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    Rich Dad’s Advice For 2021

    Robert Kiyosaki on building wealth in an uncertain future
    by Adam Taggart

    Friday, December 4, 2020, 10:58 AM

Robert Kiyosaki, author of the #1 best-selling personal finance book ever, Rich Dad, Poor Dad, is very concerned about 2021.

He believes that America is suffering from great social division largely caused by the unfair policies of the Federal Reserve which is picking who wins (the already rich and powerful) and who loses (everyone else) in today’s society.

As a former marine who fought for the American ideals of freedom and fairness, Robert is concerned that the US is fast losing both.

And the damage done to the economy, throwing tens of millions of households out of work and decimating many small businesses, is only making the situation worse.

Having this struggling economy paired with financial markets at historic levels of over-valuation, Kiyosaki fears it’s going to be rough going for those looking to build wealth from here. Which is why he thinks developing financial literacy and creating income streams that you control are more important than ever.

And Robert agrees with Peak Prosperity’s outlook that now, more than ever, is the time to partner with a financial advisor who understands the risks in play, can craft an appropriate portfolio strategy for you given your needs, and apply sound risk management protection where appropriate:

Anyone interested in scheduling a free consultation and portfolio review with Mike Preston and John Llodra and their team at New Harbor Financial can do so by clicking here.

And if you’re one of the many readers brand new to Peak Prosperity over the past few months, we strongly urge you get your financial situation in order in parallel with your ongoing physical coronavirus preparations.

We recommend you do so in partnership with a professional financial advisor who understands the macro risks to the market that we discuss on this website. If you’ve already got one, great.

But if not, consider talking to the team at New Harbor. We’ve set up this ‘free consultation’ relationship with them to help folks exactly like you.

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32 Comments

  • Fri, Dec 04, 2020 - 1:23pm

    #1
    brushhog

    brushhog

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    8

    It's all going to pot...

    ...whether we like it or not. As far as I can tell, the world's gone to hell, and we're all going to miss it alot.

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  • Fri, Dec 04, 2020 - 4:00pm

    #2
    Mohammed Mast

    Mohammed Mast

    Status: Platinum Member

    Joined: May 17 2017

    Posts: 1392

    5

    Advice to Millennials

    Stack Sats

    You want to build wealth? Educate yourself about Cryptocurrency.

    You are not going to build wealth in real estate starting from scratch. You are not going to build wealth in the stock market starting from scratch. The chances of building wealth NOW by being an entrepreneur? ROTFLMAO.

    Move in with your parents. Stack Sats. Sell your parents furniture on Craigslist, Stack Sats. Study DEFI. Make sick amounts of money.

    Look in rearview mirror.

    I was glad to hear him mention BTC. Of course that garnered zero response from AT. Big surprise there. lol

    STACK SATS- then buy real estate for pennies on the dollar

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  • Fri, Dec 04, 2020 - 4:53pm

    jvanname

    jvanname

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    jvanname said:

    "Educate yourself about Cryptocurrency."-Didn't you recently call Bitcoin mining "military grade encryption"? Bitcoin's mining algorithm is an example of something called a cryptographic hash function. Cryptographic hash functions are not used to encrypt. You are the one who needs to educate yourself about cryptocurrency.

    By the way, people who stack sats are precisely the people who are uneducated about cryptocurrency because Bitcoin attracts uneducated people with its mining algorithm that was never designed to advance science. It is quite sad how people who promote Bitcoin are simply appealing to people's greed and hatred for science.

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  • Fri, Dec 04, 2020 - 5:49pm

    #4
    Mike Anderson

    Mike Anderson

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    1

    The Austrian school of economics

    It gave me a smile of realization to hear him say the Austrian school of economics was founded on principles from Thomas Aquinas. On the face of it this contradicts what I wrote three weeks ago, but it actually supports a broader theory I’ve been thinking about for years, that there will first be a renaissance of Austrian economics before the WEF/NWO authoritarian dystopia, since the same group seems to control both sides. I’ll just leave that as a speculation and not give my reasons, except to say that each side would get something like what they are looking for in order to manufacture consent and cull memes.  A more complete analysis would involve a lot of observations on religion.

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  • Sat, Dec 05, 2020 - 8:03am

    #5

    Beckett Bennett

    Status: Silver Member

    Joined: Feb 06 2011

    Posts: 114

    11

    The Poor Are Not Lazy

    Mr. Kiyosaki “if your smart you will get rich if your stupid you’ll get poor”.

    This statement was a belief wrapped in a joke at which both Robert and Adam chuckled at.  Mr. Kiyosaki provides valuable education and has helped many.  Certainly no malice was intended by Robert or Adam.  However, today there are many people unemployed, many who have lost businesses and many facing homelessness.  Circumstances forced on people making them poor and desperate. Seemingly innocent remarks can be a catalyst for defeat, depression and suicide.  No one wants to be poor and the poor are not stupid or lazy. Many have to work multiple jobs to survive.

    I have, in the past, been banned for my defense of the poor (my perspective) but as a society, I believe, our demise will be inequality.  My heart aches because I do not think people understand how egregious the harm is by such beliefs as the one stated above.  Yes, I am an odd duck and too sensitive but I have an over abundance of compassion and people are hurting.

    For anyone reading this who feels desperate, defeated and suicidal please call the national suicide hotline at.  (800)273-8255.  Poverty is a form of control by the elite and powerful, it’s not a result of a lowly class of stupid people.

    AKGrannyWGrit

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  • Sat, Dec 05, 2020 - 5:31pm

    Brady

    Brady

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    Brady said:

    This is a common Kiyosaki sentiment that, to anyone not familiar with his shtick, can sound demeaning and elitist. His passion is education and motivating people to attain financial literacy in order to level-up. The terms "smart" and "stupid" that he used refer specifically to the broader context of financial literacy.

    I believe he meant, "Starting with a bit of wealth in these uncertain times without financial education, that wealth will be lost; but with financial literacy will come increased wealth." (Granted, it's not as pithy or hard-hitting as the original. 🙂

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  • Sat, Dec 05, 2020 - 6:30pm

    Mohammed Mast

    Mohammed Mast

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    Agree Brady

    There is a very large difference between smart and "financially smart" . It is why people who win millions in the lottery end up broke. I have met some pretty stupid people who just know how to make money and keep it. It is a different form of intelligence.

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  • Sat, Dec 05, 2020 - 6:54pm

    #8

    Beckett Bennett

    Status: Silver Member

    Joined: Feb 06 2011

    Posts: 114

    3

    Brady and Mohammed

    Thank you for sharing your perceptions!

    Normally the comment that was made,  I would have taken as benign a colloquialism if you will.

    But as I watch the evening news a favorite diner my husband and I go to, as well as other family members was featured on the evening news. Here, all bars and restaurants are closed for all of December except for outdoor dining and takeout. It is currently 1 degree outside, too cold for outdoor dining.  The owner of the diner doubts he will survive this lockdown.  And many other businesses are forced to work at substantially reduced capacity.

    I am able to empathize with with the owner of the business.  How about you? Can you imagine loosing your business, your income and the knowledge that suddenly you are unable to provide for your family like you did in the past.  How would your self respect do?  Confidence?  Faith in the future?  Would the stress affect your marriage, plans for kids braces, college or those truck repairs?

    Our national motto should NOT be “I am doing fine - it sucks to be you”.

    AKGrannyWGrit

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  • Sat, Dec 05, 2020 - 7:35pm

    Mohammed Mast

    Mohammed Mast

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    1

    Everyone has an opinion

    Along with certain bodily parts.

    None of what you posted has anything to do with Robert Kiyosaki.

    You have your issue. We get it.

    It actually sucks to be an Amerikaan.

    1 Degree too cold to eat outside?

    Hahaha It's Alaska. That is balmy. Toughen up

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  • Sat, Dec 05, 2020 - 9:15pm

    #10
    Steve

    Steve

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    When is enough Enough for you?

    I see you are promoting RK's investment advice as an answer to wealth inequality. I just want to point out something I feel strongly about. I attended one of his wealth building workshops years ago where he and his staff promoted the idea of maxing out credit (cards and all) in order to buy housing with 'other peoples money' in order to make big bucks in real estate investment. I suspect it works for all the wrong reasons and it contributes to the wealth inequality we see today. A home is ones main source of financial security. If investors are scooping them up on the scam using multiple credit cards just to make the down payments and fool the loan agents, or if Blackrock is out there buying everything nailed to the ground, it creates unfair competition for the average new home buyer. They have no chance when there are multiple offers all in cash often the day of if not before the listing. This just plain sucks. The 'haves' get in and build their wealth, then go on to bonds and stocks to make it bigger. The rest of the workin' man types, are squeezed out of home ownership, and they cannot get ahead. Then the greedy landlords, not satisfied with wealth on paper, start raising rent to generate more income for themselves..... to do what?... oh yes make another down payment on another house they will never live in. It is a travesty that our tax code allows investors to write off mortgage and proper tax on all their properties. This should only be allowed on one home. That would put a damper on this scam that is a major contributor to the wealth gap. I hope you share my concerns with the PP readers. I bet many view the real estate investment game as a win-win, not realizing how it messes so much up in America.

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  • Sun, Dec 06, 2020 - 4:48am

    Mohammed Mast

    Mohammed Mast

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    Steve

    I would suggest the number of people "maxing" out their credit cards to buy real estate is minimal. I have been a real estate broker for 35 years and never met anyone who did that. I have invested in numerous properties and never did that.

    That said using legal means to raise money to invest in real estate is called Capitalism. Your solution of using the tax code to prevent real estate investment is totalitarian socialism.

    I suggest you study the social engineering of the last housing bubble and the effects of government interference

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  • Sun, Dec 06, 2020 - 5:13am

    #12
    Mohammed Mast

    Mohammed Mast

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    Kiyosaki Owns Bitcoin

    Found this video of Kiyosaki talking about gold , silver and BTC.

    A lot of it is political, but at the end he says he bought BTC at $9000

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  • Sun, Dec 06, 2020 - 5:55am

    #13

    Beckett Bennett

    Status: Silver Member

    Joined: Feb 06 2011

    Posts: 114

    8

    Mohammed you missed Steve’s point

    Steve started out - “I just want to point out something I feel strongly about.”

    Steve was sharing his valid perspective.  I would suggest that an approach of seek to understand certainly encourages a diverse conversation.

    Instead “I have been a real estate broker for 35 years and never met anyone who did that. I have invested in numerous properties and never did that.”  Also, “Your solution of using the tax code to prevent real estate investment is totalitarian socialism.” These say “ I am right and you are wrong.

    And lastly - “I suggest you study the social engineering of the last housing bubble and the effects of government interference”. You tell Steve to go educate himself.  Message - I am smart your not.

    What would have been wonderful to see is this -

    Steve I see you joined in 2012 and this is only your second post.  Thank you for sharing something you feel strongly about.  My experience as a real estate has been different than yours but your experiences have provided a unique view that have created strong feelings.

    Instead, as often is the case here, the message is I am right, I am smart, and you need to see the world my way.

    There are a handful of copious posters here who grace the site with their superior intellect, the proper view of the world and the correct supporting data.  Unfortunately, when people post and say “I have a strong feeling about something” they are often criticized and demeaned.  I know this only too well.  This site is ever so much richer when diverse voices, opinions and perspectives are allowed to be shared rather than shut down.

    Here is a novel idea - lets be kind when people share ideas.  Enough of the continual “I am right and you are wrong” chest thumping.  I for one would like to hear more from Steve.  And Steve your perspective has merit and is just as valid as anyone’s.

    AKGrannyWGrit

     

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  • Sun, Dec 06, 2020 - 8:03am

    timot78

    timot78

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    Good for a while

    This is a good advice – but with some limitations.  If one really wants to look forward, one has to be aware of  the upcoming Quantum Computing revolution.   https://science.sciencemag.org/content/early/2020/12/02/science.abe8770

    China puts out some scientific papers and announces breakthroughs (https://www.bloomberg.com/news/articles/2020-12-04/chinese-scientists-claim-breakthrough-in-quantum-computing-race), Google – which is the world “leader” does not announce anything.  One can be assured that the public will only learn about QC several years after this technology has been implemented at NSA.  An obvious target:  crypto private codes (including BTC).  So, is DeFi, i.e. blockchain DLT, a bullet proof technology – maybe for a couple of years more…

    Worth of following the developments here because nothing is static.  A good introductory article here: https://www.technologyreview.com/2019/01/29/66141/what-is-quantum-computing/ )

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  • Sun, Dec 06, 2020 - 8:23am

    Steve

    Steve

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    5

    Thanks for your kind support, Granny ! ... and a word for Mohammed

    I suspect that I am smart enough to present a little insight to the discussion.  I have bought and sold homes many times over 5 decades including buying from FSBOs and selling as a FSBO.  There have been many real estate agents who have come and gone along the way, some useful and competent, but often just do-nothing commission collectors who gain from a stranglehold on listing rights and all too often representing investors (if not one themselves).  This is slowly changing with the internet and 'defi' methods (including things like Etherium based contracts others have implicitly referred to here).  The problem with the profession, as I see it, is illustrated by Mohammed's response which is a common ploy of the 'haves.'   Basically it puts Capitalism above Utilitarianism.  It is symptomatic of what I think is wrong with the USA and the whole world today.  People are out to get everything they can for themselves without consideration of the big picture of what it does to the economy, other peoples' health and welfare, other species trying to survive as we destroy their habitat, and the health of the whole planetary ecosystem itself.  Capitalism is a major problem.  Communism obviously does not solve the problem.  No other 'ism' is likely to solve the problem, be it social, economic, or religious (including any 'ianity').  The root problem is Ayn Rand style self-interest and plain greed, the unacknowledged guilt for which is  all too often papered over by token contributions to charities that seek to counteract the harm done.  The greed comes, when not from insensitivity, from human nature hoarding in the face of uncertainty and anxiety about the future exacerbated by a Horatio Alger myth that few who have made it ever question, and justified by alpha male type hypnotic rhetoric (Kiyosaki).  No form of government or economic system will solve these problems, as we have seen over recent history.  It has to start from a recognition of what the consequences are for other people, the environment, and all life, of our individual choices.  The recognition has to be coupled with action.  I think the next generation are starting to get it.  So, not to pick on Mohammed, but I would suggest he and other 'capitalists' read some books by Robert Sapolsky or watch some of his videos about Baboons to get some insight into the situation we are in.

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  • Sun, Dec 06, 2020 - 9:12am

    #16

    Beckett Bennett

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    2

    A Delightful Serendipity

    Was not familiar with Robert Sapolsky (Professor) so I went to Audible and listened to samples of his books.  Downloaded his book “Being Human: Life Lessons from the Frontiers of Science”.   Looks like it is part of The Great Courses series.

    Thanks for sharing.

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  • Sun, Dec 06, 2020 - 10:33am

    #17

    Beckett Bennett

    Status: Silver Member

    Joined: Feb 06 2011

    Posts: 114

    0

    We are a miserably violent species

    Here is his Ted Talk (Professor Robert Sapolsky)

    1. We are a miserably violent species
    2. When it’s the right kind of violence we love it
    3. We are also an extraordinarily compassionate species
    4. And much more

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  • Sun, Dec 06, 2020 - 10:53am

    #18
    2retired

    2retired

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    2retired said:

    I am not a big fan of relentless profit seeking that seems to be the message from Kiyosaki. I was told a story (which I hold to be true) of an offspring from a wealthy entrepreneurial family, who asked his (successful) grandfather for advice, having realized in his mid 30's his fun seeking and carousing was not adding anything to his financial security. His grandfather said, relax, now is the age for you to have fun, there is lots of time to make money. Every ten years or so there will be an exceptional opportunity, wait, chose your time, have fun. He became a wealthy man (on his own decisions), is a lot of fun, not focused on money. When I was travelling in east Africa, I was with a hedge fund guy watching some nile crocodiles, I opined that the nile crocodile needs to make a kill once a year to eat enough; he thought for a minute , then said, "I only need to make a kill once every three years or so"; same sort of message, he was a lot of fun too.

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  • Sun, Dec 06, 2020 - 12:23pm

    Mohammed Mast

    Mohammed Mast

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    Lots of Cognitive Dissonance

    But before I point that out let me say. Gee thanks Steve for your input. Even though you have only made three posts you do offer a very valuable perspective.

    Now Granny is happy we can get to your points.

    You have bought and sold real estate over 5 decades. Was it Utilitarian? Did it benefit the "MAJORITY" , or was it solely for your benefit? Were the transactions entered into freely bu consenting adults? If so I assume then that both buyer and seller benefited. That makes it a win / win situation. So I assume since you were able to purchase reals estate you were a "have". You did not mention that you used Kiyosaki's methods so we are left to assume not even though you were interested enough to be more of a "have "  to take the course.

    This by any definition makes you a capitalist which you see as being a major problem "We have met the enemy and he is US" I suggest that you have not gleaned much being a member here for 8 years. If you had you would know that the US has not been a "capitalist " country since Dec 23 1913. We have a centrally planned and controlled economy. Capitalism is the sum total of actions by free actors in a market place.. Having acted as a capitalist in real estate you must be carrying a great deal of guilt . After all you did not think of the "MAJORITY" when you bought and sold real estate.

    " There have been many real estate agents who have come and gone along the way, some useful and competent, but often just do-nothing commission collectors who gain from a stranglehold on listing rights and all too often representing investors (if not one themselves). "

    Now this one I found particularly hilarious. Paint with a broad brush much Steve? "Stranglehold on listing rights? WTF. Again a real estate agent provides a prospective seller with a market analysis of what the property is likely to sell in current market conditions. The term of the listing contract is negotiable as is the commission. There is also the Exclusive Agency listing which gives the owner the RIGHT to (being a capitalist) sell his own property w/o paying a commission. There is no force involved in procuring a listing . A seller is free to interview as many agents and get as many referrals as he/she wishes. It is a contract entered into by 2 freely consenting adults. What does the seller get in return? Property listed with an agent bring higher prices. Property listed with an agent are listed in a Multilist which gives wider exposure (the internet has changed that quite a bit) putting every member Realtor in your employ. Being good "capitalists" they are very eager to sell your property. The listing contract makes the agent your fiduciary which means he/she is bound by law to treat your interests as his/her own. I could go on and on Steve but you and Granny won't get it. Capitalism bad Majority good.

    You post that no "ism" will solve the problem but then promote UtilitarianISM. I must say I am confused. "Not to pick on Mohammed" lol but he uses a ploy common to the "haves". Yep I am  a "have". No apology there pal. I hope you are a have too. But don't categorize me on some small sample of real estate agents you had some limited contact with. I have worked my ass off to "have". You have not even sniffed my moccasins, let alone taken a step in them. 95% of real estate agents last 3 years and then yes they are gone. They are gone because it takes a tremendous amount of knowledge, skill, wisdom and TIME. Real estate agents work 24/7/365.

    You have a lot of judgement w/o much knowledge or wisdom. What does Kiyosaki do with his "have"? What do I do with my " have"? Well Steve it is none of your business. We are citizens of the universe endowed by god with god given rights among them LIFE< LIBERTY AND THE PURSUIT OF HAPPINESS.

    I suggest the problem is people like you who are not clear about who they are or what they are about.

    There is a story about the Prophet may God Bless Him and grant him Peace.

    A woman came to him complaining about her son who would not stop eating green dates and they would make him sick. She wanted the prophet to tell him stop.

    He said come back in 2 weeks.

    She came back in 2 weeks with her son and the Prophet told him to stop eating green dates. She then left with her son.

    The Prophets disciples curious asked why He did not tell him to stop 2 weeks ago?

    He said because 2 weeks ago I too was eating green dates.

    So Steve when you completely stop being a capitalist and all your actions are solely for the good of the MAJORITY get back with me.

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  • Sun, Dec 06, 2020 - 1:53pm

    #20
    Steve

    Steve

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    Joined: Oct 11 2012

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    We shall agree to disagree and disengage

    Thank you for your feedback and the reference to Cognitive Dissonance Theory (Leon Festinger), one of my pet theories.  However, you seem to be unable to discern the difference between buying a home to put a roof over your head at a fixed price that will not change for 30 years for your family security, and buying a whole lot of homes that you can flip for profit or rent out for ever increasing income, all that with tax breaks similar to those of the former.  By that perspective, every bird that builds a nest or bear that finds a tree to den in is a capitalist.  I can see that the conversation needs to end here given that you think you have a god on your side which causes you no cognitive dissonance.  No sense in arguing with a true believer.  Yes, I confess to being a capitalist otherwise to some extent.  But it is a problem leading to income and wealth inequality for many, and I wish our society cultivated more means for providing stable food, shelter and healthcare for all while providing incentives to everyone to contribute more to society as a whole once these basic needs are met.  The technologies some of us are involved in may enable that in the future.  Have a happy and safe new year to you and your family.

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  • Sun, Dec 06, 2020 - 1:59pm

    #21
    MKI

    MKI

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    Posts: 337

    8

    Passing thought

    Skimming this thread, a passing thought:

    Faith in economic or even legal "fairness" circa 2020 is broken beyond recovery. It's not coming back because we are no longer one people. So let it go. The belief we share a consensus of values today is simply false. Thus, anyone making a moral claim is always going to be assumed to be pushing a self-serving agenda or to be a hypocrite, and will have zero persuasive power.

    This is as expected. Globalization, massive immigration, the decline of religion/family, and most of all our below-replacement birth rates over the last 50 years created an "every man for himself" culture. This is especially evident in age-related medical issues (like Covid, but for health in general) which in the past were supported by close family but is now pretty much institutionalized (as close family is absent).

    This is just reality. We are long past peak cultural capital, long past peak family. The logical response seems obvious to me: invest in one's own family/immediate community, and expect no fairness or security from law or society. This ain't 1950 anymore. Basically, expect our institutions (hospitals, law, schools, government) to look a lot more like Mexico's than say Germany's as time passes. This is the price one pays for lacking a common culture and values. YMMV.

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  • Sun, Dec 06, 2020 - 4:53pm

    #22
    wotthecurtains

    wotthecurtains

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    "We are long past peak cultural capital."

    Perfect one-liner

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  • Sun, Dec 06, 2020 - 6:10pm

    David Kendrick

    David Kendrick

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    Commonwealth

    The Colonies were founded on the principle of commonwealth which was everyone rises up together, they were every original one a joint corporate charter colony in partnership with a religious body, New York excluded. The principles of shared common were all but erased by the revolution and subsequent civil war, but survived in the religious community.

    Similarly for example the Quakers began their first years in the US as slave owners and still have guilt trips about it being the first and primary abolitionist movement. The US is replete with self made men leaving charitable legacies. In historical terms capitalists are the greatest charitable givers, and if they have not been of late, perhaps you should look at the nature of what is trying to enforce communization of wealth to a minority of elites through the party apparatchiks over commenting on someones dilemmas on making wealth through a business even if it is rental. Its still theirs, the problem lies Corporate Government, not private enterprise.

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  • Sun, Dec 06, 2020 - 6:58pm

    #24

    Beckett Bennett

    Status: Silver Member

    Joined: Feb 06 2011

    Posts: 114

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    David - another view

    ”Its still theirs, the problem lies Corporate Government, not private enterprise.”

    Really, are you sure?

    Perhaps there is an alternative viewpoint to ownership. The indigenous peoples’ probably looked at western man and found their obsession with ownership incomprehensible. After all how could a person own the sun, the sky, the butterflies or the prairies?  If we were wise we would see ourselves as Stewards of the planet as we are but temporary visitors.  Instead we are narcissistic conquers obsessed with possessions, money and power.

    There is a saying - “you can never get enough of what you don’t need”!  How many species have paid with their lives so we can acquire what we don’t need?

    Just a thought.

    AKGrannyWGrit

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  • Sun, Dec 06, 2020 - 8:27pm

    Mohammed Mast

    Mohammed Mast

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    Who is this We

    You like to speak in sweeping generalizations. Just who is this "we" who should be wise and see ourselves as stewards of the planet?

    In your and Steve's universe man is evil and uses capitalism to destroy the planet. That is not my universe. That is not my planet. Why is capitalism mutually exclusive for caring from the planet in your world?

    I am a capitalist, Chris martenson is a capitalist, Adam Taggart is a capitalist, this site is capitalist. By your logic no one here is capable of caring for the planet.

    How have you earned a living? You live in Alaska. You have gotten as has every resident a cash payment from oil royalties. Feeling guilty? Are you putting that back into caring for the planet? Personally I don't care. I do what I do and owe no one an explanation.

    You like utilitarianism? Who is the majority and who decides who or what is the Majority? You cannot enforce compassion. You cannot force an environmental ethics. You cannot force the people to stop being fruit flies and multiplying. You can't force your ideals on anyone else. Love and coercion are oil and water.

    Happy holidays.

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  • Sun, Dec 06, 2020 - 11:06pm

    #26
    skipr

    skipr

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    capitalist site?

    So PP is purely a capitalist site.  It now makes sense.  From what I've seen, PP is 99% money money money with a little ecology sprinkled in to appear balanced.  Capitalism will care for this planet ONLY if it maximizes profits.  Unfortunately the destruction of this planet is the most profitable.  Those shareholders must be well fed or they will sue the pants off of a company.  Isn't fat cat socialism wonderful?

    The natural ecosystem is reality and will collapse when stressed beyond the point of no return, which we are already well past.  Mental constructs like money, capitalism, communism, economy, value, ownership, country, borders, etc are nothing more than that and can be changed at any time.  So it's our choice, keep chasing that imaginary butterfly with dollar sign wings or get real.  Unfortunately most people I see on the public transit system are living day to day and have no time to think about these bigger issues.  It's obey the destructive rules of the system or perish.

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  • Mon, Dec 07, 2020 - 8:19am

    Mohammed Mast

    Mohammed Mast

    Status: Platinum Member

    Joined: May 17 2017

    Posts: 1392

    2

    skipr

    Actually capitalism is NOT destroying the planet. The dominant species IS.

    Hormones rule the universe.

    This is why Bill Gates is a  Eugenicist and his father before him, as well as the Rockefellers.

    Plant trees, don't have kids

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  • Mon, Dec 07, 2020 - 8:35am

    #28
    Mysterymet

    Mysterymet

    Status: Bronze Member

    Joined: May 23 2020

    Posts: 169

    2

    I am a proud capitalist

    In addition to being a proud capitalist I also run my home off of solar. Not only is it good for the environment, it makes financial sense for me. How many of these “environmentalists” have had themselves sterilized and given up all modern technology to go live as one with nature in the woods. The people who break into others hunting cabins to survive do not count as living as one with nature! You might as well give up all modern medicine too. Let me know how that works for you in a year or so.

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  • Mon, Dec 07, 2020 - 10:33am

    #29
    Hans

    Hans

    Status: Bronze Member

    Joined: Aug 09 2017

    Posts: 67

    2

    profit maximization in a finite world

    Personally I think this guy is the exact opposite of what I thought PP stands for. 8 forms of capital and this guy talks about getting RICH. Even worse: "when the stockmarket goes up, I get rich. When the stockmarket goes down I get rich". O my god what a bunch of horseshit. "When you educate yourself you get rich, otherwise you get poor". Am I listening to an adult man or a 17-year-old who tells me he has a system to break the casino?That is the same crap I heard in the 90's when everybody was soooooo smart and got rich in the housing market and in Nasdaq-stocks. This guy wrote a book that made him millions because it resonates with peoples dreams of free money and getting rich. That's it. Nothing more. We are talking about people who lost their jobs and livelyhoods and he is talking about Steve Jobs. Yeah, Jobs was really an average guy. "Getting educated", means "keep buying my book and keep inviting me for high-paying presentations".We are on the verge of a collapsing society. I don't want to get poor, but believe me, I also do not want to get rich! No, I don't WANT to get rich. What I want is to build 8 forms of capital in order to live the good live. I have modest wishes. I want a good familylife. I want to live together with good neighbours. I want to live in a safe area. I want to cook good food every day and go to a restaurant every now and then. I don't want a yacht. I don't want far, exotic destinations for vacations. We live in an average suburban-, but debt free  house, and I have some savings in PMs. I do not have much euro savings left since I bought a little piece of land (750 sq meters) for 12.500 euro. Where I live, that IS being rich, where it used to be middle class. This is how far we came. Just by working, living within your means and save money.What happens when you loose everything, he warned? I am going to grow fruit, herbs and vegetables on that little piece of land and I will share it with my family, friends and neighbours. Just for free. Sharing builds a community. Not getting rich! I hope that one day, when I am too old to do hard work on the land, I will get some help. That is my "investment" for the future. I hear these kind of messages more often on PP lately. Mike Malony telling he bought a farm. What? Or Chris telling he got delivery of silver in a truck! What? Don't get me wrong, it is not envy. I am not jealous, but how many people can indentify him/herself with that? PP is for me a guide through these rough times. The knowlegde Chris shared with us about Covid is really priceless and I thank him for that. But sometimes, when the subject is financial capital, I sometimes wonder if this is only meant for millionaires. The kind of investing that mr. Kiyosaki is talking about, is what investors do while demanding profit maximization, in an exponential way in a finite world. This is exactly the oposite of the PP I know.

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  • Mon, Dec 07, 2020 - 1:24pm

    #30

    000

    Status: Bronze Member

    Joined: Dec 10 2013

    Posts: 329

    0

    The 2020 Holberg Debate with John Bolton & Yanis Varoufakis: “Is Global Stability A Pipe Dream?”

    Paranoid thought: did Boulton let the cat out of the bag?

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  • Wed, Dec 09, 2020 - 2:50am

    Mysterymet

    Mysterymet

    Status: Bronze Member

    Joined: May 23 2020

    Posts: 169

    2

    What are the responsibilities of our society

    Steve said, “But it is a problem leading to income and wealth inequality for many, and I wish our society cultivated more means for providing stable food, shelter and healthcare for all while providing incentives to everyone to contribute more to society as a whole once these basic needs are met. “

    It is NOT the responsibility of our society to provide these thing beyond what already happens. Actually I think welfare benefits are actually too much at this point. No welfare should pay more than a normal working class job. It is all about equality, equal opportunity NOT equity, equal outcome. Forced distribution is in no way fair to the people who work hard and destroys initiative  and creativity. Why should I bust my butt for someone else? I work hard for the benefit of my family and myself. That is not to say that I do nothing for my society as a whole, I do but it is on MY terms. Forcing people to support others with their labors will just cause piss poor work ethic all around. I started from nothing and earned everything I have I will not allow it to be stripped from me without a fight. I sacrificed so my kids wouldn’t have to. Redistribute my wealth? I don’t frickin think so...

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  • Tue, Dec 15, 2020 - 10:35pm

    #32

    timeandtide

    Status: Bronze Member

    Joined: Apr 03 2010

    Posts: 63

    0

    What is capitalism?

    This discussion has become unnecessarily acrimonious. I am not sure what people mean when they say they are capitalists.

    If bailing out the so-called "Too big to fail" corporations like the big banks and AIG (insurance) during the GFC is not an example of socialism rather than capitalism, then I don't know what is. The  Capitalism that existed in the 19th century has evolved to such an extent that it is hard to know what is meant by the term today.

    Economists and financial journalists often talk about free markets. Where are they? We live in a highly regulated world today which seems to favour very large businesses such as multinational corporations. They lobby governments for special concessions, grants and new regulations because the latter so often act as a barrier to entry.

    The discussion would be more useful if it was not so binary or polarized. Being a capitalist no longer means that you have to run rough shod over everyone else to prove that you are not a socialist. Equally, you can still have left of centre ideals and run a business along capitalist lines. We are talking about the messy middle.

    Mohammed has very useful things to say, so has Steve and Granny is trying to keep the peace! It really does help to keep aggression and sarcasm out of the comments.

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