Is there really a conspiracy of the rich? Do the rich receive a better financial education then the rest of us? Has the rules of money changed? Is there a growing gap between the rich and the poor? Robert Kiyosaki thinks so, in his new book Rich Dad’s Conspiracy of The Rich, he answers these questions and more.
Kiyosaki explains that most people attend school so they can get a good job. Most leave school not knowing the difference between stocks, bonds, or the differences between good and bad debt. He also states that your house is not an asset but a liability. Kiyosaki believes that one reason why we have a financial crisis is due to the bankers creating derivatives out of derivatives. He goes on to name a few of these derivatives like: collateralized debt obligations, high-yield corporate bonds (aka junk bonds), and credit default swaps. He also states that one of the objectives of the financial industry is to keep you confused.
Kiyosaki asserts that the root of the crisis stems from the Federal Reserve System (which is not federal, has no reserves, and is not really a bank) and the super rich of our country, along with the most powerful people of the world, are all in bed together. He further explains that in 1913 the Federal Reserve System was created to protect the biggest banks from failing, protect the wealth of the rich (not the taxpayers), and for the U.S. government to print fiat money. One way the wealth of the rich is protected was the way the Secretary of the Treasury Henry Paulson, formerly of Goldman Sachs, gave away billions of taxpayers’ money in the form a legislative bailout appropriately named TARP (Troubled Asset Relief Program) to his friends. When USA Today asked the big banks what they did with the money, they chose not to disclose that to the public. So the bank bailout money was really just a rich friend bailout, obviously a fraud, and not the cure to save the economy.
If you want to know more about the conspiracy of the rich, the 8 new rules of money, why your financial education is different then the rich and much more, then you need Robert Kiyosaki’s “Rich Dad’s Conspiracy of The Rich.
