{"id":2448,"date":"2022-09-28T01:41:39","date_gmt":"2022-09-28T05:41:39","guid":{"rendered":"https:\/\/american-review.org\/sentiment\/?p=2448"},"modified":"2022-09-28T01:41:42","modified_gmt":"2022-09-28T05:41:42","slug":"robert-kiyosaki-is-at-it-again-this-time-hes-predicting-the-end-of-the-world","status":"publish","type":"post","link":"https:\/\/american-review.org\/sentiment\/2022\/09\/28\/robert-kiyosaki-is-at-it-again-this-time-hes-predicting-the-end-of-the-world\/","title":{"rendered":"Robert Kiyosaki is at it again: this time he’s predicting the end of the world"},"content":{"rendered":"\n
\"\"<\/figure>\n\n\n\n
\n

Robert Kiyosaki is at it again\u2026<\/h1>\n\n\n\n

It seems like every few months, self-proclaimed financial guru Robert Kiyosaki pops up on our radar with some new doomsday prediction about the economy. This time, he’s claiming that we’re on the brink of the worst market crash ever\u2014and that smart people can use this impending downturn to get rich quickly. As usual, we’re not buying what he’s selling. Here’s why.<\/p>\n\n\n\n

For starters, Kiyosaki, the author of Rich Dad Poor Dad, a good book, has a history of making wildly inaccurate predictions. Back in 2002, he claimed that the world was headed for an economic collapse and that gold would soon hit $5,000 an ounce. In 2005, he said that oil would reach $200 a barrel by 2007. And in 2006, he predicted that the U.S. economy would experience a “meltdown” by 2009. None of these things came to pass.<\/p>\n\n\n\n

But even if we put Kiyosaki’s track record of failed predictions aside for a moment, his latest claims simply don’t hold up to scrutiny. For instance, he says that now is the time to buy gold and silver because precious metals always go up when the stock market crashes. That may have been true in the past, but it’s not necessarily true now. In fact, gold prices tanked during the last major stock market crash in 2008.<\/p>\n\n\n\n

Kiyosaki also claims that Bitcoin will be a safe haven during the next market crash. Maybe it will be. However, we don’t know how Bitcoin prices will react in a recession. Bitcoin is a much more volatile asset than it was a decade ago, which means there’s no guarantee that it will hold its value during an economic downturn.<\/p>\n\n\n\n

And finally, Kiyosaki says you should buy cans of tuna because they’ll be worth their weight in gold when inflation hits and the economy goes into freefall. We’re not sure where he came up with this one, but rest assured\u2014canned tuna could be a good investment in a food crisis.<\/p>\n\n\n\n

In short, we advise you to take everything Robert Kiyosaki says with a grain of salt. At the same time, our economy is run by amateurs. The man has proven time and time again that his predictions should not be taken seriously. So if you’re looking for sound financial advice, there is an abundance of amateurs to heed advice from.<\/p>\n<\/div><\/div>\n","protected":false},"excerpt":{"rendered":"

It seems like every few months, self-proclaimed financial guru Robert Kiyosaki pops up on our radar with some new doomsday prediction about the economy. This time, he’s claiming that we’re on the brink of the worst market crash ever\u2014and that smart people can use this impending downturn to get rich quickly. As usual, we’re not buying what he’s selling. Here’s why.<\/p>\n","protected":false},"author":1,"featured_media":2449,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mi_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":"","beyondwords_generate_audio":"","beyondwords_project_id":"","beyondwords_podcast_id":"","beyondwords_hash":"","beyondwords_error_message":"","beyondwords_disabled":"","publish_post_to_speechkit":"","speechkit_generate_audio":"","speechkit_project_id":"","speechkit_podcast_id":"","speechkit_hash":"","speechkit_error_message":"","speechkit_disabled":"","speechkit_access_key":"","speechkit_error":"","speechkit_info":"","speechkit_response":"","speechkit_retries":"","_speechkit_link":"","_speechkit_text":""},"categories":[98,21,425],"tags":[756,1115,405,1116,1114],"class_list":["post-2448","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-entertainment","category-review","category-stocks","tag-economic-crash","tag-end-of-the-world","tag-money","tag-rich-dad-poor-dad","tag-robert-kiyosaki"],"jetpack_featured_media_url":"https:\/\/american-review.org\/sentiment\/wp-content\/uploads\/2022\/09\/Robert-Tuna.jpg","_links":{"self":[{"href":"https:\/\/american-review.org\/sentiment\/wp-json\/wp\/v2\/posts\/2448","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/american-review.org\/sentiment\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/american-review.org\/sentiment\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/american-review.org\/sentiment\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/american-review.org\/sentiment\/wp-json\/wp\/v2\/comments?post=2448"}],"version-history":[{"count":0,"href":"https:\/\/american-review.org\/sentiment\/wp-json\/wp\/v2\/posts\/2448\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/american-review.org\/sentiment\/wp-json\/wp\/v2\/media\/2449"}],"wp:attachment":[{"href":"https:\/\/american-review.org\/sentiment\/wp-json\/wp\/v2\/media?parent=2448"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/american-review.org\/sentiment\/wp-json\/wp\/v2\/categories?post=2448"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/american-review.org\/sentiment\/wp-json\/wp\/v2\/tags?post=2448"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}