R. Kiyosaki issues stark warning: Inflation is ‘eating American families alive’
As he continues warning about the looming ‘everything crash’ he believes will engulf the United States and the rest of the world, renowned investor and author of the best-selling personal finance book ‘Rich Dad Poor Dad,’ Robert Kiyosaki, has made another worrisome comment.
Specifically, Kiyosaki stated that inflation was “eating American families alive,” brushing off President Joe Biden’s economic policies as a “joke,” and arguing that the only product coming down in price was the illegal drug fentanyl, according to the X post the finance educator shared on April 9.
Furthermore, the ‘Rich Dad Poor Dad’ author threw more accusations in the President’s direction, pointing out that “when I was a kid, we called people like you ‘Pusher Man,’ not ‘President,’” referring to the popular term for a person involved in the sale of illegal narcotics and the current opioid epidemic in the US.
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Indeed, Kiyosaki seemed to also be alluding to the allegations coming from the Republican side of the US political spectrum that the Democrat President was slow to secure the country’s southern border, through which the potent synthetic drug was supposedly finding its way into the States.
Robert Kiyosaki: Inflation is winning
As a reminder, a few days earlier, Kiyosaki highlighted that Federal Reserve Chairman Jerome Powell had “finally told the truth” and “admitted inflation is winning,” adding that the agency could “no longer promise inflation at 2% or that inflation is ‘transitory,’” as Finbold reported on April 4.
Meanwhile, he warned that the US was “bankrupt” and that traditional financial products such as stocks and bonds were in a bubble, urging investors to take precautions to safeguard their wealth by diversifying into assets he considered safer, like precious metals, including gold and silver, as well as cryptocurrency Bitcoin (BTC).
Ultimately, Robert Kiyosaki may be on the right track in his troubling predictions, but the situation might not be as dire, at least according to the information recently shared by Gemini, the artificial intelligence (AI) tool by Google (NASDAQ: GOOGL), which suggests that “a complete collapse seems unlikely.”
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
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