BTC Wires: The U.S. dollar has received some bitter bashing yet again, and this time it’s the very popular Robert Kiyosaki that beating down the USD.
Author the of recent bestseller- ‘Rich Dad, Poor Dad’, labelled the US dollar as a sheer scam while mentioning how it shall soon lose validity and will be replace by cryptocurrencies, which he feels are the “currencies of the people”.
In a candid and unfiltered podcast with Kim Hughes on the Sane Crypto Podcast, Kiyasaki came clean with an acrid criticism for the dollar and even went on to forecasted a disappointing stock market crash in the near future. As a part of this podcast, throwing light on his new book- Fake: Fake Money, Fake Teachers, Fake Assets, Kiyosaki also emphasised on how gold and silver, and cryptocurrencies are indefinitely a better pick against the inevitable market crash. To quote the author:
“The US Dollar is a scam…I think the dollar is toast because gold and silver and cybercurrency are going to take it out…The US Dollar is gone…In the year 2000 there was one currency, the US Dollar. It was called the reserve currency of the world…and then came bitcoin or cybercurrency. In my new book… I talk about the three types of money today: God’s money, which is gold and silver, government’s money which is fiat currency, which is done by government decree which is the dollar… Then there’s the people’s money, which is cybercurrency on the blockchain technology. Gold is a hedge and I am expecting a collapse on the system…[and] which is why you are into cybercurrencies now… bitcoin and ethereum.”
Kiyosaki further commented on a set of more conventional financial options, and also passed a judgement on fiat currencies savers as ‘losers’. He also summoned the return to action of the gold standard to dollar, that was banished in 1971 by the then President, Richard Nixon.
Having made predictions in an interview about the biggest market crash already, one that will be far worse than the market crashes of 2000 and 2008, Kiyosaki has familiarised the masses about the grave possibility of such a calamity. In fact, Kiyosaki is not the only dignitary to have looked down upon the USD. Several big names, like that of Steve Wozniak, have also ousted the dollar as “kind of phone”, in the past. It now remains for the world to see just how precise the predictions of these great luminaries truly are.