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The Conspiracy of the Rich....continued

The First Rich Dad book Written Entirely Online!

Conspiracy of the Rich - The 8 New Rules of Money - as a book and a website was, just like the wealth factory , created to help you understand how the current recession came about, and what you need to learn to survive through the coming rough years. An unprecedented publishing event for Robert Kiyosaki and The Rich Dad Company, Conspiracy of the Rich - The 8 New Rules of Money is an interactive, "Wiki-style" project in which Kiyosaki has invited feedback, commentary, and questions from readers across the globe. Stay current with the absurdities affecting our rapidly changing economic crisis by reading Roberts regular Exclusive Online Updates to Conspiracy of the Rich - The 8 New Rules of Money.

Read a sample from the book:

The Root of All Evil
Is the love of money the root of all evil? Or, is it the ignorance of money?
What did you learn about money in school? Have you ever wondered why our school systems do not teach us much—if anything—about money? Is the lack of financial education in our schools simply an oversight by our educational leaders?
Or is it part of a larger conspiracy? Regardless, whether we are rich or poor, educated or uneducated, child or adult, retired or working, we all use money. Like it or not, money has a tremendous impact on our lives in today's world.
Changing the Rules of Money
In 1971, President Richard Nixon changed the rules of money: Without the approval of Congress, he severed the U.S. dollar's relationship with gold. He made this unilateral decision during a quietly held two-day meeting on Minot Island in Maine, without consulting his State Department or the international monetary system.
President Nixon changed the rules because foreign countries being paid in U.S. dollars grew sceptical because the U.S. Treasury was printing more and more money to cover our debts, and they began exchanging their dollars directly for gold in earnest, depleting most of the U.S. gold reserves.
The vault was being emptied because the government was importing more than it was exporting and because of the costly Vietnam War.
As our economy grew, we were also importing more and more oil......

Back to the Future

Faced with such an overwhelmingly bad economy, President Bush pushed through a landmark bailout plan aimed at saving the economy, saying, “This legislation will safeguard and stabilize America’s financial system and put in place permanent reforms so these problems will never happen again.”
Many people breathed a sigh of relief, thinking, “Finally, the government is going to save us!” The problem is those are not the words of President George W. Bush. Those are the words of his father, George H.W. Bush.
In 1989, the first President Bush asked for $66 billion to save the Savings and Loan (S&L) Industry. The $66 billion did not solve the problem. The S&L industry disappeared from sight. On top of that, the estimated $66 billion rescue package eventually cost taxpayers over $150 billion – over twice the amount originally estimated.
Where did all that money go?

Like Father Like Son

Twenty years later in September 2008, President W. Bush asked for $700 billion making a similar promise, “We’ll make sure, as time goes on, this doesn’t happen again. In the mean time, we got to solve the problem. And that’s why people sent me to Washington, D.C.”
Just as with the first President Bush, the estimated bailout cost was severely undervalued. By November 2008, the total bailout pledge through various Treasury programs was up to $7 trillion and today is expected to go higher.
Where is all this money coming from, where is it going…and to whom?....
Best wuishes, Mark


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