Renowned author Robert Kiyosaki, best known for his book Rich Dad Poor Dad, has raised concerns about the current state of the world’s financial system. According to Kiyosaki, the global economy is facing trouble due to a system that relies heavily on inflation and currency devaluation. In a recent social media post, he shared his views with his 2.6 million followers on X, highlighting the history of the United States devaluing its currency at the expense of its citizens.
Kiyosaki referred to the US dollar as “fake money,” emphasizing that the government has the power to print more money out of thin air, leading to a devaluation of the currency. He expressed his distrust towards the government, dating back to 1965 when he noticed the debasement of silver coins. He also criticized President Nixon for taking the US dollar off the gold standard in 1971, further diminishing the value of the currency.
Encouraging investors to protect their wealth, Kiyosaki recommended investing in scarce assets such as gold, silver, and Bitcoin (BTC). He believes that holding these assets can safeguard individuals in the event of a severe financial crisis. Despite the rising prices of Bitcoin, Kiyosaki expressed his intention to accumulate 100 BTC, prioritizing “real money” over fiat currency.
As of the current writing, the price of Bitcoin stands at $97,222. Kiyosaki’s advice to prioritize tangible assets like gold, silver, and Bitcoin comes as a precautionary measure against the impending financial crash. His strong advocacy for alternative investments reflects his belief in the importance of diversifying one’s portfolio to mitigate risks in uncertain economic times.
In conclusion, Robert Kiyosaki’s warning about the vulnerabilities of the financial system serves as a wake-up call for individuals to reassess their investment strategies. By embracing assets like gold, silver, and Bitcoin, investors can potentially shield themselves from the negative impacts of inflation and currency devaluation. Kiyosaki’s bold stance on prioritizing “real money” underscores the need for proactive financial planning in an increasingly volatile economic landscape.