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"Conspiracy of the Rich" By Robert Kiyosaki - A Review

September 17, 2010 | Comments: 0 | Views: 82

Robert Kiyosaki launched his recent book as a viral event by having chapter by chapter released online and collecting comments from readers. The end result is a physical book "Conspiracy of the Rich: The 8 New Rules of Money".

Judging by the stream of traffic flowing to his website and comments from readers, it has not put the world alight, but worked fairly well.

Robert Kiyosaki is best known as author of the best-selling book "Rich Dad, Poor Dad" and ever since that book came out in 1997, he and his colleagues, has just held publications to come.

The controversy over the years has focused on Kiyosaki's view that your house is not an asset (instead it is an obligation, because it takes money rather than makes money) and that mutual funds are unsafe and losing investments.

You can say that by the time he writes this book in 2009 his views have, at least in part, been shown to be accurate.

Kiyosaki was controversial in 2002 when he came out with Rich Dads Prophecy predicting a crash. His assertion that the demographics of the Baby Boomer generation and the laws of their retirement investments would lead to a heavy crash in the stock market when they stopped working and began living off their investments. He predicted this to be sometime from 2010 onwards, and it seems to be panning out.

However Conspiracy of Rich is his strongest statement literary statement yet.

Kiyosaki is at both vivid and scathing; from the Introduction "The Root of All Evil", to the later section on "Hijacking of the Education System", where he compares the US to wartime Vietnam or the shanty towns of Cape Town in South Africa.

His message continues, "Today, those who have a strong financial education have an unfair advantage over those who do not."

As always, Kiyosaki is speaking in general terms, using stories and metaphors (such as the tale of the big bad wolf and the three little pigs). He also references much from his previous books. In fact, every one of his eight new rules can be found in his earlier books.

But this book also has more hard and relevant facts, and more solid warnings than ever before.

For example, in Chapter 10 he explains exactly why the recent chaos has been followed by seeming stability. The graph shows that he is instead of green shoots, are we merely in the eye of the hurricane, and Lehman Brothers etc or worse is set to occur again, he predicts, within the next two years.

Chapter 12 shows that the U.S. stock market low on the Dow of 6547 in 2009 is no bottom, and that there is still much lower to drop.

A consistent criticism of Kiyosaki is that he is very repetitive. This book keeps the same style as the previous ones. Kiyosaki response is that repetition is a part of learning, and I'd agree.

A few months ago I went back and reread Cashflow Quadrant, and was surprised at how much I felt that I was not even to pick out all those years ago when I first read it.

Personally, I ended up after much of Kiyosakis path to riches. I'd prefer say its because I've followed his advice but in reality its more because my experiences have agreed again and again with his messages.

If you just want the guts of the "Conspiracy of the Rich" you can read the final Chapter 12 "If I Ran The School System", but there are enough interesting stories in this book to make it worth reading all the way through.

If you are familiar with Kiyosaki's most important books, and you understand fractional reserve banking, Fiat currency and the notion that the Federal Reserve is not federal or U.S., it has no reserves, and it is not a bank, then you can get the few extra nuggets pretty quickly.

If you are new to Robert Kiyosaki, or have not encountered Austrian economics (a term never used in the book) then it is both a treat, and a mental work out. More than any other of his books this one covers a lot of territory for the newcomer. This is also one of his most fundamental books about money and general financial skills, and deserves to be read broadly.

Author Martin Russell discusses marketing and online strategies at

Source: EzineArticles
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Robert Kiyosaki Review

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