Leading financial analysts stressed that US commercial banks have initiated a large bank credit sell-off like they did in 2008 days before the historic market crash. Robert Kiyosaki, the author of the best-selling financial self-help book ‘Rich Dad Poor Dad’ claims that the bank credit sell-off could lead to another crash bigger than that of 2008. The only group that benefits from the US market crash is BRICS, as they are cutting ties with the dollar.
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Kiyosaki urged people to get their money “out of banks” before the global financial landscape turns hostile. He predicted that the upcoming crash could be the biggest in history and might take years to recover.
“FYI. Bank Credit just sold off like 2008. Get some cash out of banks as you need cash. This may be the start of the biggest crash in history. Hope I am wrong yet no time to play Russian Roulette with your life,” he tweeted.
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US Dollar Could Crash After BRICS Currency is Launched, Says Analyst
The financial author has been warning of an upcoming US market crash for two consecutive years. Previously, he warned that the upcoming BRICS currency could make the US dollar decline in the international markets. He also went a step further by saying that the US dollar “will die” when the BRICS currency is launched.
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Read here to know how many sectors in the US will be affected if BRICS stops using the dollar. The move will put the US dollar under pressure making local currencies gain strength in the foreign exchange markets.
“Giant crash coming. Fake money-aka first currency to die. BRICS meeting in South Africa August 22 to put nail in coffin of fiat. Fake money. Get into real gold, silver, and Bitcoin asap. Take care. End of fiat (fake) money near,” he tweeted.