Rob Kiyosaki delivers a stern warning about the imminent stock market disaster.
Cryptocurrency proponent and best-selling author Robert Kiyosaki has delivered a stern warning about the future of conventional financial systems, especially the stock market in the United States.
The present positive patterns in key indexes have Kiyosaki worried, according to a recent tweet. Among the most notable indexes that have seen substantial advances in the last day are the S&P 500, the Nasdaq Composite, and the Dow Jones Industrial Average; the latter two have set new records.
A better-than-expected January employment report and strong corporate profits are contributing to the market’s seeming strength. But according to Kiyosaki, the real economic situation is far worse than it seems.
What he calls the “Magnificent 7” are responsible for the stock market’s persistent rise, in his opinion. He specifically alleges that funding from the government artificially supports a number of large corporations, including Apple, Alphabet, Meta Platforms, Amazon, Microsoft, NVIDIA, and Tesla.
Aware of impending disasters in the bond and stock markets, Kiyosaki takes a cautious approach that goes beyond the stock market.
Users of X who responded to Kiyosaki’s post were skeptical about his prediction nonetheless. Their main argument was that his forecasts over the last few years may have been mostly wrong.
But Kiyosaki’s criticism of the conventional market has not wavered. He had already mentioned how central banks, taxes, and inflation were causing wealth to steadily drain away in a previous component.
In his ongoing disclosures, Kiyosaki cited the previous disadvantages as the reason he chose to invest in Bitcoin instead of bonds and equities.
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