From the author of Conspiracy of the Rich: The 8 New Rules of Money, Robert Kiyosaki
I’ve read this wonderful article about Forex Traders surprisingly from Robert T. Kiyosaki who always talks about Passive Income and being a Investor. And now wishes that he likes to be one of the FX Trader. Well, here is his article.
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As Robert writes,
I’m sitting in Marina Del Rey, California, reading the October 5th, 2010 Financial Times. The headline on the front-page blares, “Call For New Global Currencies Agreement”. This headline is indicative that there is a full-blown money war going on.
In Conspiracy Of The Rich: The 8 New Rules of Money (COR) I wrote about governments playing games with money. Well, today’s headlines are validating what I wrote—but now governments have moved from games to war. Presently, nations are devaluing their money. Why are they doing this? The answer is that if they don’t devalue their currency, their exports will grow too expensive and unemployment will rise. But devaluing a currency means people suffer because a weak currency causes inflation, which makes life more expensive.
So, the choice is do you want a job or do you want inflation? What a great choice.
The leaders of the world are calling for a currency pact to stop this money war. But I believe a currency pact will never happen. Currency pacts have been tried before. In 1985, there was the Plaza Accord. At this meeting, world leaders tried to fix and stabilize exchange rates. The moment the government leaders set phony exchange rates, the independent foreign exchange traders (FX), swooped in and punished the foolish government leaders and their phony exchange rates.
If our new leaders attempt a similar Plaza Accord, the FX traders, who owe no allegiance to any government, will once again punish government leaders for their foolishness. In other words, the war of money is going on between countries as well as independent FX traders throughout the world. I’m not a FX trader, but it’s a great time to be one. Fortunes will be made off of foolish government leaders. Years ago, George Soros made a billion dollars betting against the idiots who ran the Bank of England. Today, another billion dollar, pound, euro, or yen pounding is on the horizon.
The problem is that the losers in this battle of banks and FX traders are the average citizens who know nothing about the world of money or the money war. In the next few years, if their leaders lose, these average citizens will be earning less, paying more in taxes, and paying higher prices as inflation seeps into their economy. In the mean time, the financially educated will do better, make more money, and enjoy a better life.
- Robert Kiyosaki
P.S. I’m in Marina Del Rey inspecting my new boat, which just arrived from France. I purchased a new boat because there is a money war going on. Kim and I got a great price, nearly 30 percent off last year’s price, and an excellent, low interest rate financing. To make the boat a better deal, the US government gave us an 80 percent tax deduction in the first year, and 20 percent more in two years. It’s almost a free boat.
I write about my boat with hesitancy because it’s never cool to appear to brag while people are struggling financially. I use my sailboat boat as a real-life example of how the war of money is good for a few people—but only if you understand the war of money.
In the meantime, the US accuses China of playing games with money, and China just smirks. The US wants China to increase the value of their currency so the US can export more to China. China knows if they strengthen their currency, there will be a rise in unemployment in China. So, the world suffers as two giants accuse the other of playing games.
In my opinion, it’s the US that’s the biggest game player in the world. I’m glad we are because it makes my boat even more affordable. Too bad only a few people know about the money war and how to win it. I trust you’re enjoying this time of financial insanity and profiting from the war of money. Most importantly, I thank you for supporting COR.
P.S.S. The Wall Street Journal October 4, 2010 headline reads: “Central Banks Open Spigot”. This means the central banks of the world are printing money at high speed. The talks are over. Again, this means life is becoming more expensive for people. Savings are being devalued. And my boat is less expensive because I purchased it with debt.
As I stated in COR, today savers are losers and debtors are winners—but you must be smart when borrowing money. The boat is for a charter business, which means the people that rent the boat pay the debt, not me.
Thanks & Courtesy: Robert T Kiyosaki
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