Renowned author and investment analyst Robert Kiyosaki has issued a shocking warning about financial markets.
Kiyosaki, author of “Rich Dad Poor Dad,” claimed in a social media post that the world’s biggest economic collapse will occur this year.
Kiyosaki recalled predicting this collapse years ago in his book “Rich Dad’s Prophecy,” saying that the retirement savings of baby boomers in particular would be wiped out and many could become homeless due to financial hardship.
“This year will be the biggest crash in history. Baby boomer retirees will be wiped out. Many baby boomers will be homeless or living in basements with their children’s bedrooms,” Kiyosaki said with an important warning to market followers.
Kiyosaki advocated avoiding printed assets and suggested investors turn to “real assets.” The author reiterated the age-old adage that “savers are losers” and argued that inflation was devaluing cash savings.
Kiyosaki highlighted silver and Ethereum in his latest post, saying that these two assets are powerful from both a store of value and industrial use perspective.
“I think silver and Ethereum are the best options today because they are used in industry as well as stores of value, and their prices are still low.”
Mr. Kiyosaki encouraged investors to study the strengths and weaknesses of these assets and make decisions based on their own financial knowledge, concluding his talk with the words, “Improve your own financial intelligence and become richer.”
*This is not investment advice.
