Robert Kiyosaki, the author of the popular book Rich Dad Poor Dad, recently spoke out about his concerns regarding the U.S. economy, the dollar, and global economic chaos. During his Rich Dad radio show, Kiyosaki discussed de-dollarization, which refers to the trend of countries moving away from the U.S. dollar as the world’s reserve currency. He warned that this trend is happening on a “massive scale” and is a “weaponization of our U.S. dollar against the world.”
Kiyosaki pointed to recent events that suggest de-dollarization is accelerating, such as French President Emmanuel Macron meeting with Chinese President Xi Jinping, Saudi Arabia entering trade alliances with China, Russia, India, and Pakistan, and China settling trades with Brazil in local currencies. He also mentioned the BRICS countries’ de-dollarization efforts, which could result in the bloc launching a new currency.
Two laws that are being violated, according to Kiyosaki, include Gresham’s Law and Triffin’s Dilemma. When President Nixon removed the dollar from the gold standard in 1971, he violated Gresham’s Law, which states that bad money drives out good money. Triffin’s Dilemma, which was evident in the Bretton Woods agreement of 1944, required the U.S. to supply dollars to every central bank throughout the world, resulting in the printing of quadrillions of dollars.
Kiyosaki warned that when the BRICS countries and other nations step away from the U.S. dollar, they will send dollars back to America, resulting in hyperinflation, war, and starvation. He predicts it could be “the end of the American Empire” and warns that this has happened throughout history and doesn’t happen peacefully. Kiyosaki suggests investing in gold, silver, and bitcoin as they are “real money,” while cash is “trash.”
While Kiyosaki’s predictions may seem extreme, it’s important to consider the impact of de-dollarization on the U.S. economy and the global financial system. As countries move away from the U.S. dollar as a reserve currency, it could lead to a decline in demand for dollars, which could result in hyperinflation and instability. It’s important to monitor this trend and be prepared for potential economic changes.