US Bracing for Crash Landing Following Credit Rating Downgrade, Warns Robert Kiyosaki

Renowned best-selling author Robert Kiyosaki predicts significant upheaval for the US economy in the wake of Fitch's credit rating downgrade of the United States.

In the preceding week, the credit rating agency executed a downgrade in its long-term evaluation of the United States, shifting from the "AAA" rating that indicates the lowest projected default risk, to "AA+," a designation assigned to countries with minimal anticipated default risk.

Fitch attributes this alteration to the foreseen fiscal deterioration of the country over the forthcoming years, coupled with the swiftly expanding debt burden of the government.

Noted author of "Rich Dad Poor Dad," Robert Kiyosaki, suggests that this downgrade serves as an indication of impending challenges for the US economy.

"The first shoe to drop. Fitch rating services downgrades the US credit rating from AAA to AA+. Brace for a crash landing. I apologize for the somber news, but I've been cautioning for over a year. The Fed, Treasury, and major corporate CEOs have been indulging in wishful thinking. Take care."

In the previous month, Kiyosaki forewarned that the US is on the brink of witnessing a momentous downturn. He highlighted the numerous indicators pointing towards a severe crash in the stock market and the potential emergence of an economic depression.

Given his outlook on the economy, the author specializing in personal finance remarked that he will persist in investing in "real money and real assets" like gold, silver, and Bitcoin (BTC).

Kiyosaki gained recognition for his ability to anticipate the 2008 financial crisis, despite his prediction that the crash would happen sooner than it actually did.

Aug 10, 2023

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