Robert Kiyosaki, the author of "Rich Dad Poor Dad," reiterated his endorsements of gold, silver, and Bitcoin, while advising investors to abandon fiat currencies. Kiyosaki frequently refers to fiat currencies as "fake money."
There is nothing fake money if it is created by governments and central banks. Fake money is from criminals and their activities to fake fiat currencies that have to be launched by central banks.I think it is more neutral to say money printed by central banks is like invalid money or no-value money. Because of their inflation and hyper inflation, purchasing power of those fiat currencies printed by central banks will decrease with time.
The US. dollar is a strongest fiat currency but FED fails to control its inflation as well as can not help to maintain purchasing power of the US. dollar.
Purchasing Power of the U.S. Dollar Over Time
