Congratulations! You’re a Trillionaire!
We know the world is printing money. The world prints money
in good economies and bad economies. The question is: How much
money is being printed?
If the United States is printing trillions of dollars, how much is
the rest of the world printing? Perhaps a better question is: What will
trillions in printing-press money do to you? Will trillions of dollars
make you richer, or poorer?
If the financial turmoil of the past few years leads us into
hyperinflation, there will be more millionaires, billionaires, and even
trillionaires. You might be one of them.
Ironically, in this brave new world, there are already many
trillionaires, but they are broke. For example, if you moved to
Zimbabwe today, you could be a trillionaire in Zimbabwe dollars.
In fact, if you want to be a trillionaire, all you have to do is go
online and buy a Zimbabwe trillion-dollar bill and you can go around
telling your friends, “I’m a trillionaire.”
You would be a trillionaire, but you’d still be broke. Welcome to
the new economy.
I carry a one-hundred-trillion Zimbabwe note in my wallet.
Numerically, that is $100,000,000,000,000. I carry it to remind me
that one hundred trillion Zimbabwe dollars may buy me an egg in
Zimbabwe, but only if the egg is on sale.
Too much money is the trap of the new economy. In spite of
trillions of dollars in the U.S. economy, millions of Americans are
broke or will soon be broke.
FAQ
If the rich do not work for money, what do they work for?
Short Answer
Assets that produce cash flow in good economies or bad.
Explanation
Rather than save money in a bank or a retirement plan filled with
paper assets, it is important to convert those dollars into real assets:
assets that retain value, produce cash flow, and offer tax incentives.
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