Cryptocurrency

Veno Finance

Jerome Powell

Reserve

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 <p class="paragraph">Amidst the strong performance of the stock and crypto market, Robert Kiyosaki, the acclaimed investor and author of the best-selling personal finance book ‘<em>Rich Dad Poor Dad</em>,’ has decided to share some ominous what-if scenarios for dollar and hyperinflation.&nbsp;</p> 
 <p class="paragraph">More precisely, he pointed his finger at the White House, Federal Reserve, and Treasury and asked what if, instead of deflation, we had a case of <a rel="dofollow" title="hyperinflation" href="https://thebittimes.com/tag/hyperinflation.html">hyperinflation</a> and <a rel="dofollow" title="dollar" href="https://thebittimes.com/tag/dollar.html">dollar</a> crash due to their mistakes in his latest post on X on January 11.</p> 
 <p class="paragraph">He said that is why he bought five more Bitcoin (BTC) on the same day as a failsafe mechanism.</p> 
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    <p lang="en" dir="ltr">INFLATION or DEFLATION? What if the PhDs at White House, Treasury &amp; Fed put economy into HYPERINFLATION? I hope not…but what if our leaders F’up, the dollar collapses and we have HYPERINFLATION? That’s why I bought 5 more Bitcoin today. What are you going to do? Trust your…</p>— Robert Kiyosaki (@theRealKiyosaki) January 11, 2024
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 <p class="paragraph">Just recently, Kiyosaki blamed U.S. President Joe Biden, Secretary of Treasury Janet Yellen, and Federal Reserve Chairman Jerome Powell for driving the U.S. toward depression and war.</p> 
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 <p class="paragraph">He also advised investors to allocate their funds to gold, silver, and Bitcoin, which are resilient during turmoil and <a rel="dofollow" title="inflation" href="https://thebittimes.com/tag/inflation.html">inflation</a>.</p> 
 <h2 class="wp-block-heading" id="h-hyperinflation-in-the-u-s">Hyperinflation in the U.S.?</h2> 
 <p class="paragraph">Just recently, the FED announced that the interest rates will remain unchanged and hinted at the possibility of multiple rate cuts in 2024, something that is not done when a country is suffering a high level of inflation.</p> 
 <p class="paragraph">Moreover, the level of <a rel="dofollow" title="inflation" href="https://thebittimes.com/tag/inflation.html">inflation</a> is currently set at 3.14%, far below the 50% threshold, which is a limit above which <a rel="dofollow" title="inflation" href="https://thebittimes.com/tag/inflation.html">inflation</a> is upgraded to <a rel="dofollow" title="hyperinflation" href="https://thebittimes.com/tag/hyperinflation.html">hyperinflation</a>.</p> 
 <p class="paragraph">As for the crash of the United States Dollar, it is essential to note that this event may occur in the case when there is no more backing by the gold reserve or in the case of circumvention by the traders, which is currently far from the truth, as almost half of the world transactions are conducted by using it.</p> 
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<p>Source: <a rel="dofollow" target="_blank" href="https://thebittimes.com/rich-dad-r-kiyosaki-warns-of-dollar-collapse-and-hyperinflation-tbt76272.html">https://thebittimes.com/rich-dad-r-kiyosaki-warns-of-dollar-collapse-and-hyperinflation-tbt76272.html</a></p>

‘Rich Dad’ R. Kiyosaki warns of dollar collapse and hyperinflation

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