WHAT IF THE DOLLAR FAILS?

[Xavier Pinkett]

I listen to a lot of Robert Kiyosaki, and a lot of guests that appears on his show predicts the dollar to fail. In the scenario was to play out I have a lot of questions.

1. What currency will take place of the dollar?

I hear a lot of talk about cryptocurrencies being the US Dollar's replacement. I also have a strong urge to refrain to invest in crypto due to the fact that crypto is not a REAL Tangible asset. I understand the hype of the idea of a decentralized currency and the value people associate with such, but the idea of any digital asset simply doesn't provide a feeling of security or hedge against the dollar.

2. Whatever currency was to succeed the dollar, how would the general public go about daily trade for necessity such as housing, food, etc.?

Being that most Americans do not operate or make decisions from an investment standpoint, leading me to believe they will not plan or properly position oneself in an economy that experience hyperinflation of a sole and primary currency that leads to adoption of a new or secondary currency. As an investor in such economy where success is based on consumer sales, how are these transactions settled. 

ex. An Investor purchases a house. A tenant rents the house. The Investor collects income and pays off financial obligations associated to said house (Mortgage, Taxes).

In the event of change of currency, how does an investors maintain ownership of property if tenant doesn't have crypto to transact for a place to stay. The investor doesn't receive crypto to transact property taxes due to government. 

3. If the dollar was to fail would the investments you make today remain sound in an uncertain future?

[Nick C.]

Every crypto currency has a better chance of failing than the dollar. Their values are based on hype and tweets from Elon Musk and other celebrities. Bitcoin could go up to $100k/coin or could go down to $0. Who knows. 

Remember Kiyosaki's goal with these predictions - sell books and stay relevant. If the dollar fails and we live in anarchy, crypto currency won't help you without electricity and the internet; you'll be better off with guns, bullets, food, and water.