Dollar Collapse Warning Global Economic Crisis!

HE PREDICTED the tech bubble bursting in 2000. He predicted the 2007 GFC. And now he’s predicting a global financial collapse in 2016 that he says will make GFC look like a teddy bear’s picnic. American author and entrepreneur Robert Kiyosaki made his name over a decade ago as the writer of Rich Dad, Poor Dad — a personal finance bestseller. This week, he’s in Australia for the Masters of Wealth seminars, dispensing money advice on how to survive the next collapse. Mr Kiyosaki told news.com.au the forthcoming economic apocalypse will be driven by what he believes is the US’ biggest problem — that it’s “printing” too much money. “My concern has always been when you print money, two people get hurt — the middle class and the poor,” he said. Mr Kiyosaki’s argument is that because the US is “printing” too much money, the world’s biggest economy will enter into hyperinflation, where the value of a dollar is considerably less than it used to be. If the US collapses under hyperinflation, then the rest of world’s economies would tumble down with it as most currencies are pegged against the US dollar rather than gold. He said that America will become the next Zimbabwe.