Over the past few years, Robert Kiyosaki, also known as Rich Dad, has warned of an impending economic turmoil.
He suggested that the US banking system was already beginning to collapse due to the Federal Reserve System’s printing of huge amounts of dollars entering the economy and quickly depreciating.
In order to protect their capital amidst the global financial crisis, Kiyosaki encouraged investors to use alternative instruments, such as bitcoin, gold, and silver.
He believes that the new crisis will be much worse than the 2008-2009 shocks and cause a 70% collapse in real estate value, bringing immense losses to those already investing in office and residential buildings.
In addition, Kiyosaki frequently criticizes central bank policies, arguing that their monetary policies put a strain on the financial system and contribute to the emergence of crises.
