Best-selling finance author Robert Kiyosaki is sounding the alarm about a move happening on the other side of the world that could have catastrophic ramifications in the US.
In a fresh post on X, the Rich Dad Poor Dad author says the Japanese carry trade has created the biggest bubble in the world for three decades.
Kiyosaki explains that during the 30-year period, the central bank of Japan kept near-zero interest rates, allowing investors to borrow cheap yen and convert the currency into dollars to buy high-performing assets like US stocks, US Treasuries, commodities and real estate.
But with Japan now looking to raise interest rates amid soaring inflation in the country, Kiyosaki predicts that those who borrowed cheap yen to chase profits in US stocks and bonds will now be forced to dump their holdings to pay back their loans as the yen strengthens.
“30-YEAR BUBBLE BURSTING… For 30 years, Japan has loaned billions to investors in global markets, and money flowed into real estate, stocks, bonds, commodities & businesses. The Japanese ‘carry trade’ blew the assets of the world….into the biggest bubble in the world. Japan put a pin in these Global assets, and the biggest crash in history began over Thanksgiving.”
To survive the imminent crash, Kiyosaki tells his 2.8 million followers to invest in energy and oil as he predicts that millions will be out of a job because of AI.
“We all know AI will wipe millions of jobs out.
I am investing in oil and natural gas producers because AI demands massive amounts of energy to support AI growth…
I plan on getting richer although tragically….millions will become unemployed, poorer, and most likely lose the homes they own.”
He also says he plans to unveil more investment strategies that he believes will make people richer even if the global economy crashes.
“Please wait for my next nine investment suggestions.
Remember, all 10 suggestions are only my suggestions…. I make no recommendations.”
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