Rich Dad Poor Dad's Robert Kiyosaki Insists Depression Is Coming – Predicts 'Gold, Silver, Bitcoin, Real Estate Will Crash Too'

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Imagine listening to this fucking retard. He never made any money outside selling books. The only thing he's qualified to predict is how many books you can sell to retards by claiming to be rich and ghost writing a book full of generic useless advice.

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They are definitely holding off a crash using money printing, but no one will be able to definitively say when it will happen.

This dude isn't pushing crypto though, IMO. Crypto is great as a hedge against inflation, crashes etc, it's not a bad idea to own some.

Real assets like land, livestock etc are better though, if you can manage to get and keep a hold of them.

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The only person who gets it right is Peter Schiff. He called the 2008 crash. He's only warned about inflation and potencial eventual trouble since, after said inflation becomes untennable. So far he hasn't been wrong.

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Whats he say about the current situation?

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Rich dad poor dad Kiyosaki is alergic to thinking in terms of net worth and only cares about cashflows. He's against stores of value in general and is upset that people who think in terms of multiplying networth do better than people who think about cash-flow today. He's stuck on his stupid thesis and has to call all else sour grapes.

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He literally says the secret to his wealth is debt, debt, and more debt. And is quite proud of it too.

That said, we are headed imminently for times that will make the great depression look like a cake walk.

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Yes it will . I am glad I live by a river with plenty of fish, and a place to grow food . Also harvest wild animals if it comes to that .

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During the depression, wild game was almost wiped out within the first winter.

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Yeah, and his homes that he's landlording as leveraged as he possibly can to get as much cashflow per investment will all drop in value faster than gold ever will in a depression. And he'll be holding the bag.

He'll wish he had adopted maximizing bottom projection of future net worth instead of I need cash cash cash today!!

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Right, I don't believe him about gold crashing, necessarily. I'll take my chances with the PM's (a real store of value).

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You need to know kid that roberts ways are the banks way.

Wealth isn't about money. That's a child view. The win lottery go broke way.

Wealth comes from ppl. Using useless money Robert ends up in ownership of what ppl need and in exchange they keep him a percentage of their income.

That way inflation has no impact upon banks or Robert. They do a fuk what the price of gold or stocks are today vs. Tomorrow.

Only that they get 10% of x number of humans income.

That's not just wealth. It's power

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What happened to his metal predictions from before? This is the guy saying silver would have a tremendous run.

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OTOH, investments in blued steel and lead seem to be doing just fine.

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This guy writes like a moron.

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So what I got from that is that he keeps contradicting himself a few months later. So what's the next safe investment? No fiat shit dollar, no Bitcoin, no real estate, no precious metals, so... What then?

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Exactly, watch him be wrong on several things. Like gold.

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well, they aren't building many houses these days and we got 2 million new illegals . housing is in short supply. panic porn

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Uhhh, they are building here like there is no tomorrow. If course, what they're building is your 100 sq ft LUXURY apartments, kinda like the ones you see in china.

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I don't like the pod apartments where there's one small common apartment living room and kitchen area and 4 small attached bedrooms (each room has their own bathroom). You'd get thrown together with 3 strangers of not your choice to share living space with.

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Not in my neck of the woods,

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He looks like Lewis Black's gay lover.Fuck him.

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Tangible assets people need to live such as food, shelter, transport, and safety.

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Shelter = real estate which rich dad says will crash. All the things that crash will recover eventually unless we go full on planet of the apes and then the value will be in horses and cages.

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I'm investing in buggy whips when the fucking dumbasses realize their gd electric cars have no electrical grid to support it. D U H

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During the crash Match last year gold and silver dropped greatly, because people had to sell assets to cover losses. So real estate could be caught up on a mass-selloff, but only temporarily.