U.Today – Robert Kiyosaki's Perspective on the U.S. Dollar

Robert Kiyosaki, investor and author of "Rich Dad Poor Dad," recently addressed his X followers about the devaluation of the U.S. dollar.

Exposing "Fake" U.S. Dollar

Kiyosaki highlighted that the U.S. dollar has changed since 1971 when President Nixon ended its gold backing. He described the dollar as being propped up by U.S. Treasuries and bonds, thus labeling it "fake."

He referenced his book to support his arguments about past asset reliability in the U.S. economy. Kiyosaki's key assertions include that wealthy individuals do not save "fake U.S. dollars" and that "your house is not an asset." He emphasized that "savers are losers" due to the dollar's devaluation and the risks associated with real estate, which can decrease in value.

Kiyosaki stressed the importance of financial education to navigate economic uncertainties.

"I Will Be Buying All the Bitcoin I Can"

Over the weekend, Kiyosaki tweeted about the 2008 financial crisis, criticizing the Fed and Treasury for printing unbacked dollars to prevent a depression. While he acknowledges that even stable assets like gold, silver, and Bitcoin can fluctuate in value, he remains committed to purchasing Bitcoin and other assets at low prices.

>This article was originally published on U.Today.