The Dollar is Crumbling: America’s Biggest Crash Has Begun, Warns Kiyosaki

Amid the BRICS efforts to lessen international reliance on the Western currency, one finance expert has warned that the great US market crash has already begun, and the dollar is in trouble. Indeed, Rich Dad, Poor Dad author Robert Kiyosaki has discussed the concerning reality for the incoming US economy.

The last several years have been tough on global finance. Specifically, America has been stuck in a state of fragility. With BRICS opposition growing by the month, and federal debt concerns raging, it may be only a matter of time until those issues come to a head. According to Kiyosaki, that bill is already past due.

Finance Expert Says US Market Crash Has Started as Dollar Could Crumble

The last two years have been vital for the BRICS bloc. Not only has it continued to embrace its global economic standing, but it has nearly doubled its member count in the last year. In 2023, it added the United Arab Emirates (UAE), Iran, Egypt, and Ethiopia to its ranks. Those promising economies are set to continue growing the collective.

Since 2022, the group has embraced de-dollarization efforts. Driven by currency weaponization that took place in the form of Russian sanctions, the bloc has sought to become more independent in its finances. That fact has only hindered the US dollar. The Atlantic Council’s Dollar Dominance Meter notes the share of global reserves held in the greenback has fallen 14% since 2001.

Amid that BRICS activity, finance expert Robert Kiyosaki has noted that the greatest US crash in history has already begun, and it could be bad for the dollar. Speaking to ITM Tading’s Daniele Cambone earlier this month, he talked through America’s concerning state.

“The biggest markets in the world are the bond markets,” Kiyosaki said. “and you ask any financial planner, ‘Should I buy?’ [They’ll say] ‘yes, they’re safe’ and the whole thing is coming down,” he added.

When asked when the collapse could happen, the businessman gave a worrisome answer. “It’s happening. The crash has already started,” he noted. Moreover, he noted that Credit Suisse’s recent collapse is indicative of that. Noting it was once the “so-called safest bank,” on the planet.

This has led Kiyosaki to be a stark endorser of Bitcoin, gold, and silver. He calls the asset “real money,” as opposed to the US dollar. Altogether, it reinforces concern that the fall of these markets could have horrible effects on the greenback. Therefore, threatening the global finance system.

This article originally appeared on Watcher Guru.