Revelations 18:23:’For the merchants were the great men of the earth; for by thy sorceries were all nations deceived.’
Important Takeaways:
- ‘I believe the economy is the biggest bubble in world history,’ says ‘Rich Dad, Poor Dad’ author Robert Kiyosaki: ‘God have mercy on us all’
- Kiyosaki’s comments on Friday came as many economists are predicting a recession in 2023 for the U.S. economy after a series of interest-rate increases implemented by the Federal Reserve to combat a surge in inflation.
- He Tweeted: Many of you know I do not invest in equities, bonds, ETS or MFs. Please DO NOT listen to what I’m going to say next: “I would get out of paper assets.” The world economy is not a “Market.” I believe economy is the biggest bubble in world history. God have mercy on us all.
- Kiyosaki’s view of the global economy might not seem so far off now as investors look to the implosion of parts of the market, including segments of crypto, which have been rattled by the revelations surrounding FTX Group and founder Sam Bankman-Fried.
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