According to one expert, a major collapse in the US economy is beginning as the BRICS alliance furthers its de-dollarization efforts. Indeed, Robert Kiyosaki, author of the widely acclaimed book, rich dad, poor dadshared his views on the current state of the economy on X (formerly Twitter).
“The crash has begun,” Kiyosaki told his followers, adding: “It’s going to be bad.” He then provided users with tips to deal with future issues. Moreover, his view is one shared by many, as experts worry about the immediate future of the U.S. economy.
Also read: BRICS: Debt could cause further crisis, US slips into recession
Experts say US economic collapse has begun
The vulnerabilities facing the U.S. economy cannot be underestimated. The Federal Reserve is taking a wait-and-see approach to lowering interest rates. Potential action to rein in the two-year tightening campaign has since been further postponed, much to the concern of many.
Moreover, the growing US debt crisis is unstoppable. Many experts have expressed concern that this problem could develop into something far more catastrophic than the current inflationary pressures.
According to one expert, the US economy is experiencing a major crash while the BRICS are currently taking action to reduce the dollar in the global financial sector. Indeed, Robert Kiyosaki has expressed his belief that America’s “collapse has begun.”
Also read: BRICS makes big announcement about introducing new currency
In his post, Kiyosaki further stated that the U.S. crash “would be terrible.” He then discussed how individuals can protect themselves from impending consequences.
One of the most interesting suggestions Kiyosaki offers is investing in different assets. Specifically, he urges his followers not to invest in their money, pointing out that the value of the currency will only go down. Alternatively, he urged people to buy gold, Bitcoin, and other assets that “grow in value, especially during market crashes.”
The prognosis is certainly worrying for Kiyosaki, but he is not alone. Financial experts like JPMorgan Chase CEO Jamie Dimon have issued similar warnings. Specifically, Mr. Dimon expressed concern that ever-growing U.S. debt concerns could eventually lead to an even more alarming crisis.