Rich Dad Poor Dad author: “America is broke!”
You don’t have to spend much time with Robert Kiyosaki, the author of the bestselling financial advice book of all time, Rich Dad Poor Dad, to be convinced that you should own gold and silver.
Now Kiyosaki’s warnings are growing louder!
“Brace for a crash landing,” he says. We agree and for the reasons he says.
“Don’t they know,” he asked in a recent tweet, “the stock market is up because Biden raised debt ceiling? America’s debt is going up … so stock market going up!” he wrote.
“America is broke,” he said, cutting to the chase.
It’s true. $32.658 trillion is official US debt is only part of the story, the visible part of the debtberg. The hidden part of the US debtberg is much, much bigger.
“They’re smoking fantasy weed!”
Yahoo! Finance writes, “The author’s concern about America’s escalating debt was echoed by Fitch Ratings. Shortly after that tweet, Fitch downgraded the United States’ long-term foreign-currency issuer default rating from its highest AAA rating to AA+. The credit rating agency pointed to ‘expected fiscal deterioration over the next three years,’ a ‘high and growing general government debt burden’ and an ‘erosion of governance’ as reasons behind the decision.
Fitch’s downgrade of US debt was followed by Moody’s downgrade of ten banks with others on a watch list.
Now Fitch is warning that it may be forced to downgrade the creditworthiness of dozens of banks.
With all of that, forget a soft landing for the economy, says Kiyosaki. “First shoe to drop. Fitch rating services downgrades U.S. credit rating from AAA to AA+. Brace for crash landing,” he tweeted. “Sorry for the bad news yet I have been warning for over a year the Fed, Treasury, big corp CEOs have smoking fantasy weed.”
As we said, you don’t have to spend long with Robert Kiyosaki to realize you much protect yourself with gold and silver!