According to some observers, the dollar and markets are on the brink of collapsing as food, oil, and energy costs continue to rise, as well as rampant inflation.
Robert Kiyosaki, a businessman and author of the personal finance book “Rich Dad, Poor Dad,” warned in an interview with Daniela Cambone of Stansberry Research that rising inflation is a sign of a major crisis that is only going to get worse and that “the repo market has inverted again,” indicating that a recession is on the horizon.
When asked about his primary issue, Kiyosaki stated: “As we all know, America no longer manufactures anything. You are aware that we create bubbles. We just blow air bubbles, and the result is that we now have a bubble in real estate, equities, and bonds. Then, when Biden pulled the keystone XL pipeline, that killed us out here.”
He continued: “Inflation continues to rise, and the ordinary American does not own a $1,000 bill. 40% of Americans lack a $1,000. Thus, as inflation increases, we will eliminate 50% of the US population, at which point the revolution will begin.”
The author emphasizes that if and when the stock market falls, the 401k will fail, as will retirement plans and pensions.
He also mentioned the ramifications of removing the US from the pipeline, as increasing food costs had become a big concern.
“When Biden removed the US from the project, oil prices increased. Oil generates fertilizer, and when fertilizer becomes prohibitively expensive, people are unable to produce food, and the typical American is left with nothing. 40% of Americans have nothing; inflation will enrage them; a stock market crisis will knock the baby boomers to their knees; we are in grave, grave danger.”
Kiyosaki on cryptocurrency
Discussing investing in cryptocurrencies like as Bitcoin, Ethereum, and Solana as a hedge against the impending collapse of the US currency, he stated:
“The greatest bargains are usually made early, so when people ask me whether I invested in Bitcoin, I said yes when it was six thousand dollars, so Solana is still early and has a chance, although a long one.”
Finally, he said that if they move to the government crypto, he feels they would know everything you do at that time, and he already does not trust this government.
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