Robert Kiyosaki, author of “Rich Dad, Poor Dad,” warned of the possible disappearance of the US dollar and the looming threat of hyperinflation. He expressed concern that the U.S. dollar may lose its value and “become toilet paper.” Moreover, t he famous writer is saddened that U.S. authorities will file criminal charges against former President Donald Trump. He states: “As crime runs rampant in our cities&voters are demanding ‘police funding.’ I am crying. America is dying.”
Robert Kiyosaki’s warning about USD and hyperinflation
Robert Kiyosaki, author of Rich Dad, Poor Dad, expresses concern about the future of the United States, hyperinflation, and the possible collapse of the U.S. dollar. Rich Dad, Poor Dad was co-authored by Kiyosaki and Sharon Rector and published in 1997. It has been on the New York Times bestseller list for more than six years. The book has sold more than 32 million copies in over 109 countries and in more than 51 languages.
On Wednesday’s “Urgent Podcast” with Andy Schectman, owner of precious metals dealer Miles Franklin, Kiyosaki explained that the US has violated Gresham’s Law and other monetary laws. He said, “The U.S. has violated these monetary laws for years. That’s why we decided to join the BRICS: Brazil, Russia, India, China, and South Africa. The author of Rich Dad, Poor Dad emphasizes:
That means trillions of dollars back, and the impact will probably be… . will be hyperinflation.
Waving a dollar bill around, Kiyosaki emphasized: “So, 70% of the world’s population that used to use dollars will pick up this dollar bill and say, ‘I don’t need it anymore. He continued:
And this thing [the US dollar] will become garbage. This one becomes toilet paper. This little dollar is here. Because there are so many of them.
Sharing Kiyosaki’s thoughts, Schectman elaborated: “The United States and its actions have destroyed itself, itself, more than any foreign enemy has done in the past few years.” “We have done this because we have weaponized the source of our power, the U.S. dollar, and as a result, we have moved most of the world away from the U.S. dollar.”
Moreover, Kiyosaki is disappointed with the direction the U.S. is headed. Regarding the U.S. authorities’ decision to file criminal charges against former President Donald Trump, the author of “Rich Dad, Poor Dad” tweeted on Tuesday: “Tragic day in America. My friend, the former president, is being arraigned in a New York court. His sons Don jr and Eric are also very close friends.” And Kiyosaki opines:
With crime on the rise in cities&, voters are demanding “funding for 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 indicted for criminal activity.
Kiyosaki has repeatedly warned about the U.S. dollar and its potential collapse as the world’s reserve currency. He has also warned that stock, bond, and real estate markets could crash and crash land.
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