Renowned investor and author of 'Rich Dad, Poor Dad' Robert Kiyosaki has warned of a potential global economic collapse due to the falling bond market.
Bond Market Issues
Kiyosaki highlighted that the global economy is entirely dependent on debt, with bonds being a critical element of this system. The collapse of the bond market signals deeper economic issues that could trigger a significant crisis in the future. He stated that the trust in bonds and the ability of countries to repay debts is eroding, indicating a potential meltdown.
Hidden Dangers of Banking Crisis
Besides the bond market, Kiyosaki also pointed out that hidden banking crises are far more dangerous than public stock market crashes. Stock market declines are visible to the public, whereas banking crises often go unnoticed until it is too late. The banking sector is the heart of the global financial system, and problems in major institutions can lead to economic collapse. This poses significant risks to global economic stability.
Investment in Gold, Silver, and Bitcoin
To safeguard his wealth, Kiyosaki continues to invest in physical assets like gold, silver, and Bitcoin. He considers these assets to be real money, unlike fiat currency which he calls 'fake money' vulnerable to inflation and government manipulation. By investing in assets with intrinsic value, Kiyosaki believes he is protected from the negative impacts of the global economic crisis he predicts. The policy of printing money to cover budget deficits of major countries increases the global economy's dependence on debt, leading to inflation and eroding trust in conventional financial instruments.
Robert Kiyosaki's economic forecasts emphasize the importance of understanding the origins and structure of global debt and the necessity of diversifying investments in times of instability.
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