He said that since the dollar was taken off the gold standard in line with President Richard Nixon's series of economic measures undertaken in response to increasing inflation in 1971, the U.S. dollar became debt. "Yet people are so indoctrinated into working for this (dollar), and saving this and investing this for more paper. That makes no sense to me," the author of the no. 1 financial awareness book "Rich Dad, Poor Dad" told hosts Mike Adams and Todd Pitner during his September 26 appearance on "Decentralize.TV."
Here is what he does, he said: "Number one, I don't save money, I save silver and gold. I also use debt to invest." He further recommended that the public study because when any "freaking idiot" can buy an Apple share, he just calls his stockbroker up and says, "I'll give you $100, you get that share of Apple." But he warned that once something "bad happens," the money can be liquefied that fast. "But if you buy a piece of real estate for $100,000 and you make a mistake, you're not going to write that baby down."
He cited his friend Ken McElroy's book "The ABCs of Real Estate Investing: The Secrets of Finding Hidden Profits Most Investors Miss," which provided an advanced guide to real estate. "Let's say I buy a property for a million dollars and I borrow out the $2 million. The property now is 100 percent debt and the company is still throwing cash flow," he said pointing out that when one has cash flow from nothing, the return is infinite. "You made money out of nothing? Yeah, that's what financial education is," he added.
Segueing to self-custody and decentralization, Adams raised the value of gold, silver, and cryptocurrency. "Crypto is an honest ledger, right? No one can artificially inflate the supply of Bitcoin, gold and silver in inherent intrinsic value that outlast the fall of civilization throughout history. And also, you can't just create gold out of thin air, it takes a lot of effort and energy to get it," the Health Ranger stated.
Kiyosaki agreed saying, that crypto – Bitcoin especially – is off the grid and that is why he likes it. "But it's blockchain technology, which has integrity. Meanwhile, the U.S. Treasury and President Joe Biden have no integrity," the renowned author said. "So I want something you cannot print. And that's why I like gold, silver, and Bitcoin."
The founder of Rich Global LLC and Rich Dad Company, a private financial education company, further backed it up with the impending death of the U.S. dollar as the BRICS (Brazil, Russia, India, China, South Africa) nations have been expanding with the joining of Saudi Arabia and 41 other countries also expressed their intent to be part of the emerging economies. (Related: Robert Kiyosaki warns of impending DOLLAR DEMISE amid BRICS group's gold-backed crypto plan.)
"With this, the world doesn't have to use the dollars," he said looking back in 1944 when USD became the reserve currency of the world. "It was as good as gold then because the U.S. had won World War II and all central banks had to store this in their vaults, like quadrillion dollars sitting in vaults of the Bank of Japan, Bank of Mexico, Bank of England, etc." So, when the BRICS coin comes in perhaps quadrillions of dollars flood back to the United States, because it's no longer money, it is going to cause hyperinflation.
How the United States lost powerful nation's support such as Saudi Arabia
Kiyosaki, meanwhile, said that it is not just Biden's strong push for the stupid green agenda that alienated Saudi Arabia from the United States. He said that another straw was when the current administration pulled out of Afghanistan. Also, the Bank of International Settlements made gold a tier-one asset. He said: "Up until that time, the USD was a petrodollar. When Biden pulled us out of Afghanistan, the dollar became worthless, it wasn't worth oil anymore. So, Saudi Arabia says, 'Why are we backing the United States?'"
Kiyosaki further expressed his observation, after providing a disclaimer that he was not a racist or xenophobic. "If you notice most of the countries that are hanging together are Christian – Canada, America, England, Australia, New Zealand – but Saudi Arabia, Iran, and Iraq, they're Muslim, while Korea and all the other Buddhists are together. So not only is it race and money, it is by different religions as well. And I think this is going to be the biggest change in overall history."
The finance expert also warned people of the rumor that there can be a bail-in, which for him is another level of insanity. "But I would take my money out of the bank. I won't tell anybody where I keep it. I bought a safe someplace. I store my gold and silver in Switzerland because I don't trust my government," he revealed.
Adams concurred and added that the future for the American people is going to surprise them because they will find themselves living in deep impoverishment virtually overnight. "Even if they have dollars in the bank, or they think they have a pension or they think they have Social Security. Yeah, you may still get the check, but it's not going to be able to buy much of anything," the Brighteon and Natural News founder said.
Check out DollarDemise.com for more news about the imminent collapse of the U.S. dollar.
Watch the full September 26 episode of "Decentralize.TV" with Mike Adams and Todd Pitner featuring Robert Kiyosaki below.
This video is from the Health Ranger Report channel on Brighteon.com.
Sources for this article include:
Please contact us for more information.
