‘I believe the Economy is the Biggest Bubble in World History,’ says Robert Kiyosaki
‘Rich Dad, Poor Dad’ author
MarketWatch
‘Please DO NOT listen to what I’m going to say next: “I would get out of paper assets.” The world economy is not a “Market.” I believe the economy is the biggest bubble in world history. God have mercy on us all.
Those are the latest words of caution from Robert Kiyosaki, the bestselling author of “Rich Dad, Poor Dad,” who has shared some grim warnings about the health of the markets and economy over the years.
Many of you know I do not invest in equities, bonds, ETS or MFs. Please DO NOT listen to what I’m going to say next: “I would get out of paper assets.” The world economy is not a “Market.” I believe economy is the biggest bubble in world history. God have mercy on us all.
— therealkiyosaki (@theRealKiyosaki) November 25, 2022
Indeed, the author and businessman has been relatively downbeat about the global economy, offering pessimistic predictions back in 2020 for gold GC00, -0.04%, silver SI00, 0.02% and bitcoin prices BTCUSD, -0.20% as the world attempted to emerge from the lockdowns that marked the onset of the COVID pandemic.
***
His remarks also came as many investors across Wall Street are beginning to wonder if the lows are finally in for S&P 500
***
Read orginal MarketWatch post Click Here
Header featured image (edited) credit: A man pushes a cart past colorful boards covering the windows of a closed shop / OLI SCARFF/AFP/GETTY IMAGES
Emphasis added by (TLB) editors
••••
••••
Stay tuned to …
••••
The Liberty Beacon Project is now expanding at a near exponential rate, and for this we are grateful and excited! But we must also be practical. For 7 years we have not asked for any donations, and have built this project with our own funds as we grew. We are now experiencing ever increasing growing pains due to the large number of websites and projects we represent. So we have just installed donation buttons on our websites and ask that you consider this when you visit them. Nothing is too small. We thank you for all your support and your considerations … (TLB)
••••
Comment Policy: As a privately owned web site, we reserve the right to remove comments that contain spam, advertising, vulgarity, threats of violence, racism, or personal/abusive attacks on other users. This also applies to trolling, the use of more than one alias, or just intentional mischief. Enforcement of this policy is at the discretion of this websites administrators. Repeat offenders may be blocked or permanently banned without prior warning.
••••
Disclaimer: TLB websites contain copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available to our readers under the provisions of “fair use” in an effort to advance a better understanding of political, health, economic and social issues. The material on this site is distributed without profit to those who have expressed a prior interest in receiving it for research and educational purposes. If you wish to use copyrighted material for purposes other than “fair use” you must request permission from the copyright owner.
••••
Disclaimer: The information and opinions shared are for informational purposes only including, but not limited to, text, graphics, images and other material are not intended as medical advice or instruction. Nothing mentioned is intended to be a substitute for professional medical advice, diagnosis or treatment.
Yes..gold is the all-time best asset.