Robert Kiyosaki warns of the biggest economic crash in history

- Robert Kiyosaki Predicts the Largest Economic Collapse in History - Experts Warn of Excessive Financial Market Bubble [Unblock Media] Recently, renowned economic expert and author of "Rich Dad Poor Dad," Robert Kiyosaki, claimed that the current global economic situation is facing a severe crisis, stating, "THE EVERYTHING BUBBLE is bursting. I am afraid this crash may be the biggest in history." His statement has garnered significant attention, although there is ongoing debate about the credibility of his predictions. Kiyosaki warned that this economic crisis could be the largest collapse in history, mentioning that 'all bubbles' are bursting. To assess whether his statements are exaggerated or have a factual basis, it is essential to consider the opinions of various economic experts. Economists like Nouriel Roubini share Kiyosaki's concerns, pointing out that the current financial market is excessively inflated and at high risk of a bubble burst. Roubini particularly highlighted that increasing debt, rising inflation, and changes in central bank interest rate policies are exacerbating economic instability. On the other hand, some economists argue that the current market adjustments are inevitable processes and that instilling excessive fear is undesirable. Kiyosaki strongly criticized government policies, saying, "Unfortunately our incompetent leaders led us into a trap….giant crash." This raises the question: Which specific policy failures have been major contributors to the current economic crisis? One prominent example is the excessive subprime mortgage lending before the 2008 financial crisis. Financial institutions at that time excessively lent to low-credit borrowers, which destabilized the entire financial system. Although the US Federal Reserve and other major central banks implemented large-scale quantitative easing policies to stimulate the market, this led to increased debt levels and abnormally high asset prices. Another significant factor complicating the global economy recently is the trade conflict between the US and China, as well as rising geopolitical tensions. In particular, the Russia-Ukraine war and instability in the Middle East have further amplified economic uncertainties. Kiyosaki mentioned his strategy during the 2008 financial crisis: "I waited…letting the panic and dust settle and then started to look for great real assets on sale…. At Deep discounts." It would be worthwhile to examine whether his strategy was successful. During the 2008 financial crisis, gold prices soared. The average gold price in 2007 was $695.39, rising to $872.37 in 2008, an increase of about 25%. US housing prices fell by over 20% during the crisis but showed a recovery trend afterward. Investors who purchased real estate at low prices during that time reaped substantial long-term profits. The 2008 financial crisis highlighted the need for reliable alternative assets, leading to the emergence of Bitcoin in 2009. Since then, Bitcoin has established itself as a digital gold, representing a significant example of an alternative asset. Robert Kiyosaki's warnings suggest the need for a rational analysis and preparation for the current economic situation rather than mere fear-mongering. Even if his statements are not 100% accurate, considering past economic crisis cases, the current financial market instability is factual. Experts are meticulously analyzing the situation, and investments should be strategically prepared based on lessons learned from past crises. While it is still uncertain how significant the impact of this crisis will be, it is important to seek ways to find opportunities amid economic turmoil, as Kiyosaki suggests.