Page 174 - Rich Dad's Increase Your Financial IQ: Get Smarter with Your Money

in the world, we are the biggest debtor nation in the world. While many
people have become very rich because of this change in the rules of money,

me included, millions more have fallen behind financially. The financial
gap is growing wider and becoming dangerous.
The problem for America began at financial intelligence #3: budgeting
your money. When America began to import more than it exported, we

changed the rules of money and began accumulating trillions of dollars of
debt instead of solving the problem, which would have been the intelligent
thing to do.
When looking at financial intelligence #4, it becomes apparent the U.S.

government doesn’t leverage money . . . instead it leverages debt. Today,
the richest people in the world are in debt to the poorest people in the
world. Talk about being out of integrity.
The U.S. went out of financial integrity when it asked the world to

accept a dollar “backed by the full faith and credit” of the U.S. government.
No one likes investing in the U.S. and seeing the value of the dollar drop.
When the world demands the money back, it will be financial intelligence
#2, protection from predators, that will be tested. I believe that the U.S. will

become a giant predator, possibly defaulting on some of its loans and its
promises to senior citizens for health care and Social Security. It will allow
inflation to destroy workers’ earnings and raise taxes on the young. To me,
this is out of integrity.

The current way for the U.S. government to increase financial
intelligence #1: making more money, is by raising taxes, printing more
money, borrowing more money, fighting a new war, and not paying a few
bills. Obviously, this will cause many more financial problems, which could

have been avoided if the earlier problems had been solved in the first place.

The Age of Integrity

History does repeat. Our leaders and educators have been aware of what
happens when governments violate the integrity of money. This has

happened before. Copernicus in 1517 wrote that inflation was one of the
“scourges that debilitate kingdoms.” In 1776, Adam Smith said inflation
causes “the most pernicious subversion of the fortunes of private people.”