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The author of the best-selling book of the book of finance "Rich Dad, Poor Dad", Robert Kiyosaki, expressed his concerns about the US dollar and the fact that there is nothing to support. It also claims that cryptocurrencies will eventually replace it.
& # 39; Fake Money & # 39;
The financial book "Rich Dad, Poor Dad" has continued to sell over 32 million copies, turning it into a multinational sensation. The book supports the overall importance of financial literacy.
Its author, Robert Kiyosaki, shared his concerns about the current state of the US economy and its currency: the dollar, which is not backed by gold since President Nixon l & # 39; he finally took the gold standard in 1971.
The author of the bestseller claims that this turned the US dollar into "counterfeit money":
I've always been a gold bug. My last outgoing book is called Fake. There are so many fake money. In 1971, Nixon removed the dollar from the gold standard and the US dollar became counterfeit money.
According to Kiyosaki, the constant press of more money is inflating a big bubble that will cause the next huge collapse of the economy.
"Unfortunately we had a big crash in 2000, the dotcom crash called it, then in 2008 it was the collapse of the subprime real estate, the next will be the biggest of all," he says.
Cryptocurrencies: The End of the Dollar
Kiyosaki's position on the US dollar is particularly final – it is about to end.
During an encryption -Tecoded podcast in April, the author continued to share his two cents on the issue of cryptocurrencies. It refers to them as the "money of the people". While not going into details to explain his exact reasoning for the sentence, he firmly believes that cryptocurrencies, gold and silver will eventually replace the existing fiat currencies:
I think the dollar is toast because gold and silver and cybernetic currency will make it … The US dollar is a scam. […] I think we are looking at the end of the dollar. This is what I am saying.
Mr. Kiyosaki may well be on the right track, as UBS recently reported that Bitcoin needs to be worth $ 213,000 to replace the US dollar.
Do you think Bitcoin and other cryptocurrencies will eventually replace the US dollar? Do not hesitate to let us know in the comments below!
Images kindly granted by Flickr; Bitcoinist Archives, amazon.ca
