Robert Kiyosaki, author of the best-selling personal finance book ‘Rich Dad Poor Dad,’ has once again sounded the alarm about the looming major financial crash and warned about the ensuing starvation, as well as sharing his recommendations on how to best prepare.
Indeed, Kiyosaki interviewed Chris Martenson, the author of the re-released book ‘The Crash Course,’ which deals with a series of crises experienced by the world and their interconnectedness, in the episode of The Rich Dad Radio Show streamed on February 22.
Commenting on Martenson’s book, which he called “a book of prophecy” as he “was warning us what was going to happen,” Kiyosaki touched upon his own prophetic work, suitably titled ‘Prophecy,’ implying that the biggest stock market crash in history was still coming.
“When the 2008 crash hit, that didn’t fix the problem, it made it worse. So it was easy to predict why the biggest crash was coming. And I think we’re in it right now.”
Furthermore, the ‘Rich Dad Poor Dad’ author voiced his pessimistic expectations of the incoming famine and the resulting social unrest, along with suggestions on how to weather this crisis:
“One of the forecasts I see, you know, the pessimists like me, they say starvation is coming. So I tweeted my solution is buy cans of tuna fish. (…) I caught hell for it and almost got shadow banned for recommending tuna fish.”
Kiyosaki stressed his ‘five G’s’ on how to survive any economic recession, including grub, ground, gasoline, guns, and gold, stressing that “[you] gotta have ground for food, gasoline for your car, (…) guns, gold. I’ve been preparing for years, and it just sits there.”
Earlier, Kiyosaki expressed concern that the rising inflation would “wipe out 50% of the U.S. population,” as well as that retirement plans and pensions would be unpayable in case the stock market crashes, as Finbold reported in April 2022.
According to him, fiat money no longer has value due to inflation and central banks overprinting it. As he explained:
“You can go anywhere with gold and silver, and they say, “welcome!” You go with this stuff [paper money], they go, ‘we don’t know what its value is anymore ’cause they’re printing so much of it.’”
Notably, Kiyosaki has been warning of a “giant crash coming” for some time now, including in mid-February when he explained that the United States Federal Reserve was “forced to print billions in fake money,” which is how he described the U.S. dollar.
Alongside silver and gold, Kiyosaki has praised Bitcoin (BTC) as one of the three “hottest subjects on earth,” referring to the flagship decentralized finance (DeFi) asset as “people’s money” and attributing its bullish rally earlier this year to the increasing demand for alternative investment products.
In late January, he also warned of the “rough landing for the world” as the result of soaring “bad news, bankruptcy, unemployment, [and] homelessness.” suggesting investing in precious metals and Bitcoin as valuable assets that could weather the economic storm.
Featured image via Cavaleria Com YouTube
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