As the Ukraine conflict continues to raise the possibility of uncontrolled inflation, which has already spiraled out of control and has an impact on the costs of oil, energy, food and everything in between, investors are looking to hedge such a decline to protect their investments and capital. A famous economist, who knows the historical collapse, advises investors to buy gold, silver, Bitcoin and the three altcoins he mentioned in this environment.
“Protect from collapse with gold, silver, Bitcoin and these coins”
Robert Kiyosaki, author of personal finance book ‘Rich Dad, Poor Dad’, on Twitter on April 16 the effects of hyperinflation and explained the main lines of the upcoming depression that it will create in the US economy.
The economist has long warned of a ‘collapse and depression’ that comes with the dangers of inflation and predicts uncontrolled inflation will accelerate as a bubble rises, including the stock market, as a result of the Federal Reserve’s continued printing of money in the economy. . Robert Kiyosaki uses the phrases:
The WIley COYOTE moment is coming. The Biggest Bubble Bust is coming. Baby Boomer’s retirement will be stolen. $10 trillion in fake money spending is coming to an end. The government, Wall Street and the Fed are thieves. Hyperinflation Depression is here. Buy gold, silver, Bitcoin before the jackal wakes up.
Robert Kiyosaki draws a comparison between the bubble in the economy and the Wile E. Coyote moment (the moment when the cartoon character escaping from the cliff looks down and realizes that he is hovering).
Robert Kiyosaki’s counter-inflation measure
In particular, the multi-millionaire businessman encouraged people to invest in commodities such as gold, silver and Bitcoin to protect themselves against inflation as the US currency was “about to explode”. It’s not the first time he’s recommended.
Indeed, with the United States and other countries around the world experiencing record levels of inflation not seen in decades, financial experts are considering what measures they can take as a countermeasure to inflation. Robert Kiyosaki, together with Gerald Celente, founder and director of the Trends Research Institute, previously discussed the trends to watch out for in 2022 and said:
Gold, silver and Bitcoin. When interest rates rise, they will fall, but so will the economy. So they will temporarily fall and then climb very quickly as people realize how bad it is.
By the way, as we have previously covered on Cryptokoin.com news, Robert Kiyosaki, in addition to gold, silver and Bitcoin, to protect himself from the historical collapse, Ethereum (ETH) and Solana (SOL) was recommended. You can check out the economist’s posts in this article.
Economist: Inflation will devastate half the US population
It’s worth noting that Robert Kiyosaki warned that rising inflation will ‘destroy 50% of the US population’. The economist makes the following striking assessment:
40% of Americans do not have $1,000. So when inflation rises, we will wipe out 50% of the US population. 40% of Americans have nothing, inflation will make them very sad; A stock market crash will bring baby boomers. That’s why we’re in serious, serious trouble.
Finally, with the various effects of the economy on everyday people, the parallels between what Robert Kiyosaki predicted in his ‘Capitalist Manifesto’ and what is currently happening under the current administration become more apparent. He believes he is coming.
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