The best-selling personal finance author Robert Kiyosaki is warning of a massive market crash on the horizon.
Kiyosaki tells his 2.8 million followers on the social media platform X that the “biggest crash in history” is coming soon.
The author of the personal finance bestseller Rich Dad Poor Dad says the cause of the market crash is likely to be the high levels of debt the US has incurred so far.
According to Kiyosaki, the US is the “biggest debtor nation in history” due to the fiscal policies of the Federal Reserve.
“Q: What does the Fed do when they f**k up?
A: 1987 Market Crash? PRINT fake dollars
1998 [Long-Term Capital Management] LTCM collapse? PRINT fake dollars
2019 Repo Market seizure? PRINT dollars
COVID-19 Pandemic? PRINT fake dollars
SILICON VALLEY BANK crash PRINT dollars
It’s not a new crisis… it’s the same crisis getting bigger.”
The Rich Dad Poor Dad author says the solution to the approaching crisis is for people to “stop saving fake” US dollars and put their money in hard assets.
“Start saving real gold, silver, Bitcoin.
Protect your wealth.”
Earlier this week, the best-selling author said an asset bubble was on the cusp of bursting. According to Kiyosaki, the bursting of such a bubble would present him with an attractive entry opportunity for hard assets.
“When bubbles burst, odds are gold, silver, and Bitcoin will burst too.
Good news.
If prices of gold, silver, and Bitcoin crash…. I will be buying.”
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