Robert Kiyosaki On “The Three Times Crash” and Why His Generation With 401Ks Could Be Wiped Out | The Gateway Pundit | by Promoted Post
“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):
Robert Kiyosaki discusses the three stages of dollar devaluation and what he is concerned about.
— Wall Street Silver (@WallStreetSilv) May 31, 2023
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).
While other gold and silver companies have struggled to secure metals for their clients in a timely manner, Genesis Gold Group has leveraged their relationships to seamlessly keep the flow of wealth going into their customers’ depositories. By rolling over any of the various types of retirement accounts their customers currently have, Genesis Gold Group has simplified the process of securing the life’s savings of Americans.
Most people know that Genesis Gold Group customers can physically see their precious metals at their convenience. And when it comes time to take a disbursement, they can convert to cash or have their precious metals shipped directly to their homes.
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Watch conservative actor Dean Cain talk about his endorsement of Genesis Gold Group:
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By rolling over any of the various types of retirement accounts their customers currently have, Genesis Gold Group has simplified the process of securing the life’s savings of countless Americans.
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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.)
