7/29/2019 Your Money is Fake and Making You Poorer

Your Fake Money and Making You Poorer

Written by Robert Kiyosaki | Tuesday, April 16, 2019
Read time: 5 min
1.4K

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Why the world is lled with fake money and how you can get richer using it
7/29/2019 Your Money is Fake and Making You Poorer

The #1 lesson in “Rich Dad Poor Dad” is, “The rich do not work for money.”

Today, I modi ed that to, “The rich do not work for fake money,” in my new book “Fake: How Lies are Making the Poor and the Middle Class Poorer
(https://www.amazon.com/FAKE-Teachers-Assets-Making-Middle/dp/1612680844/ref=sr_1_fkmrnull_1?
keywords=fake+by+robert+kiyosaki&qid=1554315455&s=gateway&sr=8-1-fkmrnull).”

To understand the modi cation, you must take a brief history lesson.

“The world is about to change”

As a young man on my second tour of duty in the Vietnam War in 1972, I got a letter from my rich dad that read, “President Nixon took the dollar off the
gold standard. Watch out, the world is about to change.”

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 7/29/2019 Your Money is Fake and Making You Poorer

(https://www.barnesandnoble.com/w/fake-robert-t-kiyosaki/1128665847?ean=9781612680842#/)

I didn’t quite know what rich dad meant at the time, but I was intrigued. I read “The Wall Street Journal” to search for answers. One article that caught my
attention was on gold. The price was uctuating from $35 an ounce to $40 to $60 an ounce.

Thinking we were smart, a fellow pilot named Ted and I ew from our carrier across 25 miles of sea into enemy territory. We hoped to nd a gold dealer
and get a good deal.

We tried to negotiate with an old woman in a small village, our opening bid $40 an ounce. Little did we know, spot was $55. The tiny woman we were
bargaining with just smirked and was probably thinking, The two of you are idiots. Don’t you know that the spot price of gold is the same all over the world?

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 7/29/2019 Your Money is Fake and Making You Poorer
Thankfully we got out of there without any detection by the enemy, but we certainly didn’t get a deal on gold. Most important, we did get a lesson on real
money.

What is fake money?

When President Nixon took the U.S. dollar off the gold standard in 1971, the U.S. dol-lar became fake money. This is because rather than be tied to real
money—gold—it was tied to the “full faith and credit” of the United States. Translation: it became a giant IOU.

Why would Nixon do this? Because the trade de cits between the US and other countries were growing too much. Because we were importing more than
we were exporting goods, we were losing our gold.

To understand how taking the dollar off the gold standard turned the US dollar into fake money, you need only to look at this chart.

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7/29/2019 Your Money is Fake and Making You Poorer

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 7/29/2019 Your Money is Fake and Making You Poorer
How does this happen? When a currency is not tied to real money, governments are able to print more and more money out of thin air. This leads to
in ation, the devalu-ing of the purchase power of that currency. Look at this chart to see how the US government printing money out of thin air has
impacted the dollars purchasing power.

This is nothing new. Countries from ancient Rome to Weimar Republic Germany to modern day Zimbabwe have printed or debased money to the point of
nohttps://www.richdad.com/fake-money
return. This results in hyperin ation where money literally becomes worthless and people use it to create res rather than to buy things. 6/9
The rich use fake money to get richer…and make you poorer
7/29/2019 Your Money is Fake and Making You Poorer

In my last post, “Three Fake Things that Could Ruin You Financially (/resources/rich-dad- nancial-education-blog/april-2019/three-fake-things-that-could-
ruin-you- nancially),” I wrote about my studies with Dr. R. Buckminster Fuller, who wrote the book “Grunch of Giants.” Grunch stands for Gross Universal
Cash Heist.

That book was a revelation for me as a young man because I learned how those with the most power in the world manipulate money to steal from the
middle and poor classes. They are the puppet masters who know how to manipulate fake money to make real money and acquire vast amounts of real
assets.

I also wrote about the article by Steven Brill called, “How My Generation Broke America,” in “Time” magazine. Here’s an excerpt from what I wrote:

Quoting Steven Brill from the article:

As my generation of [Baby Boomer] achievers graduated from elite universities and moved into the professional world, their personal successes often
had serious societal consequences.

Translation: The elites got greedy taking care of themselves, at the expense of others.

They... created an economy built on deals that moved assets around instead of building new ones.

Translation: The elites focused on making themselves rich, rather than creating new businesses, new products, more jobs, and rebuilding the U.S.
economy.

They created exotic, and risky, financial instruments, including derivatives and credit default swaps, that produced sugar highs of immediate profits but
separated those taking the risks from those who would bear the consequences.

Translation: The elites created fake assets that made themselves and their friends rich and ripped off everyone else. When the elites failed, they were
paid bonuses. Mom, Pop, and their kids would pay for the elite’s failures via higher taxes and inflation.

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 7/29/2019
Long story short, the ultra-rich and elites are able to utilize the volatileYour Money is Fake and Making You Poorer
nature of the dollar and fake money to create vast amounts of wealth for
themselves. Meanwhile the poor and the middle class get poorer.

The difference between the rich and poor = knowledge

The reason why fake money is so dangerous is because most people do not know that their money is fake. So, they do what they are taught. They save it.
The problem is that savers are losers when money is fake. It devalues over time and becomes more and more worthless.

The rich know the difference between fake and real money. That is why rich people use fake money to buy real money, i.e., gold and silver, as well as
assets with real value like real estate and commodities. By doing this, they print their own fake money (cash ow) that they then use to purchase more
real money and assets.

Print fake money to buy real assets like the rich do. Here's all you need to do it... legally.
On one level, you probably already print fake money. When you save money in the bank and get interest from that bank, you’re printing money. Granted it’s
very little that you’re printing, but you’re doing it.

Conversely, when you use your credit card, you’re printing money for the bank by paying them an interest rate.

In the former scenario you print money at 2%. In the latter one, you print money at 18%. You can see how the rich know how to use fake money to make
you poorer and them richer.

The good news is you can also print fake money to buy real money and real assets like the rich do. All you need is the knowledge and to take the initiative.

For instance, in my article, “Rich Dad Fundamentals: OPM (/resources/rich-dad- nancial-education-blog/june-2011/rich-dad-fundamentals-opm),” I share
how you can make an in nite return on your money by using other people’s money to invest.

And in my new book, “Fake: How Lies Are Making the Poor and Middle Class Poorer (https://www.barnesandnoble.com/w/fake-robert-t-
kiyosaki/1128665847?ean=9781612680842#/),” I go into even greater detail on how to think and act like the rich to use fake money to your advantage. I
also share in depth my philosophies on gold and silver, which I use not as an investment but as a hedge, and how you can easily get started building your
wealth through gold and silver.

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 7/29/2019 Your Money is Fake and Making You Poorer
I wrote “Fake” because I’m on a mission to level the playing eld between the rich and the poor, the elites and the average folks. The lessons I teach on
fake money, fake teachers, and fake assets are essential to learn in order to make sure you can grow richer in a world that has and continues to change.

1.4K

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