Robert Kiyosaki: US Economy Won’t Have Soft Landing
According to Robert Kiyosaki, the author of “Rich Dad Poor Dad,” the US economy is not headed for a soft landing. While Federal Reserve officials expect a gradual decline in inflation and steady growth, Kiyosaki advises buying gold, silver, and Bitcoin as a hedge against a banking crisis and impending economic crash.
Kiyosaki’s Warning Echoed by Experts
Kiyosaki is not alone in his concerns. RBI Governor Shaktikanta Das and other macroeconomic experts also express skepticism about relying on a soft landing for global economic improvement. Recent developments in China, Europe, and the US indicate significant challenges ahead.
Prepare for Financial Crisis
Kiyosaki warns that those who are financially unprepared will suffer during another banking crisis and economic crash. He believes that most people do not know how to handle their money effectively. To protect yourself, Kiyosaki suggests investing in gold, silver, and Bitcoin before the banks fail and the world economy collapses.
Stock Market Surge Might Be Deceptive
Kiyosaki questions the recent surge in the stock market, suggesting that it may be an illusion of a robust economy. He argues that the success of certain companies may be due to government funding rather than genuine growth.
Fears of Bank Failures
New York Community Bankcorp (NYCB) is experiencing a drop in its stock price, sparking concerns about a potential bank failure and its impact on other banks. Despite efforts to mitigate bank run risks, NYCB’s shares are down nearly 4% in pre-market trading. Billionaire investor Arthur Hayes predicts that NYCB may face bankruptcy following a downgrade by Moody’s and a class action lawsuit by shareholders.
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