As nation members of BRICS continue to run hard and fast away from the once mighty U.S. dollar, big time investor Robert Kiyosaki has issued a prediction saying the United States economy is on its way to experiencing hyperinflation and could end up taking a deep plunge into another depression. Oof. I could have totally done without that today, how about you?
According to the folks at The Gateway Pundit:
As the BRICS nations move away from the U.S. dollar, renowned investor Robert Kiyosaki predicts that the United States will experience hyperinflation and plunge into a depression. He suggests that gold, Bitcoin, and tangible assets will be the only valuable investments.
Currently in South Africa a country I love. Watching and listening to rumors of what will happen when BRICS nations, Brazil, Russia, India, China, South Africa produce BRICS crypto, possibly backed by gold. If BRICS gold crypto happens trillions in fake money, fiat US dollars…
— Robert Kiyosaki (@theRealKiyosaki) May 12, 2024
Kiyosaki shared his views on gold, fiat currencies, and Bitcoin from South Africa on Sunday. He mentioned rumors about the possible creation of a BRICS crypto, potentially backed by gold, which could lead to trillions of dollars returning to the U.S., resulting in hyperinflation.
“Currently in South Africa a country I love. Watching and listening to rumors of what will happen when BRICS nations, Brazil, Russia, India, China, South Africa produce BRICS crypto, possibly backed by gold. If BRICS gold crypto happens trillions in fake money, fiat US dollars will come rushing back to home to America causing hyperinflation in America, ultimately destroying US dollar. Best Buy real gold, silver, and Bitcoin now, and protect yourself from the crash of US dollar,” Kiyosaki explained.
So what in the world can we do to try and prevent this from happening or at the very least protect ourselves from the massive fallout of such a dire outcome? Kiyosaki says folks need to start investing in gold, silver, and even Bitcoin.
DEPRESSION next? I am planning on one. Q: Do I want a DEPRESSION? A: No. Yet it is better to be preparing for the worse rather than live in Disneyland, which most people are doing. For years I could see this crisis coming… which is why I wrote Rich Dad Poor Dad, own my…
— Robert Kiyosaki (@theRealKiyosaki) May 9, 2024
Genesis Gold Group CEO, Jonathan Rose, shares Kiyosaki’s negative outlook for the future of America’s economy.
“If the BRICS threat was the only warning sign, it’s still enough to be concerned,” Rose went on to say. “Unfortunately, we’re seeing other indicators that back Robert’s assertions about precious metals and crypto.”
Before founding Genesis Gold Group, Rose worked in the crypto industry but returned to precious metals for one big reason.
“As much as I appreciate the decentralized nature of Bitcoin, I am always concerned about too much being tied into any asset that isn’t physical,” Rose further elaborated. “Between our Genesis Gold IRA that stores physical precious metals to back our clients’ retirement to having gold and silver stored in their safes through cash purchases, I’m far more comfortable with the tangible assets than I was with crypto.”
In reality, you never really know when things are going to go south economically speaking. It’s always a good idea to be prepared and that means investing in things like gold and silver that will be valuable regardless of what country you live in.
Preparation is a step a lot of folks try to ignore because, well, it’s scary thinking about all of the ways bad things can happen. It plays hard and heavy on our anxiety. I get that. I really do. But folks, stuff is getting spooky out there. Don’t be sorry. Be safe.
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