Robert Kiyosaki expects a market crash and economic crisis - do you believe it?

[avikz]

As per an article published on yahoo Finance, Mr. Robert Kiyosaki, who is famous for his book series known as "Rich dad poor dad", has issued a warning that a market crash and economic crisis is incoming.

Read it here: https://finance.yahoo.com/news/rich-dad-poor-dad-author-115446211.html?

Also, he said that he plans to buy gold, bitcoin, and real estate when the price goes down. Mr. Robert Kiyosaki is a prominent investor who has a net worth of more than 100 million dollars and also a supporter of bitcoin.

Do you think that a market crash similar to 2008 is indeed coming? If yes, then why? What are the indicators your follow to predict the market in general? Let's assume the crash is indeed coming then how would you like to prepare against it?

Let's discuss! 


 

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[pealr12]

Most of the technical analysis channels I follow seem to be very bullish despite having many similar posts like Kiyosaki out there, to be honest, I don't like reading all these very pessimistic articles like this even if it is good to have different knowledge of the market to get prepared, I really hope the crash even there will be any won't be very serious. The world is already going through a lot.

[DrBeer]

You can treat Kiyosaki in any way. But it is worth reading and comprehending it! The forecast of a fall in the global economy is more reality than it might seem. Here Covid19 "helped", and the impending collapse of the Chinese economy, and problems for the American economy, and therefore for the whole world.
Believe it or not, again, the thought of "buying gold, bitcoins and real estate when the price drops" is a call to very good action. Yes, first of all, do not forget the words - "when the price falls"

[The Sceptical Chymist]

Also, he said that he plans to buy gold, bitcoin, and real estate when the price goes down. Mr. Robert Kiyosaki is a prominent investor who has a net worth of more than 100 million dollars and also a supporter of bitcoin.

OP, are you familiar with who Rober Kiyosaki is?  If you were, you would know his statements about buying gold and whatever else are complete bullshit.  He's been saying the same thing over and over for years, and the fact is that he's a permabull on certain asset classes (like gold and silver).  And these kinds of predictions are being--and have been--made by the likes of him and Mike Maloney and Peter Schiff constantly. 

Just like the media and government, they want you to be living in economic fear or fear in general.  That makes it much easier to manipulate you to do things such as buying metals (in the case of Kiyosaki).  Don't fall for this crap, and my advice would be to just ignore him and others of his ilk.

[hatshepsut93]

When a person who constantly makes the same prediction does it again, there's really nothing special about it. If it was some prominent economist who actually makes in-depth analysis and is not known to have biases or ulterior motives, then it would be something that you would want to pay attention to.

Sooner or later we'll have a global economic crisis again, but this doesn't mean that those who warned about it were right - after all, if you make the same prediction over and over, you will get right eventually, but you will also be wrong most of the time. If they can't predict a close enough timing, such predictions are worthless.

[Gozie51]

Also, he said that he plans to buy gold, bitcoin, and real estate when the price goes down.
 

Can you now see a sense in what he is saying?
He is trying to spread fud and get hold of the market cheaply. I see manipulating of price.
As a big name he is capable of instigating market sentiment and get it to start dropping rapidly until he enters in. Anyway, I think times have changed. We can see correction and after that the market will stabilize.

[adaseb]

The guy has been making this prediction for years and he is always wrong. If you look at his Twitter you can go back and read all the posts and you will see everything. I remember every few months he makes these predictions and if I recall none of them came true.

I never read his books, even though many people swear by them. I just don’t think they would really help you. I think he is a great public speaker and writer but have you met anyone who he has actually made rich? Probably not.

[TheUltraElite]

Just another book writer who gets rich by selling books on how to get rich < does that rhyme?

Its a parody of the current world where you have people who are spending a lot on things that go to waste when they can save that money to buy assets while again reading books written by self-proclaimed gurus about how to save money but not doing it.

I always say that those who call for certain market movements are essentially doing it for their own gain. Being a permanent bullish person helps you to sell your assets when you want and at whatever price you want. It is a crowd control trick to get more disciples and get rich yourself.

They promote bitcoin does not mean that their motives are selfless, it is quite the opposite.

[davis196]

Yeah,Robert Kiyosaki is the ultimate financial oracle and all his predictions become true.
Jokes aside,a market crash/economic crisis is always on the menu,with the current fiat financial system.
The economy is pumped on steroids by the central banks and if the steroids(money printing/quantitative easing)stop,the economy will suffer a major shock.
However,a new great depression most likely won't happen,because the politicians and central bankers have learned their lessons.They will flood the economy with more newly printed money,every time a recession occurs.
The will be high inflation in the upcoming years,but I don't expect a recession/depression.

[Chrystora123]

When a person who constantly makes the same prediction does it again, there's really nothing special about it. If it was some prominent economist who actually makes in-depth analysis and is not known to have biases or ulterior motives, then it would be something that you would want to pay attention to.

Sooner or later we'll have a global economic crisis again, but this doesn't mean that those who warned about it were right - after all, if you make the same prediction over and over, you will get right eventually, but you will also be wrong most of the time. If they can't predict a close enough timing, such predictions are worthless.

We all know that the world economy will sooner or later experience another crisis, so Kiyosaki's prediction is nothing new, he's just trying to be the fastest in conveying news about this.  The best preparation for facing an economic crisis that may occur in the future is to prepare long-term savings assets..

[crwth]

We had just come from a market crash last year, and I think to reach that point again can be quite inconclusive. It's not that it's not possible, but do you think the world can still take it? I'm curious about what could trigger it again. Is it going to be another pandemic or another typical problem that we humans must face?

I'm assuming he is enjoying the current market trend now if he could buy a lot of crypto at a low price.

[bakasabo]

Never heard that Robert Kiyosaki is good at making predictions. Anyone remember that some of his predictions really came true? I mean a prediction (just one exact) that he has made, and it happened like that. Not like making thousands of predictions and made a hit with only one. I dont expect from him an exact date of a market crash, but at least pointing on a month or a quarter can be good.

In the article I've read that he is predicting market crash for a long period already and his plans. I find this article not as a statement that the market will crash, but what one person will do if market crashes. His plans are logical, everyone will buy low. But he did not predict when this true low price time will come.

[takngantuk]

Do you think that a market crash similar to 2008 is indeed coming? If yes, then why? What are the indicators your follow to predict the market in general? Let's assume the crash is indeed coming then how would you like to prepare against it?

Let's discuss! 
 

post-pandemic effects and inflation, two reasons enough to make the market crash. I always look at the fundamentals for everything, and right now the chances of a market crash are very high. What I'm prepared to do is maybe move the portfolio to a more stable investment. and for the time being, don't hold Crypto as much as possible. and maybe buying gold isn't bad either, but I don't have any plans for this yet. and i will also stop for a moment to trade stocks and forex. I don't want to make a mistake, it's better to wait and watch the situation.

[Wexnident]

Hasn't his predictions always been like this? It's a loop really, he predicts, it fails, he does it again but his predictions don't change. It's just the same predictions always. It's the usual thing where "analysts" spread their so-called analysis and pretty much try to sway the market to how they want to move. Honestly, I think a discussion on what a person would do when an economic crash happens would probably be a lot better than about him.

And on that note, I hardly have anything prepared really, other than investing most of what I can into Bitcoin (and a bunch of other coins) right now.

[franky1]

a FIAT market crash(bear) is a btc market uptick(bull)
a FIAT market crash is indeed impending. it surrounds the pensions market sector of FIAT

there are two things
1)
during the 2008 crisis that affected many businesses. many whispers that businesses had emptied, dipped into their pension trusts of their employees to keep the business afloat, this means that in a few years/decades when its time for larger amounts of employees to retire, the pot of cash left for divvy out to retired employees is empty/dry
2)
many new pension schemes since the 1980's have made absurd promises to people which are just not even feasible to fulfil.('locks' guarantee end of career salary from pension age to life expectancy age)

imagine that at 25yo in 1980 you decided to start saving for retirement, you earned $50k a year in 1980 and salary inflated to $158k by 2020 and were paying in 15% pension for them 40 years ($565k)matched by employer(total $1.3m+inflation=$1.95m)

but on your 65th birthday you realise that although 1980's estimates had it that life expectancy was 76, meaning expecting an average of 11 years of life and expecting about an average of $158k income a year.. (sounded great in 1980 when you were only earning $50k) as the pension fund can afford the $1.73m payout of the $1.95m accumulated.

but now people live until 85years meaning 20 years of retirement, meaning $3.16m lump. but pension fund only accumulated $1.95m(bad news.. someones gonna lose or have promise broken)

what then happens is because the lock promises that you get end-of-career salary from retirement age till life expectancy age (65-85) many people then take out this $158k x 20($3.16m) as a lump sum. instead of as a regular income.
thus a pension company deficit of $1.22m per pensioner that does this.

leading to the pension fund drying up and unable to pay out to other people reaching pension age later on.
.......
this is why you are now seeing more people working passed their retirement age, with promises if they keep working and paying in, then they can get regular income pension. or they take the large single lump sum, knowing they wont get salary matching regular income.

pension funds promise the 'regular income' group things under the hope that those who continue working have bad health and reduce hours(get less salary) so their 'lock' amount when they do finally retire is less then official retirement age 'lock' they should have started claiming...

also they hope they can get old people to work themselves to death to never need to pay out.
but with good healthcare, even that evil pension fund hope wont transition to break even the pension fund loses

so yea. expect a pension funds implosion, once the pension funds run dry.
(first signs are a increase of % of people claiming lump sums instead of regular income/working for extra years)
its why you see government adverts trying to push more people into starting their pension plans at earlier ages, its become a ponzi to try keeping pension funds afloat

[mk4]

"even a broken clock is right twice a day."

He's no different from the likes of Peter Schiff; the difference is just that Kiyosaki has some bitcoin. If you call a crash every year, at some point you're going to be right; but that doesn't mean your portfolio is going to get optimal results.

[LogitechMouse]

Also, he said that he plans to buy gold, bitcoin, and real estate when the price goes down. Mr. Robert Kiyosaki is a prominent investor who has a net worth of more than 100 million dollars and also a supporter of bitcoin.

OP, are you familiar with who Rober Kiyosaki is?  If you were, you would know his statements about buying gold and whatever else are complete bullshit.  He's been saying the same thing over and over for years, and the fact is that he's a permabull on certain asset classes (like gold and silver).  And these kinds of predictions are being--and have been--made by the likes of him and Mike Maloney and Peter Schiff constantly. 

Just like the media and government, they want you to be living in economic fear or fear in general.  That makes it much easier to manipulate you to do things such as buying metals (in the case of Kiyosaki).  Don't fall for this crap, and my advice would be to just ignore him and others of his ilk.

I'm a big fan of Kiyosaki because he changed my mindset and the way I'm thinking about working. He is also one of the reasons why I'm not working for others right now and I let my money work for me.
Now that this is the case, I think that I will not follow most of what he is saying starting now especially in assets like Gold, Silver and Real Estate.
Expectations and predictions are almost the same. Its just they used different words but in the end, they don't know what will happen in the future accurately. Well, its possible that they are just spreading fear to all of the people to sell all of their holdings. In this case then, many will do the opposite including him. This is how an influential person is that powerful. They can manipulate assets at their own will if they want to.

[pieppiep]

He just tells people to be aware of the market crash and we know that will happen sooner or later but unfortunately, he doesn't know when that will happen. It seems he wants to use the market crash time for himself by buying bitcoin and altcoin because I think he is late to join in crypto. People who have already been in crypto for a long time will not be surprised by the crash because they know the crash will be there and only be careful that they can do and act based on the situations and use that moment for their own benefit. But

[ChiBitCTy]

Working in finance I am always seeing people making statements like these, and the vast majority (and I mean vast majority) are always wrong. While he may be saying this, there are plenty of other people who are speaking a different tune.  I just read a few reports from large banks like JP Morgan Chase and well known economists who believe that we have a lot more room to run.

The important thing to remember even if we have a market crash, don’t panic sell, stick to your plan !!

[avikz]

You can treat Kiyosaki in any way. But it is worth reading and comprehending it! The forecast of a fall in the global economy is more reality than it might seem. Here Covid19 "helped", and the impending collapse of the Chinese economy, and problems for the American economy, and therefore for the whole world.
Believe it or not, again, the thought of "buying gold, bitcoins and real estate when the price drops" is a call to very good action. Yes, first of all, do not forget the words - "when the price falls"

That's a very important part indeed - when the price falls! Now every individual would have a different limits set for themselves. For example, some may think to buy bitcoin when it falls down to 40k level and for some the market is already at the bottom. So it's interesting to see how Robert Kiyosaki thinks of a bottom at which he would start buying.

For a wealthy investor like him, would not be a big challenge. But for commoners like us, it would be a great deal of effort and money. But looking at the way various countries printing money, high inflation might kick off sooner than later!

[Betwrong]

I don't like people spreading panic, and from the comments above I see that this guy, Mr. Robert Kiyosaki, is one of those people. The more I read about him, the more it looks like he cares about one and one thing only - to sell more books. Also it looks like he's overall a shady person. So, I wouldn't trust him.

Regarding the possible upcoming market crash, I think it's inevitable at some point in the future, but I believe that humanity is evolving through previous crashes to cope with the next ones better.

[oHnK]

Economic conditions in the future will not be good because the reason is clear is a pandemic, but if it is said that the market will crash, it seems that all governments have prepared their anticipation as the US is currently doing in its policy of tightening money supply, tappering off and other policies.  If we worry too much, our thinking patterns will be divided into problems so that the investment decisions we make will be biased.

[Lucius]

Have you heard of Dr.Doom? I would also call the one in question this nickname, because these are people who have become rich by constantly talking about financial crashes, economic crises, and inflation. The thing is, we need to constantly find new naive people who will believe in it, because it is enough to read the comments below the article to get an insight into what people actually think about him. I believe he will make a lot more money, most who listen to him will lose.

This guy is notoriously known for pumping silver back in 2010/2011 saying silver was going to $6,000 per ounce.  Then, silver hit $50 and crashed.  Kiyosaki is a clown IMO.

This man has ZERO credibility. I actually was fooled and bought this man's book. I have lost a lot of money listening to this fool which made me a bigger fool.

[naira]

When a person who constantly makes the same prediction does it again, there's really nothing special about it. If it was some prominent economist who actually makes in-depth analysis and is not known to have biases or ulterior motives, then it would be something that you would want to pay attention to.

Sooner or later we'll have a global economic crisis again, but this doesn't mean that those who warned about it were right - after all, if you make the same prediction over and over, you will get right eventually, but you will also be wrong most of the time. If they can't predict a close enough timing, such predictions are worthless.

Do not forget what economic principles are issued, whether it is words, or things related to money, economists must benefit. Well as it is now being predicted and analyzed it also has the advantage of creating concerns out there. There will always be moments to take advantage of certain situations.

In fact, speaking of the crisis, America is starting to refuse to exacerbate its current inflation. Now what is happening is still in its early stages, so the possibility of a crisis could have started earlier and taken the world economists by surprise who eventually turned to Bitcoin investment. Their reasoning is that Bitcoin has nothing to do with the economy of any country's government, so if inflation occurs in a country Bitcoin can secure its finances for a long time.

[mu_enrico]

Hasn't his predictions always been like this? It's a loop really, he predicts, it fails, he does it again but his predictions don't change. It's just the same predictions always. It's the usual thing where "analysts" spread their so-called analysis and pretty much try to sway the market to how they want to move.

YES, I read a bunch of similar topics in 2017. I also agree that Kiyosaki is just like Schiff, basically predicting crisis while promoting another asset as hedging.
His book was okay tho since I gained some insight years ago before I studied economics. Looking back, his book is just mapping well-known essential stuff in business and economics.

[el kaka22]

Robert Kiyosaki doesn't understand finances as much as he claims he does. It has been established that he just simply supports the idea of "take out a loan, make profit with what you use that loan with, and eventually due to inflation that loan will not be too much in a few years and your networth will be above your debt", this isn't some grand idea that first came to him, hell people did this for thousands of years nowadays, even kings did it back in the day, took out loans from some high end banks or rich wealthy merchants, used that to rise up armies, pay those armies, take over a place and then pay those merchants back with the earnings of that won war.

In this case it is once again something very obvious, we are going to have "a crash" will we? Even a teenager would know that, this isn't some super magician economist type of thinking.

[so98nn]

[...]
Do you think that a market crash similar to 2008 is indeed coming? If yes, then why? What are the indicators your follow to predict the market in general? Let's assume the crash is indeed coming then how would you like to prepare against it?

Let's discuss! 

I am not sure if the crisis is incoming or not, but there is one sure thing: If next crisis is incoming then thats gonna be because of pandemic after effect. Let us not forget that pandemic has disrupted the commercial and technical circle of whole global supply chain. There are so many valuable things from biological products to electronics products who are awaiting and stand by for their raw material releases. Due to this shortage the prices are hiking slowly, giant industries get worst hit by this and eventually they has to increase the cost of finished goods. The inflation is for sure up coming chapter and so as followed financial crisis thereafter.

If this happens, then crypto currencies surprisingly will go upwards. Peeps gonna find it perfect place to invest their money and await the millions poured back to them when the crisis is over.

Kiyoski is right, gold is gonna be one of the favorite asset since its physical, scarce, and read to be sold at anytime anywhere! SO yeah, if the economy is gonna get down, make sure to have some bitcoin and gold handy.

[Oshosondy]

Do you think that a market crash similar to 2008 is indeed coming? If yes, then why? What are the indicators your follow to predict the market in general? Let's assume the crash is indeed coming then how would you like to prepare against it.

I do not know if the market will crash or not but I know the fiat will always decrease in value in a way what certain amount can buy before will not be possible later because of fiat decreasing value. Governments are always governments, they all the time find a reason to devalued their fiat. Even if the market will crash or not, I will invest, investment will make someone to get richer. I have extended some of my investment to bitcoin which I know will be effective against inflation.

[laredo7mm]

I don't like people spreading panic, and from the comments above I see that this guy, Mr. Robert Kiyosaki, is one of those people. The more I read about him, the more it looks like he cares about one and one thing only - to sell more books. Also it looks like he's overall a shady person. So, I wouldn't trust him.

That doesn't invalidate his concern about the economy. They are smart people and the way of their thinking is unique so it will be better to stay aware.

Regarding the possible upcoming market crash, I think it's inevitable at some point in the future, but I believe that humanity is evolving through previous crashes to cope with the next ones better.

Economic crisis leads to world war because the USA is losing its economic superiority and china is getting more powerfully economically. War in the middle east and Afghanistan also lose its priority. I am concerned that the USA wants to involve in indo pacific war that is upcoming. This war-loving country survives through war by selling its killing machine. This time not only economy but the whole humanity will crash due to a war escalated in the most densely populated area of the world.

[Hydrogen]

Do you think that a market crash similar to 2008 is indeed coming? If yes, then why? What are the indicators your follow to predict the market in general?

Somewhere in recent history, many of us ceased paying attention to economic fundamentals.

The current state of the US stock market became the prime indicator determining the welfare and health of the US economy. If the stock market rises, people assume the economy is doing well. If the stock market declines, people assume the economy is in a bad place.

In 2021 the US economy is in a strange place where many of its economic fundamentals are not the best yet the stock market continues to rise as if the economy exhibited good growth. Many look at the stock market rising and conclude it reflects the economy.

There was news of supply chain issues due to COVID-19 a few weeks before the big stock market crash of 2020. There was a long and pronounced delayed reaction between supply chain disruptions and the actual crash which ensued. I think we're in a similar situation now. A crash could be imminent, although we're witnessing a delayed reaction to it.

[stompix]

Also, he said that he plans to buy gold, bitcoin, and real estate when the price goes down. Mr. Robert Kiyosaki is a prominent investor who has a net worth of more than 100 million dollars and also a supporter of bitcoin.

Also, a guy who went bankrupt with his main company, a guy went and promoted real estate investments in 2006, and has a ton of lawsuits about his seminars. On top of that, just like the guys from zerohedge , he has predicted exactly 120 of the last two economic crises.
There is a huge difference in talking theories and actually carried successful investments, Kiyosaki completely failed at the second one.

Never heard that Robert Kiyosaki is good at making predictions. Anyone remember that some of his predictions really came true? I mean a prediction (just one exact) that he has made, and it happened like that.

He's one of the best contrarian indicators, just like many others, like a horse who wins with ods 200:1 , you can be sure that he will never win again in the next ten races if he gets one thing right that what comes out of his mouth next will be completely false.

2015
Author Robert Kiyosaki: 'Biggest' Market Crash Likely in 2016
https://www.newsmax.com/Finance/StreetTalk/Robert-Kiyosaki-stock-market-crash-invest/2015/12/03/id/704472/

2017
Why ‘Rich Dad’ author Robert Kiyosaki still thinks the market is about to crash
https://www.marketwatch.com/story/rich-dads-kiyosaki-hasnt-given-up-on-his-dismal-market-prediction-2017-02-28

2019
‘Rich Dad, Poor Dad’ Robert Kiyosaki on the looming market crash,
https://www.marketwatch.com/story/rich-dad-poor-dad-robert-kiyosaki-on-the-looming-market-crash-gods-money-and-why-hes-looking-like-a-genius-2019-06-25

[Leonardo7]

Kiyosaki said same thing when bitcoin was bullish and after which we saw some corrections, I sold off some of my cake and boom price spike. Well Kiyosaki never did advise me to invest in the crypto market. As regards the cryptocurrency market, it doesn't respect Kiyosaki.

[Rruchi man]

I don't think what is important should be if we believe or not, but how prepared we are for any unforeseen event like market crash and economic crisis. Always have emergency funds to fall back to, because believe or no believe will not save you from hardship if they occur. Make preparations is my best advice.

[Silberman]

As per an article published on yahoo Finance, Mr. Robert Kiyosaki, who is famous for his book series known as "Rich dad poor dad", has issued a warning that a market crash and economic crisis is incoming.

Read it here: https://finance.yahoo.com/news/rich-dad-poor-dad-author-115446211.html?

Also, he said that he plans to buy gold, bitcoin, and real estate when the price goes down. Mr. Robert Kiyosaki is a prominent investor who has a net worth of more than 100 million dollars and also a supporter of bitcoin.

Do you think that a market crash similar to 2008 is indeed coming? If yes, then why? What are the indicators your follow to predict the market in general? Let's assume the crash is indeed coming then how would you like to prepare against it?

Let's discuss! 


 

Like always the question is when will this happen? We all know that a crash is inevitable as fiat systems cannot and will not last forever, the pandemic has accelerated this process by forcing governments to print a lot of money too fast and now this is causing problems all around the world, but even then it is still not a sure thing that a crash will happen during the next years, still it is important to prepare ourselves, and buying bitcoin is without a doubt a good option for those that think there are difficult times ahead of us.

[batang_bitcoin]

I think I've heard him say that a year ago or two. We all do expect a crash is about to happen but maybe the one that he's expecting is the one that has happened already when the pandemic came. But if it's not then that's what we're talking about the bear market.
We don't know when that gonna happen but just as he's prepared to buy at the lowest, just do your own preparation just as he's expecting it to come.

[el kaka22]

Never forget that these whole market crashes are something you could take advantage of. If you are in crypto and you are growing your portfolio, that means during the recovery it will be able to recover a lot faster. Why? Because in order to increase the price of gold there needs to be trillions, in order to increase the price of tesla there needs to be god knows how many billions, but in order to increase bitcoin we just need people not selling at cheap, literally that's it.

As long as they do not sell for cheap, we are going to have a very little liquidity at the low levels and high liquidity all going into higher prices, it requires a lot less money to increase crypto, imagine buying 15 billion dollars worth of tesla and 15 billion dollars worth of ETH, which one would skyrocket more? Of course ETH would do. So be ready and if a crash comes, we will be better at crypto than any other fiat investment.

[Findingnemo]

We are already on the crisis right or only me? Government can say the fake metrics about inflation but where is the actual inflation rate is going isn't good for any economy and it may not be a crisis but it already made more people to become poor and stumbled lot of small and big business, now the omicron just started and worldwide lockdown is expected so possibly there will be a crisis.

[NeuroticFish]

We are already on the crisis right or only me? Government can say the fake metrics about inflation but where is the actual inflation rate is going isn't good for any economy and it may not be a crisis but it already made more people to become poor and stumbled lot of small and big business, now the omicron just started and worldwide lockdown is expected so possibly there will be a crisis.

Imho there's no financial crisis yet. High inflation doesn't necessarily mean crisis.
But after the blow many businesses got after COVID. the things don't look good. Something extra coming can easily start it. Will this Evergrande story be the trigger? May be. but aren't we "expecting" the crisis for some years already? We'll see.
Actually, I see that we already have, just a few posts before mine, a lovely list of predictions


However, I also don't agree that Bitcoin and gold will be the solution. I expect many whales cash in ASAP and keep their eyes open for market (bitcoin, gold, stocks, name it) crash (to buy back cheap) and for businesses to be taken over cheap.

[hugeblack]

As per an article published on yahoo Finance, Mr. Robert Kiyosaki, who is famous for his book series known as "Rich dad poor dad", has issued a warning that a market crash and economic crisis is incoming.

A financial crisis occurs every decade, and therefore, until the year 2025, the possibility of a global financial crisis similar to the year 2008, especially with the large print of money during the year 2020 and the repercussions of the COVID-19 crisis.

Therefore, with low interest rates, it is natural that holding cash is useless and thus a bubble in the stock markets.

Also, he said that he plans to buy gold, bitcoin, and real estate when the price goes down. Mr. Robert Kiyosaki is a prominent investor who has a net worth of more than 100 million dollars and also a supporter of bitcoin.

If he knows that the prices of gold, bitcoin, and real estate will go down, how does he plan to buy them? Is it using gold or real estate exchange or what?
The question is what is the best asset to keep to buy the rest of the assets when disaster strikes, and not what are the best assets that will return quickly.

[Findingnemo]

However, I also don't agree that Bitcoin and gold will be the solution. I expect many whales cash in ASAP and keep their eyes open for market (bitcoin, gold, stocks, name it) crash (to buy back cheap) and for businesses to be taken over cheap.

Yep, bitcoin and gold price may fall if there is another economic crisis but soon the price will recover which is actually going to make the rich investors more rich but for a common man it could end their life. Meanwhile if they have savings they better should invest on something than simply hoarding it because inflation increases the value of our currency will depreciate and it is going to be like that forever.

[kryptqnick]

I thought the economy was already in recession, so I'm not surprised. I've seen 2020 predicted as a year of the crash prior to Covid, and it's not like Covid made things better for the economy (see here, and here, for example). So, honestly, I'm surprised the economy didn't explode by now. And I don't think it's possible to completely avoid an economic crisis, I think it's only possible to delay it by a couple of years (which, clearly, has already happened). Okay, maybe not crises, but at least recessions are bound to happen quite regularly. But given the heavy impact of the pandemic, I think a crisis is only natural.

[teosanru]

As per an article published on yahoo Finance, Mr. Robert Kiyosaki, who is famous for his book series known as "Rich dad poor dad", has issued a warning that a market crash and economic crisis is incoming.

Read it here: https://finance.yahoo.com/news/rich-dad-poor-dad-author-115446211.html?

Also, he said that he plans to buy gold, bitcoin, and real estate when the price goes down. Mr. Robert Kiyosaki is a prominent investor who has a net worth of more than 100 million dollars and also a supporter of bitcoin.

Do you think that a market crash similar to 2008 is indeed coming? If yes, then why? What are the indicators your follow to predict the market in general? Let's assume the crash is indeed coming then how would you like to prepare against it?

Let's discuss! 


 

There is no discussion on this to be honest, these market gurus have a habit of predicting crash now and then and when such a thing doesn't takes place they very conveniently give some excuse or explanation which their fans easily digest, Robert Kiyosaki gave a very similar sort of statement in 2017 also, here you can see: https://www.marketwatch.com/story/rich-dads-kiyosaki-hasnt-given-up-on-his-dismal-market-prediction-2017-02-28 , But I have not seen market crashing anyway after that, market has gone down in cycles but something like the 2008 crash has never happened so, do your own analysis and stop bothering what these gurus say, if there is going to be a crash these people won't shout out these things loudly.

[Betwrong]

I don't like people spreading panic, and from the comments above I see that this guy, Mr. Robert Kiyosaki, is one of those people. The more I read about him, the more it looks like he cares about one and one thing only - to sell more books. Also it looks like he's overall a shady person. So, I wouldn't trust him.

That doesn't invalidate his concern about the economy. They are smart people and the way of their thinking is unique so it will be better to stay aware.

Yeah, but I'd rather listen to the concerns of real economists than of a shady businessman and author whose books advise illegal practices and "taking more debt on credit cards than one can handle and declaring bankruptcy whenever one's plans go awry". I mean, c'mon! Do you want to listen to him?

You don't have to be super smart to know that economic crisis is coming. It's like predicting in the evening that night is coming. Yeah, it is. But there will be morning again.

[Mauser]

Do you think that a market crash similar to 2008 is indeed coming? If yes, then why? What are the indicators your follow to predict the market in general? Let's assume the crash is indeed coming then how would you like to prepare against it?

Let's discuss! 
 

Predicting the next financial crisis is very hard, because we not only need to identify the area where the crash is coming from but also the timing. We could be right about the crash but be 2 years too early with our prediction, if we position our whole portfolio for a crash might lose money until the crash actually happens.
I don't believe that there is crash coming any time soon. We have been in this covid mess for 2 years now and the crash didn't happen. The covid recovery should have a positive impact on the economy. However I could be wrong, so having assets like gold, silver and crypto currencies would be good to protect us from a crash. Another investment that makes sense is real estate. If we own the apartment we live in than a crash will hurt us not as bad. Saving the monthly rent payments is helping a lot on difficult times.

[jrrsparkles]

Not because of he is saying, we are actually facing issues in the global economy even the developed countries so they printed more money as a temporary solution to bring the cashflow into their economy but it will affect the growth of the overall economy a lot in the future which is a depreciation of economy can also be considered as crisis.

[jaberwock]

I'd rather listen to the concerns of real economists than of a shady businessman and author whose books advise illegal practices and "taking more debt on credit cards than one can handle and declaring bankruptcy whenever one's plans go awry". I mean, c'mon! Do you want to listen to him?

You don't have to be super smart to know that economic crisis is coming. It's like predicting in the evening that night is coming. Yeah, it is. But there will be morning again.

Well, I do think that you have some points there. Normally with the way that things has been going, and everything that we have seen from last year till now, the government taking loans and printing more money, and all that, it is normal for anyone to say that there is going to be a breakdown on the economy.

Most countries did experience that, but that doesn’t mean that things would go down and not come up again. Same as you, I am not the type of person that likes it when people are trying to spread panic, but I do think sometimes that we also have to say things that we are supposed to say, no matter if is going to make people to panic or not. We don’t have to sugar coat everything at all times, sometimes you have to just say it as it is. But like I said at first, you do have some points there and I’m not against what you have said.

[Ozero]

A global economic crisis is possible. All states have spent a lot of capital on unprecedented measures to combat the coronavirus pandemic. Moreover, in my opinion, these measures are overstated and unjustified. Over the years of the pandemic, the economies of all countries have fallen dramatically, small and medium-sized businesses are in decline, prices and inflation are rising and breaking records. The economic crisis, and this is one of the possible scenarios for the development of events. At the same time, this is a really good opportunity for cryptocurrency to show itself as an anti-inflationary currency. Anything bad has something good.

[mindrust]

As per an article published on yahoo Finance, Mr. Robert Kiyosaki, who is famous for his book series known as "Rich dad poor dad", has issued a warning that a market crash and economic crisis is incoming.

Read it here: https://finance.yahoo.com/news/rich-dad-poor-dad-author-115446211.html?

Also, he said that he plans to buy gold, bitcoin, and real estate when the price goes down. Mr. Robert Kiyosaki is a prominent investor who has a net worth of more than 100 million dollars and also a supporter of bitcoin.

Do you think that a market crash similar to 2008 is indeed coming? If yes, then why? What are the indicators your follow to predict the market in general? Let's assume the crash is indeed coming then how would you like to prepare against it?

Let's discuss!  

This guy is a clown. He has been waiting for a market crash for years. Soon he will be right but now because he can predict the future. It will be because the markets crash every once in a while. Can you guess the time of the crash? You can't. Then why stay out of the markets?

You don't know how high the markets can get before it crashes. Every day the markets don't crash, you lose money if you are not invested in the markets.

[geegaw]

A global economic crisis is possible. All states have spent a lot of capital on unprecedented measures to combat the coronavirus pandemic. Moreover, in my opinion, these measures are overstated and unjustified. Over the years of the pandemic, the economies of all countries have fallen dramatically, small and medium-sized businesses are in decline, prices and inflation are rising and breaking records. The economic crisis, and this is one of the possible scenarios for the development of events. At the same time, this is a really good opportunity for cryptocurrency to show itself as an anti-inflationary currency. Anything bad has something good.

Well, accept to print more money, accept to open more budget and support and many strategies are being implemented at the same time but the pandemic is still not repelled by such methods, even Covid accepts the struggle in a persistent method full of new transformations, budget burnout as well as red alarms on people and assets are the current landscape of the economy. Victory is gradually being pulled towards the global economic crisis, the balance sign created by the governments of the countries is no longer a trace, maybe instead of doubting and holding on to a ray of hope, we should honestly prepare

[Coyster]

As per an article published on yahoo Finance, Mr. Robert Kiyosaki, who is famous for his book series known as "Rich dad poor dad", has issued a warning that a market crash and economic crisis is incoming.  

Well it's basically obvious that this person is just speculating to either cause panic/Fud, or just to trend on social media, only newcomers to the network will take this statement seriously, mind you also that the best thing to do is for one to carry out his personal research, if after doing so you come to the conclusion that there's going to be a crash/economic crisis, then you work towards somewhat curtailing it, my point is basically just this, do not allow someone else's opinion about the network/market influence you, cause the person can be absolutely wrong, just DYOR.

[EdenHazard]

I thought the economy was already in recession, so I'm not surprised. I've seen 2020 predicted as a year of the crash prior to Covid, and it's not like Covid made things better for the economy (see here, and here, for example). So, honestly, I'm surprised the economy didn't explode by now. And I don't think it's possible to completely avoid an economic crisis, I think it's only possible to delay it by a couple of years (which, clearly, has already happened). Okay, maybe not crises, but at least recessions are bound to happen quite regularly. But given the heavy impact of the pandemic, I think a crisis is only natural.

They are fall to a big name like robert kiyosaki and the likes.

guess that the media loved twisting shit all over the country. perfect match.
he wishes too much about how the crypto market growing a lot when people living in fear .. especially in US then bring those fear circle into crypto which so far it didnt work for him lol. unfortunately.

[pealr12]

They are fall to a big name like robert kiyosaki and the likes.

guess that the media loved twisting shit all over the country. perfect match.
he wishes too much about how the crypto market growing a lot when people living in fear .. especially in US then bring those fear circle into crypto which so far it didnt work for him lol. unfortunately.

This is his wish to see crypto market crash and then he will act like a genius, he fails to realize even if the crypto market will go down a lot it will always find its way back up and perform better than before, that keep spreading fud to bring panic in the market, the economy is already experiencing crisis since before covid and it gets worsen in covid, it is no longer news.

[Davidvictorson]

They are fall to a big name like robert kiyosaki and the likes.

guess that the media loved twisting shit all over the country. perfect match.
he wishes too much about how the crypto market growing a lot when people living in fear .. especially in US then bring those fear circle into crypto which so far it didnt work for him lol. unfortunately.

This is his wish to see crypto market crash and then he will act like a genius, he fails to realize even if the crypto market will go down a lot it will always find its way back up and perform better than before, that keep spreading fud to bring panic in the market, the economy is already experiencing crisis since before covid and it gets worsen in covid, it is no longer news.

Another way to look at crashes is like looking at earthquakes. We know markets do crash due to their nature. We know that earthquakes happen in California due to the nature of the earth's crust. If someone says a major earthquake will happen in California and at some point the earthquake happens, that person didn't give any new knowledge about earthquakes in California. They didn't predict the earthquake if they do not give any time and size information. They are just spouting the basic information we all know about earthquakes in California in general. The same can be said about those who say a crash in coming and at some point it does come, that person didn't give any new knowledge about crashes. They didn't predict the crash because they gave no predictive information like the size of the crash, the time frame of the crash, or the specific conditions that will lead to that specific crash.

[Silberman]

Never forget that these whole market crashes are something you could take advantage of. If you are in crypto and you are growing your portfolio, that means during the recovery it will be able to recover a lot faster. Why? Because in order to increase the price of gold there needs to be trillions, in order to increase the price of tesla there needs to be god knows how many billions, but in order to increase bitcoin we just need people not selling at cheap, literally that's it.

As long as they do not sell for cheap, we are going to have a very little liquidity at the low levels and high liquidity all going into higher prices, it requires a lot less money to increase crypto, imagine buying 15 billion dollars worth of tesla and 15 billion dollars worth of ETH, which one would skyrocket more? Of course ETH would do. So be ready and if a crash comes, we will be better at crypto than any other fiat investment.

True, however as more institutional investors come to this market and the price of bitcoin keeps increasing at some point the returns that bitcoin can give will become smaller, however even then due to its scarcity bitcoin will be forever a good option to protect yourself from the harmful effects of inflation, so I am not really worried about what it is to come, still it would be nice if the crisis that we know is coming did not happened immediately so it gave us more time to buy even more bitcoin.

[EdenHazard]

They are fall to a big name like robert kiyosaki and the likes.

guess that the media loved twisting shit all over the country. perfect match.
he wishes too much about how the crypto market growing a lot when people living in fear .. especially in US then bring those fear circle into crypto which so far it didnt work for him lol. unfortunately.

This is his wish to see crypto market crash and then he will act like a genius, he fails to realize even if the crypto market will go down a lot it will always find its way back up and perform better than before, that keep spreading fud to bring panic in the market, the economy is already experiencing crisis since before covid and it gets worsen in covid, it is no longer news.

Enough watching kiyosaki drama , i respect a lot him for being inspirational through his legendary books , i can say my life has changed because of him.
but this time , it's too much. he is exaggerrated things and seems to be desperated bout his holding in crypto.

despite that another covid wave hit europe now , i wish shit wont happened again in 2022. enough.

[boyptc]

Always a crash is anticipated.

A person like him that's diversified with his investments would scare out the little investors and do what he says. He's like condescending person who thinks he's the best in investments.

We can count his credentials and successes but people like always take advantage of their success to show it off to the people that everything they say is like what exactly is going to happen.

[fiulpro]

Let's wait for a second and ponder upon the thought:
Aren't we already experiencing the market crash??
Aren't we already in an economic crisis?
Don't you remember when one mast sold for like 10$ or something??
Aren't people already jobless, homeless, unable to recieve private or public care in the hospitals??

-We are already in an economic crisis, the governments can collapse any second of the day and the thing is, all of this is kind of hidden therefore there is no way to figure out when the things will take turn for the worst. I do think that you should also look into the debt and printing money regarding the US government as well.

[HardCore12V]

Yes I do but the timing might be wrong, what goes up most come down and crypto will always remain volatile no matter how huge the adoption rate is, since 2020 now crypto market have seen insane growth that has never happened before, if you keep thinking that this will keep up forever you are fooling yourself

[DaveF]

IMO yes there is a crash coming.
This is all Dave's opinion and nothing more.

1) There are a lot ob businesses out there that rely on cheap money / low interest rates. They have been deluding themselves that everything is fine since the crash in 2008 while borrowing insane amounts of money to stay afloat. Now that interest rates are going to rise they are going to implode....and blame everyone but themselves. That is going to be the start.

2) The 2nd part is going to be businesses who have not changed with the times. You can blame boomers / millennials / democrats / republicans but it does not matter. We are in a different world then we were in 2 years ago. It was going to change anyway, covid just made the changes faster. Is you restaurant not on Uber Eats / GrubHub / Door Dash. We;; guess what, you are going to loose a ton of business.

3) People who have been riding cheap credit the same way I have businesses in #1 above, sorry people shit is going to get real. Be prepared to sell stuff or loose your home.

And then it all comes tumbling down.

However, since the current younger generation has seen this in the 2000 crash and the 2008 crash they are going to be more prepared for it and adapt better and more quickly then the boomers that were fully in charge in 2000 / 08 (full disclosure I am VERY close to boomer age)


-Dave

[STT]

Sounds like he is holding US dollar notes hoping and waiting for the price of other assets to go down relative to that asset.   The note held by Robert is a debt note with a zero coupon and the value of dollar is not likely increasing because by design its being undermined.   The danger he is overlooking is not the asset prices crashing but the price of debt will fail and reflect its inability to outperform inflation in the cost of goods generally.
   A working asset will and should always do better then a non performing asset long term.  I understand speculation and supply can over take demand in the market cycle its true but there is also the danger of being caught holding something the world neither wants or needs.   Positive world GDP is billions of people who are poor but capable of productive work and they choose to buy commodities and things they require, the debt note we've held as money for so long may not always be as in demand as it appears now.

[Betwrong]

I'd rather listen to the concerns of real economists than of a shady businessman and author whose books advise illegal practices and "taking more debt on credit cards than one can handle and declaring bankruptcy whenever one's plans go awry". I mean, c'mon! Do you want to listen to him?

You don't have to be super smart to know that economic crisis is coming. It's like predicting in the evening that night is coming. Yeah, it is. But there will be morning again.

Well, I do think that you have some points there. Normally with the way that things has been going, and everything that we have seen from last year till now, the government taking loans and printing more money, and all that, it is normal for anyone to say that there is going to be a breakdown on the economy.

Most countries did experience that, but that doesn’t mean that things would go down and not come up again. Same as you, I am not the type of person that likes it when people are trying to spread panic, but I do think sometimes that we also have to say things that we are supposed to say, no matter if is going to make people to panic or not. We don’t have to sugar coat everything at all times, sometimes you have to just say it as it is. But like I said at first, you do have some points there and I’m not against what you have said.

I'm glad you are sharing my point of view. Thank you.

It's not uncommon these days to hear that an economic crisis/breakdown/recession is coming, but not many people are saying that we'd been through it before, and we've learned to deal with it effectively. I agree with you that sometimes we just have to say what's going on without sugar coating it. But especially these times we shouldn't forget mentioning that this is not the end of the world.

[Gozie51]

But especially these times we shouldn't forget mentioning that this is not the end of the world.

Even reading the books recorded from the past, we have seen so many revolution that has changed world order like the French Revolution and others yet the people survived and continued with the new system and what was left from the old system. During the recessions of the past, bigger economy like Germany helped many European countries to survive and life is still going on. This means the people will survive despite the hardship from the government policies and corruption.

[Mpamaegbu]

Also, he said that he plans to buy gold, bitcoin, and real estate when the price goes down. Mr. Robert Kiyosaki is a prominent investor who has a net worth of more than 100 million dollars and also a supporter of bitcoin.

Well, to start with, I didn't even think a lot of people know him as an investor. He's very popular for his books on wealth creation and I think he's better off that way. Write books and stick to them; it necessary doesn't mean because one wrote a book on economy that one will be most proficient at running a business. If it were so, the richest people on earth would be Professors of Economics. I'm of the opinion that the forecast by the Rich Dad Poor Dad author is an "either" thing. It could be or not be. However, if it doesn't come to past you won't get him owing up to it. They only do loud it once their predictions come to past like African pastors do.

To be honest, I don't see a repeat of the 2008 financial meltdown in 2022 especially now that Bitcoin and cryptos are here.

[Silberman]

I'd rather listen to the concerns of real economists than of a shady businessman and author whose books advise illegal practices and "taking more debt on credit cards than one can handle and declaring bankruptcy whenever one's plans go awry". I mean, c'mon! Do you want to listen to him?

You don't have to be super smart to know that economic crisis is coming. It's like predicting in the evening that night is coming. Yeah, it is. But there will be morning again.

Well, I do think that you have some points there. Normally with the way that things has been going, and everything that we have seen from last year till now, the government taking loans and printing more money, and all that, it is normal for anyone to say that there is going to be a breakdown on the economy.

Most countries did experience that, but that doesn’t mean that things would go down and not come up again. Same as you, I am not the type of person that likes it when people are trying to spread panic, but I do think sometimes that we also have to say things that we are supposed to say, no matter if is going to make people to panic or not. We don’t have to sugar coat everything at all times, sometimes you have to just say it as it is. But like I said at first, you do have some points there and I’m not against what you have said.

I'm glad you are sharing my point of view. Thank you.

It's not uncommon these days to hear that an economic crisis/breakdown/recession is coming, but not many people are saying that we'd been through it before, and we've learned to deal with it effectively. I agree with you that sometimes we just have to say what's going on without sugar coating it. But especially these times we shouldn't forget mentioning that this is not the end of the world.

After each crisis the economy recovers and in many instances it comebacks stronger than before, however I think the next crisis is going to be slightly different than the ones we have been experimenting so far as I think it will be a systemic crisis of the fiat system, if that is correct then it means that a new system will have to be implemented and something like that has not happened in more than 50 years, so the crisis that it is to come is probably going to be the worst that we could face during our lifetimes, and that is a scary thought.

[Ozero]

Not because of he is saying, we are actually facing issues in the global economy even the developed countries so they printed more money as a temporary solution to bring the cashflow into their economy but it will affect the growth of the overall economy a lot in the future which is a depreciation of economy can also be considered as crisis.

I am already surprised that until now the consequences of unprecedented tough measures to combat the coronavirus pandemic have not appeared. Due to too strong and often unjustified restrictions, small and medium-sized businesses suffered greatly, the states also incurred large expenses, which is why inflation is breaking records. It all depends on how states can cope with the increased burden on the economy. Therefore, a global economic crisis is possible, but it may not come.

[Betwrong]

But especially these times we shouldn't forget mentioning that this is not the end of the world.

Even reading the books recorded from the past, we have seen so many revolution that has changed world order like the French Revolution and others yet the people survived and continued with the new system and what was left from the old system. During the recessions of the past, bigger economy like Germany helped many European countries to survive and life is still going on. This means the people will survive despite the hardship from the government policies and corruption.

I really believe so. There are always people like Robert Kiyosaki around, who try to scare the sh*t out of gullible folks to become their guru, the one and only saviour, so to speak. Go pay for his high-priced seminars, buy his books, or how else can you survive these days! I would suggest to at least read this wiki article on him before buying his books.

[timerland]

I think that there will be a market correction in the stock market for sure.

However, I don't think that there is necessarily going to be an economic crisis other than the inflationary crisis that we have become accustomed to for a long time.

So long as you are well diversified across many asset classes (housing, cash, cryptos, metals), you will be all good.

[Hamphser]

I think that there will be a market correction in the stock market for sure.

However, I don't think that there is necessarily going to be an economic crisis other than the inflationary crisis that we have become accustomed to for a long time.

So long as you are well diversified across many asset classes (housing, cash, cryptos, metals), you will be all good.

Good if you do have those diversification but if not then you wouldnt really be having no choice but to choose on which one you would really be focusing on which means
that choosing which one would be hardest. Crashing markets is inevitable whether you do deal with stocks or crypto market then it could really happen which you should really be preparing
yourself out of these stuffs.You cant just ignore the possible scenarios that would happen or could be experienced along the way.
Dont get yourself dragged with other someones calls.

[RealMalatesta]

In the case where crypto market experiences market crash, then we should only hope for the best since we can't do nothing about this but keep on hodling as we'll wait for the market to be normal again.

Honestly, there's no use in talking negative things in the future as it will only build fear and depression. We will only cross the bridge once we went there. Despite all of this, i'll just focus on how to grow my investments now and take advantage on every good opportunities that come.

Another thing is that most times when you look at a situation like this, you wouldn’t eve know what to do about it. Having Bitcoin is good, but it is also a volatile investment and you wouldn’t know if it will go down anytime soon or not after you have invested in it.

And for that reason you cannot invest all your money in bitcoin, except part of it. Then after you have invested that little part of your money in bitcoin, the next question is what you do with the rest of it? You’re still going to keep them in your savings, and then hope to make  big profit from the little you have invested in bitcoin?

I would say it’s best to develop a business that would be very profitable, because that’s the one thing that can keep you going no matter whatever it is.

[freedomgo]

Also, he said that he plans to buy gold, bitcoin, and real estate when the price goes down. Mr. Robert Kiyosaki is a prominent investor who has a net worth of more than 100 million dollars and also a supporter of bitcoin.

Well, to start with, I didn't even think a lot of people know him as an investor. He's very popular for his books on wealth creation and I think he's better off that way. Write books and stick to them; it necessary doesn't mean because one wrote a book on economy that one will be most proficient at running a business. If it were so, the richest people on earth would be Professors of Economics. I'm of the opinion that the forecast by the Rich Dad Poor Dad author is an "either" thing. It could be or not be. However, if it doesn't come to past you won't get him owing up to it. They only do loud it once their predictions come to past like African pastors do.

To be honest, I don't see a repeat of the 2008 financial meltdown in 2022 especially now that Bitcoin and cryptos are here.

I do believe too that what we have this 2022 will be another story and history will never be repeated again. Crypto is very much different these days because it has improved a lot and massive adoption is slowly taking place. While in 2008, crypto is not that popular and even big institutions are not yet aware that bitcoin and the rest of cryptos are real and existing. But of course, having a market crash is inevitable but it won't be totally the same like what we had in 2008.

[wxa7115]

I think that there will be a market correction in the stock market for sure.

However, I don't think that there is necessarily going to be an economic crisis other than the inflationary crisis that we have become accustomed to for a long time.

So long as you are well diversified across many asset classes (housing, cash, cryptos, metals), you will be all good.

One of the thing with economic crises is that you will not know how big they will be until they end, some people argue that the economic crisis that is coming is not going to be that big, but there is no way to know for sure.

The economies of the world are very weak, inflation is high, the growth is low, the pandemic is still ongoing, the public and the private sector are heavily indebted, so when you think about it we have all the ingredients for a massive crisis, I would prefer it did not happened but at this point it seems inevitable to me.

[boyptc]

I think that there will be a market correction in the stock market for sure.

However, I don't think that there is necessarily going to be an economic crisis other than the inflationary crisis that we have become accustomed to for a long time.

So long as you are well diversified across many asset classes (housing, cash, cryptos, metals), you will be all good.

Yes, someone who has a diversified portfolio and investments can survive if there's a crash or correction that will happen. As it turned that when people sees the stock market going through a correction, they'll expect that the same would come to the crypto market.

But as said by the others, he's been talking the same correction again and again and with those cycles, it's really inevitable and it shall come no matter what.

[LUCKMCFLY]

As per an article published on yahoo Finance, Mr. Robert Kiyosaki, who is famous for his book series known as "Rich dad poor dad", has issued a warning that a market crash and economic crisis is incoming.

Read it here: https://finance.yahoo.com/news/rich-dad-poor-dad-author-115446211.html?

Also, he said that he plans to buy gold, bitcoin, and real estate when the price goes down. Mr. Robert Kiyosaki is a prominent investor who has a net worth of more than 100 million dollars and also a supporter of bitcoin.

Do you think that a market crash similar to 2008 is indeed coming? If yes, then why? What are the indicators your follow to predict the market in general? Let's assume the crash is indeed coming then how would you like to prepare against it?

Let's discuss! 


 

I have read books by Robert Kiyosaki and he is a great master investor, the truth is I admire him a lot, and if this man says that the economy is about to believe, I do believe it, also with all the announcements that Powell has given is of expect a blow like that, right now the entire world economy is under threat, I don't know if the pandemic is a warm cloth for them, and if it can somehow help reduce the possible world crash, in fact since 2018 Announcements of a possible fall are being given, and I think that the economic bubble cannot be sustained very well, it is best to heed their advice, buy gold, BTC, that is not a bad thing.

[TheUltraElite]

Go pay for his high-priced seminars, buy his books, or how else can you survive these days! I would suggest to at least read this wiki article on him before buying his books.

The main tactic is to scare the people and then sell them something that you made up calling that to be the saviour. That is how a person who writes books about getting rich actually gets rich, by selling the book not by reading what they just wrote.

Point is that many people actually take their advice and these people eventually gain a large following. This following if used properly, can be used to generate a lot of market demand for something useful but they use it for their own personal gains.

Unless someone understands this, you will not be able to stop them from following "self-proclaimed gurus". But you can try to point out fallacies and illogical facts in their statements for a start.

[Fortify]

As per an article published on yahoo Finance, Mr. Robert Kiyosaki, who is famous for his book series known as "Rich dad poor dad", has issued a warning that a market crash and economic crisis is incoming.

Read it here: https://finance.yahoo.com/news/rich-dad-poor-dad-author-115446211.html?

Also, he said that he plans to buy gold, bitcoin, and real estate when the price goes down. Mr. Robert Kiyosaki is a prominent investor who has a net worth of more than 100 million dollars and also a supporter of bitcoin.

Do you think that a market crash similar to 2008 is indeed coming? If yes, then why? What are the indicators your follow to predict the market in general? Let's assume the crash is indeed coming then how would you like to prepare against it?

Let's discuss!  

You don't need to be a genius to tell a crash is coming. A recession happens on average every 8 years, with short term dips every 3 years. It is the natural boom and bust of a capitalistic society, it has been going on for many decades now. Covid has thrown a lot of things out of whack so may be a disruption to the big boom that was happening, a lot of people have lost jobs but a lot of people were stuck in a position where they could save money which brought debt down. Boom cycles usually end when debt gets too high and turns to bust, but it just depends if more people were able to pay off debts than get into debt with the current pandemic going on. That might alleviate the current primer for a recession. The next recession is likely to be triggered by high inflation unless it gets under control, all those people on mortgages at 1-2% are going to lose their home when they cannot afford to remortgage at 6%+ in 5 years time - overpay as much of your mortgage as possible at these low rates people.

[Silberman]

As per an article published on yahoo Finance, Mr. Robert Kiyosaki, who is famous for his book series known as "Rich dad poor dad", has issued a warning that a market crash and economic crisis is incoming.

Read it here: https://finance.yahoo.com/news/rich-dad-poor-dad-author-115446211.html?

Also, he said that he plans to buy gold, bitcoin, and real estate when the price goes down. Mr. Robert Kiyosaki is a prominent investor who has a net worth of more than 100 million dollars and also a supporter of bitcoin.

Do you think that a market crash similar to 2008 is indeed coming? If yes, then why? What are the indicators your follow to predict the market in general? Let's assume the crash is indeed coming then how would you like to prepare against it?

Let's discuss!  

You don't need to be a genius to tell a crash is coming. A recession happens on average every 8 years, with short term dips every 3 years. It is the natural boom and bust of a capitalistic society, it has been going on for many decades now. Covid has thrown a lot of things out of whack so may be a disruption to the big boom that was happening, a lot of people have lost jobs but a lot of people were stuck in a position where they could save money which brought debt down. Boom cycles usually end when debt gets too high and turns to bust, but it just depends if more people were able to pay off debts than get into debt with the current pandemic going on. That might alleviate the current primer for a recession. The next recession is likely to be triggered by high inflation unless it gets under control, all those people on mortgages at 1-2% are going to lose their home when they cannot afford to remortgage at 6%+ in 5 years time - overpay as much of your mortgage as possible at these low rates people.

Exactly, which is why if someone has not done anything to prepare for the upcoming crisis the time to do it is now, I know there are a lot of obstacles as inflation is very high almost everywhere around the world but it must be done, an economic crisis does not wait for us and as such we need to be ready, and as you say one of the best ways to avoid the worst effects of the crisis is simply to not have any debts in place, that way even if the interest rates go up you have no debt which can be affected by this.

[TimeTeller]

Go pay for his high-priced seminars, buy his books, or how else can you survive these days! I would suggest to at least read this wiki article on him before buying his books.

The main tactic is to scare the people and then sell them something that you made up calling that to be the saviour. That is how a person who writes books about getting rich actually gets rich, by selling the book not by reading what they just wrote.

Point is that many people actually take their advice and these people eventually gain a large following. This following if used properly, can be used to generate a lot of market demand for something useful but they use it for their own personal gains.

Unless someone understands this, you will not be able to stop them from following "self-proclaimed gurus". But you can try to point out fallacies and illogical facts in their statements for a start.

And most of these "self-proclaimed gurus or experts" don't really know what they are saying as they are not the right person to talk about this topic.
Even if we say, he is a supporter of bitcoin. Did he provide tangible facts that may possibly influence this prediction in the market?
What are his basis of saying this possible market crash? Is he just saying this out of thin air because he knows some people will believe him because of his status?
Anyone is free to give their predictions in this market, but as a small holder or trader or even a big one, you should know what to look at and what to watch out for.

[Vaculin]

Go pay for his high-priced seminars, buy his books, or how else can you survive these days! I would suggest to at least read this wiki article on him before buying his books.

The main tactic is to scare the people and then sell them something that you made up calling that to be the saviour. That is how a person who writes books about getting rich actually gets rich, by selling the book not by reading what they just wrote.

Point is that many people actually take their advice and these people eventually gain a large following. This following if used properly, can be used to generate a lot of market demand for something useful but they use it for their own personal gains.

Unless someone understands this, you will not be able to stop them from following "self-proclaimed gurus". But you can try to point out fallacies and illogical facts in their statements for a start.

And most of these "self-proclaimed gurus or experts" don't really know what they are saying as they are not the right person to talk about this topic.
Even if we say, he is a supporter of bitcoin. Did he provide tangible facts that may possibly influence this prediction in the market?
What are his basis of saying this possible market crash? Is he just saying this out of thin air because he knows some people will believe him because of his status?
Anyone is free to give their predictions in this market, but as a small holder or trader or even a big one, you should know what to look at and what to watch out for.

If you want to be more reliable, then you should support facts and other solid basis so that people will believe on you not because since you are a writer but because you are knowledgeable too in all the things that you say. I guess having a market crash is still possible in the future but thinking that it will be like 2008, i don't think it will happen again. Crypto is now gaining people's trust and they start seeing it not just a good store of value but definitely as a legal currency. And what we have at the moment is already very different way back 2008, and many improvements are already taking place.

[STT]

FED policy effectively dictates a slow crash scenario or slow decline in the value of money as opposed to the more usual sharp reset of a crash or market sell off in a day or weeks to months.  The value decline in currency is quite deliberate policy over years to decades, we've been doing QE since 2008 but Dollar peaked in the eighties and declined since then I think its quite sure we cannot recover that process.   His idea we can lose any control by the FED isnt that misplaced but the overall trend in this overall economy is dictated by continual QE programs now; global politics backs this despite various losses to some.

[Betwrong]

Go pay for his high-priced seminars, buy his books, or how else can you survive these days! I would suggest to at least read this wiki article on him before buying his books.

The main tactic is to scare the people and then sell them something that you made up calling that to be the saviour. That is how a person who writes books about getting rich actually gets rich, by selling the book not by reading what they just wrote.

Point is that many people actually take their advice and these people eventually gain a large following. This following if used properly, can be used to generate a lot of market demand for something useful but they use it for their own personal gains.

Exactly. This should be the main rule for anyone with millions followers: use your platform to make the world a better place, not just to make yourself richer.

Unless someone understands this, you will not be able to stop them from following "self-proclaimed gurus". But you can try to point out fallacies and illogical facts in their statements for a start.

That's what we are trying to do here, right? Actually, I'm very happy about the fact that almost no one from this thread is going to follow Mr. Robert Kiyosaki.

[TheNineClub]

A new economic crash is not a new idea. Economists have been saying for years that we are due for another big one. However, even though some models and calculations do predict crashes and a market correction (not just in crypto but in general),  but we have been able to avoid one when we were the most susceptible to it when the pandemic started. Now that we have more or less managed to fine-tune our economy towards it working during the pandemic, I wonder what kind of trigger would it take to cause a collapse. Not saying it won't happen, just wondering what will it take, since the pandemic was not enough.

[Kelvinid]

A new economic crash is not a new idea. Economists have been saying for years that we are due for another big one. However, even though some models and calculations do predict crashes and a market correction (not just in crypto but in general),  but we have been able to avoid one when we were the most susceptible to it when the pandemic started. Now that we have more or less managed to fine-tune our economy towards it working during the pandemic, I wonder what kind of trigger would it take to cause a collapse. Not saying it won't happen, just wondering what will it take, since the pandemic was not enough.

Robert Kiyosaki is a known economist and a business person and has some expertise when talking about the market condition somewhat in the future. But it doesn't mean that he is all be gonna right about his insights and predictions, it possible he can be wrong as the market will change from time to time.

But, we can't just set aside that he might be right. Well, there is nothing wrong to believe him or ignore him. It was our discretion anyway but for me, I have to prepare for it than do nothing.

[Ceyflix-Rez]

Yes I do believe because the market have been in huge profits since the beginning of Covid battle in 2020 march and till date BTC and other coins have shown tremendous growth, it's time to pay back what was taken from the market by bear market, what goes up must come down

[m2017]

As per an article published on yahoo Finance, Mr. Robert Kiyosaki, who is famous for his book series known as "Rich dad poor dad", has issued a warning that a market crash and economic crisis is incoming.

Read it here: https://finance.yahoo.com/news/rich-dad-poor-dad-author-115446211.html?

Also, he said that he plans to buy gold, bitcoin, and real estate when the price goes down. Mr. Robert Kiyosaki is a prominent investor who has a net worth of more than 100 million dollars and also a supporter of bitcoin.

Do you think that a market crash similar to 2008 is indeed coming? If yes, then why? What are the indicators your follow to predict the market in general? Let's assume the crash is indeed coming then how would you like to prepare against it?

Let's discuss! 


 

It turns out that Robert is an experienced and successful economic analyst ... but I thought he was an ordinary writer who sells air in his books under the guise of advice. Yes, of course, he made a good fortune from his books. Hmm, then tell me what % of people who bought and read his book became millionaires? I know only one millionaire in this story. The one who sold these books.

If I have a toothache, then I go to the dentist, not the carpenter. Why are you listening to someone who is not an expert in this field?

P.S. I apologize if I hurt the feelings of those who believe in Kiyosaki and profess his ideology.

[Silberman]

A new economic crash is not a new idea. Economists have been saying for years that we are due for another big one. However, even though some models and calculations do predict crashes and a market correction (not just in crypto but in general),  but we have been able to avoid one when we were the most susceptible to it when the pandemic started. Now that we have more or less managed to fine-tune our economy towards it working during the pandemic, I wonder what kind of trigger would it take to cause a collapse. Not saying it won't happen, just wondering what will it take, since the pandemic was not enough.

It is still too soon to tell if the pandemic is not going to be enough to bring down the economy, the inflation is too high and people are suffering the effects of it, if this continues, and I do not see a reason for this to not be the case, then slowly but surely the economy is going to keep deteriorating, and if that is the case then it is possible we do not need a big event to take the economy down, since it would be weakened enough that it could fall by itself.

[titular]

We went on the news a while back to let everyone know the economy is f*cked. He also suggested people begin "hoarding" bitcoin (and ethereum) to counter this insane inflation we are seeing.

I have read Rich Dad, Poor Dad several times over my life. Still a great yearly read. Sure some of my opinions have changed since really diving into bitcoin, but still quality information.

[blockman]

Yes I do believe because the market have been in huge profits since the beginning of Covid battle in 2020 march and till date BTC and other coins have shown tremendous growth, it's time to pay back what was taken from the market by bear market, what goes up must come down

It's the cycle. Just after a bull run, what do we expect next? If there's the extension of the bull run, he'll just said the same thing that a crash is about to happen. Not only for the crypto market but for the stock market too. It's like that and there's no changing of his statement because it will come eventually no matter how long the bull market stays with us,
Just as the other economists are telling despite not being a real economists but they've became successful with their investments are telling the same thing about an economic crisis.

[Mahanton]

Yes I do believe because the market have been in huge profits since the beginning of Covid battle in 2020 march and till date BTC and other coins have shown tremendous growth, it's time to pay back what was taken from the market by bear market, what goes up must come down

It's the cycle. Just after a bull run, what do we expect next? If there's the extension of the bull run, he'll just said the same thing that a crash is about to happen. Not only for the crypto market but for the stock market too. It's like that and there's no changing of his statement because it will come eventually no matter how long the bull market stays with us,
Just as the other economists are telling despite not being a real economists but they've became successful with their investments are telling the same thing about an economic crisis.

Come to think off that a market could really only have two possible paths or ways to make which is to pump or to dump/correction which is a typical phase that could really happen on a market
which people should really be getting used to it and about people do make out speculative calls about market crashes and even positive views then i do mostly ignore them which i do say
the best thing to be done rather than making yourself get scared nor get too hyped on what they are speculating because we know that no human being could ever
know on what would happen ahead.

[Kasabus]

Yes I do believe because the market have been in huge profits since the beginning of Covid battle in 2020 march and till date BTC and other coins have shown tremendous growth, it's time to pay back what was taken from the market by bear market, what goes up must come down

It's the cycle. Just after a bull run, what do we expect next? If there's the extension of the bull run, he'll just said the same thing that a crash is about to happen. Not only for the crypto market but for the stock market too. It's like that and there's no changing of his statement because it will come eventually no matter how long the bull market stays with us,
Just as the other economists are telling despite not being a real economists but they've became successful with their investments are telling the same thing about an economic crisis.

Come to think off that a market could really only have two possible paths or ways to make which is to pump or to dump/correction which is a typical phase that could really happen on a market
which people should really be getting used to it and about people do make out speculative calls about market crashes and even positive views then i do mostly ignore them which i do say
the best thing to be done rather than making yourself get scared nor get too hyped on what they are speculating because we know that no human being could ever
know on what would happen ahead.

We all know that there are chances for a market crash in the future but we can't tell precisely when will it hit the market. So this made me realized that we should always seize every good opportunity that comes and cash out our profits so we can prepare once a market crash happens. Because when that happens, i guess trading will be very hard to make profits by that time and the best thing we can do is just to sit back and relax, and watch out for our investments seeing their prices continue to decline.

[hello_good_sir]

Man has 1 hit book and everyone believes his mantra instantly.

If you believe his doom and gloom mentality then you would have missed out on one of the biggest bull markets in history, and thousands of percent in ROI.

I don't believe that a crash would necessarily happen but I do believe in the insidious effects of inflation, which are very well documented.

[Wawa2013]

Yes I do believe because the market have been in huge profits since the beginning of Covid battle in 2020 march and till date BTC and other coins have shown tremendous growth, it's time to pay back what was taken from the market by bear market, what goes up must come down

It's the cycle. Just after a bull run, what do we expect next? If there's the extension of the bull run, he'll just said the same thing that a crash is about to happen. Not only for the crypto market but for the stock market too. It's like that and there's no changing of his statement because it will come eventually no matter how long the bull market stays with us,
Just as the other economists are telling despite not being a real economists but they've became successful with their investments are telling the same thing about an economic crisis.

We can't expect the crypto market to continue to be bullish forever, because in the end we can't prevent the bears from coming. This is a cycle that
does occur in the crypto market, if there is a bullish trend there will be a bearish trend, and vice versa. So there's no need to worry if bearish comes,
as long as we can be patient and hold potential coins, we can wait until the bullish trend comes back. Therefore when the crypto market is bullish
we should take profit, so that when the bears come we can buy more coins. Indeed, the crypto market keeps repeating itself, depending on how we
deal with it. The crypto world works like that, that is why it is important that we learn everything about cryptocurrencies before deciding to invest
in crypto. So that we really understand how crypto works, so we won't panic when the market crashes.

[Oceat]

Man has 1 hit book and everyone believes his mantra instantly.

If you believe his doom and gloom mentality then you would have missed out on one of the biggest bull markets in history, and thousands of percent in ROI.

I don't believe that a crash would necessarily happen but I do believe in the insidious effects of inflation, which are very well documented.

Everyone can be a speculators but it's up to us on who we like to believe the most and based on the previous post above, Robert Kiyosaki is just permabull of metal and not in crypto or fiat. I think we all know where this is going to end if we follow his prediction and most people would live in a constant fear of thinking there is an economic crisis. But just like what you said, inflation will be the cause of something like economic crisis or market crash but thanks to Bitcoin, we can save our own money without having affected with the inflation.

[Congyang]

A new economic crash is not a new idea. Economists have been saying for years that we are due for another big one. However, even though some models and calculations do predict crashes and a market correction (not just in crypto but in general),  but we have been able to avoid one when we were the most susceptible to it when the pandemic started. Now that we have more or less managed to fine-tune our economy towards it working during the pandemic, I wonder what kind of trigger would it take to cause a collapse. Not saying it won't happen, just wondering what will it take, since the pandemic was not enough.

when there has been talk like this being ready to buy when the price is down isn't this some kind of code so that we don't sell it when that time comes.
actually this can be used as a reminder and reference that billionaires are expecting a price reduction so that we don't panic too much when it arrives because they are ready to buy in large quantities and this can be used for us to hold on to the assets we have and increase the load following the flow. that exist for our own sake

[Finestream]

Man has 1 hit book and everyone believes his mantra instantly.

If you believe his doom and gloom mentality then you would have missed out on one of the biggest bull markets in history, and thousands of percent in ROI.

I don't believe that a crash would necessarily happen but I do believe in the insidious effects of inflation, which are very well documented.

Everyone can be a speculators but it's up to us on who we like to believe the most and based on the previous post above, Robert Kiyosaki is just permabull of metal and not in crypto or fiat. I think we all know where this is going to end if we follow his prediction and most people would live in a constant fear of thinking there is an economic crisis. But just like what you said, inflation will be the cause of something like economic crisis or market crash but thanks to Bitcoin, we can save our own money without having affected with the inflation.

Inflation has always been inevitable for fiat but with bitcoin, its definitely a tool to combat inflation. But i still believe that this crypto market will face another market crash in the future, since its really possible to happen. But it should not be that we will come to develop constant fear while waiting for it. Instead, just prepare yourself and most likely your funds as its always uncertain when will it happen. If you have stable funds already, i guess there's nothing to worry about having a market crash since it brings opportunity aside to accumulate more potential coins and diversify our portfolio. So its definitely not a loss for us.

[wxa7115]

Man has 1 hit book and everyone believes his mantra instantly.

If you believe his doom and gloom mentality then you would have missed out on one of the biggest bull markets in history, and thousands of percent in ROI.

I don't believe that a crash would necessarily happen but I do believe in the insidious effects of inflation, which are very well documented.

To me a crash seems possible, now the problem is that when people talk about the economy crashing some imagine an event that takes us back several centuries to the past, but a crash does not have to be that big.

Most likely we could see a crisis similar in scope to what we saw in 2008, and while it would be bad we will eventually recover from it, however the most important thing to know is how bitcoin will react in that scenario, and it think bitcoin will do great as people will look for ways to protect themselves from that crash and bitcoin is going to be one of the best options they are going to have available to protect themselves from it.

[Gyfts]

Don't know Robert Kiyosaki, so whatever views are on the markets crashing is irrelevant. You can't predict when the next crash will happen with any degree of certainty. You can use economic indicators to make inferences, but they're only as good as the data you have in front of you. The possibility of an economic crash happening again is certain, predicting when it happens is guesswork. My prediction is the next economic crash could be over the student loan "bubble" that's forming. Essentially the price of higher learning is increasing and outpacing the cost of any other services, and so eventually there will be a tipping point at which the loans will no longer be paid back because the potential earnings of a student outpace the loan amount plus interest, and thus the bubble pops. This is mainly a US consideration, but China's economy also isn't doing great. And so if China first, the US will follow soon after.

[Oasisman]

As per an article published on yahoo Finance, Mr. Robert Kiyosaki, who is famous for his book series known as "Rich dad poor dad", has issued a warning that a market crash and economic crisis is incoming.

Read it here: https://finance.yahoo.com/news/rich-dad-poor-dad-author-115446211.html?

Also, he said that he plans to buy gold, bitcoin, and real estate when the price goes down. Mr. Robert Kiyosaki is a prominent investor who has a net worth of more than 100 million dollars and also a supporter of bitcoin.

Do you think that a market crash similar to 2008 is indeed coming? If yes, then why? What are the indicators your follow to predict the market in general? Let's assume the crash is indeed coming then how would you like to prepare against it?

Let's discuss! 
 

I'm actually waiting for the big crash to happen, and It seems like it is nearing to happen as Bitcoin price is gradually going down.
This advice from Robert Kiyosaki is actually an opportunity to earn more profit in the future, because Bitcoin is always gonna bounce back stronger after a bearish season.
Market crash isn't something to be worried of, and It's already expected after a long bullish run, the market needs to consolidate to continue moving forward.

[bitgolden]

I'm actually waiting for the big crash to happen, and It seems like it is nearing to happen as Bitcoin price is gradually going down.
This advice from Robert Kiyosaki is actually an opportunity to earn more profit in the future, because Bitcoin is always gonna bounce back stronger after a bearish season.
Market crash isn't something to be worried of, and It's already expected after a long bullish run, the market needs to consolidate to continue moving forward.

You are sounding like market crash on crypto space but I guess OP is all about worldwide economic slowdown and then tis consequence of market crash on every country's economy and not just limited to crytpo space. I mean if another economic recession comes like 2008, I guess crypto will boom whereas stocks will fall. So, you may NOT get chances to accumulate bitcoin at cheaper prices, lol.

Moreover, that is is my basic idea about cryptocurrency against world economy but anything could happen because when pandemic hit for the first time, cryptocurrency also reacted to it but bounced back quicker than stock markets.

[Betwrong]

I'm actually waiting for the big crash to happen, and It seems like it is nearing to happen as Bitcoin price is gradually going down.
This advice from Robert Kiyosaki is actually an opportunity to earn more profit in the future, because Bitcoin is always gonna bounce back stronger after a bearish season.
Market crash isn't something to be worried of, and It's already expected after a long bullish run, the market needs to consolidate to continue moving forward.

You are sounding like market crash on crypto space but I guess OP is all about worldwide economic slowdown and then tis consequence of market crash on every country's economy and not just limited to crytpo space. I mean if another economic recession comes like 2008, I guess crypto will boom whereas stocks will fall. So, you may NOT get chances to accumulate bitcoin at cheaper prices, lol.

Moreover, that is is my basic idea about cryptocurrency against world economy but anything could happen because when pandemic hit for the first time, cryptocurrency also reacted to it but bounced back quicker than stock markets.

It could be that the chance to accumulate bitcoin at cheaper price is now. Bitcoin was above the current price most of the time in 2021. Those who want to buy cheap BTC can try to wait until another $30k, but it's risky because it may never happen. Each time BTC was briefly around $30k in 2021, it was bouncing up quickly from there.

Regarding Kiyosaki, it's actually good to read experts' opinions, but imo he's not even in the top 100 you should read.

[STT]

He wrote a book and his basic message is hold and use your own property largely because its one of the most tax favorable assets you can have.   Not sure I have the patience to listen to him more then that, it is a biased system and its not fair or actually a properly capitalist based economy but that can be stated alot more succinctly then he manages.
   Theres a few like him that can be listened to in variable amounts, I wouldnt exactly recommend them as they all have faults in their approach but its good to recognize long term success each 'expert' might have had.     

[Hamphser]

I'm actually waiting for the big crash to happen, and It seems like it is nearing to happen as Bitcoin price is gradually going down.
This advice from Robert Kiyosaki is actually an opportunity to earn more profit in the future, because Bitcoin is always gonna bounce back stronger after a bearish season.
Market crash isn't something to be worried of, and It's already expected after a long bullish run, the market needs to consolidate to continue moving forward.

You are sounding like market crash on crypto space but I guess OP is all about worldwide economic slowdown and then tis consequence of market crash on every country's economy and not just limited to crytpo space. I mean if another economic recession comes like 2008, I guess crypto will boom whereas stocks will fall. So, you may NOT get chances to accumulate bitcoin at cheaper prices, lol.

Moreover, that is is my basic idea about cryptocurrency against world economy but anything could happen because when pandemic hit for the first time, cryptocurrency also reacted to it but bounced back quicker than stock markets.

It could be that the chance to accumulate bitcoin at cheaper price is now. Bitcoin was above the current price most of the time in 2021. Those who want to buy cheap BTC can try to wait until another $30k, but it's risky because it may never happen. Each time BTC was briefly around $30k in 2021, it was bouncing up quickly from there.

Regarding Kiyosaki, it's actually good to read experts' opinions, but imo he's not even in the top 100 you should read.

I dont really recognize nor even believe with those experts even into those billionaires which do really love traditional investments and do keep on having those negative inputs or insights towards bitcoin.

Some might have made out some u turn but most of them does have the same mindset.About those people who do make out those positive sentiments then let them bet.
We do have our own views and sentiments about this market whether you are a billionaire or millionaire then no one could able to predict the precise call on where those
prices would be flying on.

[paxmao]

He wrote a book and his basic message is hold and use your own property largely because its one of the most tax favorable assets you can have.   Not sure I have the patience to listen to him more then that, it is a biased system and its not fair or actually a properly capitalist based economy but that can be stated alot more succinctly then he manages.
   Theres a few like him that can be listened to in variable amounts, I wouldnt exactly recommend them as they all have faults in their approach but its good to recognize long term success each 'expert' might have had.     

Kiyosaki has always been a booster and hyper of real state property. He has not discovered the wheel to be honest, he simply wrote a couple of books - with a very characteristic and appealing style to the masses - which basically say that you should no be spending more than you earn and should not use credit for stuff that is not really productive. His thesis on real state is simply a consequence of his own views about what it "good debt", but the 2008 crisis proved him wrong in many ways.

[pinggoki]

He wrote a book and his basic message is hold and use your own property largely because its one of the most tax favorable assets you can have.   Not sure I have the patience to listen to him more then that, it is a biased system and its not fair or actually a properly capitalist based economy but that can be stated alot more succinctly then he manages.
   Theres a few like him that can be listened to in variable amounts, I wouldnt exactly recommend them as they all have faults in their approach but its good to recognize long term success each 'expert' might have had.     

You don't necessarily have to listen to them though, take in the words that they say and decide for yourself what you think makes sense, listening to this people say stuff don't mean that you have to be a yes man.

[bakasabo]

I like how he says "Crash and Depression coming," without not only saying the exact that, but not even saying approximate date. Specially saying it during red market. This is same as saying it will be warmer after cold winter days. If a weather forecaster would come with such info, he will be fired immediately. Robert Kiyosaki is just playing on emotion and advertises his name. His prediction might come true this year, or next week, or in 100 years. I would not pay much attention to his expectation. I would not start stock up on food, or convert all fiat money into gold, real estate, crypto, just because fiat will depreciate.

[arwin100]

I like how he says "Crash and Depression coming," without not only saying the exact that, but not even saying approximate date. Specially saying it during red market. This is same as saying it will be warmer after cold winter days. If a weather forecaster would come with such info, he will be fired immediately. Robert Kiyosaki is just playing on emotion and advertises his name. His prediction might come true this year, or next week, or in 100 years. I would not pay much attention to his expectation. I would not start stock up on food, or convert all fiat money into gold, real estate, crypto, just because fiat will depreciate.

Prediction with no proper timeline wether on when this gonna happen is just a pure wild guess so I think its better not to take this seriously since we don't really know if he's telling accurate word. But eventhough that is we still need to be careful on our decision making and better be ready if the said things occur so that we will not get hurt on possible crisis that may happen in future.

[TheGreatPython]

I like how he says "Crash and Depression coming," without not only saying the exact that, but not even saying approximate date. Specially saying it during red market. This is same as saying it will be warmer after cold winter days. If a weather forecaster would come with such info, he will be fired immediately. Robert Kiyosaki is just playing on emotion and advertises his name. His prediction might come true this year, or next week, or in 100 years. I would not pay much attention to his expectation. I would not start stock up on food, or convert all fiat money into gold, real estate, crypto, just because fiat will depreciate.

He was always that kind of guy, he always said that you should collect assets and make debt doing it, and that the market would always crash, and even inflation alone would mean that you would be losing a ton of money. At the end of the day, we are talking about something that is big, and I mean seriously big and that usually means that we were talking about 50%+ crash in stock markets and all, a 2008 type of deal, a 2020 type of deal but longer. I mean these type of short span stuff due to pandemic happened and ruined many business' around but then it recovered and people are doing fine right now.

Moreover, would say that things are not looking amazing for Robert because he used to be seen as a guy who is smart and "figured it out" but the reality is that everyone figured it out by now, so he is not telling something original anymore.

[tippytoes]

I like how he says "Crash and Depression coming," without not only saying the exact that, but not even saying approximate date. Specially saying it during red market. This is same as saying it will be warmer after cold winter days. If a weather forecaster would come with such info, he will be fired immediately. Robert Kiyosaki is just playing on emotion and advertises his name. His prediction might come true this year, or next week, or in 100 years. I would not pay much attention to his expectation. I would not start stock up on food, or convert all fiat money into gold, real estate, crypto, just because fiat will depreciate.

Prediction with no proper timeline wether on when this gonna happen is just a pure wild guess so I think its better not to take this seriously since we don't really know if he's telling accurate word. But eventhough that is we still need to be careful on our decision making and better be ready if the said things occur so that we will not get hurt on possible crisis that may happen in future.

Basically, everyone can do the same prediction. The difference is that he has some followers. Without timeline and preciseness, I do agree that it is more of a wild guess and with no basis as well. So if you are a user and wants more tangible results, better trust your own instincts and if you are into alts, you should know their background at least. It is not advisable to buy alts if you have no idea what you're buying.

[bakasabo]

I like how he says "Crash and Depression coming," without not only saying the exact that, but not even saying approximate date. Specially saying it during red market. This is same as saying it will be warmer after cold winter days. If a weather forecaster would come with such info, he will be fired immediately. Robert Kiyosaki is just playing on emotion and advertises his name. His prediction might come true this year, or next week, or in 100 years. I would not pay much attention to his expectation. I would not start stock up on food, or convert all fiat money into gold, real estate, crypto, just because fiat will depreciate.

Prediction with no proper timeline wether on when this gonna happen is just a pure wild guess so I think its better not to take this seriously since we don't really know if he's telling accurate word. But eventhough that is we still need to be careful on our decision making and better be ready if the said things occur so that we will not get hurt on possible crisis that may happen in future.

I am not so much familiar with his books, for me they are just a story of successful success or a motivational literature. Maybe I am wrong, but for me he is first a writer (wrote more than 25 books) and a businessman, and only then he is a analytics and prediction maker. I believe that he can say everything, as long as it is profitable for him. He is making this predictions to make his books sell better, and to grow the value of his assets. All his predictions are not financial advices. I cant remember any case that his predictions hit the truth.

[Skinny48]

I believe this man more than many billionaires out there, this man have never said anything against crypto technology he is in full support of anything futuristic, a smart fellow if you ask me, I think the reason why I predicted this market crash is because of the never ending Covid that has now generated into Omicron virus, let's just hope that this doesn't get out of hand

[dezoel]

Honestly Robert is not really contemporary anymore. I always looked at what he said and decided that maybe he was right but then I read rich dad poor dad which is his most famous book and he is nothing more than some glorified "self-guru" type of person but only in the finance world.

Considering how you should not have liability but have assets that give you cash-flow is his only idea to get rich, we as people in crypto world are already way beyond him. So, his talking about anything is beyond caring about right now, he is boring old man who doesn't know how the world works. Dude even made equal of 250k in today's money when he first started working, and he is talking about how we should make debt to grow. Dude we are making debt just to live without dying of starvation so let's pump the brakes a bit. Ignore him, and move on with your life, crash could happen or not, but definitely not because he predicted it, but because it is obvious.

[Oilacris]

I believe this man more than many billionaires out there, this man have never said anything against crypto technology he is in full support of anything futuristic, a smart fellow if you ask me, I think the reason why I predicted this market crash is because of the never ending Covid that has now generated into Omicron virus, let's just hope that this doesn't get out of hand

Dont tend to destroy your hopes and beliefs on certain individuals but i dont really believe that they could precisely predict just because on basing with sentiments that floating around.Come to think that

we've been on a pandemic situation for couple of years but look at on what happen into the market? Instead on having a crash we did able to reach out all time highs.

I dont really believe about those precise predictions because we could only have two possible paths which is going down or going up.

[Blue0x.com]

Its natural for everything to go up when more money is printed.  Its not that the price goes up.  Its that it takes more fiat to buy the same asset because the fiat is worth less per unit.  However, people with alot of liquid fiat are in a rush to buy these assets as they see the inflation coming.  This fever causes a bubble that can spiral out of control just like in the years prior to what happened in 2008.  Cheap money coming from the Fed (40% of all money creation in 2020-2021) in the form of stimulus and QE is the leading factor in this.

The difference between this time and 2008 is that the fiat systems and the institutions built around them are beyond repair.  Investors arent necessarily worried about future returns on their investments.  They are just scrambling to put their fiat into anything before their fiat is worthless.  They arent really investing.  They are just trying to salvage what they already have.

[Botnake]

I believe this man more than many billionaires out there, this man have never said anything against crypto technology he is in full support of anything futuristic, a smart fellow if you ask me, I think the reason why I predicted this market crash is because of the never ending Covid that has now generated into Omicron virus, let's just hope that this doesn't get out of hand

Dont tend to destroy your hopes and beliefs on certain individuals but i dont really believe that they could precisely predict just because on basing with sentiments that floating around.Come to think that

we've been on a pandemic situation for couple of years but look at on what happen into the market? Instead on having a crash we did able to reach out all time highs.

I dont really believe about those precise predictions because we could only have two possible paths which is going down or going up.

Exactly. Do not put all your trust in just a single person and easily carried on him. Bitcoin will always be volatile and has a very unpredictable market so none of us can make precise prediction even how smart or expert he is.  I believe there's always a possibility of a market crash in the future, but it may not happen too. Seeing bitcoin in an upward trend, i know as much as possible it will never tend to move or crash the market. But since its highly volatile, it could sometimes fall its value particularly if a correction happens or a bearish season affects the market, but it will also recover for sure once the market gets back to normal.

[Betwrong]

~

I dont really recognize nor even believe with those experts even into those billionaires which do really love traditional investments and do keep on having those negative inputs or insights towards bitcoin.

There are fewer and fewer of them over time. I don't know who except Warren Buffett is talking negatively about Bitcoin today? Those who used to be  enemies of BTC are investing in it today. Even younger folks from the Buffet gang I'm sure holding some Bitcoin just in case.

Some might have made out some u turn but most of them does have the same mindset.About those people who do make out those positive sentiments then let them bet. We do have our own views and sentiments about this market whether you are a billionaire or millionaire then no one could able to predict the precise call on where those prices would be flying on.

Yeah, only never bet more than you can afford to lose, or you can find yourself on the place of some Robert Kiyosaki's followers. Whatever investment strategy you choose, you should never risk money that you may need in the nearest future.

[ven7net]

As per an article published on yahoo Finance, Mr. Robert Kiyosaki, who is famous for his book series known as "Rich dad poor dad", has issued a warning that a market crash and economic crisis is incoming.

Read it here: https://finance.yahoo.com/news/rich-dad-poor-dad-author-115446211.html?

Also, he said that he plans to buy gold, bitcoin, and real estate when the price goes down. Mr. Robert Kiyosaki is a prominent investor who has a net worth of more than 100 million dollars and also a supporter of bitcoin.

Do you think that a market crash similar to 2008 is indeed coming? If yes, then why? What are the indicators your follow to predict the market in general? Let's assume the crash is indeed coming then how would you like to prepare against it?

Let's discuss! 

 

As for Mr. Robert Kiyosaki about the supposedly impending crisis and the market decline, then I agree with him. Moreover, I believe that the crisis has already begun and in the very near future, and it is in 2022 that there is a high probability of the markets falling. This is primarily due to the economic, financial and political situation in the world, to be more precise, it is in these three areas that the crisis is already underway and the solution to this crisis will be a complete reset of international relations. There are economists who argue that the dollar financial system will disintegrate into currency zones, which will shake up all financial systems and possibly create new ones. If this is the case, there will be new rules, which means that the old systems will either have to disappear or work according to new rules, which by itself means the collapse of these systems. By the word system, I mean both the stock market and the crypto market. So it is very likely that Mr. Robert Kiyosaki is right and we are on the verge of a global fall.