Robert Kiyosaki warns of ‘another 1929 crash’ and ‘Great Depression’
Main Idea
Robert Kiyosaki warns of a potential global economic collapse similar to the 1929 crash and Great Depression, citing U.S. debt as a major concern, and advocates for gold, silver, and Bitcoin as safe havens.
Key Points
1. Kiyosaki cites ballooning U.S. debt as the primary reason for his economic collapse warning.
2. He advises holding gold, silver, and Bitcoin as protective assets against economic instability.
3. Kiyosaki notes that investment legends Warren Buffet and Jim Rogers have sold most of their stocks and bonds, opting for cash or silver.
4. He criticizes ETFs as 'paper assets,' comparing them to ineffective substitutes for real investments like precious metals.
5. Kiyosaki reiterates his long-standing advocacy for Bitcoin as a viable counterweight to fiat currency.
Description
Robert Kiyosaki , American businessman and educator, has sounded yet another financial alarm. In a recent social media post , the author of Rich Dad Poor Dad warned that the global economy could be on the brink of a collapse comparable to the 1929 crash and the Great Depression. Kiyosaki’s warning cites ballooning U.S. debt as the chief reason for concern and recommends, in his characteristic fashion, a shift toward assets such as gold , silver , and Bitcoin ( BTC ). “I sit tight with gold, silv...
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