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[jumanji0881]

The Biggest Crash In History Is Coming? Kiyosaki Says So... : https://www.zerohedge.com/markets/biggest-crash-history-coming-kiyosaki-says-so

My Comment: Conditions 1-3 (see below) are in place and conditions 4 (Real Estate bubble Bursting) and 5 (Yen & Yuan) are in the making. After 35 years of Fed induced speculation and bubble creation, the fallout will be tremendous.

Excerpts:
Robert Kiyosaki recently tweeted, “The best time to prepare for a crash is before the crash. The biggest crash in world history is coming. The good news is the best time to get rich is during a crash. The bad news is the next crash will be a long one.”

Again, every financial bubble, regardless of the underlying drivers, had several things in common:
* Tremendous amounts of speculative interest by retail investors.
* A sincere belief “this time was different:” and,
* A tragic ending that devastated financial fortunes.

This time is likely no different.
Timing Is Everything
So, yes, a crash is coming.
However, the problem is the “when.”
A crash could come at any time, next month, next year, or another decade.

However, historically speaking, crashes have always resulted from just a few issues.
1) An unexpected, exogencous event that changes economic outlooks (Geopolitical Crisis, War, Pandemic)
2) A rapid increase in interest rates.
3) A sudden surge in inflation.
4) Credit-related events that impact the financial system (Bankruptcies, Real Estate foreclosures, defaults)
5) Monetary event (currency crisis)

Almost every financial crisis in history boils down ultimately to one of those five factors and mainly a credit-related event. Importantly, the event is always unexpected. Such is what causes the rapid change in sentiment from “greed” to “fear.”