Overview
- On March 15, Robert Kiyosaki warned that a “giant crash” is accelerating, citing investor withdrawals from private-credit funds and trouble at major banks.
- Kiyosaki said he spent millions last week on additional oil wells, gold, silver and Bitcoin, and he added that he is continuing to buy Ethereum.
- He referenced economist Jim Rickards, saying Rickards has declared the United States in a “New Depression.”
- Kiyosaki framed his buying as a departure from Warren Buffett’s liquidity-first strategy, saying he prefers to convert cash into tangible assets.
- He pointed to attacks on oil tankers in the Strait of Hormuz as a driver of higher crude prices that he says benefit his Texas oil wells.