How to make money with fake money for free?
Why the world is filled with fake money and how we can get richer using it
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The #1 lesson in Master Investor, LLC's new book is, “The wealthy make money work hard and do not work for money but rather we work to acquire cash flowing assets using the velocity of money's formula" or “The wealthy do not work for fake money. To understand the modification, we must take a brief history lesson. How to make money with fake money for free?
In 1972, “President Nixon took the dollar off the gold standard. Watch out, the world is about to change.” Everything change moving forward after such change in the law. The new rules of money emerged and we can literally get wealthier much faster. It has allow the velocity of money be accessible to all.
What is fake money?
When President Nixon took the U.S. dollar off the gold standard in 1971, the U.S. dollar became fake money. This is because rather than be tied to real money—gold—it was tied to the “full faith and credit” of the United States. Translation: it became a giant IOU.
Why would Nixon do this? Because the trade deficits between the US and other countries were growing too much. Because we were importing more than we were exporting goods, we were losing our gold.
How does this happen? When a currency is not tied to real money, governments are able to print more and more money out of thin air. This leads to inflation, the devaluing of the purchase power of that currency.
Look at this chart to see how the US government printing money out of thin air has impacted the dollars purchasing power.
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