Robert Kiyosaki, author of Rich Dad Poor Dad, predicts that banks will fail and that there will be no soft landing; he advises buying Bitcoin.
The author of the popular book Rich Dad Poor Dad, Robert Kiyosaki, predicted that the U.S. economy would not experience a soft landing.
While Federal Reserve officials anticipate a final descent toward a soft landing, with inflation consistently declining and growth holding steady, he advises buying gold, silver, and Bitcoin.
Kiyosaki Foresees a Banking Crisis
In agreement with other macroeconomic experts, Robert Kiyosaki predicts that a soft landing by the United States will not suffice to enhance global economic conditions.
Recent events in Europe, China, and the United States, according to RBI Governor Shaktikanta Das, portend significant obstacles in the future.
Despite the upcoming election year, neither the U.S. nor the global economy should anticipate a soft landing.
Kiyosaki asserts that amid an impending economic collapse and another banking crisis, financial losers will incur losses.
He asserted that the majority of individuals lack financial wisdom, providing the US Navy Flight School as an illustration: “Student pilots learn to fly and how to crash their plane.”
He advises buying silver, gold, and Bitcoin before the failure of banks and the global economy collapsing.
“Unfortunately the world of fake money is crashing and gold, silver, & Bitcoin are parachutes for your personal soft landing.”
Recent events have seen Robert Kiyosaki issue a warning to investors regarding the current stock market surge, which challenges the notion of a robust economy.
Due to their reliance on U.S. government funding, he suggested that the “Magnificent 7” firms’ robust results might be deceptive.
Banks to Crash in Coming Months?
New York Community Bancorp (NYCB) is falling again on Thursday, which has spread fears of a bank failure that could affect other banks.
In pre-market hours, the NYCB price is $4.30, a decrease of nearly 4% despite the lender’s efforts to avert bank run risks.
After a ‘bond’ downgrade by Moody’s and a shareholder class action lawsuit, billionaire crypto investor Arthur Hayes forecasts that NYCB will likely declare bankruptcy.
