Robert Kiyosaki, the well-known businessman and author of the “Rich Dad Poor Dad” series, has once again issued a warning about an upcoming economic crash. In a recent post, Kiyosaki stated that a “soft landing” is a fantasy and a crash landing is more likely, further adding that this crash may actually turn into a depression.
This is not the first time Kiyosaki has sounded the alarm about an economic crash. Throughout this year alone, he has warned of a crash landing on at least four separate occasions. He even predicted this “giant crash” back in 2012 in one of his books.
Kiyosaki also took the opportunity to express his political views, urging Americans to vote for a conservative candidate in the upcoming 2024 election. He warned against voting for “liberal woke greenie Marxists” like Joe Biden, stating that they would turn the USA into a Marxist state similar to Russia, China, and Cuba.
While Kiyosaki’s warnings may be alarming, it is worth noting that the US economy has shown some signs of weakness. In early 2022, the country experienced two consecutive quarters of negative GDP growth, which technically meets the definition of a recession. However, a government agency declined to declare a recession, citing other factors.
Analysts have also expressed concerns about the US debt, which currently stands at $33 trillion, as well as the potential impact of high-interest rates set by the Federal Reserve. Many have predicted a hard landing on the horizon, including bullish investment firms that are now forecasting a recession despite expectations of continued growth and solid stock gains.
However, recent reports indicate that the US is experiencing deflation for the first time in three years. This has led some industry experts to predict that inflation may accelerate and reach the Federal Reserve’s target of 2% by the latter half of next year. Hedge fund managers and brokerages have even predicted a series of rate cuts in the coming year.
In conclusion, Robert Kiyosaki’s warning of an impending economic crash and potential depression should be taken seriously. While there are differing opinions among experts, the US economy is showing some signs of weakness, and concerns about the debt and high-interest rates remain. It is important for individuals to stay informed and make appropriate financial decisions based on their own circumstances.
