The health crisis has forced central banks to invest billions of dollars in the economy since 2020. This interrupted flow of capital kept financial markets on life support for several months. Unfortunately, the crazy note pressure caused return of inflation.
The United States Federal Reserve expects inflation to reach 4.3% this year compared to its forecast of 2.8% in December 2021. In February, Inflation exceeded 7% in one year. This is a record since 1982. For its part, the Banque de France fears inflation in France could rise to 3.4%. The rise in prices is obviously aggravated by the war in Ukraine. According to INSEE, consumer purchasing power should therefore continue to decline in the coming months.
This famous author advises giving up the US dollar for Bitcoin
In this content, Robert Kiyosaki, a famous American entrepreneur and personal development expert encourages investors to move away from fiat currencies like the euro or dollar. According to the author of the book “Rich Dad, Poor Dad”, US dollar on the verge of collapse.
The currency will soon be dethroned by the Chinese yuan. Kiyosaki points out that Saudi Arabia is considering adopting the Chinese national currency, the yuan, for some of its oil sales. This announcement hurts US dollar dominance on international trade.
Faced with the collapse of the dollar and the inflation of fiat currencies, the author advises you to turn to the cryptocurrency sector. “The Ukraine/Russia war makes cryptocurrency a safer haven than fake government fiat.”believes Robert Kiyosaki. Cryptocurrencies have also regularly found themselves at the center of the conflict. After the collapse of the ruble, many investors turned their holdings into crypto assets to protect their savings.
“The best investment may be to store things you will always use, such as toilet paper, garbage bags, cans, frozen food, gold, bitcoins.”American entrepreneur sums up.
Robert Kiyosaki says that despite his interest in digital currencies, he is convinced. The government will do anything to confiscate individuals’ cryptocurrencies.. Yet digital assets like Bitcoin are primarily distinguished by their flexibility. Concretely, it is possible to enter cryptocurrencies as one would enter a dollar reserve.
The end of the US dollar? Saudi Arabia has agreed to sell Chinese oil and trade in Chinese Yuan instead of US dollars. US hegemony is coming to an end. USA less world power. Thank you Brandon. It is only questionable what will happen next. I will do my best to keep you informed before things happen. Be careful. Not good.
— therealkiyosaki (@theRealKiyosaki) 15 March 2022
