'Rich Dad Poor Dad' Author Says Economy Is Biggest Bubble In World History: 'God Have Mercy On Us All'
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Rich Dad, Poor Dad author Robert Kiyosaki has made some dire predictions about the economy and the state of the market in the past.
Now, in a new tweet, Kiyosaki said the "economy is the biggest bubble in world history." He also mentioned that he doesn't invest in stocks, bonds, ETS, or mutual funds.
Kiyosaki's comments come as economists predict the US is on the brink of recession in 2023. Bank of America recently published its global economic outlook for the coming year and expected recessions in the US, Europe and the UK in the coming year.
Last month, Kiyosaki warned that the US is headed for imminent economic collapse.
Also Read: 'Rich Dad Poor Dad' Author Warns of Economic Pain and Says Baby Boomers Will Be the 'Biggest Losers'
He tweeted that amid an economic meltdown, investors could keep their capital intact by charging gold, silver and bitcoin.
Kiyosaki advised people to create various sources of income to combat the economic crash.
“Gold, silver, bitcoin can protect your wealth... but not your income. When the economy is collapsing, stock markets are busting, pensions are plummeting, and unemployment is rising, a side hustle can provide you with an income. Who knows? next to Amazon or Bitcoin. Pay attention. Be aware," he tweeted.
Hinting at a similar economic situation, Kiyosaki said people are not looking at the bigger financial picture.
In early March, Kiyosaki mentioned that we are in the biggest bubble in world history, citing bubbles in stocks, real estate, commodities and oil.
Photo: Gage Skidmore on flickr
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