Robert Kiyosaki Warns of 1929-Like Market Crash as Moody’s Downgrades U.S. Credit

Wall Street faced a lively withdrawal on Monday, May 19, while Moody’s lowered the Credit of the American government of a notch, citing concerns concerning the debt of $ 36 dollars in the country.

The demotion has triggered a large sale on the market and recruited alarms as to the long -term stability of the American economy, but it has also rekindled a long -standing warning from the financial author Robert Kiyosaki, who considers this as the beginning of something much deeper and more dangerous.

The markets don’t care like Moody’s Slashes Us Credit Rating

Moody’s, the last of the main rating agencies to act, reduced the American credit note from AAA to AA1, citing hot air balloon deficits and an increase in interest costs that threaten America’s ability to manage its debt. Investors reacted quickly: the term contracts on the NASDAQ-100 plunged 1.6%, the S&P 500 dropped by 1.2%and the Dow term contracts dropped by 0.8%.

At the same time, bond yields have increased, with the 30-year-old treasure picking up the 5% mark for the first time in years, a clear sign of nervousness of investors about lending to the United States

This has taken place in one of the strongest weeks of Wall Street for months, where the softening of American-Chinese tensions had sent technological actions. But these earnings now seem fragile when the financial markets are preparing for the training effects of the demotic American budgetary image.

Warning by Robert Kiyosaki: “Deadbeat Dad” America

The author and financial educator Robert Kiyosaki responded strongly to the news. He compared the United States to a “dead dad” borrowed recklessly without any plan to reimburse him. He warned that this demotion would likely lead to higher interest rates, triggering a recession, increasing unemployment, potential banks of banks and possibly an accident that recalls the great depression of 1929.

Kiyosaki said he was planning this scenario in the prophecy of his book Rich Dad 2013 and has long urged people to escape the job security trap. Instead, he advises to adopt entrepreneurship, invest in real estate that flows in cash during slowdowns and save real assets such as gold, silver and bitcoin. “A depression can be the best time to become rich,” he wrote, encouraging people to think like entrepreneurs, and not employees clinging to a constant pay check and a narrowing 401k.

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It’s all politics….

On the other hand, Peter Schiff rejected Moody’s degradation as being largely out of words, saying that the markets did not react strongly because it is already clear that the United States cannot reimburse its debts. He warned that defect or inflation is inevitable and argued that credit ratings are political and non -economic.

Crisis = Opportunity

The officials of the federal reserve that are preparing this week, investors will closely monitor the signals on how decision -makers interpret the demotion and its potential influence on interest rate decisions. For Kiyosaki, however, the message is already clear for those who prepare judiciously, with real active ingredients and an entrepreneurial state of mind, can transform the crisis into an opportunity.

Faq