Financial author Robert Kiyosaki has issued a warning about a possible 'Greater Depression' in the United States, claiming it may be a more serious downturn than that of the 1930s.
Economic Crisis: Kiyosaki's Warning
Kiyosaki points to rising debt levels on credit cards, increasing unemployment, and weakening retirement funds. He claims the financial system is breaking apart, necessitating preparations for more challenging conditions.
According to him, recent trade policies, including Donald Trump's push for tariffs, are fueling economic instability, which negatively impacts business confidence.
Prospects of Alternative Assets
Kiyosaki recommends investing in assets such as gold, silver, and Bitcoin. He predicts Bitcoin could reach $1 million by 2035, while gold may climb to $30,000 and silver to $3,000. He believes these assets can protect wealth during inflation and dollar depreciation.
Kiyosaki emphasizes the importance of promptly following financial guidelines to safeguard one's financial status.
Conclusion on Prospects and Preparation
Kiyosaki's warning has raised concerns within the financial and crypto sectors. His advice to recalibrate strategies and act quickly is garnering renewed attention. He argues that while the current economic crisis may push many into poverty, those who prepare in advance can create wealth.
Kiyosaki’s warning has sparked concern across the financial and crypto sectors, and his advice to shift strategies and move fast is gaining renewed attention.
