According to ChainCatcher, Robert Kiyosaki, the author of Rich Dad Poor Dad, stated that Wall Street rescued LTCM in 1998 and the central bank rescued Wall Street in 2008. Each crisis has become larger, with the problems starting in 1971 when Nixon abolished the gold standard for the dollar.
He predicts that the next crisis may be triggered by the collapse of $1.6 trillion in student loan debt. Kiyosaki suggests that most people should save physical gold, silver, and Bitcoin for self-rescue, rather than buying ETFs.
