x
The author of the best-selling book ‘Rich Dad, Poor Dad’, Robert Kiyosaki, has spoken in favor of virtual currencies during a recent podcast. Mr. Kiyosaki described the United States Dollar (USD) as comprising a “scam” and predicted that precious metals and cryptocurrencies will outlast fiat currencies.
Robert Kiyosaki, is predicting that the mainstream financial system is heading toward a crisis of unprecedented size and scale.
Also Read: Many Swiss Bankers and Financial Regulators Quit to Join the Crypto Space
Speaking to News.com.au, Mr. Kiyosaki recently stated: THE man who wrote one of the top personal finance books of all time has warned we could be heading for the “biggest crash in world history”.
Robert Kiyosaki, author of the 1997 bestseller Rich Dad Poor Dad and “self-proclaimed troublemaker”, has a simple piece of advice to protect yourself — buy gold.
“All markets boom and bust, it’s just life,” said Kiyosaki, who will be in Australia later this month to headline the Wealth Masters Tour in Sydney, Brisbane and Melbourne.
“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. When it’s coming I don’t really know, but the foreshocks are sounding right now.”
Kiyosaki blamed the US Federal Reserve’s money printing policies, known as quantitative easing, for inflating the bubble. “In Australia they always say when America sneezes, Australia passes out,” he said.
Mr. Kiyosaki criticized fiat money, stating: “There’s so much fake money. In 1971 Nixon took the dollar off the gold standard and the US dollar became fake money.”
Mr. Kiyosaki added that “The problem is it also became invisible, so they could print as much as they wanted. That’s why savers got wiped out.”
“For the average person,” Mr. Kikyosaki asserts, the easiest way to hedge against the oncoming crisis is to “just buy some Aussie gold or silver coins from the Perth Mint. When the dollar goes down, gold goes up.”
In an interview with Sane Crypto Podcast, ( Good listen, btw funny but true!) Mr. Kiyosaki recently praised cryptocurrencies, expressing his expectation that virtual currencies will supersede fiat currencies within the near future.
During the podcast, Mr. Kiyosaki describes three forms of money: “government money […] which is fiat currency,” “God’s money, which is gold and silver, [which] will be here after the cockroaches go extinct,” and people’s money, which is [virtual] currency.”
“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,” Mr. Kiyosaki stated, adding, “I think we’re watching the end of the dollar.”
This is the best explanation I've see to date about Bitcoin/Crypto, Blockchain, World Economy - past, present and future.
BITCOIN BEYOND THE BUBBLE
A documentary about the Blockchain and Bitcoin. Cryptocurrency and its importance for the world economy and the third world. The future of money. Blockchain and its endless possibilities. Clcik on the image to watch...
I am a Cryptocurrency Enthusiast. I consider my WORK as FUN! For 6 years Ive been 'Funning' online, always learning. I love Change Progress & very much enjoying Crypto/Bitcoin Trading. I'm a strong advocate for Progress and live for Change, {as long as it's positive ;)} I see the bigger picture and my glass is always half full. I'm altruistic at heart and want to help people succeed and prosper. My motto is Be Green & Growing...not Ripe and Rotting. Have a great day!
Resources
Bitcoin.com
