The world renowned author of best-selling finance book ‘Rich Dad, Poor Dad‘ is warning of an economic crash like the world has never seen before.
Robert Kiyosaki, who will tour Australia later this month, says he can’t predict when it will happen, but the “foreshocks are sounding right now.”
“Unfortunately we had a big crash in 2000, they called it the dotcom crash, then in 2008 it was the subprime real estate crash. The next is going to be the biggest of all,” Mr Kiyosaki told news.com.au
Mr Kiyosaki says the United States’ constant printing of more money, known as quantitative easing, is inflating a large bubble.
“I’ve always been a gold bug. My latest book coming out is called Fake. There’s so much fake money. In 1971 Nixon took the dollar off the gold standard and the US dollar became fake money,” he said.
“The problem is it also became invisible, so they could print as much as they wanted. That’s why savers got wiped out.
“So for the average person, just buy some Aussie gold or silver coins from the Perth Mint. When the dollar goes down, gold goes up.”
What about Bitcoin?
Micky.com.au has found a Sane Crypto Podcast Episode, where Mr Kiyosaki speaks positively about the future of what he calls “cyber currencies.”
“I think it’s a wonderful idea,” he said.
“I talk about three types of money today.
“One is god’s money, which is Gold and Silver. (They) will be here after the cockroaches go extinct. It will always be here.”
“Then there’s government money … which is fiat currency … the dollar, the Yen, the Euro.”
“And then there’s people’s money, which is cyber currency.”
“I think the dollar is toast because Gold and Silver and cyber currency are going to take it out … The US dollar is a scam,” he said.
“I think we’re watching the end of the dollar. That’s what I’m saying.”