Robert Kiyosaki is of the opinion that the warning symptoms of an economic collapse may have already begun.
Robert Kiyosaki, who rose to fame as the author of the international best-seller “Rich Dad, Poor Dad,” has taken a particular interest in bitcoin during the most recent bull run, which saw the price of bitcoin…
I’ll defer to your judgment on that matter.
While all is going on, Robert Kiyosaki is keeping a close eye on what is transpiring in the financial markets as well as the overall economy. Robert Kiyosaki and Jim Rickards, who was a guest on the most recent edition of the Rich Dad Radio Show, which was broadcast on December 7, 2022, addressed the elements that pose a risk to the economy of the whole world. Both parties spoke on the status of the economy throughout the world right now.
According to Robert Kiyosaki, the current situation of the economy is the greatest bubble in the course of the world’s history. Nothing less than that! Robert Kiyosaki and Jim Rickards have singled out three primary variables that, if allowed to play out as they are now, would inevitably result in an economic meltdown in the not-too-distant future. They are shown here.
1. A breakdown in the supply chain
The two individuals have determined that a disruption in the supply chain is the primary issue that poses a risk to the economy of the whole world. Robert Kiyosaki makes the observation that the supply chain system, which has been in decline for some time, has now reached its apex. Rickards went on to say that this network represents the foundation of the global economy, which is unmanageable due to the high amount of complexity involved. According to what he said, the supply chain is not a component of the economy; rather, it is the economy itself.
2. The acceleration of price increases
After that, the two writers went on to explain that the supply chain is tied to the monetary system, which may experience an increase in inflation because of its connection to it. If the present inflation evolves into a depression, the state of the economy may become much more precarious.
After that, there’s the possibility of a problem with liquidity brought on by the slump.
According to Robert Kiyosaki, a surge in inflation may eliminate around half of the people living in the United States. As a result, he called for the acquisition of precious metals such as gold and silver, which are less susceptible to the collapse of the financial system. In addition, Robert Kiyosaki continues to have a bullish outlook on cryptocurrencies, notably Bitcoin.
3. Uncertainty in the political system
Last but not least, both Robert Kiyosaki and James Rickards believe that the instability of political systems poses a substantial risk to the economy of the whole world. The supply chain is susceptible to the political unsteadiness that exists in states. Rickards separated the competition between the United States and China for control of the global economy in this manner.
This is a significant issue that may determine the course of the future. According to Rickards, the only path to resilience would be for the two nations to cooperate in their efforts to break apart. Because of this, China and the United States will need to reach a settlement in order to determine who will be their partners.
In general, Robert Kiyosaki is of the opinion that the warning indicators of an economic collapse on a worldwide scale are already there. As a bird of evil omen, he joins the ranks of Nouriel Roubini, who has been predicting for months that we are headed for the most severe financial crisis in the history of the world.
