Robert Kiyosaki Warns of Economic Chaos, War Breaking Out, Gold Crashing

Rich Dad Poor Dad writer Robert Kiyosaki has warned of financial chaos, a warfare breaking out, hyperinflation, and rising hunger. Commenting on de-dollarization on a “massive scale,” he harassed: “It’s a weaponization of our U.S. dollar against the world … It’s all coming down fast right now.”

Robert Kiyosaki on De-Dollarization on ‘Massive Scale’

The writer of Rich Dad Poor Dad, Robert Kiyosaki, is again with extra dire predictions in regards to the U.S. economic system, the greenback, and international financial chaos. Rich Dad Poor Dad is a 1997 e-book co-authored by Kiyosaki and Sharon Lechter. It has been on the New York Times Best Seller List for over six years. Over 32 million copies of the e-book have been bought in over 51 languages throughout greater than 109 international locations.

During his Rich Dad radio present, which aired final week, Kiyosaki mentioned de-dollarization with Andy Schectman, CEO of Miles Franklin Precious Metals Investments.

Schectman started by highlighting latest occasions that led to what he described as “de-dollarization on an enormous scale,” together with the meeting between French President Emmanuel Macron and Chinese President Xi Jinping. “When our allies are breaking rank, it is going to speed things up, I believe, tremendously,” he emphasised.

Kiyosaki concurred, stating:

It’s a weaponization of our U.S. greenback in opposition to the world and the world’s pissed off about it proper now … It’s all coming down quick proper now. It’s going quicker and quicker.

The two proceeded to debate the catalysts for the rising de-dollarization pattern throughout the globe. They embrace Saudi Arabia getting into commerce alliances with China, Russia, India, and Pakistan to step additional away from U.S. greenback reliance and China settling trades with Brazil in native currencies. They additionally talked about the BRICS nations’ de-dollarization efforts and the financial bloc doubtlessly launching a new currency. Several international locations, corresponding to Indonesia, are additionally following the BRICS’ lead and shifting away from the U.S. greenback for commerce settlements. The BRICS international locations are Brazil, Russia, India, China, and South Africa.

Gresham’s Law and Triffin’s Dilemma ‘Violated’

“There are two basic laws that are violated,” the Rich Dad Poor Dad writer defined. “When Nixon, in ‘71, took the dollar off the gold standard, what happened was that he violated Gresham’s Law, and Gresham’s Law says when bad money enters a system, good money goes into hiding.”

Kiyosaki continued: “The second law is Triffin’s Dilemma and that happened in 1944. What happened in 1944 at the Bretton Woods agreement in New Hampshire was the world said that we agree that the world will trade in U.S. dollars … but now the Bretton Woods agreement is falling apart.”

The well-known writer added: “Triffin’s Dilemma meant the U.S. needed to provide {dollars} to each central financial institution all through the world, so we needed to print most likely quadrillions of {dollars}.” However, he harassed that when the BRICS nations gang up in opposition to “the playground bully, the U.S.,” they are saying: “Take your dollars back.” Kiyosaki then warned:

When these {dollars} come roaring again into America, we’ve got a factor known as hyperinflation, and each time there’s hyperinflation, guess what occurs, dictators come up and when dictators come up, the homicide begins.

Schectman shared: “You will wake up Monday morning and it’ll be: ‘Oh my God, what just happened.’ Because in the middle of the night, while we were all sleeping, all of the OPEC members who are all on the Belt and Road Initiative, they’ll stand arm-in-arm and say: ‘We’ve decided … we’re going to take the yuan until the new BRICS currency is out.’ Whatever they say, those dollars will start flooding home before we can even wake up and we’ll wake up to interest rates spiking … and the whole system in chaos.”

Citing a video by Bridgewater Associates founder Ray Dalio explaining “the changing of world order,” Kiyosaki harassed:

Out of all this chaos … the greenback goes to come back again in trillions — hyperinflation, warfare breaks out, hunger will increase … I hate to say this, and I hope I’m fallacious, it’s the tip of the American Empire. It occurs on a regular basis and it doesn’t occur peacefully.

Meanwhile, Kiyosaki is planning to purchase extra gold. He tweeted Monday: “Gold to crash. Steve Van Meter, whom I respect, predicts gold to crash to $1,000. He states markets are tired of waiting for gold to go higher. If gold drops to $1,000 I will buy more. I am an investor, not a trader. To me, gold, silver, and bitcoin are real money. To me cash is trash.”

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