Robert Kiyosaki, the renowned American entrepreneur and author, made a surprising prediction during his interview on the "Finance with Sharan" program. In this interview, conducted during his attendance at the India Growth Summit in September 2023, Kiyosaki affirmed that the United States could become the poorest country in the world starting from the present time.
Kiyosaki's visit to India is part of his habitual practice of visiting impoverished neighborhoods, and on this trip, he visited slums in Mumbai. Through his interaction with the people there, he emphasized the changing landscape in the United States, considering that there are impoverished neighborhoods everywhere in America, indicating a deterioration in economic conditions.
In the hour-long conversation, Kiyosaki discussed various topics, ranging from his three favorite investments to the changing dynamics of global finance and the role of the U.S. dollar. Kiyosaki likens the U.S. dollar to "toilet paper," asserting that paper currencies are a form of deception.
Regarding his investment perspectives, Kiyosaki underscores the importance of investing in tangible assets such as gold and silver, considering gold as "God's money" and Bitcoin as "people's money." Concerning real estate, he advocates smart investments and points to Real Estate Investment Trusts (REITs) as an effective way to benefit from real estate returns without the need to purchase entire properties.
As for oil, Kiyosaki views it as the "lifeblood of civilizations," highlighting its crucial role. In conclusion, he reiterated his bearish outlook on the U.S. dollar, reinforcing his belief that investors should seek assets that protect their value from inflation.
