Upcoming BRICS Summit to Pave the Way for ‘De-Dollarization,’ Says Robert Kiyosaki

As the global economy continues to evolve, renowned author of “Rich Dad Poor Dad” and investment expert Robert Kiyosaki has made a bold prediction that the world is on the cusp of a significant financial transformation. Kiyosaki believes that the global “de-dollarization” movement is set to begin earnestly, leading to a potential shift in the balance of power among nations. His forecast revolves around the upcoming BRICS summit, scheduled to take place in less than a month.

The BRICS (Brazil, Russia, India, China, and South Africa) have been garnering increasing attention on the international stage due to their rapid economic growth and emerging influence. According to Kiyosaki, the next summit of these nations will serve as a catalyst for the “de-dollarization” movement, signaling a major challenge to the long-standing dominance of the US dollar as the world’s primary reserve currency.

In a tweet dated August 22, 2023, Kiyosaki stated that approximately 41 nations, possibly including France, will converge in South Africa to collectively pursue the goal of “de-dollarizing” the world. The central proposal is for the BRICS countries to introduce their own gold-backed currency called the ‘brick’, with 1 brick valued at 1 ounce of gold, equivalent to $3,000. Kiyosaki believes that this move will ultimately result in the reduction of US influence in the global economy, leading to a significant reordering of the financial landscape.

Kiyosaki’s forecast builds upon his previous prediction made in April, where he envisaged the eventual loss of the US dollar’s position as the dominant reserve currency. He pointed to the growing economic strength of the BRICS nations, emphasizing that the excessive supply of US dollars has diminished its value, deeming it “fake money”. The consequences of an overreliance on the Federal Reserve’s money-printing measures, according to Kiyosaki, will eventually erode trust in the US dollar, leading to its downfall.

While his predictions are certainly bold, they have prompted intense discussions among economists and financial experts. The potential implications of a significant shift away from the US dollar as the world’s reserve currency are vast and complex. If Kiyosaki’s forecast proves accurate, it could result in major changes in international trade dynamics, interest rates, and the overall stability of the global economy.

Moreover, Kiyosaki’s belief in the rise of bitcoin and precious metals aligns with the growing interest in alternative investments amid the uncertainties surrounding traditional fiat currencies. Bitcoin, as a decentralized digital currency, and precious metals like gold have historically been perceived as safe-haven assets during times of economic turbulence.

As the date of the BRICS summit approaches, financial markets around the world will be closely monitoring the proceedings and scrutinizing any announcements made regarding the “brick” currency proposal. The potential ramifications of such a move by influential economies could be far-reaching and transformative.

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