"Rich Dad Poor Dad" author Robert Kiyosaki is concerned with the U.S. financial system today. The popular Japanese-American businessman/writer shared his concerns during an interview with Rob Moore; a British investor and best-selling author.
For those who don't know Robert Kiyosaki, he is the author of many books about finances and financial health. Aside from "Rich Dad Poor Dad," he also wrote "Cashflow Quadrant," "Rich Dad Poor Dad for Teens," "Why the Rich are Getting Richer," etc.
Traders work in the S&P options pit at the Cboe Global Markets exchange as the Federal Reserve announced it was raising interest rates on September 21, 2022, in Chicago, Illinois. The Fed today announced a third-straight three-quarter-point rate hike in an attempt to reign in inflation.
All his financial books are still relevant even today. This is why when he shares something about the U.S. economy, especially predictions, his statements become a big deal for Americans.
Robert Kiyosaki Expresses Concerns About US Financial System
On Nov. 26, Rob Moore posted his interview video with the well-known Japanese-American businessman Robert Kiyosaki. In their discussions, the financial author expressed his concerns and predictions about the U.S. financial system.
According to Yahoo Finance's latest report, Moore asked Kiyosaki if he thinks that the money system in the United States is rigged. The "Rich Dad Poor Dad" author jokingly asked if the interviewer wanted him to get in trouble.
After that, he elaborated his statements to express his concerns.
"We're at the end of an empire right now. It is the end; it's the end of this, and all empires always come to an end," said Robert Kiyosaki.
After this simple, yet meaningful statement, the Japanese-American businessman mentioned the Roman, Greek, and other empires that flourished and fell.
He compared that the "American Empire" could also face the same fate that other large empires faced, suggesting that the current period of the U.S. financial system is fraught with danger.
Aside from this, he also talked about the shift in 1964 when American coins changed composition, which indicated a deviation from backed currency to fiat currency. Robert Kiyosaki also correlated this deviation with the downfall of previous empires.
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What Robert Kiyosaki Suggests to Americans
Packs of freshly printed 20 USD notes are processed for bundling and packaging at the US Treasury's Bureau of Engraving and Printing in Washington, DC July 20, 2018. - The dollar slid against the euro and pound on Friday, July 20, 2018, as US President Donald Trump adopted an aggressive posture on trade and foreign exchange.
Robert Kiyosaki said that Americans should have enough financial literacy and preparedness. He urged viewers to consider the ramifications of the points he mentioned.
The financial expert explained what the Americans are witnessing in the U.S. financial system could be the end of an empire. He said that this would happen if they didn't address the major issues.
These financial system problems include the role of debt in creating wealth, which many American investors don't completely understand yet.
Although he didn't specifically mention a "doomsday," Robert Kiyosaki said that having financial knowledge and flexibility during times of uncertainty is a must for Americans.
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