Robert Kiyosaki, an author of the best-selling book Rich Dad, Poor Dad, has predicted the end of the US dollar. He also claimed that the Russian-Ukraine conflict has made crypto “a safer haven asset than government fake fiat money.”
Robert Kiyosaki on Bitcoin and War
In a series of tweets on Tuesday, Robert Kiyosaki, the author of Rich Dad, Poor Dad, discussed bitcoin, the Russian-Ukraine war, and the end of the US dollar.
Kiyosaki and Sharon Lechter co-authored Rich Dad Poor Dad in 1997. It has been on the New York Times Best Seller List for over six years. The book has been sold in more than 109 countries and has been translated into 51 languages.
He wrote, “Ukraine/Russian war giving rise to crypto as a safer haven than government fake fiat money,” citing the fact that many Russians are using bitcoin as a lifeline after the Russian ruble collapsed.
The Biden administration and the Federal Reserve “want inflation to pay off trillions in debt,” according to Kiyosaki, who also advised:
Stocking up on products you’ll always use, such as toilet paper, trash bags, canned goods, frozen foods, gold, silver, and bitcoin, could be the best investment.
In a separate tweet, he went into greater detail about investing in oil. “I don’t put money into oil companies like Mobile or Exxon. I make direct investments in oil wells. Higher risk equals higher reward. Tax reductions are fantastic. Last week, two wells were drilled as oil prices rose from $70 to $130. “The rich get richer, but the poor get poorer,” wrote the renowned author.
Kiyosaki warned last week that “we are in the biggest bubble in world history” and the US government would seize all cryptocurrencies. Furthermore, he believes the government will regulate the crypto industry before launching a “Fed crypto.” Finally, according to Kiyosaki, all cryptocurrencies will be seized and merged into the government’s cryptocurrency.
His predictions were widely panned on social media, with many people telling him that not all cryptocurrencies can be seized. For example, decentralized cryptos, such as bitcoin, cannot be seized within the network, and the government will have a difficult time pursuing self-custodied cryptocurrencies.
Kiyosaki Talks About the End of the Dollar
Kiyosaki also talked about the US dollar’s demise on Tuesday. He stated that the United States hegemony is waning and that the United States is becoming less of global power.
The author of Rich Dad Poor Dad used the news that Saudi Arabia is considering accepting Chinese yuan instead of US dollars for Chinese oil sales as evidence.
Since the start of the war between Russia and Ukraine, several people, including veteran investor Jim Rogers, who co-founded the Quantum Fund with billionaire investor George Soros, have publicly stated that the US dollar is losing its dominance. “What is happening with the US dollar right now is the end of the US dollar,” Rogers explained, “because an international currency is supposed to be neutral, but Washington is changing the rules.”
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