Following the massive global market sell-off that took place earlier this month and BRICS de-dollarization, one expert says that the US could drive the ‘biggest market crash in world history.” Indeed, Rich Dad Poor Dad author Robert Kiyosaki did not hold back his feelings on the hard landing that could be in store for the global economy.
In the first week of August, the US stock market crash saw $2 trillion in funds wiped out. Moreover, Japan’s stock market had its greatest single-day loss in its entire history. Those developments paint a grim picture. Things may get worse if the country enters into a recessionary state.
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Finance Expert Warns of Potential and Unprecedented Market Crash
For the last several years, the BRICS bloc has embraced a move away from the US dollar. Moreover, they have sought to encourage similar action from the global economy. Its continued initiatives targeted increased reliance on the greenback. With the fragile state of the country, that may now be warranted.
Amid BRICS action, one finance expert warns the US Could drive the “biggest market crash in world history.” Indeed, Kiyosaki took to X (formerly Twitter) to discuss his expectations for the economy. Specifically, he noted that he was anticipating a “crash landing,” for the United States.
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Additionally, he noted that the crash could be so severe it would trigger “a coming depression.” He said that most Americans are putting their faith in Kamala Harris, Treasury Secretary Janet Yellin, and Federal Reserve Chair Jerome Powell. Yet, he noted that the three are unprepared to protect the country.
This all feeds into the BRICS current plight. The bloc has not been shy aoubout its perspective. That has driven continued trade in local currencies. Any kind of stark downturn could threatne the global economy, bceuas of hte integration ofthe US dollar on a massive slcale.