‘Rich Dad, Poor Dad’ author, Robert Kiyosaki, is sounding the alarm on the U.S. banking sector, warning that a crash has already begun. Kiyosaki’s concerns come on the heels of the recent closure of an Oklahoma bank, which he cites as a clear indication of the sector’s troubles.
In addition to the banking industry, Kiyosaki believes that bonds and commercial real estate markets are also at high risk of downturn. These warnings highlight his longstanding skepticism regarding the state of the financial system.
Kiyosaki has been critical of the current state of the U.S. banking sector and its impact on the global economy. He views the USD as a “fake” product of a corrupt and broken monetary system, which he believes has no chance of preserving its value. As a result, he predicts the worst crisis since the Great Depression of 1929.
To protect oneself from this crisis, Kiyosaki advises investing in scarce assets such as gold, silver, and Bitcoin. He sees these assets as a way to safeguard money amidst the turmoil in the financial markets. Kiyosaki even goes as far as labeling Bitcoin as “people’s money,” emphasizing its decentralized nature and unexpected emergence.
According to the bestselling author, the limited supply and intrinsic value of these assets offer the only means of preserving wealth in the midst of the ongoing financial firestorm.