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Chapter Five it is worth less and less) to the owners of the apartment houses. With this inflated money from the government, I will pay off my millions in debt with counterfeit money. If the economy collapses, the government will help me pay off my assets simply because the government does not want millions of people on the streets. I invest in oil because oil keeps the world running, fed, and warm. And I invest in gold and silver because, when governments print money, gold and silver retain their intrinsic value. There are many different types of assets that are essential to the economy. Find the ones that interest you. FAQ How do you know what is important to the economy? Short Answer Look at financial statements, especially the expense column. Explanation When you look at a person’s financial statement, if they have one, you can see what is important to them and their personal economy. Their personal economy is what they must spend money on. A few examples are: INCOME STATEMENT Income

Expenses Taxes: to stay out of jail Shelter: a roof over their head Food: without food, cannibalism is next Fuel: we need to keep moving and warm Clothing: most look better with clothes on Communication: cell phones Transportation: humans need to get to work Entertainment: recreation, movies and TV Education: for economic survival

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Profile for Jamiel Cotman

Unfair advantage ebook  

by Rich Dad, Robert Kiyosaki

Unfair advantage ebook  

by Rich Dad, Robert Kiyosaki

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