from The Rich Dad Channel
In 1971, President Richard Nixon changed everything by removing the U.S. dollar from the gold standard. Suddenly, the dollar was still the world’s currency, but now it was backed by nothing. The United States was free to print as much money as it wanted, and the world went along.
During the financial crisis of 2008, the Fed printed $4.5 Trillion to save the rich, and this year, Robert Kiyosaki predicts they will have to print $6-8 Trillion to save the U.S. Economy. What happens when the Fed prints this much money? The dollar becomes worthless.
Listen as Robert explains why saving fake money (cash) and buying gold and silver could save your wealth during this crisis.