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Robert Kiyosaki Warns That A Crash Landing Is Coming Because America Is Bankrupt

Solar Panel Tax Credit
Solar Panel Tax Credit; Source- The US Sun

The 2023 U.S. stock market performance was remarkable, and the most recent gross domestic product (GDP) report was higher than anticipated. However, “Rich Dad Poor Dad” author Robert Kiyosaki believes that things may not be as rosy as they seem.

America Is Broke

“Don’t they realize Biden upped the debt ceiling? The stock market is up. He recently tweeted, “Stock market going up because US debt is rising. The country “America is broke.”

Fitch Ratings mirrored the author’s worries about America’s mounting debt. The United States’ long-term foreign currency issuer default rating was lowered by Fitch from its highest AAA rating to AA+ shortly after that tweet.The decision was made, according to the credit rating agency, because of “expected fiscal deterioration over the next three years,” a “high and growing general government debt burden,” and a “erosion of governance.”

While other experts anticipate a smooth recovery for the American economy, Kiyosaki is less upbeat. Real estate investing has just been much easier. This Jeff Bezos-backed firm is enabling normal investors to become landlords for as little as $100.

There are rumors that Elon Musk has purchased 6,000 acres of land in Austin. Before he inundates the city with new tech workers, consider making an investment in its future.

Silver And Gold

Gold and silver have been trusted as stable stores of wealth for thousands of years. These precious metals have an inherent scarcity, unlike fiat money, which can be generated in endless amounts, making them an advantageous inflation hedge. Although overall inflation has lately decreased, certain needs, such as food and housing, continue to be expensive. Give these metals another look if you think inflationary pressures are still on the horizon.

Bitcoin

Robert Kiyosaki

Source: cbs News

Bitcoin, according to some, is the new gold. While he has long been a supporter of the good ol’ yellow metal, Kiyosaki also like cryptocurrencies.

He tweeted last month: “Bitcoin to $120K next year.”With Bitcoin trading at $26,090 right now, Kiyosaki’s price target suggests a possible gain of more than 350%.

These days, purchasing and selling Bitcoin is simple. The cryptocurrency, however, is unstable. Despite a 57% increase year-to-date, the price of Bitcoin is still more than 50% behind where it peaked in November 2021.

If you don’t enjoy that roller coaster ride, you might want to consider safe income possibilities outside the cryptosphere, such as making a hands-off investment in rental properties for as little as $100.

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