Would you dare to take 1 billion yuan interest-free for 10 years?
Robert Kiyosaki: If everyone stops borrowing money, it would lead to a direct financial crisis. Not borrowing is unpatriotic.
In 1971, the dollar officially decoupled from gold. Before that, money was money, backed by real gold.
After that, money essentially became an IOU issued based on national credit.
When someone takes out a loan at the bank to buy a house or start a business, the bank isn't lending out other people's savings; it's typing on a keyboard in the system, creating that money out of thin air.
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