The looming default of Evergrande — the second largest property developer in China — continues to send nervous vibes across global markets.
And “Rich Dad Poor Dad” author Robert Kiyosaki is predicting a major crash because of it.
“HOUSE of CARDs coming down. Real estate crashing with stock market,” Kiyosaki tweeted last week. “China’s Evergrande Group cannot pay. Valuation of properties fake. Will real estate crash spread to US? Yes.”
He also said on Wednesday that this “is going to be the biggest crash in world history.”
The good news? Kiyosaki also provided some suggestions on how to prepare for the seemingly inevitable downturn.