Robert Kiyosaki, businessman and author of the personal finance book “Rich Dad, Poor Dad,” spoke with Daniela Cambone of Stansberry Research. He drew attention to gold and cryptocurrencies in terms of investment. Here are the details…
Kiyosaki voices concerns over the market
The author warned that rising inflation is a sign of a major crisis that will only get worse, indicating that a recession is on the horizon, saying “the repo market has reversed again” . Kiyosaki pointed out that the United States is not producing anything as his biggest concern. Discussing his biggest concern, Kiyosaki said:
As we all know, America is no longer producing anything. We produce bubbles you know. We just blew bubbles, so real estate, stocks and bonds now bubble up. Inflation is rising and the average American doesn’t have $1,000. 40 percent of Americans don’t have $1,000. So when inflation rises, we will wipe out 50 percent of the US population, and that’s when the revolution will begin.
He also drew attention to the effects of pulling the US out of the pipeline as rising food prices became a serious problem. “Oil prices soared when Biden pulled the US off the pipeline. Oil produces fertilizer, and when fertilizer is no longer cheap, people cannot produce food and the average American has nothing. 40 percent of Americans have nothing to worry about about inflation; “A stock market crash will crash baby boomers, so we’re in serious, serious trouble.”
Kiyosaki drew attention to gold and these cryptocurrencies
As we have also reported as Kriptokoin.com, investors drew attention to gold and silver investments to protect themselves. He also discussed investing in cryptocurrencies like Bitcoin, Ethereum, and Solana to protect yourself when the US dollar is about to explode. In the end, he said that if the government’s cryptocurrency is used, if they go, they will find out about everything you did at that point, and he doesn’t trust this government anyway.
Also noting that the best deals are made early, he said, “There is a possibility that it will be an early and successful investment” for the Solana (SOL) investment. He compared SOL to investing in Bitcoin at $6,000.
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