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America Is Dying as dollar as toilet paper

(2023-04-28 16:16:36) 下一个

罗伯特·彻·清崎（英语：Robert Toru Kiyosaki，日语：清崎徹，1947年4月8日—），美国夏威夷出生，第4代日裔美国人，富爸爸系列书籍的主要作者。以提倡理财智商（财商）的教育著名。

Robert Kiyosaki Says 'America Is Dying' — Warns of Hyperinflation, Death of US Dollar
 
Rich Dad Poor Dad author Robert Kiyosaki has issued a warning about the potential demise of the U.S. dollar and the looming threat of hyperinflation. He has expressed concern that the USD may lose its value and “become toilet paper.” Further, the famous author is saddened by U.S. authorities bringing criminal charges against former President Donald Trump. He stated: “As crime runs rampant in our cities & voters demand ‘defund the police.’ I am crying. America is dying.”

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.

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 Helms

A 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

https://finbold.com/robert-kiyosaki-warns-us-dollar-will-return-as-a-tidal-wave-of-toilet-paper-on-america/#:~:text= 

Robert Kiyosaki warns US dollar will return as ‘a tidal wave of toilet paper’ on America

Ana Nicenko Ana Nicenko   
 

As the world is still reeling from the shock caused by the crash of several major banks within days of each other, Robert Kiyosaki, author of the best-selling personal finance book ‘Rich Dad Poor Dad,’ has warned about the possible role of the United States dollar in the financial collapse that he believes is threatening America.

Specifically, he and his guest Andy Schectman, the CEO of Miles Franklin Precious Metals Investments, discussed the BRICS nations – Brazil, Russia, India, China, and South Africa – positioning themselves as an alternative to the West in terms of global financial and political forums and challenging the dominance of the US dollar with a new currency, in a podcast streamed on April 5.

“America has been violating all of these laws of money for all these years, and the world says, ‘We’ve had enough of this,’ so they’re joining the BRICS. (…) That means 70% of the world’s population that used to use the dollar is going to take [it] and say, ‘We don’t want it anymore.’”

Triffin's dilemma at play

According to Kiyosaki, what is currently at play is the implications of the so-called Triffin’s dilemma, named after Belgian-American economist Rober Triffin who, in 1960, exposed a fundamental problem in the global monetary system that led to a trade deficit as the country printing the international reserve currency had to be willing to provide an extra supply of it to fulfill world demand.

As the ‘Rich Dad Poor Dad’ author explained, holding a US dollar bill in his hand, this “meant that, for the US dollar to be the world’s money, a reserve currency in 1944, they had to print extra of this, so the whole world had this in their banks (…), they had more of this stuff than any other product in history,” This is toilet paper.”

“So what’s gonna come back is a tidal wave of this toilet paper upon America and this little $35 [silver] coin here – I don’t like to make predictions – but I’d rather have this than this [dollar] here. And it’s really tough to get people to say, ‘No, I’d rather have toilet paper,’ it makes no sense to me.”

Alternatives to 'toilet paper'

Finally, Kiyosaki had one last warning for his viewers, arguing that “when these things start to explode, and [the countries] don’t want them anymore because the BRICS is gonna take this down, you’re gonna wish you had some more of these $35 silvers because this is still real money.”

As a reminder, the author has had scathing views of the American currency for quite a while, recently projecting a possible end to the US dollar’s long-time global domination as the world reserve currency and referring to it as “toilet paper.” 

Instead, he has long been recommending his viewers to purchase the flagship cryptocurrency Bitcoin (BTC), as well as precious metals – silver and gold – and warning that the inflation in the US was now systemic as he criticized the authorities for not accurately presenting the situation, as Finbold reported on March 19.

Featured image via The Rich Dad Youtube Channel

 

 
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