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Old 09-21-2006, 07:04 AM   #1
engorgecash
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Robert Kiyosaki: 9/19/06 - "most financially disturbing times in history" comming.

http://finance.yahoo.com/columnist/a...ichricher/9775

excerpt

"Most Americans live in la-la land.

They're clueless about what's going on in the world of money, and still think we're the richest country in the world. In reality, we're the biggest debtor nation there is.

Most Americans also still think our government will protect them. The world is changing at an alarming rate, yet most people here waddle stubbornly through the crosswalk, so to speak, still believing that this country has the right of way and that our political institutions are still sound.

What about Medicare, which is running in the red? And what about Social Security, which will soon be running in the red? In case you don't know how in trouble both programs are, as of 2004, Medicare's long-term fiscal gap is over $60 trillion, while Social Security reportedly has a $10 trillion shortfall.

Yet in spite of these financial challenges, millions of Americans continue to waddle through the crosswalk of life, expecting our government to take care of them instead of building wealth. They're living in la-la land.

In the next five years, the United States and the world will go through some of the most financially disturbing times in the history of the world. Once again, the rich will become very, very, rich, and the unsuspecting will be left like the passengers on the S.S. Titanic, heading straight for an economic iceberg."

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Old 09-21-2006, 07:25 AM   #2
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not only US have these sort of problems
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Old 09-21-2006, 07:44 AM   #3
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Quote:
Originally Posted by DraX
not only US have these sort of problems
he said "United States and the world" blah blah blah
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Old 09-21-2006, 07:47 AM   #4
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He didn't mention the MASSIVE spending on Iraq either - that ain't gonna help.
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