Stock market collapse prophesied by Robert Kiyosaki is allegedly underway
In a recent post, Robert Kiyosaki, the author of the best-selling book 'Rich Dad Poor Dad,' has reiterated a prediction he made in 2014 - a stock market crash has now occurred. This prediction, outlined in his book 'Rich Dad's Prophecy,' has proven to be a chilling reality.
Kiyosaki, a vocal critic of traditional financial systems, has long considered exchange-traded funds (ETFs) as questionable investments, including those for gold, silver, and Bitcoin. He considers ETFs to be as unreliable as the US dollar and US bonds.
The stock market crash poses a significant threat to the financial security of millions of baby boomers worldwide. In a market crash, Defined Benefit (DB) pension plans are required to pay as promised to the investor, while Defined Contribution (DC) pension plans only need to pay what the investor has contributed. Kiyosaki argues that the shift to DC pension plans has introduced a fundamental weakness in today's retirement systems.
In a bid to strengthen the U.S.'s position in the digital asset space, President Trump signed an executive order establishing a Strategic Bitcoin Reserve and a U.S. Digital Asset Stockpile. This reserve will be funded solely through Bitcoin seized from criminal and civil forfeiture cases. The Treasury Department will manage the stockpile of other confiscated cryptocurrencies.
Kiyosaki's support for Bitcoin has grown due to President Trump's administration's cryptocurrency initiatives. However, it's important to note that between 2020 and 2021, President Trump did not establish a strategic Bitcoin reserve or a U.S. digital securities depository to position the United States as a leader in digital assets.
Kiyosaki believes that the education system fails to provide credible financial education. He states that Wall Street, which he believes relies on 'stupid' investors, and a public that trusts their academic education to keep them safe in the real world, will not keep them safe in a world influenced by corrupt and criminal 'banksters.'
Readers are encouraged to conduct their own research and consult with a qualified financial adviser before making any investment decisions. The Shib Magazine and The Shib Daily, the official media and publications of the Shiba Inu cryptocurrency project, provide valuable insights into the world of cryptocurrencies.
In conclusion, Robert Kiyosaki's prediction of a stock market crash, made in 2014, has now come to pass. His advice against investing in ETFs and his call for a more robust financial education system remain relevant in today's uncertain economic climate.
