benzinga95d ago
Robert Kiyosaki has warned that a fast-moving downturn is intensifying, pointing to investor withdrawals from private credit funds and trouble spreading across major banks and well-known financial firms. The warning fits with his broader push for commodities and crypto—and his support for President Donald Trump's executive order that he says expands 401(k) access to alternative assets, a view he laid out while discussing alternative 401k access.In a post on X on Friday, Kiyosaki framed the moment as a "CRASH ACCELERATES" scenario, arguing that money is leaving certain corners of finance and forcing investors to decide what to do next. He also cited Jim Rickards as declaring the U.S. is in a "New Depression," then said he intends to use the turmoil to build wealth rather than suffer through it.CRASH ACCELERATES:Private credit funds are panicked as investors withdraw ...Full story available on Benzinga.com