Because of rising food, oil, and energy prices, as well as widespread inflation, some analysts believe the dollar and markets are on the verge of collapsing.
Robert Kiyosaki, a businessman and author of the personal finance book “Rich Dad, Poor Dad,” warned that rising inflation is a sign of a major crisis that will only get worse, and that “the repo market has inverted again,” indicating that a recession is on the horizon, in an interview with Daniela Cambone of Stansberry Research.
“As we all know America produces nothing anymore. We produce bubbles you know.”
“We just blow air bubbles so we now have this bubble in real estate, stocks, and bonds.”
“Then when Biden took the keystone pipeline xl pipeline off that just wiped us out here.”
He adds
“Inflation goes up and the average American doesn’t have a $1,000.”
” $40% of Americans don’t have a $1,000. So when inflation goes up we’re going to wipe out 50%”
” of the U.S. population, and that is when revolution starts.”
If and when the stock market crashes, the 401k will fail, and a retirement plan and pensions will be unpayable, according to the author.
He also mentioned the consequences of removing the United States from the pipeline, citing the rise in food costs as a major concern.
“When Biden took the U.S. off the pipeline, oil prices went up. Oil produces fertilizer,”
” and when fertilizer is no longer cheap, people can’t produce food,”
“and the average American has nothing. 40% of Americans have nothing inflation is going to make them very upset;”
” a stock market crash will bring down the baby boomers, so we’re in serious, serious trouble.”
On crypto, Kiyosaki says…
With the US currency on the verge of implosion, he suggested investing in cryptocurrencies such as Bitcoin, Ethereum, and Solana to protect yourself.
“The best deals are always done early so when people say do you invest in Bitcoin yes when”
” it was six thousand dollars so Solana is still early and it’s got a possibility it’s a long shot.”
Finally, he stated that if they use government crypto, he feels they will be able to track everything they do, and he already distrusts the government.
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