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- 🚀 ETH jumped to $4,600 this morning, up 8.69% in 24h!
Just shy of the $4,891 ATH—think it breaks through?
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'Rich Dad Poor Dad' Author's Great Depression Forecast Rejected As CPI Report Comes In
CPI comes in low, Kiyosaki's gloomy forecast opposed
The CPI has come out slightly below the expectations of analysts – 2.7% versus 2.8%. This may indicate that in September the Federal Reserve will finally agree to reduce the interest rate – something many financial experts, traders and even the US president Trump have been longing for recently.
Based on this development, Anthony Pompliano addressed the pessimists who “promised us a Great Depression and empty shelves.” Instead of that, Pomp said, “we got all-time highs and an economic boom.”
One of the most vocal advocates of a new Great Depression coming soon is the author of the “Rich Dad Poor Dad” book, investor and financial guru Robert Kiyosaki. Notably, just like Pompliano, he is a vocal Bitcoin advocate. However, their takes on the state of the American economy and predictions regarding its near future are totally different.
Kiyosaki predicts Great Depression to return
Last week, Kiyosaki published yet another X post, where he predicted a new Great Depression coming soon to the US. He stated that the bond and stock markets will be the first to collapse in a market crash that is looming, also reminding that the Moody’s agency has downgraded US bonds.
The “Rich Dad Poor Dad” author revealed that Asian traders are buying gold and he himself has always considered bonds and stocks to be unreliable and preferred Bitcoin, physical gold, silver, oil, and cattle. He even owns silver and gold mines. All these assets, particularly, gold, silver, and BTC, are going to make him rich when a new Great Depression arrives, Kiyosaki expects.