3 - 5 minute read
In a recent video on The Rich Dad Channel, Robert Kiyosaki, the author of the best-selling book “Rich Dad Poor Dad,” issued a dire warning to Americans. According to him, the country is at risk of suffering hyperinflation, war, and starvation as BRICS nations send their dollars back to the US. Kiyosaki warned that the alliance of Brazil, Russia, India, China, and South Africa poses a significant threat to the stability of American society. The reason being that the alliance of nations could trigger hyperinflation by sending their massive dollar reserves back to the United States.
Kiyosaki explains that the Triffin dilemma, which suggests that the issuer of the global reserve currency faces the challenge of running an oversupply of its currency as the country provides liquidity to the rest of the world, is the main problem. The US has to supply dollars to every central bank throughout the world, which means that it has to print quadrillions of dollars. If BRICS nations gang up against the US, they can send their dollars back to the US, leading to hyperinflation. Kiyosaki says that every time there’s hyperinflation, dictators arise.
“Triffin’s dilemma meant that the US had to supply dollars to every central bank throughout the world. So we had to print probably quadrillions of dollars. And what happens is when the playground bully, the US, and the BRICS nations gang up against the bully, they say, ‘Take your dollars back.’
BRICS is reportedly in the early stages of developing a precious metal-pegged currency that does not utilize US dollars. This move could be a significant threat to the US dollar, which has been the world’s reserve currency for decades. The alliance of nations is working to defy the supremacy of the US dollar as the world’s reserve currency. If BRICS completely abandons the US dollar, hyperinflation is just the tip of the iceberg. Kiyosaki predicts that military conflict will contribute to a new American struggle to access the most basic needs.
The best-selling author also warns that other countries are beginning to realize that the US dollar cannot be trusted. If people do not trust their money, hyperinflation is inevitable. Kiyosaki explains that trillions of dollars will come washing back on the US shore, leading to hyperinflation like we’ve never seen before. The situation could trigger a series of crises that could rock the American economy to its core.
The Bottom Line
The warning from Robert Kiyosaki is a wake-up call for Americans. The US dollar is not as secure as it seems, and the alliance of BRICS nations could pose a significant threat to the stability of American society. Traders should keep a close eye on any developments related to the BRICS alliance and its plans for a precious metal-pegged currency. The potential for hyperinflation and military conflict is real, and traders should take steps to protect their assets. It’s essential to stay informed and be prepared for any eventuality.
