Robert Kiyosaki's Urgent Warning: Impending US Dollar Collapse Linked to BRICS Crypto Proposal

Renowned author of "Rich Dad Poor Dad," Robert Kiyosaki, has voiced concerns over the potential ramifications for the U.S. dollar if the BRICS economic bloc were to introduce a gold-backed cryptocurrency. Kiyosaki envisions a scenario where trillions of U.S. dollars flood back into the country, precipitating hyperinflation and ultimately the collapse of the U.S. dollar.

Kiyosaki's Concerns: BRICS Gold-Backed Cryptocurrency and the Fate of the U.S. Dollar

Kiyosaki, known for his influential financial insights, expressed apprehension about the possibility of the BRICS nations—Brazil, Russia, India, China, and South Africa—introducing a gold-backed cryptocurrency. He highlighted the risk posed to the stability of the U.S. dollar in such an event.

The bestselling author cautioned that the introduction of a BRICS gold-backed crypto could trigger a massive influx of fiat U.S. dollars back into America, leading to hyperinflation and, ultimately, the devaluation of the U.S. dollar.

He wrote on X Sunday: “Currently in South Africa a country I love. Watching and listening to rumors of what will happen when BRICS nations, Brazil, Russia, India, China, South Africa produce BRICS crypto, possibly backed by gold.” The famous author added:

If BRICS gold crypto happens, trillions in fake money, fiat U.S. dollars will come rushing back to home to America causing hyperinflation in America, ultimately destroying U.S. dollar.

Kiyosaki's Investment Advice: Diversification Amid Dollar Concerns

In response to these concerns, Kiyosaki recommended his followers to consider diversifying their investments. He advocated for acquiring real assets such as gold, silver, and bitcoin as a safeguard against the potential collapse of the U.S. dollar.

BRICS Economic Developments: Shifts in Currency and Membership

While speculation regarding the establishment of a common currency backed by gold within the BRICS economic group surfaced last year, recent discussions have focused more on promoting the use of local currencies in trade settlements, aiming to reduce reliance on the U.S. dollar.

Furthermore, the BRICS coalition expanded its membership during the leaders' summit, extending invitations to five new nations: Saudi Arabia, the United Arab Emirates (UAE), Iran, Egypt, and Ethiopia.

Kiyosaki's Perspective on Bitcoin and the BRICS Gold-Backed Cryptocurrency

Kiyosaki has persistently warned about the vulnerability of the U.S. dollar, advocating for alternative assets like bitcoin, gold, and silver. He perceives bitcoin as particularly well-suited for the current economic climate.

As discussions surrounding the potential impact of a BRICS gold-backed cryptocurrency continue, Kiyosaki's cautionary words serve as a reminder of the ongoing shifts in the global economic landscape.