Middle Class To Be Crushed As BRICS Nations Move Away From US Dollar, Says Bitcoin Bull Robert Kiyosaki
Rich Dad Poor Dad author Robert Kiyosaki thinks US President Joe Biden is “crushing the middle class” as US political and macroeconomic policies drive de-dollarization around the world.
Kiyosaki says in a new interview with London Real that Saudia Arabia is joining the BRICS group of nations due to Biden’s decision to pull US troops out of Afghanistan in 2021.
BRICS is an economic alliance that stands for the countries of Brazil, Russia, India, China and South Africa.
Kiyosaki predicts that 70% of the world’s population will eventually be using a gold-backed Chinese yuan as their main currency via the BRICS alliance, which he thinks will make the US dollar “toast.”
Last month, the author predicted that the US is headed for an economic recession and argued that investors should be allocating to Bitcoin (BTC), gold and silver.
Kiyosaki’s career has not been without controversy. In 2012, the Florida attorney general accused his paid seminar company of deceptive trade practices. The company did not admit liability but reportedly paid the attorney general $500,000, as well as nearly $200,000 in restitution to people who went to the seminars.
That same year, the author also filed for bankruptcy through one of his companies called Rich Global LLC.
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