Author and Financial Education Lawyer Robert Kiyosaki advises people to buy assets such as gold, silver, Bitcoin and Ethereum in preparation for the “biggest collapse in history”. As a reason, he points to a possible government shutdown due to budget problems from Washington. Robert Kiyosaki also talks about the debt crisis of Chinese property developer Evergrande, noting that the company’s collapse could have dire effects beyond the Chinese markets. Robert Kiyosaki’s assessment and analysis Cryptocoin. com we have compiled for you.

“Get gold, silver, Bitcoin, Ethereum before your big crash!”

Referring to the two scenarios, Robert Kiyosaki claims that both the US government and China’s largest real estate developer Evergrande are out of money. He then urged his 1.7 million Twitter followers to buy assets, including gold and Bitcoin, before the seemingly inevitable crash:

The US government is free. Shutdown is approaching. Demokradollarsar blames Republicans for the problem. Evergrande is China’s largest real estate company, with 800 free projects in 200 cities. Did you get the message? Get gold, silver, Bitcoin, Ethereum before the biggest crash in history. Be mindful.

https://twitter. com/theRealKiyosaki/status/1441120804637270017

White House budget office advises government agencies to prepare for shutdown

On Thursday, the White House’s Office of Management and Budget warned government agencies that failing to issue the budget on time could result in a shutdown next week. The House Democrats, which runs until September 30, voted on Tuesday a bill to allocate emergency funds to secure government funds, suspend the debt ceiling and help Afghan refugees resettle and rebuild communities affected by the recent natural disasters.

The challenge lies in Senate approval, as Republicans have already pledged to block the bill. This will lead to America’s first shutdown in the Covid era. The effects will be crippling the already strained health system and the failure to pay hundreds of thousands of federal workers until funding is available.

Evergrande event and its possible effects for international markets

The property developer, China’s largest by sales, had previously warned investors that it could default on $300 billion in debt. It seems that the collapse of Evergrande, which has more than 1,300 projects and more than 200,000 employees in more than 280 Chinese cities, will have serious consequences not only for China but also globally. According to a report by The Guardian, a Barclays analyst comments:

A possible Evergrande default could be a significant drag on the real estate industry. However, we think this is far from being China’s Lehman affair.

Jimmy Chang, Chief Investment Officer of the Rockefeller Global Family Office, believes international markets could also be affected:

If China has a serious k problem because of Evergrande, the rest of the global will be affected as well.

While there is always a slim chance that the impending shutdown can be averted and the Chinese government can step in and try to mitigate the impact of the Evergrande issue, it’s always good to be cautious, according to analyst Tukiya Mutanya. The analyst states that although crypto money, like any investment, has its own risk, it is used by some as a measure against inflation in uncertain conditions and will continue to be used.

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Michael Lewis


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