The author of the personal finance bestseller Rich Dad Poor Dad, Robert Kiyosaki, believes “bonds are not safe,” contrary to the mainstream opinion.
Kiyosaki tells his 2.8 million followers on X that the market value of bonds offered in the US and parts of Europe has fallen significantly over the past five years.
“Since 2020, American Treasury Bonds have declined by 13% and financial planners are still promoters of the 60/40 balance of bonds and stocks are safe. What are they smoking? Don’t they have a moral conscience?
European Bonds are down by 24%.
British Bonds have declined by 32%.
This means the global economy has lost faith in the British economy to service their debts.”
The best-selling personal finance author says that two of the largest foreign holders of US Treasuries are losing faith in the asset and hedging their bets at a time when the globe’s biggest economy has become the “biggest debtor nation in world history.”
“Japan and China are dumping US bonds and buying gold and silver.”
According to Kiyosaki, two of the biggest economies in Europe, France and Germany, are also staring at political and economic crises.
“EUROPE is TOAST.
French people are on the verge of a Bastille Day revolt. They’re bringing out their guillotines, and heads will roll as France may be forced to admit bankruptcy….
Germany is busted…due to their silly Green New Deal Energy policies. It’s now too expensive to produce German products such as cars because their energy is too expensive.
Civil war in Germany is brewing.”
In light of the potential economic and political problems facing different parts of the world, Kiyosaki says,
“This insanity is why I continue to recommend you save yourself….and save gold, silver, and Bitcoin.”
At time of writing, Bitcoin (BTC) is trading for $109,392.
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