Robert Kiyosaki believes that a market crash is inevitable.
He shares his balloon metaphor to explain the theory of “bubblenomics” and the deflating U.S. economy.
In 1971, Nixon took the dollar off the gold standard. This meant that the U.S. government could now print “fake” money.
This fatal decision marked the beginning of the worst 40 years in American economic history. It is very possible that the next financial crisis is on its way.
Want to know why? Listen to Robert Kiyosaki!
Watch the video below:
(Click here to watch on YouTube)
Ready to know which online business is best for you? CLICK HERE to take my FREE quiz!
Bubblenomics explains why America is broke.
When the dollar became fake, that meant that the government could print their own money, otherwise referred to as counterfeit money. Instead of fixing the economy, the U.S. only blew it up even more. Robert Kiyosaki uses the metaphor of a balloon blowing up to describe the bubble effect that has occurred in the U.S.
It didn't stop there. The government continued printing fake money. In 1987, otherwise referred to as Black Monday, every stock market around the world crashed. Following that, in the 90's the dot com bubble burst. It is said that this burst took out $5 trillion U.S. dollars in the market value of technology firms between March 2000 and October 2002. Finally, in 2008, we saw the subprime real estate crash.
Yet again, the world's central bankers continued to print more fake money. This explains Economics 101 in a nutshell. Shocking, right?
When things go into a bubble, real estate, stocks and bond prices skyrocket. This is when people get a false sense of being rich. Pensions are now broke in the U.S. which means that a lot of Baby Boomers aren't going to be able to retire.
Robert Kiyosaki talks a lot in his work about the inability of the education system to teach young people about the value of money. Yes, they preach the importance of Economics, but nothing beyond that. This is one of the many reasons why I dropped out of college.
It's fair to say that our current world economy is in big trouble. What do you think is going to happen if we continue down this road? You don't have to be an economist to know. If a crash is imminent, the best thing that any of us can do is be prepared for it.
The next market crash may be closer than we think.
This is why Robert Kiyosaki thinks it's so important to be financially educated. If you want to survive the next crash, you have to learn how to protect your money and your wealth. In a world where financial turbulence is proving to be the norm, your most important asset is your financial intelligence.
Are you ready to boost your financial IQ so that you can grow your wealth the right way? If so, it's time that you start listening to people like Robert Kiyosaki. He's onto something big.
Watch the video above to get a full explanation of Bubblenomics!
Ready to know which online business is best for you? CLICK HERE to take my FREE quiz!
(59 votes, average: 4.69 out of 5)
Loading...