From Nasdaq Inc.:

“Rich Dad Poor Dad” author Robert Kiyosaki warned of an impending stock and bond market crash, despite recent market upturns, citing the “Magnificent Seven” companies’ artificial support using government funding. Kiyosaki expressed skepticism about high corporate earnings and a positive jobs report, cautioning investors about the deceptive economic prosperity they imply. Critics doubt Kiyosaki’s predictions due to his history of inaccurate forecasts.

Kiyosaki’s bearish market outlook comes after his expressed belief that Bitcoin serves as a safeguard against wealth erosion through inflation and stock price manipulation. He outlined concerns about traditional financial systems and investment vehicles and suggested that Bitcoin was a defense against this wealth manipulation. In the significant context of high market performance in recent times, particularly corporate earnings and positivity in the jobs market, Kiyosaki’s pessimistic forecast creates a contrasting narrative.



Read more: ‘Rich Dad Poor Dad’ Author Issues Dire Warning About Economy: ‘Don’t Be Fooled … Stock And Bond Markets About To Crash’