The author of the best-selling series of financial books “Rich Dad, Poor Dad”, Robert Kiyosaki highlighted his prediction for a market meltdown is on its way in becoming real.
MarketWatch was already told by Kiyosaki through describing it in his 2002 book “ Rich Dad’s Prophecy” is now on its way and this would also mean that investors need to be really prepared through acquisition of gold and silver. The serving triggers of the big downfall include a wave of selling by 76 million retiring baby boomers who need funds to cover living expenses and China’s economic collapse.
Kiyosaki added that “Demography is destiny”.
From Forbes magazine in 2012, Kiyosaki’s net worth is around $80 million. This estimation is mostly from real estate investments and series of published books. His licensing company, Rich Global LLC, filed a bankruptcy. Due from this filing, he is being sued by a seminar promoter according to MarketWatch.