‘Rich Dad, Poor Dad’ Author Kiyosaki Warns: ‘Banking Crash Begun’

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As a seasoned investor who has weathered numerous market storms, I must admit that Robert Kiyosaki’s latest warning about the U.S. banking sector has piqued my interest. His prediction of a potential crash, echoing his long-held skepticism, resonates with me, given my own experiences in navigating the turbulent waters of finance.

As an analyst, I recently took note of Robert Kiyosaki’s latest insights on the financial landscape, particularly his warning about the U.S. banking sector. In line with his perspective, it appears that a significant downturn in the banking industry might already be underway. The recent shutdown of an Oklahoma bank serves as a notable marker for this potential crisis.

He cautions that both bonds and the commercial real estate markets are at high risk of following the banking sector into a downturn, underscoring his long-standing concerns about the state of the financial system.

A financial crisis appears to be unfolding. An Oklahoma bank has closed its operations. It’s advisable to keep a close eye on the bond and commercial real estate markets, as they may experience turbulence next. Stay cautious.

— Robert Kiyosaki (@theRealKiyosaki) November 2, 2024

Robert Kiyosaki has often expressed concerns about the state of the banking sector within the U.S. economy, and its impact on the global economy given that everything seems to revolve around the U.S. Dollar. To him, the dollar is not a genuine representation but rather a flawed product stemming from a corrupted and malfunctioning monetary system with no prospect of regaining its original value.

As a result, the author predicts the worst crisis since the Great Depression of 1929.

How to “take care,” according to Robert Kiyosaki

Instead of salvation, he perceives it in scarcely available resources like gold, silver, and Bitcoin. The cryptocurrency has been nicknamed “the people’s money” by Kiyosaki due to its decentralized character and sudden emergence.

According to the best-selling author, he believes that the scarcity and inherent worth of these assets are the most effective methods for preserving wealth during the intense turmoil in the financial markets, a situation which has already become quite severe.

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2024-11-03 14:36