Entrepreneur Robert Kiyosaki predicts a massive global economic collapse in the coming year, citing historical prophecies. The investor plans to grow his capital during the recession by completely rejecting traditional financial instruments. He criticizes the conventional system and advises moving liquidity into reserves outside government control.
Kiyosaki Rejects Fiat
The businessman explains the principles of his KISS strategy to his followers, highlighting the simplest possible approach to investing. His portfolio completely excludes S&P 500 stocks, mutual funds, ETFs, and US government bonds.
“I do not invest in anything that the government, banks, or Wall Street can print,” Kiyosaki explained regarding his stance on fiat money.
The investor exclusively holds physical and digital assets. According to him, regulators cannot devalue these instruments through artificial printing and inflation.
Bitcoin, Ether, and Texas Oil
BTC, ETH, gold, and silver serve as his primary defense mechanisms. The entrepreneur recalls buying his first six BTC for $600, spending his last remaining funds to do so.
Beyond digital assets, the businessman actively acquires real-sector businesses. He owns Texas oil wells, breeds Wagyu cattle, and leases commercial real estate to diversify his income.
Warren Buffett’s Example
Kiyosaki backs his macroeconomic forecast with the recent moves of Warren Buffett. The head of the investment firm sold billions of dollars in securities and built a record cash reserve to buy discounted assets during a market correction.
“Those who simply buy, hold, and pray will become the biggest losers in this cycle,” Kiyosaki concluded.
He advises traders and holders to prepare available capital to quickly buy cryptocurrencies and hard assets at the absolute market bottom.