Finest-selling finance writer 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 writer 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 corresponding to Tesla, Meta, Alphabet, Amazon, Apple, Microsoft and Nvidia.
Citing information from banking large 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 time-frame.
In accordance with Kiyosaki, the rise of the Magnificent Seven is making traders consider that the US financial system is able to witness extra progress.
“The inventory market is climbing greater and better. Suckers truly consider the financial system is powerful. 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 towards the actions of the Fed, the Treasury Division in addition to Wall Avenue.
“Why I personal Bitcoin. Bitcoin is safety towards the theft of our wealth through our cash. Fed Chairman Powell, Treasury Secretary Yellin, and Wall Avenue bankers steal our wealth through our cash, particularly through inflation, taxation and inventory worth manipulation. That’s the reason I save and spend money on Bitcoin, not shares, bonds, and pretend {dollars}.”
At time of writing Bitcoin is price $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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