Wednesday, December 10, 2008

It started in January 2008

It all started when I viewed 2008 Rich Dad's predictions {www.richdad.com} and there was this guy who was one of Robert Kiyuosaki's advisers named Mike Maloney. They began to talk about the US dollar as being 'funny money' and how the precious metals gold and silver where going to balance all of the financial mismanagement that US Economic planners and advisers including the Federal Reserve have made in the past few decades.

Essentially, in lieu of the recent bail-outs that the US government is doing to rescue their big giant mismanaged corporations, the US gov't has been printing dollars at will and not backing it by anything except 'the goodwill of the people of the United States of America'.

And how does that affect the average Filipino citizen making his living the hard way? When the US gov't floods the world with more dollars unbacked by anything, then the value of the existing dollar money supply in the vaults of the many central banks of the world also lose their value. Yup, it's a silent form of stealing and most do not know it !

It is funny how we do not have a national gold or silver bullion minted here in the Philippines so as to secure it's citizens wealth. How ironic it is to have large mining of gold and silver reserves and exporting it to other countries, it is like owning precious metals but not. Irony at it's best.

If there are potential sources out there for gold and silver that will lead to the minting of the first Philippine gold and silver bullion then I will support it. Please pass this site to as many of your friends as possible since not many know this realistic scenario. Let us be part of the solution.

1 comment:

  1. wowow!!! robert kiyosaki!!! idol! oh by the way Pinoy Money Talk is sponsoring a cashflow 101 game on the 22 of march... Interested?

    ~the earning student

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