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  • Rich Dad Poor Dad author Robert Kiyosaki warns ‘biggest crash’ is coming

    From news.com.au

    THE man who wrote one of the top personal finance books of all time has warned we could be heading for the “biggest crash in world history”. Robert Kiyosaki, author of the 1997 bestseller Rich Dad Poor Dad and “self-proclaimed troublemaker”, has a simple piece of advice to protect yourself — buy gold. “All markets boom and bust, it’s just life,” said Kiyosaki, who will be in Australia later this month to headline the Wealth Masters Tour in Sydney, Brisbane and Melbourne. “Unfortunately we had a big crash in 2000, they called it the dotcom crash, then in 2008 it was the subprime real estate crash. ... (full story)

  • #1
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  • Aug 7, 2018 4:18am Aug 7, 2018 4:18am
In a world of blind investors the one eyed one is king. If it is a big crash please remember it was a USA lurch to the left and nothing else.
  • #2
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  • Aug 7, 2018 4:28am Aug 7, 2018 4:28am
He recommend to buy and save a Gold. That's mean, USD$ will drop and Gold up. OK..we see soon, let's play man..
  • #3
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  • Aug 7, 2018 4:35am Aug 7, 2018 4:35am
nothing new, RK likes to promote his tours with headlines, so tell everyone a crash is coming (just don't know when) get's the attention
He makes some interesting points about education.
  • #4
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  • Aug 7, 2018 4:36am Aug 7, 2018 4:36am
There is no big deal in saying crash is coming because any one can say that.

Big deal is to predict date and time for such crash in advance.
Help Others with GOD help
  • #5
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  • Aug 7, 2018 4:41am Aug 7, 2018 4:41am
im against that theory usa dollar will rose go up and gold must be drop below 600 dollar unless we will see soon world war three
  • #6
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  • Aug 7, 2018 5:15am Aug 7, 2018 5:15am
Free marketing... He give no date so that a bit easy... If nothing happen everybody will forgot that he said thatBUT IF THAT HAPPEN, they gonna say : SEE ! I'M A FUCKING PROPHET...... BUY ME BOOK !!"....
  • #7
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  • Aug 7, 2018 5:30am Aug 7, 2018 5:30am
Quoting chaoshydra
Free marketing... He give no date so that a bit easy... If nothing happen everybody will forgot that he said thatBUT IF THAT HAPPEN, they gonna say : SEE ! I'M A FUCKING PROPHET...... BUY ME BOOK !!"....
What ya saying?

The guy is really bad because not giving you freebie??

Ya want a time and date, and personal advice what to sell, and a porn magazine in ya mail box???
Beware of robber banks (RB), bad advisors.
  • #8
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  • Aug 7, 2018 5:33am Aug 7, 2018 5:33am
Quoting JmFinancials
There is no big deal in saying crash is coming because any one can say that.
Big deal is to predict date and time for such crash in advance.
True. Poor guy doesn't know... How nasty of him.

Crash....hmm... Let's see....

How's a cold Monday about 8th of November grab you??
You happy now???

Endless moaners on this site!!!

And here's me saying his books, couple at least, were great inspiration and eye-opener.
Beware of robber banks (RB), bad advisors.
  • #9
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  • Aug 7, 2018 6:31am Aug 7, 2018 6:31am
No doubt next crash will come one day... but these people have been predicting the apocalypse for the last decade. When the real crash comes these doomsayers will be celebrated as prophets. Even a broken clock is right two times a day.

What these guys don't understand is that people learn, make decisions and find solutions.

N.B: I love Robert Kiyosaki learned important lessons from him.
One Good Trade
  • #10
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  • Aug 7, 2018 6:35am Aug 7, 2018 6:35am
Quoting Not-KPMG
{quote} How's a cold Monday about 8th of November grab you??
You do realise you'll have to write a book now?
Anyway, what goes up must come down and vice versa. In my view, the positive cycle is already waning. We're ripe, ladies and gentlemen. 8th of november is as good a guess as any, but could just as well be in 2019, 2020 or 2021. Or tomorrow ;-)
  • #11
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  • Aug 7, 2018 7:02am Aug 7, 2018 7:02am
Quoting AnniLi
In a world of blind investors the one eyed one is king. If it is a big crash please remember it was a USA lurch to the left and nothing else.
?? Left ??
  • #12
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  • Aug 7, 2018 8:36am Aug 7, 2018 8:36am
He must be unloading his property portfolio then?
  • #13
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  • Aug 7, 2018 8:58am Aug 7, 2018 8:58am
Quoting conglomerate
He recommend to buy and save a Gold. That's mean, USD$ will drop and Gold up. OK..we see soon, let's play man..
Yes against gold, usd will drop. But what about against the aud, nzd, gbp, eur? Remembering 2008😉
  • #14
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  • Aug 7, 2018 9:43am Aug 7, 2018 9:43am
Quoting Not-KPMG
{quote} What ya saying? The guy is really bad because not giving you freebie?? Ya want a time and date, and personal advice what to sell, and a porn magazine in ya mail box???
Come on 😁 . No but you get my point . That's the story of the dude making annoucement of rain in the dessert.... So people wait...wait...wait again for month, years.... So most of them die....and suddenly the rain arrive 5 minute and go away....
The dude turn to mostly cadaver and diyng people burn by the sun and say "i told you i was a prophet"...

Since two years we ear that.... So most of the bearish are dead... Of course market gonna crash he always do... But all the idea behind it's to "crash in control".... buy phisique gold coin and silver coin (no paper and no too big like lingot) and your ready for the end of the world . Sorry for my bad english
  • #15
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  • Aug 7, 2018 9:46am Aug 7, 2018 9:46am
  •  Trader#1CD1
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LOL crash happen all the time. Look at an intraday chart....Also, if you are only long, you deserve to lose everything. people dont realize how to risk manage
  • #16
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  • Aug 7, 2018 10:53am Aug 7, 2018 10:53am
Price will trumpet the warning signs before any stock market crash happens well in advance just as they did in 2007/8. Don't expect it to happen overnight, but, the warning signs could well be already apparent. The Dow Jones still has to get back to the levels it was at on January 29th, and until it does, it is always possible that the crash is already underway.
  • #17
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  • Aug 7, 2018 11:04am Aug 7, 2018 11:04am
Quoting cat
Price will trumpet the warning signs before any stock market crash happens well in advance just as they did in 2007/8. Don't expect it to happen overnight, but, the warning signs could well be already apparent. The Dow Jones still has to get back to the levels it was at on January 29th, and until it does, it is always possible that the crash is already underway.
Dow Jones, double top in the making on weekly/monthly timeframe? What do you think?
  • #18
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  • Aug 7, 2018 11:09am Aug 7, 2018 11:09am
only the fool buy gold long because domination of USA is back .
Another crisis is coming about year 2020 at november 8th lol
  • #19
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  • Aug 7, 2018 11:12am Aug 7, 2018 11:12am
Quoting Pipmasterfx
{quote} Dow Jones, double top in the making on weekly/monthly timeframe? What do you think?
It is certainly one to watch, but it's got to get back up there first. It's the 25, 840 - 26,000 level that I'm watching right now, as that is a potentially very strong resistance level for me.
  • #20
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  • Aug 7, 2018 11:21am Aug 7, 2018 11:21am
Quoting cat
{quote} It is certainly one to watch, but it's got to get back up there first. It's the 25, 840 - 26,000 level that I'm watching right now, as that is a potentially very strong resistance level for me.
Im eyeing the same level. Any rejection will form a double top. Btw, looks like nasdaq reach its previous high. Im still waiting to decide on both dow jones and nasdaq. Lets see what will happen later
  • #21
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  • Aug 7, 2018 11:28am Aug 7, 2018 11:28am
By my calcs for every 1 ounce of real gold there are close to 500 claims (ETF's et al), the entire system has been warped beyond recognition by fake suppression of the price of Gold and Silver Globally, when this puppy slips it's leash I'd really want to be exposed to both , and Crypto's, and I'd really not want to be holding Stocks , Real estate (or any other market that relies on vast rivers of debt , now reversing)

Very smart guy, heads up folks or suffer the consequence
  • #22
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  • Aug 7, 2018 11:44am Aug 7, 2018 11:44am
Quoting Pipmasterfx
{quote} Im eyeing the same level. Any rejection will form a double top. Btw, looks like nasdaq reach its previous high. Im still waiting to decide on both dow jones and nasdaq. Lets see what will happen later
Nasdaq is at a very interesting level right now, challenging the all time high. However, to me there are real signs of exhaustion and this level is key. MACD diversion, not confirmed yet, is also worth watching.

I don't see a crash happening this year, but these things unravel relatively quickly. The Dow peaked in October 2007, and although it fell 3,000 pips before pulling back, the shit didn't really hit the fan until Summer 2008. The Dow fell 3,500 pips this January, and now it has pulled back. The weekly chart is very different now to what it was then, as there is far greater upside potential now which could easily see the price breaking into new highs, though watch the 76.4% fib retrace level from the January high, because that looks like it may be a massive test.
  • #23
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  • Aug 7, 2018 12:12pm Aug 7, 2018 12:12pm
Quoting cat
{quote} Nasdaq is at a very interesting level right now, challenging the all time high. However, to me there are real signs of exhaustion and this level is key. MACD diversion, not confirmed yet, is also worth watching. I don't see a crash happening this year, but these things unravel relatively quickly. The Dow peaked in October 2007, and although it fell 3,000 pips before pulling back, the shit didn't really hit the fan until Summer 2008. The Dow fell 3,500 pips this January, and now it has pulled back. The weekly chart is very different now to...
You're right. Macd already print a divergence which indicates slow momentum of buying. However we cant say it will fall soon. That's why im still waiting on both nasdaq and dow. Btw, thanks for sharing your opinion. Ill keep observe the price movement. Happy trading!
  • #24
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  • Aug 7, 2018 12:20pm Aug 7, 2018 12:20pm
Quoting Pipmasterfx
{quote} You're right. Macd already print a divergence which indicates slow momentum of buying. However we cant say it will fall soon. That's why im still waiting on both nasdaq and dow. Btw, thanks for sharing your opinion. Ill keep observe the price movement. Happy trading!
My pleasure. Btw, I've got a thread following the movement on the Dow plus anything else I deem worth posting right here if you're interested... https://www.forexfactory.com/showthread.php?t=787890
  • #25
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  • Aug 7, 2018 2:26pm Aug 7, 2018 2:26pm
Any body knows the greatest crisis is coming and the same doesnt know when exactly, 3-year boy can predict that, we live in artificial world for hundred of centuries and is all the time about to colapse nothing interesting those guy is saying
  • #26
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  • Aug 7, 2018 3:16pm Aug 7, 2018 3:16pm
Quoting cat
{quote} Nasdaq is at a very interesting level right now, challenging the all time high. However, to me there are real signs of exhaustion and this level is key. MACD diversion, not confirmed yet, is also worth watching. I don't see a crash happening this year, but these things unravel relatively quickly. The Dow peaked in October 2007, and although it fell 3,000 pips before pulling back, the shit didn't really hit the fan until Summer 2008. The Dow fell 3,500 pips this January, and now it has pulled back. The weekly chart is very different now to...
I think NQ will collapse pretty soon. Social media stocks will reset underline revenue assumptions.
One Good Trade
  • #27
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  • Aug 7, 2018 3:34pm Aug 7, 2018 3:34pm
Prophet of doom. Where was he when SNB came with shocker in 2015. Why did he not predict one of the greatest Tsunamis of all time?
  • #28
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  • Aug 7, 2018 6:31pm Aug 7, 2018 6:31pm
Though the guy lost all credibility with “Trump is just Trump. He’s a good man,” anyone with any sense should be able to guess that with the rich getting richer and the poor getting poorer, governments and corporations having such an insatiable appetite for growth/profit, at the expense of the environment, workers working conditions and living standards that this is not going to end well, sooner or later. So buying gold is an intelligent strategy to prepare yourself for when something big happens, and at least could offset losses from other trades/investments. As I suggested in another post I like 1180 for Xauusd to start scaling into a LT position and would add at 1045. On low leverage obviously.
Everything will be okay in the end. If it's not okay, it's not the end.
  • #29
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  • Aug 7, 2018 8:47pm Aug 7, 2018 8:47pm
RK should have a good idea of what he is saying considering one of his former partners are at the helm.

Clearly this setup by Trumpie is also a signal to those in the know that its really a time to get you wealth ready and wait to decide when its the time to go in.

The Crash is coming and the likelihood are increasing with every passing year since the economy turned around.
  • #30
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  • Aug 8, 2018 3:14am Aug 8, 2018 3:14am
Quoting 9jatrader
Prophet of doom. Where was he when SNB came with shocker in 2015. Why did he not predict one of the greatest Tsunamis of all time?
It came without notice and dropped 2000 pips in a flash. The SNB were the sole party responsible, they made it happen without warning and obviously must of cleaned up.
You would think insider trading here but, not to be, carry on chaps
  • #31
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  • Aug 8, 2018 7:41am Aug 8, 2018 7:41am
Looking down the comments guys and not a lot I don't agree with here. Crash? Very likely mr Cash as many folk are leveredup to the max and the number of conversations i hear about "buying a house to rent out" I default to the phrase

"You know it's time to sell when shoeshine boys give you stock tips. This bull market is over."

When? I 'd say November 8th 11:33 GMT. Maybe we should start a thread with that title as the rabbit hole has been decimated? Grrrrrrrrr.

I strongly believe a correction is on its way but when? I have another quote on this subject

"Better A Year Early Than A Day Too Late"

I blame brexit

The elites think we are stupid. They are in the main quite correct.
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  • Posted: Aug 7, 2018 4:08am
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    Category: Entertainment News
    Comments: 31  /  Views: 12,212