The well-known writer of the best-selling e-book Wealthy Dad Poor Dad, Robert Kiyosaki, says the U.S. greenback is toast, citing Saudi Arabia’s request to affix the BRICS nations that comprise Russia, China, India, Brazil, and South Africa.
The writer of Wealthy Dad Poor Dad, Robert Kiyosaki, is again with one other dire warning concerning the U.S. greenback. Wealthy Dad Poor Dad is a 1997 e-book co-authored by Kiyosaki and Sharon Lechter. It has been on the New York Occasions Finest Vendor Record for over six years. Greater than 32 million copies of the e-book have been bought in over 51 languages throughout greater than 109 international locations.
The well-known writer tweeted Wednesday:
Bye bye US $. Saudi Arabia formally joins BRICS. 1974 US $ turned PETRO $. Day after Biden pulled out of Afghanistan, Saudis started negotiations with Russia and China … US $ toast. Purchase, gold, silver, bitcoin.
South African President Cyril Ramaphosa reportedly stated throughout an interview on the South African Broadcasting Company (SABC) Tuesday that Saudi Crown Prince Mohammed Bin Salman Al Saud has expressed the dominion’s want to be a part of the BRICS. Ramaphosa just lately returned from an official go to to Riyadh, Saudi Arabia’s capital metropolis. The BRICS nations are Russia, China, India, Brazil, and South Africa.
The president of South Africa was quoted as saying:
Crown Prince Mohammed bin Salman expressed the dominion’s want to affix the BRICS. In 2023, the BRICS summit will probably be held underneath the South African presidency and this request will probably be studied.
“A number of international locations are in touch with the BRICS and we have now assured them that the accession problem will probably be mentioned and a call will probably be made,” Ramaphosa defined.
“If Saudi Arabia joins BRICS, it could be a promotion to the Center East international locations to strengthen their ties with BRICS international locations and weaken the intervention and affect of the U.S. within the space,” a Beijing-based worldwide relations professional reportedly instructed World Occasions Wednesday. Many others share the sentiment. “If Saudi Arabia joins BRICS, it is going to be one other strategic blow to the American Empire. BRICS+ can launch a democratic and commodity-backed world foreign money to problem the U.S. greenback,” a Twitter person wrote.
In the course of the BRICS Summit in July, Russian President Vladimir Putin introduced that the BRICS economies plan to problem a “new world reserve foreign money.” Analysts imagine the BRICS transfer to create a reserve foreign money is an try to undermine the U.S. greenback and the Worldwide Financial Fund (IMF)’s Particular Drawing Rights (SDRs).
Kiyosaki has been predicting the tip of the U.S. greenback for fairly a while. Earlier this month, he stated that the U.S. greenback will crash by January subsequent yr. Final month, he stated the tip of the faux cash is right here. The famend writer beforehand defined that when President Richard Nixon eliminated the U.S. greenback from the gold customary in 1971, “the U.S. greenback turned faux cash.”
Final week, he warned about World Battle III. Kiyosaki believes that the Federal Reserve elevating rates of interest will destroy the U.S. economic system. The Wealthy Dad Poor Dad writer has urged buyers to get into crypto now — earlier than the largest financial crash in world historical past occurs.
Do you agree with Wealthy Dad Poor Dad writer Robert Kiyosaki concerning the U.S. greenback being toast? Tell us within the feedback part beneath.
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Donald Trump is making news once more, but this time it’s not for political reasons; it’s about cryptocurrency. As he prepares to return as the 47th President of the United States, Trump will become the first sitting president to own meme currencies, a decision that has stirred both enthusiasm and skepticism in the crypto community.
Recent sources claim that Trump’s crypto wallet consists largely of meme coins and is valued roughly $8 million. Among the assets are $1.5 million in a meme currency with Trump-themed design and $5.5 million in TROG tokens.
In addition, he has about 1.3 billion GUA coins, which amounts to nearly $400,000, and $167,000 in TRUMPIUS tokens. This is a first of its kind, where Trump becomes an oddity in the world of politics and cryptocurrency, considering his earlier reluctance towards digital assets.
DONALD J. TRUMP WILL BE THE FIRST SITTING US PRESIDENT TO HOLD MEMECOINS pic.twitter.com/ODlNXDaKIT
— Arkham (@arkham) January 10, 2025
Trump’s journey into the crypto world is notable. He had been a strong critic of Bitcoin and other cryptocurrencies, calling them scams. But that all changed in 2024 when he started publicly endorsing Bitcoin and speaking out for the right to own it. That’s a broader trend among politicians, who are increasingly recognizing the potential of cryptocurrencies and their growing popularity among voters.
Trump’s financial success in the digital sphere was also aided by his venture into non-fungible tokens (NFTs) on Ethereum. Trump reportedly made a good living from these endeavors, and he currently owns roughly 496.77 ETH, which is worth about $1.6 million.
Many people are eager to see how Trump’s administration will regulate cryptocurrencies now that he is back in office. A possible change toward a more advantageous regulatory climate for digital assets is hinted at by the nomination of important individuals like David Sacks as “Crypto Czar” and Paul Atkins as SEC chair. This could result in more precise rules for investors and businesses involved in the cryptocurrency industry.
Donald Trump. Image: Ronda Churchill/Reuters
The policies by Trump are already changing market dynamics as everybody is anxiously awaiting them. During this time when Bitcoin hit a record high of $108k, while meme coins surged, analysts still feel that Trump could make the year 2025 a major turning point in cryptocurrencies.
The rise of Trump-owned meme coins is indicative of a broader cultural shift among younger investors who are fed up with established financial institutions. This combination of the political influence of Trump and the speculative nature of meme coins puts a scenario under which political events could significantly affect cryptocurrency markets. Thus, while the investors go about this, they are not ignorant of the volatility that is usually associated with meme coins.
Featured image from Fortanix, chart from TradingView
Scammers stole millions of dollars in cryptocurrency from remote job seekers in an elaborate scheme. New York Attorney General Letitia James has filed a lawsuit to recover over $2 million that she said was stolen from New Yorkers and others nationwide.
Scammers used unsolicited text messages to lure victims with promises of flexible, well-paying remote work opportunities. They claimed the job involved reviewing products online to generate market data. However, victims were told to open cryptocurrency accounts and maintain balances matching the price of products they were reviewing.
While victims believed they would receive their investments plus commissions, the funds were instead transferred into the scammers’ crypto wallets. The fake product reviews took place on a fraudulent website created as part of the scheme.
The lawsuit details seven people who were scammed. One victim, a New Yorker, lost over $100,000 while another victim from Florida lost over $300,000. These cases show the significant financial and emotional impact on the victims.
James’ office, working with Queens District Attorney Melinda Katz and her cryptocurrency unit, traced the stolen funds to specific digital wallets. Over $2 million in cryptocurrency has been frozen, ensuring it can be returned to victims.
“Deceiving individuals seeking remote work is cruel and unacceptable,” said James. “We’re committed to holding scammers accountable and recovering stolen funds.”
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