Robert Kiyosaki, the renowned businessman and author of the successful financial book series Rich Dad Poor Dad, recently issued a stark warning about the potential for a global financial crisis. In light of this, he is advising people to consider investing in assets such as gold, silver, and Bitcoin as a means of protecting their wealth. Here is a breakdown of his key points and why he believes these investments are crucial.
Why Kiyosaki Distrusts the US Financial System
Kiyosaki is a vocal critic of the US government, Treasury, and Federal Reserve, which he refers to as a ‘Den of Thieves’. His distrust in the established financial governance system dates back to significant events in history, such as the replacement of silver coins with alloys in 1965 and the removal of the gold standard in 1971 by the Nixon administration. These actions have eroded his confidence in the US dollar and the economic system it dominates.
The Case for Gold, Silver, and Bitcoin
In Kiyosaki’s view, fiat currency is nothing more than ‘fake money’, and he advocates for investments in tangible assets like gold, silver, and Bitcoin. This is not a new stance for him, as he has previously expressed concerns about the credibility of fiat currency and its role in what he sees as a system designed to exploit people.
Criticism of Financial Planners and Education System
Kiyosaki is critical of financial planners, whom he believes often mislead individuals. Instead, he recommends taking control of one’s financial education by seeking out resources like YouTube videos to learn about money and investing independently. By empowering oneself with knowledge, he argues, individuals can better navigate the financial landscape and protect their assets.
In conclusion, Kiyosaki’s message is clear: in a time of financial uncertainty, it is crucial to safeguard wealth by investing in real assets and educating oneself about financial matters. By thinking independently and taking proactive steps to secure one’s financial future, individuals can better weather potential economic storms. As Kiyosaki’s warnings resonate with many, his advice to prioritize financial education and asset protection has never been more pertinent.