5. I see more poor people.
In the coming decade, the years between 2010 and 2020,
the gap between the haves and have-nots will increase. Many
in the middle class today will slip into poverty in the next
10 years.
In other words, there will be more poor people, although
they live in rich, first-world countries like the United States,
England, France, and Japan.
When the governments chose to bail out the owners of the
banks, governments chose to spare the rich at the expense of
the poor and middle class. In the coming decade, the rich will
get richer and the poor and middle class will grow poorer due
to taxes and inflation.
Since the banks can print money, why can’t you? You will find
out how you can in this book—but it takes financial education.
3. After 1971, bank bailouts increased in size.
By 2010, most people were aware of the subprime mess and
the trillions in bank bailouts all over the world.
Today, many are angry that the governments bailed out the
rich bank owners and passed the bill on to the taxpayers.
Unfortunately, few people are aware that these bailouts have
been going on for years and have increased in size since 1971.
In the 1980s, the bank bailouts were only in the millions. By
the 1990s, the bank bailouts were in the billions. After 2007,
the bailouts became international and are now measured in the
trillions.
Unfortunately, due to a lack of financial education, most people
think debt is bad. Like the monkey, they are hanging onto their
dollars and doing their best to get out of debt.
Most people without a sound financial education think debt
is bad—and it is if you do not know how to use debt to make
you richer.
In this book you will find out how debt makes bankers, and
the financially educated, very rich.
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