The article “Dedollarization: The Greenback Will Die, BRICS Nations to Back Gold-Backed Crypto, Says Robert Kiyosaki” by Business Insider discusses the potential for a shift away from the US dollar as the world’s reserve currency. The article quotes Robert Kiyosaki, a well-known financial author, who has said that the dollar is “dying” and that a new global currency backed by gold is on the horizon.
Key Points:
- The dollar is losing its status as the world’s reserve currency.
- BRICS nations are considering backing a new global currency with gold.
- Robert Kiyosaki believes that the dollar is “dying” and that a new global currency is on the horizon.
- A gold-backed currency would be more stable than the dollar and would be less vulnerable to inflation.
- A shift away from the dollar would have a significant impact on the global economy.
Additional Information:
- The term “dedollarization” refers to the process of reducing the use of the US dollar in international trade and finance.
- The dollar has been the world’s reserve currency since the end of World War II.
- There are a number of factors that are contributing to the decline of the dollar, including the US’s large trade deficit, its rising national debt, and the increasing economic power of China.
- If the dollar were to lose its status as the world’s reserve currency, it would have a significant impact on the global economy.
Accreditation:
Business Insider. “Dedollarization: The Greenback Will Die, BRICS Nations to Back Gold-Backed Crypto, Says Robert Kiyosaki.” Business Insider, 19 July 2023, https://markets.businessinsider.com/news/stocks/dedollarization-greenback-will-die-brics-nations-gold-backed-crypto-kioysaki-2023-7.