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Robert Kiyosaki: The U.S. Dollar Is Dead

Rich Dad, Released on Released on 7/31/20

The coronavirus pandemic is driving a major crisis in the commercial real estate industry. Two sources are CLO, a type of collateralized debt obligation, which is often corporate loans with low credit ratings or loans taken out by private equity firms to conduct leveraged buyouts. And CMBS, Collateralized Loan Obligations, which are backed by commercial mortgages rather than residential real estate.

In Robert Kiyosaki’s latest quarantine update, he explains this tweet:

“Q: Why are both the stock market and gold high? A: Because the US dollar is dying. Problem in CMBS Commercial Backed Mortgage Securities means office buildings, shopping malls & hotels are broke. CLO Collateralized Loan Obligation problems means CEOs are broke. Got G-S-BC?”
Watch what Robert has to say about the stock market and gold to be high during an economic crisis and what you can do to prepare during the turbulent economic times.

Robert Kiyosaki is best known as the author of Rich Dad Poor Dad, the #1 personal finance book of all time. His book titles hold four of the top ten spots on Nielsen Bookscan List’s Life-to-Date Sales from 2001-2008 alone. Robert is an educational Entrepreneur and real estate tycoon, co-creator of the CASHFLOW® board game, founder of the financial education-based Rich Dad Company and author of New York Times Bestsellers: Rich Dad’s Conspiracy of the Rich, and Unfair Advantage: The Power of Financial Education. Robert Kiyosaki is among the first to have warned Americans of an impending collapse in the US real estate market, famously prophesizing, “Your home is not an investment,” years before the Panic of 2008. His latest book is Fake: How Lies are Making the Poor and the Middle-Class Poorer.

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