US economist warns of financial apocalypse: ‘Get out of the dollar’
Although they sometimes disagree on issues like Bitcoin (BTC), the author of the best-selling personal finance book ‘Rich Dad Poor Dad,’ Robert Kiyosaki, and a popular economist and gold bug, Peter Schiff, do agree on one thing – that the United States is looking at a massive financial collapse. Indeed, Schiff explained that the “fiat-based monetary system is on the verge of implosion” as the “dollar collapses and the world returns to the gold standard – just without the dollar,” as he joined Kiyosaki for an episode of his The Rich Dad Channel podcast streamed on June 26. Devastating consequences According to the economist , returning to the gold standard under such conditions would lead to devastating consequences for the already declining American standard of living, which he believes is “going to collapse,” and the US Federal Reserve might make the inflation worse by issuing Fedcoin. ...