How to Get RICH During the Upcoming Market CRASH | Robert Kiyosaki

About this video

• Video Title: How to Get RICH During the Upcoming Market CRASH | Robert Kiyosaki
• Channel: The Iced Coffee Hour Clips
• Speakers: Robert Kiyosaki
• Duration: 00:09:44

Overview

This video features Robert Kiyosaki discussing his perspective on market crashes and how to profit from them. He shares his personal experiences, particularly in Zimbabwe, to illustrate the impact of currency devaluation and hyperinflation. Kiyosaki also elaborates on his investment philosophy, emphasizing the importance of assets like gold, silver, Bitcoin, and real estate, while criticizing the Federal Reserve's monetary policies and their effect on the poor and middle class.

Key takeaways

• Market Crashes as Opportunities: Kiyosaki views market crashes not as a threat, but as an opportunity to acquire assets at a lower cost, stating "Everything goes on sale."
• Preference for Tangible Assets: He advocates for saving in gold, silver, Bitcoin, and Ethereum, asserting that these assets tend to increase in value when the government prints more money, unlike fiat currency.
• Criticism of Central Banking: Kiyosaki strongly criticizes central banks, including the Federal Reserve, labeling them as "Marxist" and a cause of homelessness and economic disparity due to money printing.
• Zimbabwe as a Cautionary Tale: His experience in Zimbabwe, where hyperinflation led to a worthless currency and a shift to a barter economy, serves as a warning about the potential consequences of excessive money printing.
• Impact of AI on Employment: Kiyosaki predicts that AI will lead to significant unemployment, displacing not only manual labor but also professions like doctors and lawyers.