I think i have seen, well.....countless articles, at least a handful of month with him not screaming inflation, but none the less HYPERINFLATION!!! Yep. He's that worried about HYPERINFLATION that he predicting gold to $25,000 and bitcoin to a million....I fond it quite interesting because according to the US inflation data it seems like everything is calm cool and collected. So where is this hyperinflation? I'm waiting for it.....we had some inflation but as the fed says it's all transitory. https://moneywise.com/investing/alt...t-kiyosaki-warns-of-hyperinflation-in-america
If you keep on watching moneywise/cnbc ... news, you will suffer from perpetual insomnia. Time for you to watch TRADING related news.
Countries with the reserve currency do not fall into hyperinflation. Hyperinflation is a collapse in confidence in the political leaders of the nation. It is not a monetary phenomenon rather it is a confidence phenomenon. Venezuela under Chavez, Argentina under the Kirchners, Germany under the post-Kaiser Communists who ruled briefly before it all came undone in the early 1920s, multiple low IQ African rulers who didn't understand Finance, etc. These were all a loss in faith of it's leadership to fix anything. I guess to a degree you saw foreigners pulling out of US investments after Liberation Day, but that is not the same as a hyperinflation. Before Millei came to rule, Argentina had triple digit inflation in the local currency, although realistically everyone was using USD anyway. That is quite different than the USD dropping 8%. Kiyosaki has been a late night infomercial scammer since the 1990s with his Rich Dad, Poor Dad spiel. His math is way off anyway. Bitcoin would have to reach like $8 million if Gold hit $25K. I believe BTC is currently 10% of Gold assets.
I think Kiyosaki is a dumbass, but gold and bitcoin are some of the best performing assets over the last year (and over the last 10-years + for bitcoin). A cool thing about the markets is if you have the right trade but its for a dumb reason, you dont have to give the money back.
all i can figure is the tv remote is out of a battery and he is stuck watching cnbc only, lol turned his brains to mush like a zombie they have him under their control..
Late cycle there are always pundits and traders suddenly discovering a sector. You have to be selective and realistic right now the easy money is mostly over. I still see Silver has some catch up and overlooked small caps are good plays now. Wasn't long ago nobody wanted to own a Canadian gold/silver miner even though Gold was close to ATHs at $1800-1900 an ounce.
Robert Kiyosaki is a social media personality salesman. Those Types will literally say Anything exciting, sexy, clickbait and controversial to stay relevant and in the news. Don't be a dumb zombie sheep cattle and get consumed by hype, ego, bullshit and nonsense Kevin O'Leary is similar to Robert Kiyosaki. Both are confidence men. And Grant Cardone too.