Financial Guru Warns “The Three Times Crash” Will Wipe Out Millions of Americans
Robert Kiyosaki, the author of the best-selling book “Rich Dad, Poor Dad,” recently voiced concerns about the coming financial crisis he dubbed “The Three Times Crash.” The devastating economic events would primarily target Americans with 401Ks, homeowners, and U.S. currency holders. According to Kiyosaki, Americans must prepare and take preventive measures, as an economic collapse seems inevitable.
Renowned for his financial expertise, Kiyosaki criticized Joe Biden’s administration, stressing that decisions like cancelling the Keystone XL Pipeline greatly contribute to the economic downfall. The constant printing of money as a temporary solution propped by the government not only weakens the U.S. dollar but also devalues it. Kiyosaki emphasized that stocks and bonds would be the first to crash due to increasing interest rates. Retirement funds like 401Ks, which are highly dependent on the stock market, would be wiped out, leaving millions of Americans stranded.
Next in the line would be the real estate crash caused by the enormous debt to equity structures. Homeowners with expensive properties would find their investments plummeting in value. Lastly, U.S. currency will be gravely affected as a wave of dollar devaluation sweeps across the globe with major world economies refusing to accept it.
Reflecting Kiyosaki’s fears, China has been gradually increasing its gold reserves over six consecutive months. Central banks worldwide have also been buying significant amounts of gold to safeguard their assets from the depreciating dollar. The collapsing financial world has spiked the interest of Americans in physical gold and silver, in search of more secure investments.
As a result, companies like Genesis Gold Group, leaders in precious metals industry, have experienced exceptional demand from clients eager to roll their retirement savings into gold, including the option of self-directed IRAs. Investments in precious metals have gained traction among Americans, with many turning to companies like Genesis Gold Group, which has an outstanding reputation and reliable service thanks to its faith
