Rich Dad Poor Dad Author Says Inflation is Killing the Middle Class – Coinpedia Fintech News

The best-selling author of the personal finance book “Rich Dad Poor Dad,” Robert Kiyosaki, has issued a dire warning about the impact of oil policy changes and inflation on the US middle class. Because of American political and macroeconomic policies that promote de-dollarization throughout the world, he believes US Vice President Joe Biden is “crushing the middle class.”

In a new interview, Kiyosaki claimed that Saudi Arabia’s desire to join the BRICS is a result of Biden’s decision to withdraw US troops from Afghanistan in 2021. Brazil, Russia, India, China, and South Africa are members of the BRICS economic alliance.

According to Kiyosaki, the United States has been violating financial regulations for years, which has caused the international community to lose faith in the dollar. He emphasizes how many nations are now using other currencies, including the Chinese yuan and the Russian ruble, to conduct international trade.

As a result of the BRICS alliance, according to Kiyosaki, 70% of the world’s population would eventually use the Chinese yuan as their primary currency and underlined the importance of oil in sustaining society and predicted that middle-class people would eventually become “toast” as a result of government actions pertaining to the resource.

“When the middle class is toast, all you have is two classes of people, rich and poor, and our civilizations run on oil. Oil is through the roof because he’s [President Joe Biden] a green new deal guy. It’s killing our middle class. Inflation is going through the roof, and it’s going to kill people. I don’t know how people survive today,” he said. 

Previously, he had predicted that the rising price of oil and the government’s push for green energy policies would ultimately lead to uncontrolled inflation, which would have lethal repercussions and maybe annihilate the middle class.

Source: Read Full Article