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Chapter Three

UNFAIR ADVANTAGE #3 DEBT In 1971, President Richard Nixon took the U.S. dollar off the gold standard. The result? Savers became losers, and debtors became winners. FAQ Why did savers become losers? Short Answer Because in 1971, the U.S. dollar stopped being real money. And when governments print a lot of funny money, savings lose value. FAQ How much money is the United States printing? Short Answer A lot. Longer Answer In 2010, the U.S. national debt was over $13 trillion. Unfunded debt was over $107 trillion and growing. In 2010, the U.S. government printed nearly $1 billion a day and the amount continues to grow.

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Profile for Jamiel Cotman

Unfair advantage ebook  

by Rich Dad, Robert Kiyosaki

Unfair advantage ebook  

by Rich Dad, Robert Kiyosaki

Profile for jfcotman
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