- Kiyosaki claimed the United States has broken Gresham’s rules and other monetary laws.
- The author stated that the rest of the world is fed up with the US breaking the rules.
Robert Kiyosaki, the author of Rich Dad Poor Dad, has expressed worry about the future of the United States, hyperinflation, and the possible collapse of the U.S. currency. Kiyosaki and Sharon Lechter wrote the book “Rich Dad, Poor Dad” in 1997.
It has been on the list of best-sellers at the New York Times for almost six years. The book has been translated into 51 languages and published in more than 109 countries, with sales of more than 32 million copies.
Kiyosaki argued that the United States has broken Gresham’s rules and other monetary laws in an “emergency podcast” he presented on Wednesday with guest Andy Schectman, the owner of precious metal dealer Miles Franklin.
Global Reserve Currency
The author stated that the rest of the world is fed up with the US breaking the rules when it comes to currency. The BRICS (Brazil, Russia, India, China, and South Africa) is a group that they have decided to join.
Kiyosaki held out a bill and highlighted, that implies 70% of the world’s people who used to utilize the USD are going to grab this bill and say: “We don’t want it anymore.”
Moreover, Kiyosaki has often sounded the alarm about the decline of the U.S. dollar and its position as the global reserve currency. He has also warned that the stock, bond, and real estate markets might be about to implode.
The famous author is a renowned advocate of Bitcoin and precious metals and has often asked his followers to invest in them rather than the traditional investment sectors.