Empty Stadiums and Heaven’s Applause

What matters to those who follow Jesus is heaven’s applause rings loudly for followers of Jesus. In fact, what matters most is that we have given all that we have for God’s pleasure.

Well, professional football has returned. Different teams played on the gridiron looking for dominance play by play. The rivalries, like Green Bay and Minnesota or Philadelphia and Washington, were very different though.

Instead of fans in the stands cheering their team and taunting their opponents, the stadiums were empty. The television shots were focused on the sidelines or the field, but there were no shots of the stands. No “John 3:16” signs in the end-zone. No celebrations of spectators at the score of the home team.

It was very, very different.

Football teams may have empty stadiums, but that’s merely a “right now” reality that has no eternal glory. What matters to those who follow Jesus isn’t how many people are cheering and not jeering our daily journey. What matters to those who follow Jesus is heaven’s applause rings loudly for followers of Jesus. In fact, what matters most is that we have given all that we have for God’s pleasure.

“Therefore we make it our aim, whether present or absent, to be well pleasing to Him.” (2 Corinthians 5:9)

God is watching what we do and how we live. He sees us as we go through our days, and He knows the level of our commitment to Him and His mission for our lives. As we weigh our priorities, God is watching. As we conduct our business, God is watching. As we relate to others, God is watching. God sees us and knows the level of our faithfulness to Him.

For four grueling years, Michelangelo worked incessantly on one of his most enduring and influential works of art. For four years, he lay on his back and painted the ceiling of the Sistine Chapel. Originally, Pope Julius II had asked the famed sculptor to paint a simple depiction of the twelve apostles on the small chapel ceiling, but once Michelangelo accepted the assignment, he created a wondrous masterpiece that included more than four hundred figures and nine scenes from the book of Genesis. Michelangelo was committed to the task so completely that he spent days working in a dark corner of the chapel painting a scene which no one would ever see. When asked why he worked so long and hard on an unseen portion of the ceiling, Michelangelo responded simply, “God will see.”

The stadiums on earth may be empty and the applause of peers may be silent. But God is watching and heaven is applauding as we live each moment of this day for God’s pleasure.

Make the most of this day God has given you to honor Him, and you will find joy, encouragement, and strength at the sound of heaven’s applause!

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7 Steps Toward Financial Freedom

7 Steps Toward Financial Freedom

  • The truth is, the price of a good education is too high and the ROI is too low…
  • Here are seven things they don’t teach in school but are necessary if financial freedom is your goal…
  • Click here to find out how the best way to prepare for what’s coming (with silver)…

Recommended Link

The Best Time of Day to Place a Trade?

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A small group of people have discovered the best time of day to trade…

Thanks to an anomaly… and the best kept secret in the market.

And once you discover this secret…

You’ll have the chance to make 600%… 827%… and up to 1,200% gains.

Money you could make in one afternoon.

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secret is…


Robert KiyosakiRobert Kiyosaki

Editor, Rich Dad Poor Dad Daily


Dear reader,

Today, 42 million Americans owe approximately $1.3 trillion in student loan debt. According to the U.S. Government Accounting Office (GAO) interest on student loan debt is one of the federal government’s largest assets. Student loan debt makes the Department of Education one of the biggest banks in America.

The truth is, the price of a good education is too high and the ROI is too low. Today, millions of people, young and old, are leaving school deeply in debt and unable to find that mythical high-paying job for life.

Like it or not, life costs money. Yet we teach students little to nothing about money. Even when students graduate from school, many with advanced degrees, most leave school, financially illiterate.

Below are seven things they don’t teach in school but are necessary if financial freedom is your goal:

#1 How to Read a Financial Statement

My rich dad said, “My banker has never asked me for my report card. My banker does not care if I was a good student or what school I went to.”

Curious, we asked rich dad, “What does your banker want to see?” “My financial statement,” rich dad said, reaching into a file drawer of his desk. Showing us his financial statement, rich dad said, “Your financial statement is your report card when you leave school. The problem is, most kids leave school and never know what a financial statement is.”

One of the most important things you need to know in order to be financially successful is to know how to read an income statement and balance sheet. But even more important is understanding the relationship between them.

Many people who take accounting classes learn how to read an income statement and balance sheet separately. I’ve always found it fascinating, however, that these classes don’t teach why one document is important to the other or how one affects the other.

My rich dad felt that the relationship between the two was everything. “How can you understand one without the other? How can you tell what an asset or liability really is without the income column or the expense column?” he asked.

For rich dad, understanding the relationship between the two allowed you to easily see the direction of your cash flow to easily determine if something was making you money or not.

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#2 Three Types of Income

If you have a job and receive a paycheck, you make your money through earned income.

To reference the CASHFLOW® Quadrant, Es and Ss, those on the left side of the quadrant, make money through earned income.

Cash Flow Quadrant

When you earn money through a paycheck, you are exchanging time for money. For example, when you work as an employee as a web designer, a grocery store cashier, or a police officer, you are getting paid a predetermined amount of money (X) to do that job for a certain amount of time (Y). Here in the United States, the amount of money is negotiated between the employee and employer and the amount of time required for a full-time employee is forty hours per week.

For many people who make their money through earned income, it’s often just enough money to cover basic monthly expenses, leaving little to no money left to invest.

Where earned income is acquired by exchanging time for money, portfolio income is made through capital gains.

As an example, when someone buys stock in a corporation at a given price, they plan on selling that same stock at a higher price in the future. So, if they buy a stock at $10 today, and the price goes up to $40 when they sell that stock, they make $30 in capital gains. That capital gain is their profit.

This is how stock traders traditionally make their money. They invest money in stocks they feel are undervalued now with the expectation that when the prices rise they can sell those same stocks for a capital gain.

As I’ve mentioned before, my rich dad used the formula of “four green houses, one red hotel,” in the game of Monopoly® to describe how you can make passive income, the third and final type of income.

Again referencing the CASHFLOW Quadrant, those on the right-side, Bs and Is, make money by acquiring assets.

#3 Why You Should Work for Assets

If not for my rich dad’s teaching, I might have followed in my poor dad’s footsteps—earning an MBA, and climbing the corporate ladder.

Rather than working to acquire property and production, assets as my rich dad called them, I might still be working for a paycheck, paying higher and higher taxes, and praying that I wouldn’t outlive the money in my retirement account.

The rich work hard to acquire assets that put more money in their pockets and allow them to keep more of what they earn.

The gap between capitalists and everyone else begins when a parent says to their child, “Go to school to get a job,” rather than, “Go to school and learn to acquire assets.”

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#1 Futurist George Gilder: “This Reboot Could Make You Rich

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wealth revolution is coming.

And it could make you very… very… rich.

That’s the latest forecast from the man they call “America’s #1 futurist”… “Wall Street’s most influential technology trader”… and “a true American genius.”

How so?

“We’re headed for a potential $16.8 trillion reboot,” he says. “Nobody will remain untouched. And a few early investors could walk away with millions.”

Click this link to find out more…


#4 Why Savers are Losers

When I say savers are losers, I’m talking about those who think savings will be enough to help them have a secure financial future. This is an old way of thinking that doesn’t take into account how money has changed, that it is a currency that loses value if it just sits and isn’t invested.

Because we live in an inflationary economy, cash loses values over time. Why would you save money when the Fed prints trillions of dollars making it worth less and less?

On the other hand, assets rise and fall in value relative to inflation. If you want to thrive financially, you have to learn how to identify the right investments for your money to flow into and how to find assets that create cash flow. This is what we call investing.

#5 Don’t Be Afraid to Make Mistakes

Rich dad said, “Most people think, but never do. If you do something, you make mistakes, and it’s from our mistakes that we learn the most. Remember that anything important can’t really be learned in the classroom. It must be learned by taking action, making mistakes, and then correcting them. That’s when wisdom sets in.”

In school, we are taught that making mistakes is bad. Whether it’s from the teacher, adults, or other kids who laugh when another makes a mistake, many kids grow up to believe this is a bad thing and tend not to learn from them.

Having the awareness to learn from our mistakes is one of the biggest keys to succeeding. I make mistakes all the time, but I know that I can learn a lot not only to improve my business but also my health, wealth, and happiness.

#6 Taxes Make You Richer

They say there are only two sure things in life: death and taxes. And nobody likes either of them.

My rich dad said to me, “When it comes to taxes, the rich make the rules.”

He also said, “If you want to be rich, you need to play by the rules of the rich.”

One of the reasons the rich get richer is because they earn a lot of money without paying much, if anything, in taxes. They know how to use banks’ tax-free money to become richer.

Anyone can do the same. For instance, instead of paying capital gains tax on the sale of our condo units, real estate laws allowed us to defer paying these taxes and invest them into another property instead. The cash that does come from this property goes into our pockets at a lower tax rate because there’s no Social Security or self-employment tax to pay, and the tax rate is further reduced by the depreciation of the property.

Doesn’t it make more sense to play by the rules of the rich, and earn more while paying less in taxes?

#7 “What did school teach you about money?”

What did school teach you about money?

For most people, the answer is, “not much.” If they did learn anything, what they learned was “Go to school, get a job, save money, buy a house, get out of debt, and invest for the long term in the stock market.” That might have been great advice for the Industrial Age, but it’s obsolete advice in the Information Age.

Our schools, K-12, teach little to nothing about money. Most people still believe in saving money, not realizing that after 1971 debt is money. Without financial education, most people do not realize that the rules of money have changed.

If you want to grow richer, invest in your financial education before you practice using debt as money. Learning to use debt to make you rich gives you unbelievable power, a power very few will ever experience.


Robert Kiyosaki

Robert Kiyosaki
Editor, Rich Dad Poor Dad Daily

P.S. The End of The Middle Class (The REAL Truth)

The middle class is getting wiped… and there’s a small group of 12 unelected officials – and they are responsible for the middle class’ demise.

Fortune calls this group of unelected officials an “enlightened coterie of bankers…”

Former U.S. Representative Dr. Ron Paul told MSNBC, this group is actually more powerful than congress.

And their recent actions are already accelerating the death of the middle class and burying you under more and more debt.

As the Huffington Post said, this is already “making the rich richer and leaving you behind.”

Look, deep down, we all know something has gone wrong with our country…

And yet nobody seems to put their finger on it.

But if you’ve ever had the sneaking suspicion something isn’t right…

If you ever felt that for some reason you never seem to get ahead, despite working hard and doing everything right…

Then you need to take a moment to prepare and even grow your wealth during this massive new transfer of wealth. 

But there’s not much time. Click here to get all the details on what’s happening and what’s soon to come.

Doing more by doing … less.

September 14, 2020
Doing more by doing … less.

We want to do more, but we have no time.

Solution #1: Squeeze in more tasks to move us toward our goals.
Solution #2: Remove stuff from our busy day.

Which solution looks best to you?

Science tells us that “removing stuff” from our busy day works better. It gives us more time to concentrate on the things that matter. What kind of things can we eliminate to give us more time?

  • Scrolling through Facebook for 30 minutes every day.
  • Checking messages on our phones 20 times a day.
  • Surfing shows on Netflix for one hour every day.
  • Taking multiple coffee breaks daily.
  • Staring out the window wondering why we feel unmotivated to exercise.
  • Standing in front of our kitchen cupboard wondering why there are no ready-to-eat pizzas there.

We get the idea. There are many things we do daily that take up our time. Not all of them are important to our mission. When we free up time, we can focus on the core steps we need to move forward.

So do less. See what happens.

Tools and systems vs. skills.

Someone asked me, “Which is better? Tools and systems? Or skills?”

The human mind makes decisions by comparing new data to what it already knows. That is why stories and analogies work so well. They help us compare something new to something we are familiar with.

That is why I answered this question with a short story. Why short? Because people like it when we get to the point. Here is the story.

“Imagine that Tiger Woods, one of the greatest golfers of all time, challenges me, who only watches golf on television while eating donuts, to a head-to-head golf match.

“Through funnels and auto-responders, I download 500 golf instruction videos to my desktop. I practice ‘attraction marketing’ by giving valuable advice to other golfers. And finally, I invest in the finest golf clubs ever manufactured. These tools are the envy of all golfers.

“Tiger Woods only gets a croquet mallet, no golf clubs.

“Who is going to win?”

End of story.

The moral of the story? Learn skills.

Free live Zoom trainings this week.

Join Keith Schreiter for complimentary, LIVE Zoom calls this week. Zooms are 15 minutes with an additional 10 minutes of Q and A.

Tuesday, September 15th at 2PM (8PM BST)
Thursday, September 17th at 2PM (8PM BST)

n the LAST 3 MONTHS, I’ve made…
OVER 8.5 GRAND on JULY 13th

Now that we have GenJava,
I can see my in come 10 FOLDING…
Everybody WANTS GenJava!
It SMELLS Great! It TASTES Great!
It is GREAT!

Jo in FR E E and make MO N EY NOW!
Go Here:
1.) Watch the VIDEO
2.) Submit your In fo
3.) On NEXT PAGE, complete STEP#2
You’re Done!
Then look for my personal email in
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Why grasshoppers can’t drive.

September 12, 2020


Here is why grasshoppers can’t drive.

Take one grasshopper and put him in the driver’s seat of your car.

Then yell, “Drive!”

What does the grasshopper do? Nothing.

And this proves that grasshoppers:

  • Are lazy.
  • Have no motivation.
  • Can’t hear.
  • Lost their vision board.
  • Don’t “want it” bad enough.
  • Didn’t have a strong enough “why.”
  • Flunked at personal development school.
  • Have loser attitudes.

These would be the wrong conclusions.

We never taught the grasshopper how to drive. So how could we possibly expect them to perform a driving function? (Okay, their legs are too short also.)

It is the same with us and our team members. We didn’t learn the step-by-step “how to” for motivation. At least they didn’t teach that at my school. What about yours?

We tell ourselves and team members to, “Get motivated! Take action now!
How is that working?
Usually, not well.

Then we shout:
  • “Face the fear, and the fear will go away.” (Haven’t really seen much of that happening.)
  • “Every ‘no’ gets us closer to another ‘yes’” (The reality? It gets us closer to another ‘no’, so we don’t even try.)
  • “Victory goes to those that take action!” (Sounds good, but hard to get started.)

So when our team and us don’t follow our “motivation guidance”, we jump to the wrong conclusion. We think we are lazy and unmotivated.

But think about our new team members. They gave up television one night to come to our presentation. They reached in their pocket and invested their hard-earned money. Does this sound like lazy and unmotivated people?

Of course not.

They want to work. They want to succeed. But they just don’t know exactly what to do to fix their procrastination and fear that leads to … no motivation!

What about us? Deep down we have motivation, but … it isn’t happening.

  • What is holding us back?
  • Can we fix this problem now?

Great questions.

And that is just the start of our MasterClass.

But the MasterClass isn’t about discussion. It is about fixing the problem, and developing the tools to fix the motivation problem in the future … forever!

How does that sound to you?

Here are our choices. Pick the choice that fits where we are in our business.

Choice #1: Enroll in the upcoming MasterClass to fix motivation challenges. Learn the skills and how to deal with our fears and other obstacles that keep our team and us from getting to work.

Choice #2: Put off and delay learning how to deal with motivation challenges for now. Don’t fix our motivation challenges until later in our career.

The MasterClass starts on Wednesday, September 16.

Keith & Tom

P.S. If you decide not to join us on the MasterClass, here is a tip you can use now.

One way of motivation is to make sure someone’s expectations are higher than what they have today. If they expect more, they will be internally motivated to fix it.

Kraken Executive Says Bitcoin (BTC) Could Soar to $2,000,000 in Massive ‘Super Cycle’ – Here’s Why

he director of business development at Kraken says he believes that the environment is ripe for Bitcoin to begin a major long-term bull run.

In a new YouTube interview with Lark Davis, aka the Crypto Lark, Dan Held explains why he thinks Bitcoin’s time has come.

So far, Held argues, Bitcoin has managed to weather the worst of the coronavirus pandemic without the need for intervention.


“We’ve got a halvening. We’ve got a huge macro backdrop where banks are literally printing a million dollars a second, which happened a few weeks ago with the US, the Fed and the Treasury. And so, there couldn’t be a better moment for Bitcoin than now. I’ve waited eight years to see this.”

The crypto exchange executive says the industry as a whole has grown immensely over the years, citing the rise in the number of investors holding onto BTC as well as an increase in mainstream coverage from outlets like CNBC.

According to Held, the current macro backdrop is fuel for the world’s leading cryptocurrency, considering its limited total supply of 21 million units. Optimistic about Bitcoin’s future, Held points to a contrarian argument that BTC could begin a “super cycle” and move far beyond even the most bullish predictions.

“We’re seeing a scenario where there’s a literal infinite amount of fiat that will be printed, and there’s only 21 million Bitcoin. It’s hard to predict, but long-term, maybe late 2021, is when a lot of the models predict what we might see in historical cycles. The classic models show us at $80,000 to $300,000 per Bitcoin. We could see that. We could see something a little crazier. I call this the Bitcoin super cycle.

We could see Bitcoin enter a super cycle where everyone’s seen that graph of Bitcoin’s price – that log price graph, and you get a little boom bust, boom bust, boom bust. But what if [BTC] went a level step up on a log chart?

If the world truly fears their money being devalued – every institution, every sovereign wealth fund, every central bank – if they all truly fear that, Bitcoin’s not going to stop at $100,000 or $300,000. It could go up to a million or two.”

Despite his optimism, Held warns that Bitcoin is not for everyone, and says anyone considering an investment in the extremely risky asset must be prepared for BTC to lose 85% of its value at any time.

“After you get through your first time of losing 85% of your net worth – that’s happened to me three times. Early 2013, late 2013 and 2017… It’s really fucking hard to hodl Bitcoin. The volatility is so intense…

Satoshi actually hypothesized that Bitcoin’s intense volatility would act as a viral loop bringing people into Bitcoin. He said, as the price increases, more people [will] become aware of it, and wanting to take advantage of the increasing value they buy in, which then further pumps up the price and brings more awareness. And he wrote this before Bitcoin was worth a penny.

So Satoshi very intimately understood human psychology.

And all my bet really is, is will people choose to preserve their wealth? Which is almost unanimously yes. And will they act greedy? And both are kind of one and the same, and I think we can assume humans will act like humans.”

Barr likens mail-in voting to ‘playing with fire’ in testy interview with CNN’s Blitzer

00:00 of 00:35Volume 90%

Attorney General William Barr on Wednesday played up the risks of the widespread use of mail ballots in the upcoming election during a testy interview with CNN, echoing President Trump‘s attacks on a shift to mail-in voting during the pandemic.

“This is playing with fire,” Barr told CNN’s Wolf Blitzer, who pressed the attorney general on his assertions that mail-in voting was subject to fraud.

“We’re a very closely divided country here, and people have to have confidence in the legitimacy of the government,” he continued. “People trying to change the rules to this methodology, which as a matter of logic is very open to fraud and coercion, is reckless and dangerous, and people are playing with fire.”

Barr has previously claimed that mail-in ballots could be subject to counterfeiting by foreign actors. He said he was basing that “on logic” but offered no additional evidence to back up his assertion.

“I don’t have any information because this is the first time we’ve tried such a thing,” Barr said.

Instead, he offered a lengthy argument against the expansive use of mail voting that many states are eyeing this year in light of the coronavirus pandemic, which has made it potentially unsafe for swaths of Americans to vote in person.

The attorney general cited a 2005 study from a bipartisan commission led by former President Carter that warned mail ballots were at risk of fraud and coercion. Carter has since embraced mail-in voting, citing additional safeguards put in place.

The interview grew increasingly tense as Blitzer pointed out that multiple states rely entirely on mail-in voting to conduct their elections, with Barr imploring the anchor to “let me talk.”

The attorney general argued that the narrative around the safety of mail-in voting has shifted during the Trump administration but that the risks remain. He cited the case of a Texas man who collected 1,700 ballots and then used them all to vote for his preferred candidate.

“Now what we’re talking about is mailing them to everyone on the voter list when everyone knows those voter lists are inaccurate,” Barr said. “People who should get them don’t get them … and people who get them are not the right people.”

“Do you think that’s a way to run a vote?” he asked.

Barr allowed that absentee voting is acceptable for individuals who are at a higher risk of falling seriously ill if they contract the coronavirus, noting that he has personally voted absentee in the past.

Barr’s dire predictions about mail ballots align with the president’s months-long campaign to undermine confidence in the process. Trump has repeatedly claimed that if mail-in voting is widespread in November, the result will be “fraudulent” or “rigged.”

Trump has in the past made numerous baseless claims about voter fraud, and elections experts have repeatedly said there is minimal meaningful fraud associated with mail ballots. They have pointed to safeguards in place such as signature verification and bar codes for tracking.

Stop Doing Business

The World Bank should no longer publish its Doing Business index, owing to its flawed design and vulnerability to manipulation. The Bank also owes the developing world an apology for all the harm this misleading and problematic tool has already caused.

NEW DELHI – The World Bank’s Doing Business index has been both conceptually and operationally suspect since its inception in 2003, but mainstream economists have only recently started to criticize it. Although the Bank’s own recent acknowledgement of some of the problems is welcome, the index has already caused huge damage to developing countries, and it should be scrapped.

The Bank has already been forced to suspend publication of the index, owing to “irregularities” in its data. The latest brouhaha concerns straightforward number fudging. Apparently, data from four countries – Azerbaijan, China, Saudi Arabia, and the United Arab Emirates – were inappropriately altered, at least for 2017 and 2019 (thus affecting the 2018 and 2020 Doing Business reports). Other irregularities may have occurred, too. The Bank has begun a “systematic review” of the last five years of data, launched an independent audit of the process, and pledged to correct the most-affected countries’ data.

But this is a minor issue compared to all the other concerns with the index. Paul Romer, then the Bank’s chief economist, highlighted some of these in a stinging 2018 criticism of the tool. According to Romer, most of the changes in country rankings over the previous four years had resulted from repeated methodological changes that gave more weight to national governments’ political orientation.

Specifically, Romer said that data for Chile appeared to have been manipulated to show that the country’s business environment had deteriorated under a left-wing government. Chile’s overall ranking fluctuated between 25th and 57th between 2006 and 2017, when the country’s presidency alternated between the socialist Michelle Bachelet and the conservative Sebastián Piñera.

Under Bachelet, Chile’s ranking consistently worsened, while it consistently climbed under Piñera. Romer even offered “a personal apology to Chile, and to any other country where we conveyed the wrong impression.” He implied that the Bank had manipulated the country’s rankings for political reasons, but was later forced to retract that allegation, and resigned from his position two weeks later.

Justin Sandefur and Divyanshi Wadhwa of the Center for Global Development compared the official Doing Business rankings with their own re-created rankings from 2006 to 2018, based on a constant sample of countries and a consistent methodology. They found that the decline in Chile’s ranking during the Bachelet presidencies and its rise when Piñera was in office resulted entirely from methodological tinkering. Chile’s laws and policies barely changed.


The Green Recovery

Join our virtual sustainability event, September 16-17, for a series of in-depth discussions on the path to a green recovery, with an emphasis on biodiversity, energy, public investments, and financial and corporate governance.


As with all cross-country comparisons, followers of Doing Business focus on a country’s rank rather than the value of the index, and the standings generate huge media coverage every year. Even academic researchers have (wrongly) used the rankings as indicators of government support for private investment. As a result, governments vie to improve their country’s ranking in the hope of attracting more foreign investment and boosting their domestic credibility.

Policymakers have sometimes resorted to desperate (and effective) measures to game the system. Most notoriously, the Indian government tweaked regulations in order to improve the country’s index score, enabling India to rise dramatically in the rankings, from 142nd in 2015 to 63rd in 2020.

But again, India’s rise stemmed largely from methodological adjustments, as well as ranking changes caused by small differences in scores across similar countries. Ironically, India’s ranking improved even as its investment rate (as a share of GDP) declined continuously, from 40% in 2010 to around 30% in 2019.

How could the Doing Business index be so off the mark in these two cases? True, strong conflicts of interest can potentially arise when the Bank calculates the index, whether because of its staff’s ideological inclinations or the need to placate big, financially important countries. But the index’s biggest problem is that its design is fundamentally flawed.

The index is supposed to measure a country’s overall business environment, but it really covers only government regulation (except for the tax indicator, which includes taxes as share of gross profit). It leaves out some regulations that affect businesses, such as financial, environmental, and intellectual-property rules. More important, the index does not measure all aspects of the business environment that matter to companies or investors, including macroeconomic conditions and policies, employment, crime, corruption, political stability, consumption, inequality and poverty.

Moreover, the index focuses entirely on the “ease” of doing business and the costs of regulation for companies. It gives no consideration to the benefits of these regulations and whether they create a better overall business environment. Likewise, Doing Business regards taxes only as a cost, and not as a source of revenue that can be used to deliver important economic benefits such as modern infrastructure and an educated workforce.

The overall thrust of Doing Business is thus anti-regulatory: the fewer regulations a country has, the better it performs on the index. The inclusion of the tax rate in the underlying indicators is so egregious that two independent evaluations commissioned by the World Bank suggested leaving it out.

As Isabel Ortiz and Leo Baunach have noted, the index effectively “undermines social progress and promotes inequality.” That is because it “has encouraged countries to take part in the ‘deregulation experience’ including reductions in employment protection, lower social security contributions (denominated as ‘labor tax’), and lesser corporate taxation.”

Ortiz and Baunach are correct to argue that it is time to stop publishing Doing Business. And the World Bank owes the developing world a debt of contrition for all the harm this misleading and problematic tool has already caused.

The Pandemic’s Most Treacherous Phase

The most dangerous phase of the COVID-19 crisis in the US may actually be now, not last spring. If the economy falters a second time, whether because of inadequate fiscal stimulus or flu season and a second COVID-19 wave, it will not receive the additional monetary and fiscal support that protected it in the spring.

BERKELEY – April marked the most dramatic and, some would say, dangerous phase of the COVID-19 crisis in the United States. Deaths were spiking, bodies were piling up in refrigerated trucks outside hospitals in New York City, and ventilators and personal protective equipment were in desperately short supply. The economy was falling off the proverbial cliff, with unemployment soaring to 14.7%.

Since then, supplies of medical and protective equipment have improved. Doctors are figuring out when to put patients on ventilators and when to take them off. We have recognized the importance of protecting vulnerable populations, including the elderly. The infected are now younger on average, further reducing fatalities. With help from the Coronavirus Aid, Relief, and Economic Security (CARES) Act, economic activity has stabilized, albeit at lower levels.

Or so we are being told.

In fact, the more dangerous phase of the crisis in the US may actually be now, not last spring. While death rates among the infected are declining with improved treatment and a more favorable age profile, fatalities are still running at roughly a thousand per day. This matches levels at the beginning of April, reflecting the fact that the number of new infections is half again as high.

Mortality, in any case, is only one aspect of the virus’s toll. Many surviving COVID-19 patients continue to suffer chronic  and impaired mental function. If 40,000 cases a day is the new normal, then the implications for morbidity – and for human health and economic welfare – are truly dire.

And, like it or not, there is every indication that many Americans, or at least their current leaders, are willing to accept 40,000 new cases and 1,000 deaths a day. They have grown inured to the numbers. They are impatient with lockdowns. They have politicized masks.


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This is also a more perilous phase for the economy. In March and April, policymakers pulled out all the stops to staunch the economic bleeding. But there will be less policy support now if the economy again goes south. Although the Federal Reserve can always devise another asset-purchase program, it has already lowered interest rates to zero and hoovered up many of the relevant assets. This is why Fed officials have been pressing the Congress and the White House to act.

Unfortunately, Congress seems incapable of replicating the bipartisanship that enabled passage of the CARES Act at the end of March. The $600 weekly supplement to unemployment benefits has been allowed to expire. Divisive rhetoric from President Donald Trump and other Republican leaders about “Democrat-led” cities implies that help for state and local governments is not in the cards.

Consequently, if the economy falters a second time, whether because of inadequate fiscal stimulus or flu season and a second COVID-19 wave, it will not receive the additional monetary and fiscal support that protected it in the spring.

The silver bullet on which everyone is counting, of course, is a vaccine. This, in fact, is the gravest danger of all.

There is a high likelihood that a vaccine will be rolled out in late October, at Trump’s behest, whether or not Phase 3 clinical trials confirm its safety and effectiveness. This specter conjures memories of President Gerald Ford’s rushed swine flu vaccine, also prompted by a looming presidential election, which resulted in cases of Guillain-Barré syndrome and multiple deaths. This episode, together with a fraudulent scientific paper linking vaccination to autism, did much to help foster the modern anti-vax movement.

The danger, then, is not merely side effects from a flawed vaccine, but also widespread public resistance even to a vaccine that passes its Phase 3 clinical trial and has the support of the scientific community. This is especially worrisome insofar as skepticism about the merits of vaccination tends to rise anyway in the aftermath of a pandemic that the public-health authorities, supposedly competent in such matters, failed to avert.

Studies have shown that living through a pandemic negatively affects confidence that vaccines are safe and disinclines the affected to vaccinate their children. This is specifically the case for individuals who are in their “impressionable years” (ages 18-25) at the time of exposure, because it is at this age that attitudes about public policy, including health policy, are durably formed. This heightened skepticism about vaccination, observed in a variety of times and places, persists for the balance of the individual’s lifetime.

The difference now is that Trump and his appointees, by making reckless and unreliable claims, risk aggravating the problem. Thus, if steps are not taken to reassure the public of the independence and integrity of the scientific process, we will be left only with the alternative of “herd immunity,” which, given COVID-19’s many known and suspected comorbidities, is no alternative at all.

All this serves as a warning that the most hazardous phase of the crisis in the US will most likely start next month. And that is before taking into account that October is also the beginning of flu season.

Don’t be a jerk.

Don’t be a jerk.

When we see a prospect, and then decide not to tell the prospect what we have to offer, that is rude. We are being a jerk.

We decided to say “no” for the prospect.

Scared of approaching or telling the prospect about our offer? Let’s fix that. We should figure out a way to tell the prospect about our offer in a way that is comfortable for us.

Withholding the luxury of choice from prospects isn’t nice.

The best part of network marketing?

It is something we want to do.

Networking is about connecting – not broadcasting.

How do we feel when someone throws a flyer at our front door? That is one-way communication and we don’t connect with the flyer’s offer.

How do we feel when someone sends us a spam offer in our email? That is one-way communication and we don’t connect with the offer.

How do we feel when someone talks at us in a commercial or video? That is one-way communication and we don’t connect with the offer.

Networking is “live” two-way communication with a person. Something to think about if we are in network marketing.

I wanted to go to the local gym, and then take 365 pictures. I could then post one picture every day and people would think I worked out regularly.

My plan failed as I couldn’t get the motivation to go to the gym.

What kills our motivation, and the motivation of our group?
“The dog ate my homework” excuse will not do. This is our business, and our paycheck.
Motivation is 80% of our career, and the missing skills make up the 20% that hold us back.
But what if our team isn’t motivated? What if we lose our motivation?
What causes this? What should we do?
Join our next MasterClass, or at least read the two starting secrets we can use immediately in the next 60 seconds. Here is the link to read:


Enjoy the upcoming weekend!

Keith & Tom “Big Al” Schreiter


The United States is Facing the Biggest Bubble in HISTORY

The United States is Facing the Biggest Bubble in HISTORY

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Robert KiyosakiRobert Kiyosaki

Editor, Rich Dad Poor Dad Daily


Dear reader,

There are two countries in an economic depression as of 2020. They are Zimbabwe and Japan. The facts are, both countries have been in depression for over 30 years, since the 1990s. In 1990, Japan entered the “Lost Decade,” now the “Lost Decades” as it nears the 40-year mark.

A very important point is that both countries are rich countries. Zimbabwe, once known as Rhodesia, was the Breadbasket of Africa. Today, Zimbabwe is the basket case of Africa. Japan, on the other hand, is a very rich, high-functioning, productive country. And yet it’s been in depression for 30 years. The problem is the differences in their governments’ fiscal and monetary policies. And the fact that Japan’s debt is financed in Japanese currency, the yen.

What About America? In 2008, America entered its “First Lost Decade” and I would argue that, in 2018, America entered a second “Lost Decade”.

Many people think the United States is headed for a depression. I think it will be a deflationary depression, with a slight difference.

The U.S. dollar is the reserve currency of the world, which makes America a little different. The U.S. dollar became the reserve currency of the world in 1944, at the Bretton Woods Conference. The problem is that in 1971 the United States broke its promise to keep the U.S. dollar backed by gold. Today, the world is in debt to the United States.

In other words, the U.S. dollar is strong because hundreds of trillions of dollars of global debt is in U.S. dollars.

A giant stock-market crash is coming, but the market crash is not the problem. Predicting a market crash is not a big deal. All financial markets go up, and all financial markets come down. Market cycles are a part of life. Predicting a market crash is like predicting the coming of winter.

The issue is that the next market crash will reveal big problems. The next crash will be especially hard because three generations have pushed a bigger problem forward—the problem of how people support themselves once their working days are over. That is an unprecedented problem that grows bigger every day.

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You may not want to listen to what this government insider says right here about the 2020 election.

But if what he predicts could happen in November turns out to be true…

Then millions of American families could see their lives change as they know it.

Click here for this former government
insider’s take


Short Term Signs We’re in a Bubble

#1 Market Cycles

Since 1970, the average business cycle has lengthened from five years to seven years—approximately 82 months.

It’s easy to see this as true by looking backward:

In February 2016, investors left stocks and went running to safe-havens like bonds and gold, primarily driven by concerns about economic growth.

Seven years prior to that, in March 2009 the Dow fell up to 6440. A percentage decline exceeding the pace of the market’s fall during the Great Depression.

Seven years prior to that, The 2001 recession was an eight-month economic downturn that began in March and lasted through November.

If you want to know when the next downturn will be, estimate 7 years from 2016.

Some economists are predicting December 2022/January 2023 for the next trough.

#2 Unemployment

In February 2020, the unemployment rate hit 3.5 percent. According to cycle trends, the date in history could mark the peak of the economy.

Researchers suggest that when unemployment is at an all-time low, as it was in February, one could predict that five to seven months later the stock market will reach it’s high for that cycle.

#3 Advance-decline line

The advance-decline line, a technical stock market indicator to measure the number of individual stocks participating in a market rise or fall is making a new high.

A lot of technicians will point that out and they draw the conclusion that with the AD line making a new high, the Dow, the S&P, and everything should follow.

1929 Style Top

In my opinion, the next crash will be a big one and a long one. The last Great Depression lasted 25 years, from 1929 to 1954. In 1929, the Dow peaked at 380. It took 25 years, until 1954, to reach 380 again. This next depression may last longer because the Fed and Central Banks throughout the world are out of ammunition (at sub-zero interest rates and Quantitative Easing, ie: printing money) and cannot save the world again.

Unfortunately, the coming crash and possible depression will wipe out the pensions of millions of people, many of whom are Baby Boomers who are out of time. On the flip side: it will be the “sale of the century” for those who are prepared.

No one knows how long the coming depression will last. The Great Depression that began with the stock market crash of 1929 lasted for 25 years, until 1954. The most important question is: Will you have sustainable cash flow and be able to survive and thrive for what could be several decades?

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The firm that called the EXACT PEAK of the dot-com boom has just issued another major prediction.

If you’ve got money invested in the market – and especially in popular tech stocks – this is critical information for the days ahead…

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So, Where Are We Today?

Just as it did in 1929, if the stock market does crash like so many are predicting, it will eventually come back, but remember that it took from 1929 to 1954 for the market to return to the all-time high of 381.

When the stock market does come back, there will be new companies making up the Dow. New blue chips will dominate. The real estate market will eventually come back when populations grow and jobs finally return. But there will be new families living in the old mansions. And there will also be many more homeless people.

But the old economy, the economy as we knew it, is not coming back. The economy has moved on. The old economy born around 1954 is dying. A new economy is being born, an economy that will be led by kids born after 1990, young people who only know the invisible, high-speed world of the internet.

There is good news for those who are ready to move on into a brave new world: This is the best of times for those willing to study, learn quickly, work hard, and not join the chorus of negative people. Learn from the past to succeed in the future. This is your time to become rich—if you want it to be.

Look out for part two tomorrow: the longer term…


Robert Kiyosaki

Robert Kiyosaki
Editor, Rich Dad Poor Dad Daily

P.S. Do you think the Pandemic Crisis is over?

It’s the question on everyone’s mind right now.

Luckily, me and one of the smartest minds in finance decided to go on camera to answer that question.

Click here to see it.

But warning…

The answer will most likely shock you.

This is the story the mainstream media is NOT reporting.

You see, we do not work for Wall Street or any media… so we’re 100% independent.

That means we aren’t taking any money to fulfill a particular agenda.

And because of that, we aren’t beholden to anyone.

If you think you can handle the truth, click here.