Could it be that the intentions of Gaddafi of introducing the Gold dinar and using it to sell his crude oil , could that been the real cause that triggered the war in Libya , Gaddafi was urging the African nations and the Arab league countries to introduce a unified currency backed by gold called the Gold Dinar , which will be used instead of the US Dollar in oil and commodities trade , that would have been a death sentence of the US Dollar which is backed by nothing . Libya has 144 tons of gold....
Related ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) SPDR GOld ETF (GLD), Powershares DB SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), GoldCorp (GG)
Thursday, May 5, 2011
Are you a Winner in this economy by Robert Kiyosaki
Robert Kiyosaki : “.... You generally need 'A’ one credit if you are going to a traditional banker and it’s good to have 'A’ credit; but it’s not an excuse for not having it. There is a loan for everybody. You can buy a dodge truck with bad credit. The whole economy since 1971 has been based on debt; so our dollar bills are no longer money our dollar bills are now debt. For this economy to keep expanding, they need more and more people who are willing to go into more and more debt, which is why there is going to be a massive crash. It can only go so far.”
Robert Kiyosaki describes those who will win in the current economy. What type of characteristics should we look for as we seek to identify potential partners in business?
Rich Dad Poor Dad is the story of Robert Kiyosaki's financial education. He had two 'dads' - one his real dad, who was poor, and the other, his best friend's dad, who was on his way to becoming a very rich man.
Robert Kiyosaki describes those who will win in the current economy. What type of characteristics should we look for as we seek to identify potential partners in business?
Rich Dad Poor Dad is the story of Robert Kiyosaki's financial education. He had two 'dads' - one his real dad, who was poor, and the other, his best friend's dad, who was on his way to becoming a very rich man.
your money is worth less and less
Robert Kiyosaki : “... What I see more is like the Paso crisis of 1990, the Asian crisis and the Russian crisis. It’s happening right now. The dollar versus the Euro is 120 and going to 134. The world is saying your cash is trash. It’s good for the economy because it makes our products more affordable--- which is not bad, it’s just when you go over seas, and I remember when the Euro was 85 cents to one dollar and now it is 1.20 to a dollar; so that’s a 35 percent swing in less than two years – that’s massive! What this means is that you will have to start paying more to live because your money is worth less and less. That’s why I am in gold because the more Bush runs up the deficit, the richer I get because I am in gold. Gold was at 4.09 an once this morning, and I have a million and a half shares in one gold mining company and everyday it goes up a buck, I make another million and a half bucks – that’s leverage! You have to learn how to play both sides of the fence.”
Rich Dad Poor Dad is the story of Robert Kiyosaki's financial education. He had two 'dads' - one his real dad, who was poor, and the other, his best friend's dad, who was on his way to becoming a very rich man.
Rich Dad Poor Dad is the story of Robert Kiyosaki's financial education. He had two 'dads' - one his real dad, who was poor, and the other, his best friend's dad, who was on his way to becoming a very rich man.
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