While the stock market is witnessing a tremendous slowdown with continuous fears about the recession, the author Robert Keusaki warned that the accident had arrived.
According to the author of the book “Rich Dad Poor Dad”, the long -awaited securities market that it had signed for more than a decade has finally arrived, in one of the dozens fatherSR. On March 8.
In his opinion, Kiyosaki believes that this financial recession can destroy millions of futures, especially children who depend on modern retirement plans such as 401 (K) S and IRAS.
Keusaki’s projection offer is due to his 2014 book, “Abi Rich prophecy”, where he expected what he described as “the largest market of securities accident” is still waving on the horizon. Now, this catastrophic event is revealed, with severe consequences for a whole generation.
The Kiyosaki argument is to distinguish between two types of retirement plans: the specific benefit (DB) and the specific contribution (DC).
He highlighted that children’s children in the United States are the first generation that mostly depends on DC plans, such as 401 (K) S and IRAS, unlike their ancestors in the First World War, who have benefited from DB plans.
Unfortunately, this incident arrived … which gives the future of millions of children’s children all over the world. Children are the first generation with 401K and IRA …
Market disruption drivers
The investor explained that the main difference lies in his flexibility during a market failure, which he previously warned of it may turn into “greater depression”.
In addition, the financial teacher blames several factors, including the education system – which is believed to lack meaningful financial literacy – the street that flourishes on the informed investors, and a naive, misleading audience by corrupt financial and political forces.
“The problem is that our educational system … adherence to trusted financial education, Wall Street, who belongs to” stupid “investors, and the naive audience enough to believe that their academic education will keep them safe in the real world from” corruption and criminals “bankers” who influence “naivety”, “.
It is worth noting that this is not the first time that the investor has warned of the imminent market collapse. While maintaining a declining position on the economy, some of its previous predictions failed, as doubts failed from critics.
Wealth protection in a crash
To protect wealth, Kyusaki called for investing in concrete assets such as gold, silver and bitcoin (BTC). He stressed the importance of maintaining these assets physically instead of relying on brokers and explicitly warning them of the boxes circulating on the stock exchange (ETFS).
As Finbold reported, Kiyosaki bombed the Bitcoin investment funds as “Bankster”, arguing that it is accessories for the same corrupt financial system that he has long criticized.
Despite the continuous market fluctuations, Kiyosaki is still optimistic about Bitcoin, with an expectation that it will reach $ 500,000.
To achieve this purpose, with the United States implementing measures to place itself as the Bitcoin Center, including the creation of a strategic reserve, Kiyosaki believes that assets grow more as sellers’ refusal as “losers”.
Disintegration: The distinctive image in this article is for illustrative purposes only and may not accurately reflect the true similarity of photographers.
