Robert Kiyosaki Issues Another Major Warning on the U.S. Dollar Instability

Robert Kiyosaki recently expressed concerns about the U.S. dollar's stability, attributing its current state to decisions made decades ago.

He specifically pointed to President Nixon’s 1971 decision to end the dollar’s gold backing as a key factor.

Kiyosaki argues that since the U.S. dollar was decoupled from gold, it has relied on government bonds and treasuries, which he views as “fake money.” He believes this shift has had significant long-term impacts on the economy. Before 1971, the dollar’s value was tied to gold, providing a stable benchmark, but Nixon’s move transformed it into a fiat currency, leaving its value dependent on market sentiment and government debt.

Kiyosaki has criticized this change, stating that it further eroded the dollar’s value and increased reliance on government-issued debt. He considers this a pivotal moment, noting that the Federal Reserve’s money printing to manage debt has further diminished the dollar’s purchasing power, leading to inflation and rising costs for goods and services.

He also argues that traditional savings are becoming riskier due to inflation, as the increasing prices reduce the dollar’s purchasing power over time. Kiyosaki suggests that conventional savings accounts are no longer effective for preserving wealth in this economic environment.

To combat this, he advises investors to explore alternative assets like gold, silver, and Bitcoin, which he believes are more resilient against inflation. He noted that gold’s recent record highs demonstrate its ability to maintain value during economic uncertainty, while cryptocurrencies like Bitcoin are also considered protective against inflation. Kiyosaki recommends diversifying investments across precious metals and digital assets to safeguard against economic instability.