Notable Writer Robert Kiyosaki Cautions About Potential Decline of U.S. Dollar

• Kiyosaki asserted that the United States has violated Gresham’s laws and other monetary regulations.
• The author mentioned that the global community is frustrated with the US disregarding the rules.

Robert Kiyosaki, the writer of Rich Dad Poor Dad, has voiced concerns regarding the future of the United States, hyperinflation, and the potential downfall of the U.S. dollar. Kiyosaki and Sharon Lechter co-authored the book “Rich Dad, Poor Dad” in 1997.

This book has remained on the New York Times best-seller list for nearly six years. It has been translated into 51 languages and published in over 109 countries, achieving sales exceeding 32 million copies.

Kiyosaki contended that the United States has breached Gresham’s laws and other monetary principles during an “emergency podcast” he hosted on Wednesday with guest Andy Schectman, the proprietor of precious metal dealer Miles Franklin.

Global Reserve Currency

The author indicated that the global community is tired of the US violating the rules regarding currency. The BRICS nations (Brazil, Russia, India, China, and South Africa) have decided to unite in this regard.

Kiyosaki displayed a bill and emphasized that this signifies that 70% of the global population who previously relied on the USD will take this bill and declare: “We don’t want it anymore.”

Furthermore, Kiyosaki has frequently raised alarms about the diminishing value of the U.S. dollar and its status as the global reserve currency. He has also cautioned that the stock, bond, and real estate markets may be on the verge of collapse.

The well-known author is a prominent proponent of Bitcoin and precious metals, often encouraging his followers to invest in these assets instead of traditional investment avenues.