The best-selling author of the personal finance book 'Rich Dad Poor Dad', Robert Kiyosaki, has once again raised concerns about an impending major financial crash, cautioning about the consequent starvation and offering suggestions on how to prepare for it.
Kiyosaki recently interviewed Chris Martenson, the author of 'The Crash Course,' a book that discusses a range of crises occurring globally and their interrelatedness. The conversation took place on the latest episode of The Rich Dad Radio Show, which was streamed on February 22.
Finbold reports that, Kiyosaki discussed Martenson's book, which he referred to as "a book of prophecy" as it warned about future events. Kiyosaki then referred to his own prophetic work, appropriately titled 'Prophecy,' suggesting that the largest stock market crash in history is still on the horizon.
Kiyosaki said, “When the 2008 crash hit, that didn’t fix the problem, it made it worse. So it was easy to predict why the biggest crash was coming. And I think we’re in it right now.”
In addition, the author of 'Rich Dad Poor Dad' expressed his negative outlook on the upcoming famine and its potential to trigger social unrest. He also provided recommendations on how to endure this crisis.
“One of the forecasts I see, you know, the pessimists like me, they say starvation is coming. So I tweeted my solution is buy cans of tuna fish. (…) I caught hell for it and almost got shadow banned for recommending tuna fish.”
During the discussion, Kiyosaki emphasized his 'five G's' for surviving any economic downturn: grub, ground, gasoline, guns, and gold. He stressed the importance of having access to food, land, fuel, firearms, and precious metals. Kiyosaki has been preparing for such a scenario for years and believes that having these resources readily available is essential.
In a previous report by Finbold in April 2022, Kiyosaki expressed concerns about the impact of rising inflation on the U.S. population, stating that it could potentially wipe out 50% of the population. He also warned that if the stock market crashes, retirement plans and pensions may become unpayable.
Kiyosaki further explained that fiat money is losing its value due to inflation, and central banks are exacerbating the problem by printing more money.
Kiyosaki said, "You can go anywhere with gold and silver, and they say, 'welcome!' You go with this stuff [paper money], they go, ‘we don’t know what its value is anymore ’cause they’re printing so much of it."
For some time now, Kiyosaki has been warning of an impending "giant crash," stating in mid-February that the U.S. Federal Reserve was "compelled to print billions in fake money," which he believes is how the U.S. dollar is best described.
In addition to silver and gold, Kiyosaki has praised Bitcoin (BTC) as one of the three "hottest topics on earth," referring to the flagship decentralized finance (DeFi) asset as "people's money."
He attributed Bitcoin's bullish rally earlier this year to the growing demand for alternative investment products.
In late January, Kiyosaki predicted a "rough landing for the world," citing an increase in "bad news, bankruptcy, unemployment, [and] homelessness." He recommended investing in precious metals and Bitcoin as valuable assets that could withstand the economic turmoil. [pc]
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