Rich Dad Poor Dad author Robert Kiyosaki says a global recession is coming, and he’s naming several crypto assets and gold as potential ways to weather the storm.
In a new tweetstorm, Kiyosaki says he’s certain a market crash is inevitable. He cites the recent inversion of Treasury yields as proof.
Today, the two-year Treasury yield once again rose higher than the 10-year, as it did last week. The inversion is often cited as a potential signal that a severe market crash and recession is coming.
REPO MARKET INVERSION. Last time this happened was 2008. Be careful. Recession and crash coming. Weak businesses & greedy investors to fail. In 2008 I borrowed $300 million to buy great real estate, at bargain prices. Time to get rich coming again. TIME TO GET SMART not greedy.
— therealkiyosaki (@theRealKiyosaki) April 1, 2022
Kiyosaki highlights a recent trip to the grocery store as further evidence of what’s happening in the real world.
“INFLATION: What will become more valuable? CANNED TUNA or SILVER EAGLES? I bought $25 dollars worth of CANNED TUNA. Next to the tuna, I put a $25 US SILVER EAGLE. In five years, 2027, which commodity do you think increases most in value? Tuna or silver?
MY ANSWER to ‘price tuna or silver in 2027?’ If tuna goes to $25 a can, [the] price of silver eagles goes to $250 or more. MY REAL ANSWER: If tuna goes to $25 a can, we are all SCREWED. REVOLUTION begins because 40% of Americans have less than $1,000. $25 tuna bankrupts them and USA.”
Kiyosaki blames President Biden for continuing to devalue the dollar and says Bitcoin (BTC), Ethereum (ETH) and Solana (SOL), as well as gold, are the best options for investors.
“Will Smith slaps Chris Rock at Oscars. Biden slaps Putin on world stage. Toxic masculinity. World in trouble. National debt to go through the roof. Biden causing inflation and blaming Putin. Dollar about to implode. Buy more gold, silver, Bitcoin, Ethereum, and Solana before WW3.”
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Source: https://dailyhodl.com/2022/04/04/rich-dad-poor-dad-author-warns-market-crash-coming-says-bitcoin-ethereum-and-solana-are-potential-way-out/