Conspiracy of the Rich

Conspiracy of the Rich
by Robert Kiyosaki

In 1971, President Nixon, without the approval of the congress took the money off the gold standard and changed the rules of money – not just for U.S. but also for the world.

To omit the subject of money from the education system is a part of the conspiracy and is cruel and unconscionable.

Most people go to school so that they can get a good job, work hard, pay taxes, buy a house, save
money and turn over any extra money to a financial planner who passes it to the rich.

A bail-out is used when the rich want the taxpayers to pay for their mistakes or their fraud. With every bail-out, rich print more money. With more money in the system, inflation goes up as anyone knows. Inflation implies that our purchasing power goes down with the same amount of money. In short our money has become less valuable. Every bail-out is also making your insurance policy worth less and less every year.

It has become a practice to tax those who work hard and produce and to reward the crooked and the incompetent by bail-outs.

Regardless of whether a person agrees or disagrees with the idea of a conspiracy, the reality is that trillions of dollars of magic money plus interest will have to be paid by future generations, our children.

Most people don’t know that Federal Reserve is neither federal nor has any reserves. It is not
government institution or a bank. It is only a cartel of the rich and the powerful.

Today financial security is much more important than a job security.

8 New rules of money

1.Money is knowledge.

In this age, fortunes can be won and lost in the blink of an eye as a result of good or bad information.

2.Learn how to use debt.

3.Learn to control cash flow.

4.Prepare for bad times and you will only know good times.

5.The need for speed.

The faster a person can transact business, the more money he shall make. A doctor can see only on  patient at a time but a business can serve many clients at any given minute 24/7.

6.Learn the language of money.

Invest for cash flow, not capital gains. Don’t let greed and easy money interfere with being a financially wise and rich man. Warren Buffet says : ‘ The dumbest reason in the world to buy a stock is because it is going up.’

Don’t diversify. Learn your trade and focus on your area.

The poor work for money. The rich work to create assets that produce cash flow.

7.Life is a team sport. Choose your team carefully.

8.Since money is becoming worth less and less through inflation, learn to print your own.

Print your own money which means have infinite ROI. How is this achieved ? ROI becomes infinite when you use debt to acquire an asset, pay off the debt, own the asset and keep earning a cash-flow from the asset for the rest of your life.

Taking a business public is one of the best ways to take an idea and create a personal fortune.
With changing times, unless you learn to beat the rich at their own game, you will become poorer and poorer.