Rich Dad Poor Dad author Robert Kiyosaki has warned that a giant crash is coming, emphasizing that the end of fiat money, including the U.S. dollar, is near. Noting that the USD “will die,” he urged investors to buy gold, silver, and bitcoin. His warnings came as the BRICS economic bloc is discussing creating a common currency that could be backed by gold.
Robert Kiyosaki’s Giant Crash Warnings
The author of Rich Dad Poor Dad, Robert Kiyosaki, has issued more warnings about the U.S. economy and 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.
Kiyosaki tweeted Wednesday:
Giant crash coming. Fake money, aka fiat currency, to die. BRICS meeting in S. Africa [on] August 22 to put nail in coffin of fiat…fake money. Get into real gold, silver & bitcoin asap. Take care. End of fiat (fake) money near.
Earlier this week, Kiyosaki specifically warned about the end of the U.S. dollar, citing reports that the BRICS nations (Brazil, Russia, India, China, and South Africa) are preparing to launch a common currency backed by gold. Stating that the U.S. dollar “will die,” the renowned author noted that trillions of USD will “rush home” and inflation will go through the roof. He also stated that the price of bitcoin will reach $120K next year.
The famous author has persistently cautioned about the downfall of the U.S. dollar, referring to it as “fake” money. In contrast, he has consistently expressed his belief that gold and silver are “God’s money,” while bitcoin represents “people’s money.” According to him, these three investments are the most suitable choices for “unstable times.”
In a follow-up tweet on Friday, Kiyosaki explained the recent surge in the stock market. He wrote: “Why is stock market taking off? Because ‘debt ceiling’ removed. Means national debt to rise with stock market. Rich get richer as America gets poorer. Sad. Sticking with real money & real assets: gold, silver, bitcoin.”
The famous author has been sounding the alarm about a giant crash for quite some time. In June, he warned of the greatest real estate crash “ever.” He also believes that the U.S. economy is headed for a crash landing. In February, he cautioned that “everything will crash.”
The Rich Dad Poor Dad author is not alone in foreseeing a significant crash on the horizon. Veteran trader Jim Rogers anticipates the most severe recession and the worst bear market in his lifetime. Economist Peter Schiff issued warnings in May about potential financial crises and depressions.