IMPORTANT POINTS:
- Robert Kiyosaki believes that the US economy is headed for a housing crisis worse than the one that happened in 2008.
- “In 2019, office towers in San Francisco were all the rage. In 2023 the same buildings have lost 70% of their value”, commented the author.
- The investor clarified that the dollar is “false money” and recommended that traders prepare and bet on safe-haven assets such as gold and Bitcoin.
Robert Kiyosaki has been warning for a long time of the possibility of seeing a financial crisis, the product of bank failures and the fall of the US dollar, which he has repeatedly classified as “false money” or “toilet paper“.
On this occasion, the author of “Rich Dad, Poor Dad” announced that “the biggest real estate collapse in the history” of the United States is approaching.
In a tweet he posted, Kiyosaki questioned the current political leadership, saying that the coming housing crisis will be bigger than the one that occurred in 2008. Furthermore, he recommended that the only way to protect yourself is to buy gold, silver and Bitcoin.
“The biggest real estate accident in history. 2008 was the CFG. 2023 will make 2008 GFC look like nothing. In 2019, office towers in San Francisco were all the rage. In 2023 the same buildings have lost 70% of their value. What will WOKE cities do with office buildings? Homes for the homeless. Get G, S, BC.”Kiyosaki.
Robert Kiyosaki warned of other dangers
The author’s last concern had been about the high inflation the United States was experiencing, to which he also recommended people to invest in Bitcoin.
On the other hand, he declared that it was dangerous to have money in small regional banks, when they began to fail in a domino effect. In this context, he warned savers to get their dollars out of there, since the US government would not rescue them, something that partially happened.
