With less than one month left until the next summit of the BRICS (Brazil, Russia, India, China, and South Africa) nations, rumors have started it would include additional countries seeking to join the alliance, and Robert Kiyosaki believes this will lead to the “de-dollarization” of the world.
As it happens, the renowned investor and author of the best-selling personal finance book ‘Rich Dad Poor Dad,’ has said that “approximately 41 nations, possibly even France” would “gang up” in the August 23 meeting in Johannesburg, South Africa “to ‘de Dollarize’ the world, according to the tweet he posted on July 26.
Furthermore, Kiyosaki believes that the BRICS countries would adopt the proposal for a new trading currency backed by gold and launch their own ‘bric’ money, which would equal one ounce of gold or $3,000, and which would signal the end of the United States domination in the global economy.
Kiyosaki’s grim predictions
As a reminder, back in April, the author warned that the BRICS and other countries would stop tolerating and start ganging up against the “big playground bully” that is the US and that this could lead to hyperinflation, dictatorship, and mass murder as the US dollar loses its position as the global reserve currency and floods back to America.
In early July, Finbold reported on Kiyosaki predicting that the BRICS heads of state would “announce gold-backed crypto” at the August summit, which he believes would lead to the US currency dying as “trillions of US $ rush home” and bring “inflation through the roof,” while advising his followers to buy assets like Bitcoin (BTC), which he said could reach the price of $120,000 in 2024.
More recently, the finance educator reiterated his bleak predictions about the future of fiat currency after the summit, which he believes will “put (the) nail in (the) coffin of fiat money,” again recommending investing in gold, silver, and the flagship decentralized finance (DeFi) asset, Bitcoin.
Featured image via djvlad YouTube
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