Financial Analysts Predicts US Dollar Crash Similar to Roman Empire’s End

The US Dollar had been the global currency since World War 2. The greenback has been used to trade oil, commodities, and even military arms which has led to the sustained growth of the American economy. But are things starting to change?

Leading analysts are sounding the alarm that the US economic supremacy has reached its peak. The perception amongst economic experts is that American dominance in the global market is declining. BRICS and other developing countries are racing ahead as their economies become more robust and diversified. The GDP (Gross Domestic Product) of BRICS nations is growing tremendously and challenging the US dollar at the global level.

In 2006, Brazil, Russia, India and China created the "BRIC" group. South Africa joined in 2010, making it "BRICS" block of countries. Egypt, Ethiopia, Iran, Saudi Arabia and the United Arab Emirates (UAE) were invited to become members with effect from 1 January 2024.

BRICS is convincing developing nations in Asia, Africa, and South America to forgo using the US dollar in lieu of trading in local currencies instead. 

Financial analyst and the author of the best-selling book ‘Rich Dad Poor Dad‘ Robert Kiyosaki compares the US dollar’s end to the demise of the Roman Empire. Kiyosaki explained that the Roman Empire’s world supremacy ended shortly after the government of the time, used bankers to debase the currency to pay soldiers, gladiators, and government salaries. BRICS is now looking to uproot US currency dominance and replace it with a new currency exchange world order.

Kiyosaki stated that the US is experiencing a similar decline where officials are printing more money to pay for its current wars and debts. Although the US currency usage decline may actually be due to current economic policies.

“The Roman Empire ended in the same way with massive gladiators entertaining chubby Romans while their bankers debased their currency to pay soldiers and bills”

Robert Kiyosaki

Kiyosaki offers his financial advise is such impeding volatile economic times. He urges investors to accumulate Bitcoin, gold, and silver, as the prices cannot be tampered with. 

“History repeats because stupidity repeats. Don’t be stupid. Bet instead on gold, silver, and bitcoin,” he said.

The US dollar dominance over world trade is evident, and may come at the hands of BRICS nations. However greater concerns around a piling massive U.S. Debt and wars in Gaza and Ukraine, along with threats from Iran and China.

Analyst had previously warned that the US dollar and the markets could crash harder than the 2008 financial crisis. Kiyosaki urges Americans to get their money “out of banks” and invest it in non-tampering assets like Bitcoin and gold.

Interestingly, with the higher U.S. Interest rates, American banks are inevitably shoring up U.S. Dollars worldwide causing a reduction is U.S. for local foreign trade. The result of this U.S. economic policy means other nations will look to trade with non-U.S. currencies and FDI (Foreign Direct Investment). Only time will tell if the U.S. Dollar crash is really a possible outcome, but diversifying assets is always a prudent alternative to keep all your eggs in one basket.