Less than a month remains before the next BRICS (Brazil, Russia, India, China, and South Africa) meeting, and already there are rumours that it may include other countries eager to join the alliance; Robert Kiyosaki predicts that this would lead to the “de-dollarization” of the globe.
On July 26, the famous investor and author of the most popular personal finance book “Rich Dad Poor Dad” tweeted that at the gathering on August 23 in Johannesburg, South Africa, “approximately 41 nations, possibly including France,” would “gang up” to “de Dollarize” the world.
The end of U.S. economic dominance would be signalled, according to Kiyosaki, if the BRICS nations adopted the plan for a new trade currency backed by gold and launched their own ‘bric’ money, which would be equivalent to one ounce of gold or $3,000.
If the US dollar loses its status as the global reserve currency and money starts flowing back to the United States, the author predicted in April, the BRICS and other countries would stop accepting and start ganging up against the “big playground bully” that is the US, which could result in hyperinflation, dictatorship, and mass murder.
In early July, Finbold stated on Kiyosaki’s prediction that the BRICS heads of state would “announce gold-backed crypto” at the August summit, which would contribute to the death of the US currency as “trillions of US $ rush home” and bring “inflation through the roof,” while also encouraging his followers to buy assets like Bitcoin (BTC), which he predicted could reach the price of $120,000 in 2024.
Recently, the financial educator reaffirmed his gloomy forecasts for the future of fiat currency following the summit, saying that it would “put (the) nail in (the) coffin of fiat money,” and instead advising investors to put their money into gold, silver, and the flagship asset of decentralized finance (DeFi), Bitcoin.
Also Read: A Global Expert Weighs in on the Ripple-SEC Decision, Calling It “A Big Victory for XRP”
