“Rich Dad Poor Dad” Robert Kiyosaki: The Biggest Stock Market Crash In World History Is Coming!

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All factors are aligning; economic and financial indicators are signaling; experts are warning that an epic stock market crash is near. At this moment, the S&P 500 and the Dow are at all-time highs despite the huge selloff that happened on Tuesday. The Nasdaq is also close to record levels, and all three indexes went up between 14% and 18% just this year. It’s when the market hits its peak that things start to crumble, and September, historically known as the worst month for stocks, is right at the corner. Right after that comes October, which is remarkably known for the devastating stock market crashes in 1929, 1987, 2008, and, most recently, 2018. And if you haven’t noticed yet, there is a series of determinants weighting upon Wall Street and worrying investors right now. The worsening of the health crisis due to the emergence and fast spread of the Delta variant is one of them, along with concerns about the alarming growth of inflation and how the Federal Reserve will handle it. On top of all that, chaos is looming all over the world with rising threats of civil disorder and social conflicts. All of these factors are adding major pressure to the markets and putting the market’s bull run at risk of derailing.
That’s why investors have been increasingly scared that stocks may soon experience a sizable crash from recent highs. Stocks haven’t faced a reckoning since the first round of lockdowns in March 2020, which resulted in a brief bear market and triggered a 20 percent crash from prior peak levels. But many are still ignoring the fact that the Delta variant could lead to another wave of mass shutdowns and push the economy to another recession. Overvalued stocks and an unrealistic economic outlook are setting the stage for what could be the worst financial catastrophe of the century. The notable investor and personal-finance guru Robert Kiyosaki is alerting that financial markets are moving toward their worst crash ever. In a recent Yahoo Finance interview, the “Poor Dad Rich Dad” author pointed out a number of reasons why we might soon witness a stock market crash like no other. He started by stressing that the US government borrowed too much and debased the dollar, trumpeted the value of debt to investors, and encouraged young people to start businesses without offering the right conditions for them to actually stay in business.
“Build a business that does well in crashes, booms, or busts. Young people shouldn’t go to school and become employees. They should become entrepreneurs and capitalists, and build businesses that create jobs. I’m not saying that having a stock portfolio is right or wrong, but there are other alternatives. Just open your eyes and see how the rich are really getting richer,” he outlined. He also revealed that currently his stock portfolio is empty and he is mainly focusing on Bitcoin. The founder of Rich Global and Rich Dad Company also reminded investors that the entire financial system is changing very fast. His decision to step away from stocks is rooted in a growing concern that investors are becoming too complacent and taking the bull market for granted. “Everyone says the market will stay up two more years. What if bottom falls out tonite? Will you be richer or poorer?” he asked.
Kiyosaki acknowledged that economic booms and surging asset prices, and the thrill of joining the upward path of a bubble can be electrifying, but cautioned that the subsequent downturns are horrifying to live through. “Booms are fun. Everyone is excited,” Kiyosaki wrote on Twitter. “Busts are terrifying. Crashes are terrifying.” For that reason, Kiyosaki has been sounding the alarm on a massive sell-off. “The next [stock market] crash is basically an avalanche waiting for the last snowflake,” he says. “Since 2008, all the federal government has been doing is piling more debt on the mountainside, and they’re just waiting for the next snowflake to hit. It’s going to be the biggest crash in world history,” warned the expert.
Kiyosaki is just one of several high-profile experts who have been sharing their concerns about the current market. The “Big Short” investor Michael Burry and the GMO co-founder Jeremy Grantham both see the greatest bubble ever formed now on the brink of bursting. Likewise, billionaire investors Leon Cooperman, Stanley Druckenmiller, and Jeffrey Gundlach don’t believe the speculative frenzy can last for much longer. All signs are pointing to a stock market crash of unprecedented proportions, and if your assets are on the line, you should run for the exits before it’s too late.”

Epic Economist

Epic Economist

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