Friday, August 2, 2019

Money is a BIG deal

The rules of money changed in the summer of 1971 when President Nixon detached the American dollar from gold, in effect changing it from a gold standard (real money) to monopoly money (fiat currency). It meant money now drastically depreciated instead of appreciating. What did this mean? It simply meant that, if you just saved your money and didn't invest in appreciating assets or money making vehicles, the value dropped everyday. Funny enough, nobody will teach you this in school and even the bankers will not tell you the truth.
In the new world of money, financial intelligence is king and what you don't know WILL hurt you.
PKT

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