Imagine a world where money is like air – endlessly pumped out, its value constantly thinning. This isn't science fiction; it's the reality we've been living in since 1971, according to financial maverick Robert Kiyosaki. Buckle up, because we're about to dive down a rabbit hole where the rabbit himself might be wearing a gold Rolex.
Kiyosaki argues that the year 1971 marked a grand heist – not of jewels or gold bars, but of something far more insidious: the very foundation of a stable financial system. This heist, masterminded by none other than President Nixon, involved taking the US dollar off the "gold standard."
Think of the gold standard like a strict teacher. Every dollar in circulation had to be backed by a specific amount of gold, ensuring its value remained relatively stable. But Nixon, in a now infamous move, ripped up that rulebook. Enter the era of "fake money," as Kiyosaki calls it. Central banks like the Federal Reserve were now free to print money seemingly at will.
Robert Kiyosaki: "What's Coming Is Worse Than You Ever Thought, You Can Get Rich If You're Prepared"
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