{"id":20331,"date":"2023-04-28T00:49:10","date_gmt":"2023-04-28T00:49:10","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/robert-kiyosaki-warns-of-economic-chaos-war-breaking-out-gold-crashing-economics-bitcoin-news\/"},"modified":"2023-04-28T00:49:10","modified_gmt":"2023-04-28T00:49:10","slug":"robert-kiyosaki-warns-of-economic-chaos-war-breaking-out-gold-crashing-economics-bitcoin-news","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/robert-kiyosaki-warns-of-economic-chaos-war-breaking-out-gold-crashing-economics-bitcoin-news\/","title":{"rendered":"Robert Kiyosaki Warns of Economic Chaos, War Breaking Out, Gold Crashing \u2013 Economics Bitcoin News"},"content":{"rendered":"

(Originally posted on : Bitcoin News )<\/b>
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Rich Dad Poor Dad author Robert Kiyosaki has warned of economic chaos, a war breaking out, hyperinflation, and rising starvation. Commenting on de-dollarization on a \u201cmassive scale,\u201d he stressed: \u201cIt\u2019s a weaponization of our U.S. dollar against the world \u2026 It\u2019s all coming down fast right now.\u201d<\/strong><\/p>\n

Robert Kiyosaki on De-Dollarization on \u2018Massive Scale\u2019<\/h2>\n

The author of Rich Dad Poor Dad, Robert Kiyosaki, is back with more dire predictions about the U.S. economy, the dollar, and global economic chaos. 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. Over 32 million copies of the book have been sold in over 51 languages across more than 109 countries.<\/p>\n

During his Rich Dad radio show, which aired last week, Kiyosaki discussed de-dollarization with Andy Schectman, CEO of Miles Franklin Precious Metals Investments.<\/p>\n

Schectman began by highlighting recent events that led to what he described as \u201cde-dollarization on a massive scale,\u201d including the meeting<\/a> between French President Emmanuel Macron and Chinese President Xi Jinping. \u201cWhen our allies are breaking rank, it is going to speed things up, I believe, tremendously,\u201d he emphasized.<\/p>\n

Kiyosaki concurred, stating:<\/p>\n

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It\u2019s a weaponization of our U.S. dollar against the world and the world\u2019s pissed off about it right now \u2026 It\u2019s all coming down fast right now. It\u2019s going faster and faster.<\/p>\n<\/blockquote>\n

The two proceeded to discuss the catalysts for the rising de-dollarization trend across the globe. They include Saudi Arabia entering trade alliances with China, Russia, India, and Pakistan to step further away from U.S. dollar reliance and China settling<\/a> trades with Brazil in local currencies. They also mentioned the BRICS nations\u2019 de-dollarization efforts<\/a> and the economic bloc potentially launching a new currency<\/a>. Several countries, such as Indonesia<\/a>, are also following the BRICS\u2019 lead and shifting away from the U.S. dollar for trade settlements. The BRICS countries are Brazil, Russia, India, China, and South Africa.<\/p>\n

Gresham\u2019s Law and Triffin\u2019s Dilemma \u2018Violated\u2019<\/h2>\n

\u201cThere are two basic laws that are violated,\u201d the Rich Dad Poor Dad author explained. \u201cWhen Nixon, in \u201871, took the dollar off the gold standard, what happened was that he violated Gresham\u2019s Law, and Gresham\u2019s Law says when bad money enters a system, good money goes into hiding.\u201d<\/p>\n

Kiyosaki continued: \u201cThe second law is Triffin\u2019s 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 \u2026 but now the Bretton Woods agreement is falling apart.\u201d<\/p>\n

The famous author added: \u201cTriffin\u2019s Dilemma meant the U.S. had to supply dollars to every central bank throughout the world, so we had to print probably quadrillions of dollars.\u201d However, he stressed that when the BRICS nations gang up against \u201cthe playground bully, the U.S.,\u201d they say: \u201cTake your dollars back.\u201d Kiyosaki then warned:<\/p>\n

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When those dollars come roaring back into America, we have a thing called hyperinflation, and every time there\u2019s hyperinflation, guess what happens, dictators arise and when dictators arise, the murder starts.<\/p>\n<\/blockquote>\n

Schectman shared: \u201cYou will wake up Monday morning and it\u2019ll be: \u2018Oh my God, what just happened.\u2019 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<\/a>, they\u2019ll stand arm-in-arm and say: \u2018We\u2019ve decided \u2026 we\u2019re going to take the yuan until the new BRICS currency is out.\u2019 Whatever they say, those dollars will start flooding home before we can even wake up and we\u2019ll wake up to interest rates spiking \u2026 and the whole system in chaos.\u201d<\/p>\n

Citing a video by Bridgewater Associates founder Ray Dalio explaining \u201cthe changing of world order,\u201d Kiyosaki stressed:<\/p>\n

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Out of all this chaos \u2026 the dollar is going to come back in trillions \u2014 hyperinflation, war breaks out, starvation increases \u2026 I hate to say this, and I hope I\u2019m wrong, it\u2019s the end of the American Empire. It happens all the time and it doesn\u2019t happen peacefully.<\/p>\n<\/blockquote>\n

Meanwhile, Kiyosaki is planning to buy more gold. He tweeted Monday: \u201cGold 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.\u201d<\/p>\n

What do you think about the warning by Rich Dad Poor Dad author Robert Kiyosaki? Let us know in the comments section below.<\/strong><\/em><\/p>\n

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\nKevin Helms <\/h6>\n

\nA 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.

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Image Credits<\/b>: Shutterstock, Pixabay, Wiki Commons<\/em><\/p>\n

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