Robert Kiyosaki destroys WSJ’s economy claims: Why he’s all-in on Bitcoin
Robert Kiyosaki is the author of the best selling personal financial book Rich Dad Poor Father’ and has attacked these claims.
In a July 31 tweet, Kiyosaki reiterated his support for Bitcoin, gold, and silver ( BTC).
WTF. WSJ says economy is strong. They don’t know that the stock market has risen because Biden raised the debt ceiling. The stock market is rising because America’s debt is increasing. Numb nuts. America is broke. Still prefer gold, silver Bitcoin.
Robert Kiyosaki – (@theRealKiyosaki). July 31, 2023
No recession in the US, according to WSJ
The article that the well-known investment was referring to is called ‘U.S. Economic Growth Accelerates – Defying Expectations of Slowdown’, published on 27 July, in which the authors claim that the US had grown by 2.4% in the 2nd quarter of 2023. This suggests the US is ‘avoiding recession’. According to the WSJ
As the inflation drops from its historic highs, and as the labor market continues to be strong, the solid growth increases the prospects of a softer landing-in which the inflation returns to close to the Federal Reserve’s 2% target.
The WSJ also reports that, despite a mild recession in early 2022 and a growth rate of ‘roughly 2%’, this was a similar pace to the decade prior to the pandemic.
Kiyosaki: US Economy on the Rocks
The finance teacher has warned for years about the imminent doom and its fatal consequences. This is especially true as the BRICS countries (Brazil Russia India China South Africa) and others band together to take on the “big playground bully” and the US Dollar loses its dominance and position as a reserve currency in the world.
Kiyosaki had earlier expressed his opinion , that the current government is not working for the people, referring to the Federal Reserve, and other parts, as ‘the Adams Family’, and cartoons killing the economy’, which is in “serious troubles,