The Money Conspiracy Theory

According to the Federal Reserve Bank of St. Louis's "Adjusted Monetary Base" figures, the U.S. Federal Reserve (Fed) printed as much money in 2010 as it did since its founding. The amount that the Fed’s money presses printed in 2010 — bank notes in circulation, coins and bank reserves of the “monetary base” — has exceeded $1.7 trillion. If the Fed's behavior is an indication, this means that in 2011, other central banks, including the European Central Bank, will flood the markets with new printed money of their own.

In his book titled "Conspiracy of the Rich," Robert T. Kiyosaki states that the Fed, which was established in 1913, was neither an American nor a federal governmental agency. Even though it had the word “reserve” in its name, Kiyosaki asserts that the institution had no real reserves nor, more interestingly, was it even a bank. In fact, the Federal Reserve System was created not for the people but rather to preserve the existence of the rich and their monetary expansion. The sole purpose of the Fed, then, was to defend the rich men’s money. Thus, the Fed was established by the richest American and European families. And like OPEC is an oil cartel, so the Fed is a money cartel. ...

According to Kiyosaki, what the rich want us to think is this: Spending money intelligently is better and more advantageous than saving it. However, Kiyosaki’s approach of "share the risk by investing your money in various instruments"* and thus generating revenue is a must. Moreover, and still according to Kiyosaki:

- The cost of the last crisis in the world economy is estimated at $60 trillion. In contrast, banks and governments had only $10 trillion in real money notes. The deficit, i.e. $50 trillion, will have to pass to the peoples of the world as pure loss. ...

- We, the people, are trained to work for the rich. The money we earn we spend at the rich men’s stores. And if our money is not enough, we borrow the rest from the rich men’s banks and thus create more revenue for them in terms of interest paid on borrowed money.

- Capitalism is not working in the U.S. Some institutions are sold, while others are being bought off by the government. Thus, banks are being rescued.

New rules regarding handling your money:

1. Knowledge is money. With information, you can make money even if you don’t have money to start with. Neither gold, silver nor real estate can make us (the people) rich. It was Henry Ford who said in 1930, "I hope this crisis will not last long so that the people cannot learn from it.”*

2. Manage your debt well. You can make or lose money from borrowed amounts. Put the amounts you borrow into instruments that will make you money. A house that you buy with borrowed money will not make you any money. It is the banks that make the money from the interest you pay on the home.

3. Learn to control the flow of your incoming and outgoing funds.

4. Be prepared for bad days. You can make more money in bad days if you know how to hold on tight to the money you have in good days. You need to earn money faster than the speed at which the world's central banks can print it.

*Editor's Note: These quotes, though accurately translated, could not be verified.