Financial expert Robert Kiyosaki warns of the potential consequences of Banks fail and highlights the benefits of Cryptocurrency as an alternative in Recent interview.
In an interview with Fox Business, financial Expert Robert Kiyosaki warns of the consequences of Bank failures and the impact they can have on the economy in Recent interview. According to Kiyosaki, the current Banking services system Unstable, Ib market Do causeAnd people need to prepare for worst case scenario.
Kiyosaki thought current financial system Faulty because it is standing on debt.
banks constantly creating and lending money out to peoplebut they don’t actually have the extension money They lend on to hand in. this issue means that full system He is built on a house of cards Collapse can happen down at any moment.
So, what would happen if some of banks failed?
Kiyosaki warns of this bank Failure can lead to a massive economic collapse. People will lose their savings, and value of the dollar will head in downward spiral.
the government will step in for support up the system which will cause Inflation, but it will not be enough to prevent a complete financial collapse. That’s another place assets like gold, silver and bitcoin It comes inaccording to the author and investor.
Kiyosaki thinks so bitcoin and encryption are viable alternatives to traditional Banking services system. Cryptocurrencies are decentralized, which means they are not controlled by any of them government or central authority. For this reasonHe says, hmm more stable and safe from traditional currencies.
Kiyosaki points out This encryption has many advantages over traditional currencies. For example, cryptocurrencies are borderless, which means they can be used anywhere in the world, unlike Fiat. that it also Highly divisible, which makes it perfect for The smallest peer-to-peer transactions.
Of course, there are risks when it comes to investing in Cryptocurrency as well. the market fickle, value of Cryptocurrencies can fluctuate wildly. However, Kiyosaki believes that the potential rewards And the benefits of Encryption outweighs the risks.
