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Learning & News => News related to Crypto => Topic started by: sirty143 on February 09, 2024, 12:38:31 PM

Title: Robert Kiyosaki's Stark Warning: World Economic Crash on Horizon, No Soft Landin
Post by: sirty143 on February 09, 2024, 12:38:31 PM
Robert Kiyosaki's Stark Warning: World Economic Crash on Horizon, No Soft Landing Expected

Rich Dad Poor Dad author Robert Kiyosaki has reiterated his concerns about the U.S. economy, predicting investor losses amidst bank failures and a global economic crash... See more for yourself here (https://news.bitcoin.com/robert-kiyosakis-stark-warning-world-economic-crash-on-horizon-no-soft-landing-expected/).

Your opinion is greatly appreciated.

Title: Re: Robert Kiyosaki's Stark Warning: World Economic Crash on Horizon, No Soft Landin
Post by: Baofeng on February 09, 2024, 02:05:34 PM
Don't get me wrong, I'm a fan of Robert Kiyosaki, but lately he has been in active in social media. Not sure what it will meant to us, however, I'm seeing that as some kind of clout or gaining public attention?

And he has been giving warnings about the economic crash, but I'm sure we all know that this is what really happening. Lots of things, there is still the war between the Russian and Ukraine, and then the proxy war between the US and Iran, and the war in the M.E.

It could be true about his warning or what's not, but we all know that there are geo-political events around the world that will give negative impact to the financial and could cost economic crash.
Title: Re: Robert Kiyosaki's Stark Warning: World Economic Crash on Horizon, No Soft Landin
Post by: Don Pedro Dinero on February 09, 2024, 04:16:09 PM
Quote from: Baofeng on February 09, 2024, 02:05:34 PM
And he has been giving warnings about the economic crash, but I'm sure we all know that this is what really happening.

He has been issuing such warnings for a long time. He also said that there would be an unprecedented crisis like the crash of 29 a few years ago and then when he admitted he was wrong he said that he had not foreseen the massive printing by governments. Now we don't know whether he will be right or wrong, because governments can continue printing at the cost of devaluing the currency, which is the hidden tax on the population.
Title: Re: Robert Kiyosaki's Stark Warning: World Economic Crash on Horizon, No Soft Landin
Post by: Baofeng on February 10, 2024, 12:57:37 AM
Quote from: Don Pedro Dinero on February 09, 2024, 04:16:09 PM
Quote from: Baofeng on February 09, 2024, 02:05:34 PM
And he has been giving warnings about the economic crash, but I'm sure we all know that this is what really happening.

He has been issuing such warnings for a long time. He also said that there would be an unprecedented crisis like the crash of 29 a few years ago and then when he admitted he was wrong he said that he had not foreseen the massive printing by governments. Now we don't know whether he will be right or wrong, because governments can continue printing at the cost of devaluing the currency, which is the hidden tax on the population.

And that's exactly my point, for me we love his book and maybe majority of us here learn a thing or two as far as his financial advise. But I will take a grain of salt moving forward about his warnings.

Again, as I have said, he could have found some success in the media and that's why he was trying to take advantage of it.

Before it was his book that brought his name into attention. Now it's very different, his face is all over from youtube to tiktok.
Title: Re: Robert Kiyosaki's Stark Warning: World Economic Crash on Horizon, No Soft Landin
Post by: Z-tight on February 10, 2024, 01:12:32 AM
I agree that people should buy gold, BTC or silver, instead of storing fiat which depreciates in value, it is better to buy assets that appreciate in price, especially in the long term. The global economic situation is bad, but i don't know if it would get as bad as Robert Kiyosaki thinks it would, i still believe the u.s. dollar is very strong and the u.s. economy is also healthy, so things would not go as bad in the u.s. as it would happen in other parts of the world.
Title: Re: Robert Kiyosaki's Stark Warning: World Economic Crash on Horizon, No Soft Landin
Post by: Jating on February 12, 2024, 12:12:43 AM
Quote from: Z-tight on February 10, 2024, 01:12:32 AM
I agree that people should buy gold, BTC or silver, instead of storing fiat which depreciates in value, it is better to buy assets that appreciate in price, especially in the long term. The global economic situation is bad, but i don't know if it would get as bad as Robert Kiyosaki thinks it would, i still believe the u.s. dollar is very strong and the u.s. economy is also healthy, so things would not go as bad in the u.s. as it would happen in other parts of the world.

Some of the most notable countries have bounce back at least after the pandemic and on the road to recovery. And with that, I agree that by now, we shouldn't take every word by this so called financial experts.

Greenspan for one has bee telling us about the crash and financial fall out since we can remember, 70's-80's?

And yet if ever there is a financial crisis, countries recover and continue to go.

If I'm Robert, just probably stick with the subject of his book.
Title: Re: Robert Kiyosaki's Stark Warning: World Economic Crash on Horizon, No Soft Landin
Post by: Nwada001 on February 12, 2024, 11:04:45 AM
Quote from: sirty143 on February 09, 2024, 12:38:31 PM
Your opinion is greatly appreciated.
With the frequent increase in interest rates and the printing of foreign currency without limits, the financial system is already set to fall if action is not taken against some financial policies to tackle that.
 
In a world of economic downturn, crypto currency and some other valuable raw assets are the only escape plan to prevent total breakdown.

If you continue to save and have a large amount of money in your bank account, you will see the volume the same, but inflation will render those funds useless. It's better to start taking precautions now that there is still time to move your reserves out of fiat and invest more in bitcoin, gold, and silver.
Title: Re: Robert Kiyosaki's Stark Warning: World Economic Crash on Horizon, No Soft Landin
Post by: TomPluz on February 12, 2024, 12:14:46 PM
Quote from: sirty143 on February 09, 2024, 12:38:31 PM

Rich Dad Poor Dad author Robert Kiyosaki has reiterated his concerns about the U.S. economy, predicting investor losses amidst bank failures and a global economic crash. Your opinion is greatly appreciated.


Personally, I am in agreement with his own assessment of what can be coming to the global economy most especially in the USA side which can be so bad because the fall of USA can be affecting all of the global stability considered still so fragile coming from the effects of the pandemic. Now, we should understand that warnings may not be happening immediately that is why some people may conclude that those bringing the warning can be wrong but eventually things will happen at the appointed time. As usual, Kiyosaki's mantra is "Buy gold, silver and Bitcoin" as a hedge of this coming economic fallout. The recent news on New York Community Bank is a telltale sign that things are not yet so right with the banking industry of USA and spots of weaknesses can still be found. Better be prepared than be caught with our pants down. People who are already in Bitcoin can be considered to be lucky as we can then use it as our safe haven financially speaking. Now, having said the above, I am still wishing that this warning from Robert Kiyosaki will not come true.



Title: Re: Robert Kiyosaki's Stark Warning: World Economic Crash on Horizon, No Soft Landin
Post by: trendcoin on February 13, 2024, 12:14:22 AM
Global reserve currencies have never been permanent. History is full of examples of this. What happened to countries like Portugal, France and the Netherlands in the past will undoubtedly happen to the US. However, it is not easy to accurately predict the timing of this. The dollar's status as the global reserve currency will come to an end one day... I am an accumulator of fixed assets such as gold and Bitcoin, and I can say that I am in line with Robert Kiyosaki in this regard...
Title: Re: Robert Kiyosaki's Stark Warning: World Economic Crash on Horizon, No Soft Landin
Post by: ustcoin on February 13, 2024, 02:26:45 PM
Currently, there are many people in the world who do not know the existence of crypto money. What Robert says will definitely happen, but at least 15-20 years are needed for this. The crypto industry is still in its infancy. It approved Bitcoin as Sec ETF and it gradually became known all over the world.
I wonder if Robert's rich father made this comment? 😂
Title: Re: Robert Kiyosaki's Stark Warning: World Economic Crash on Horizon, No Soft Landin
Post by: SamReomo on February 13, 2024, 02:48:22 PM
Although, I'm not a follower of that Robert Kiyosaki but I believe whatever he's saying this time is correct. He's very right about Dollar and his thoughts about Bitcoin, Gold and Silver are also correct.

I think I would go more favorably with Bitcoin than Gold or Silver because it's going to be much helpful if economy crashes. In fact he's now supporting Bitcoin and it's concept fully and that's why I think I respect that guy.
Title: Re: Robert Kiyosaki's Stark Warning: World Economic Crash on Horizon, No Soft Landin
Post by: philipma1957 on February 14, 2024, 05:46:53 AM
yeah we needed a drop and did not get one. we need interest drops next two adjustments or we will certainly crash and burn 🔥.

when ever we go flat for a lot of adjustments after raising we crash and burn.

i give it a 50-50 shot at a crash
Title: Re: Robert Kiyosaki's Stark Warning: World Economic Crash on Horizon, No Soft Landin
Post by: Captain Corporate on February 15, 2024, 06:55:15 AM
This dude has always felt a little too weird for me. I mean he is saying the most obvious stuff and expects us to give him credit for it when it happens? We all know and aware that the markets are not going to just stay strong, of course its going to crash again, big time, and we are not really asking for a reward for it. The reality is that we are going to end up with some smart investment if we are lucky, but that's about it. We need to just focus on what we could do and hopefully if we can do something about it then we could do that, nothing more than that. I get that he wrote a best selling book, but he did nothing after that.
Title: Re: Robert Kiyosaki's Stark Warning: World Economic Crash on Horizon, No Soft Landin
Post by: Z-tight on February 15, 2024, 05:39:59 PM
Quote from: Jating on February 12, 2024, 12:12:43 AM
Some of the most notable countries have bounce back at least after the pandemic and on the road to recovery. And with that, I agree that by now, we shouldn't take every word by this so called financial experts.
You are right that recovery has started for many countries, but inflation is still a problem and countries also face set backs on the road to recovery. Take note that i am not agreeing with 'financial experts' on what they predict, but fiat currencies depreciate and leaving funds in the bank is not a smart thing to do, so buying assets like BTC is very important.