What Schools Will Never Teach You About Money By Robert T. Kiyosaki

Why Bankers Do Not Like Savers
To better understand the entire global financial crisis, all one needs 
to do is understand the business of bankers. Pictured below are the 
financial statements of a banker and a saver:
For the saver, their $100 is an asset. For the banker, the saver’s same 
$100 is a liability.
November 15, 2005:
“With respect to their safety, derivatives, for 
the most part, are traded among very sophisticated institutions and 
individuals who have considerable incentive to understand them 
and to use them properly. The Federal Reserve’s responsibility is to 
make sure that the institutions it regulates have good systems and 
good procedures for ensuring that their derivative portfolios are 
well-managed and do not create risk in their institutions.”
March 28, 2007:
“At this juncture, however, the impact on the 
broader economy and financial markets of the problems in the 
subprime market seems likely to be contained. In particular, 
mortgages to prime borrowers and fixed-rate mortgages to all 
classes of borrowers continue to perform well, with low rates
of delinquency.”
January 10, 2008:
“The Federal Reserve is not currently 
forecasting a recession.”
March 16, 2009:
“We’ll see the recession coming to an end 
probably this year.”
Mr. Bernanke is a graduate of MIT, a professor at Stanford and 
Princeton, and may be a brilliant economist. Yet it seems he does not 
live in the same world as you and I live in.
In 2002, Rich Dad’s Prophecy was published, predicting that the 
biggest stock-market crash in history was coming. You do not have 
to go to MIT, Stanford, or Princeton to see the future. I wrote in the 
introduction of Prophecy: “[Y]ou may have up to the year 2010 to 
become prepared.”
As expected, Rich Dad’s Prophecy was trashed by leading financial 
publications such as the Wall Street Journal and Smart Money magazine.
In 2007, the real estate market began to wobble as subprime 
borrowers could not make their mortgage payments. A global banking 
crisis followed, eventually bringing down the United States and
Europe with it. After the United States crashed, the European
PIIGS—Portugal, Ireland, Italy, Greece, and Spain—collapsed under 
mountains of debt. If not for Germany, Europe and the euro might 
have gone down. The debt crisis was solved by creating more debt. The