Greatest-selling writer Robert Kiyosaki says the US economic system is about to witness main turbulence after Fitch downgraded the USA’ credit standing.
Final week, the credit standing company lower its long-term US stance from “AAA,” denoting the bottom expectation of default danger, to “AA+,” a designation given to international locations with low expectations of default danger.
Based on Fitch, the transfer is as a result of nation’s anticipated fiscal deterioration over the approaching years together with the federal government’s quickly increasing debt burden.
The Wealthy Dad Poor Dad writer says the downgrade means that tough instances are forward for the US economic system.
“First shoe to drop. Fitch score providers downgrades the US credit standing from AAA to AA+. Brace for a crash touchdown.
Sorry for the unhealthy information but I’ve been warning for over a yr. The Fed, Treasury, and large company CEOs have been smoking fantasy weed. Take care.”
Final month, Kiyosaki warned that the US is about to witness a historic downturn. He stated there are too many indicators that the inventory market is heading for a extreme crash and {that a} potential financial despair is coming.
Contemplating his outlook on the economic system, the non-public finance writer stated that he’ll proceed to spend money on “actual cash and actual belongings” resembling gold, silver and Bitcoin (BTC).
Kiyosaki is understood for anticipating the 2008 monetary disaster, though he predicted the crash would occur before it did.
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