After sounding the alarm on the possibility of an unfolding major financial crisis, accompanied by bank failures, the United States dollar losing its position as the global reserve currency, and the stock market collapse, Robert Kiyosaki now expects the worst real estate market crash in the country’s history.
Indeed, the prominent investor and author of the best-selling personal finance book ‘Rich Dad, Poor Dad’ believes the “greatest real estate crash ever” is looming, comparing the prices of office towers in San Francisco in 2019 and today in his tweet on June 8.
According to Kiyosaki, who continues to question the political leadership in many of the affected cities, the 2023 crisis will overshadow the Great Recession of 2007-2009, and the only way to protect oneself is to invest in gold, silver, and Bitcoin (BTC):
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“Greatest Real Estate crash ever. 2008 was the GFC. 2023 will make 2008 GFC look like nothing. In 2019 Office Towers in San Francisco were hot. In 2023 same buildings have lost 70% of value. What will WOKE cities do with office buildings? Homes for the homeless. Get G, S, BC.”
Continuous warnings
Indeed, the financial educator has been warning of the dark times for a while now and has been particularly critical of the current political landscape in the US, led by President Joe Biden, which he blames for the crashing economy, as well as the “communist” and “criminal” financial and educational system in the country.
Likewise, he has labeled the US fiat currency as “toilet paper” and “fake money” that he argues will flood America in the form of an “economic tsunami” and “tidal wave” as the world rejects its dominance, advising his followers to buy Bitcoin and other alternative assets as insurance against the deadly consequences of systemic inflation and corruption.
More recently, Kiyosaki has alerted his viewers of the potentially wide-reaching dangers of holding their money in small, regional banks, which he believes could follow their larger counterparts in crashing but without the prospect of bailouts by the government as the US is “sitting on the edge of a great depression,” Finbold reported on May 24.
Featured image via The Rich Dad Channel YouTube
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