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US stock market headed for ‘giant crash’
This picture taken on April 18, 2019 shows traders working after the opening bell at the New York Stock Exchange (NYSE), while the logo for Pinterest Inc. is seen on the screens during the company’s IPO in New York City. (File photo by AFP)
“Rich Dad Poor Dad” author Robert Kiyosaki has predicted the US stock market is headed for a “giant crash” followed by a depression.
Yahoo News on Saturday cited a tweet posted by Kiyosaki in which the financial educator advises the masses to “Prepare: Giant crash, then new depression.”
“Biden & Fed RIPPING OFF POOR PEOPLE. US sliding into depression. BIDEEN & FED need inflation to prevent New Depression. Inflation rips off the poor. Inflation makes rich richer. Biden and Fed corrupt. Prepare: Giant crash then new depression. Be smart Buy, gold, silver Bitcoin,” Kiyosaki tweeted.
The financial expert also reiterated his belief that there were only three “smart” investments to buy right now: gold, silver, and Bitcoin.
The famous investor said Bitcoin’s future is “very bright.”
The US has already slipped into a recession that could be as bad as the 2007-08 meltdown, according to new research that punctures holes in media reports about the booming stock market and low unemployment.
The indices are drawn from questions asked from ordinary Americans about their income expectations, employment conditions and what they expect for the US economy in the near future
David Blanchflower, a former member of the Bank of England Monetary Policy Committee, and Alex Bryson, a University College London professor, in new research, has claimed that the US has already entered recession in late 2021.
The indices are drawn from questions asked by ordinary Americans about their income expectations, employment conditions, and what they expect for the US economy in the near future.
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