Rich Scam

By Nengi147 | Financial Education | 9 Feb 2020


Ever wonder why the first lesson in Rich Dad poor dad book is the rich don’t work for money?

 

It’s because the dollar (or any fiat money) is a scam…

 

Rich Scam : “The dollar has value.”

 

I can hear your doubt, or confusion. Let me explain…

 

Most people will tell you that the dollar is a tool of exchange. They are, of course, right in one respect. But if it only has value when it is being used or exchanged, it really is not money – it’s currency.

 

Currency must flow, just like a current (hence the name). It does not have actual value; it merely represents value.

 

The paper that is used to print a dollar on is not actually worth a dollar. The paper does not have the value, it simply represents the value. It is not money because it holds no individual value.

 

To take it a step further, dollars are actually the OPPOSITE of value. Dollars are debt.

 

A dollar is a PROMISE to pay back debt.

 

The U.S. is over a trillion dollars in debt. A trillion is “1” followed by 12 zeroes. It’s a thousand billion. A trillion seconds is 32,000 years. A stack of $1 bills would be 68,000 miles high. So how do we pay back such monumental debt?

 

Taxes. It’s painful, but it’s obvious.

 

So, the dollar is the PROMISE of the U.S. government to pay back over a trillion dollars of debt through taxing its citizens. And, to kick you while you are down, the debt is still growing.

 

The dollar is actually debt.

 

That is why the rich don’t work for dollars. They work for assets.

 

Beware of the scam artists,


 

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Nengi147
Nengi147

I am an entrepreneur and a writer with a bachelors degree in Electrical Engr Passionate about Blockchain technology . Also holds expertise in digital marketing.


Financial Education
Financial Education

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