New Book

by The Good Life on November 17, 2009

in Uncategorized

This is the new book I am reading from the guy who brought us Rich Dad, Poor Dad Mr Robert Kiyosaki. Its presents 8 basic conspiracys including the fact that a bank can never go bankrupt, due to government intervention, and that since the dollar was taken off the gold standard in 1971 it started inflation which created the bubble which burst last year.
This in turn created a lot of supposed wealth which has meant that whilst people feel richer, infact they are less well off now, because of the consumer soceity it has created and that now everything is financed by bad debt. Part of the book also focuses upon the slide from Capitilism towards socialism we are seeing today with banks such as RBS being 87% state owned.

In 1997 with Robert Kiyosakis first book he created a huge debate when he stated that your house isnt an asset. If the house is a rental or something which puts money in your pocket it is an asset, however, if your aiming for your house to go up in value, (when it can of course go down aswell) you run the risk of falling into negative equity, something until this recession was relatively unheard of.

This is a great book, easy to read and of the 3 I have about the credit crunch this is easliy the best and most reader friendly. Check it out…

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