There are some that we can trust with advice on the economy more than others. Robert Kiyosaki is one of those people. Not only is he a successful and prosperous business man, but he is a top national financial advisor as well. He has made an empire from educating others about their financial situations. When he tells us all something about the economy, we should listen.
That is what makes his recent prediction even more frightening. Robert has crunched the numbers, consulted piles of data, and come to the conclusion that we are in trouble in 2016. All his research points to 2016 being the year that the United States falls into deep economic depression that will change our world forever.
The crisis that Robert has predicted closely models the Great Depression of the 1930’s, just worse. The lower and middle class will be swallowed up into poverty and the rich will become more and more affluent. The current balance of classes will disappear leaving behind a majority of Americans with no way to stay above water.
Currency will lose its value and the entire global market will eventually fold under the pressure. Over the next 20 years, Robert expects our world to struggle in the depths of staggering recession.
How could something so big be coming so unexpectedly?
The truth is that this could have been evident to anyone taking a really good look into the current state of the world. Large, formerly prosperous governments have already begun to go under. Whether they fell to banking crisis’s, bad planning, or turbulent states of union is a nonfactor.
What matters is that their failure set the stage for the looming failure in the United States to finish decimating the world’s finances. As one of the world’s most powerful countries, we hold a large piece of responsibility in keeping things running smoothly. Unfortunately, we have been overlooking a pretty large flaw in our system for a very long time.
What makes 2016 stand out as the year we really mess things up is one thing. This year the Baby Boomers (some of whom have been collecting social security checks for the last eight years) turn 70 and that means now that all of them have to start claiming their retirement benefits from social security and 401(k).
Just how many people will start pulling their money out of the stock market? The U.S. Census Bureau’s data tells us that more than 76 million people were born between 1946 and 1964. Researchers at the Population Reference Bureau determined in 2014 that there were still 65 million of them still alive. Once you factor in immigrants that have arrived, that number goes back up to more than 76 million.
That translates to 76 million people starting to take their money out of the markets in 2016. All of which will cause a major market meltdown.
“Demography is destiny,” Robert is quoted as saying.
Social security was set up originally to be a safety net for old age. Our government wanted no man to work his whole life just to be thrown into poverty once he was too old to continue work.
As a whole this sounds like a perfect set up, but it never accounted for when more individuals are drawing from it than contributing to it. It also never accounted for those who wanted to use others as a means of profit. As these two things slowly become a reality, our increasingly fragile system will begin to fracture and crumble. The hardest part will be watching us fall, but knowing there is nothing we can do to stop it from happening.
Robert suggests at least protecting yourself in this time of impending crisis. His prediction says that those who are saving and holding onto their dollars and dimes will be the most effected.
If you think about this, it makes perfect sense. A man who has saved his whole life and built a bank account of thousands of dollars is only safe as long as the banks are safe.
The second the banks lose their Federal Reserve guarantee, that man will lose his money. The second our currency loses its value, every single dollar you have to your name will be worthless. Don’t be one of those that loses everything.
In order to protect yourself in the event of this crisis, you should secure the guarantee of continued investment. Looking back over the history of the world, currency is not the best investment. They come and go with the ebb and flow of societal changes.
What will always have value are the precious metals that our entire currency system is sustained by in the first place. Skip the middle man that is paper money and put your investments into gold and silver.
According to Robert, these two metals will help to ensure you don’t lose it all when the banks fall. Silver and gold are a guarantee of security in a coming time that will test all of our limits. Think about how you can get your hands in the metals market today because if there is any man handing out financial advice that we should take, it is Robert Kiyosaki.
Regards,
Ethan Warrick
Editor
Wealth Authority
