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'Rich Dad Poor Dad' Author Says Economy Is Biggest Bubble In World History: 'God Have Mercy On Us All'

Stock Markets Nov 26, 2022 18:10
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Benzinga - "Rich Dad, Poor Dad" author Robert Kiyosaki has made some gloomy predictions in the past about the economy and the condition of the market.

Now, in a new tweet, Kiyosaki said the "economy is the biggest bubble in world history." He also mentioned that he does not invest in equities, bonds, ETS, or mutual funds.

Kiyosaki's comments come as economists predict the U.S. is on the precipice of a recession in 2023. Bank of America (NYSE:BAC) recently released its global economic outlook for the coming year and anticipated recessions in the U.S., Europe, and the U.K. in the coming year.

Last month, Kiyosaki warned that the U.S. is heading toward an impending economic collapse.

Also Read: 'Rich Dad Poor Dad' Author Warns Of Economic Pain, Says Baby Boomers Will Be 'Biggest Losers'

He tweeted that amid an economic meltdown, investors could keep their capital intact by loading up on gold, silver, and Bitcoin.

Kiyosaki advised people to create various income streams to combat the economic crash.

"Gold, silver, Bitcoin may protect your WEALTH…but not your INCOME. As economy crashes, stock markets go bust, pensions crash and unemployment rises a SIDE HUSTLE may provide you income. Who knows? Your side hustle may grow into the next Amazon (NASDAQ:AMZN) or Bitcoin. Take care. Be aware," he tweeted.

Hinting at a similar economic situation, Kiyosaki said people were not looking at the larger financial picture.

Earlier in 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

© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Read the original article on Benzinga

'Rich Dad Poor Dad' Author Says Economy Is Biggest Bubble In World History: 'God Have Mercy On Us All'
 

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