed and unnatural in the kitchen in her black dress and pearl earrings. We all know the Palin household is more relaxed than that. We saw the little girl fix the infants hair by spitting on her hand and then rubbing it on his head. (Can we all say---Yeck!). That's not a sign of June Cleaver, so why try to pull a fast one with the pearls in the kitchen?
Her favorite show seems to be Discovery Channels "Deadliest Catch.", a show about working commercial fishermen. Perhaps she longingly enjoys seeing men who actually work, because her husband is back to scanning Monster. com, as he has been for several years.
But don't mistake my acerbic wit for glee. No, this is a painful slow train wreck and I'm squirming for her. She's like that pretty girl at the frat party who walks in with every guy wanting her, and every girl jealous of her, until--one drink to many then she dances on the bar, or throws up or something and from that tragic moment on--she becomes a joke, an outcast, and she is the only one who doesn't know it.
But her peers do. On their faces you could see that the Republican Governors' Association meeting was hijacked by SP. She had Governors stand behind her while she had a 3 question press conference. I encourage you to look at the tape a see the Governors in the background and ask yourself, "Do they want to be there?" "Did they know that this was what was going to happen?"
Ouch. Please republicans, find yourself again. This is hard, too hard for all of us. Time to break away from Palin and get a new face, Bobby Jindal, Mitch Daniels. Someone, anyone please.
Sara Palin is turning out to be that party guest who just won't go home.
Sara Palin unleashed free to show people who she is and all of that, but jeez, she has no new material. Every sentence is rehashed from her campaign speeches. But the lowest point was with Greeta Van Susteren of Fox, an obvious fan, was struggling to find something to talk about. As the conversation drifted to dinner menus and what she watched on TV. There was nothing else to do but notice that she looked so over dressed and unnatural in the kitchen in her black dress and pearl earrings. We all know the Palin household is more relaxed than that. We saw the little girl fix the infants hair by spitting on her hand and then rubbing it on his head. (Can we all say---Yeck!). That's not a sign of June Cleaver, so why try to pull a fast one with the pearls in the kitchen?
Her favorite show seems to be Discovery Channels "Deadliest Catch.", a show about working commercial fishermen. Perhaps she longingly enjoys seeing men who actually work, because her husband is back to scanning Monster. com, as he has been for several years.
But don't mistake my acerbic wit for glee. No, this is a painful slow train wreck and I'm squirming for her. She's like that pretty girl at the frat party who walks in with every guy wanting her, and every girl jealous of her, until--one drink to many then she dances on the bar, or throws up or something and from that tragic moment on--she becomes a joke, an outcast, and she is the only one who doesn't know it.
But her peers do. On their faces you could see that the Republican Governors' Association meeting was hijacked by SP. She had Governors stand behind her while she had a 3 question press conference. I encourage you to look at the tape a see the Governors in the background and ask yourself, "Do they want to be there?" "Did they know that this was what was going to happen?"
Ouch. Please republicans, find yourself again. This is hard, too hard for all of us. Time to break away from Palin and get a new face, Bobby Jindal, Mitch Daniels. Someone, anyone please.
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