Analyst Foresees Unprecedented US Economic Crash: A BRICS Perspective

• Significant Bank Credit Sell-off Signaling Potential Market Crash, Experts Warn
• Robert Kiyosaki's Take on the Issue
• Recent Trade Developments
• Preparing for a Financial Crisis
• Kiyosaki's Tweet
• The Future of the US Dollar
• Implications for the US
• Kiyosaki's Advice for the Public

Significant Bank Credit Sell-off Signaling Potential Market Crash, Experts Warn

Top financial analysts have pointed out recent movements by US commercial banks that mirror actions taken shortly before the 2008 market crash. This includes a notable sell-off of bank credit replicating the financial activities that transpired days prior to the historic financial crisis.

Robert Kiyosaki's Take on the Issue

Robert Kiyosaki, renowned for his best-selling financial literature 'Rich Dad Poor Dad', has predicted that this bank credit sell-off may precipitate a crash of greater magnitude than 2008's. According to Kiyosaki, the sole beneficiary of a potential US market crash would be the BRICS nations (Brazil, Russia, India, China, South Africa), given their ongoing efforts to decrease dependence on the US dollar.

Recent Trade Developments

It's worth noting that BRICS nations have made moves to conduct sizeable trade in Chinese Yuan instead of US dollars. A recent example is a $2 billion copper trade agreement, to be paid in the Chinese currency.

Preparing for a Financial Crisis

Kiyosaki has been advising individuals to withdraw their money from banks in anticipation of a hostile global financial landscape. He believes the impending crash could be the largest in history and recovery might take an extended period. His concerns were recently aired in a tweet:

Kiyosaki's Tweet

FYI. Bank Credit just sold off like 2008. Get some cash out of banks as you need cash. This may be the start of the biggest crash in history. Hope I am wrong yet no time to play Russian Roulette with your life.

The Future of the US Dollar

The acclaimed financial author has consistently warned about an upcoming US market crash over the past two years. His predictions include a substantial decline in the international standing of the US dollar triggered by the launch of a new BRICS currency. He has gone as far as suggesting that the US dollar might cease to exist once the new BRICS currency is introduced.

Implications for the US

This move away from the US dollar by BRICS could impact numerous sectors within the United States. The shift is expected to put the US dollar under pressure while boosting the strength of local currencies in foreign exchange markets.

Kiyosaki's Advice for the Public

In light of the imminent crash, Kiyosaki advises investing in gold, silver, and Bitcoin$42,260 -0.64%. He tweeted, Giant crash coming. Fake money-aka first currency to die. BRICS meeting in South Africa August 22 to put nail in coffin of fiat. Fake money. Get into real gold, silver, and Bitcoin asap. Take care. End of fiat (fake) money near.

Edited by Jonathan Stoker