Robert Kiyosaki:"Biggest crash in world history in October"

[Aquarius]

https://www.independent.co.uk/news/world/americas/us-politics/robert-kiyosaki-market-crash-october-b1930754.html

The author of bestselling Rich Dad Poor Dad predicts that a "giant" market crash coming in October has already been triggered and will bring down gold, silver and Bitcoin with it.

Personal finance expert Robert Kiyosaki warned the crash is coming regardless of whether the US debt ceiling is raised or what measures are imposed by Treasury Secretary Janet Yellen or Federal Reserve chair Jerome Powell.

"This is going to be the biggest crash in world history. We have never had this much debt pumped up… the debt to GDP ratio is out of sight," Mr Kiyosaki said.

Mr Kiyosaki said the stock market was being artificially inflated by the Treasury Department and the Federal Reserve with decisions disconnected from the realities of the current economy in the United States.

The reason why Ms Yellen and Mr Powell are "scrambling", he said, is they’ve expanded the volume of money while the velocity of money is plummeting as no one spends and their cash lingers in savings.
Mr Kiyosaki said people don’t have to go to Harvard University to understand that "you can’t keep printing fake money … that’s not good".

"So they pump all this money in, prices go up," he told Kitco News on Wednesday. "So it is transitory inflation, but we’re stacked with this massive debt and all it’s done is bump up the stock market and real estate market."

"The money has not gone into the economy, that’s the sad part. So the rich get richer, but the poor and middle class are getting poorer. It’s tragic what’s happening today."
He added earlier that the "house of cards" is coming down and that real estate would crash with the stock market, while the impact from China’s Evergrande Group implosion would spread to the United States.

Evergrande, the second-largest developer in China, is on the brink of bankruptcy with more than $300bn in debt – the most indebted company in the world.

Mr Kiyosaki is best known for his 1997 book Rich Dad Poor Dad, which advocated the financial literacy that rich parents taught their kids about money that the poor and middle class did not.

While a giant market crash will spell financial disaster for foolish investors, Mr Kiyosaki says the impending market doom is an opportunity for smart investors.
"I like crashes, so this next crash is going to be really, really good, but it’ll bring down gold, silver, Bitcoin stocks, but the good news is a crash is a good time to get rich, so that’s why I’m optimistic and I’m very optimistic on gold silver and Bitcoin, not on stocks," he said.

"So when it comes down, and it’s going to bring everything down with it, that’s when I’m going to be buying more gold, silver, and Bitcoin.”

 

[Ninja 666]

https://www.independent.co.uk/news/world/americas/us-politics/robert-kiyosaki-market-crash-october-b1930754.html

The author of bestselling Rich Dad Poor Dad predicts that a "giant" market crash coming in October has already been triggered and will bring down gold, silver and Bitcoin with it.

Personal finance expert Robert Kiyosaki warned the crash is coming regardless of whether the US debt ceiling is raised or what measures are imposed by Treasury Secretary Janet Yellen or Federal Reserve chair Jerome Powell.

"This is going to be the biggest crash in world history. We have never had this much debt pumped up… the debt to GDP ratio is out of sight," Mr Kiyosaki said.

Mr Kiyosaki said the stock market was being artificially inflated by the Treasury Department and the Federal Reserve with decisions disconnected from the realities of the current economy in the United States.

The reason why Ms Yellen and Mr Powell are "scrambling", he said, is they’ve expanded the volume of money while the velocity of money is plummeting as no one spends and their cash lingers in savings.
Mr Kiyosaki said people don’t have to go to Harvard University to understand that "you can’t keep printing fake money … that’s not good".

"So they pump all this money in, prices go up," he told Kitco News on Wednesday. "So it is transitory inflation, but we’re stacked with this massive debt and all it’s done is bump up the stock market and real estate market."

"The money has not gone into the economy, that’s the sad part. So the rich get richer, but the poor and middle class are getting poorer. It’s tragic what’s happening today."
He added earlier that the "house of cards" is coming down and that real estate would crash with the stock market, while the impact from China’s Evergrande Group implosion would spread to the United States.

Evergrande, the second-largest developer in China, is on the brink of bankruptcy with more than $300bn in debt – the most indebted company in the world.

Mr Kiyosaki is best known for his 1997 book Rich Dad Poor Dad, which advocated the financial literacy that rich parents taught their kids about money that the poor and middle class did not.

While a giant market crash will spell financial disaster for foolish investors, Mr Kiyosaki says the impending market doom is an opportunity for smart investors.
"I like crashes, so this next crash is going to be really, really good, but it’ll bring down gold, silver, Bitcoin stocks, but the good news is a crash is a good time to get rich, so that’s why I’m optimistic and I’m very optimistic on gold silver and Bitcoin, not on stocks," he said.

"So when it comes down, and it’s going to bring everything down with it, that’s when I’m going to be buying more gold, silver, and Bitcoin.”

Considering Robert Kiyosaki's prediction here, do we have any investors here on the forum that have any advice on what to do in regards to the real estate market and the stock market, should this occur?

 

[Aquarius]

https://www.independent.co.uk/news/world/americas/us-politics/robert-kiyosaki-market-crash-october-b1930754.html

The author of bestselling Rich Dad Poor Dad predicts that a "giant" market crash coming in October has already been triggered and will bring down gold, silver and Bitcoin with it.

Personal finance expert Robert Kiyosaki warned the crash is coming regardless of whether the US debt ceiling is raised or what measures are imposed by Treasury Secretary Janet Yellen or Federal Reserve chair Jerome Powell.

"This is going to be the biggest crash in world history. We have never had this much debt pumped up… the debt to GDP ratio is out of sight," Mr Kiyosaki said.

Mr Kiyosaki said the stock market was being artificially inflated by the Treasury Department and the Federal Reserve with decisions disconnected from the realities of the current economy in the United States.

The reason why Ms Yellen and Mr Powell are "scrambling", he said, is they’ve expanded the volume of money while the velocity of money is plummeting as no one spends and their cash lingers in savings.
Mr Kiyosaki said people don’t have to go to Harvard University to understand that "you can’t keep printing fake money … that’s not good".

"So they pump all this money in, prices go up," he told Kitco News on Wednesday. "So it is transitory inflation, but we’re stacked with this massive debt and all it’s done is bump up the stock market and real estate market."

"The money has not gone into the economy, that’s the sad part. So the rich get richer, but the poor and middle class are getting poorer. It’s tragic what’s happening today."
He added earlier that the "house of cards" is coming down and that real estate would crash with the stock market, while the impact from China’s Evergrande Group implosion would spread to the United States.

Evergrande, the second-largest developer in China, is on the brink of bankruptcy with more than $300bn in debt – the most indebted company in the world.

Mr Kiyosaki is best known for his 1997 book Rich Dad Poor Dad, which advocated the financial literacy that rich parents taught their kids about money that the poor and middle class did not.

While a giant market crash will spell financial disaster for foolish investors, Mr Kiyosaki says the impending market doom is an opportunity for smart investors.
"I like crashes, so this next crash is going to be really, really good, but it’ll bring down gold, silver, Bitcoin stocks, but the good news is a crash is a good time to get rich, so that’s why I’m optimistic and I’m very optimistic on gold silver and Bitcoin, not on stocks," he said.

"So when it comes down, and it’s going to bring everything down with it, that’s when I’m going to be buying more gold, silver, and Bitcoin.”

Considering Robert Kiyosaki's prediction here, do we have any investors here on the forum that have any advice on what to do in regards to the real estate market and the stock market, should this occur?

I am not a financial advisor so take my views with an obvious grain of salt.
Crypto right now is growing very fast, my opinion is that the big players want to sell at a higher price before everything crashes and the price will drastically reduce, that's what's I'm gonna be doing too, my crypto investments are at a positive so I'm not losing anything by doing this.
When crashes like this happen real estate will decrease its value, don't buy right now..

 

[Ninja 666]

https://www.independent.co.uk/news/world/americas/us-politics/robert-kiyosaki-market-crash-october-b1930754.html

Considering Robert Kiyosaki's prediction here, do we have any investors here on the forum that have any advice on what to do in regards to the real estate market and the stock market, should this occur?

I am not a financial advisor so take my views with an obvious grain of salt.
Crypto right now is growing very fast, my opinion is that the big players want to sell at a higher price before everything crashes and the price will drastically reduce, that's what's I'm gonna be doing too, my crypto investments are at a positive so I'm not losing anything by doing this.
When crashes like this happen real estate will decrease its value, don't buy right now..

Thank you, Aquarius.

Even though you're not a financial advisor, you gave some clarity on this issue for me.

 

[darkmonkey666]

https://www.independent.co.uk/news/world/americas/us-politics/robert-kiyosaki-market-crash-october-b1930754.html

Considering Robert Kiyosaki's prediction here, do we have any investors here on the forum that have any advice on what to do in regards to the real estate market and the stock market, should this occur?

I am not a financial advisor so take my views with an obvious grain of salt.
Crypto right now is growing very fast, my opinion is that the big players want to sell at a higher price before everything crashes and the price will drastically reduce, that's what's I'm gonna be doing too, my crypto investments are at a positive so I'm not losing anything by doing this.
When crashes like this happen real estate will decrease its value, don't buy right now..

Yes and don't be emotionally attached to your stocks or crypto assets or just think this will keep going higher or go back up. When it looks like it's about to crash or go down a lot make a freaking move.

I lost so much money this way not selling when I should have or buying when I shouldn't. Now I am more smart with it I actually made a little profit.

Also hold onto assets longer don't just day trade and move onto some other asset. I learned to sell higher then when it goes back down buy the dip of same asset.

Part of this also is intuition and logic if your mind is screaming something listen. If you see a pattern it probably will be repeated again in the future.

 

[Stormblood]

Learning technical and fundamental analysis would help a lot in the long run. Study hard. For example, when it comes to technical analysis and you have chosen one or two strategies to master, do 100 or more chart analysis every day. It will benefit you.