Robert Kiyosaki, the author of Rich Dad Poor Dad, says that stock market collapse is underway. He predicted it years ago.
A best-selling author of personal finance tells 2.7 million of his followers via the social media platform X he believes the US could be entering a severe period of economic depression.
We are definitely in a RECESSION and more than likely…a DEPRESSION.” There is no doubt that we are in a RETROGRESSION, and most likely a DEPRESSION .”
Kiyosaki believes that three assets “non Wall Street” will be the winners in this stock market crash.
What can an individual do?
I’ve been recommending for many years that you look at assets outside of Wall Street.
“For many years I’ve suggested that you save real gold and real silver. Today, BITCOIN.”
Kiyosaki believes that in order to boost the US economy, the Fed and Treasury are likely going debase the US Dollar. The debasement of the dollar will cause inflation, and prices to rise for precious metals like silver, gold and Bitcoin.
After this crash in the paper market, millions of fake assets will be wiped out. The Fed and Treasury are likely to turn up the speed on the presses, printing billions of dollars in counterfeit money. Real money, such as Gold, Silver and Bitcoin, will also increase in value.
Gold, silver and bitcoin are NOT increasing in value. The dollar’s value is decreasing, which makes everything more expensive. This includes food, housing, and energy. INFLATION…
Be careful. You should be careful.
Bitcoin currently trades for $83,416.
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Sources of Images include Pixabay Creative Commons & Midjourney
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