According to Odaily, Robert Kiyosaki, author of 'Rich Dad Poor Dad,' has stated on social media that the largest stock market crash he predicted in his book 'Rich Dad's Prophecy' has arrived. He claims the current economy has entered a recession and may fall into a depression. Kiyosaki advises investors to focus on non-Wall Street assets, particularly physical gold, silver, and Bitcoin.
Kiyosaki highlights that after the collapse of paper asset markets, the Federal Reserve and the Treasury Department might resort to extensive money printing, which would lead to an increase in the value of gold, silver, and Bitcoin. He emphasizes that the rise in these asset prices actually reflects a decline in the value of the dollar, resulting in higher prices for essentials such as food, housing, and energy, indicating inflation.
