“The Federal Reserve and the (US) Treasury (Department) are destroying the dollar and sending billions of uninformed savers to financial hell. Go to financial paradise. Save gold, silver and Bitcoins,” wrote the American businessman, investor, and writer on his Twitter account.
It is not the first time that Kiyosaki has warned about the state of the US economy and about the damage inflicted by the monetary structures.
A) Yes, in December he warned that the US economy is already technically in a depression and that a collapse of the financial markets is looming.
“Inflation rips off the poor. Inflation makes the rich richer,” he wrote in November, urging his followers to “prepare” for the “big crash” by making “smart purchases” of gold, silver, and Bitcoin.
At the end of January 2022, Kiyosaki greeted the news of the Bitcoin price crashing below $35,000, anticipating that he would increase his investments in the cryptocurrency if it fell to $20,000.
Markets “overvalued”
Recently, Charlie Munger, vice president of Berkshire Hathaway, Warren Buffett’s financial conglomerate, pointed out that markets such as the US S&P500 index are “overvalued” and said the current situation is even worse than during the dot-com bubble of the late 1990s, the bursting of which bankrupted a large number of companies.
Likewise, last November, the American billionaire Ray Dalio, founder of the hedge fund Bridgewater Associates, the world’s largest, warned that the growing inflation in which the economy of his country is immersed, as a result of the continuous emission of money, is reducing the purchasing power of the population, which could trigger social turmoil.
Source: Ambito
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