With the BRICS alliance further pursuing its de-dollarization efforts, a major crash for the US economy has begun, according to one expert. Indeed, Robert Kiyosaki, the author of the widely acclaimed book Rich Dad, Poor Dad, took to X (formerly Twitter) to share his perspective on the state of the economy.
Kiyosaki told his followers that “the crash has begun,” while further stating that “it will be a bad one.” Thereafter, he provided his user’s tips to cope with the trouble ahead. Moreover, his perspective is one that has been shared by many, as experts worry for the US economy’s immediate future.
Also Read: BRICS: US in Recession as Debt May Drive Further Crisis
Expert Says US Economy Crash Has Begun
There is no understatement of the fragility in which the US economy has found itself. The Federal Reserve has enacted a wait-and-see approach to interest rate cuts. Subsequently, its potential action to curtail a two-year tightening campaign has been further postponed, much to the concern of many.
Moreover, the growing US Debt crisis has not ceased. A plethora of experts have expressed their worry that the issue could balloon into something far more catastrophic than current inflationary pressures.
Now, amid BRICS actions to diminish the dollar in the global finance sector, a major crash for the US economy has taken place, according to one expert. Indeed, Robert Kiyosaki expressed his belief that a “crash has begun” for the United States.
Also Read: BRICS Makes Huge Announcement About Launching New Currency
In his post, Kiyosaki further noted that the United States crash “would be a bad one.” Thereafter, he discussed ways in which individuals could protect themselves from its impending effects.
One of the most interesting suggestions that Kiyosaki provides is an investment in various assets. Specifically, he urges his followers to not invest in money, noting that currencies will only go down in value. Alternatively, he urged them to purchase assets like gold, bitcoin, and other assets that go “up in value, especially in a market crash.”
The prognosis is certainly a concerning one for Kiyosaki, but he isn’t alone. Financial experts like JPMorgan Chase CEO Jamie Dimon have issued similar warnings. Specifically, Dimon expressed his worry that ever-increasing US Debt concerns would eventually bring forth a far more concerning crisis.
