If we believe Kiyosaki's tweet, the global economy shows alarming signals reminiscent of the precursors to the stock market crash of the 1930s. It is about the rapidly growing US national debt, unstable central bank interest rates, and the printing of money in unlimited amounts.
Kiyosaki called the USA the largest debtor nation in history. As the investor expressed, printing money can only be done to pay bills, but this will continue only until a certain point in time. Millions of people lost their wealth during the Great Depression, and if people do not prepare for it now, history may repeat itself, the entrepreneur-writer is convinced.
He stated that he is currently relying on three assets: gold, silver, and bitcoin. The writer buys them for long-term storage and does not intend to sell. Kiyosaki wrote that in an unstable economy, he chooses those assets that can retain their value for a long time, because people have trusted them for years.
Kiyosaki mentioned Berkshire Hathaway (NYSE:BRKb) owner Warren Buffett and Quantum Fund co-founder Jim Rogers, writing that they sold all their stocks and bonds, and then converted their wealth into cash and silver.
Recently, Kiyosaki urged investors to put money into real assets rather than exchange-traded funds (ETFs) tied to bitcoin or precious metals. Earlier, Kiyosaki urged his followers not to hold US dollars, but to buy bitcoin and the cryptocurrency XRP.