‘Biggest’ market crash arrived, ETFs are ‘fake’

Robert Kiyosaki, the author of “Rich Dad Poor Dad”, said that the “biggest stock market” he had planned in his 2014 book “Rich Dad’s Prophecy” has now arrived.

In a recent tweet, the financial guru highlighted what he considers a fundamental vulnerability in modern retirement systems. Kiyosaki has contrasted retirement schemes for today’s contribution (DC) such as 401 (K) S and I will go with the most secure defined (DB) service plans of previous generations.

“In a market accident … A DB pension plan must pay as promised to the investor. In a market crash … A DC pension plan is only held to pay what the investor has contributed … Only if something is not after a market crash, “said Kiyosaki.

The financial educator has attributed this vulnerability to failures in the education system, which, according to him, lacks “credible financial training. He described the current monetary system of “corrupt and criminal monetary Ponzi scheme”.

Kiyosaki: buy gold, silver and bitcoin

Kiyosaki’s solution focuses on possession of physical assets. He specifically urged investors to “take possession of real gold, silver and bitcoin”.

Kiyosaki has also advised ETF investments in these assets, considering them “as false as the US dollar and US bonds”.

His bullish position on Bitcoin (BTC) has intensified with the cryptocurrency initiatives of the Trump administration. In previous tweets, Kiyosaki stressed the importance of Trump’s Bitcoin’s strategic reserve proposal and says that it illustrates leadership.

It should be noted that many managers in the cryptocurrency sector, including Solana (GROUND) Co-prison Anatoly Yakovenko, are skeptical of a reserve.

Kiyosaki was particularly critical of those who abandoned Bitcoin during the recent market volatility.

“The people who have sold bitcoin in the last crash are losers,” he said without any doubt.