"Rich Dad, Poor Dad" author Robert Kiyosaki has warned that the Bank of Japan (BOJ) could be the next global superpower to fall.

(Schematic, Bloomberg)

[Financial Channel/Comprehensive Report] Robert Kiyosaki (Robert Kiyosaki), author of the best-selling investment book "Rich Dad, Poor Dad", issued a warning that the Bank of Japan (BOJ) may be the next global super giant to fall.

"Fox Finance Network" reported that Robert Kiyosaki pointed out in an interview a few days ago that the global financial derivatives market is facing serious problems, and the Bank of Japan has not only maintained the country's interest rate at zero for a long time because of its close relationship with the derivatives market , also funds the derivatives market, leaving it in a more vulnerable position and potentially having a greater impact on the global economy.

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Robert Kiyosaki also quoted Warren Buffett as saying that "the derivatives market is a weapon of mass financial destruction", and the Bank of Japan has been providing huge funds for the derivatives market. Today, the global derivatives market is as high as $1,000 trillion, so we haven't seen it yet. The crash is coming.


In addition to the problems in the derivatives market, Robert Kiyosaki also criticized the US government's big money printing and the Federal Reserve's (Fed's) aggressive rate hike strategy.

Robert Kiyosaki said, "Since 2008, interest rates have been falling. Suddenly, interest rates have risen. Fed Chairman Jerome Powell (Jerome Powell) has raised interest rates at the fastest rate ever. Some people would think that he (Powell) is walking. Former Fed Chairman Paul Volcker's way, but it took Volcker years to raise rates, Powell did it in months."

In the late 1970s, the oil crisis broke out, leading to high inflation. Volcker, then chairman of the Federal Reserve, adopted aggressive measures to raise interest rates. Although he succeeded in beating inflation, it also caused an economic recession.

Finally, Robert Kiyosaki also advised investors not to fight against the Fed, and said that he would continue to hold assets such as gold and silver.

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