Rich Dad Robert Kiyosaki's Chapter 10 Just Posted – Building for the Future
The Big Bad Wolf: “I’ll huff . . . and I’ll puff . . . and I’ll blow your house down!”
In the fairy tale, the first two pigs learned their lesson and soon built their own houses of brick, and they all lived happily ever after. But as you know, the Three Little Pigs is just a fairy tale. In real life, people ask the government to rescue them with taxpayer money, and then they rebuild their straw and stick houses all over again. The fairy tale continues, lessons are not learned—and the wolf lurks in the darkness.
All over the world, people are asking, “What are our leaders going to do?” I believe a more important question is, “What are you and I going to do?” More specifically, “How can you and I build our own house of bricks?”
The Root of All Evil
Is the love of money the root of all evil? Or, is it the ignorance of money?
What did you learn about money in school? Have you ever wondered why our school systems do not teach us much—if anything—about money? Is the lack of financial education in our schools simply an oversight by our educational leaders? Or is it part of a larger conspiracy? Regardless, whether we are rich or poor, educated or uneducated, child or adult, retired or working, we all use money. Like it or not, money has a tremendous impact on our lives in today's world.
Changing the Rules of Money
In 1971, President Richard Nixon changed the rules of money: Without the approval of Congress, he severed the U.S. dollar's relationship with gold. He made this unilateral decision during a quietly held two-day meeting on Minot Island in Maine, without consulting his State Department or the international monetary system.
President Nixon changed the rules because foreign countries being paid in U.S. dollars grew skeptical because the U.S. Treasury was printing more and more money to cover our debts, and they began exchanging their dollars directly for gold in earnest, depleting most of the U.S. gold reserves. The vault was being emptied because the government was importing more than it was exporting and because of the costly Vietnam War. As our economy grew, we were also importing more and more oil.
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