Robert Kiyosaki Says World Economy on the Verge of Collapse — Warns of Bank Runs, Frozen Savings, Bail-Ins

Robert Kiyosaki, best known as the author of the bestseller “Rich Dad, Poor Dad,” said the global economy is on the verge of collapse. He warned investors about the risk of bank runs, savings freezes, and bailouts that could come next.

Robert Kiyosaki on the collapsing global economy

Robert Kiyosaki, author of “Rich Dad, Poor Dad,” has issued an even darker warning about the global economy. Rich Dad, Poor Dad was co-authored by Kiyosaki and Sharon Rector in 1997. It has been on the New York Times bestseller list for more than six years. More than 32 million copies of the book have been sold in more than 109 countries and in over 51 languages.

Kiyosaki said on Thursday that the global economy is on the verge of collapse and warned of several risks that could plague investors. He tweeted.

The global economy is on the verge of collapse. Is a bank run next? Savings freezes? Bail-ins next?

And he urged investors to buy silver.” He pointed out that “real silver coins can be bought for about $25,” and added that if people follow his advice and buy silver coins, they will not make money for themselves. The distinguished author emphasized.

I simply want people to be prepared for what is coming.

During a financial crisis, depositors may panic and withdraw their funds at once, causing banks to run amok and freeze their savings. Also, if a bank faces insolvency problems, a bail-in may be imposed, in which the bank uses depositors’ funds to keep the bank afloat. All of these could cause financial distress to investors.

Kiyosaki often states that he does not trust the Biden administration, the Federal Reserve, the Treasury, or Wall Street. He has previously warned that the Fed’s actions could destroy the U.S. economy and the dollar.

The author of “Rich Dad, Poor Dad” has also repeatedly expressed concern about the upcoming market crash. He recently warned against investing in stocks, bonds, mutual funds, and exchange-traded funds (ETFs), noting that bitcoin, gold, and silver are the best investments in volatile times. He called gold and silver God’s money, while bitcoin is “people’s money.”

Kiyosaki predicted that by 2025, the price of bitcoin will be $500,000, while gold and silver will soar to $5,000 and $500, respectively. This year, he expects the price of gold to reach $3,800 and silver $75. He said holders of gold, silver, and

could make a killing; if the Fed pivots and prints trillions of dollars, BTC