Robert Kiyosaki said on the social network X that the large -scale collapse of the stock market, which he predicted in his book “The Prophecy of the Rich Pope” ten years ago, has already come. According to the investor, this financial decline can destroy the future of millions of people, especially the generation of baby-boomers born in the period from 1946 to 1964.
Kiyosaki explained that the beta-batteries are accustomed to rely on modern pension plans with fixed contributions (DC), while the predecessors of the Second World War were beneficial from plans with fixed payments (DB).
Unlike DB, guaranteeing pensioners a fixed payment regardless of market conditions, DC plans provide only what a person has introduced, and these funds can be destroyed during the decline. This leaves millions of people financially vulnerable. To protect the savings, Kiyosaki advised investors to abandon paper assets.
“How to defeat this corrupt and criminal scheme of Ponzi? Start by investing in real gold, silver and bitcoin. Do what is better for you. But I would never buy exchange funds (ETF), tied to gold, silver or bitcoin. I believe that ETF is as fake as the dollar and US bonds. I prefer real assets, ”Kiyosaki wrote.
Recently, the American writer explained that the recent battleship of Bitcoin is not associated at all with the volatility of the cryptocurrency itself, but with financial instability around the world. However, even if there is a collapse of bitcoin, Kiyosaki announced his readiness to buy more coins.
Source: Bits
I am an experienced journalist, writer, and editor with a passion for finance and business news. I have been working in the journalism field for over 6 years, covering a variety of topics from finance to technology. As an author at World Stock Market, I specialize in finance business-related topics.
