An expert warns: inflation threatens to sweep via half of the American population .. What is it like?

As price levels continue to rise, the Fed no longer uses the word “temporary” to describe inflation.

US consumer prices rose 8.6% in May from a year ago, marking the fastest rise since December 1981.

This could give the Fed a reason in more to keep raising interest rates, which is already casting a giant shadow on the stock market.

That vicious circle has become the subject of criticism from veteran investors, with Robert Kiyosaki, author of Rich Dad, Poor Dad, recently joining the team.

“When inflation rises, we will wipe out 50 percent of the US population,” Kiyosaki said at the beginning of. quest’year.

consumer grinding

Kiyosaki explained that the US has stopped producing products while it is producing bubbles, adding, “We now have bubbles in the real estate market, the stock market and the bond market.”

Famous investor and economic writer criticized US President Joe Biden’s decision to shut down the Keystone XL pipeline, which he believes is a major cause high energy prices.

Half of Americans don’t have $ 1,000 in pocket, Kiyosaki said, referring to a recent survey by research firm Bankrate, which revealed that most Americans don’t have enough money to cover unexpected expenses if they exceed $ 1,000.


Given his bleak outlook, it’s no surprise that Kiyosaki is a fan of safe-haven assets like gold and silver – precious metals can’t be printed out of thin air like paper money, and they’ve helped investors retain their power. purchase for centuries.

The price of gold has risen about 8% since the beginning of the year and the Russian invasion of Ukraine has given investors a new reason to look for the yellow metal.

Although Kiyosaki owns gold, he first bought the yellow metal in 1972 – he prefers silver in the current economic environment.

In a tweet he wrote last March, Kiyosaki revealed that he had bought 2,500 US coins and offered his positive reasons for doing so.

“Gold really is in upside, the bitcoin it’s still very high, but silver is 50% below its all-time high and silver is a metal that goes in in many sectors, “he said.

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