Why Your Dollars Are Really Debt
Most people think their cash is money. But the reality is that it’s debt. This is confusing for normal people – and for good reason.
In the second installment of his series on “Why This Crisis Doesn’t Make Sense to Normal People,” Robert Kiyosaki explains why your banker wants you to use your credit cards and spend your savings–and why understanding the system will help you win as others lose financially.
All of the paper money in your wallet or bank account is really debt. In earlier times, paper money was backed by gold or silver. After 1971, money became an IOU from the government. Today, money doesn’t exist unless someone borrows money."
– Excerpt from Robert’s Conspiracy of the Rich bulletin
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