Most people think they understand the dollar.
They don't. Almost no one does. Not even economists.
You know about the dollar in your wallet. There is another dollar. $13 trillion of them. Hiding in a shadow economy.
The Federal Reserve didn't create them. No US regulator controls them.
Most people will never hear that.
US dollars. Not controlled by the US.
Economists have a nickname for them. Eurodollars.
Here is how it started.
After World War II, dollars began piling up in banks outside America. Soviet banks held them. British banks held them. Middle Eastern oil states held them.
They kept them. And started lending them.
Dollar loans. Made in London. Governed by nobody.
No reserve requirements. No Fed oversight. No lender of last resort.
Here is what that means.
When you deposit $1,000 in an American bank, the Fed has rules. Limits. Oversight.
When a company deposits $1,000 in a bank in London — none of those rules apply.
That bank lends it out. That borrower deposits it somewhere else. That bank lends it again.
The same dollar. Multiplied. Over and over. Across borders. Across continents.
No one counting it. No one controlling it. No one responsible for it.
And when it cracked in 2008… Everyone needed dollars at once. Nobody could get them. Credit markets froze. The Fed had to bail out the entire planet. A system it never created. A market it never controlled.
Rich dad used to say: "The dollar is the world's most powerful weapon. And the most dangerous thing about it is that we don't know who all has their finger on the trigger."
The wealthy understand this system.
They position themselves accordingly.
Gold. Silver. Real assets. Things that cannot be printed. Things that exist outside a system nobody controls.
That's why the Rich Dad Radio Show Sponsor, Priority Gold, created the Rich Dad Wealth Defense Guide.
👉 Get your free Wealth Defense Guide
Because the question was never whether this system would crack again.
The question is whether you'll be prepared when it does.
To your financial education, Rich Dad
|