Robert Kiyosaki, a well-known economist and author of Rich Dad Poor Dad, has once again sounded the alarm on an impending global economic downturn. According to Kiyosaki, the collapse of an 'Everything Bubble' could trigger a depression unlike anything seen before in world history.
Kiyosaki's warning is based on his earlier predictions made 24 years ago in his book Rich Dad's Prophecy. He believes that current macroeconomic trends align with his past forecasts, signaling a potential disaster for the global economy.
The author emphasized that individuals are not powerless during downturns and can take steps to protect themselves. He recommends acquiring alternative assets such as bitcoin, gold, and silver to mitigate risks associated with fiat currency debasement and monetary expansion.