Robert Kiyosaki Predicts Great Depression After More Countries Ditch The US Dollar

World-renowned investor Robert Kiyosaki has a dire prediction for the United States as the nations participating in BRICS continue on the path to ditching the dollar, saying he believes our country is headed toward hyperinflation which will then send the nation spiraling down into a depression. Kiyosaki then went on to suggest that when and if such a situation unfolds, the only true, valuable investments will be gold, Bitcoin, and other kinds of tangible assets.

Currently in South Africa a country I love. Watching and listening to rumors of what will happen when BRICS nations, Brazil, Russia, India, China, South Africa produce BRICS crypto, possibly backed by gold. If BRICS gold crypto happens trillions in fake money, fiat US dollars…

— Robert Kiyosaki (@theRealKiyosaki) May 12, 2024

Last Sunday, Kiyosaki took to social media platform X where he took an opportunity to express his thoughts on gold, fiat money, and Bitcoin while in South Africa. He then went on to discuss some chit-chat that has been floating about concerning BRICS developing its own cryptocurrency, which could possibly be backed up by gold. If the rumors are true, the economist said it would result in a flood of trillions of dollars back into the U.S., and thus causing hyperinflation.

“Currently in South Africa a country I love. Watching and listening to rumors of what will happen when BRICS nations, Brazil, Russia, India, China, South Africa produce BRICS crypto, possibly backed by gold. If BRICS gold crypto happens trillions in fake money, fiat US dollars will come rushing back to home to America causing hyperinflation in America, ultimately destroying US dollar. Best Buy real gold, silver, and Bitcoin now, and protect yourself from the crash of US dollar,” Kiyosaki said.

In order for the country to protect itself from the collapse of the dollar, Kiyosaki recommended that folks buy gold, silver, and Bitcoin. In another social media post dated May 9, he not only predicted a recession, but an actual, honest-to-goodness, full-blown depression.

DEPRESSION next? I am planning on one. Q: Do I want a DEPRESSION? A: No. Yet it is better to be preparing for the worse rather than live in Disneyland, which most people are doing. For years I could see this crisis coming… which is why I wrote Rich Dad Poor Dad, own my…

— Robert Kiyosaki (@theRealKiyosaki) May 9, 2024

CEO of Genesis Gold Group, Jonathan Rose, repeated the warning from Kiyosaki.

“If the BRICS threat was the only warning sign, it’s still enough to be concerned,” Rose commented. “Unfortunately, we’re seeing other indicators that back Robert’s assertions about precious metals and crypto.”

Rose worked in the crypto industry before going on to establish the Genesis Gold Group, deciding to leave crypto behind and make a return to gold, a choice he made for one simple reason.

“As much as I appreciate the decentralized nature of Bitcoin, I am always concerned about too much being tied into any asset that isn’t physical,” he explained, according to The Gateway Pundit. “Between our Genesis Gold IRA that stores physical precious metals to back our clients’ retirement to having gold and silver stored in their safes through cash purchases, I’m far more comfortable with the tangible assets than I was with crypto.”

The idea that our nation could be headed for a depression is quite frightening, which is why it is so critical for folks to take the time to do research and prepare by making investments like those recommended by Kiyosaki. Is it possible we could avoid nightmare scenarios like those predicted? Yes. But with the unpredictability of life, it’s far better to prepare for the worst and pray for the best.