(Kitco News, Mon. April 4th, 2022) A recession is coming, and the U.S. dollar is going “to implode,” according to Robert Kiyosaki, the best-selling author of ‘Rich Dad Poor Dad.’
In a recent series of tweets, Kiyosaki painted a grim picture of the U.S. economy, projecting a recession and a greenback collapse. Kyosaki says :
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.
“Recession and crash coming,” he tweeted. “REPO MARKET INVERSION. Last time this happened was 2008. Be careful.”
Kiyosaki’s comment came after the 2-year and the 10-year Treasury yields inverted for the first time since 2019, with many market participants viewing this as a possible recession signal.
More than that, the current geopolitical situation with the war in Ukraine and sanctions against Russia will end up hurting the U.S. dollar, Kiyosaki added.
“Biden slaps Putin on world stage. Toxic masculinity. World in trouble. National debt to go through the roof. Biden causing inflation & blaming Putin. Dollar about to implode,” he said.
Inflation is also a top concern for the best-selling author, who asked his Twitter followers whether canned tuna or a silver eagle coin would be more valuable in five years. Kyosaki adds :
MY ANSWER to “price tuna or silver in 2027?” If tuna goes to $25 a can, price of silver eagles go 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 $1000. $25 tuna bankrupts them and USA.
Kiyosaki then elaborated that if tuna surges to $25, a silver eagle coin will hit $250 or more. But his actual answer was that “if tuna goes to $25 a can, we are all SCREWED. REVOLUTION begins because 40% of Americans have less than $1000. $25 tuna bankrupts them and USA.
Kiyosaki’s advice is to use the opportunity “to get rich.” He recommended: “Buy more gold, silver before WW3.”
Posted by :
Jack Dempsey, President
401 Gold Consultants LLC
jdemp2003@gmail.com