Get God’s Money

Not Government’s Money Were you forwarded this email? [Sign-up to The Daily Reckoning here.]( [Unsubscribe]( [Daily Reckoning] Get God’s Money - Bad money drives out good money… - Why the “inflation tax” hurts the poor and middle class and benefits the wealthy… - God’s money… Recommended Link [Why Crypto Is About to Have a “Netscape Moment”…]( [Read more here...]( When internet company Netscape went public in 1995… The Internet era went into overdrive. Right now, Teeka Tiwari believes cryptocurrencies are on the cusp of their own “Netscape Moment.” It’s all thanks to a new type of crypto Teeka calls “Tech Royalties.” [Click Here To Discover How You Can Take Advantage]( Scottsdale, Arizona April 23, 2021 Editor’s note: There’s the government’s “fake money,” says Rich Dad author Robert Kiyosaki… and then there’s “God’s money.” Today Robert shows you why want to own God’s money. [Robert Kiyosaki] Dear Reader, In 1964, the U.S. government took our silver coins and turned them into base metal coins. That is why, today, you see a copper tinge along the grooved edges of coins. While the grooves prevented people from shaving the edges of the coins, the government was metaphorically shaving the value from the coins by taking the silver out of them. After 1964, no one shaved coins because coins were no longer inherently valuable. I was in high school in 1964 and immediately began gathering as many old silver coins as I could get my hands on. I didn’t really know why I was doing this; I simply felt compelled. I knew that something was changing and that I had better hang on to real silver rather than coins. Years later, I found out that I was responding to Gresham’s law. Gresham’s law states that when bad money enters into circulation, good money goes into hiding. I was responding to a change in the money system. I was exchanging bad money for good money and putting the good money — the silver coins — into my coin collection. I still have some of those same silver coins today. Today the shaving and debasing of our money continues, just not in physical form. Since money is invisible, a derivative of debt, bank robberies by bankers have become invisible. This means most people cannot see how their banks steal their money. Gresham’s Law Gresham’s law states that when bad money enters into circulation, good money goes into hiding. My rich dad said… Gresham’s Law has been in effect since humans began valuing money. Back in Roman times, people used to clip silver and gold coins. Clipping coins meant that people would shave a little bit off the coin before handing it to someone else. So the coin began to lose value. The Roman people were not stupid and soon noticed that the coins were lighter. Once the Roman people knew what was happening, they hoarded the coins with high silver and gold content and spent only the lighter coins. That is an example of bad money driving good money out of circulation. To combat this clipping of coins, the government began distributing coins with reeded, or grooved, edges. That is why coins of value have the tiny grooves on the edge. If a coin had the grooves filed down, a person knew the coin had been tampered with. Ironically, it is the government that does the most clipping of the value of our money. Recommended Link [Today’s Special: INFLATION! Is Your IRA or 401(k) Ready for More Reckless Spending?]( [Read more here...]( There’s a big difference between “getting rich” and building wealth — especially with the new direction The Federal Reserve seems to be taking. America’s leading gold authority, 2X WSJ best selling financial author Adam Baratta, explains the situation (in detail) in his revolutionary Gradually Then Suddenly Report, which our readers can click below to read for FREE. *Limited time offer - Act now. [Click Here To Access The $395 FREE Report Now]( People who do the hardest work have the hardest time getting ahead due to the effects of Gresham’s Law. Since money has ever-declining value, a financially wise person must constantly seek things that do have value and can also produce more and more debased money. If you don’t do that, you fall behind financially over time rather than get ahead. Fake Money Presently, the Fed and the Treasury are trying to stop deflation. In some ways deflation is worse than inflation, and much harder to stop. That’s why we’re seeing tactics that are successful and we will return to an inflationary economy. The primary cause of inflation is the government printing money, which increases the money supply. More and more dollars flood the existing pool of money, which means prices of many essential products, such as food, fuel, and services, go up as more dollars chase the same amount of goods. Inflation is often called “the invisible tax,” which is hardest on the poor, elderly, savers, low-income workers, and fixed-income retirees. On the other hand, inflation makes the rich richer, but it makes the cost of living more expensive for the poor and the middle class. This is because those who print money receive the most benefit. They can purchase the goods and services they desire with the new money before it dilutes the existing money pool. They reap all of the benefits and none of the consequences. Now, as my colleague Jim Rickards has pointed out, money-printing alone doesn’t cause price inflation. Consumer expectations are key and the velocity of money. The Fed can print all the money it wants, but if people save it you won’t see price inflation. That’s because there’s no velocity of money. Regardless, money-printing is a critical component of inflation. If the economic stimulus packages don’t work the massive amounts of money that have been, and will be created, could lead to serious inflation. It may also eventually lead to hyperinflation. Hyperinflation, if it were to happen, can be just as bad as a depression. This happened in Zimbabwe where it reportedly takes a billion Zimbabwean dollars to buy three eggs. If the unthinkable happens and the United States goes into hyperinflation it means the death of the U.S. dollar. If that happens the world economy will collapse. That is what our leaders fear most. Recommended Link [Why April 27th Could Set Off A “Tech Boom” In Stocks]( [Read more here...]( Thanks to the rare convergence of three economic triggers, the clock is ticking down for a once in a lifetime wealth building opportunity. [Here's How To Play It]( God’s Money I have started both a gold mine and a silver mine — the gold mine was in China, the silver mine in Argentina. Both were sold to the public via IPOs, Initial Public Offerings, on the Toronto Stock Exchange. Before we could “go public” we had to prove we had found real gold and real silver. We had to physically verify there was gold and silver in the ground… and that our company had the legal right to own, mine, and sell the gold and silver. We also had to prove we had the right to sell shares in the company, via an IPO. So, I know that real gold and silver were here when planet earth was created. I saw real gold and silver in the ground. These are assets that come directly from the earth. That is why I state gold and silver are God’s money. You can’t get it from a printing press. Gold and silver will be here long after fake money, government money, people’s money, and people are gone. Today, I prefer to trust God’s money, real gold and silver. I use fake money to buy God’s money. I do not invest in fake gold or silver, aka exchange-traded funds — paper gold and paper silver. I do not trust the elites who run our governments, banks, or Wall Street. I do not trust anyone who prints fake money. I own gold and silver because I trust real gold and silver. I trust God’s real money. Regards, Robert Kiyosaki for The Daily Reckoning Editor’s note: We recommend you own “God’s money” to protect your wealth against the abuses of fake money. But as Robert noted, gold and silver ETFs are not the same as owning the actual metal. For example, each ounce of physical silver has been sold up to 1,000 times on the “paper” market! The paper gold market is also extremely leveraged. Prices will absolutely explode when this mammoth game of musical chairs ends and investors demand the real metal. There won’t be nearly enough to go around. We’ve partnered with [Hard Assets Alliance]( to give you a simple and secure way to acquire “God’s money” (we believe in them so much we actually own a share of it). Right now, silver is especially attractive... [Discover the market forces pushing silver to new high’s here… and learn how you can protect your money in the process.]( There’s no such thing as a no-brainer investment, but silver is presenting a fantastic opportunity. [Click here now for all the details.]( --------------------------------------------------------------- Thank you for reading The Daily Reckoning! We greatly value your questions and comments. Please send all feedback to [feedback@dailyreckoning.com.](mailto:dr@dailyreckoning.com) [Robert Kiyosaki][Robert Kiyosaki]( author of bestseller Rich Dad Poor Dad as well as 25 others financial guide books, has spent his career working as a financial educator, entrepreneur, successful investor, real estate mogul, and motivational speaker, all while running the Rich Dad Company. Add feedback@dailyreckoning.com to your address book: [Whitelist us]( Additional Articles & Commentary: [Daily Reckoning Website]( Join the conversation! Follow us on social media: [Facebook]( [LinkedIn]( [Twitter]( [RSS Feed]( [YouTube]( The Daily Reckoning is committed to protecting and respecting your privacy. We do not rent or share your email address. By submitting your email address, you consent to Paradigm Press delivering daily email issues and advertisements. 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