Renowned author and entrepreneur Robert Kiyosaki has a dire warning for Americans: don’t fall for the paper dollar trap. Since the U.S. abandoned the gold standard in 1971, Kiyosaki argues that the dollar has become debt, yet people continue to work, save, and invest in it, a practice he finds nonsensical.
Kiyosaki practices what he preaches, preferring to save silver and gold instead of paper money. He also advocates for using debt as an investment tool, emphasizing the importance of financial education. He cites the book “The ABCs of Real Estate Investing” by Ken McElroy as a valuable resource for those interested in real estate investment.
In addition to discussing financial strategies, Kiyosaki dives into the importance of self-custody and decentralization. They highlight the value of assets like gold, silver, and cryptocurrencies, particularly Bitcoin, which operates off the grid and relies on blockchain technology for its integrity.
Kiyosaki predicts the impending demise of the U.S. dollar as emerging economies like the BRICS nations, including Saudi Arabia, seek alternatives. He believes the world’s rejection of the dollar will lead to hyperinflation, partially driven by the current administration’s policies and decisions.
Kiyosaki also touches on geopolitical factors, noting the shift in alliances based on race, money, and religion. He advises caution in the face of rumors about potential bank bail-ins, emphasizing the need to diversify assets and store wealth in secure locations like Switzerland.
Watch the full September 26 episode of “Decentralize.TV” with Mike Adams and Todd Pitner featuring Robert Kiyosaki.
