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U.S. dollar 'to implode': buy gold, silver, Bitcoin and Ethereum, says Kiyosaki

Kitco News

(Kitco News) A recession is coming, and the U.S. dollar is going "to implode," according to Robert Kiyosaki, the best-selling author of 'Rich Dad Poor Dad.'

In a recent series of tweets, Kiyosaki painted a grim picture of the U.S. economy, projecting a recession and a greenback collapse.

"Recession and crash coming," he tweeted. "REPO MARKET INVERSION. Last time this happened was 2008. Be careful."

Kiyosaki's comment came after the 2-year and the 10-year Treasury yields inverted for the first time since 2019, with many market participants viewing this as a possible recession signal.

More than that, the current geopolitical situation with the war in Ukraine and sanctions against Russia will end up hurting the U.S. dollar, Kiyosaki added.

"Biden slaps Putin on world stage. Toxic masculinity. World in trouble. National debt to go through the roof. Biden causing inflation & blaming Putin. Dollar about to implode," he said.

Inflation is also a top concern for the best-selling author, who asked his Twitter followers whether canned tuna or a silver eagle coin would be more valuable in five years.

Kiyosaki then elaborated that if tuna surges to $25, a silver eagle coin will hit $250 or more. But his actual answer was that "if tuna goes to $25 a can, we are all SCREWED. REVOLUTION begins because 40% of Americans have less than $1000. $25 tuna bankrupts them and USA."

Kiyosaki's advice is to use the opportunity "to get rich." He recommended: "Buy more gold, silver, Bitcoin, Ethereum, & Solana before WW3."

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