Renowned Author who wrote the inspiring financial book ‘Rich Dad Poor Dad’, Robert Kiyosaki has stated to News.com.au that cryptocurrencies will eventually replace fiat currencies. He went on to add that fiat currencies are nothing but fake money!
Kiyosaki spoke about why fiat like the Dollar is fake money.
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.
Kiyosaki warned the public about the financial crashes and the fear of the next crash being very dangerous for the world’s economy.
Kiyosaki stated:
Unfortunately we had a big crash in 2000, they called it the dot-com crash, then in 2008 it was the subprime real estate crash. The next is going to be the biggest of all.
Kiyosaki was straightforward in insulting the US dollar
I think the dollar is toast because Gold and Silver and cyber currency are going to take it out … The US dollar is a scam. […] I think we’re watching the end of the dollar. That’s what I’m saying.
Kiyosaki’s book ‘Rich Dad, Poor Dad’ sold a whopping 32 million copies which turned the book and him into a worldwide sensation. The book covered the overall needs and importance of financial literacy.
Kiyosaki spoke about hyperinflation scenarios caused by the high money printing that occurs, and that it was going to lead to a massive financial bubble.
Kiyosaki touched on America going under another financial bubble and the impact it has on the whole world by sarcastically saying, “In Australia they always say when America sneezes, Australia passes out.”
Kiyosaki is known to be a Donald Trump supporter with two books already co-authored alongside the American President. His latest book brings into limelight the problems of fiat currencies and why it is fake. It is called ‘Fake: Fake Money, Fake Teachers and Fake Assets.’
Founder of popular Indian cryptocurrency exchange, WazirX Nishal Shetty tweeted his excitement about Kiyosaki’s comments.
The Tweet read-
Robert Kiyosaki, the author or "Rich Dad Poor Dad" has called cryptocurrency the People's money. I like that term! He says there are three types of money:
God's money: Gold, Silver
Government money: Fiat
People's money: Cryptocurrency#cryptocurrency #isupportcrypto pic.twitter.com/XRj3EnQ8vf
— Nischal (WazirX) ⚡️ (@NischalShetty) August 7, 2018
A user on Twitter called ‘KoinLocker’ replied to the tweet agreeing that Kiyosaki’s vision is accurate given his knowledge in the financial sector.
His book Rich dad Poor dad is an inspiration! He made It made very clear what is an asset & a liability! So if he says its People's money there gotta be something ! ?
— Koinlocker (@_Koinlocker) August 7, 2018
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