Robert Kiyosaki, author of the personal finance book “Rich Dad Poor Dad,” has highlighted variables that are likely to contribute to a future economic collapse. Notably, with skyrocketing inflation and rising interest rates, Kiyosaki has in the past made a bleak forecast, claiming the economy is in the largest bubble in global history and that a catastrophic crash is coming.
During his most recent episode of The Rich Dad Radio Show, which aired and published on December 7, Kiyosaki and his guest, the American author and attorney Jim Rickards, discussed key variables that, if poorly handled, may cause the economy to collapse.
The unstable supply chain structure, which Kiyosaki warned was “coming to a head,” topped the list. According to Rickards, the supply chain is the backbone of the economy and cannot be controlled owing to its complexity.
The supply chain does not contribute to the economy. The economy is the supply chain. Rickards said, “They are so vast, so comprehensive, and have so many moving elements that you can model them theoretically and apply some mathematics, but no one can really explain them.”
Simultaneously, Kiyosaki and Rickards noted that the supply chain is connected to the monetary sector, which is feeling the heat of skyrocketing inflation.
“And I attended school at King’s Point, where we were taught that supply chain is macro, macro, macro, and if you don’t see the macro, you won’t notice the micro,” Kiyosaki said.
In addition, the two writers concluded that the economic situation might deteriorate if the present inflation turns into a depression and contributes to a potential liquidity crisis. In fact, as recounted by Finbold, Kiyosaki predicted that growing inflation would likely wipe off almost fifty percent of the U.S. population.