This article introduces information about ‘Rich Dad’ R. Kiyosaki Projects The Downfall OF US Dollar, Labels It ‘Toilet Paper’. Robert Kiyosaki’s warning that the US Dollar will become ‘toilet paper’ still stands in March 2023. So despite the passage of time, no one has been able to refute the accuracy of his claim or provide any convincing evidence that he is wrong.
The US Dollar has steadily lost value since Kiyosaki first made his prediction. The US Federal Reserve printed trillions of dollars to prop up the economy through the coronavirus pandemic.
So this has led to concerns about inflation and currency devaluation, which could further undermine the value of the US Dollar.
At the same time, Kiyosaki has emphasized investing in physical assets like silver and gold rather than leaving money in cash accounts.
The prices of both metals have risen significantly in recent years, reflecting investors’ increasing preference for tangible assets over fiat currencies.
Kiyosaki also continues to accuse the US of counterfeiting money, a claim which has not yet been proven. So the US government is increasingly taking action to combat the problem of counterfeiters, including the passage of new laws and regulations and creating a task force focused specifically on these issues.
Kiyosaki’s warning about the US Dollar appears relevant in March 2023, with the potential for further devaluation and increased counter-fitting activity continuing to be a risk.
Therefore, Kiyosaki’s recommendation to invest in physical assets such as silver and gold rather than leaving money in cash accounts will likely remain a bit of sound advice soon.