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Robert Kiyosaki sounds alarm on ‘fake money’ and long-term inflation

Amid his repeated warnings about a potentially devastating economic crisis, popular investor and finance author Robert Kiyosaki has sounded alarm on, as he called it, “fake money ” controlled by “Marxists” in the American government, as well as the lengthy inflation at the country’s doorstep. Indeed, Kiyosaki voiced his opinion that the current United States President, Joe Biden, had “caused inflation to rise, making life harder for the poor and middle class” after cutting the Keystone XL pipeline, which “caused the price of oil to rise from $30 to $130 in just one week,” per his X post on June 9. Inflation taking hold Furthermore, the author of the best-selling personal finance book ‘Rich Dad Poor Dad’ warned that “inflation will be with us for years” despite his belief that Biden will not win the presidential elections, as he argued that the “liberal academic ‘swamp’ that brought the Biden crime family to power… are still in power.” ...

Commodity expert sounds recession alarms on Bitcoin/Gold ratio

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Bitcoin (BTC) has lagged behind Gold since the leading cryptocurrency’s all-time high in 2021. The Bitcoin/Gold ratio now faces important resistance against the stock market and two possible outcomes surge for BTC. In particular, Bloomberg ’s commodity expert Mike McGlone analyzes the current economic scenario and leans toward a recession . McGlone posted his Analysis on X (formerly Twitter) on January 23, warning of trickle-down risks moving forward. The commodity expert explained Bitcoin surged in a favorable scenario of zero-interest rate policies (ZIRP) after a financial crisis. However, the cryptocurrency started to lag behind Gold when interest rates rose.  Stocks Was it better to buy gold bars at Costco or COST stock? Cryptocurrency Brace for strong BTC correction; Here’s why Cryptocurrency Cryptocurrencies set to reach $100 in 2024 Cryptocurrency Short squeeze alert for this week: Two cryptoc...