Kiyosaki's Prediction: A Massive Crash And The End Of The US Dollar

Best-selling author of Rich Dad Poor Dad, Robert Kiyosaki, has lately given a series of grave warnings, forecasting the downfall of the US currency and urging investors to move their emphasis to gold, silver, and bitcoin. Kiyosaki's remarks come amid continuing negotiations within the BRICS economic grouping regarding the formation of a unified currency perhaps backed by gold.

Kiyosaki, a financial literacy advocate whose book Rich Dad Poor Dad has made an indelible mark on personal finance education, recently took to Twitter to sound the alarm about the current state of the US economy and the fate of the US dollar. Co-authored with Sharon Lechter in 1997, Rich Dad Poor Dad has been on the New York Times Best Seller list for over six years. The book, sold in 51 languages across more than 109 countries, has seen more than 32 million copies in circulation.

Kiyosaki warned his followers: “A giant crash coming. Fake money, aka fiat currency, to die. BRICS meeting in S. Africa [on] August 22 to put the nail in the coffin of fiat…fake money. Get into real gold, silver & bitcoin asap. Take care. End of fiat (fake) money near.”

Earlier this week, Kiyosaki specifically cautioned about the potential demise of the US dollar. He cited reports of the BRICS nations (Brazil, Russia, India, China, and South Africa) possibly launching a gold-backed common currency as a reason for concern. He proclaimed that the US dollar “will die” and when this happens, trillions of dollars will “rush home,” sending inflation skyrocketing. He further predicted that Bitcoin's price will surge to $120,000 next year.

Kiyosaki has been consistently vocal about the downfall of the US dollar, frequently labeling it as “fake” money. He draws a stark contrast with gold and silver, which he deems “God's money,” and bitcoin, representing “people's money.” According to him, these three assets serve as the most secure investment choices in “unstable times.”

In a follow-up tweet, Kiyosaki outlined his thoughts on the recent rise in the stock market, linking it to the removal of the 'debt ceiling', leading to a surge in national debt and wealth inequality. He advised followers to stick with “real money & real assets: gold, silver, bitcoin.”

Kiyosaki is not the only financial guru who is voicing concerns. Veteran trader Jim Rogers, who predicts the greatest recession and bear market in his lifetime, has reinforced his warnings about an imminent disaster. Likewise, economist Peter Schiff has warned of impending financial crises and depressions.

The author of “Rich Dad, Poor Dad” is correct in his concerns, especially given the impending change in global economic power and the vulnerability of the US currency. As the globe grapples with economic insecurity, Kiyosaki's advice to invest in tangible assets such as gold, silver, and bitcoin may offer a road map for people seeking to guarantee their financial future.

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