Money, Money, Everywhere
For someone out of work, deeply in debt, and not earning enough money to make ends meet, it’s hard to imagine that the world’s problem is too much money. It’s like the old saying, “Water, water, everywhere, but not a drop to drink.”
The world’s problem is too much money. The problem is that without financial education in our schools, which is part of the conspiracy, most people—even highly educated people from good schools—are short of money even while floating in a sea of money.
Today, trillions of dollars are circling the globe looking for people who know what to do with it all. This tsunami of money is causing booms and busts all over the world.
For those of you who understand macro-economic forces, when tons of money moves into a country, the banks need to lend that money immediately. The reason this credit expansion happens is because savings are a bank’s liability. Money in a savings account costs the bank money due to storage fees and interest payments. The only way a bank makes money is by lending out your savings at interest.
As banks pass out money like candy, we have real estate, stock market, and commodity booms. When hot money flows into a country, the expansion of money can be explosive, if it’s not well managed. As you know, this is what happened in Japan, the US, and Europe. Economic booms led to economic busts. The rich got richer and the poor and middle class are paying for the clean up.
what can politicians do? All they can do is keep the lies and deceptions going, and as long as people are happy, the party roars on.
Personally, I would rather take matters into my own hands and not be dependent upon the “smartest” people in the world, our leaders in Washington.
Robert Kiyosaki
The world’s problem is too much money. The problem is that without financial education in our schools, which is part of the conspiracy, most people—even highly educated people from good schools—are short of money even while floating in a sea of money.
Today, trillions of dollars are circling the globe looking for people who know what to do with it all. This tsunami of money is causing booms and busts all over the world.
For those of you who understand macro-economic forces, when tons of money moves into a country, the banks need to lend that money immediately. The reason this credit expansion happens is because savings are a bank’s liability. Money in a savings account costs the bank money due to storage fees and interest payments. The only way a bank makes money is by lending out your savings at interest.
As banks pass out money like candy, we have real estate, stock market, and commodity booms. When hot money flows into a country, the expansion of money can be explosive, if it’s not well managed. As you know, this is what happened in Japan, the US, and Europe. Economic booms led to economic busts. The rich got richer and the poor and middle class are paying for the clean up.
what can politicians do? All they can do is keep the lies and deceptions going, and as long as people are happy, the party roars on.
Personally, I would rather take matters into my own hands and not be dependent upon the “smartest” people in the world, our leaders in Washington.
Robert Kiyosaki
