Prophecy and Predictions for 2010

This post is a summary of some of the predictions given by two men who have come to be seen as leaders and fathers in their respective fields. The first is a spiritual “Dad” (father in the Faith), David Wilkerson, the author of the the Bestseller The Cross and the Switchblade;the second, “richdad”,(Robert Kiyosaki), has been a de facto “father” to many budding investors and entrepreneurs in the last decade, as they have followed his popular “Rich Dad, Poor Dad” books and online courses, the most recent of which is his new bestseller, Conspiracy of the Rich.

We have included two views here-one from a well-known Christian prophet and one from a well-known writer on business and investing;we’re obviously aware there are many other views out there, but in the babble of views from so-called experts both in the church world and in the business world we have found that not many meet the criteria of a true prophet on the one hand, or of an accurate and honest financial seer on the other.

Very simply, the tests for a true Biblical prophet are that he is one whose predictions or prophecies come to pass (Deut 18:22), but also, is one whose message and ministry glorifies Jesus Christ.  Most so-called “prophets” fail in both categories; if they pass the first, they fail on the second, and seek glory for themselves.  I seem to remember adverts on the net by someone predicting America’s destruction in 2009 (or was it supposed to be in 2008?)?  What amazes me is that people still follow such turkeys even after their so-called prophecies fail.  I have watched Wilkerson’s ministry for years and from what I can see he seems to qualify under the Bible criteria, particularly on the second which is essential for any true minister.

If  one is looking for advice on investments and where to invest one’s money, as Kiyosaki often says, one should not look to get it from people who are not investors themselves.  Many financial advisers work for large fund-management firms and will only offer products or advice they are paid by the company machine to offer.  Kiyosaki is not a financial adviser, nor a Christian minister or prophet -and does not claim to be-but in our view is an original thinker, a genuine investor and his predictions as a savvy business entrepreneur (that I have read anyway) seem to be consistently accurate-hence their inclusion here.

David Wilkerson’s 2003 prophecy

David Wilkerson

We start with a pertinent prophecy from David Wilkerson called ” THE CHASTENING OF AMERICA” from back in July 2003:

“For the last five years, I have been warning of an impending financial disaster in America. Today, few will listen, and even devout Christians do not want to hear what they consider negative prophecies.

I’ve heard ministers preach that America is headed only for blessings, with no judgment. They say “Where is the financial breakdown the doomsayers speak of? It will never happen here.” They point to a believing President, to a clean, moral White House, and to a leadership doing its best to repeal abortion legislation.

Our own Supreme Court has just legitimized homosexuality. And America will soon legalize gay marriages also. We have outdone Sodom There is no record of Sodom aborting babies. And Sodom had no Bible, no churches, no gospel. Yet we have sinned and outlawed the very name of God, in the face of loving warnings and a gospel of mercy and grace.

A few years ago, I was practically screaming out warnings about a collapse of the Internet bubble. Now I am crying out a warning about the real estate bubble.(italics supplied) Soon, America will face a fearful collapse in real estate (highlight added by this article writer), as bad or worse than the real estate collapse in Japan ten years ago.

I take back none of my warnings. The storm is still on the horizon. Right now it is being withheld for a season… in hope that the goodness and patience of God lead us to repentance.”

Whether you agree with Wilkerson’s views or not, the facts of history cannot lie.  His prediction of the collapse of real estate can now be verified absolutely.  You may be interested to know the same minister has predicted a Money Crash in the not-too-distant future.  Further information on Pastor David Wilkerson can be found by contacting Times Square Church, 1657 Broadway, NYC, New York 10019.(www.timessquarechurch.org ) and a link for a recent book of his is at the end of this post.

Robert Kiyosaki’s 2010 predictions

Robert Kiyosaki

Speaking from a business and financial platform, not a spiritual one,  Robert Kiyosaki also has predicted a money collapse in Rich Dad’s Prophecy: Why The Biggest Stock Market Crash in History is Still Coming… which is worth reading, if you haven’t already.  His recent article in Yahoo entitled “2010:The Best of times or the Worst?” makes the following predictions (this is a brief summary for those who lack time to read the full article):

• housing market predictions 2010, 2011 (he gives a handy graph which shows that in September 2008, the mortgage resets hit $35 billion that month, the exact time the financial crisis hit.  2009 was the “eye in the storm” and 2010, the graph shows, will be when the financial hurricane comes back to bite) and , he says, “The storm will not end until 2012… The first half of the storm was primarily due to subprime defaults. The second half of the storm will hit more solid homeowners.” So, according to him, real estate will crash again
• Prediction #2: Gold, silver, and oil will continue to be safe investments in 2010.
• Prediction #3: The next market to crash will be commercial real estate.

Other points of concern and predictions Kiyosaki draws out are:

• the Chinese boom will eventually go bust…but he’s not sure if it will happen this year
• “Fed Chairman Ben Bernanke is replacing toxic debt with new debt.. Taxes will kill anyone working for a paycheck.”
• “The U.S. dollar will grow weaker. If the dollar strengthens, we will have more unemployment because our goods become too expensive and we will export less”.
• The U.S deficit will increase
• Israel “may” attack Iran.   If there is an attack, obviously oil prices will go through the roof.
• The stock market rally enjoyed at the time of Kiyosaki’s article “will probably turn into a dead cat bounce. If the Dow drops below 6500, 5,000 may be the next stop.”

Kiyosaki tells his online subscribers to his new book Conspiracy of the Rich: The 8 New Rules of Money that he thinks “interest rates will remain low for a few more years…take your time.  Do not let the fear of missing out suck you into a bad investment.  Decide which real estate business you want to be in-residential,warehouses,fast foods, or cemeteries?“  And that one should start to build relationships with people in a similar business.  Good advice indeed.

Related Reading:

Rich Dad’s Conspiracy of the Rich: The 8 New Rules of Money

Australian Readers click here

Rich Dad’s Prophecy: Why The Biggest Stock Market Crash in History is Still Coming…and How You Can Prepare Yourself and Profit From It!

Australian Readers: get Rich Dad’s Prophecy here

America’s Last Call by David Wilkerson.

John Reason,
Salesman, teacher, article writer, Internet Marketer.
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© 2010/2011

The above article and the Kiyosaki article in Yahoo! Finance are provided for information only and are not to be construed as investment advice. Under no circumstances does the information in this content represent a recommendation to buy, sell or hold any security.

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Just finished reading the online chapters of Robert Kiyosaki (of “richdad” fame)’s latest book, “Conspiracy of the Rich“ which was published online as well as in the bookstores.  I found myself agreeing with him on many things apart from his dissection of the well known (and oft-misquoted) Bible phrase “For the love of money is the root of all evil”.(1 Tim 6:10)

Is it the love of money, or ignorance of money, that is the root of all evil?

Robert Kiyosaki

Kiyosaki asks the question whether it was love of money or the ignorance of it that was the root of all evil. It’s clear he thinks the latter is the cause, and bewails the dire lack of teaching on financial literacy in our schools. Ergo, it’s as though we are to infer scripture is incorrect at that point. I have to disagree with Mr Kiyosaki. We have plenty of current circumstantial evidence to support the original biblical text i.e it is the LOVE of money that is at the root of all evil. Ask Bernie Madoff, and his victims. Greed is everywhere from the small-town chancer to those movers and shakers who control the economies of nations.

Money is important;it is not evil-it is a neutral substance

I think he asks many valid questions but this is the wrong question. It is not whether it is the love of money or the ignorance thereof that is the root of evil. The question(s) for Christians, and those who still have a moral framework, is whether money is important in life, whether Money is intrinsically evil, and if not, how best to put it to use in this life? Believe it or not, many Christians still have this view that money is evil because of a simple misquote of the scripture mentioned-you hear “money is the root of all evil“which is not what the text says- as well as a failure to understand the prosperity that is inherently promised to those in a covenant with God. I have studied Bible and money as a theme, both privately and in Bible College, so I simply share my opinion. I do not have space in this post to give a detailed exegesis on the subject, but suffice it to say that I can categorically affirm that God is more than ok with Christians having money-even prospering.

Jesus spoke more on money than on heaven and hell combined. Why? Because it is clear from Biblical texts (e.g the Parable of the Talents) that your money represents your Life and what you do with it represents who you are. So money is not evil. Money is immensely important. Christians and religious people lose out when they separate spiritual from physical and say “money isn’t important”. God is interested in both. Money itself is neutral-it can be used for great and glorious purposes or for evil purposes. It takes on the character of its owners.

Poor financial education is a modern evil: it is bad for for all but the rich

What Robert Kiyosaki is right in saying in his book Rich Dad’s Conspiracy of the Rich: The 8 New Rules of Money is that lack of financial education is a bad, even evil, thing. As he says in his introduction to the book “One of the causes of this financial crisis is that most people do not know the difference between good financial advice from bad financial advice. Most people cannot tell the difference between a good financial advisor from a con man. Most people cannot tell the difference between a good investment from a bad one. Most people go to school so that they can get a good job, work hard, pay taxes…and hand over any extra money to a financial planner-or an expert like Bernie Madoff.” He then also points out something very relevant to today with people losing their houses, and a point he made in his seminal book Rich Dad, Poor Dad.  “Most people are in trouble today because they believed their home was an asset, when it was really a liability.”

So one of the conclusions one draws from this book is that those with financial literacy will not so easily fall prey to dishonest or deceived financial advisers. I don’t know if I would go so far as Kiyosaki and suggest the above are tools of the uber-rich in that they sell products like mutual funds which make the rich richer but do not make you much richer;but I do know enough about the Financial Services industries in countries like the U.K, where I briefly practised as a financial adviser, that the salesmen of financial products often know nothing about investment or business themselves, and live off pay check to pay check whilst advising people of wealth and means. Whether one can believe that there is a “conspiracy” from reading this book is hard to say. Kiyosaki admits that conspiracy theories are a dime a dozen, but then seems to freely opine that there is a conspiracy of the rich today. Ironically Kiyosaki himself is a rich man but he has become so by shrewd investments, helping people through educating them on financial matters, and because he had a “rich Dad”, someone who mentored him on financial matters. He made mistakes, but he used those mistakes to learn from and teach others;also he was able to discern the wood from the trees in the world of financial instruments and jargon, which most of us are not.

The Federal Reserve

For example (and this is something I did know already) most people do not know that the Federal Reserve in America, is neither federal, nor American, and it doesn’t have much reserves, and is not a bank. As he says “Once the Fed was in place, there were two sets of rules when it came to money: One set of rules for people who work for money and another set of rules for the rich who print money“.

I do not have Kiyosaki’s financial knowledge but I do share with him the belief (which I have held for the last fifteen years) that we are headed for a Depression (hence the title of my blog); that the causes of the great depression are similar to those of the recent economic downturn, and reading books like this will help you prepare for it.  Whether there is a “conspiracy” of the rich I doubt personally-I think the rich (like the poor) generally gravitate to their own kind, without consciously “conspiring” to do so, but you can click here for “Conspiracy of the Rich” to draw your own conclusions.

For a look at other useful Wealth creation books (including “Conspiracy of the Rich“,go to johnreason.com

John Reason,
Salesman, teacher, article writer, Internet Marketer.
© 2010
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