The Banking Crisis Has Already Begun – Robert Kiyosaki

Robert Kiyosaki, author of the book "Rich Dad, Poor Dad", issued a serious warning for the US banking sector, saying that the serious downturn has already begun.

Pointing to the recent closure of a bank in Oklahoma as a key indicator, Kiyosaki expressed concern that both the bond and commercial real estate markets are highly vulnerable to such downturns, echoing long-standing concerns about the state of the financial system.

Banking crash has begun. Oklahoma bank shuts its doors. Watch out bonds and commercial real estate markets next to go.

Take care

— Robert Kiyosaki (@theRealKiyosaki) November 2, 2024

Kiyosaki has consistently expressed skepticism about the U.S. banking and economic systems, which he says are heavily influenced by what he describes as a “fake” U.S. dollar – the product of a corrupt and unsustainable monetary system.

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In his view, the dollar’s diminishing value and dependence on flawed financial practices set the stage for the worst economic crisis since the Great Depression of 1929.

As a means of guarding against these risks, Kiyosaki has long recommended investing in assets with intrinsic value and limited supply, such as gold, silver and Bitcoin.

He considers Bitcoin to be “thepeople’s money” because of its decentralized nature and limited supply, which contrasts sharply with traditional currency. In his view, these assets offer the best protection for people who want to preserve their wealth amid what he describes as an ongoing “firestorm” in financial markets.

Kostadin Dimitrov