Renowned author of ‘Rich Dad Poor Dad,’ Robert Kiyosaki, recently rang alarm bells, drawing a historical parallel between hyperinflation in Germany that led to Adolf Hitler’s rise and the current economic climate in the US. Criticizing the government’s competency, he urged readers to prepare for potential hyperinflation by studying instances in Germany and Zimbabwe.
Kiyosaki advocated stocking up on essentials like food, guns, gold, and silver, emphasizing Bitcoin (BTC) as a formidable defense.
Roughly a week later, on November 29, Kiyosaki highlighted a noteworthy crash in the Cardboard Box Index, suggesting ominous implications for the global economy and hinting at the specter of a possible depression.
Global economy ‘slowing to possible depression,’ Kiyosaki warns
Notably, Kiyosaki released a post on Wednesday, November 29, warning that the Cardboard Box Index is crashing.
The index is used by some investors to asses economic activity and consumer confidence. It represents the demand for cardboard boxes, which are integral to packaging and shipping goods.
A decline in demand for cardboard boxes may be interpreted as a potential economic slowdown or recession, reflecting reduced production and consumer spending on goods.
“CARDBOARD BOX INDEX crashing. Shoppers stopped shopping. That means global economy slowing to possible Depression. Treasury and Fed to print trillions in fake dollars to replace shoppers.”
– Kiyosaki wrote in his latest post on X.
Kiyosaki encourages followers to buy gold, silver, Bitcoin
Like in his previous post regarding Hitler’s rise amid hyperinflation, Kiyosaki advised his followers to stock up on major commodities such as gold and silver to defend themselves from the implications of a potential economic depression.
Among the best defenses he listed was also Bitcoin (BTC), the world’s biggest cryptocurrency of which Kiyosaki is a big proponent.
“Buy gold, silver, Bitcoin. Gold price rising. Silver still cheap approx $35 an ounce. Or Buy Bitcoin ETF. Don’t be caught sleeping like most Americans. Take action now.”
The leading crypto asset has been rising recently after a resurgence in investor optimism ended months of stagnation. At the time of publication, BTC was sitting at $37,677, up 0.66% in the past 24 hours. Over the past five days, Bitcoin fell around 0.1%, but its monthly performance remains strong at +9.1%.
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Source: https://finbold.com/rich-dad-r-kiyosaki-warns-crashing-cardboard-index-a-sign-of-possible-depression/