The Prophecy by Robert Kiyosaki

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


homebusiness-websites.com

Interesting thoughts.

I continue to be stunned at how far the human race has come in spite of this slavish insistence on learning the hard way! I just wonder how far we COULD have come:-)

It comes into my mind so often when I talk with my kids (age 22 and 21). So often I hear them say "but I have to find out for myself". WHY do they have to find out how to be broke from personal experience? WHY do they have to find out that if they get caught speeding it's expensive? WHY do they have to find out that smoking makes them sick?

It just stuns me. And no "but I bet you were the same" please - of COURSE I was the same! That's my point. As a species, just think where we could be if we just stopped doing this!

Best
Philip

> I go to Borders and B&N to browse books. I
> have
> the best bull**it detector. Most books are
> fluff and tell you things like a 10 your old
> should know. I don't print money hence I
> don't buy things unseen. I have learned my
> investing secrets via "the hard
> knocks" not by books.I have been an
> exchange member, and I trade for a living.
> Books don't teach you everything hence my
> mentoring program. But why not read the real
> meat on this guy I have shown you in my
> prior post?

By the way - I am SO happy that my wife's orthopaedic surgeon got his nose in a few books, reads every paper he can lay his hands on and DIDN'T learn from trial and error!

P

Robert:

My opinion in that thread was...

John Reed is manipulative in his arguments - even if what he is trying to say has merit.

Robert Kiyosaki is not a real estate guru and never claimed to be one. He does have valid things to teach/say about money.

Take what you can use and discard the rest.

Michael Ross


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