Robert Kiyosaki, author of “Rich Dad Poor Dad,” says the United States may be heading towards another economic depression and market “collapse.” He also argues that investors should invest in gold, silver and cryptocurrencies. Here are the details…
Kiyosaki argues that investors can be protected with Bitcoin, gold, silver
During the current COVID-19 pandemic, Kiyosaki criticizes the Fed’s response to the emerging economic contraction and encourages his broad followers on social media platforms to express themselves. calls for protection from hyperinflation (and possibly hyperinflation) that it considers inevitable. Kiyosaki states that this protection can be achieved by selling fiat assets to buy silver, gold and Bitcoin.
Anthony Pompliano’s “Pomp Podcast”, which was published recently, featured an interview with Kiyosaki in episode 263. During this interview, Pompliano asked Kiyosaki’s thoughts on “traditional inflation hedge” assets. “Gold and silver are God’s money. open-source Bitcoin is people’s money,” he said. In an interview with Daniela Cambone of Stansberry Research, she said this about inflation in the US:
Inflation is on the rise and the average American doesn’t have $1,000. Forty percent of Americans don’t have $1,000. So when inflation rises, we will wipe out 50 percent of the population and that’s when the revolution will begin.
Kiyosaki draws attention to the formation of a “bubble” in the financial markets
As we have also reported as Kriptokoin.com, Kiyosaki came to the fore when he added Solana (SOL) to his portfolio recently. “The best deals are always made early. People ask, ‘Do you invest in Bitcoin?’ [my answer] yes, it was when it was $6,000. Solana is still early and there is a remote possibility to rise,” he said. On April 25, Kiyosaki issued a warning that markets are potentially heading towards the biggest economic downturn in history.
Kiyosaki claimed that he was worried about the state of the markets, implying that all major financial markets were caught in bubbles. He said conditions could deteriorate rapidly, leading to “everything upside down”, leading to the onset of a major economic depression. Kiyosaki drew attention to the impact of the high debt burden globally, in addition to the Russian invasion of Ukraine and the influence of “false leaders”.
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