Sunday, October 3, 2021

Robert Kiyosaki Foresees a "Financial Collapse" in October

The American investor and writer Robert Kiyosaki, also famous for having written the book "Rich Dad, Poor Dad", predicted that in October there will be a "big stock market crash".

Kiyosaki published in his Twitter account that the collapse will occur due to fixed income and short-term securities issued by the Federal Reserve and the US Treasury Department. According to the expert, this fall will drag gold, silver and bitcoin, so that in view of this situation he affirms that cash will be the best option to carry out any operation after the fall of the markets.

On Monday, the investor assured in the same space that US financial institutions and Wall Street should not be trusted, in relation to the recent scandals of senior officials of the Federal Reserve who invested personally in the same type of shares as those acquired by that entity, which brought them large profits.

Rich Dad, Poor Dad is a 1997 book co-authored by Kiyosaki and Sharon Lechter. It was on the New York Times bestseller list for more than six years. It has sold 32 million copies of the book in over 109 countries in 51 different languages.

Famed author and investor Kiyosaki has predicted a major stock market crash next month, noting that gold, silver and bitcoin may also collapse.

The businessman stated that "we would go to prison for what they did" and remarked that he prefers to bet on gold, silver and bitcoin. Last week Kiyosaki advanced that "a shutdown is coming" of the U.S. federal government due to the "lack of money".

"Democrats are blaming Republicans for the problem," and Chinese real estate giant Evergrande is also "out of money," he noted. "Get the message? Buy gold, silver, bitcoin, ethereum before the biggest collapse in history," he said from the social network.

Kiyosaki tweeted, "Giant stock market crash coming October. Why?  Treasury and Fed short of T-bills. Gold,silver, Bitcoin may crash too. Cash best for picking up bargains after crash. Not selling gold silver Bitcoin, yet have lots of cash for life after stock market crash. Stocks dangerous. Careful"

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