R. Kiyosaki warns about the ‘biggest market crash in world history’ 
Finance Aug 14, 2024 Share
As he continues to warn about the bad times coming for both the United States and the rest of the world, Robert Kiyosaki, entrepreneur, investor, influencer, and author of the best-selling personal finance book ‘Rich Dad Poor Dad,’ has announced the “biggest market crash in the world history.”
Specifically, Kiyosaki declared his preparedness “for the biggest market crash in world history,” as “a crash and possible Depression will make myself and those (…) prepared very, very, rich,” warning about the “3-Stooges running America,” according to his X post on August 14.
Indeed, he was referring to the current U.S. Vice President Kamala Harris, the Treasury Secretary Janet Yellen, and the Federal Reserve Chair Jerome Powell, unflatteringly comparing the latter two with popular television characters, as well as telling his followers that “crashing can be a good thing” for those prepared for it.
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SOFT LANDING or CRASH LANDING. I hope I am wrong….yet I am prepared for the biggest market crash in world history.
Q: WHY am I preparing for a crash
Landing?A : BECAUSE if I am right…a crash and possible Depression will make myself and those that are prepared very,…
— Robert Kiyosaki (@theRealKiyosaki) August 14, 2024
Assets against Fed’s ‘criminal’ policies
Elsewhere, Kiyosaki revealed assets to protect one’s wealth against “criminal” policies of the above financial institutions in the U.S., including gold, silver, and cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH), calling anyone invested in these assets “rebels,” as Finbold reported on August 9.
“Anybody who is in either gold, silver, or Bitcoin, we’re basically rebels. (…) Bitcoin or Ethereum – it’s open source, it means the Fed cannot mess with it, nor can the Treasury, nor can a politician, and that’s why I endorse both products.”
Earlier, he has particularly focused on the flagship decentralized finance (DeFi) asset, arguing that the recent crash across markets worldwide was the ideal time to stock up on the declining assets – including Bitcoin, gold, and silver – as such moments are the time to be brave when others are cowering.
Meanwhile, Bitcoin has started to recover since the finance educator’s endorsement, managing to climb back above the $60,000 psychological level, as well as eyeing the $170,00 price by early 2025, but not before suffering a “violent crash” in the interim, as Finbold reported.
Overall, the truth is that Kiyosaki has long warned about the devastating crash coming, so doing one’s own research is necessary, not just when observing market patterns but also before investing significant amounts of money into any asset he recommends, as trends in any market can change.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.