Comments on: Are Savers Losers? Or, is Robert Kiyosaki For Real? http://www.automaticfinances.com/robert-kiyosaki/ Money management for the 21st century Tue, 07 Feb 2012 06:31:05 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Jason Unger http://www.automaticfinances.com/robert-kiyosaki/comment-page-1/#comment-7424 Jason Unger Fri, 26 Feb 2010 21:16:15 +0000 http://www.automaticfinances.com/?p=1631#comment-7424 PS - more on Robert Kiyosaki on Monday. PS – more on Robert Kiyosaki on Monday.

]]> By: Jason Unger http://www.automaticfinances.com/robert-kiyosaki/comment-page-1/#comment-7423 Jason Unger Fri, 26 Feb 2010 21:04:51 +0000 http://www.automaticfinances.com/?p=1631#comment-7423 I don't have any problem with the legitimate facts in the case (inflation, currency, etc.), my issue stems from his conclusions: that it's a bad idea to save, and in particular, save cash. Cash may be worthless in the sense that you can only get for it what other people will give for it, but that's the same thing with everything else he's describing: oil, gold, etc. It's the standard that we go by, and until that changes, it's bad advice to tell people to bet against it. And finally, there's no such thing as a "new rule of money." The rules haven't changed, and it's misleading to tell people they have. I don't have any problem with the legitimate facts in the case (inflation, currency, etc.), my issue stems from his conclusions: that it's a bad idea to save, and in particular, save cash.

Cash may be worthless in the sense that you can only get for it what other people will give for it, but that's the same thing with everything else he's describing: oil, gold, etc. It's the standard that we go by, and until that changes, it's bad advice to tell people to bet against it.

And finally, there's no such thing as a "new rule of money." The rules haven't changed, and it's misleading to tell people they have.

]]> By: Investor Junkie http://www.automaticfinances.com/robert-kiyosaki/comment-page-1/#comment-7419 Investor Junkie Fri, 26 Feb 2010 18:08:14 +0000 http://www.automaticfinances.com/?p=1631#comment-7419 Ok I'll bite, what's wrong with the video? I can understand you may not agree with Roberts conclusion (which is Austrian School of Econ), but the facts he states are correct. Ok I'll bite, what's wrong with the video? I can understand you may not agree with Roberts conclusion (which is Austrian School of Econ), but the facts he states are correct.

]]>