The author of the personal finance bestseller Rich Dad Poor Dad says the cause of the market crash is likely to be the high levels of debt the US has incurred so far.<\/p>\n
According to Kiyosaki, the US is the \u201cbiggest debtor nation in history\u201d due to the fiscal policies of the Federal Reserve.<\/p>\n
\u201cQ: What does the Fed do when they f**k up?<\/p>\n
A: 1987 Market Crash? PRINT fake dollars<\/p>\n
1998 [Long-Term Capital Management] LTCM collapse? PRINT fake dollars<\/p>\n
2019 Repo Market seizure? PRINT dollars<\/p>\n
COVID-19 Pandemic? PRINT fake dollars<\/p>\n
SILICON VALLEY BANK crash PRINT dollars<\/p>\n
It\u2019s not a new crisis\u2026 it\u2019s the same crisis getting bigger.\u201d<\/p>\n
The Rich Dad Poor Dad author says the solution to the approaching crisis is for people to \u201cstop saving fake\u201d US dollars and put their money in hard assets.<\/p>\n
\u201cStart saving real gold, silver, Bitcoin.<\/p>\n
Protect your wealth.\u201d<\/p>\n
Earlier this week, the best-selling author said<\/a> an asset bubble was on the cusp of bursting. According to Kiyosaki, the bursting of such a bubble would present him with an attractive entry opportunity for hard assets.<\/p>\n \u201cWhen bubbles burst, odds are gold, silver, and Bitcoin will burst too.<\/p>\n Good news.<\/p>\n If prices of gold, silver, and Bitcoin crash\u2026. I will be buying.\u201d<\/p>\n Follow us on X<\/a>, Facebook<\/a> and Telegram<\/a>   Generated Image: Midjourney<\/p>\n","protected":false},"excerpt":{"rendered":"The best-selling personal finance author Robert Kiyosaki is warning of a massive market crash on the horizon. Kiyosaki…\n","protected":false},"author":2,"featured_media":16047,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[64,63,99,13110,164,17493,44,17494,17495,1610],"class_list":["post-16046","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-au","tag-australia","tag-business","tag-debt","tag-economy","tag-market-crash","tag-news","tag-rich-dad-poor-dad","tag-robert-kiyosaki","tag-trading"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/16046","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=16046"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/16046\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/16047"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=16046"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=16046"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=16046"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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\nDisclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.<\/p>\n