Should You Be Saving Money?

Robert Kiyosaki, author of the book Conspiracy of the Rich...

For most people (the average person) the best way you can play this market now is to short the dollar. And the way you short the dollar is you buy either gold or silver right now. As long as they're printing so much money, to hold cash is almost suicidal right now.

Robert says we need to understand a little bit of history.

You see in 1971 President Nixon took the dollar off the gold standard. That one act allowed the Federal Bank and the US Treasury to print money unconditionally. After 1971 we have had these bailouts. By the 1980's the bailouts were only in the millions by 1990 the bailouts were in the billions and today they're in the trillions.

In a financial downturn it's human nature that people start to save for the security of having money in the bank. But that cash, says Robert, isn't going to grow.

And the problem is the Federal Reserve Bank's relationship with the US Treasury. It has the power to print money out of thin air and that's what's causing the problem - and people are saving money at the wrong time.

To hear the complete unedited interview, click here.