Rich Dad Poor Dad author Robert Kiyosaki has reiterated his warning about the impending demise of the U.S. dollar as the BRICS summit approaches. The famous author anticipates the launch of a new currency by the economic bloc and the de-dollarization efforts of around 41 nations seeking to join the BRICS group.
Robert Kiyosaki on BRICS Currency, De-Dollarization, and End of US Dollar
The author of Rich Dad Poor Dad, Robert Kiyosaki, has reiterated his warning about the end of the U.S. dollar. Rich Dad Poor Dad is a 1997 book co-authored by Kiyosaki and Sharon Lechter. It has been on the New York Times Best Seller List for over six years. More than 32 million copies of the book have been sold in over 51 languages across more than 109 countries.
Kiyosaki tweeted Wednesday that on Aug. 22, about 41 nations will meet in South Africa to de-dollarize the world. He expects the BRICS nations (Brazil, Russia, India, China, and South Africa) to launch a new currency called “bric,” noting that each bric unit will be equivalent to 1 oz. of gold.
The upcoming BRICS summit is scheduled for Aug. 22-24 in Johannesburg, with South Africa as this year’s host. Anil Sooklal, the South African diplomat overseeing BRICS relations, disclosed this week that over 40 nations have expressed interest in joining the economic bloc, and 22 of them have already submitted formal applications.
Sooklal further revealed that 69 leaders have been invited to the August summit, including all of the African heads of state and the leaders of major Global South bodies. However, he pointed out that no leaders of Western countries, including French President Emmanuel Macron, have received invitations. Macron previously expressed interest in attending the BRICS summit but was met with opposition from Russia.
Moreover, the South African diplomat said that the subject of a common BRICS currency is not on the agenda to be discussed at the summit, emphasizing that the BRICS bloc will focus on de-dollarization efforts and using national currencies in trade settlements.
In his tweet, Kiyosaki referred to the proposed BRICS currency as “bric” — the term frequently used by Jim Rickards, whom Kiyosaki referred to as his good friend and financial expert. Rickards is the author of “Sold Out: How Broken Supply Chains, Surging Inflation, and Political Instability Will Sink the Global Economy.” He has predicted that the new BRICS+ currency will be linked to gold.
This was not the first time Kiyosaki has warned about the end of the U.S. dollar. Earlier this month, he similarly stated that the U.S. dollar’s demise is imminent, predicting that it will occur with the launch of a gold-backed currency by the BRICS nations.
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