The dollar has responded favorably to the Federal Reserve boosting interest rates to historical levels, outperforming other global fiat currencies. Notably, one currency that is struggling versus the dollar is the British pound.
The well-known author of “Rich Dad, Poor Dad” asserts that he thinks the value of the US dollar would wane over time. Robert already forewarned of significant trouble in the near future on a YouTube channel. He used America as an example, which had tax-free status up until 1913. He highlighted that taxes are necessary for money to exist.
According to a London-based economist, the government has invested about $17 trillion in the pandemic, including loans and guarantees, or roughly 16% of the GDP. There is sufficient justification to buy gold and silver given that the government must continue to print money in order to prevent the collapse of the economy.
Robert labels the government as socialist but not capitalist since he thinks that because of England’s massive debt, which requires the government to simply print a lot of money in order to pay it off, the people of England are in major financial trouble.
On October 1, Kiyosaki stated that there is a chance that the dollar will crash in the first half of 2023, but that silver might be a good alternative asset to protect against such a crash.
US currency to collapse by 2023, says Robert
Will the American dollar adopt the British pound sterling? It will, I think. After the Fed changes course, I think the US currency will collapse by January 2023. I purchased many more U.S. silver Buffalo rounds in order to profit from the collapse of the US dollar. Silver is affordable, said Kiyosaki.
The United States and England may have a historical bond that could affect the financial markets, according to a prior tweet by Kiyosaki.
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Source: https://coinpedia.org/opinion/the-u-s-dollar-could-collapse-in-next-4-months-heres-how-you-can-protect-your-finances/