Rich Dad Poor Dad author Robert Kiyosaki has warned that the world is heading towards an economic recession that could be even bigger than the 2008 financial crisis. He believes that the fear of unemployment is spreading rapidly and this fear could be the beginning of a new “Great Depression”.
Kiyosaki first predicted in his 2004 book Rich Dad’s Prophecy that instability in the global economy and retirement system could lead to a major economic downturn. Now he says the next economic crisis has already begun.
Meanwhile, the news that Warren Buffett has raised $325 billion in cash by selling stocks has caught everyone’s attention. Kiyosaki believes that Buffett is preparing for a time when real assets (such as gold, silver, oil, real estate, bitcoin) can be bought cheaply.
His message is clear: prepare instead of panicking. Drawing inspiration from the sayings of great leaders from history, he says that opportunity lies hidden in crisis. According to Kiyosaki, this is the time to increase knowledge, save cash and invest in real assets.
If you are prepared, this crisis can become the biggest opportunity of your lifetime. Kiyosaki says, “A crash is not a catastrophe, but an opportunity to reap—if you are prepared.
