Robert Kiyosaki Warns US Dollar ‘Will Die’ Citing BRICS Nations’ Plan to Launch Gold-Backed Currency

Rich Dad Poor Dad writer Robert Kiyosaki has warned that the U.S. dollar volition die. He expects the BRICS nations (Brazil, Russia, India, China, and South Africa) to motorboat a gold-backed currency that volition termination the USD. The celebrated author further stressed that U.S. dollars volition travel flooding location and ostentation volition spell done the roof.

Robert Kiyosaki connected Death of US Dollar, BRICS Currency Launch, Inflation

Robert Kiyosaki, the writer of Rich Dad Poor Dad, has weighed successful connected the projected BRICS currency and its imaginable interaction connected the U.S. dollar. Rich Dad Poor Dad is simply a 1997 publication co-authored by Kiyosaki and Sharon Lechter. It has been connected the New York Times Best Seller List for implicit six years. More than 32 cardinal copies of the publication person been sold successful implicit 51 languages crossed much than 109 countries. The BRICS nations comprise Brazil, Russia, India, China, and South Africa.

The anticipation surrounding the caller BRICS currency has surged aft a report by Russian quality outlet RT, suggesting that the BRICS economical bloc is preparing to present a gold-backed currency, with an authoritative announcement expected to beryllium made during the leaders’ acme scheduled for Aug. 22-24. However, nary BRICS officials person made an announcement regarding the caller currency, and determination is nary confirmation that it volition beryllium backed by gold.

In a Tuesday tweet, Kiyosaki predicted that the U.S. dollar volition dice and trillions of USD volition unreserved home, arsenic helium expects the BRICS nations to denote a gold-backed currency during their acme successful August. The celebrated writer added that ostentation volition spell done the roof, emphasizing that investors should bargain gold, silver, and bitcoin — his accustomed recommendation.

This was not the archetypal clip Kiyosaki has warned astir the BRICS nations challenging the dominance of the U.S. and its currency. In April, helium likewise said that “quadrillions of dollars” are coming back, cautioning that “the ramifications of that are perchance … hyperinflation.”

Kiyosaki has been recommending gold, silver, and bitcoin for galore years. He antecedently explained that the 3 investments are the best for “unstable times.” In his tweet connected Tuesday, helium besides mentioned that the terms of bitcoin volition deed $120,000 adjacent year. The celebrated writer could beryllium quoting the revised forecast by Standard Chartered. The banking elephantine said Monday that BTC could scope $50,000 this twelvemonth and $120,000 successful 2024.

The renowned writer has made his ain predictions astir the aboriginal terms of gold, silver, and bitcoin, stating successful February that BTC volition deed $500,000 by 2025, golden volition deed $5,000, and metallic volition scope $500.

While galore radical expect the motorboat of a communal BRICS currency to beryllium announced astatine the August summit, the vice president and main fiscal serviceman of the New Development Bank, besides known arsenic the BRICS Bank, said that the instauration of a communal currency that would vie with the U.S. dollar is simply a mean to agelong word ambition. “No 1 is suggesting close present that BRICS volition signifier an alternate currency,” helium stated.

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