Avalanche Of Woes Is Coming! - Robert Kiyosaki Bitcoin

Avalanche Of Woes Is Coming! - Robert Kiyosaki Bitcoin

The Biggest Crash in History is Coming - Robert Kiyosaki

In this interview, Robert Kiyosaki, the Rich Dad Poor Dad's author, warns of an imminent stock market crash. He also advises the young generation to be entrepreneurs and capitalists and invest less in the stock market. Here are the highlights of the video:

The next market crash is imminent and will be the greatest in history because the government and central bank keep piling up debts. The impending crash will be worse than the COVID-19 pandemic.

In schools, students are taught to study, graduate, and get a job only to work for a currency that keeps losing value.

The lower Bitcoin falls, the more of it you should buy because you'll make more money when it rises. This method doesn't apply to currencies such as the US dollar or the Zimbabwean dollar because they keep losing value.

Robert Kiyosaki is a contrarian because he doesn't do what the government or central banks ask people to do. He is also an entrepreneur and a capitalist who owns no stocks. He builds his assets, the Rich Dad company, which is an international brand.

As a young person, don't be an employee. Rather, strive to become an entrepreneur like Bill Gates or Elon Musk. You can also invest In brands and follow in the footsteps of Warren Buffett.

It is erroneous to advise people to be debt-free. In 1971, the US dollar became a debt. So, every time Kioyasaki has a chance, he borrows and buys real estate. Now, he is about 1.2 billion in debt because debt became money in 1971. Kiyosaki owns a lot of real estates and makes millions of dollars monthly in cash flow. He pays no taxes because the tax system encourages people who use debt. And this is contrary to what they teach in business school.

Having a stock portfolio is not the problem. But other alternatives can make you richer.

If the Fed coin is introduced, the next crash will be imminent and banks may collapse. You won't need the services of Wells Fargo, Goldman Sachs, or the Bank of America because the economy will be 100% communist or centrally planned.

As a young person, strive to become an entrepreneur and a capitalist. Build a business that will do well in crashes, boom, or burst.

The US is paying people for not working, a communist style of intervention. Meanwhile, the only way money is created is via production.

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