The most significant economic crash in recent time is on the horizon, and the impact will lead to the Bitcoin “People’s Money” dethrone what Robert Kiyosaki Described as a scam the “US Dollar.” The author of the world-renowned book, rich dad poor dad’s opinion is similar to that of Bill Gate, Nomi Prins, and Jim Rogers, who all foresee a future economic crash that will lead to the downfall of the dollar.
The Impending Economic Crash
According to Robert Kiyosaki the author of the “Rich Dad, Poor Dad” a book that has over 32 million copies sold, there will be an economic crash greater than those experienced in the past. The impact of the economic crash in his opinion will lead to the Bitcoin the “People’s Money” dethroning the scam, “US Dollar” as a means of storage of value. Even though the specific time it will take place is not predictable, but the market is already feeling the effects, which means it might be earlier than we think.
Speaking on the impending crash of the economy he said,
“Unfortunately we had a big crash in 2000, they called it the dotcom crash, then in 2008 it was the subprime real estate crash. The next is going to be the biggest of all.”
Kiyosaki went further to speak about the fiat currency, USD that always inflated the bubble, emphasizing that “In 1971 Nixon took the dollar off the gold standard and the US dollar became fake money. The problem is it also became invisible, so they could print as much as they wanted. That’s why savers got wiped out.” To counter this trend is to invest in gold and silver coin as it would rise when the dollar goes down.
On the issue of the future economic crash, Bill Gates, the founder of Microsoft has lent his voice to it previously in April that a similar financial crisis to that of 2008 is undoubtedly coming, even though definite time is unknown. Jim Rogers, the co-founder of the Quantum also gave credence to this, saying it will be worse. So also is the former Goldman Sachs manager, Nomi Prins, state in May that stock market is speeding towards a massive disaster.
The impending crash to the market would see the rise of Bitcoin the “People’s Money” as the US Dollar which is a scam will crash. He calls gold and silver God’s money, while crypto the people’s money and the fiat currency, government money which will give way for the emergence of the people’s money. He said,
”I think the dollar is toast because Gold and Silver and cyber currency are going to take it out … The US dollar is a scam.”
The prediction of the impending crash of the stock market will only be told at the time, as the time justifies events.