The author of "Rich Dad Poor Dad": Moody's downgrades the US debt rating or triggers an economic crisis

Robert Kiyosaki, author of Rich Dad Poor Dad, warns in a new post that a downgrade of US debt by Moody's could lead to higher interest rates, a recession and market collapse, and even a Great Depression similar to 1929. He advises people to become entrepreneurs, invest in real estate that generates cash flow, and hold gold, silver, and bitcoin as safe-haven assets. Kiyosaki emphasizes that the economic crisis may actually be the best time to create wealth, citing "the weak wait for opportunities, the strong create opportunities" to encourage investors to change their mindset.