Businessman and the author of Rich Dad, Poor Dad, Robert Kiyosaki, stated that the rising inflation is a sign of an enormous crisis. He also noted that things will worsen and that the recession is approaching.
According to some analyses, the Dollar market is soon to collapse due to increasing costs of food, oil, energy, and inflation.
America Produces Nothing But Bubbles
According to Kiyosaki, America produces nothing but bubbles, especially in the real estate, stocks, and bonds markets. Kiyosaki added that when the inflation goes up, an average American will barely have $1,000 to spend, which will wipe out 50% of the US population.
Once the stock market crashes, the 401k will fail, leading to unpayable pensions and retirement plans.
He also stated that rising food costs are turning into a severe problem.
According to Kiyosaki, investing in cryptocurrencies could save the day, but only if people get in early. Investing into Bitcoin might be too late now, but Kiyosaki believes that Solana is still early and has enormous potential.