The Prophecy by Robert Kiyosaki

Hi Robert,

I haven't read "The Prophecy".... I understand, though, that he mentions a big depression in the USA after 2008 or 2010 or so....

A depression around that date has been predicted by Harry S. Dent for a over 10 years now, on the basis of demographics. The recent economic "boom" we've had has been driven by Baby Boomer spending (both for themselves and for their kids) from the money and assets they've accumulated over 20-30 years of working.... As more Boomers retire, they will spend less (since they'll have less disposable income) and the economy will decline....

I gave a summary of some of this in these posts....

http://www.sowpub.com/cgi-bin/forum/webbbs_config.pl?read=3719

http://www.sowpub.com/cgi-bin/forum/webbbs_config.pl?read=3726

I haven't read Robert Kiyosaki's "Prophecy" book, so I don't know what extra he might add to what Harry S. Dent has covered in his books....

- Dien Rice

Hi Dien

>The recent economic "boom" we've had has been driven by Baby Boomer
>spending (both for themselves and for their kids) from the money and assets they've accumulated
>over 20-30 years of working.... As more Boomers retire, they will spend less (since they'll have less
>disposable income) and the economy will decline....

This theory don't hold water. The "boomer" will be spending less, but they will be spending.
Their kids ( two kids each) are now grown spending most of their money on themselves and their
kids, and the economy will increase.

As for a depression, that not hard to figure out, look for one every 70 years . . . 1932 plus 70
years equal 2002 . . . . the one after that 2072.

Regards,
D.R.(Don)McArdle

I think what Dien predicts is possible if it went unchecked. It isn't any secret that the North American population is on a decline as families are not having as many children as they did years ago.

I think Don's theory is valid as well... but both theories need a little more "rounding out."

The government here in Canada is studying the situation. A declining population means less tax payers -- and we can't have that, you know. So the government is doing studies on supplementing the declining, aging population with immigration.

Their studies show them how many thousands per year they need to bring in. A report by the CBC suggested that if current immigration laws or security laws didn't permit it, then the laws would be changed.

I expect Australia and the US to probably have a similar strategy.

Best Regards,
Steve MacLellan


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