Robert Kiyosaki, the author of Rich Dad Poor Dad, believes a worldwide recession is imminent and cites multiple crypto-assets and gold as possible strategies to weather the storm.
Kiyosaki asserts in a recent tweetstorm that he is confident a market meltdown is imminent. As evidence, he points to the recent inversion of Treasury rates.
Today, the two-year Treasury yield surpassed the 10-year yield once again, as it did last week. The inversion is often mentioned as a possible indicator of impending market collapse and recession. Kiyosaki cites a recent grocery store visit as more proof of what is occurring in the real world.
“INFLATION: What will gain in value? TUNA CANNED OR SILVER EAGLES? I spent $25 on CANNED TUNA. I placed a $25 US SILVER EAGLE next to the tuna. Which commodity do you believe will rise in value the greatest in five years, 2027? Silver or tuna?
MY ANSWER TO THE QUESTION ‘will tuna or silver be more expensive in 2027?’ If the price of tuna increases to $25 a can, the price of silver eagles will increase to $250 or more. MY ACTUAL ANSWER: If tuna prices go to $25 a can, we are all doomed. REVOLUTION starts with the fact that 40% of Americans live on less than $1,000. $25 tuna bankrupts them and the United States of America.”
Kiyosaki accuses President Biden of continuing to depreciate the currency and suggests that investors should consider Bitcoin (BTC), Ethereum (ETH), and Solana (SOL), as well as gold.
“At the Oscars, Will Smith smacks Chris Rock. On the international stage, Biden smacks Putin. Masculinity is toxic. The world is in peril. The national debt is set to soar to new heights. Biden is responsible for inflation and is blaming Putin. The dollar is on the verge of collapsing. Purchase more gold, silver, Bitcoin, Ethereum, and Solana before the outbreak of World War III.”
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