Robert Kiyosaki, Author of Rich Dad Poor Dad Warns of US Stock Market Crash

Robert Kiyosaki, famously known worldwide for his bestselling book “Rich Dad Poor Dad,” has recently warned more about the fear of depression and a severe stock market crash.
Robert Kiyosaki is not on the list of billionaires; however, he is estimated to have over $100 million net worth. He has often pointed out that he doesn’t invest in stocks and Bonds, but he invests a proportionate amount of his net worth in Gold, Silver, and Real Estate. He calls Gold and Silver ‘God’s Money.’ However, Kiyosaki’s thoughts on Bitcoin have been negative in the past, but the author famously has been a positive supporter of Bitcoin on his Rich Dad radio show podcast.

Many analysts have been comparing the rise of AI to the Dot com bubble, when the market was in awe of the new technology and fear of missing out resulted in stocks and companies being heavily overpriced and eventually ended up in the dot com crash of 2000. 

We should state that Robert Kiyosaki is a vocal critic of the Current US Administration and the Joe Biden Administration and has strongly supported the previous Administration, the Donald Trump administration. He has been warning of a crash of massive scale for some time and has not been quiet in pointing out the policies of the current Administration that he did not like.

However, it is also worth noting that Robert Kiyosaki is not the only one warning of the market crash. British Billionaire Jeremy Grantham has recently warned of a possible 70 percent chance of a stock market crash in the upcoming years.

FOOTNOTE:

We are already in a state of hyperinflation. Prices of essentials (Food, Groceries, Fuel, etc.) have been skyrocketing. We should prepare for the events when markets are heading for a recession. By doing so, we will be better prepared to handle tough times, and we could take advantage of the situation. 

Quote: It is an unfortunate fact that we can secure peace only by preparing for war. John F. Kennedy