Finest-selling finance creator Robert Kiyosaki is issuing a dire warning, saying {that a} collapse within the inventory and bond markets is shut at hand.
The Wealthy Dad Poor Dad creator tells his 2.5 million followers on the social media platform X that the inventory market rally is pushed by {dollars} coming from the US authorities.
Kiyosaki particularly mentions the stellar efficiency of the Magnificent Seven shares which embody shares of tech titans akin to Tesla, Meta, Alphabet, Amazon, Apple, Microsoft and Nvidia.
Citing information from banking big Goldman Sachs, Yahoo! Finance says the Magnificent Seven collectively soared by 71% in 2023 whereas the remainder of the shares within the S&P 500 simply gained 6% in the identical timeframe.
In accordance with Kiyosaki, the rise of the Magnificent Seven is making buyers consider that the US financial system is able to witness extra progress.
“The inventory market is climbing larger and better. Suckers truly consider the financial system is robust. Don’t be fooled. The Magnificent Seven financed by US authorities {dollars} retains the inventory market up. Please watch out. Inventory and bond markets about to crash.”
Kiyosaki highlights that he continues to carry Bitcoin (BTC) to guard himself in opposition to the actions of the Fed, the Treasury Division in addition to Wall Road.
“Why I personal Bitcoin. Bitcoin is safety in opposition to the theft of our wealth through our cash. Fed Chairman Powell, Treasury Secretary Yellin, and Wall Road bankers steal our wealth through our cash, particularly through inflation, taxation and inventory worth manipulation. That’s the reason I save and put money into Bitcoin, not shares, bonds, and faux {dollars}.”
At time of writing Bitcoin is value $42,844. In the meantime, the S&P 500 simply hit a recent all-time excessive of 4,975 factors on Friday.
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