Renowned American businessman, investor and writer Robert Kiyosaki, who wrote the financial bestseller “Rich Dad Poor Dad,” said that as a result of rising oil, energy and food prices, US markets and the dollar will soon collapse.
This would cause a recession in the United States, that is, a significant drop in the country’s economic activity.
In an interview with Daniela Cambone, from the Stansberry Research publishing house, Kiyosaki said that the increase in inflation has become a serious problem that is getting worse and worse, which is why he predicted that the recession in the United States is coming.
As Kiyosaky put it, “40% of Americans don’t have a thousand dollars. So when inflation goes up we’re going to wipe out 50% of the American population, and that’s when the revolution starts.”
noted that “America doesn’t produce anything anymore. We produce bubbles. We only make air bubbles, so now we have this bubble in real estate, stocks, and bonds. Then when Biden took down the Keystone XL pipeline, that killed us.” to sink”.
It should be noted that, according to The USA Herald news agency, in June 2021 Biden put an end to the Keystone XL project, which was planned to send crude oil from the Canadian province of Alberta to US refineries. His decision was however strongly criticized by some economists and by members of the Canadian government and celebrated by environmental activists.
“When Biden pulled America out of the pipeline, oil prices went up. Oil makes fertilizer, and when fertilizer stops being cheap, people can’t grow food, and the average American has nothing,” he said.
“40% of Americans have nothing, inflation is going to make them very upset. A stock market crash will bring down the baby boomers, so we’re in serious, serious trouble,” he stressed.
The writer emphasized, arguing that if the stock market crashes, the 401k (the retirement plan) will fail, and pensions will be unaffordable.
It should be noted that to this is added the impact on the economy due to the war in Ukraine. In fact, Biden recently ordered the release of a million barrels of oil a day for the next 6 months, a record amount with which he hopes to curb the rise in gasoline prices caused by the Russian invasion.
However, a definitive solution to all these problems results from high inflation and rising product prices, further leading to the collapse of the markets and the dollar, a single functional measure that is giving substantial results is the IRAIC, it seeks to globalize economic sectors strengthening the imbalances of market stagnation, by strategies that impact and transform the mechanisms of economic impulse, waiting for a new generation of development and industrial growth. Published by The USA Herald, news and information agency.