Robert Kiyosaki Warns of Next Bank to Collapse: Implications for Global Economy and China’s Dominance
Renowned finance expert and author Robert Kiyosaki recently cautioned that the Bank of Japan (BOJ) could be the next global financial institution to fail, given its heavy involvement in financing the derivatives market.
In this article, we break down Kiyosaki’s comments and what they could mean for the global economy.
The derivatives market and the BOJ’s role
Kiyosaki pointed out that the BOJ financed the derivatives markets, which Warren Buffett called “weapons of mass financial destruction.”
The global derivatives market is now valued at a staggering quadrillion dollars, with the BOJ’s involvement putting it in a vulnerable position. The author argued that this threat to the global economy is far from over.
Money-printing and interest rates
Kiyosaki also criticized the Federal Reserve’s aggressive rate hike strategy and money-printing habits since 2008, stating that interest rates had been dropping but were suddenly going up.
He argued that the rate hikes were too rapid and pointed out that Powell had raised interest rates faster than ever. Kiyosaki suggested that gold and silver are safer investments in this environment.
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Implications for China’s dominance
The author warned that a potential collapse of the BOJ could give China another opportunity to assert its dominance in the global economy. China has taken aggressive steps to compete economically and replace the US dollar with the yuan. The communist country’s growing influence, exemplified by the Belt and Road Initiative, has garnered increasing support.
Significant implications for the global economy
Kiyosaki’s warnings about the global economy state that the current tremors could have significant implications. Investors should be on guard, and Kiyosaki suggested staying flexible and paying attention to the changing macroeconomic landscape.
Overall, Kiyosaki’s warning of a potential BOJ collapse and its implications for the global economy and China’s dominance highlights the fragility of the financial system and the need for caution in investing.
Andrey Kunev
Reporter at CoinsPress
Andrey Kunev is a knowledgeable cryptocurrency content creator passionate about the crypto market. With extensive experience in market analysis and investment reporting, Andrey is a valuable asset to the CoinsPress team. As a frequent contributor, he offers insightful and comprehensive coverage of market trends, price fluctuations, and new advancements in cryptocurrency. Whether you're a seasoned investor or just getting started, Andrey's clear and concise writing offers a comprehensive look at the current state of the crypto market and its prospects. Stay up-to-date with CoinsPress's expert analysis and commentary on all things cryptocurrency.
