Quote from: Relonage on Today at 10:00:39 AM

Robert Kiyosaki, the author of "Rich Dad Poor Dad," reiterated his endorsements of gold, silver, and Bitcoin, while advising investors to abandon fiat currencies. Kiyosaki frequently refers to fiat currencies as "fake money." He previously explained that when President Richard Nixon removed the U.S. dollar from the gold standard in 1971, the "dollar became fake money." "That's because it's not tied to real money like gold but is linked to 'complete money,'" Kiyosaki remarked, describing it as "America's faith and credit." In contrast, he referred to gold and silver as "God's money" and Bitcoin as "people's money." What's your take on this viewpoint?

Yes, that's a fine viewpoint by Robert. He considered Gold and Silver as God's Money because they are finite resources that has been used for ages, and Considered Bitcoin as the People's Money because of its Decentralized nature, everyone can use it and it isn't controlled by any particular person or agency, which makes it very true. But in as much as he believes fiat isn't backed up by Any Tangible resources, we can't leave the fact that the fiat currency is tied to the economy and backed up by the government, which gives it value. And as long as the US government controls majority of the economy and get to say how things are done, then the US dollar ( regardless being considered as fake money) still and will always have value. So it's not completely fake after all lol. Grin