News we all don't want to hear

While most of us are all busy with the day to day rudiments of our lives and a majority our worried on who gets to win whether in Mara Clara or in the upcoming Pacquiao-Mosley fight. This is a piece of news from one of my favorite authors- Robert Kiyosaki in his Online Exclusive update. Here is the letter-

"Online Exclusive Update - #85
April 27, 2011

Warning

Standard & Poor’s (S&P) rating agency warned the US of a potential downgrade in its credit status last week. Stock markets took a dive as gold and silver prices went up.

What does this mean to you? The answer is, “Nothing you don’t already know, if you’ve read Conspiracy of the Rich or have followed these COR updates.”

When you think about it, who doesn’t know the US has a debt problem? For years, New York City has had the debt clock ticking away, showing the millions of people walking past how fast the debt time bomb is growing.

The real problem is that while most of us know there’s a problem, few people are doing anything about it—especially our leaders. Rather than solve the problem, most people are scrambling for deckchairs on the Titanic, hoping for a good view of the sunset.

If you’ve followed my books, beginning with Rich Dad Poor Dad, which was published in 1997, I’ve always stated, “Your home is not an asset.” Last week, the CEO of Bank of America finally stated, “People should not consider their home an asset.” Slowly, but surely, the US is waking up to the realities of money.

In previous COR updates over the last year, I advised readers to buy silver under $20 an ounce. Since then, silver has gone from $17 an ounce to a high of $43 an ounce. The markets are reflecting the realities of money.

So what is a warning from S&P worth? Not much if people don’t heed it. And most people aren’t.

It seems obvious that the US is on a collision course with self-destruction. The US is like an alcoholic who insists on drinking or a smoker who insists on smoking. Warnings are of little use. We all know that if the US continues in the financial direction it’s going, there is a tragic end in the near future for our economy and our country. To me, it’s not “If” but “when.”

God help us all when the US, as we know it, comes to an end."

Now that is really news we all don't want to hear.