Wow, I couldn't believe this read coming from him. This guy is the founder of Rich Dad, Poor Dad (total nonsense book, but the simpletons seem to like it). He preaches owning small businesses and that people are poor because they don't invest properly...all the other guru BS.
My, oh my, has he changed his tone in his latest article. I couldn't believe this was coming from him.
http://finance.yahoo.com/columnist/arti ... icher/3721
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')I believe differently. Not that I'm an oil expert, but in 1966 through 1968 I was hired as an apprentice by Standard Oil of California, where I learned a lot about oil and the oil industry. Although I did see oil prices slide back down in the 1970s, this time, I believe they will go higher, not lower. I wouldn't be surprised if we soon see oil at over $100 a barrel and gasoline at $5 to $12 a gallon at the pump.
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If energy costs continue to rise and our economy stops growing and starts shrinking, many stocks will crash, older Americans will not be able to retire, inflation may skyrocket, businesses will close or cut back, and jobs will be lost. Not only will we be facing global warming, we'll be facing civilized chaos.



