Robert Kiyosaki, who has long warned of a global collapse, likened the US dollar to a descending bubble. The finance writer emphasizes that gold and a few investment instruments will be the savior in the crisis.
Robert Kiyosaki says the US economy is collapsing like a ‘deflating bubble’
Robert Kiyosaki, author of the bestselling personal finance book ‘Rich Dad Poor Dad’ continues to warn of the impending recession. In his latest statements, he likened the US dollar to a declining bubble that the government had tried.
Kiyosaki’s latest revelations came in an interview for the London Real podcast, which aired on May 30.
About money education
According to the finance educator, “Our money system is so bad and we still don’t teach anything about money. We better start transforming, not just training.”
According to Kiyosaki, this transformation involves more than “just going to school and getting a job.” At this point, “Our school system has taught us to work for counterfeit money. Go to school. Find a job. Work hard. Save money. Get out of debt and invest in the stock market. I am very disturbed by what is happening in our school system. I mean, we have to start transforming.”
“Only gold, silver and BTC will be the savior”
Kiyosaki has long expressed that only these assets will be the savior in the crisis environment. While launching gold, silver and Bitcoin (BTC), he criticizes the financial and education system in the US as being “communist” and “criminal”, while fiat currency as worthless and worthless.
When will the balloon burst?
As Kiyosaki points out, the US government has “stucked the economy into this huge bubble. You see the balloon hanging there. This is the bubble that the Fed and the Bank of England have burst in the economy, and the little gondola there hangs under this bubble. So he’s pumping all this fake money into the market. In fact, we have been in a depression since 2007.”
On the government’s faulty monetary policies, “Instead of letting everything collapse, they kept pumping money and lowering interest rates, raising interest rates, and all that. But now the balloon has deflated. That balloon comes down and they try to inflate it again by printing everything they do.”
In particular, Kiyosaki suggests investing in gold, silver and Bitcoin rather than fiat money and stocks, as they are scarce. The finance expert has previously particularly praised Bitcoin as the “people’s money”. He expressed his belief that BTC could hit $100,000 sometime in the future.
Robert Kiyosaki’s latest Bitcoin and gold predictions
The famous writer, in a tweet he took in February this year, said, “The giant collapse is coming. Depression is possible. The Fed had to print billions of counterfeit money. “By 2025, gold will trade at $5,000, silver at $500 and Bitcoin at $500,000,” he said. Kiyosaki says that these assets will come to the fore especially in the crisis environment.
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