![]() ![]() Her argument is that finance for the sake of finance is bad for business-and capitalism as a whole. As a Bloomberg review puts it, “She isn’t peddling a vision of neo-socialism, à la Thomas Piketty or Bernie Sanders. In “Makers and Takers,” Foroohar says our financial system is just as vulnerable now as it was ahead of the 2008 financial crisis and that the “financialization of America” is threatening our future. ![]() 'You cannot follow your parents rules of money,' said Robert. is fantastic,” says Kiyosaki of the author of this book. The author of financial best-seller 'Rich Dad Poor Dad' has some unusual advice for millennials in his new book: Saving is for losers. Makers and Takers: The Rise of Finance and the Fall of American Business, by Rana Foroohar The good news is you make more money on a crash than you do going up.” And what talking about is the Fed and the central banks, like the European Central Bank, the Bank of Japan, People’s Bank of China. Something is going to force us to change. He’s saying we’re at a T-junction in the economy. He’s saying we have less than three years. “I think is one of the smartest guys in the world. In January, Time called it “The One Economic Book You Must Read Now.”Įl-Erian, an economist, former investment manager and commentator (whose work appears on MarketWatch via Project Syndicate) says our current economic path, one in which central banks have been the “critical policy actors”, is coming to an end and the choices we make now will determine if we are headed for renewed growth and financial stability, or recession and disorder. Kiyosaki isn’t the only person to sing the praises of this book exploring the future of the global economy and markets. The opportunities will occur when the crash is followed by a gradual recovery.The Only Game in Town: Central Banks, Instability, and Avoiding the Next Collapse, by Mohamed A. “If there is a crash, a lot of bargains will be available,” he projects. Kiyosaki says the opportunities for investors will come when real estate values drop. He added that property prices might tank when another economic disaster hits, and prudent investors need to be prepared to write out a downturn. ![]() “If you are counting on property (always) going up, you could be wrong,” Kiyosaki warns. One area of investment Kiyosaki is an expert at is real estate. “I am pessimistic about a crash … but it is also the best time to get rich,” Kiyosaki claims. What Kiyosaki says investors need to know: Win for entrepreneurs At the same time, he sees this as increasing the threat of a violent conflict. Kiyosaki believes China is ascending to take over the current US leadership of the global economy. The rise of China is another major factor. “Something is happening in the world that hasn’t happened before.”Īmong the warning signs Kiyosaki sees are America’s waning influence and internal divisions and years of Western governments printing “too much money” as major red flags. “We are living in the time of the greatest change in economic history,” Kiyosaki said. The American businessman and author points to many signs while emphasizing: “What I am talking about is the macro and historic picture.” In the strongest of terms, economically speaking, Kiyosaki told the Daily Telegraph in an exclusive interview: “We are on the verge of war right now.” Seeing the warning signs “2008 was the first big crash, and a bigger crash is coming,” he said, explaining that currently, as had occurred in 2008, world governments are printing too much money. He did not elaborate on how severe the crash would be or when it would occur. Now, Kiyosaki is warning that an economic crash “worse” than the 2008 global recession is coming. It features personal finance, entrepreneurship, business investing, financial literacy, and financial independence lessons. The book was co-written by CPA Sharon Lechter and has sold over 32 million copies. Robert Kiyosaki is the author of over 26 books and is most well-known for the 1997 book Rich Dad Poor Dad. Robert Kiyosaki, the author of the massively successful personal-finance book Rich Dad Poor Dad, warns a significant global economic crash is coming, but also says it will provide opportunities where “entrepreneurs are going to win.” Rich Dad Poor Dad author Robert Kiyosaki warns crash worse than 2008 recession coming ![]()
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