Robert Kiyosaki, controversial bestselling author of "Rich Dad Poor Dad," has an urgent message for employees: Wall Street is gambling with your pensions. They're rife with risky, secretive investments and scandalously high fees, and they dispense deceptive performance results. Because of this pension crisis, the next market crash will wipe you out.
In an interview with ThinkAdvisor, Kiyosaki discusses his new book, "Who Stole My Pension?: How to Stop the Looting" (Plata Publishing, Jan. 14, 2020), written with Edward Siedle, a former Securities and Exchange Commission (SEC) attorney.
In the interview, Kiyosaki, 73—who is as outspoken and blunt in conversation as in writing—calls Wall Street "corrupt" and the Federal Reserve "a criminal organization." He says pensions "lie" about their returns and participants are oblivious to the speculative investments and fleecing. He himself proudly steers clear of the stock market, investing instead in the shadow banking system because, he says, "that's where the money is."
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