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 <p><span style="font-weight: 400">In a recent </span><span style="font-weight: 400">tweet</span><span style="font-weight: 400">, Kiyosaki highlighted the potential for a “crash landing” in the country’s economy, sparking concerns among investors and the public alike. His tweet read, “Sorry for the bad news yet I have been warning for over a year the Fed, Treasury, and big corp CEOs have been smoking fantasy weed. Take care.”</span></p>  
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 <blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
  <p lang="en" dir="ltr">First shoe to drop. Fitch rating services down grades US credit rating from AAA to AA+. Brace for crash landing. Sorry for the bad news yet I have been warning for over a year the Fed, Treasury, big corp CEOs have smoking fantasy weed. Take care.</p> 
  <p>— <a rel="noopener noreferrer nofollow" title="Robert Kiyosaki" href="https://thebittimes.com/tag/robert-kiyosaki.html">Robert Kiyosaki</a> (@theRealKiyosaki) August 2, 2023</p> 
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 </div> 
 <h2 id="strong-fitch-downgrades-a-rel-noopener-noreferrer-nofollow-title-us-credit-rating-href-https-thebittimes-com-tag-us-credit-rating-html-us-credit-rating-a-strong"><strong>Fitch Downgrades <a rel="noopener noreferrer nofollow" title="US Credit Rating" href="https://thebittimes.com/tag/us-credit-rating.html">US Credit Rating</a></strong></h2> 
 <p><span style="font-weight: 400">Kiyosaki’s comments come on the heels of a recent US credit rating downgrade from AAA to AA+ by credit rating agency Fitch.</span></p> 
 <p><span style="font-weight: 400">Fitch’s decision to lower the credit rating was primarily driven by concerns over fiscal deterioration and recurring </span><span style="font-weight: 400">debt ceiling negotiations</span><span style="font-weight: 400"> that threaten the country’s financial stability over the next few years.</span></p> 
 <p><span style="font-weight: 400">The immediate aftermath of Fitch’s downgrade witnessed a notable flight to safety among traders and investors. As the news circulated, there was a perceptible shift away from stocks and toward safer assets such as government bonds and the US dollar.&nbsp;</span></p> 
 <p><span style="font-weight: 400">On the other hand, the yield on the benchmark US Treasury note decreased 2 basis points to 4.03%, while the cost of insuring US sovereign debt against default remained almost unchanged, suggesting investors’ confidence in the downgrade’s long-term implications.</span></p>  
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 <p><span style="font-weight: 400">The recent downgrade by Fitch has stirred significant attention and debate. While the downgrade caught many by surprise, it’s important to take a step back and understand the context in which this decision was made.&nbsp;</span></p> 
 <p><span style="font-weight: 400">In May, Fitch </span><span style="font-weight: 400">announced</span><span style="font-weight: 400"> that it had placed the United States on a “rating watch negative.” This move was not an immediate downgrade but rather an indication that Fitch was closely scrutinizing the US economy and its fiscal trajectory.</span></p> 
 <h2 id="strong-kiyosaki-calls-for-awareness-and-preparedness-strong"><strong>Kiyosaki Calls for Awareness and Preparedness</strong></h2> 
 <p><span style="font-weight: 400">Kiyosaki’s statements serve as a wake-up call for individuals, investors, and policymakers alike. While the exact nature and timing of any potential economic crisis remain uncertain, his message underscores the importance of being informed, prepared, and proactive.&nbsp;</span></p> 
 <p><span style="font-weight: 400">Kiyasoki has </span><span style="font-weight: 400">previously</span><span style="font-weight: 400"> warned that an interest rate hike by the Federal Reserves would cause havoc to the US economy. He, therefore, advised investors to invest in Bitcoin.</span></p> 
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Robert Kiyosaki Warns of "Crash Landing" as US Credit Rating Plummets

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