Robert Kiyosaki Warns That This Move By Iran Was 'Worse Than War'— It Could Spell The Death Of The Dollar
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"Rich Dad Poor Dad" author and investor Robert Kiyosaki says Iran's latest move to accept oil payment in Chinese yuan was worse than the current conflict, and questioned whether it could spell the end of the U.S. dollar.
Kiyosaki urged investors on social media to study recent comments from Bridgewater Associates founder Ray Dalio, who has warned that the Iran war risks huge changes to the global order. Kiyosaki believes that an end to the 50 year "petrodollar" regime is a serious threat to the role of U.S. economy in global finance.
China-Iran Deal Could Hurt The United States' Trade Dominance
In a recent post on X, Kiyosaki warned that the ongoing U.S.-Israeli conflict with Iran could lead to a problem "worse than war," due to fears that the dollar could lose its dominance over global trade.
Calling it the "biggest news in financial history," he urged investors to listen to Dalio's advice to avoid the effects of the crisis and its impact on the economy. Kiyosaki also discussed the dollar in comments he made in April about the shift from a gold-backed currency pre-1974 to one that was oil-backed, which he said could lead to a world war.
Both investors are now fearful that the environment is coming to a close and the U.S. could lose its grip over global trade.
A 'Final Battle' For The Strait Of Hormuz Could Redefine The Future of Global Power
Dalio has been vocal about the U.S.-Israeli conflict with Iran and its threat to U.S. dominance, calling it a "final battle" that could redefine history.
In a LinkedIn post from March, he likened the risk of losing control of the Strait of Hormuz to the Suez Crisis in 1956, which he said ushered in a decline in British influence. Dalio said there were numerous cases in history where a "perceived lesser power" challenged the world's most powerful nation for control of an important trade route.
Dalio suggested that the world's nations watch on and "financial flows quickly and naturally run from the losers."
These historical events have also involved global powers that are "overextended financially," Dalio added, and risked losing both military and financial control. That raises the risk of both allies and creditors losing confidence, while the dollar's status as a reserve currency could be at risk if countries reduce their appetite for U.S. dollar-denominated assets, he said.