Robert Kiyosaki, co-founder of the Rich Dad Company, recently appeared on Fox Business to discuss the future of the U.S. dollar and the rising importance of alternative investments like Bitcoin and gold.
He’s long been an advocate for investing in tangible assets, and his, some would say controversial, recent comments reflect his increasing skepticism about the sustainability of the current financial system.
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When asked about the stock market, Kiyosaki expressed his worries, pointing out that it is heavily dependent on debt and wondering how long this dependence can last. This reliance on debt makes him uneasy and supports his preference for solid investments like gold and silver.
A big part of Kiyosaki’s warning revolves around the actions of major global economies like China and Japan. He pointed out that these countries are “dumping bonds and stacking gold.” This trend, he believes, signals a decline in confidence in the U.S. dollar, suggesting that this shift could indicate the end of the dollar’s dominance in global finance. “I hate to think about it,” he says.
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Kiyosaki did not hold back his criticism of current economic policies under President Biden and Vice President Harris, blaming them for significant economic damage. He contrasted this with former President Donald Trump, whom he considers more knowledgeable about money. He called him “a genius with money” and said, “Biden and Kamala are idiots with money.”
Kiyosaki’s main concern is the national debt, which he believes cannot be solved under the current system. Hence, he advocates for sound money, such as gold, silver, and now Bitcoin. “If you want to fix the world, fix our money,” he declared.
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Kiyosaki sees Bitcoin as a “whole new asset class.” Despite being volatile, he believes it has a lot of potential, especially when compared to traditional fiat currencies. He also mentioned his experience with Bitcoin, having started buying it at $6,000, which has turned out to be profitable for him. Still, he says, “I wish I had bought it earlier.”
Many people will find Kiyosaki’s opinions on the dollar, Bitcoin, and Trump controversial. He criticizes Biden and Harris while praising Trump, but some experts believe Biden and Harris are taking necessary steps to help the economy.
Many economists and investment companies like Vanguard also believe the U.S. dollar is still a stable currency and that current economic policies are needed for recovery. Others say Bitcoin is unpredictable and risky, while traditional investments like stocks and bonds are still good for the long term.
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This article Robert Kiyosaki Believes The Dollar's Days Are Numbered. China And Japan Are Trading Bonds For Gold, He Warns originally appeared on Benzinga.com
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