the biggest stock market crash in history, page-3

Rich Dad's Prophecy: Why the Biggest Stock Market Crash in History is Coming...and How to Profit from It!

by Robert T. Kiyosaki

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Be forewarned. Today millions of people depend on their 401(k) plans for their retirement income. Thanks to the Employee Retirement Income Security Act (ERISA), employees have been planning their own retirement finances - and benefiting from the stock market's historic steady climb. Yet when 401(k)s first became popular more than two decades ago, Robert Kiyosaki's rich dad predicted grave financial consequences for the unprepared. Rich dad said, "Pension reform started by ERISA has flaws, flaws that will not be realized for years to come."

Now the storm clouds have gathered. Some 20 years after ERISA was signed into law, rich dad's prophecy has begun to come true. On April 3, 2000, the U.S. NASDAQ exchange recorded its biggest ever one-day fall. Then Enron and WorldCom filed two of the largest corporate bankruptcies in U.S. history, wiping out thousands of jobs and their employees' hopes. With companies in disarray and an ever-volatile stock market, Robert Kiyosaki says that the worst is still to come.


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