MONEY IS NOT AN ASSET

Few people realize that the root of our problem is our money, the very thing we work for and hang on to, few people realize that those who control the money system wants us to need more and more of their toxic money. The more we need money, the more they can print, the more they print, the weaker we become, the weaker we become, the more dependant on the government we’ll be, and as that happens, society gradually shifts towards socialism.

The day August 15,1971, was the year the US dollar died, on that day president Nixon severed the relationship between the US dollar and gold. On that day the dollar became monopoly money, this however was followed by the biggest economic boom in history, but the only problem was this boom was caused by debt, not money; inflation, not production, by borrowing not working, therefore in many ways it was money for nothing- because money really became nothing.

After 1971 the central bankers could create money by merely printing more paper, and with today’s digital world, bankers do not need paper to create money, as you read this trillions of dollar, yen, pesos, euros and pounds are being electronically created. BBC has currently recorded an international inflation rate of 4.2%. Pretty much high against interest rate from most investment turnover like the conventional 401k.

Technically the money in your wallet is not money but a IOU note; our money is debt. The reason we are such financial crisis is because of the bankers rule of monopoly which allowed our biggest banks and wall Street to package debt and sell to the world as asset. For every 1 dollar which you save the bank can print and lend out 12 dollars, practically lending out money they do not have or earn then changing you interest for it. Since the dollar was severed from the gold its value has dropped by 87%

Historically every time governments print their own money, that money eventually reverted back to its real value: zero. The more and more printed the lesser the value, the lesser the value the more we work for less and less. However nothing really is certain that monopoly money will eventually go to zero, but yet one still has to prepare for the worse. If eventually our money does go to zero, the worldwide chaos will be cataclysmic, it will be the biggest wealth transfer in history, the rich will get richer, the poor, poorer, while the middle class will be wiped out.

If money is now fiat currency, looses it value as more bad money, that is IOUs are printed to dilute the existing money pull, as more bailouts are carried out by the government, People in turn will be required to pay for all of this with higher taxes, cost of living, and lastly through inflation which in my opinion is the core reason for the switch.

First of all to understand this concept is to know the definition of a liability ; something that looses value, and takes money away from your pockets which is pretty much what inflation does. Prior to 1971, people could actually save their money and it would still retain its value, inflation happened at a very very low rate if it did occur, why because it was backed up by gold, having money then was equivalent to having gold, for money was more like a receipt for gold owned at the bank which then allows you to easily exchange money for gold. But after that date, savers became losers as the more money sat idle, inflation was rapidly catching up. What would have been bought for $5 originally would later cost $10 over time.

According to Kiyosaki learning how to use debt and learning how to control your personal cash-flow is the smartest route. Knowing the difference between good debt and a bad debt, good debt puts money into your pockets, while bad debts does the opposite. By choosing to invest in things that’ll bring you return in the long run would shelter you during rainy days, and if money be saved it is better to keep them in forms such as gold, silver and other goods which appreciate in value.

I would recommend this book featured on this post to people who haven’t read this book yet, it is never too late to take actions to secure your financial future and freedom.

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