Rich Dad Poor Dad Author: “1929 Crash Warning!” – All in on Bitcoin, Gold and Silver
Main Idea
Robert Kiyosaki warns of an impending economic crash similar to the 1929 stock market crash, citing unsustainable U.S. debt and inflation, and advocates for investing in Bitcoin and gold.
Key Points
1. Robert Kiyosaki compares the current economic situation to the 1929 stock market crash and warns of 'another Great Depression' due to unsustainable U.S. debt.
2. Kiyosaki notes that investment legends Warren Buffett and Jim Rogers have reduced their exposure to stocks and bonds, holding cash or silver instead.
3. U.S. national debt has reached a record $36.6 trillion, with debt payments consuming 13% of the national budget and projected to exceed $1 trillion annually by 2033.
4. Kiyosaki reaffirms his support for Bitcoin as a hedge against inflation and economic instability, despite recent market volatility.
5. The U.S. housing market shows signs of weakness, with a 9.8-month supply of new single-family homes, a level historically seen before or during recessions.
Description
Robert Kiyosaki, author of the best-selling book Rich Dad Poor Dad, has once again sounded the alarm that the United States may be heading toward a financial collapse similar to the 1929 stock market crash and the Great Depression. “Do you have a 401k or IRA filled with stocks?” That was the question posed by Rich Dad Poor Dad author Robert Kiyosaki on X, as he issued a stark warning about the U.S. economy. Drawing comparisons to the 1929 stock market crash, Kiyosaki said he’s staying out of tra...
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