Page 81 - Why We Want You To Be Rich - Donald Trump, Robert Kiyosaki.pdf

, WHY WE WANT You To BE RICH I 75

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approximately $250 an ounce. By
2006, just 10 years later, gold was
The financial problems
selling for over $600 an ounce. As
an example, in 1996, if you had we all face are now
put $1,000 in the bank, today bigger than the U .S,,~
(2006) it would be worth less
governmentalone can
than $500 in gold. Instead, ifyou
handle ... However, the
had purchased four ounces ofgold
for $1,000, today that gold would problems have'not been
be worth $2,400. solved and now are

This 1971 change in the rules becoming global
meant that savers became losers. problems, beyond.tho
People who believed that their
borders of our.country
money was safe in the bank lost,
and beyond the control
simply because they did not really
have money in the bank - they of our political leaders.
had a currency, an IOU from our
- Robert T.Kiyosaki
government. People who live on
fixed incomes will find life more
expensive - their dollar will not
go as far. What the government is telling these people is that the
problem is inflation. What the government does not tell them is that
the problem is reallydevaluation. Our dollar isdropping in value simply
becauseour government isprinting more money to solvetheir problems.
By the year 2020, a loafofbread may cost $12, but pension checks, for
those who get them, will stay the same. This problem leads to the next
problem.

4. Baby boomers without money: We've emphasized the fact that in
the next few years, the first of75 million baby boomers will begin to
retire. Many have inadequate funds to retire on. This lack of savings is
caused partly by a law known as Gresham's Law. Gresham's Law states
that when bad money enters the system, good money goes into hiding.

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