Not too late: Robert Kiyosaki urges investors to consider assets such as Bitcoin, gold, and silver to protect their savings. He believes these traditional forms of currency are better shields against what he calls "increasing financial risks." Kiyosaki has issued a new warning that an economic crisis may be imminent. He points out that the U.S. abandonment of the Gold Standard in 1971 is the root cause of the current instability. Bitcoin: Signals from past crises According to Kiyosaki, the 1998 Long-Term Capital Management incident and the 2008 Wall Street crash were early warnings. He states that these shocks did not cause real problems—they merely indicated deeper troubles. In his view, central banks around the world have patched the holes by injecting cash, but they have never repaired the fundamental cracks. These quick fixes are at risk of being undermined when debt levels are too high.
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Not too late: Robert Kiyosaki urges investors to consider assets such as Bitcoin, gold, and silver to protect their savings. He believes these traditional forms of currency are better shields against what he calls "increasing financial risks." Kiyosaki has issued a new warning that an economic crisis may be imminent. He points out that the U.S. abandonment of the Gold Standard in 1971 is the root cause of the current instability. Bitcoin: Signals from past crises According to Kiyosaki, the 1998 Long-Term Capital Management incident and the 2008 Wall Street crash were early warnings. He states that these shocks did not cause real problems—they merely indicated deeper troubles. In his view, central banks around the world have patched the holes by injecting cash, but they have never repaired the fundamental cracks. These quick fixes are at risk of being undermined when debt levels are too high.