- Renowned investor Robert Kiyosaki continues to issue warnings about the global economic threats.
- This time, he targets those who save in dollars, cautioning that they could face significant losses with the dollar’s collapse.
- Kiyosaki advocates for alternatives like gold, silver, and Bitcoin, suggesting these could be safer havens during turbulent times.
Robert Kiyosaki urges investors to consider alternatives like Bitcoin amid warnings of an imminent dollar collapse.
Kiyosaki Warns Dollar Savers of Imminent Danger
Robert Kiyosaki, the best-selling author of “Rich Dad Poor Dad,” has once again raised alarms about the potential collapse of the U.S. and global economies. This time, his focus is on the people saving in dollars. During an economic assessment on August 14 with Andy Schectman, founder of Miles Franklin Precious Metals, Kiyosaki stated that those who are saving in dollars are in “serious danger.”
Impending Triple Bubble: Stocks, Paper Assets, Real Estate, and Dollar
In the discussion, Kiyosaki emphasized that the dollar, which has been a driving force behind the stock market’s peak, is on the verge of a collapse. He highlighted the impending burst of what he calls a “triple bubble” involving stocks, paper assets, real estate, and the dollar itself. Kiyosaki stressed, “Anyone who is still confident in the dollar and is investing in 401ks or IRAs will end up on the losing side.”
Public Awareness and Economic Reality
Kiyosaki also pointed out that most people are not aware of the inflation and other economic issues at play. He mentioned the difficulty in making these people understand the gravity of the situation, quoting, “It’s like singing to a pig; it wastes your time and annoys the pig.” According to Kiyosaki, those who still believe in traditional financial advice—like going to school, getting a job, saving money, paying taxes, and investing in a 401k or IRA—will face significant financial challenges.
Kiyosaki’s Continued Warnings and Future Outlook
Kiyosaki has been vocal about the devaluation of the dollar for quite some time. In May, he predicted that the situation would worsen and criticized schools for inadequate financial literacy education. He advises investors to stay away from “fake” fiat money and banks, and instead to invest in assets like Bitcoin, gold, and silver. Kiyosaki views these assets as the best way to protect wealth against what he describes as the “criminal” policies of financial authorities.
Conclusion
While Kiyosaki’s warnings have pushed many investors toward alternative investment vehicles, making definitive predictions about the economic future remains challenging. Experts recommend that investors exercise caution and gather information from diverse sources when making financial decisions. The impact of Kiyosaki’s predictions on the market will be seen over time.
