‘a Giant Crash Is Coming

What’s Richest Dad says is coming ‘giant crash’ for fiat currency

In line with the tweets he has been posting since early 2020, Robert Kiyosaki wrote that he believes a “giant crash” is coming, and fiat currency (fake USD as he calls it) is about to die. “The end of fiat (fake) money is near,” he wrote. The reason for that, according to the “Rich Dad Poor Dad” author, is the upcoming BRICS conference that will take place in South Africa for two days starting from Aug. 22. BRICS consists of Brazil, Russia, India, China and South Africa, and recently, it has been reported that they are eyeing the creation and launch of their own currency for trading backed by gold in order to reduce dependency on USD-dollar hegemony.

Kiyosaki sees this as a serious threat to the USD as the U.S. dollar is backed by nothing since 1971, when the country decided to get off the gold standard. A more detailed plan for the gold-backed currency may be announced during the approaching BRICS summit. For this reason, Kiyosaki is sounding the alarm, saying that USD is certainly going to die this time and urging his followers to get into gold, silver and the leading cryptocurrency Bitcoin ASAP.

Gold, Silver and Bitcoin could be in line for $500,000: Kiyosaki

The “Rich Dad Poor Dad” author Kiyosaki also tweeted about the BRICS countries announcing their plans to develop a gold-backed currency. He wrote that trillions of USD will become of no use and will “rush home,” reducing the price of the USD itself. Inflation will go “through the roof,” Kiyosaki added, recommending that people immediately start buying gold, silver and BTC. He then predicted that Bitcoin might surge to the $120,000 level in 2024 at some point. Earlier this year, Kiyosaki made a prediction that by 2025, BTC would surge to hit a staggering $500,000 due to the fact that the United States has been printing trillions of dollars out of thin air.