For nearly three decades, Robert T. Kiyosaki has been sharing his inspirational stories. The final chapter of his several editions is nowhere to be found. At his best, he goes from zero to hero. Is there anyone in the financial or investment industry who hasn’t read “Rich Dad, Poor Dad: What the Rich Teach Their Kids About Money That the Poor and Middle Class Don’t?”? No, I don’t believe so.
We all received more than we bargained for, to be sure. According to Kiyosaki, terrible times call for desperate methods, including “weapons and bullets.” As a result, Bitcoin has found itself in some unusual “company” in the form of the 2A and food.
“…on Monday, the S&P 500 entered bear market territory, falling more than 3% to a level more than 20% below its January high. Jeremy Siegel, a world-renowned economist, believes that during this year’s slump, markets have discounted at least a “mild recession.”
“Siegel was asked if he thought it was fair to argue that a recession had been priced in, considering that the S&P 500 has contracted by an average of 31% in each recession since WW II.”
He said, “I believe we’re pricing in a little recession.” “I’m not predicting how bad the recession will be.”
“We are living in the time of the greatest change in economic history,” he said. “Something is happening in the world that hasn’t happened before.” — Robert T. Kiyosaki
According to Kiyosaki, who is estimated to own over 8000 properties, the next financial crisis will present opportunities for savvy real estate investors.
Kiyosaki has dabbled in Australian real estate, purchasing properties in Sydney and Brisbane, and has expressed dissatisfaction with several local government tax policies.
“The majority of Australians I meet are punters. They simply purchase bitcoin in the hopes of becoming wealthy quickly. They examine the small picture. What I’m referring to is the geographical and historical picture… right now, we’re on the verge of war.”
Robert Kiyosaki warns of impending financial collapse and urges people to stockpile food, Bitcoin, gold, and silver.
Kiyosaki stated that the world is on the verge of one of the largest financial disasters since World War II. He also stated that world leaders may adopt desperate steps that could result in war-like scenarios. And that people should begin stockpiling basics such as food, ammunition, and value stores such as Bitcoin and precious metals.
Kiyosaki has previously advocated for Bitcoin as a solid store of value. He has already discussed the different advantages of Bitcoin as a store of value in his tweets. In a recent tweet, he stated that Bitcoin is the currency of the future.