Photo Courtesy Richdad.com
In 2002 a book written by Robert Kiyosaki entitled, Prophecy: Why the Biggest Sock Market Crash In History Is Still Comming… and How You can Prepare Yourself and Profit from it!
This book was written by Robert Kiyosaki author of the best seller Rich Dad Poor Dad. He talks about in this book (written in 2002), about the economic events that are happening now in 2008. I read this book in 2004 and was not sure if I believed all of it, but I kept the ideas back in my mind. From that point on I have been diligently studying economic trends, with a strong concentration in real estate cycles. The main point of the book is that in 2002 he saw the stock market crashing, like it is doing today (2008), and he provides reason for this market crash and he also discusses what practical things people need to start doing to prepare for this collapse in the economy.
In 2002 he made the following predictions in
his book that you might consider:
1. Millions will be left destitute in old age.
2. Medical care will get even more expensive.
3. Terrorism will increase.
4. Japan, currently the world’s second largest economy, is on the brink of financial collapse and depression.
5. China will become the world’s largest economy.
6. The world population will continue to age.
With that said, this blogs intention was to reiterate some of the previous blogs I’ve been posting about the split between the Rich and Poor in America, and the U.S economic collapse. I have a quote from Robert Kiyosaki’s from this book Prophecy , in his own words:
“One thing is for certain, he gap between the haves and have-nots in America and the world will definitely widen. Those who move with these global changes will become richer than ever before.”
-Robert Kiyosaki
Prophecy (2002).
I’m ready for this are you?
+Baker
Beyond Success! 
Thanks for sharing all that you do!
How are you ready and how do you meet the challenges of today and tomorrow?
I do so by finding security and worth beyond material possessions and money without excluding them but enlarging the possibilities of what prosperity, wealth and abundance are on a personal and collective level. D a r i n a
This book is absolute dynamic. It has helped me understand the economic crisis that are happening right now, as well as how to prepare for what’s going to happen in the future. I highly recommend this book.
– Mayur (http://mayurgudka.wordpress.com)
The book is helping me much though our Zim economy is going down and i am always on a close look on our stock exchange to determine the best times to invest. I also highly recommend this book.
Wow +Baker! He is the modern Nostradamus isn’t he?
TRANSLATION PLEASE!!
@bob francis
This book written by Robert Kiyosaki “Prophecy” Was written in 2002 about what is now happening and will continue to happen in the Economy. I don’t know if you have an understanding of what is really happening in the economy, other than what they say in the nightly news. Let me know how you understand how things are happening. That will allow me to answer your question better.
Thank you.
+Baker
Kiyosaki predicted a stock market crash, but for a completely different reason than what is stated in his book. He is now taking credit for predicting this crash, but I personally heard him say that “this crash came much earlier than I thought”. His book is based on the concept that baby boomers will need to take out their 401k money from the stock market because of legal requirements and everyday expenses. This is supposed to happen in 2011. His book does not focus on devastating credit squeeze, toxic financial instruments, overleveraged assets and trading, a real estate crash, etc. I think he got lucky that this happened earlier than predicted. The market is reallly going to tank when the boomers start to take out their 401k cash – this is the true reason for Kiyosaki’s crash prediction.
The purpose and mission of Robert Kiyosaki is aimed to help people achieve economic success and stability. Robert Kiyosaki has a certain style in motivating, and his attitude towards money is defiant and pro-active. These values have found its way into his many books of the Rich Dad, Poor Dad series, and in their deliverance has helped many people understand how to make money work for them.
Ha! The last quote “I’m ready for this, are you?” was a real cliffhanger my friend! Loved it and Robert definitely did his research. Great Blog!