What Schools Will Never Teach You About Money By Robert T. Kiyosaki

 
Financial Insanity 
Japan is doing the same thing the United States is doing, using debt 
in an attempt to stimulate their economy. This is no different than 
a worker using credit cards to pay the interest on their credit cards. 
During the real estate boom, millions of people refinanced their 
house to pay off their credit cards and kept using their credit cards. 
When the entire system crashed, people started losing their homes. 
The insanity is that leaders of the Western world are doing the 
same thing today, using debt to solve a crisis caused by debt. 
If Japan does collapse, it may go under by 2015, maybe earlier. 
Japan would be followed by England, Europe, the United States, 
and China. Let’s hope it does not happen.

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Chapter Four
Unfair Advantage
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Medicare Part C is one of our largest growing liabilities, and it was 
created under President George W. Bush, a Republican. It was a 
multibillion dollar gift to the pharmaceutical industry.
FAQ 
Are politicians to blame?
Short Answer 
No. The people are.
Explanation
 
Politicians will say anything and make any promise to get elected. 
Once they leave office, the politician receives their paycheck and 
medical benefits for life, and the voters are left paying for promises 
they cannot afford.
FAQ 
How long can this go on?
Short Answer 
Not much longer.
Explanation 
No fiat currency has ever survived. The U.S. dollar has lost 90 percent 
of its purchasing power in forty years. It will not take much time for
it to lose the last 10 percent. There is only so much debt the system 
can tolerate.
Time to Take Action
FAQ