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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.
Only when society continuously borrows can there be a steady flow of funds in the market, allowing the economic machine to operate.
This is the difference in mindset between the poor dad and the rich dad.
The wealthy aggressively use low-cost, high-quality debt to replace core assets that can withstand inflation and generate cash flow.
The poor fear debt, desperately save money, but the money they save is quietly being diluted every day.
No wonder China Merchants Bank calls me every day asking to borrow money—so not borrowing is unpatriotic? I’m coming, Du Xiaoman!