J.C.’s Money Blog

I watch with glee to see when Robert Kiyosaki will write another article for Yahoo Finance! This morning I found a fresh article from him.

Kiyosaki has managed to write another article for Yahoo!, which is more of the same drivel. And would you believe it, his outlook is glim again! Once again you should be scared! The price of oil is skyrocketing, the value of the US dollar is plummeting! Oh no! Robert has the keys to financial success, but you probably need to buy one of his products to get all the financial education you need to get out of the rat race.

Robert’s advice this month laid out plain and simple:

1. Worry There is so much bad stuff going on with the economy for Americans, that you should be deeply concerned.
2. Be rich The rich will get richer in these turbulent times.
3. Buy stock in food exporters With a weak dollar, our food will get eaten by Indians and Chinese.

Wait a minute! We’re going to export stuff to China? It wasn’t too long ago that you were telling us how bad our trade deficit is, Bob? Shouldn’t we be happy to start buying back America from them?

While Kiyosaki didn’t state it so explicitly, his only real insight is that a weaker dollar means companies that are net exporters benefit. Whether that’s food or software, think about buying interest in a company that hawks its wares in other currencies.

Kiyosaki is my favorite person to hate. And when Casey Serin (everyone else’s favorite person to hate) teamed up with him, well it was pure magic.

I know, enjoying that video is like enjoying watching a train wreck.