Robert Kiyosaki’s USD and Hyperinflation Warnings
The author of Rich Dad Poor Dad, Robert Kiyosaki, has shared his concerns about the future of the United States, hyperinflation, and the potential collapse of the U.S. dollar. Rich Dad Poor Dad is a 1997 book co-authored by Kiyosaki and Sharon Lechter. It has been on the New York Times Best Seller List for over six years. More than 32 million copies of the book have been sold in over 51 languages across more than 109 countries.
In an “emergency podcast” that he hosted on Wednesday with guest Andy Schectman, the owner of precious metal dealer Miles Franklin, Kiyosaki explained that the U.S. has violated monetary laws, such as Gresham’s laws. “America has been violating all of these laws of money for all of these years, and the world says: ‘We’ve had enough of this.’ So, they’re joining the BRICS: Brazil, Russia, India, China, South Africa.” The Rich Dad Poor Dad author stressed:
So, there’s gonna be quadrillions of dollars coming back, and the ramifications of that are possibly … hyperinflation.
While holding a dollar bill and waving it around, Kiyosaki emphasized: “That means 70% of the world’s population that used to use the dollar are going to take this dollar bill and say: ‘We don’t want it anymore.'” He continued:
And this thing [U.S. dollar] goes to trash. This becomes toilet paper. This little dollar here. Because there’s so much of it out there.
Sharing Kiyosaki’s sentiment, Schectman detailed: “The United States and their actions have done more to destroy themselves, ourselves, itself in the past few years than any external enemy could have ever done because we weaponize our source of power, which is the U.S. dollar, and we have driven most of the world away from it as a result.”
Moreover, Kiyosaki is disappointed at the direction America is headed. Commenting on the decision of U.S. authorities to bring criminal charges against former President Donald Trump, the Rich Dad Poor Dad author tweeted Tuesday: “Tragic day in America. My friend, the former president of the United States is being arraigned in NYC courts. His sons Don jr and Eric are also extremely close friends.” Kiyosaki opined:
As crime runs rampant in our cities & voters demand ‘defund the police.’ I am crying. America is dying.
Trump pleaded not guilty to all 34 counts of falsifying business records. He became the first former president to be charged with criminal activity.
Kiyosaki has issued multiple warnings regarding the potential downfall of the U.S. dollar and its status as the world’s reserve currency. He has also cautioned that a crash landing could be imminent, with stock, bond, and real estate markets crashing.
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What do you think about the warnings by Rich Dad Poor Dad author Robert Kiyosaki? And, do you think the U.S. dollar or America is dying like he said? Let us know in the comments section below.
Kevin HelmsA student of Austrian Economics, Kevin found Bitcoin in 2011 and has been an evangelist ever since. His interests lie in Bitcoin security, open-source systems, network effects and the intersection between economics and cryptography.
Robert Kiyosaki warns US dollar will return as ‘a tidal wave of toilet paper’ on America
