Robert Kiyosaki again warns of a major financial crisis. According to the author of Rich Dad Poor Dad, a global crash could start in 2026 at asset manager BlackRock.
In a post on The next crash could therefore be even bigger.
BlackRock as the first domino
Kiyosaki draws a comparison with 2008. At the time, he predicted the collapse of investment bank Lehman Brothers on CNN, just before it actually collapsed and triggered the global credit crisis. Now he sees a similar risk, but at BlackRock.
According to him, the problem lies in the so-called private credit market. This is a part of the financial sector where companies provide loans outside the traditional banking system. Kiyosaki calls this segment a “Ponzi scheme” because of the high debt burden.
Concerns grew recently when BlackRock introduced restrictions on withdrawals from a major debt fund after investors flocked to withdraw their money.
‘Buy Bitcoin, gold and silver’
As with previous warnings, Kiyosaki also provided advice. He remains positive on Bitcoin (BTC), Ethereum (ETH), gold and silver as protection against a possible crash.
It is striking that he even advises his followers to buy “junk silver”. These are old silver coins that still have value because of their silver content. According to Kiyosaki, even a small investment can help. He suggested that people could possibly skip a meal to invest $10 in silver.
Even Kiyosaki isn’t sure
Despite his strong warning, Kiyosaki himself acknowledges that he is not sure whether the crisis will actually happen. He wrote that he hopes his prediction turns out to be wrong, but warns that any crash could be swift and destructive, especially for pension funds and savings.
The well-known investor has been regularly criticized in recent years for repeatedly predicting major crashes that ultimately do not occur.
Source: https://newsbit.nl/robert-kiyosaki-waarschuwt-volgende-financiele-crisis-begint-bij-blackrock/
