Leading financial analysts are warning that the US supremacy has reached a tipping point and its dominance cannot move further up. BRICS and other developing countries are racing ahead as their economy becomes robust and stronger. The GDP of BRICS nations is growing tremendously and challenging the US dollar at the global level.
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BRICS is convincing developing nations in Asia, Africa, and South America to ditch the US dollar and use local currencies. Read here to know how many sectors in the US will be affected if BRICS ditches the dollar for trade.
BRICS: US Dollar Dominance Could Face Roman Empire’s Fate
Financial analyst and the author of the best-selling book ‘Rich Dad Poor Dad‘ Robert Kiyosaki compared the US dollar’s end to the Roman Empire. He explained that the Roman Empire’s supremacy ended after their bankers debased their currency to pay soldiers, gladiators, and bills. BRICS is now looking to uproot the US dominance and replace it with a new world order.
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Kiyosaki stressed that the US is experiencing a similar decline where the officials are printing money to pay for its wars. “The Roman Empire ended in the same way with massive gladiators entertaining chubby Romans while their bankers debased their currency to pay soldiers and bills,” he said.
The author urged investors to accumulate Bitcoin, gold, and silver, as the prices cannot be tampered with. “History repeats because stupidity repeats. Don’t be stupid. Bet instead on gold, silver, and bitcoin,” he said. The US dollar end could come through the hands of BRICS are they’re pressing all the right buttons.
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The analyst had previously warned that the US dollar and the markets could crash harder than the 2008 financial crisis. He urged Americans to get their money “out of banks” and invest it in non-tampering assets like Bitcoin and gold.