• Robert Kiyosaki, author of Rich Dad Poor Dad, warns of a global recession with soaring bankruptcies, unemployment, and homelessness.
• He noted that there is good news for investors looking for “bargains” such as gold, silver, and bitcoin.
• In September last year, the World Bank reported that the risk of a global recession in 2023 is increasing as central banks hike interest rates in response to inflation.
The famous author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, recently shared his thoughts on the current state of the world economy. He warned of a global recession that could bring soaring bankruptcies, unemployment, and homelessness. However, he also noted that there is good news for investors who are willing to take advantage of the situation, as there could be potential “bargains” in gold, silver, and bitcoin.
Kiyosaki’s warnings echo those of the World Bank in September last year, which reported that the risk of a global recession in 2023 is increasing as central banks around the world simultaneously hike interest rates in response to inflation. The International Monetary Fund also echoed the warnings, stating that the global economic outlook is uncertain and could be affected by a variety of factors, including the COVID-19 pandemic and trade wars.
Kiyosaki is not the only one concerned about the potential implications of a global recession. In April, he warned that the U.S. dollar is about to implode and that real estate is crashing and layoffs are starting. He reiterated his warnings in May, saying “bad news. Depression coming”.
The potential implications of a global recession are far-reaching. Bankruptcy, unemployment, and homelessness could soar, while retirees could be left struggling financially. In the face of these potential outcomes, Kiyosaki has advised investors to be on the lookout for potential “bargains” in gold, silver, and bitcoin.
In order to prepare for a potential global recession, experts have advised investors to diversify their portfolios, as well as to invest in companies that could perform well in a downturn. They have also urged people to be aware of their personal finances, as cutting back on unnecessary expenses and increasing savings could help to reduce financial stress.
It is clear that the global economic outlook is uncertain. Robert Kiyosaki has warned of a global recession and the potential implications it could bring. While this may be a worrying prospect for many, there could also be some potential “bargains” for investors willing to take the risk. Therefore, it is important to remain vigilant and prepared for whatever may come.