Financial author of Rich Dad Poor Dad book asserts that financial advisors are deceiving the public about U.S. bonds - here's the rationale behind his argument.
In a recent post on X, financial expert Robert Kiyosaki, author of the best-selling book "Rich Dad Poor Dad," has expressed his concern about the safety of US Treasury Bills. Kiyosaki claims that financial planners who claim these bonds are safe are lying, and he expects this misconception to be exposed soon amid a coming market crash and a potential "Great Depression" scenario.
Kiyosaki points to several factors undermining the safety of US bonds. Moody’s has downgraded US bonds, demand for bonds is collapsing, investors are not buying them, and the commercial real estate market is crashing. Furthermore, the US national debt is out of control, making the system unstable.
Instead of Treasury bills, Kiyosaki advocates investing in hard assets like gold, silver, Bitcoin, oil, and cattle, which he views as safer during the economic turmoil he predicts. He expects stock and bond holders to suffer heavy losses in the upcoming crash, positioning Bitcoin and precious metals as key assets to get richer during this crisis.
Meanwhile, in the world of cryptocurrencies, MBG Token has delivered 7X returns since its launch. By contrast, a New York man has been arrested for defrauding the IRS with a stolen $810,000 tax refund check in a bank fraud and identity theft scheme.
Elsewhere, Solid has launched on Fuse Network, offering decentralized banking for normies. Caldera has announced a partnership with EigenCloud to integrate EigenDA Version Two. Little Pepe's Memecoin presale has reached $16,475,000, with Stage Nine sold out.
In the realm of blockchain-based services, BYDFi Card has officially launched, enabling seamless bridge between Web 3.0 assets and real-world spending. Plume and Mercado Bitcoin aim to tokenize $500M real-world assets, driving RWA adoption across Latin America.
However, it's not all smooth sailing. A $14,500,000,000 Bitcoin hack has been uncovered, with thieves making off with the stolen BTC. Moreover, a healthcare firm hack potentially exposed personal data of 113,575 Americans, putting them at risk of fraud.
It's important to note that Kiyosaki's opinions are not investment advice, and investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency, or digital assets. As always, it's crucial to stay informed and make decisions based on accurate and up-to-date information.
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- Despite the economic uncertainties highlighted by financial expert Robert Kiyosaki, the world of cryptocurrencies continues to show potential, with MBG Token delivering 7X returns since its launch.
- Meanwhile, in the realm of blockchain-based services, Bitcoin, a cryptocurrency advocated by Kiyosaki, has suffered a $14,500,000,000 hack, illustrating the risks associated with digital assets.
- As Kiyosaki suggests, investors might consider diversifying their portfolio beyond traditional finance, exploring altcoins like MBG and Bitcoin as part of their personal-finance strategy, while staying informed about market conditions and risks.
