Investing.com - Mocked by some and adulated by others, Robert Kiyosaki, author of the bestseller Rich Dad Poor Dad, is nonetheless one of the most widely read commentators on the economy, with over 2.5 million subscribers on X.
Yesterday, Kiyosaki once again took to his pen to express his views on his favorite social network, issuing his usual stern warning about the economic situation, while also sending out a message of hope.
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He said that he foresees an economic depression and that it is necessary "to prepare for the worst rather than live in 'Disneyland', which is what most people do". Depressions are economic periods characterised by a fall in GDP of at least 10% a year over three years, which has only happened once in the USA, between 1929 and 1941.
The author explained that, in his opinion, "a depression can be the perfect time to become rich, really rich" if you are "prepared for it".
Last week, Kiyosaki sent out a similar message, stating that "the crash has started", while adding that "crashes are the best way to get rich" and advising people to buy gold, silver, and Bitcoin.
Finally, Kiyosaki is not alone in fearing a market crash, with several well-known banks, investors, and economists issuing similar, albeit less theatrical, warnings in recent months.
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