Reserve

Chair

April

<div class="finbold">
 <p class="paragraph">Not long after warning that the “everything” crash was looming, famous investor and author of the best-selling personal finance book <em>‘Rich Dad Poor Dad’</em> Robert Kiyosaki has made another troubling prognosis regarding inflation and the recent revelations by Federal Reserve Chairman Jerome Powell.</p>
 <p class="paragraph">As it happens, Kiyosaki said that Powell had “finally told the truth” last week and “admitted inflation is winning,” adding that the agency could “no longer promise inflation at 2% or that inflation is ‘transitory,’” according to the finance educator’s X post shared on April 3.</p>
 <figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
  <div class="wp-block-embed__wrapper">
   <blockquote class="twitter-tweet" data-width="500" data-dnt="true">
    <p lang="en" dir="ltr">Fed Chairman Powell finally told the truth. Last week he finally admitted inflation is winning. The Fed can no longer promise I flation at 2% or that inflation is “transitory.” Again he finally stopped lying. Congratulations.<br><br>The problem is most people have no idea what the…</p>— Robert Kiyosaki (@theRealKiyosaki) April 3, 2024
   </blockquote>
  </div>
 </figure>
 <p class="paragraph">Indeed, the Fed Chair admitted earlier that recent inflation figures were higher than expected, stating that his organization did “not expect that it will be appropriate to lower our policy rate until we have higher confidence that inflation is moving sustainably down toward 2%,” as <em>Bloomberg </em>reported.</p>
 <div class="border border-red-300 rounded-xl p-6 not-prose mb-6">
  <h3 class="text-2xl font-black mt-0 flex gap-x-3 mb-5">
   <svg width="32" height="32" viewbox="0 0 32 32" fill="none" xmlns="//www.w3.org/2000/svg"><path d="M4 10.6665V25.3332C4 28.2678 6.392 29.3332 8 29.3332H28V26.6665H8.016C7.4 26.6505 6.66667 26.4078 6.66667 25.3332C6.66667 24.2585 7.4 24.0158 8.016 23.9998H28V5.33317C28 3.8625 26.804 2.6665 25.3333 2.6665H8C6.392 2.6665 4 3.73184 4 6.6665V10.6665ZM8 5.33317H25.3333V21.3332H6.66667V6.6665C6.66667 5.59184 7.4 5.34917 8 5.33317Z" fill="#EF4444"> 
    </path> <path d="M15.996 18.6668L20.4626 14.2815C20.738 14.0166 20.9571 13.6989 21.1068 13.3473C21.2564 12.9957 21.3336 12.6176 21.3336 12.2355C21.3336 11.8534 21.2564 11.4752 21.1068 11.1236C20.9571 10.7721 20.738 10.4543 20.4626 10.1895C19.9074 9.64148 19.1587 9.33422 18.3786 9.33422C17.5985 9.33422 16.8498 9.64148 16.2946 10.1895L15.996 10.4801L15.6973 10.1881C15.1423 9.64023 14.3938 9.33301 13.614 9.33301C12.8341 9.33301 12.0856 9.64023 11.5306 10.1881C11.2552 10.453 11.0361 10.7707 10.8865 11.1223C10.7368 11.4739 10.6597 11.852 10.6597 12.2341C10.6597 12.6162 10.7368 12.9944 10.8865 13.346C11.0361 13.6975 11.2552 14.0153 11.5306 14.2801L15.996 18.6668Z" fill="#EF4444"> 
    </path>
   </svg> Picks for you</h3>
  <div class="grid md:grid-cols-2 gap-x-10 gap-y-3 md:gap-y-5 divide-y divide-gray-300 md:divide-y-0">
   <div class="md:odd:pr-4 md:odd:border-r odd:border-gray-300 pt-3 first:pt-0 md:pt-0">
    Sell signal for 2 overbought cryptocurrencies this week <span class="self-center text-xs text-slate-500">15 hours ago</span>
   </div>
   <div class="md:odd:pr-4 md:odd:border-r odd:border-gray-300 pt-3 first:pt-0 md:pt-0">
    Opportunity? Gold could reach $3,000 per ounce <span class="self-center text-xs text-slate-500">16 hours ago</span>
   </div>
   <div class="md:odd:pr-4 md:odd:border-r odd:border-gray-300 pt-3 first:pt-0 md:pt-0">
    VELAR DeFi token goes live on multiple platforms <span class="self-center text-xs text-slate-500">18 hours ago</span>
   </div>
   <div class="md:odd:pr-4 md:odd:border-r odd:border-gray-300 pt-3 first:pt-0 md:pt-0">
    Crypto expert eyes buy zone for ‘Nvidia of crypto' AI token <span class="self-center text-xs text-slate-500">19 hours ago</span>
   </div>
  </div>
 </div>
 <div class="mb-4 bg-slate-50 rounded-md layout-adjustment">
  <div id="finbold.com_middle" style="min-width: 300px; min-height: 250px;">
  </div>
 </div>
 <h2 class="wp-block-heading" id="h-robert-kiyosaki-we-re-f-d">Robert Kiyosaki: ‘We’re F’d’</h2>
 <p class="paragraph">With this in mind, the <em>‘Rich Dad Poor Dad’</em> author pointed out that “most people have no idea what the Fed Chairman admitted means to them or their families or to the world,” and that in simple language, it meant “we’re F’d.” Furthermore, he highlighted that:</p>
 <blockquote class="wp-block-quote">
  <p class="paragraph">“As I warned in RDPR over 27 years ago ‘Savers are losers.’ The dollar has lost 95% of its purchasing power since 1913 the year the Fed and IRS were formed.”</p>
 </blockquote>
 <p class="paragraph">Finally, Robert Kiyosaki urged his followers to “wake up and take control of your money and your information,” as trusting the political leaders would lead to financial trouble. As one of the ways to do this, he reiterated saving “real gold, silver, and Bitcoin (BTC),” the world’s number one cryptocurrency.</p>
 <h2 class="wp-block-heading" id="h-btc-price-prediction">BTC price prediction</h2>
 <p class="paragraph">As a reminder, the popular investor recently echoed the words of fellow writer and economist Harry Dent, who earlier this year issued a disturbing warning that the “everything bubble” could burst in 2024, including Bitcoin, although Kiyosaki sees it as an opportunity to accumulate more BTC.&nbsp;</p>
 <p class="paragraph">For now, the flagship decentralized finance (DeFi) product is changing hands at $66,370, up 0.27% on the day, declining 5.87% across the past week, and accumulating a gain of 0.17% in the last month, according to the most recent charts retrieved on April 4.</p>
 <p class="paragraph">Meanwhile, several crypto trading experts disagree with Dent’s BTC price prediction, suggesting instead that it could reach between $100,000 this year and an optimistic $1,000,000 in 2025, based on multiple analyzed factors. That said, doing one’s own research is critical when investing.</p>
 <p class="paragraph"><strong><em>Disclaimer:</em></strong><em> The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.&nbsp;</em></p>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/robert-kiyosaki-says-we-re-f-d-here-s-why-tbt84403.html">https://thebittimes.com/robert-kiyosaki-says-we-re-f-d-here-s-why-tbt84403.html</a></p>

Robert Kiyosaki says ‘we’re F’d,’ Here’s why

Table of Contents

TheBitTimes

Other articles published on Apr 4, 2024

The Simply Good Foods Company (SMPL) Reports $0.4 EPS for Q2, $321.2 M in Revenue

Banks Race to Introduce Bitcoin ETFs as Bitcoin Cash Halving Occurs and Meta Suffers Losses

JPMorgan Says Ethereum Could Avoid 'Security' Label Amid Decreasing Lido Share

Biggest Bitcoin Fork Completes Halving

Unlock the Power of AI: How KELP’s AI-Driven Platform is Revolutionizing DeFi

Litecoin’s 10% and 124% hikes – What to expect from the price now?

Join our free newsletter for daily crypto updates!