While warning about the looming decline of the “American Empire,” helped by the world nations rejecting the United States dollar (USD) as the global reserve currency, Robert Kiyosaki has recently named another major threat to the US – stupidity.
As it happens, the famous investor and author of the best-selling personal finance book ‘Rich Dad Poor Dad’ has told podcast host John MacGregor that stupidity and (lack of) financial education in the US were the biggest threat to the country in an interview shared on October 13.
Teachers = bureaucrats?
Indeed, Kiyosaki was particularly harsh toward teachers, arguing they were only bureaucrats and, as such, lacked the competence to teach their students about finances and the economy. As he explained:
“If you trusted school teachers, you’re in trouble. (…) When you realize the school teachers are stupid – my whole family are school teachers – they’re all basically bureaucrats. Would you take financial advice from a bureaucrat?”
Moving forward, he slammed education in the US as “brainwashing,” expressing his disbelief regarding what he views as widespread stupidity and ignorance, castigating people who extol their children’s education and schools, referring to such behavior as “denial” and arguing that their “kids are being brainwashed.”
Kiyosaki’s other threats to US economy
In addition to (the lack of) financial education in the US, Kiyosaki has earlier singled out other alarming factors that could bring about the country’s economic demise, including hyperinflation, central bank digital currency (CBDC), and the government misrepresenting the facts on job growth.
To try and protect oneself against the effects of these factors, the author has suggested investing in precious metals like gold and silver, as well as alternative assets like cryptocurrencies, specifically Bitcoin (BTC), and Japan-native Wagyu beef, which he considers a better investment than stocks.
Earlier this year, he also warned that an increasing number of countries, mainly gathered around the BRICS (Brazil, Russia, India, China, South Africa) group, are refusing to submit to the “playground bully” that is the US, as well as arguing that Bitcoin could reach the price of $1 million if the economy crashed.
Watch the entire video below: