Robert Kiyosaki, entrepreneur, investor and author of the bestselling personal finance book "Rich Dad, Poor Dad", has issued a stark warning of an impending economic downturn.
Recently, Kiyosaki announced what he believes will be “the biggest market crash in world history,” emphasizing his preparedness for this event. According to an August 14 post of his, the crash and potential depression could make the prepared, including himself, “very, very rich.”
In his post, Kiyosaki criticized the current U.S. leadership, calling Vice President Kamala Harris, Treasury Secretary Janet Yellen and Federal Reserve Chairman Jerome Powell “the 3 dogs that run America.” He compared Yellen and Powell to popular TV characters and suggested that “collapse can be a good thing” for those who are ready for it.
Kiyosaki also shared his views on protecting wealth from what he described as the “criminal” policies of U.S. financial institutions. He pointed to gold, silver and cryptocurrencies such as Bitcoin (BTC) and Etherium (ETH) as key assets to protect.
He called investors in these assets “rebels,” arguing that Bitcoin and Etherium, because they are open source, cannot be manipulated by the Federal Reserve, Treasury or politicians.
SOFT LANDING or CRASH LANDING. I hope I am wrong….yet I am prepared for the biggest market crash in world history.
Q: WHY am I preparing for a crash
Landing?A : BECAUSE if I am right…a crash and possible Depression will make myself and those that are prepared very,…
— Robert Kiyosaki (@theRealKiyosaki) August 14, 2024
Metaplanet is aggressively expanding its Bitcoin holdings through an unconventional $5.4 billion capital raise, positioning itself as a leading BTC proxy in Asia.
Morgan Stanley has issued a cautionary outlook on the U.S. dollar, predicting a major decline over the coming year as Federal Reserve rate cuts take hold.
BlueBird Mining Ventures, a London-listed firm traditionally focused on gold, is making headlines after announcing it will liquidate its gold reserves and begin accumulating Bitcoin as a treasury asset.
Legendary investor Ray Dalio has issued a stark warning about the trajectory of U.S. government finances, suggesting the country is drifting toward a series of severe economic shocks unless its debt spiral is urgently addressed.