
Big prediction from Rich Dad Poor Dad author Robert Kiyosaki: Gold will go to $25,000
THE END is HERE:
WHAT if you threw a party and no one showed up?
That is what happened yesterday.
The Fed held an auction for US Bonds and no one showed up.
So the Fed quietly bought $50 billion of its own fake money with fake money.
The party is over. Hyperinflation is… — Robert Kiyosaki (@theRealKiyosaki) May 21, 2025
Live Events
(You can now subscribe to our
(You can now subscribe to our ETMarkets WhatsApp channel
Bestselling author and financial educator Robert Kiyosaki , known for his book Rich Dad Poor Dad, doubled down on gold in a post on the social media platform X, predicting a dramatic surge in its price amid economic turmoil. He described the recent U.S. bond auction as a failure and called it a harbinger of financial collapse.'Good news. Gold will go to $25,000. Silver to $70. Bitcoin to $500k to $1 million.'Kiyosaki declared, "THE END is HERE", expressing concerns about hyperinflation, a collapsing bond market, and severe consequences for the global economy.'WHAT if you threw a party and no one showed up? That is what happened yesterday,' Kiyosaki wrote, referencing the U.S. Treasury's recent 20-year bond auction that drew soft demand from investors.This follows the U.S. Treasury Department's struggle to attract buyers for a $16 billion sale of 20-year bonds, reflecting growing investor anxiety over the ballooning national debt and fiscal uncertainty as Congress debates new spending legislation.Stocks and the dollar sold off following the weak auction results, while U.S. Treasury yields rose, signalling market concerns about long-term fiscal sustainability.Kiyosaki elaborated on the issue, stating, 'The Fed held an auction for US Bonds and no one showed up. So the Fed quietly bought $50 billion of its own fake money with fake money.'The author interpreted this move as a sign of deeper monetary instability continuing. 'The party is over. Hyperinflation is here. Millions, young and old, to be wiped out financially,' he added.His reaction comes on the heels of Moody's downgrade of the United States' sovereign credit rating, which followed earlier downgrades from Fitch Ratings and Standard & Poor's.In a post made earlier this week, Kiyosaki remarked that the downgrade signifies that 'the US is like a dead-beat dad who is spending borrowed money, without a job, and not taking care of his family.'He warned that such credit downgrades may trigger higher interest rates, pushing the U.S. economy into a recession and potentially leading to unemployment, failing banks, a housing crisis, and even a depression on the scale of 1929.The recent bond auction only intensified those concerns. The auction's poor reception could spur bond market vigilantes, investors demanding greater fiscal discipline, and lead to a harsher investment climate for the U.S. government.Kiyosaki also reiterated his views on personal preparedness and financial independence, urging followers to adopt an entrepreneurial mindset.'I have always recommended people become entrepreneurs, at least a side hustle, and not need job security,' he wrote in a prior post, adding that individuals should invest in income-producing real estate, and accumulate assets like real gold and silver and today Bitcoin.As global uncertainty mounts, markets appear to be reacting accordingly. Gold prices have been on the rise, and Bitcoin recently surged past $111,000, hitting its all-time high, fueled by increased institutional interest and demand for alternatives to fiat currency.Kiyosaki has consistently criticised the U.S. Federal Reserve's policies and the country's departure from the gold standard in 1971, stating that 'each crisis gets bigger because they never solve the problem.' Reaffirming his stance, he concluded his recent post with a stark warning:'THE END I have been warning the world about is HERE. May God have mercy on our souls,' he stated.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Mint
14 minutes ago
- Mint
Chanos Hits Back Strategy's Saylor, Calling Him a ‘Salesman'
(Bloomberg) -- Famed short-seller Jim Chanos denounced Strategy's Michael Saylor for using a misleading model to value his crypto-treasury firm and reemphasized his recommendation to short its shares and buy Bitcoin instead. 'Michael Saylor is a wonderful salesman,' Chanos said during a Bloomberg TV interview on Wednesday. While the executive chairman of Strategy argued his business should not be valued just on the basis of its Bitcoin holdings, Chanos called that 'financial gibberish.' 'This is akin to saying my house that rose in value from $450,000 to $500,000 last year is not worth $500,000. It's worth $1.5 million because it is worth $500,000 plus a 20 multiple on the $50,000 increase,' Chanos said. 'Of course, that's absurd. But that is the claim he is making.' Chanos also pointed out that the market for preferred shares, which Saylor touted as a robust pool for raising capital, is 'tiny' relative to common shares. Saylor's firm, which was formerly known as MicroStrategy, has sold roughly $35 billion worth of securities since 2024 to fund Bitcoin purchases. That includes $33 billion in common shares and convertible bonds as well as about $2 billion in preferred units issued in recent months. 'In his own words, he makes the case that you have to be crazy to buy these preferreds. He will pay a dividend, maybe. It's not redeemable. It's perpetual. If I don't pay the dividends, they are not cumulative. I don't have to pay them back. Who in their mind institutionally would buy these preferreds?' Chanos said. Strategy did not immediately respond to a request for comment. Chanos noted that the company's so-called mNAV — the stock's premium relative to the value of its Bitcoin holdings — currently stands at about 1.8 times, nearing its historic average, and 'it should be 1.' He said he put on the trade and advised clients when the level was between 2.2 and 2.3 times. Saylor previously said if the premium declines enough, Strategy will buy back its common shares. 'I can assure you that if it trades below 1, I will have covered my shorts,' Chanos said. In the same interview, the short seller also discussed his bearish bet on used car retailer Carvana Co. — a position he initially developed in 2022 and 2023. He is revisiting it now after the company's stock gained nearly 100%. Chanos claimed that about 70% of Carvana's operating income over the past year comes from the sale of subprime loans, but that revenues from car sales are declining. What's more, a dramatic increase in the stock's insider selling over the past two months is a warning sign, he added. --With assistance from Carmen Reinicke. More stories like this are available on


Time of India
3 hours ago
- Time of India
In Gurgaon, task force set up to probe illegalbusinesses on road to Galleria Market
Gurgaon: After the National Green Tribunal's (NGT) intervention in a case concerning illegal commercial activities along the road leading to Galleria Market in Sector 27, deputy commissioner Ajay Kumar announced plans to constitute an inter-departmental team to probe the matter. The team will include officials from MCG, HSPCB, Haryana State Pollution Control Board, Town Planning, and DHBVN, and will inspect the site and submit a detailed report. The action follows a petition by residents, highlighting severe environmental violations such as illegal commercial operations, including illegal use of diesel generator sets, open waste burning and untreated sewage discharge, allegedly causing severe air and noise pollution in the area. Deputy commissioner Ajay Kumar said, "We have taken note of the concerns raised regarding the illegal commercial activities in Sector 27. An inter-departmental team will be formed shortly to examine the entire situation on the ground. Based on their findings, appropriate action will be taken." The petition highlighted that multiple shops, eateries, and workshops have been operating without licences or environmental clearances near Hamilton Court and Galleria Market. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Trade Bitcoin & Ethereum – No Wallet Needed! IC Markets Start Now Undo An inspection by DHBVN on Feb 21, 2025, confirmed electricity theft and illegal resale of power. Despite disconnection, the establishments reportedly continued operations using DG sets in violation of environmental norms. The petitioner also alleged that despite submitting several complaints to the authorities between August 2024 and March 2025, no concrete action was taken. Meanwhile, residents have welcomed the DC's decision. "We've been suffering due to unchecked pollution, traffic congestion, and foul smells from untreated waste for months. This is the first time the administration is taking the issue seriously," said Pooja Singh, a resident of Sector 27. Environmental activists have also urged the administration to ensure that the committee's findings lead to on-ground enforcement. "Reports are not enough. What we need is action—sealing of illegal units and penalties against violators," said Vikram Singh, a city-based environmentalist. The inter-departmental committee is expected to start its inspection soon and submit a detailed report before the next NGT hearing scheduled for July 4, 2025.
&w=3840&q=100)

Business Standard
6 hours ago
- Business Standard
Trump urges Fed to cut rates by 1% after May inflation data release
US President Donald Trump reiterated his call for the Federal Reserve to push through a major rate cut in the wake of the release of new data on Wednesday on consumer inflation. Trump called the May Consumer Price Index a 'great' number and wrote on Truth Social that the "Fed should lower one full point. Would pay much less interest on debt coming due. So important!!!" The May CPI showed a modest increase in inflation relative to a year ago, as many forecasters expect price pressures to accelerate due to the president's massive increase in import taxes on a wide range of goods. The overall CPI for last month rose by 2.4 per cent relative to May 2024, a touch above the April year-over-year reading, while the CPI stripped of food and energy costs was up by 2.8 per cent over the same time period. The CPI readings arrive ahead of a Fed policy meeting next week where officials are virtually certain to keep the central bank's interest rate target range fixed at between 4.25 per cent and 4.5 per cent. Fed officials have signaled they are in a wait-and-see mode right now as the chaotic nature of the Trump administration's trade policy has made it very hard to know what lies ahead for the economy. A wide range of economists, as well as Fed officials, believe the tariffs will increase inflation while lowering growth and depressing employment. Some of those risks have moderated as Trump has backed away from some of the most draconian tariffs. The main question facing the Fed is whether the tariffs will drive a one-time price increase that can be ignored, or create something more persistent. A recent report from the New York Fed showed factory and service firms passing through a notable amount of tariffs. But at the same time, a separate New York Fed report released on Monday showed the public has become less worried about future inflation, which could reduce the risk of an enduring increase in price pressures. Following the CPI data release, futures markets increased odds the central bank will lower rates at its September meeting. Citibank economists said the CPI data "should give Fed officials further confidence that underlying inflation has been easing more rapidly this year ahead of upside risks from tariffs, and that the risk of more persistent inflation resulting from tariffs is low." They added "we continue to pencil in 125 basis points of consecutive rate cuts from the Fed starting in September." Other economists, however, were more cautious about the longer-run outlook for inflation. Skanda Amarnath, executive director of Employ America, said "We are likely to see a material acceleration in goods inflation and electricity inflation later this summer, both of which threaten to keep interest rates higher for longer and raise recession risk as a result." Trump's call for a full percentage point interest rate cut advocates for a policy action central bankers usually reserve for economic emergencies. The president has been pressing for easier monetary policy for some time even as Fed officials have shrugged off his commentary. Trump's comment on how a Fed rate cut would lower government interest payments alludes to the massive bill high short-term interest rates have imposed on government borrowing. That said, the Fed is mandated by Congress to set interest rates to keep inflation low while promoting maximum sustainable job growth. The Fed is not charged with managing government borrowing costs and officials have said that is not a factor in how they deliberate on the future of interest rate policy.