Conspiracy Theory

[Msubulldogfan1]

Anybody ever read the book “fake” by Robert Kiyosaki?

To summarize, when America when totally away from the gold standard, the lower and middle class immediately started separating from the upper class. (There’s a website called “what the 17 happened in 1971 with all kinds of charts and graphs that show this). He explains that this made the value of a dollar just an agreement. Not support by gold, just everybody agrees on the worth.

He says if the middle and lower class United, and started disagreeing with what a dollar is worth, we would have an economic collapse and have to rebuild from scratch. He states the wealthy and those in power do not want this, of course. Nobody with power and money want to part with either. I’m sure that’s the last thing the government wants as well.

So they keep us distracted with racism and such, till they can come up with a solution to this gold standard disaster.

 

[Msubulldogfan1]

Any thoughts?

 

[Bulldog Bruce]

Isn't the price of gold an agreed upon value? As is any commodity.

 

[tenureplan]

It is, but i think he is saying our printed money isn't backed up in gold any longer, which is known. But I would ask, why gold? Its a shiny metal. What is it really worth?

 

[birdawg]

It is, but i think he is saying our printed money isn't backed up in gold any longer, which is known. But I would ask, why gold? Its a shiny metal. What is it really worth?

What someone's willing to pay

 

[Nicephorus]

It is, but i think he is saying our printed money isn't backed up in gold any longer, which is known. But I would ask, why gold? Its a shiny metal. What is it really worth?

Gold has a relatively limited linear supply based on mining which is way below demand. Supply in dollars has been increasing exponentially and based on the whims of the federal reserve rather than any physically limiting process. As long as the dollar is the only currency for international business we are OK.

Biggest threat to the dollar imo is the digital yuan. If China goes digital making a cheaper and easier alternative for international currency transactions we got a problem. Hope our leaders appreciate this and make the necessary changes to keep the USD in its dominant position

 

[Msubulldogfan1]

It is, but i think he is saying our printed money isn't backed up in gold any longer, which is known. But I would ask, why gold? Its a shiny metal. What is it really worth?

It’s worth what it’s worth because we agree on it. Society accepts it. It creates power.

 

[Msubulldogfan1]

This is why money is not taught in schools. I know everyone passingly questions why money isn’t taught, but it’s deep if you think about it. The education system works in a way it creates a bunch of worker bees, not independent business people.

 

[Jeffreauxdawg]

I question the future of Gold more than the dollar itself. It's past use of utilitarian value is the source of today's intrinsic value. It was simple to test for purity and for thousands of years it was a standard for currency around the world. It seems like most of the value today is based on sentiment.

If we look a thousand years forward, crypto currency has much more utilitarian value. I can send it anywhere in the world instantly. No three day clearing period. No banks getting their cut.

I'm not going to run out and buy a bunch of Bitcoin, but I finally see the light of crypto. I would expect the US to have it's own form of digital currency at some point in the not too distant future.

 

[ezsoil]

Any thoughts?

my whole problem with any "class" discussion is it doesn't take into account what makes this country the greatest country on earth... we are individuals. I'm certainly not someone that can be pigeon holed into any class...

 

[Joe Schmedlap]

The entire on the grid world will one day be forced to use a form of digital currency. You will be linked to your crypto account via some type of bio marker/implanted RFID tag. It’s in the good book.

 

[Msubulldogfan1]

my whole problem with any "class" discussion is it doesn't take into account what makes this country the greatest country on earth... we are individuals. I'm certainly not someone that can be pigeon holed into any class...

It boiled down to wealthy people are playing a game, monopoly. Acquiring assists that make them money. Working people just get jobs to make money to pay rent. Wealthy people get jobs that pay them.

And it’s a game they don’t want to share. That’s why it’s not taught in schools.

 

[UpTheMiddlex3Punt]

Kiyosaki is a hack. Dude made up rich dad for his first book and was broke until he published his first book about how he became rich.

 

[Jeffreauxdawg]

Kiyosaki is a hack. Dude made up rich dad for his first book and was broke until he published his first book about how he became rich.

Agree. Kiyosaki is to investment/economic advice as Dr. Phil is to psychological advice.

 

[Msubulldogfan1]

Kiyosaki is a hack. Dude made up rich dad for his first book and was broke until he published his first book about how he became rich.

So what’s the problem? He’s sharing with people how he became rich and his perspective on wealth.

 

[Msubulldogfan1]

Agree. Kiyosaki is to investment/economic advice as Dr. Phil is to psychological advice.

Id like to hear your opinion as to why you feel that way.

 

[UpTheMiddlex3Punt]

Except his perspective on how he became rich is not how he became rich. It's like the ads for those seminars on how to get rich. They'll charge you money for the seminars and use the fact that the people running the seminar have made a lot of money as proof for their seminars working.

 

[Msubulldogfan1]

Except his perspective on how he became rich is not how he became rich. It's like the ads for those seminars on how to get rich. They'll charge you money for the seminars and use the fact that the people running the seminar have made a lot of money as proof for their seminars working.

Acquiring wealth is a process. I think he offers a different perspective on having assists and cash flow than what people typically think. That’s what it’s all about imo. Becoming rich is one thing, slowly acquiring investments that give you cash flow and diversified income, like the game monopoly, is part of it.

 

[mstateglfr]

Anybody ever read the book “fake” by Robert Kiyosaki?

To summarize, when America when totally away from the gold standard, the lower and middle class immediately started separating from the upper class. (There’s a website called “what the 17 happened in 1971 with all kinds of charts and graphs that show this). He explains that this made the value of a dollar just an agreement. Not support by gold, just everybody agrees on the worth.

He says if the middle and lower class United, and started disagreeing with what a dollar is worth, we would have an economic collapse and have to rebuild from scratch. He states the wealthy and those in power do not want this, of course. Nobody with power and money want to part with either. I’m sure that’s the last thing the government wants as well.

So they keep us distracted with racism and such, till they can come up with a solution to this gold standard disaster.

So the first ¾ of this post is spot on. The last ¼ veers off the rails and burns in a flame of ********.

The powerful arent distracting us with racism until they can come up with a solution to the gold standard 'issue'.
Racism isn't a distraction and that is 17ing offensive and ignorant to suggest to anyone who has had to deal with racist remarks and treatment.
Jesus, I can't believe I typed that.

 

[GloryDawg]

To become rich you need a good idea, willing to work hard, the desire not to give up, a lot of trial and error and most of all luck. Has nothing to do with the class system.

 

[Jeffreauxdawg]

Id like to hear your opinion as to why you feel that way.

The obvious answer is he was a nobody that became a world renowned genius after one little break... Going on Oprah. Much like Dr. Phil. But I am bored so I will go deeper.

He advocates that education is a waste of time. He has never disclosed or proven that he actually had any meaningful real estate assets prior to writing his 2nd book. (His first book was a flop called "If You Want to Be Rich and Happy, Don't Go To School.") He basically ***** on his real father by saying he never had a lot of money and wasn't successful (A PhD who ran the education system for the state of Hawaii, a noble profession.)

I read RDPD about 10 years ago. It's a Tony Robbins book for the undereducated. It makes people feel like they can be successful without education and working a regular job. I applaud him for championing the little man, but he's full of ****. He was big-time involved with MLM and weird seminar stuff like EST for most of his life. His book is all about mindset and nothing about the actual process of investing in real estate.

I could continue, but the most massive takedown ever can be found here.

https://johntreed.com/blogs/john-t-reed-s-real-estate-investment-blog/61651011-john-t-reeds-analysis-of-robert-t-kiyosakis-book-rich-dad-poor-dad-part-1

https://johntreed.com/blogs/john-t-reed-s-real-estate-investment-blog/61651331-john-t-reeds-analysis-of-robert-t-kiyosakis-book-rich-dad-poor-dad-part-2

https://johntreed.com/blogs/john-t-reed-s-real-estate-investment-blog/61651587-john-t-reeds-analysis-of-robert-t-kiyosakis-book-rich-dad-poor-dad-part-3

https://johntreed.com/blogs/john-t-reed-s-real-estate-investment-blog/61651907-john-t-reeds-analysis-of-robert-t-kiyosakis-book-rich-dad-poor-dad-part-4

There is a lot to read in those blog posts... A lot. But the quick summary is the blogger is a West Point Grad, Harvard MBA real estate investor and writer. Here's his summary.


Rich Dad, Poor Dad is one of the dumbest financial advice books I have ever read. It contains many factual errors and numerous extremely unlikely accounts of events that supposedly occurred.

Kiyosaki is a salesman and a motivational speaker. He has no financial expertise and won’t disclose his supposed real estate or other investment success.

Rich Dad, Poor Dad contains much wrong advice, much bad advice, some dangerous advice, and virtually no good advice.

 

[Msubulldogfan1]

The obvious answer is he was a nobody that became a world renowned genius after one little break... Going on Oprah. Much like Dr. Phil. But I am bored so I will go deeper.

He advocates that education is a waste of time. He has never disclosed or proven that he actually had any meaningful real estate assets prior to writing his 2nd book. (His first book was a flop called "If You Want to Be Rich and Happy, Don't Go To School.") He basically ***** on his real father by saying he never had a lot of money and wasn't successful (A PhD who ran the education system for the state of Hawaii, a noble profession.)

I read RDPD about 10 years ago. It's a Tony Robbins book for the undereducated. It makes people feel like they can be successful without education and working a regular job. I applaud him for championing the little man, but he's full of ****. He was big-time involved with MLM and weird seminar stuff like EST for most of his life. His book is all about mindset and nothing about the actual process of investing in real estate.

I could continue, but the most massive takedown ever can be found here.

https://johntreed.com/blogs/john-t-reed-s-real-estate-investment-blog/61651011-john-t-reeds-analysis-of-robert-t-kiyosakis-book-rich-dad-poor-dad-part-1

https://johntreed.com/blogs/john-t-reed-s-real-estate-investment-blog/61651331-john-t-reeds-analysis-of-robert-t-kiyosakis-book-rich-dad-poor-dad-part-2

https://johntreed.com/blogs/john-t-reed-s-real-estate-investment-blog/61651587-john-t-reeds-analysis-of-robert-t-kiyosakis-book-rich-dad-poor-dad-part-3

https://johntreed.com/blogs/john-t-reed-s-real-estate-investment-blog/61651907-john-t-reeds-analysis-of-robert-t-kiyosakis-book-rich-dad-poor-dad-part-4

There is a lot to read in those blog posts... A lot. But the quick summary is the blogger is a West Point Grad, Harvard MBA real estate investor and writer. Here's his summary.


Rich Dad, Poor Dad is one of the dumbest financial advice books I have ever read. It contains many factual errors and numerous extremely unlikely accounts of events that supposedly occurred.

Kiyosaki is a salesman and a motivational speaker. He has no financial expertise and won’t disclose his supposed real estate or other investment success.

Rich Dad, Poor Dad contains much wrong advice, much bad advice, some dangerous advice, and virtually no good advice.

Those are fair points, I’ll look into those blogs.

Btw, I’m definitely not advocating this guys is a genius or his word is gold. But I definitely liked his perspective on assets vs liability. I took his education points as education is not a waste of time, but what you educate yourself with is what’s important.

In a roundabout way, all the financial guys say the same thing. It’s about spending less than your earning, in any scenario. I’ve seen some investor/investor groups testify the way he views investments has been a big positive influence on them.

 

[EngDawg]

Nothing in the thread is new or insightful. Adam Smith laid out the concept of value and its creation over 200 years ago. It’s all out there for people to read if anyone actually cared to.

 

[horshack.sixpack]

The only thing that would make this better is an argument further tying it to the increased use of Bible translations other than King James...

 

[Msubulldogfan1]

So the first ¾ of this post is spot on. The last ¼ veers off the rails and burns in a flame of ********.

The powerful arent distracting us with racism until they can come up with a solution to the gold standard 'issue'.
Racism isn't a distraction and that is 17ing offensive and ignorant to suggest to anyone who has had to deal with racist remarks and treatment.
Jesus, I can't believe I typed that.

It comes down to this imo. Is all this orchestrated? If you don’t believe there is nothing deeper and you scoff at conspiracy theories, that’s fine. There may not be.

I think it is good practice, though, to question any and everything.

 

[mstateglfr]

It comes down to this imo. Is all this orchestrated? If you don’t believe there is nothing deeper and you scoff at conspiracy theories, that’s fine. There may not be.

I think it is good practice, though, to question any and everything.

Oh I'm a firm believer in questioning everything. Its a fault, to the point that it annoys managers/gms and sometimes my wife.

Racism existed before we moved off the gold standard. There were protests against it before we moved off the gold standard.
Claiming racism and the effects of it are now around because powerful people don't want us to rise up over rising income gaps or a widening wealth gap is unfounded.

 

[paindonthurt_]

Obviously having family money helps.
Makes it easier to risk. If you lose, you still have money. If you win, you have more.

But your point remains and is the beauty of America.

 

[GloryDawg]

Obviously having family money helps.
Makes it easier to risk. If you lose, you still have money. If you win, you have more.

But your point remains and is the beauty of America.

You take on LLP's. Use their money not yours.

 

[Msubulldogfan1]

Oh I'm a firm believer in questioning everything. Its a fault, to the point that it annoys managers/gms and sometimes my wife.

Racism existed before we moved off the gold standard. There were protests against it before we moved off the gold standard.
Claiming racism and the effects of it are now around because powerful people don't want us to rise up over rising income gaps or a widening wealth gap is unfounded.

I don’t think it’s as unfounded as you think. It’s a fascinating little research dive if you have free time. You start digging into the Illuminati, the Masons, secret annual meetings between world leaders. If you go to the website I linked, and browse through some of the charts, moving from the gold standard certainly triggered something. It’s undeniable.

I’m not saying racism doesn’t exist, of course it does. There’s a lot of bad **** that exist, it’s the scale at which it’s covered and pumped through the media that’s in question. Is it a slight of hand trick. Shine the spot light directly on a topic that keeps the masses divided on social issues...rather than economic. Could you acknowledge that’s plausible?

 

[mstateglfr]

I don’t think it’s as unfounded as you think. It’s a fascinating little research dive if you have free time. You start digging into the Illuminati, the Masons, secret annual meetings between world leaders. If you go to the website I linked, and browse through some of the charts, moving from the gold standard certainly triggered something. It’s undeniable.

I’m not saying racism doesn’t exist, of course it does. There’s a lot of bad **** that exist, it’s the scale at which it’s covered and pumped through the media that’s in question. Is it a slight of hand trick. Shine the spot light directly on a topic that keeps the masses divided on social issues...rather than economic. Could you acknowledge that’s plausible?

I get the idea of placating the masses, and this theory is quite similar.
Take things that keep the commoners from really thinking about their situation and push those distractions to keep the commoners busy and happy.
In this instance, its keep the commoners busy and focused elsewhere.

Sports is a common topic for placation of the masses. Religion is another common topic that is claimed to be a way to keep everyone busy and not focus on what's important(disclaimer for the Bible thumper I'm not suggesting religion isn't important, just repeating a theory).

Sure, racism could be another way to distract the masses. The beauty of conspiracy theories is there's just such a little possibility to refute the theory that itd then demanded that the theory is possible.
So yeah, I can't prove racism isn't a being used as a distraction from the discussion of the value of money.