Financial writer and investor Robert Kiyosaki has issued another warning, stating that “a financial crash is accelerating.”
In characteristic fashion, the Rich Dad Poor Dad author said in a post on X that panic is spreading as investors continue withdrawing capital from private credit funds.
Kiyosaki also referenced commentary from financial analyst Jim Rickards, who argued the United States may already be entering what he calls a “New Depression.”
‘A new depression is coming’?
According to Kiyosaki, private credit markets are under a lot of stress because investors are withdrawing capital. Far from a localized issue, this trend, he suggested, could soon affect larger financial institutions, too.
Although he provided no specific data or examples to back his claims, the investor let his followers know that “major big-name banks and brand-name financial institutions are in trouble.”
The solution? Continued exposure to alternative assets. Specifically, Kiyosaki promises to keep allocating capital to commodities such as oil and precious metals, as well as digital assets including Bitcoin (BTC) and Ethereum (ETH).
“Smart money” vs. panic selling
Kiyosaki has also argued that the current economic environment could lead both to new opportunities and losses, depending on how investors tackle it.
According to the author, those with more experience tend to accumulate assets during downturns. Conversely, newcomers often panic and sell. The latter, Kiyosaki says, are in the wrong, acting like “headless chickens.”
“Booms make smart money richer and so do crashes,” he concluded, punctuating his post by asking his followers to “please take care” and be careful with their money.
Featured image via Ben Shapiro’s YouTube
Source: https://finbold.com/robert-kiyosaki-warns-the-financial-crash-is-accelerating/
