We’re on the brink – hyperinflation is coming soon and it risks dollar heg
Wade 6/13 [Jacob, has written professionally for The Balance, The Spruce, LendingTree, Hedge With Crypto, Investopedia, Money Under 30, and other widely-followed sites; 6-13-2023, "Robert Kiyosaki Is Worried About Hyperinflation, but What Is It and Should You Worry?", https://financebuzz.com/robert-kiyosaki-hyperinflation, accessed 7-7-2023 \\pa-zyg]]
Robert Kiyosaki, the best-selling author of the 1997 book "Rich Dad, Poor Dad," sounded the alarm about hyperinflation on a recent podcast with guest Andy Schectman. He stated the U.S. dollar would be devalued to the point it would no longer be the world reserve currency. “So, there’s gonna be quadrillions of dollars coming back, and the ramifications of that are possibly … hyperinflation,” he stated, “And this thing [U.S. dollar] goes to trash. This becomes toilet paper. This little dollar here. Because there’s so much of it out there.” Of course, Kiyosaki is no stranger to doom and gloom predictions. While he did release a popular book 25 years ago, he has since adopted a very negative view of the American economy and continues to predict its downfall. And while the economy is in a challenging position with high interest rates and inflation, like most Kiyosaki predictions, they have not come to fruition.