Giovanni Russo The author of “Rich Dad Poor Dad,” Robert Kiyosaki, maintains that the U.S. economy is not robust, and America is insolvent. He asserts that the stock market’s rise is attributed to President Joe Biden’s increase in the debt limit, and he stands by his preference for gold, silver, and bitcoin.
Robert Kiyosaki’s Latest Economic Forewarnings
The renowned author of “Rich Dad Poor Dad,” Robert Kiyosaki, returns with additional cautionary advice concerning the U.S. economy. Co-authored by Kiyosaki and Sharon Lechter, “Rich Dad Poor Dad,” published in 1997, stayed on the New York Times Best Seller List for over half a decade. More than 32 million copies have been distributed in more than 51 languages throughout over 109 countries.
In a Sunday tweet, Kiyosaki criticized the Wall Street Journal for suggesting that the U.S. economy is stable. He clarified that the market’s increase is a result of President Joe Biden signing into law the decision to increase the debt limit. Insisting that “America is bankrupt,” he reiterated his fondness for gold, silver, and bitcoin.
On July 14, Kiyosaki likewise stated that the surge in the stock market was due to the U.S. government’s decision to “remove” the debt ceiling. He warned that this would simultaneously raise the national debt with the stock market.
The acclaimed writer repeatedly expresses his conviction that the actions of the Biden administration and the Federal Reserve are leading to the downfall of the U.S. economy and the devaluation of the U.S. dollar.
Moreover, Kiyosaki forecasted in June that additional banks are on the brink of collapse. He mentioned that regional U.S. banks are going under due to Federal Reserve policies.
This year, a sequence of bank failures has swept the U.S. Just last week, Heartland Tri-State Bank was declared insolvent. Earlier this year, Silicon Valley Bank was shut down by the California Department of Financial Protection and Innovation on March 10, followed by the New York State Department of Financial Services closing Signature Bank on March 12. First Republic Bank was also shut down by the California Department of Financial Protection and Innovation on May 1. Furthermore, Silvergate Bank publicly announced voluntary liquidation.
Do you concur with Robert Kiyosaki’s viewpoint on the U.S. economy? We would love to hear your thoughts in the comments section below.
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Frequently Asked Questions (FAQs) about Robert Kiyosaki’s Economic Warning
What are Robert Kiyosaki’s views on the current U.S. economy?
Robert Kiyosaki believes that the U.S. economy is not robust and America is financially insolvent. He attributes the stock market’s rise to President Joe Biden’s increase in the debt limit.
What is Kiyosaki’s investment preference?
Despite the economic situation, Robert Kiyosaki continues to prefer investments in gold, silver, and Bitcoin.
Has Robert Kiyosaki made any predictions about the banking sector?
Yes, in June, Kiyosaki predicted that more banks, particularly regional ones, are set to fail due to Federal Reserve policies. This prediction aligns with a series of bank failures across the U.S. throughout the year.
What book is Robert Kiyosaki famous for, and what is it about?
Robert Kiyosaki is known for his book “Rich Dad Poor Dad”, co-authored with Sharon Lechter. The book offers financial education and advice, emphasizing the importance of financial independence and investing.
What does Kiyosaki think about the actions of the Biden administration and the Federal Reserve?
Kiyosaki has repeatedly expressed his belief that the Biden administration and the Federal Reserve’s policies are causing damage to the U.S. economy and devaluing the U.S. dollar.
