“Rich Dad, Poor Dad” author Robert Kiyosaki recently talked about what he sees as “The Three Times Crash” that’s coming for Americans.
He’s worried especially about people with 401Ks, those who own homes and holders of US currency.
Watch (transcript of highlights below):
https://twitter.com/WallStreetSilv/status/1663921168082935814?s=20
From the video:
“I just cannot believe this guy, Biden. I mean, he’s a criminal. He’s a criminal.His very first act, the very first day was to cancel the Keystone XL Pipeline. So the moment he cut that pipeline, I’m selling oil at $30 a barrel. The next day was $130 a barrel. So the good news is I’m getting extremely rich, but he’s crushing the middle class.
And by crushing the middle class, we come to a two class society: rich and poor. And that’s the basis of revolution. They’re gonna print so much of this [holds up US currency], they’re going to destroy the dollar. This is trash right now. The BRICS – Brazil, Russia, India, China, South Africa, Saudi Arabia is 60% of the world’s population – will dump this.
And that’s why I say ‘The Three Times Crash.’
Number one is gonna be stocks and bonds. Because interest rates go up, it’s gonna wipe out these guys — my generation with 401ks — the worst thing you can ever do. You know, it’s just terrible what they’re doing. And then the second is real estate. So the homeowner, my generation, they bought their home and they bought it at a million – Poof! And they’re upside down in the debt to equity structure and financing. And the third is this thing [holds up US currency].”
Kiyosaki isn’t the only one worried about the collapse of the dollar.
China added to its gold reserves for six straight months.
Bloomberg News reported:
China added to its gold reserves for a sixth straight month, extending a flurry of purchases as central banks around the world expand their holdings of bullion amid escalating geopolitical and economic risks.
China raised its gold holdings by about 8.09 tons in April, according to data from the State Administration of Foreign Exchange on Sunday. Total stockpiles now sit at about 2,076 tons, after the nation increased reserves by about 120 tons in the five months through March.
Central banks have purchased large amounts of gold in the past year to diversify assets, as well as to protect reserves from the impact of a weakening dollar and rampant inflation.
With concerns about the dollar, interest in physical gold and silver has been skyrocketing.
So many Americans are moving retirement accounts to precious metals that some companies have had a hard time keeping up with demand.
Genesis Gold Group a faith-driven precious metals company, has been able to keep up with demand because their executives anticipated the surge even before the collapse of the latest banks (plus, working with them through this link and the links below benefits Gateway Pundit).
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Watch conservative actor Dean Cain talk about his endorsement of Genesis Gold Group:
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(Note: The information provided by Gateway Pundit or any related communications is for informational purposes only and should not be considered as financial advice. We do not provide personalized investment, financial, or legal advice.)
