Robert Kiyosaki, renowned for his book Rich Dad Poor Dad, has recently sounded the alarm about what he describes as the biggest stock market crash in history. In an interview with Daniela Cambone of ITM Trading on September 6, Kiyosaki warned that this financial crisis has already commenced.
Kiyosaki Criticises Bond Markets and Highlights Financial Risks Amid Concerns Over Credit Suisse
Kiyosaki highlighted the bond markets as a particular area of concern. He criticised the common belief that bonds are a safe investment, calling the entire system corrupt. “The biggest markets in the world are the bond markets,” he said. “The whole thing is coming down because it’s all corrupt, so that’s why, for all these years, it’s gold and silver. I own gold mines, silver mines, all that stuff.”
Kiyosaki also mentioned that Credit Suisse, once regarded as a highly secure bank, is effectively bankrupt, though this is not immediately apparent. He expressed concern that financial problems are beginning but not yet fully visible to the public.
Read more: Robert Kiyosaki, the famous author of Rich Dad Poor Dad, teaches you how to make money in your sleep
Kiyosaki Criticises U.S. Economic Policies and Urges Survival Strategy Amid Financial Depression
According to Kiyosaki, the United States is experiencing a financial depression, a situation he attributes to stagnation since 2008. He criticised Vice President Kamala Harris and other officials for their roles in exacerbating economic issues, citing what he sees as misguided economic policies and excessive national debt.
“The national debt of America is now $35 trillion on the balance sheet,” Kiyosaki said. “It’s about $250 trillion off the balance sheet, with social security and pensions. But the real problem here is that every year now, American taxpayers have to pay a trillion dollars just to handle the interest on that debt.”
In response to the impending economic downturn, Kiyosaki outlined his 'five Gs' for survival: gold, grub (food), ground (real estate), gasoline, and guns. He emphasised the importance of these assets for navigating the anticipated crash.
Read more: Kiyosaki Forecasts Historic Market Crash and Offers Advice on Protective Assets
Kiyosaki’s predictions underscore serious concerns about the current financial system, though his solutions and viewpoints may not address underlying structural issues. The emphasis on tangible assets highlights his belief in their reliability amid economic instability, yet the broader economic impacts remain uncertain.
XingChi
