Rich Dad Poor Dad author Robert Kiyosaki says that the stock market meltdown that he predicted years ago is now underway.
The best-selling personal finance author tells his 2.7 million followers on the social media platform X that he thinks the US is staring at the possibility of entering a period of severe economic depression.
[adinserter block="1"]“In my book Rich Dad’s Prophecy, I warned that the biggest stock market crash in history was going to wipe out the financial security of millions of investors… That stock market crash arrived today. We are definitely in a RECESSION and more than likely…a DEPRESSION.”
Kiyosaki says he sees three “non-Wall Street” assets coming out on top amid the stock market collapse.
“What can a person do?
As I have been suggesting for years, I suggest looking at non-WALL STREET assets.
For many years, I have suggested saving real gold, real silver, and today BITCOIN.”
Kiyosaki says that the Fed and the Treasury will likely debase the US dollar in an effort to prop up the economy. He notes that dollar debasement will lead to inflation and higher prices for scarce assets like gold, silver and Bitcoin (BTC).
“WHY: Because after this paper market crash wipes out millions of fake paper assets. Odds are the Fed and Treasury will turn the printing presses on FULL SPEED, printing trillions in fake money, which becomes even more FAKE. And real money – Gold, Silver, and Bitcoin – go up in value.
Remember, gold, silver, and Bitcoin ARE NOT going up in price. What is happening is the dollar is going down in value, causing everything of value, such as food, housing and energy to become more expensive, a.k.a. INFLATION…
Take care. There are going to be rough storms ahead.”
At time of writing, Bitcoin is trading for $83,416.
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