Robert Kiyosaki: Dollar Is Fake, Crypto Will Overthrow Fiat

August 10, 2018

One of the authors of the bestseller Rich Dad Poor Dad Robert Kiyosaki says that gold, silver, and cryptocurrencies could save the world from the forthcoming financial collapse caused by the imminent fall of the U.S dollar. 

Dozens years ago, one dollar was redeemable for 1.5 grams of gold, but then President of the United States Richard Nixon unpegged the currency from gold, making in unbacked. Kiyosaki says that at this point the dollar became a fake. 

The famous businessman openly expressed his disdain for the measures to help USD conducted by the Federal Reserve System of the United States. According to the writer, the agency managed to inflate a bubble of unimaginable proportions, which would become the main cause of the upcoming financial collapse soon.

He told news.com.au:

"I’ve always been a gold bug. My latest book coming out is called Fake. There’s so much fake money. In 1971 Nixon took the dollar off the gold standard and the US dollar became fake money."

At the same tame Kiyosaki believes in crypto. In April this year he said that cryptocurrency is a great idea, that will definitely outlast fiat money. It should be noted, that experts of Union Bank of Switzerland calculated, that Bitcoin is going to surpass the dollar when 1 BTC will cost $213,000.

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