The world of finance and economics is in for a major shakeup, according to Robert Kiyosaki, author of the famous personal finance book “Rich Dad Poor Dad.” Kiyosaki has made a bold prediction on a lasted podcast on Youtube that the United States’ dominance as the world’s reserve currency will soon come to an end, and that silver and gold will take over as the new global currency.
Kiyosaki argues that the United States has long dominated the global financial position with the dollar as the world’s reserve currency. However, he cites a possible end to this dominance, due to Gresham’s law, which states that “bad money drives out good money.” According to Kiyosaki, the dollar is now turning into toilet paper, and silver and gold will be the best money to replace it.
The author asserts that the dominance of the dollar will come to an end, as other countries form economic alliances and choose to transact in other forms of currency. He points to the growing number of BRICS member states (Brazil, Russia, India and China) as an example. He further suggests that the world already has enough transactions in dollars while supplying real goods to the United States. However, he notes that now people are giving America cheap toilet paper back, indicating that the end is coming.
Kiyosaki predicts that the global economy may collapse as inflation increases, and he blames the Federal Reserve for being unable to control the situation. He warns that the collapse may happen soon, and people need to start investing in silver and gold to protect themselves.
In conclusion, Kiyosaki’s prediction of the end of the dollar’s global financial dominance is a bold one, and it remains to be seen whether it will come true. However, the world of finance and economics is undoubtedly changing, and investors should take note of these changes to make informed decisions.
#Kiyosaki #RichDadRichPoor #crypto2023 #azcoinnews #azcoin
This article was republished from azcoinnews.com