Robert Kiyosaki is one of the greatest teachers of all time.
The author of Rich Dad Poor Dad, and a number of other best selling books has a stern warning about the coming financial crisis.
He actually always has a warning about the impending financial crisis, but they actually almost usually occur around the times he has predicted them to occur.
Sometimes it is for other reasons than the ones he has cited, but they do end up happening—case in point: the economic fallout caused by Covid-19.
Kiyosaki had no way of knowing that Covid-19 was incoming in 2016, but he was talking about an impending financial crisis all the way back then.
Everything is so connected these days, and poor fiscal choices seem to plague our governments.
All it is going to take is the smallest thing to completely unravel the highly leveraged debt financing positions individuals and institutions alike are suffering from right now.
Could the biggest financial crisis really be coming in the next several weeks?
Robert Kiyosaki weighs in:
Is the world's biggest crash coming in October of 2021? Financial genius, and teacher Robert Kiyosaki shares his thoughts on the coming financial crisis. https://t.co/YXwQUlcwsz#Kiyosaki #Crash #Crypto
— Vince Quill (@VinceQuill) September 30, 2021
Rich Dad Poor Dad Author Robert Kiyosaki Predicts Gold, Crypto, Stock Market Crash This Octoberhttps://t.co/1akD7jDG96
— Gorilla Gang (@lb_rome) September 30, 2021
Kiyosaki’s comments appeared in Finbold:
Speaking to Kitco News, Kiyosaki explained several factors around the economy that will culminate in the crash he described as the biggest in the world.
The author cited factors like the growing debt while stating that a possible crash offers an opportunity to invest in assets considered a store of value like Bitcoin, gold, and silver.
“It’s going to be the biggest crash in world history. We have never had this much debt pumped up. Debt is the biggest problem of all…the debt to GDP ratio is out of sync. So when it comes down, and it’s going to bring everything down with it, that’s when I’m going to be buying more gold, silver, and Bitcoin,” Kiyosaki said.
Giant stock market crash coming October. Why? Treasury and Fed short of T-bills. Gold,silver, Bitcoin may crash too. Cash best for picking up bargains after crash. Not selling gold silver Bitcoin, yet have lots of cash for life after stock market crash. Stocks dangerous. Careful
— therealkiyosaki (@theRealKiyosaki) September 26, 2021
Robert Kiyosaki, author of Rich Dad Poor Dad, says the entire market, including bitcoin, gold and U.S. stocks, is facing a severe crash in October.
"It would be the biggest crash in history. US has never had so much debt. The ratio of debt to GDP is out of sync."
— WEIWEI DAI (@WEIWEIDAI4) September 29, 2021
Bitcoin.com provided extra details:
Kiyosaki has been vocal in predicting the greatest market crash. In June, he warned that the “biggest crash” in the world’s history was coming since the “biggest bubble” in the world’s history was “getting bigger.” He suggested at the time to buy more gold, silver, and bitcoin.
The famous author said in August: “Bitcoin has the greatest upside. With dollar dropping, bitcoin and silver are the best investments.” He also shared: “The primary reason I invest in bitcoin, gold, and silver is because I do not trust our leaders, the Fed, Treasury, nor the stock market. Unfortunately, mom and pop who save money do.”
Want more? To stay up to date on all our news, please follow us on Facebook here:
Join the conversation!
Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!