Kiyosaki Forecasts Soaring Inflation and Market Crash, Urges Buying Gold and Preparing to Invest in Next Depression
• Robert Kiyosaki warned exploding US debt will fuel high inflation and weaken the dollar as the government prints more money to pay its bills
• He said the mounting interest payments on debt mean the US must either cut entitlements/military or issue more currency, stoking inflation
• Kiyosaki recommends buying gold and silver since they can't be printed like dollars, so should hold value better amid inflation
• He predicted a market crash is coming soon due to economic mismanagement
• The "Rich Dad Poor Dad" author sees the next Great Depression as a huge opportunity for prepared investors to buy stocks/assets cheaply