Robert Kiyosaki, the author of Rich Dad Poor Dad, has stressed that a massive crisis is imminent and that fiat money, including the US dollar, is on the verge of becoming obsolete. Observing that the USD « will die, » he recommended investors to purchase gold, silver, and bitcoin. His cautions were delivered at a time when the BRICS economic grouping was debating the creation of a single currency that may be backed by gold.
Warnings of a Giant Crash by Robert Kiyosaki
Robert Kiyosaki, the author of Rich Dad Poor Dad, has continued to offer dire statements regarding the US currency and the US economy. Kiyosaki and Sharon Lechter wrote the book Rich Dad Poor Dad in 1997. It has been listed as a best seller in the New York Times for more than six years. The book has been published in over 51 languages in more than 109 countries, selling more than 32 million copies.
“Giant crash coming. Fake money, aka fiat currency, to die. BRICS meeting in S. Africa [on] August 22 to put nail in coffin of fiat…fake money. Get into real gold, silver & bitcoin asap. Take care. End of fiat (fake) money near.”
Robert Kiyosaki
According to claims that the BRICS countries—Brazil, Russia, India, China, and South Africa—are getting ready to introduce a single currency backed by gold, Kiyosaki expressly foresaw the demise of the U.S. dollar earlier this week. The well-known author predicted that the US currency « will die, » adding that billions of dollars will « rush home » and inflation will soar. Furthermore, he predicted that bitcoin will cost $120,000 by the end of the next year.
The renowned novelist, who has warned about the demise of the US dollar and called it « fake » money, has repeatedly expressed his concern. He has constantly asserted, however, that he thinks bitcoin is « people’s money » and that gold and silver are « God’s money. » He asserts that the three investments listed above are the best ones to make in « unstable times. »
On Friday, Kiyosaki provided an explanation for the current stock market upswing in a follow-up tweet. He wondered why the stock market is soaring; because the « debt ceiling » was lifted. means that the national debt will increase along with the stock market. As America becomes impoverished, the affluent gain richer. Sad. Continuing to use gold, silver, and bitcoin as genuine money and real assets.
The renowned author has been warning of a massive crash for a while. He issued a dire warning in June about the worst real estate crisis « ever. » He also thinks that the American economy is on the verge of collapse. He issued a warning in February that « everything will crash. »
The author of Rich Dad Poor Dad is not the only one who believes a huge crash is imminent. Veteran trader Jim Rogers predicts the worst bear market and the worst recession of his life. In May, economist Peter Schiff warned of impending financial catastrophes and depressions.
