Robert Kiyosaki and Peter Schiff believe financial collapse is inevitable

Schiff stated that "the fiat-based monetary system is on the verge of implosion" as "the dollar collapses and the world returns to the gold standard, only without the dollar." According to the economist, a return to the gold standard in such conditions would lead to devastating consequences for the already declining standard of living of Americans, which, in his opinion, would “fall below the baseboard.” At the same time, he noted that the release of Fedcoin by the US Federal Reserve will only worsen inflation.

Moreover, Schiff believes that because of the current glorification of socialism as he sees it, many people will blame capitalism, rich people and bankers for the coming "financial apocalypse" and advocate for the government to take complete control. In his opinion, the best way to protect your wealth and ensure a comfortable retirement in such a situation is to “take action now to get rid of US dollars and dollar assets and buy real things - foreign stocks, real estate, gold and silver.”

You must exit the dollar. You must understand the magnitude of the changes that are about to occur and the profound impact they will have on the standard of living in the United States. Supporting this view, Robert Kiyosaki agreed that US fiat currency is indeed on the verge of an inevitable decline, with “the rich getting richer and the poor and middle class getting poorer.” He added that “anyone who saves dollars is simply a loser because [the Fed] keeps printing them.”

Kiyosaki has long argued that “the poor and middle class need jobs that promise stable wages,” but they receive “fake dollars” that are invested in stocks, bonds, mutual funds and exchange-traded funds. In reality, they should buy gold, silver and bitcoin. And this is where the investor disagrees with Peter Schiff, who calls the first cryptocurrency the “choice of ignorant” young people who will pay for their ignorance.