Wealthy Dad Poor Dad creator Robert Kiyosaki says that the inventory market meltdown that he predicted years in the past is now underway.
The most effective-selling private finance creator tells his 2.7 million followers on the social media platform X that he thinks the US is watching the potential of getting into a interval of extreme financial despair.
“In my e book Wealthy Dad’s Prophecy, I warned that the most important inventory market crash in historical past was going to wipe out the monetary safety of thousands and thousands of traders… That inventory market crash arrived in the present day. We’re positively in a RECESSION and greater than seemingly…a DEPRESSION.”
Kiyosaki says he sees three “non-Wall Road” property popping out on high amid the inventory market collapse.
“What can an individual do?
As I’ve been suggesting for years, I counsel taking a look at non-WALL STREET property.
For a few years, I’ve urged saving actual gold, actual silver, and in the present day BITCOIN.”
Kiyosaki says that the Fed and the Treasury will seemingly debase the US greenback in an effort to prop up the economic system. He notes that greenback debasement will result in inflation and better costs for scarce property like gold, silver and Bitcoin (BTC).
“WHY: As a result of after this paper market crash wipes out thousands and thousands of faux paper property. Odds are the Fed and Treasury will flip the printing presses on FULL SPEED, printing trillions in pretend cash, which turns into much more FAKE. And actual cash – Gold, Silver, and Bitcoin – go up in worth.
Keep in mind, gold, silver, and Bitcoin ARE NOT going up in value. What is occurring is the greenback goes down in worth, inflicting the whole lot of worth, similar to meals, housing and power to grow to be costlier, a.okay.a. INFLATION…
Take care. There are going to be tough storms forward.”
At time of writing, Bitcoin is buying and selling for $83,416.
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