Kiyosaki Sees Financial Storm Brewing Amid Bad Weather
Financial expert Robert Kiyosaki has again raised questions about America's financial future, this time linking bad weather to a potential crisis. In a September 26 post about severe storms battering parts of the US, Kiyosaki asked whether the weather is a coincidence or a warning from a 'higher-power' about the country's finances.
Kiyosaki's broader scenario extends from a market crash to possible bank runs and sharp gains in assets he favors. He predicts that a financial crisis could drive Bitcoin and gold prices much higher, reaching $750,000 for Bitcoin and $35,000 an ounce for gold.
The author of Rich Dad Poor Dad attributed the pressure on markets to debt, speculation around artificial intelligence, war in Iran, and the retirement of the baby boom generation. He also predicted that a historic stock and bond market crash had begun, starting in Europe and Japan.
Kiyosaki's predictions extend beyond falling asset prices. He expects fear could escalate into panic and bank runs, followed by renewed money printing. This scenario is conditional on several events occurring in sequence.