Page 177

Chapter Five As his friends grew richer, my dad grew angry and bitter. As his anger grew, so did his belief that rich people were greedy people. Today, millions of people are in the same shoes as my poor dad. Many are well-educated, hardworking people, but they are falling behind, rather than getting ahead in this crisis. They fall behind because they work for money and save money.

Congratulations! You’re a Trillionaire! We know the world is printing money. The world prints money in good economies and bad economies. The question is: How much money is being printed? If the United States is printing trillions of dollars, how much is the rest of the world printing? Perhaps a better question is: What will trillions in printing-press money do to you? Will trillions of dollars make you richer, or poorer? If the financial turmoil of the past few years leads us into hyperinflation, there will be more millionaires, billionaires, and even trillionaires. You might be one of them. Ironically, in this brave new world, there are already many trillionaires, but they are broke. For example, if you moved to Zimbabwe today, you could be a trillionaire in Zimbabwe dollars. In fact, if you want to be a trillionaire, all you have to do is go online and buy a Zimbabwe trillion-dollar bill and you can go around telling your friends, “I’m a trillionaire.” You would be a trillionaire, but you’d still be broke. Welcome to the new economy. I carry a one-hundred-trillion Zimbabwe note in my wallet. Numerically, that is $100,000,000,000,000. I carry it to remind me that one hundred trillion Zimbabwe dollars may buy me an egg in Zimbabwe, but only if the egg is on sale. Too much money is the trap of the new economy. In spite of trillions of dollars in the U.S. economy, millions of Americans are broke or will soon be broke. 168

Profile for Jamiel Cotman

Unfair advantage ebook  

by Rich Dad, Robert Kiyosaki

Unfair advantage ebook  

by Rich Dad, Robert Kiyosaki

Profile for jfcotman
Advertisement