Uncovering The Conspiracy Of The Rich
Robert Kiyosaki, one of my favorite personal finance writers, is working on a new book and it’s a doozy. The concept behind it is fascinating, which should come as no surprise because Kiyosaki knows two things: innovation and publicity.
This is a perfect example: he’s “crowdsourcing” the book, called Conspiracy of the Rich, by allowing people to read it for free and submit their own questions and comments.
It’s a great idea and I’ve read the intro. It contains Kiyosaki keen insights on personal finance, most of which make great sense.
Kiyosaki, though, is less believable as an economic historian. His treatise on the gold standard is incomplete and, quite frankly, pandering. It’s easier to buy into some thing or entity–a gold standard, the federal reserve, whatever–determining your lack of success, rather than your own dumb moves (yours truly included ) and your inability to elect anyone but incompetent officials who hand over money to a string of lost causes.
Conspiracy of the Rich is also muddied by his tendency to rely on generalizations. It’s a rhetorical trick, of course. I just used it to describe the government, but he paints with a broad brush: bankers are thieves, the financial markets are casinos, the rich are evil, etc. etc. Obviously, this is false. Bankers, like the rest of humanity, are neither heroes or swine. (And this from the guy who wrote “Why We Want You To Be Rich” with Donald Trump, by the way.)
His notion that the rich “print money” whenever they need it, should use some fact checking or at least some context, too. The government often prints money at the behest of a clamoring, fiscally-irreverent populace and business community who want bailed out or protected or a funny-money check to buy a new flat screen TV.
That being said, I’ll keep checking in on the progress of this book-writing experiment. He may be planning to address some of these issues.
Who knows, maybe one of my comments will make it in the book?
Related posts:
- Conspiracy of the Rich: A Collective Intelligence Book
- Conspiracy of the Rich
- Rich Dad, Poor Dad Complaints
- Rich Dad-Wrong Dad: The Case For and Against 401 (k) Plans
- Why Being Cheap Doesn’t Mean Being Rich
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