Rich Dad, Poor Dad author Robert Kyosaki is now a doomer

[seanm123]

Seems that the doomer talk may develop into it's own mania, perhaps we can have a show on HDTV called "Defend this House" where a family builds a hard perimeter rigged with trip wires and also shows them digging a root cellar.

Rich Dad warns of economic collapse and the need to prepare for crisis



Rich Dad, Poor Dad author Robert Kyosaki has recently gotten on the prepper bandwagon and is pushing Americans to prepare for an economic collapse by storing food, weapons, and precious metals in the advent of a financial meltdown, or government crisis. In a report from June 27th, Kyosaki and his financial advisors have come to the stark conclusion that collapse is inevitable, and short and long term preparation by individuals is not just suggested, but necessary.
Over the past couple of years, Rich Dad has been adding several new training programs on investing in precious metals, alternate currencies, and even in viable farmland over residential property. Prior to the crash of the housing bubble, Kyosaki was a staunch advocate that real estate was the best way to grow rich, and to help create lasting cash flow investments. While real estate investing is still a large portion of his teachings, the fact that so many Americans are losing their homes and incomes due to the loss of over seven million jobs since 2001 has required Rich Dad to reevaluate priorities for Americans from investment, to survival and sustainability.

Kyosaki and his advisors have seen the direction of the US and global economies, and have come to the determination that the system must break one way or another at a certain point. In either case, depression or hyperinflation, food, energy, and real money, as well as a means to defend oneself from desperate people, are the number one priorities he is pushing Americans towards today.
There is an old saying in the investment world, if you want to be rich, then do what rich people do. Robert Kyosaki has proven that you can be successful and grow rich by going against the standard paradigms of society and investing, and now he is forecasting a way to overcome and survive the coming crisis that most of the mainstream economists ignore. All one has to do is look at what is taking place today in Europe, the Middle East, and even cities in the US where flash mobs are creating an environment of violence and theft to know that this is only beginning.
Robert Kyosaki has helped change how Americans see investing and wealth through his Rich Dad model, and now, Rich Dad is trying to change Americas mentality on the coming economic crisis and prepare for what he sees as the inevitable future.

Continue reading on Examiner.com Rich Dad warns of economic collapse and the need to prepare for crisis - National Finance Examiner | Examiner.com http://www.examiner.com/finance-exam...#ixzz1TtyLSzw0

[Iron Zeppelin]

Re: Rich Dad, Poor Dad author Robert Kyosaki is now a doomer

He's been pushing that idea for years.

[Munger]

Re: Rich Dad, Poor Dad author Robert Kyosaki is now a doomer

[jk]

Re: Rich Dad, Poor Dad author Robert Kyosaki is now a doomer

so during the housing bubble he was selling advice about real estate, and now he's selling "preparation" advice. sounds like a marketing decision, not an economic analysis.

[c1ue]

Re: Rich Dad, Poor Dad author Robert Kyosaki is now a doomer

Kiyosaki is nothing if not keenly aware of where public opinion is swinging, and he's again positioning himself to profit from it.

Of course anyone who listens to him ends up sorry and sore...

[lakedaemonian]

Re: Rich Dad, Poor Dad author Robert Kyosaki is now a doomer

Kiyosaki and the snakeoil he has been selling have been thoroughly put thru the bullsh!t detector and he has tested positive across the board.

Besides his profit making scheme consisting of marketing and selling a profit making scheme he has no honor or integrity for "mis speaking" about his military career.

[flintlock]

Re: Rich Dad, Poor Dad author Robert Kyosaki is now a doomer

Just had a discussion 5 minutes ago with a neighbor. He's stocking up on food and guns. This from a former IBM exec. A real yuppie type. Doomerism going mainstream?

[lakedaemonian]

Re: Rich Dad, Poor Dad author Robert Kyosaki is now a doomer

A whole lot of money was made selling firearms, ammunition, and long-term storage food during the run up to President Obama's election victory and after......lots of that stuff back on the market selling cheap(er) afterwards.

Same thing again I reckon.

If only the folks who have bought into the excessive doom and gloom could be convinced out of believing in an unlikely "zombie movie exciting" future and into a more likely future of a slow grind downward spiral and become active in facing it.....particularly in wrestling back control of the political process.

[lektrode]

Re: Rich Dad, Poor Dad author Robert Kyosaki is now a doomer

....If only the folks who have bought into the excessive doom and gloom could be convinced out of believing in an unlikely "zombie movie exciting" future and into a more likely future of a slow grind downward spiral and become active in facing it.....particularly in wrestling back control of the political process.

+1

[lektrode]

Re: Rich Dad, Poor Dad author Robert Kyosaki is now a doomer

this one was quite timely, eh?
http://www.itulip.com/forums/showthr...s-dilbert-gold

[Sutter Cane]

Re: Rich Dad, Poor Dad author Robert Kyosaki is now a doomer

A whole lot of money was made selling firearms, ammunition, and long-term storage food during the run up to President Obama's election victory and after......lots of that stuff back on the market selling cheap(er) afterwards.

Same thing again I reckon.

If only the folks who have bought into the excessive doom and gloom could be convinced out of believing in an unlikely "zombie movie exciting" future and into a more likely future of a slow grind downward spiral and become active in facing it.....particularly in wrestling back control of the political process.

If I find myself in a doomer-ish mood, I like to re-read this piece:

The War Nerd: Apocalypse Never

http://exiledonline.com/war-nerd-apo...e-never/all/1/

See, that’s what’s sad about all this: the post-disaster world will be just like this one, only worse. All the lousy coworkers and squabbles and crap, but none of the luxuries. The winners won’t be the zombies, just another set of bosses. The end of the world is what you call it when your tribe loses. It may be the end of the world for them, like it was for hundreds of native tribes all over the world, but when your world ends like that, you don’t get to play out the game in some cool ruins out of a video game. Some other tribe takes over, that’s all. And when they do, there’s no way on earth you can hole up in your townhouse with a semi-automatic weapon and hold out. Because it’s organization that wins, not lone gunmen. If you want to survive, join a club. It only looks like chaos to the losers.

[lakedaemonian]

Re: Rich Dad, Poor Dad author Robert Kyosaki is now a doomer

If I find myself in a doomer-ish mood, I like to re-read this piece:

The War Nerd: Apocalypse Never

http://exiledonline.com/war-nerd-apo...e-never/all/1/

Interesting commentary.

I recall reading a widely distributed blog/diary/story of an Argentinian caught up in their perpetual economic crisis of recent decades.

He was quick to rubbish a lot of the typical doomer preparation as their isn't any doom...just a relentless slow boil.

I reckon that's where the future lies for many in the west......a slow downward spiral in quality of life and standard of living for the majority(but not all) with occasional sharp drops......and many commonly held perceptions on how to prepare for the broadly acknowledged and reasonably foreseen grim future simply wrong.

At times like this is where I think the value of television(already lacking any decent current events commentary) becomes detrimental......I actually think people tend to think in terms of highly compressed TV movie or mini-series timelines......as if you can prepare for and survive a zombie apocalypse with a bunch of guns, ammo, and MREs and then the world will be back to normal in time for the upcoming NFL and TV watching season.

Basically, I reckon most folks I know who are OVER-reacting to this cluster of perpetual crisis are superficially preparing and training for a weeks-to-months-to year 40m dash...instead of a sustainable pace decade to lifetime marathon grind.

For many valid reasons, our family is well situated to handle the short-sharp crisis.....as we have suffered 2 very REAL and very substantial local earthquakes in the past year as well as a pair of legitimate tsunami false alarms in recent years.

But the majority of our efforts are in trying to execute a long-term(multi-decade, even multi-generational if we aren't being TOO arrogant to think we can achieve it with a reasonable degree of success) plan for retaining our family's quality fo life and standard of living.

And that's what pisses me off about folks like Robert Kiyosaki......it is his skill in hitching a superficial ride on the meme winds without offering anything of real substance....he is as hollow as the US economy.