As a researcher with a background in economics and finance, I’ve closely followed Robert Kiyosaki’s insights and advice for years. His latest warnings about the potential collapse of the US dollar and the emergence of BRICS nations as a threat to the US economy are particularly concerning.
Robert Kiyosaki, the writer behind Rich Dad Poor Dad, has once more encouraged his audience to invest in Bitcoin together with Gold and Silver, anticipating the potential demise of the US dollar. He also mentions the looming danger from BRICS countries as they develop a gold-backed stablecoin.
Kiyosaki recently shared on Twitter that he’s now in South Africa, expressing his intrigue over the significant happenings in the area. Notably, there have been intense discussions among BRICS nations about creating their own cryptocurrency, potentially secured by gold.
Kiyosaki posits that the adoption of this new currency might result in a large flow of US dollars returning to the United States, which could in turn cause rampant inflation and eventually bring about the demise of the US dollar.
As a crypto investor, I’d address your worries by following Robert Kiyosaki’s advice. To shield against currency devaluation, I’d diversify my investment portfolio. Instead of relying solely on one currency or asset class, I’d add gold, silver, and Bitcoin to my holdings. These assets have historically served as hedges against economic instability and potential US dollar crashes. By doing so, I aim to minimize the impact of any unexpected market shifts on my investment portfolio.
As a researcher studying economic trends in South Africa and beyond, I’m intrigued by the buzz surrounding the potential creation of a BRICS (Brazil, Russia, India, China, South Africa) crypto currency backed by gold. The idea is that this digital asset could offer an alternative to traditional fiat currencies like US dollars, potentially trillion-dollar reserves of which may be considered fake or inflated in value. It’s an intriguing concept worth exploring further as we monitor developments from these influential nations.
— Robert Kiyosaki (@theRealKiyosaki) May 12, 2024
Robert Kiyosaki, a well-known financial expert, has raised concerns about the future of the US economy. According to his predictions, a significant market crash is imminent in the US within the near future. He issues a grave warning, suggesting that the situation could develop into a depression-like scenario. Preparation for potential adversity is strongly advised.
BRICS Preparing for USD Alternative
Last week, Alexey Mozhin, the Russian representative at the International Monetary Fund (IMF), spoke to RIA Novosti about the readiness of BRICS nations to propose an alternative to the US dollar. During a Friday interview, he underscored the growing imperfections in the existing financial system.
If the proposal under consideration becomes a reality, the BRICS accounting unit would need to be transformed into a genuine currency with tangible backing in the unlikely event of the dollar’s demise and the collapse of the international monetary system.
As a researcher studying global economic trends, I’ve observed that the US dollar maintains its role as the world’s reserve currency. Yet, a sudden collapse of this status is an unlikely scenario in the financial market. Nevertheless, major economies and competitors of the US, such as China, have been aggressively acquiring gold in large quantities over recent months.
As a crypto investor, I’ve been following Elon Musk’s latest tweets with great interest. In one of his recent posts, he drew an intriguing comparison between the Federal Reserve and the “Federal Reserve” token in Monopoly, implying that, just like the game bank, the Fed has the ability to generate more money without going bankrupt. This analogy has ignited intense debates about monetary policy, particularly as we anticipate the return of quantitative easing (QE).
Buy #Bitcoin.Buy Gold.Buy Silver.
They’ll start QE in the next months again.
— Michaël van de Poppe (@CryptoMichNL) May 11, 2024
According to crypto analyst Michael van de Poppe, quantitative easing (QE) is expected to resume shortly after the summer recess. Consequently, he recommended that investors consider purchasing Bitcoin, Gold, and Silver as potential investments in light of this imminent monetary policy action.
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2024-05-13 11:18