Rich Dad, Poor Dad author Robert Kiyosaki has made some gloomy predictions about the economy and the condition of the market in the past.
Kiyosaki said in a November 2022 tweet that the economy is the biggest bubble in history. He said he does not invest in mutual funds, bonds, ETS, or equities.
Kiyosaki's comments come as economists predict that the U.S. is on the precipice of a recession in 2023. The Bank of America released its global outlook for the coming year and anticipated recessions in the U.S. and the U.K. in the coming year.
Kiyosaki warned last month that the U.S. is headed for an imminent economic collapse.
He said that investors could keep their capital intact by loading up on gold, silver, andBitcoin, despite an economic meltdown.
Kiyosaki advised people to create different income streams to combat the economic crash.
You may be able to protect your WEALTH, but not your INCOME by using gold, silver, orbitcoin. As the economy crashes, stock markets go bust, pensions crash and unemployment rises, a SIDE HUSTLE may provide income. He tweeted.
Kiyosaki said that people were not looking at the larger financial picture, despite the fact that people were not looking at the larger picture.
A year ago, in March 2022, Kiyosaki stated that we are in the biggest bubble in history, citing bubbles in stocks, real estate, commodities, and oil.