Robert Kiyosaki, renowned author of the phenomenal personal finance book “Rich Dad, Poor Dad,” shared a piece of his mind on how to decentralize from the fiat currency in these scary times of a broken banking system. According to him, the dollar has been losing its purchasing power and not long from now, it would just be worth less than “toilet paper.”

During his appearance on the recent episode “Decentralize.TV” hosted by Mike Adams and Todd Pitner, Kiyosaki pointed out how the lack of financial education in the United States blinds the people and even President Joe Biden’s administration in tackling the current economic downturn. “Just recently they raised the debt ceiling again… and because our schools have no financial education, no idea of credit rating, our debt increased by $1.8 trillion. The United States via Fitch Rating services downgraded the U.S. debt from AAA to AA-plus. We are on a collision course for disaster.” (Related: America is on a collision course for a debt disaster, warns author Robert Kiyosaki.)

He further explained that every time the United States got into financial trouble, “we just print more money. “But there comes a time when you can’t print any further. And we’re, we’re pretty near that point right now,” he warned.

The entrepreneur/writer is a self-confessed ex-POTUS Donald Trump friend and supporter and admitted that both of them are capitalists. However, he said that President Joe Biden is a Marxist/communist and he emphasized how people should be observing more what the top officials do, rather than say. “So, the first thing that Joe Biden did was to cancel the Keystone XL Pipeline … from Canada to the Gulf of Mexico,” he said, adding that he owns real oil and sells it out of Texas, Louisiana and North Dakota. During Trump’s time, he was selling oil for 30 bucks a barrel.

“The moment Biden cut that Keystone XL pipeline, that was in 2020 just before the riots and January 6, the price of oil went from $30 a barrel to $130 a barrel. And I immediately knew what Biden was doing. His plans are to crush the poor middle class, so that we’re on the verge of revolution, ” he said. “So it’s not what he says, it is what he does.”

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