According to Richdad the world is on the verge of an economic collapse. For years he was sure that the global economy would fail before the federal reserve kept things going by introducing quantitative easing. He say this method was a cop out and just prolonged the inevitable which he says is happening right now. He feels that the Covid Crisis while not a conspiracy is just a smoke screen for giving a reason to blame the financial crisis we are going through.
Key Takeaways:
- The global markets are going to collapse and it’s more important now than ever to have a crisis management plan.
- Real estate is suffering because people are out of work. We have to start looking into different locations for real estate where people are going to be able to pay their rent.
- While people are worried about Coronavirus, this is only the tip of the iceberg when it comes to how the global economy is going to hit an all time low.
“We are definitely going into a massive recession, possibly a depression, and quite possibly an economic collapse. That’s how dangerous things are today.”
Read more: https://www.richdad.com/financial-crisis-plan?feed=RichDadNews
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