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Unfair Advantage The United States has three basic options. They are: 1. Default on our debts, aka declare bankruptcy. This will change the world economy. 2. Cut spending, increase taxes, and pay bills. This will change the world economy. 3. Print more money, kill the dollar, and pay the bills with counterfeit money. This will change the world economy. The average person, like the monkey with its fist stuck in a tree, has no idea what is going on with the U.S. dollar or the world economy. All the average person cares about is making enough money to put food on the table and keep a roof over their head. Like a monkey clinging to what they have, the average person actually believes the money in their grasp is real money. The average voter actually believes their elected officials can solve this global financial crisis. Few people realize the global financial problem is bigger than any one leader or one country. In this book you will discover how the rules of money are different in the Information Age and how to adapt to the new global rules of money. In 1972, President Nixon opened the door to China. Today, China is a very poor country rushing to become the world’s next superpower. In the coming decade, China will continue to grow economically but will also grow more unstable as they battle inflation, position for more world political clout, and push for an international reserve currency outside of the U.S. dollar. Additionally, the economic growth will cause trouble internally as the divide between the rich and the poor grows. Their instability will cause financial ripples, economic booms and busts that will be felt throughout the world. Like most monkeys, the average person can see the trees but not the forest. Americans are probably in a worse condition, however, because they live in a fishbowl where the world looks in at us, but we cannot see the world outside the fishbowl. 7

Profile for Jamiel Cotman

Unfair advantage ebook  

by Rich Dad, Robert Kiyosaki

Unfair advantage ebook  

by Rich Dad, Robert Kiyosaki

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