The future doesn’t look too bright for the Americans, according to the latest reports. Check out the new statements made by Robert Kiyosaki below.
New reports about America are out
According to Kiyosaki, BRICS – which is made up of Brazil, Russia, India, China and South Africa – poses a major threat to the stability of American society. This is reportedly happening as the alliance of nations could trigger hyperinflation by sending their massive dollar reserves back to the United States.
BRICS is reportedly in the early stages of developing a precious metal-pegged currency that does not utilize US dollars.
“Triffin’s dilemma meant that the US had to supply dollars to every central bank throughout the world. So we had to print probably quadrillions of dollars. And what happens is when the playground bully, the US, and the BRICS nations gang up against the bully, they say, ‘Take your dollars back.’
And when those dollars come roaring back into America, we have a thing called hyperinflation. And every time there’s hyperinflation, guess what happens? Dictators arise.”
Future of US dollar addressed
The future of the US dollar and the American empire itself is now firmly in doubt, according to a financial analyst and former Goldman Sachs executive.
Charles Nenner, who worked as head of market timing at Goldman for more than 10 years, says he’s reversing his long-held belief that the dollar will remain strong.
In a new interview with USAWatchdog, Nenner stated the fact that the group of economically-aligned nations known collectively as BRICS is a much bigger threat to USD than people realize.
“We have known each other for many years, and I said the dollar is going to hold up. But not anymore, not anymore. It is really in trouble. There is actually no reason to be in the dollar.”
Nenner continued and said:
“They especially underestimate this BRICS [Brazil, Russia, India, China and South Africa] situation, and all the countries will be forming an anti-dollar… Saudi Arabia is coming onboard, and that means the end of the dollar as the reserve currency.”