Robert Kiyosaki Predicts the Demise of the Dollar Claims Conflict Paves the Way for Crypto as It’s Just a Better Refuge Than Fiat

  • The dollar is losing its dominance. What’s happening with the dollar right now, Rogers observed, is the death of the dollar because international currencies are supposed to be neutral, but Washington is rewriting the rules.
  • Greater risk equals higher reward. Tax cuts worked well. Two wells were drilled last week as oil prices rose from $70 to $130.
  • All cryptocurrencies will be confiscated and incorporated into the government’s cryptocurrency.

In a series of tweets on Tuesday, Rich Dad, Poor Dad author Robert Kiyosaki discussed Bitcoin, the Russian-Ukrainian war and the demise of the dollar. Rich Dad Poor Dad was co-authored by Kiyosaki and Sharon Lechter circa 1997. It has been on the New York Times bestseller list for nearly six years. The book has been published in 51 languages ​​and in over 109 countries.

Robert Kiyosaki talks cryptocurrencies and conflict

He added that the Ukraine/Russia war has made cryptocurrencies a safer haven than the government’s fake fiat currency, citing Bitcoin as a lifeline for many Russians after the Russian ruble plummeted. Kiyosaki said the Biden administration and the Fed want inflation to pay off trillions of dollars of debt, and he also suggested: Stock up on things you use regularly, such as toilet paper, garbage bags, canned food, frozen food, gold, silver and possibly bitcoin. is the best investment.

In another tweet, he went into more detail about investing in oil. I wouldn’t put my money in an oil company like Mobile or Exxon. I invest directly in oil wells. Greater risk equals higher reward. Tax cuts worked well. Two wells were drilled last week as oil prices rose from $70 to $130. The famous writer wrote that the rich get richer and the poor get poorer.

Kiyosaki predicted last week that we are in the biggest bubble in global history and that the U.S. government will take over all cryptocurrencies. He believes the government will regulate the cryptocurrency industry before launching the Fed cryptocurrency. In the end, according to Kiyosaki, all cryptocurrencies will be confiscated and merged into the government’s cryptocurrency.

On social media, his predictions were widely criticized, with many warning him that not all cryptocurrencies could be adopted. Decentralized cryptocurrencies, such as Bitcoin, cannot be confiscated within the network, and it will be difficult for governments to pursue self-custody cryptocurrencies.

Kiyosaki only talks about dollar depreciation

Kiyosaki also talked about the devaluation of the dollar on Tuesday. He said U.S. hegemony is waning and U.S. global power is waning. The author of “Rich Dad Poor Dad” points to news that Saudi Arabia is considering accepting yuan instead of dollars to sell oil to China.

Since the start of the Russia-Ukraine war, some, including veteran investor Jim Rogers, who co-founded the Quantum Fund with billionaire George Soros, have said publicly that the dollar is losing its dominance. What’s happening with the dollar right now, Rogers observed, is the death of the dollar because international currencies are supposed to be neutral, but Washington is rewriting the rules.

Also read: NFTs on the market helped rebuild Ukraine

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