Robert Kiyosaki warns of major turbulence for US economy after credit rating downgrade
Best-selling author Robert Kiyosaki predicts rough times ahead for the US economy following Fitch’s downgrade of the country’s credit rating from “AAA” to “AA+.” Kiyosaki believes this downgrade is the first sign of a crash landing for the economy and has been warning about it for over a year. He points to the expected fiscal deterioration and rapidly expanding debt burden as reasons for concern.
Key points:
- Fitch downgraded the US credit rating from “AAA” to “AA+” due to expected fiscal deterioration and expanding debt burden.
- Kiyosaki believes this downgrade is the first sign of a crash landing for the US economy.
- He has been warning about this for over a year, citing too many signs that the stock market is heading for a severe crash and a potential economic depression.
- Kiyosaki continues to invest in “real money and real assets” like gold, silver, and Bitcoin (BTC).
- Kiyosaki previously predicted the 2008 financial crisis, although he anticipated it would happen sooner than it did.
Hot Take:
Kiyosaki’s warning about the US economy experiencing major turbulence after the credit rating downgrade is a cause for concern. His track record of predicting financial crises, including the 2008 crash, lends credibility to his perspective. It’s important for crypto readers to take note of his advice to invest in “real money and real assets” like gold, silver, and Bitcoin. The future of the US economy may indeed be uncertain, and diversifying one’s investments could be a prudent move.
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