“Rich Dad, Poor Dad” economist Robert Kiyosaki says the big crash is imminent. The expert advises those who want to protect themselves from the collapse to buy gold, silver and Bitcoin, saying that they will outperform the US dollar.
Could it be the beginning of the greatest depression ever?
Rich Dad Poor Dad author Robert Kiyosaki believes the United States may be heading towards another slump and major depression. According to Kiyosaki, the world’s rising debt and geopolitical tensions between Russia and Ukraine could precipitate a major economic downturn. The expert expresses his views as follows:
Everything is a bubble, everything is falling. Could this be the beginning of the greatest depression ever? I’m worried.
In a recent interview with Jay Martin, CEO and chairman of Cambridge House International, Robert Kiyosaki says countries of all shapes and sizes are beginning to understand the harmful impact of inflation. Kiyosaki explains:
I think people are waking up to the fact that inflation is here and that inflation may be permanent. The problem with inflation is, my personal point is, it makes the rich richer but it makes the poor poorer. So literally poorer. Then the middle class is most affected.
Gold and silver are God’s money, Bitcoin is people’s money
Saying that he has invested heavily in oil to protect himself from inflation, Robert Kiyosaki said, “I am an oil man. I have a lot of oil,” he says. Kiyosaki explains why this is as follows:
I don’t know if you know this, but oil provides the fertilizer that makes crops grow. So you will see food prices go up and the cost of getting the food to supermarkets. All this will only get worse.
Robert Kiyosaki, whose views we have included in the news onKriptokoin.com, says that there are very few options for investors in the current economic environment. Its sullen outlook on the dollar makes it bullish on gold, silver and Bitcoin (BTC). For his expectations, Kiyosaki says:
I am very optimistic about gold. I’m in control of not just ounces of gold, but tons of gold, because for me gold has been money since God came. Gold and silver are God’s money, Bitcoin is people’s money.