I think I've heard him say that a year ago or two. We all do expect a crash is about to happen but maybe the one that he's expecting is the one that has happened already when the pandemic came. But if it's not then that's what we're talking about the bear market.
We don't know when that gonna happen but just as he's prepared to buy at the lowest, just do your own preparation just as he's expecting it to come.
Topic: Robert Kiyosaki expects a market crash and economic crisis - do you believe it? - page 5. (Read 699 times)
December 15, 2021, 03:06:35 PM
December 15, 2021, 02:08:57 PM
As per an article published on yahoo Finance, Mr. Robert Kiyosaki, who is famous for his book series known as "Rich dad poor dad", has issued a warning that a market crash and economic crisis is incoming.
Read it here: https://finance.yahoo.com/news/rich-dad-poor-dad-author-115446211.html?
Also, he said that he plans to buy gold, bitcoin, and real estate when the price goes down. Mr. Robert Kiyosaki is a prominent investor who has a net worth of more than 100 million dollars and also a supporter of bitcoin.
Do you think that a market crash similar to 2008 is indeed coming? If yes, then why? What are the indicators your follow to predict the market in general? Let's assume the crash is indeed coming then how would you like to prepare against it?
Let's discuss!
Like always the question is when will this happen? We all know that a crash is inevitable as fiat systems cannot and will not last forever, the pandemic has accelerated this process by forcing governments to print a lot of money too fast and now this is causing problems all around the world, but even then it is still not a sure thing that a crash will happen during the next years, still it is important to prepare ourselves, and buying bitcoin is without a doubt a good option for those that think there are difficult times ahead of us. Read it here: https://finance.yahoo.com/news/rich-dad-poor-dad-author-115446211.html?
Also, he said that he plans to buy gold, bitcoin, and real estate when the price goes down. Mr. Robert Kiyosaki is a prominent investor who has a net worth of more than 100 million dollars and also a supporter of bitcoin.
Do you think that a market crash similar to 2008 is indeed coming? If yes, then why? What are the indicators your follow to predict the market in general? Let's assume the crash is indeed coming then how would you like to prepare against it?
Let's discuss!
December 15, 2021, 12:10:26 PM
I don't think what is important should be if we believe or not, but how prepared we are for any unforeseen event like market crash and economic crisis. Always have emergency funds to fall back to, because believe or no believe will not save you from hardship if they occur. Make preparations is my best advice.
December 15, 2021, 11:19:42 AM
Kiyosaki said same thing when bitcoin was bullish and after which we saw some corrections, I sold off some of my cake and boom price spike. Well Kiyosaki never did advise me to invest in the crypto market. As regards the cryptocurrency market, it doesn't respect Kiyosaki.
December 15, 2021, 10:19:18 AM
Also, he said that he plans to buy gold, bitcoin, and real estate when the price goes down. Mr. Robert Kiyosaki is a prominent investor who has a net worth of more than 100 million dollars and also a supporter of bitcoin.
Also, a guy who went bankrupt with his main company, a guy went and promoted real estate investments in 2006, and has a ton of lawsuits about his seminars. On top of that, just like the guys from zerohedge , he has predicted exactly 120 of the last two economic crises.
There is a huge difference in talking theories and actually carried successful investments, Kiyosaki completely failed at the second one.
Never heard that Robert Kiyosaki is good at making predictions. Anyone remember that some of his predictions really came true? I mean a prediction (just one exact) that he has made, and it happened like that.
He's one of the best contrarian indicators, just like many others, like a horse who wins with ods 200:1 , you can be sure that he will never win again in the next ten races if he gets one thing right that what comes out of his mouth next will be completely false.
2015
Author Robert Kiyosaki: 'Biggest' Market Crash Likely in 2016
https://www.newsmax.com/Finance/StreetTalk/Robert-Kiyosaki-stock-market-crash-invest/2015/12/03/id/704472/
2017
Why ‘Rich Dad’ author Robert Kiyosaki still thinks the market is about to crash
https://www.marketwatch.com/story/rich-dads-kiyosaki-hasnt-given-up-on-his-dismal-market-prediction-2017-02-28
2019
‘Rich Dad, Poor Dad’ Robert Kiyosaki on the looming market crash,
https://www.marketwatch.com/story/rich-dad-poor-dad-robert-kiyosaki-on-the-looming-market-crash-gods-money-and-why-hes-looking-like-a-genius-2019-06-25
December 15, 2021, 09:39:36 AM
Do you think that a market crash similar to 2008 is indeed coming? If yes, then why? What are the indicators your follow to predict the market in general?
Somewhere in recent history, many of us ceased paying attention to economic fundamentals.
The current state of the US stock market became the prime indicator determining the welfare and health of the US economy. If the stock market rises, people assume the economy is doing well. If the stock market declines, people assume the economy is in a bad place.
In 2021 the US economy is in a strange place where many of its economic fundamentals are not the best yet the stock market continues to rise as if the economy exhibited good growth. Many look at the stock market rising and conclude it reflects the economy.
There was news of supply chain issues due to COVID-19 a few weeks before the big stock market crash of 2020. There was a long and pronounced delayed reaction between supply chain disruptions and the actual crash which ensued. I think we're in a similar situation now. A crash could be imminent, although we're witnessing a delayed reaction to it.
December 15, 2021, 08:03:47 AM
I don't like people spreading panic, and from the comments above I see that this guy, Mr. Robert Kiyosaki, is one of those people. The more I read about him, the more it looks like he cares about one and one thing only - to sell more books. Also it looks like he's overall a shady person. So, I wouldn't trust him.
That doesn't invalidate his concern about the economy. They are smart people and the way of their thinking is unique so it will be better to stay aware.
Regarding the possible upcoming market crash, I think it's inevitable at some point in the future, but I believe that humanity is evolving through previous crashes to cope with the next ones better.
Economic crisis leads to world war because the USA is losing its economic superiority and china is getting more powerfully economically. War in the middle east and Afghanistan also lose its priority. I am concerned that the USA wants to involve in indo pacific war that is upcoming. This war-loving country survives through war by selling its killing machine. This time not only economy but the whole humanity will crash due to a war escalated in the most densely populated area of the world.
December 15, 2021, 03:27:07 AM
Do you think that a market crash similar to 2008 is indeed coming? If yes, then why? What are the indicators your follow to predict the market in general? Let's assume the crash is indeed coming then how would you like to prepare against it.
I do not know if the market will crash or not but I know the fiat will always decrease in value in a way what certain amount can buy before will not be possible later because of fiat decreasing value. Governments are always governments, they all the time find a reason to devalued their fiat. Even if the market will crash or not, I will invest, investment will make someone to get richer. I have extended some of my investment to bitcoin which I know will be effective against inflation. December 15, 2021, 02:45:51 AM
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Do you think that a market crash similar to 2008 is indeed coming? If yes, then why? What are the indicators your follow to predict the market in general? Let's assume the crash is indeed coming then how would you like to prepare against it?
Let's discuss!
Do you think that a market crash similar to 2008 is indeed coming? If yes, then why? What are the indicators your follow to predict the market in general? Let's assume the crash is indeed coming then how would you like to prepare against it?
Let's discuss!
I am not sure if the crisis is incoming or not, but there is one sure thing: If next crisis is incoming then thats gonna be because of pandemic after effect. Let us not forget that pandemic has disrupted the commercial and technical circle of whole global supply chain. There are so many valuable things from biological products to electronics products who are awaiting and stand by for their raw material releases. Due to this shortage the prices are hiking slowly, giant industries get worst hit by this and eventually they has to increase the cost of finished goods. The inflation is for sure up coming chapter and so as followed financial crisis thereafter.
If this happens, then crypto currencies surprisingly will go upwards. Peeps gonna find it perfect place to invest their money and await the millions poured back to them when the crisis is over.
Kiyoski is right, gold is gonna be one of the favorite asset since its physical, scarce, and read to be sold at anytime anywhere! SO yeah, if the economy is gonna get down, make sure to have some bitcoin and gold handy.
December 14, 2021, 05:42:32 PM
Robert Kiyosaki doesn't understand finances as much as he claims he does. It has been established that he just simply supports the idea of "take out a loan, make profit with what you use that loan with, and eventually due to inflation that loan will not be too much in a few years and your networth will be above your debt", this isn't some grand idea that first came to him, hell people did this for thousands of years nowadays, even kings did it back in the day, took out loans from some high end banks or rich wealthy merchants, used that to rise up armies, pay those armies, take over a place and then pay those merchants back with the earnings of that won war.
In this case it is once again something very obvious, we are going to have "a crash" will we? Even a teenager would know that, this isn't some super magician economist type of thinking.
In this case it is once again something very obvious, we are going to have "a crash" will we? Even a teenager would know that, this isn't some super magician economist type of thinking.
December 14, 2021, 01:11:11 PM
Hasn't his predictions always been like this? It's a loop really, he predicts, it fails, he does it again but his predictions don't change. It's just the same predictions always. It's the usual thing where "analysts" spread their so-called analysis and pretty much try to sway the market to how they want to move.
YES, I read a bunch of similar topics in 2017. I also agree that Kiyosaki is just like Schiff, basically predicting crisis while promoting another asset as hedging.His book was okay tho since I gained some insight years ago before I studied economics. Looking back, his book is just mapping well-known essential stuff in business and economics.
December 14, 2021, 12:14:54 PM
When a person who constantly makes the same prediction does it again, there's really nothing special about it. If it was some prominent economist who actually makes in-depth analysis and is not known to have biases or ulterior motives, then it would be something that you would want to pay attention to.
Sooner or later we'll have a global economic crisis again, but this doesn't mean that those who warned about it were right - after all, if you make the same prediction over and over, you will get right eventually, but you will also be wrong most of the time. If they can't predict a close enough timing, such predictions are worthless.
Sooner or later we'll have a global economic crisis again, but this doesn't mean that those who warned about it were right - after all, if you make the same prediction over and over, you will get right eventually, but you will also be wrong most of the time. If they can't predict a close enough timing, such predictions are worthless.
Do not forget what economic principles are issued, whether it is words, or things related to money, economists must benefit. Well as it is now being predicted and analyzed it also has the advantage of creating concerns out there. There will always be moments to take advantage of certain situations.
In fact, speaking of the crisis, America is starting to refuse to exacerbate its current inflation. Now what is happening is still in its early stages, so the possibility of a crisis could have started earlier and taken the world economists by surprise who eventually turned to Bitcoin investment. Their reasoning is that Bitcoin has nothing to do with the economy of any country's government, so if inflation occurs in a country Bitcoin can secure its finances for a long time.
December 14, 2021, 11:21:11 AM
Have you heard of Dr.Doom? I would also call the one in question this nickname, because these are people who have become rich by constantly talking about financial crashes, economic crises, and inflation. The thing is, we need to constantly find new naive people who will believe in it, because it is enough to read the comments below the article to get an insight into what people actually think about him. I believe he will make a lot more money, most who listen to him will lose.
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This guy is notoriously known for pumping silver back in 2010/2011 saying silver was going to $6,000 per ounce. Then, silver hit $50 and crashed. Kiyosaki is a clown IMO.
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This man has ZERO credibility. I actually was fooled and bought this man's book. I have lost a lot of money listening to this fool which made me a bigger fool.
December 14, 2021, 10:57:38 AM
Economic conditions in the future will not be good because the reason is clear is a pandemic, but if it is said that the market will crash, it seems that all governments have prepared their anticipation as the US is currently doing in its policy of tightening money supply, tappering off and other policies. If we worry too much, our thinking patterns will be divided into problems so that the investment decisions we make will be biased.
December 14, 2021, 10:36:24 AM
I don't like people spreading panic, and from the comments above I see that this guy, Mr. Robert Kiyosaki, is one of those people. The more I read about him, the more it looks like he cares about one and one thing only - to sell more books. Also it looks like he's overall a shady person. So, I wouldn't trust him.
Regarding the possible upcoming market crash, I think it's inevitable at some point in the future, but I believe that humanity is evolving through previous crashes to cope with the next ones better.
Regarding the possible upcoming market crash, I think it's inevitable at some point in the future, but I believe that humanity is evolving through previous crashes to cope with the next ones better.
December 14, 2021, 10:13:13 AM
You can treat Kiyosaki in any way. But it is worth reading and comprehending it! The forecast of a fall in the global economy is more reality than it might seem. Here Covid19 "helped", and the impending collapse of the Chinese economy, and problems for the American economy, and therefore for the whole world.
Believe it or not, again, the thought of "buying gold, bitcoins and real estate when the price drops" is a call to very good action. Yes, first of all, do not forget the words - "when the price falls"
Believe it or not, again, the thought of "buying gold, bitcoins and real estate when the price drops" is a call to very good action. Yes, first of all, do not forget the words - "when the price falls"
That's a very important part indeed - when the price falls! Now every individual would have a different limits set for themselves. For example, some may think to buy bitcoin when it falls down to 40k level and for some the market is already at the bottom. So it's interesting to see how Robert Kiyosaki thinks of a bottom at which he would start buying.
For a wealthy investor like him, would not be a big challenge. But for commoners like us, it would be a great deal of effort and money. But looking at the way various countries printing money, high inflation might kick off sooner than later!
December 14, 2021, 10:01:42 AM
Working in finance I am always seeing people making statements like these, and the vast majority (and I mean vast majority) are always wrong. While he may be saying this, there are plenty of other people who are speaking a different tune. I just read a few reports from large banks like JP Morgan Chase and well known economists who believe that we have a lot more room to run.
The important thing to remember even if we have a market crash, don’t panic sell, stick to your plan !!
The important thing to remember even if we have a market crash, don’t panic sell, stick to your plan !!
December 14, 2021, 09:29:15 AM
He just tells people to be aware of the market crash and we know that will happen sooner or later but unfortunately, he doesn't know when that will happen. It seems he wants to use the market crash time for himself by buying bitcoin and altcoin because I think he is late to join in crypto. People who have already been in crypto for a long time will not be surprised by the crash because they know the crash will be there and only be careful that they can do and act based on the situations and use that moment for their own benefit. But
December 14, 2021, 09:06:22 AM
Also, he said that he plans to buy gold, bitcoin, and real estate when the price goes down. Mr. Robert Kiyosaki is a prominent investor who has a net worth of more than 100 million dollars and also a supporter of bitcoin.
OP, are you familiar with who Rober Kiyosaki is? If you were, you would know his statements about buying gold and whatever else are complete bullshit. He's been saying the same thing over and over for years, and the fact is that he's a permabull on certain asset classes (like gold and silver). And these kinds of predictions are being--and have been--made by the likes of him and Mike Maloney and Peter Schiff constantly. Just like the media and government, they want you to be living in economic fear or fear in general. That makes it much easier to manipulate you to do things such as buying metals (in the case of Kiyosaki). Don't fall for this crap, and my advice would be to just ignore him and others of his ilk.
Now that this is the case, I think that I will not follow most of what he is saying starting now especially in assets like Gold, Silver and Real Estate.
Expectations and predictions are almost the same. Its just they used different words but in the end, they don't know what will happen in the future accurately. Well, its possible that they are just spreading fear to all of the people to sell all of their holdings. In this case then, many will do the opposite including him. This is how an influential person is that powerful. They can manipulate assets at their own will if they want to.
December 14, 2021, 07:14:32 AM
"even a broken clock is right twice a day."
He's no different from the likes of Peter Schiff; the difference is just that Kiyosaki has some bitcoin. If you call a crash every year, at some point you're going to be right; but that doesn't mean your portfolio is going to get optimal results.
He's no different from the likes of Peter Schiff; the difference is just that Kiyosaki has some bitcoin. If you call a crash every year, at some point you're going to be right; but that doesn't mean your portfolio is going to get optimal results.
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