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Rich Dad, Poor Dad' Author: I'm Preparing for Economic Collapse

"There are two possible extremes..."

"Rich Dad, Poor Dad" author Robert Kyosaki is not convinced that the worst days of the recession are behind us. Whether it's financial markets and big business going under, war, natural disaster or government crisis, the financial adviser and motivational speaker suspects hard times could be ahead in the coming decade.

"There are two possible extremes, or financial concerns. We can either go into a depression, or we can go to hyperinflation," says Mr. Kyosaki in a recent web video. "Or we could also go to war which is one way people think we could solve the problem:"

Mr. Kyosaki suggests investing in precious metals, buying a gun and storing food, in a cautious "rather be safe than sorry" mindset.

"Remember this, the police cannot prevent a crime, only you can do that," he adds. "They can only investigate it after you're dead."

He also suggests investing wisely and organizing your fiscal house. For example, he cautions that if the credit card systems shut down, the world shuts down.

"If I'm preparing for the worst, there is a good chance it won't happen."

Mr. Kyosaki is best known for authoring the "Rich Dad, Poor Dad" series and has sold over 26 million books. He has previously spoken in regards to what he calls "the conspiracy of the rich," and the new rules of money.

(H/T: Examiner)

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