Kiyosaki has long been a critic of "fiat" currency—money that is not backed by a physical commodity like gold or silver. In this section, he discusses the history of the US dollar since the removal of the gold standard in 1971. He argues that because the government can print money at will, the dollar is "fake money" that steals wealth from savers through inflation. He advocates for "God's money" (gold and silver) as a hedge against this devaluation.
In his sleep-deprived state, Elias’s internal alarm bells were muffled by his excitement. He ignored the .exe extension, thinking it was just a self-extracting file. He double-clicked. Nothing happened. Or so it seemed.
: The book defines fake assets as those that take money out of your pocket (like a primary residence or a car) while being marketed as investments. Real assets, according to Kiyosaki, must put money your pocket. Elearnmarkets Accessing the Book
The narrative is structured around three primary pillars that Kiyosaki argues have been "faked" by the current economic and educational systems: Fake Money